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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC−0.0168%/8h= −18.4% APRnext payment −$0.21 per $10,000 · paid last 24h +0.051%
Price spread now: Aftermath Perps against Arcus+0.085%46s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ArcusShort on Aftermath Perps
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 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. Aftermath Perps is 0.085% dearer against Arcus than usual: you sell high and buy low (spread +0.085% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 40 hours. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus HYPE-USD93.783−0.0233get 0.0029% / 1h9m 35s$1.2M$3.8M10x
ShortAftermath Perps HYPEUSD93.863−0.0400pay 0.0050% / 1h9m 35s$22K$22K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Arcus. 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
−$35.24
Price spread: +0.085% → 0.000%
$8.49
Slippage, 4 orders
no order book: not counted
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$40.25
Costs to cover
0.135%
Break-even
never at this rate
Slippage unknown: Arcus: live order book, 4 min ago; Aftermath Perps: no order-book sample. 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 Arcus live order book, 4 min ago0.11 bp3.8 bp −$49.3 bp −$9325.8 bp −$2,576doesn't fit
Sell Aftermath Perps no order-book sample—————
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−0.1256%1h93.812+0.031%$199K$230K7xas long as short
Aftermath Perps HYPEUSDshort−0.0400%1h93.863+0.085%$22K$22K10x
Arcus HYPE-USDlong−0.0233%1h93.783long leg$1.2M$3.8M10x
Ondo Perps HYPE-USD.P−0.0111%1h93.820+0.039%$705K$917K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.927+0.154%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.894+0.118%$86K$368K20xas long as short
Orderly PERP_HYPE_USDC−0.0003%4h93.918+0.144%$170K$590K20xas long as short
dYdX HYPE-USD0.0000%1h93.941+0.169%$128K$30K5xas long as short
Perpl HYPE0.0000%43m93.939+0.166%$23K$329K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.933+0.160%$27K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix HYPE+0.0009%1h93.919+0.145%$217K$1.2M10xas long as short
Derive HYPE-PERP+0.0011%1h93.847+0.068%$16.4M$7.1M10xas long as short
Aster HYPEUSDT+0.0015%4h93.900+0.125%$8.9M$36.1M300xas long as short
Bybit HYPEUSDT+0.0021%8h93.910+0.135%$323.1M$284.0M75xas long as short
Phemex HYPEUSDT+0.0041%8h93.840+0.061%$12.8M$2.6M50xas long as short
Binance HYPEUSDT+0.0051%4h93.915+0.141%$383.9M$898.3M75xas long as short
MEXC HYPE_USDT+0.0054%4h93.876+0.099%$88.4M$82.2M100xas long as short
edgeX HYPEUSDC+0.0061%4h93.800+0.019%$5.1M$29.6M30xas long as short
Popdex HYPEUSDT+0.0064%1h93.892+0.116%$60K$1.2M50xas long as short
Gate HYPE_USDT+0.0072%4h93.876+0.099%$44.1M$59.9M75xas long as short
Bullet HYPE-USD+0.0087%1h93.899+0.124%$113K$578K20xas long as short
OKX HYPE-USDT-SWAP+0.0090%8h93.915+0.141%$115.8M$322.9M50xas long as short
Lighter HYPE+0.0096%1h93.942+0.169%$18.9M$60.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.940+0.167%$3.1M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.890+0.114%$399K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.922+0.148%$341K$171K20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.870+0.093%$38K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.912+0.138%$5.7M$44.4M10xas long as short
Hyperliquid HYPE+0.0100%1h94.007+0.239%$2.04B$679.0M10xas long as short
Pacifica HYPE+0.0100%1h93.906+0.131%$10.1M$14.5M20xas long as short
Bulk HYPE-USD+0.0100%1h93.889+0.113%$205K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.888+0.112%$46.5M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.934+0.161%$227.5M$102.3M75xas long as short
BingX HYPE-USDT+0.0100%4h93.874+0.097%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.927+0.154%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.811+0.030%$31.2M$54.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.855+0.077%$7.6M$45.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.859+0.081%$359K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.889+0.113%$679K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.946+0.174%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.965+0.194%$472K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.909+0.134%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h93.977+0.207%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.891+0.115%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.669%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.862+0.084%$18.3M$42.8M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h94.010+0.242%$4.9M$5.7M50xas long as short
Kalshi KXHYPEPERP+0.0154%8h93.929+0.156%$1.9M$5.0M2.3xas long as short
HTX HYPE-USDT+0.0192%4h94.063+0.299%$1.5M$7.8M75xas long as short
BloFin HYPE-USDT+0.0212%4h93.801+0.019%$16.9M$12.6M75xas long as short
Reya HYPERUSDPERP+0.0249%1h93.932+0.159%$77K$142K15xas long as short
RISEx HYPE/USDC+0.0284%1h93.936+0.163%$2.8M$6.8M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0303%1h94.001+0.232%$7.5M$4.6M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0163%1h93.924+0.150%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0577%1h94.004+0.236%$21.0M$29.5M50xas long as short