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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.013%
Price spread now: Bitget against ApeX Omni−0.133%53s7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$360.355% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.079%−$8 on $10k
Price spread, last 3 days (all we have)−0.302%−$30 · spread now −0.133%, 7d avg −0.026%
Together, before fees−0.381%−$38 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.107% cheaper against ApeX Omni than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.026%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni HYPEUSDT93.4020.0100pay 0.0013% / 1h56m 43s$405K$1.1M50x
ShortBitget HYPEUSDT93.2780.0100get 0.0050% / 4h2h 56m$226.7M$102.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against ApeX Omni. 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
$0
Price spread: −0.133% → −0.026%
−$10.72
Slippage, 4 orders
−$13.53
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$46.25
Costs to cover
0.355%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 2 min ago; Bitget: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 2 min ago3.64 bp9.4 bp −$912.8 bp −$128doesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago0.05 bp8.0 bp −$812.2 bp −$12219.2 bp −$1,918doesn't fit

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−0.1360%1h93.304−0.105%$197K$239K7xas long as short
Ondo Perps HYPE-USD.P−0.0119%1h93.260−0.152%$699K$952K10xas long as short
01 Exchange HYPEUSD−0.0104%1h93.253−0.160%$89K$340K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.294−0.116%$3K$33125xas long as short
Aftermath Perps HYPEUSD−0.0078%1h93.364−0.041%$22K$22K10xas long as short
Gate HYPE_USDT−0.0002%4h93.279−0.132%$44.1M$56.1M75xas long as short
dYdX HYPE-USD0.0000%1h93.341−0.066%$127K$33K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.419+0.018%$1.9M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.260−0.152%$24K$343K10xas long as short
Aster HYPEUSDT+0.0002%4h93.281−0.130%$8.9M$36.5M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.334−0.073%$20K150xas long as short
Popdex HYPEUSDT+0.0032%1h93.252−0.161%$56K$1.2M50xas long as short
Bybit HYPEUSDT+0.0041%8h93.264−0.148%$325.1M$289.1M75xas long as short
Derive HYPE-PERP+0.0058%1h93.260−0.152%$16.4M$7.1M10xas long as short
Orderly PERP_HYPE_USDC+0.0078%4h93.315−0.093%$180K$537K20xas long as short
Bluefin HYPE-PERP+0.0079%1h93.301−0.108%$76K$168K20xas long as short
Bullet HYPE-USD+0.0087%1h93.302−0.107%$112K$583K20xas long as short
Phoenix HYPE+0.0094%1h93.444+0.045%$216K$1.1M10xas long as short
Lighter HYPE+0.0096%1h93.353−0.052%$18.5M$58.7M20xas long as short
Lighter RH HYPE+0.0096%1h93.322−0.086%$3.1M$12.3M20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.300−0.109%$38K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.278−0.133%$6.0M$44.5M10xas long as short
Hyperliquid HYPE+0.0100%1h93.361−0.044%$2.03B$674.1M10xas long as short
Pacifica HYPE+0.0100%1h93.327−0.080%$10.0M$14.5M20xas long as short
Binance HYPEUSDT+0.0100%4h93.300−0.109%$386.2M$893.6M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.255−0.157%$114.6M$315.9M50xas long as short
Arcus HYPE-USD+0.0100%1h93.246−0.167%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.386−0.017%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.301−0.108%$92.2M$81.3M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.296−0.113%$46.2M$19.6M75xas long as short
Bitget HYPEUSDTshort+0.0100%4h93.278−0.133%$226.7M$102.1M75x
BingX HYPE-USDT+0.0100%4h93.277−0.134%$54.5Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.345−0.061%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.466+0.069%$28.9M$50.1Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.403+0.001%$7.5M$46.8M10xas long as short
ApeX Omni HYPEUSDTlong+0.0100%1h93.402long leg$405K$1.1M50x
StandX HYPE-USD+0.0100%1h93.364−0.041%$675K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.359−0.046%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.355−0.050%$493K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h93.291−0.119%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.296−0.113%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.351−0.055%$12.7M$2.6M50xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.327−0.080%$339K$171K20xas long as short
Extended HYPE-USD+0.0104%1h93.255−0.157%$18.4M$41.0M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.318−0.090%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0108%4h93.382−0.021%$5.1M$29.4M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.380−0.024%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0244%1h93.311−0.097%$77K$157K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.220−0.195%$30K$231K12xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0165%1h93.331−0.076%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.309−0.100%$17.2M$12.6M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0371%1h93.414+0.013%$7.4M$4.6M50xas long as short
HTX HYPE-USDT+0.0432%4h93.459+0.061%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.319−0.089%$2.7M$6.9M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.440+0.040%$18.7M$24.8M50xas long as short