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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: StandX against ApeX Omni+0.044%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$280.284% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.002%$0 on $10k
Price spread, last 7 days−0.005%$0 · spread now +0.044%, 7d avg +0.012%
Together, before fees−0.002%+ Points / potential airdropStandX: Active · farm board$0 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: StandX is 0.032% dearer against ApeX Omni than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni HYPEUSDT93.5320.0100pay 0.0013% / 1h55m 22s$343K$1.0M50x
ShortStandX HYPE-USD93.5730.0100get 0.0013% / 1h55m 22s$669K$2.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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: +0.044% → +0.012%
$3.22
Slippage, 4 orders
−$10.43
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee StandX: 4 bp × 2 orders
−$8
Net
−$25.21
Costs to cover
0.284%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 4 min ago; StandX: 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 ago2.03 bp8.1 bp −$813.0 bp −$130doesn't fitdoesn't fit
Sell StandX live order book, 4 min ago1.71 bp5.7 bp −$65.7 bp −$5710.9 bp −$1,087doesn'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−0.1904%1h93.383−0.159%$196K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0360%1h93.438−0.101%$22K$21K10xas long as short
Bullet HYPE-USD−0.0158%1h93.388−0.154%$112K$578K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.530−0.002%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0040%1h93.442−0.096%$87K$365K20xas long as short
Orderly PERP_HYPE_USDC−0.0037%4h93.554+0.024%$146K$663K20xas long as short
dYdX HYPE-USD0.0000%1h93.530−0.002%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.466−0.071%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.439−0.100%$62K150xas long as short
Arcus HYPE-USD+0.0011%1h93.413−0.127%$1.0M$3.9M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps HYPE-USD.P+0.0014%1h93.540+0.009%$705K$1.2M10xas long as short
Phemex HYPEUSDT+0.0020%8h93.499−0.035%$12.6M$2.7M50xas long as short
Bitget HYPEUSDT+0.0022%4h93.424−0.115%$226.1M$99.1M75xas long as short
Bybit HYPEUSDT+0.0026%8h93.407−0.134%$317.7M$283.6M75xas long as short
Phoenix HYPE+0.0026%1h93.546+0.015%$209K$1.2M10xas long as short
edgeX HYPEUSDC+0.0092%4h93.577+0.048%$5.0M$29.9M30xas long as short
Bluefin HYPE-PERP+0.0092%1h93.553+0.022%$79K$167K20xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.489−0.046%$340K$162K20xas long as short
Lighter HYPE+0.0096%1h93.481−0.054%$16.1M$62.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.522−0.011%$3.1M$11.4M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.427−0.112%$76K$1.1M50xas long as short
Gate HYPE_USDT+0.0096%4h93.440−0.098%$46.3M$53.8M75xas long as short
Katana Perps HYPE-USD+0.0099%8h93.440−0.098%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.412−0.129%$7.0M$47.8M10xas long as short
Hyperliquid HYPE+0.0100%1h93.467−0.069%$2.04B$667.2M10xas long as short
Aster HYPEUSDT+0.0100%4h93.447−0.091%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.499−0.035%$10.1M$15.3M20xas long as short
Binance HYPEUSDT+0.0100%4h93.457−0.080%$374.8M$910.5M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.411−0.129%$114.8M$308.0M50xas long as short
Bulk HYPE-USD+0.0100%1h93.328−0.218%$203K$3K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.418−0.122%$92.1M$80.0M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.448−0.090%$46.1M$18.5M75xas long as short
BingX HYPE-USDT+0.0100%4h93.417−0.123%$54.0Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.578+0.049%$7.3M$11.1M20xas long as short
Variational Omni HYPE+0.0100%8h93.529−0.004%$28.7M$56.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.637+0.112%$7.6M$47.1M10xas long as short
ApeX Omni HYPEUSDTlong+0.0100%1h93.532long leg$343K$1.0M50x
StandX HYPE-USDshort+0.0100%1h93.573+0.044%$669K$2.9M20x
Vest HYPE-PERP+0.0100%1h93.504−0.030%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.442−0.096%$490K$2.7M20xas long as short
Derive HYPE-PERP+0.0100%1h93.544+0.012%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.549+0.018%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.563+0.033%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.800+0.287%$1.4M$6.4M75xas long as short
Extended HYPE-USD+0.0104%1h93.411−0.129%$18.1M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.566+0.036%$396K$161K20xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.410−0.130%$30K$339K12xas long as short
Kalshi KXHYPEPERP+0.0137%8h93.633+0.108%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.720+0.201%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0267%1h93.406−0.135%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.433−0.106%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.642+0.118%$16.9M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0340%1h93.618+0.092%$20.9M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0391%1h93.649+0.125%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.504−0.029%$3.2M$6.3M20xas long as short