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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: Pacifica against ApeX Omni−0.214%51s7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$260.258% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.096%−$10 on $10k
Price spread, last 3 days (all we have)+0.154%+$15 · spread now −0.214%, 7d avg +0.018%
Together, before fees+0.058%+ Points / potential airdropPacifica: Active · farm board+$6 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: Pacifica is 0.232% cheaper against ApeX Omni than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.018%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni HYPEUSDT93.8190.0100pay 0.0013% / 1h30m 32s$341K$1.1M50x
ShortPacifica HYPE93.6180.0100get 0.0013% / 1h30m 32s$10.1M$14.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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: −0.214% → +0.018%
−$23.17
Slippage, 4 orders
−$7.79
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$48.96
Costs to cover
0.258%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 4 min ago; Pacifica: live order book, 4 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, 4 min ago3.46 bp8.5 bp −$911.5 bp −$115doesn't fitdoesn't fit
Sell Pacifica live order book, 4 min ago0.05 bp4.5 bp −$5doesn't fitdoesn't fitdoesn'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−0.0792%1h93.621−0.211%$198K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0350%1h93.901+0.087%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.532−0.306%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.600−0.233%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0060%1h93.570−0.265%$703K$910K10xas long as short
01 Exchange HYPEUSD−0.0032%1h93.619−0.213%$87K$365K20xas long as short
Derive HYPE-PERP−0.0017%1h93.543−0.294%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.583−0.252%$127K$30K5xas long as short
Perpl HYPE0.0000%43m93.591−0.243%$23K$329K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.634−0.198%$26K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_HYPE_USDC+0.0003%4h93.613−0.220%$163K$578K20xas long as short
Phoenix HYPE+0.0009%1h93.755−0.068%$215K$1.2M10xas long as short
Aster HYPEUSDT+0.0015%4h93.581−0.254%$8.9M$36.0M300xas long as short
Bybit HYPEUSDT+0.0019%8h93.640−0.191%$321.7M$283.4M75xas long as short
Binance HYPEUSDT+0.0057%4h93.639−0.192%$383.1M$895.1M75xas long as short
MEXC HYPE_USDT+0.0058%4h93.595−0.239%$87.4M$81.7M100xas long as short
Phemex HYPEUSDT+0.0072%8h93.638−0.193%$12.8M$2.6M50xas long as short
edgeX HYPEUSDC+0.0080%4h93.817−0.003%$5.1M$29.9M30xas long as short
Gate HYPE_USDT+0.0082%4h93.611−0.222%$44.5M$59.1M75xas long as short
Lighter HYPE+0.0096%1h93.628−0.203%$18.8M$60.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.583−0.252%$3.0M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.641−0.190%$63K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.608−0.225%$398K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.621−0.211%$340K$171K20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.600−0.233%$43K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.571−0.264%$5.7M$44.4M10xas long as short
Pacifica HYPEshort+0.0100%1h93.618−0.214%$10.1M$14.5M20x
OKX HYPE-USDT-SWAP+0.0100%8h93.643−0.188%$115.2M$320.1M50xas long as short
Bulk HYPE-USD+0.0100%1h93.625−0.207%$204K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.588−0.246%$46.4M$18.5M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.623−0.209%$226.7M$102.7M75xas long as short
BingX HYPE-USDT+0.0100%4h93.623−0.209%$54.1Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.607−0.226%$7.8M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.564−0.272%$31.2M$53.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.786−0.035%$7.6M$45.0M10xas long as short
ApeX Omni HYPEUSDTlong+0.0100%1h93.819long leg$341K$1.1M50x
StandX HYPE-USD+0.0100%1h93.752−0.071%$678K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.668−0.161%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.608−0.225%$490K$2.5M20xas long as short
Bullet HYPE-USD+0.0100%1h93.596−0.238%$111K$578K20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.596−0.238%$76K$170K20xas long as short
SunX HYPE-USDT+0.0100%4h93.655−0.175%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.610−0.223%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.630%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.611−0.222%$18.3M$42.8M50xas long as short
Kalshi KXHYPEPERP+0.0131%8h93.733−0.092%$1.9M$5.0M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.650−0.180%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0217%4h93.768−0.054%$1.5M$7.8M75xas long as short
BloFin HYPE-USDT+0.0237%4h93.601−0.232%$17.0M$12.6M75xas long as short
Reya HYPERUSDPERP+0.0249%1h93.598−0.236%$77K$142K15xas long as short
RISEx HYPE/USDC+0.0284%1h93.676−0.153%$2.8M$6.9M20xas long as short
Hyperliquid HYPE+0.0291%1h93.627−0.205%$2.03B$676.0M10xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0337% / S −0.0163%1h93.636−0.195%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0348%1h93.702−0.125%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0579%1h93.700−0.127%$20.9M$29.4M50xas long as short