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+0.0356%/8h= +39.0% APRpaid last 24h −0.014%
Price spread now: SunX against Aftermath Perps+0.122%54s7-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 feesneeds both histories
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and SunX is 0.122% 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). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps HYPEUSD93.396−0.0256get 0.0032% / 1h36m 22s$22K$22K10x
ShortSunX HYPE-USDT93.5100.0100get 0.0050% / 4h2h 36m$32K$1.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$74.86
Price spread: +0.122% → 0.000%
$12.2
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee SunX: 4 bp × 2 orders
−$8
Net
$70.07
Costs to cover
0.170%
Break-even
0.4 days
Slippage unknown: Aftermath Perps: no order-book sample; SunX: live order book, 9 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 SunX live order book, 9 min ago20.88 bp34.3 bp −$34doesn't fitdoesn'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
Hibachi HYPE/USDT-P−0.1120%1h93.436+0.043%$197K$233K7xas long as short
Aftermath Perps HYPEUSDlong−0.0256%1h93.396long leg$22K$22K10x
Ondo Perps HYPE-USD.P−0.0254%1h93.350−0.049%$701K$940K10xas long as short
01 Exchange HYPEUSD−0.0088%1h93.435+0.042%$89K$348K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.300−0.103%$3K$33125xas long as short
Bullet HYPE-USD−0.0016%1h93.392−0.004%$112K$583K20xas long as short
Derive HYPE-PERP−0.0003%1h93.431+0.037%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.485+0.095%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.417+0.022%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.424+0.029%$20K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0015%4h93.424+0.030%$8.9M$35.9M300xas long as short
Gate HYPE_USDT+0.0018%4h93.413+0.018%$44.1M$56.5M75xas long as short
Bybit HYPEUSDT+0.0035%8h93.388−0.009%$325.4M$287.4M75xas long as short
Phoenix HYPE+0.0068%1h93.527+0.140%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0070%4h93.408+0.013%$180K$529K20xas long as short
Popdex HYPEUSDT+0.0080%1h93.399+0.003%$56K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.459+0.068%$18.5M$59.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.428+0.034%$3.1M$12.3M20xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.439+0.046%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.400+0.004%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.405+0.010%$6.0M$44.2M10xas long as short
Hyperliquid HYPE+0.0100%1h93.472+0.082%$2.03B$667.9M10xas long as short
Pacifica HYPE+0.0100%1h93.427+0.033%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.406+0.011%$385.2M$888.6M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.374−0.024%$114.7M$315.1M50xas long as short
Arcus HYPE-USD+0.0100%1h93.395−0.001%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.403+0.007%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.407+0.012%$92.8M$82.0M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.422+0.028%$46.4M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.423+0.029%$226.9M$102.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.410+0.015%$54.2Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.513+0.125%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.375−0.022%$28.9M$49.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.408+0.013%$7.5M$44.9M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.381−0.016%$405K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.490+0.101%$676K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.453+0.061%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.436+0.043%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.398+0.002%$76K$168K20xas long as short
SunX HYPE-USDTshort+0.0100%4h93.510+0.122%$32K$1.6M20x
SoDEX HYPE-USD+0.0100%1h93.470+0.079%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.466+0.075%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.395−0.001%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.486+0.097%$398K$318K20xas long as short
Kalshi KXHYPEPERP+0.0109%8h93.538+0.152%$1.9M$5.3M2.3xas long as short
edgeX HYPEUSDC+0.0113%4h93.336−0.064%$5.1M$29.5M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.400+0.004%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.397+0.001%$78K$158K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0274%1h93.576+0.193%$7.4M$4.6M50xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.330−0.071%$30K$231K12xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0164%1h93.444+0.052%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.449+0.057%$17.1M$12.5M75xas long as short
HTX HYPE-USDT+0.0345%4h93.650+0.272%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.477+0.086%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.595+0.214%$19.2M$25.9M50xas long as short