Settings8H · net · $10k
Funding arb · Price arb /

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0376%/8h= +41.2% APRpaid last 24h +0.027%
Price spread now: Paradex against Aftermath Perps+0.075%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Paradex is 0.075% dearer against Aftermath Perps than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps HYPEUSD92.833−0.0280get 0.0035% / 1h0m 04s$22K$21K10x
ShortParadex HYPE-USD-PERP92.9030.0096get 0.0096% / 8h4h 00m$339K$163K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Aftermath Perps. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$78.93
Price spread: +0.075% → 0.000%
$7.51
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Paradex: 2 bp × 2 orders
−$4
Net
$73.44
Costs to cover
0.130%
Break-even
0.5 days
Slippage unknown: Aftermath Perps: no order-book sample; Paradex: live order book, 59 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aftermath Perps no order-book sample
Sell Paradex live order book, 59 min ago12.88 bp14.9 bp −$1518.7 bp −$187doesn't fitdoesn't fit
Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

HYPE on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus HYPE-USD−0.0948%1h92.835+0.002%$1.1M$3.9M10xas long as short
Hibachi HYPE/USDT-P−0.0440%1h92.759−0.080%$193K$227K7xas long as short
Aftermath Perps HYPEUSDlong−0.0280%1h92.833long leg$22K$21K10x
Hotstuff HYPE-PERP−0.0080%1h92.875+0.045%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0064%4h92.860+0.029%$157K$653K20xas long as short
dYdX HYPE-USD0.0000%1h92.865+0.034%$127K$29K5xas long as short
01 Exchange HYPEUSD0.0000%1h92.902+0.074%$86K$361K20xas long as short
Perpl HYPE0.0000%43m92.894+0.065%$22K$302K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.907+0.079%$62K150xas long as short
Phemex HYPEUSDT+0.0029%8h92.858+0.027%$12.5M$2.7M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet HYPE-USD+0.0030%1h92.843+0.011%$112K$579K20xas long as short
BingX HYPE-USDT+0.0036%4h92.877+0.047%$53.6Mas long as short
Phoenix HYPE+0.0043%1h92.755−0.084%$210K$1.2M10xas long as short
Bybit HYPEUSDT+0.0045%8h92.860+0.029%$316.7M$281.3M75xas long as short
Ondo Perps HYPE-USD.P+0.0049%1h92.810−0.025%$698K$1.1M10xas long as short
Aster HYPEUSDT+0.0068%4h92.889+0.060%$8.7M$36.1M300xas long as short
Bitget HYPEUSDT+0.0086%4h92.890+0.061%$224.8M$98.7M75xas long as short
edgeX HYPEUSDC+0.0095%4h92.845+0.013%$4.9M$29.6M30xas long as short
Paradex HYPE-USD-PERPshort+0.0096%8h92.903+0.075%$339K$163K20x
Lighter HYPE+0.0096%1h92.894+0.066%$16.1M$62.8M20xas long as short
Lighter RH HYPE+0.0096%1h92.897+0.069%$3.1M$11.8M20xas long as short
Popdex HYPEUSDT+0.0096%1h92.876+0.046%$69K$1.1M50xas long as short
OKX HYPE-USDT-SWAP+0.0098%8h92.911+0.084%$113.9M$303.8M50xas long as short
Katana Perps HYPE-USD+0.0099%8h92.860+0.029%$38K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h92.885+0.056%$7.4M$45.7M10xas long as short
Hyperliquid HYPE+0.0100%1h92.915+0.088%$2.02B$663.4M10xas long as short
Pacifica HYPE+0.0100%1h92.895+0.067%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h92.884+0.055%$373.2M$902.4M75xas long as short
Bulk HYPE-USD+0.0100%1h92.800−0.036%$202K$13K10xas long as short
Gate HYPE_USDT+0.0100%4h92.866+0.035%$44.4M$55.6M75xas long as short
MEXC HYPE_USDT+0.0100%4h92.883+0.054%$88.3M$81.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.888+0.059%$46.1M$18.4M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.880+0.050%$7.3M$11.3M20xas long as short
Variational Omni HYPE+0.0100%8h92.859+0.028%$28.5M$57.4Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.903+0.075%$7.5M$46.3M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.856+0.025%$350K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h92.868+0.038%$667K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h92.923+0.096%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.910+0.083%$469K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.881+0.052%$79K$168K20xas long as short
Derive HYPE-PERP+0.0100%1h92.843+0.011%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h92.863+0.032%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.883+0.054%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h93.019+0.200%$1.4M$6.3M75xas long as short
Extended HYPE-USD+0.0104%1h92.871+0.041%$18.1M$43.5M50xas long as short
Aevo HYPE-PERP+0.0104%1h92.871+0.041%$393K$164K20xas long as short
Injective HYPE/USDC PERP+0.0150%1h92.960+0.137%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0160%1h92.960+0.137%$4.7M$5.5M50xas long as short
Kalshi KXHYPEPERP+0.0225%8h92.896+0.068%$1.8M$5.4M2.3xas long as short
Reya HYPERUSDPERP+0.0263%1h92.871+0.040%$79K$131K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0277%1h92.967+0.144%$7.5M$4.5M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h92.864+0.034%$1.4M100xas long as short
Kraken Futures PF_HYPEUSD+0.0331%1h92.936+0.111%$20.6M$30.4M50xas long as short
BloFin HYPE-USDT+0.0340%4h92.879+0.049%$16.8M$11.6M75xas long as short
RISEx HYPE/USDC+0.0687%1h92.937+0.112%$3.2M$6.4M20xas long as short