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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0293%/8h= +32.1% APRnext payment +$0.37 per $10,000 · paid last 24h −0.015%
Price spread now: StandX against Aftermath Perps+0.052%55s7-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 airdropStandX: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and StandX is 0.052% dearer against Aftermath Perps than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps HYPEUSD93.399−0.0193get 0.0024% / 1h43m 34s$22K$22K10x
ShortStandX HYPE-USD93.4480.0100get 0.0013% / 1h43m 34s$676K$2.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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
$61.53
Price spread: +0.052% → 0.000%
$5.24
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee StandX: 4 bp × 2 orders
−$8
Net
$49.77
Costs to cover
0.170%
Break-even
1.3 days
Slippage unknown: Aftermath Perps: no order-book sample; StandX: live order book, just now. 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 StandX live order book, just now1.28 bp5.3 bp −$55.5 bp −$5513.0 bp −$1,298doesn'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
Hibachi HYPE/USDT-P−0.1240%1h93.370−0.031%$197K$233K7xas long as short
Ondo Perps HYPE-USD.P−0.0223%1h93.330−0.074%$701K$943K10xas long as short
Aftermath Perps HYPEUSDlong−0.0193%1h93.399long leg$22K$22K10x
01 Exchange HYPEUSD−0.0080%1h93.450+0.055%$89K$346K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.429+0.032%$3K$33125xas long as short
dYdX HYPE-USD0.0000%1h93.427+0.030%$127K$32K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.484+0.091%$1.9M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.394−0.005%$23K$343K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.430+0.033%$19K150xas long as short
Aster HYPEUSDT+0.0011%4h93.423+0.026%$8.9M$36.0M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Derive HYPE-PERP+0.0017%1h93.355−0.047%$16.4M$7.1M10xas long as short
Gate HYPE_USDT+0.0018%4h93.415+0.017%$44.2M$56.3M75xas long as short
Bullet HYPE-USD+0.0030%1h93.411+0.012%$112K$583K20xas long as short
Bybit HYPEUSDT+0.0039%8h93.420+0.022%$325.4M$287.9M75xas long as short
Phoenix HYPE+0.0068%1h93.408+0.010%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0074%4h93.412+0.014%$180K$536K20xas long as short
Lighter HYPE+0.0096%1h93.475+0.081%$18.5M$59.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.450+0.055%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.425+0.028%$56K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.470+0.076%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.424+0.027%$6.0M$44.3M10xas long as short
Hyperliquid HYPE+0.0100%1h93.496+0.103%$2.04B$669.3M10xas long as short
Pacifica HYPE+0.0100%1h93.432+0.036%$10.0M$14.5M20xas long as short
Binance HYPEUSDT+0.0100%4h93.426+0.029%$385.9M$888.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.418+0.020%$114.8M$315.5M50xas long as short
Arcus HYPE-USD+0.0100%1h93.392−0.008%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.335−0.068%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.421+0.024%$93.0M$81.9M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.434+0.037%$46.3M$19.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.441+0.045%$226.9M$102.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.420+0.022%$54.2Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.427+0.030%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.375−0.025%$28.8M$49.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.413+0.015%$7.5M$45.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.428+0.031%$406K$1.0M50xas long as short
StandX HYPE-USDshort+0.0100%1h93.448+0.052%$676K$2.4M20x
Vest HYPE-PERP+0.0100%1h93.462+0.067%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.452+0.057%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.402+0.003%$76K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h93.439+0.043%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.389−0.011%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.407+0.009%$12.7M$2.6M50xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.447+0.051%$339K$171K20xas long as short
Extended HYPE-USD+0.0104%1h93.414+0.016%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.405+0.007%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0117%4h93.402+0.004%$5.1M$29.6M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.500+0.108%$4.9M$5.7M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0232%1h93.499+0.107%$7.4M$4.6M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.427+0.029%$77K$157K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.330−0.074%$30K$231K12xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.443+0.047%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.405+0.006%$17.1M$12.5M75xas long as short
HTX HYPE-USDT+0.0373%4h93.536+0.147%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.496+0.104%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.491+0.099%$19.2M$25.9M50xas long as short