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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%
Price spread now: Variational Omni against ApeX Omni−0.058%73s7-day average −0.017% · you buy dearer than you sell
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)−0.001%$0 on $10k
Price spread, last 7 days+0.071%+$7 · spread now −0.058%, 7d avg −0.017%
Together, before fees+0.070%+ Points / potential airdropVariational Omni: Active · farm board+$7 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: Variational Omni is 0.041% cheaper against ApeX Omni than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.017%. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni HYPEUSDT93.4120.0100pay 0.0013% / 1h16m 14s$339K$997K50x
ShortVariational Omni HYPE93.3580.0100get 0.0100% / 8h5h 16m$31.1M$53.7M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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: −0.058% → −0.017%
−$4.06
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$14.06
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 8 min ago; Variational Omni: RFQ quote, 3 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 ApeX Omni live order book, 8 min ago2.09 bp8.2 bp −$811.5 bp −$115doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 3 min ago0.41 bpdoesn't fit3.0 bp −$304.5 bp −$447doesn'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−0.1064%1h93.274−0.148%$197K$227K7xas long as short
Arcus HYPE-USD−0.0899%1h93.276−0.146%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0131%1h93.270−0.152%$699K$1.0M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.366−0.049%$3K$33125xas long as short
Aftermath Perps HYPEUSD−0.0063%1h93.378−0.036%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0056%1h93.401−0.012%$85K$343K20xas long as short
Orderly PERP_HYPE_USDC−0.0047%4h93.378−0.036%$154K$652K20xas long as short
Phemex HYPEUSDT−0.0028%8h93.397−0.016%$12.6M$2.7M50xas long as short
dYdX HYPE-USD0.0000%1h93.420+0.009%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.394−0.019%$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+0.001%$63K150xas long as short
Bullet HYPE-USD+0.0025%1h93.404−0.009%$112K$578K20xas long as short
Phoenix HYPE+0.0026%1h93.367−0.048%$213K$1.2M10xas long as short
Aster HYPEUSDT+0.0028%4h93.385−0.029%$8.8M$35.8M300xas long as short
BingX HYPE-USDT+0.0034%4h93.396−0.017%$52.9Mas long as short
Bybit HYPEUSDT+0.0043%8h93.249−0.174%$321.1M$277.7M75xas long as short
Gate HYPE_USDT+0.0044%4h93.397−0.016%$44.6M$55.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0076%8h93.258−0.165%$114.0M$300.6M50xas long as short
Derive HYPE-PERP+0.0082%1h93.373−0.042%$16.2M$7.5M10xas long as short
Lighter HYPE+0.0096%1h93.419+0.007%$16.3M$62.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.418+0.006%$3.1M$11.6M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.369−0.046%$71K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.421+0.010%$339K$162K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.340−0.077%$12K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.401−0.011%$5.8M$43.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.450+0.041%$2.04B$654.0M10xas long as short
Pacifica HYPE+0.0100%1h93.398−0.015%$10.0M$14.8M20xas long as short
Binance HYPEUSDT+0.0100%4h93.329−0.089%$378.7M$877.4M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.279−0.142%$89.7M$81.0M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.316−0.103%$45.9M$18.2M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.391−0.022%$225.8M$96.4M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.388−0.026%$7.4M$10.3M20xas long as short
Variational Omni HYPEshort+0.0100%8h93.358−0.058%$31.1M$53.7M
GRVT HYPE_USDT_Perp+0.0100%4h93.354−0.063%$7.5M$45.8M10xas long as short
ApeX Omni HYPEUSDTlong+0.0100%1h93.412long leg$339K$997K50x
StandX HYPE-USD+0.0100%1h93.347−0.070%$666K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h93.408−0.004%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.426+0.015%$482K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.389−0.025%$79K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.445+0.035%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.409−0.003%$2.0M$1.9M10xas long as short
Bulk HYPE-USD+0.0100%1h93.217−0.208%$203K$10K10xas long as short
edgeX HYPEUSDC+0.0102%4h93.298−0.122%$5.0M$29.1M30xas long as short
Extended HYPE-USD+0.0104%1h93.384−0.030%$18.4M$43.7M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.406−0.006%$397K$162K20xas long as short
HTX HYPE-USDT+0.0152%4h93.518+0.113%$1.4M$6.0M75xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.420+0.009%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0259%1h93.378−0.037%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0272%8h93.358−0.058%$1.9M$5.2M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0285%1h93.483+0.076%$7.5M$4.4M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h93.410−0.002%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.320−0.098%$17.0M$11.5M75xas long as short
RISEx HYPE/USDC+0.0510%1h93.466+0.058%$3.2M$6.3M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.730+0.340%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0685%1h93.472+0.064%$20.8M$29.8M50xas long as short