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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0664%/8h= +72.7% APRnext payment +$0.83 per $10,000 · paid last 24h +0.009%
Price spread now: Reya against Aftermath Perps+0.116%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 airdropReya: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Reya is 0.116% dearer against Aftermath Perps than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps HYPEUSD93.054−0.0417get 0.0052% / 1h22m 04s$22K$22K10x
ShortReya HYPERUSDPERP93.1620.0247get 0.0031% / 1h22m 04s$77K$159K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
$139.51
Price spread: +0.116% → 0.000%
$11.6
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Reya: 3 bp × 2 orders
−$6
Net
$136.12
Costs to cover
0.150%
Break-even
0.2 days
Slippage unknown: Aftermath Perps: no order-book sample; Reya: no order-book sample. 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 Reya no order-book sample
Aftermath Perps and Reya: 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
Aftermath Perps HYPEUSDlong−0.0417%1h93.054long leg$22K$22K10x
Hibachi HYPE/USDT-P−0.0296%1h93.001−0.057%$196K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.085+0.033%$1.2M$4.0M10xas long as short
Ondo Perps HYPE-USD.P−0.0127%1h92.940−0.122%$698K$925K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.113+0.063%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0032%1h93.167+0.122%$90K$361K20xas long as short
Popdex HYPEUSDT−0.0016%1h93.141+0.094%$58K$1.2M50xas long as short
Aster HYPEUSDT−0.0008%4h93.195+0.152%$8.9M$36.0M300xas long as short
dYdX HYPE-USD0.0000%1h93.096+0.046%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.131+0.083%$23K$331K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.218+0.177%$20K150xas long as short
Bybit HYPEUSDT+0.0022%8h93.204+0.161%$323.1M$287.3M75xas long as short
Orderly PERP_HYPE_USDC+0.0022%4h93.210+0.168%$172K$518K20xas long as short
Derive HYPE-PERP+0.0029%1h93.150+0.104%$16.3M$7.1M10xas long as short
Phoenix HYPE+0.0034%1h93.030−0.026%$214K$1.2M10xas long as short
Gate HYPE_USDT+0.0052%4h93.208+0.166%$43.9M$58.5M75xas long as short
Bullet HYPE-USD+0.0061%1h93.163+0.117%$111K$580K20xas long as short
MEXC HYPE_USDT+0.0062%4h93.205+0.162%$90.4M$82.2M100xas long as short
Binance HYPEUSDT+0.0064%4h93.224+0.183%$381.8M$895.7M75xas long as short
edgeX HYPEUSDC+0.0074%4h92.953−0.108%$5.0M$29.6M30xas long as short
Lighter HYPE+0.0096%1h93.249+0.210%$18.6M$59.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.232+0.191%$3.1M$12.2M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.227+0.186%$397K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0098%8h93.140+0.093%$338K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.110+0.060%$34K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.141+0.093%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.237+0.197%$2.03B$668.7M10xas long as short
Pacifica HYPE+0.0100%1h93.139+0.091%$10.0M$14.3M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.231+0.190%$113.9M$314.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.030−0.026%$203K$8K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.216+0.174%$47.0M$18.8M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.243+0.203%$226.0M$103.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.201+0.158%$53.9Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.240+0.200%$7.8M$11.1M20xas long as short
Variational Omni HYPE+0.0100%8h92.933−0.130%$28.9M$50.6Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.008−0.049%$7.5M$45.9M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.016−0.041%$414K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.000−0.058%$673K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.142+0.095%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.189+0.145%$493K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.214+0.172%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.159+0.113%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.206+0.163%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.188+0.144%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.187+0.143%$18.3M$42.0M50xas long as short
Kalshi KXHYPEPERP+0.0108%8h93.172+0.127%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.180+0.135%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h92.880−0.187%$30K$338K12xas long as short
HTX HYPE-USDT+0.0241%4h93.350+0.318%$1.5M$7.7M75xas long as short
Reya HYPERUSDPERPshort+0.0247%1h93.162+0.116%$77K$159K15x
BloFin HYPE-USDT+0.0254%4h92.996−0.062%$16.9M$12.5M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.198+0.155%$2.7M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0158%1h93.197+0.154%$1.5M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0447%1h93.303+0.268%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.317+0.283%$20.9M$29.0M50xas long as short