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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0007%/8h= +0.8% APRnext payment +$0.01 per $10,000 · paid last 24h −0.013%
Price spread now: 01 Exchange against Aftermath Perps+0.024%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 feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: 01 Exchange is 0.024% dearer against Aftermath Perps than usual: you sell high and buy low, +$2 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps HYPEUSD93.378−0.0063get 0.0008% / 1h16m 16s$22K$21K10x
Short01 Exchange HYPEUSD93.401−0.0056pay 0.0007% / 1h16m 16s$85K$343K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$1.52
Price spread: +0.024% → 0.000%
$2.41
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$12.07
Costs to cover
0.160%
Break-even
62.6 days
Slippage unknown: Aftermath Perps: no order-book sample; 01 Exchange: live order book, 48 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 01 Exchange live order book, 48 min ago0.80 bp6.0 bp −$69.7 bp −$97doesn'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−0.1064%1h93.274−0.112%$197K$227K7xas long as short
Arcus HYPE-USD−0.0899%1h93.276−0.110%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0131%1h93.270−0.116%$699K$1.0M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.366−0.013%$3K$33125xas long as short
Aftermath Perps HYPEUSDlong−0.0063%1h93.378long leg$22K$21K10x
01 Exchange HYPEUSDshort−0.0056%1h93.401+0.024%$85K$343K20x
Orderly PERP_HYPE_USDC−0.0047%4h93.378−0.001%$154K$652K20xas long as short
Phemex HYPEUSDT−0.0028%8h93.397+0.020%$12.6M$2.7M50xas long as short
dYdX HYPE-USD0.0000%1h93.420+0.045%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.394+0.017%$23K$319K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.413+0.037%$63K150xas long as short
Bullet HYPE-USD+0.0025%1h93.404+0.027%$112K$578K20xas long as short
Phoenix HYPE+0.0026%1h93.367−0.012%$213K$1.2M10xas long as short
Aster HYPEUSDT+0.0028%4h93.385+0.007%$8.8M$35.8M300xas long as short
BingX HYPE-USDT+0.0034%4h93.396+0.019%$52.9Mas long as short
Bybit HYPEUSDT+0.0043%8h93.249−0.139%$321.1M$277.7M75xas long as short
Gate HYPE_USDT+0.0044%4h93.397+0.020%$44.6M$55.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0076%8h93.258−0.129%$114.0M$300.6M50xas long as short
Derive HYPE-PERP+0.0082%1h93.373−0.006%$16.2M$7.5M10xas long as short
Lighter HYPE+0.0096%1h93.419+0.043%$16.3M$62.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.418+0.042%$3.1M$11.6M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.369−0.010%$71K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.421+0.046%$339K$162K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.340−0.041%$12K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.401+0.025%$5.8M$43.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.450+0.077%$2.04B$654.0M10xas long as short
Pacifica HYPE+0.0100%1h93.398+0.021%$10.0M$14.8M20xas long as short
Binance HYPEUSDT+0.0100%4h93.329−0.053%$378.7M$877.4M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.279−0.107%$89.7M$81.0M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.316−0.067%$45.9M$18.2M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.391+0.013%$225.8M$96.4M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.388+0.010%$7.4M$10.3M20xas long as short
Variational Omni HYPE+0.0100%8h93.358−0.022%$31.1M$53.7Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.354−0.027%$7.5M$45.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.412+0.036%$339K$997K50xas long as short
StandX HYPE-USD+0.0100%1h93.347−0.034%$666K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h93.408+0.032%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.426+0.051%$482K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.389+0.011%$79K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.445+0.071%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.409+0.033%$2.0M$1.9M10xas long as short
Bulk HYPE-USD+0.0100%1h93.217−0.173%$203K$10K10xas long as short
edgeX HYPEUSDC+0.0102%4h93.298−0.086%$5.0M$29.1M30xas long as short
Extended HYPE-USD+0.0104%1h93.384+0.006%$18.4M$43.7M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.406+0.030%$397K$162K20xas long as short
HTX HYPE-USDT+0.0152%4h93.518+0.149%$1.4M$6.0M75xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.420+0.044%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0259%1h93.378−0.001%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0272%8h93.358−0.022%$1.9M$5.2M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0285%1h93.483+0.112%$7.5M$4.4M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h93.410+0.034%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.320−0.063%$17.0M$11.5M75xas long as short
RISEx HYPE/USDC+0.0510%1h93.466+0.094%$3.2M$6.3M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.730+0.376%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0685%1h93.472+0.100%$20.8M$29.8M50xas long as short