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 01:00 UTC+0.0541%/8h= +59.2% APRnext payment +$0.68 per $10,000 · paid last 24h +0.046%
Price spread now: Bullet against Arcus+0.186%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$240.240% of the position
Long on ArcusShort on Bullet
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.068%+$7 on $10k
Price spread, last 3 days (all we have)+0.057%+$6 · spread now +0.186%, 7d avg +0.062%
Together, before fees+0.125%+$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Bullet is 0.124% dearer against Arcus than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.062%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.068% in total (about 7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.68 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus HYPE-USD93.701−0.0625get 0.0078% / 1h15m 56s$1.3M$3.9M10x
ShortBullet HYPE-USD93.875−0.0085pay 0.0011% / 1h15m 56s$113K$581K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet 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
$113.51
Price spread: +0.186% → +0.062%
$12.35
Slippage, 4 orders
−$11.48
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Bullet: 4 bp × 2 orders
−$8
Net
$101.88
Costs to cover
0.240%
Break-even
0.7 days
Slippage from Arcus: live order book, 3 min ago; Bullet: live order book, 58 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 Arcus live order book, 3 min ago0.64 bp3.2 bp −$37.1 bp −$7124.4 bp −$2,436doesn't fit
Sell Bullet live order book, 58 min ago0.27 bp10.0 bp −$1014.3 bp −$143doesn'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−0.1280%1h93.530−0.182%$198K$228K7xas long as short
Arcus HYPE-USDlong−0.0625%1h93.701long leg$1.3M$3.9M10x
Aftermath Perps HYPEUSD−0.0197%1h93.835+0.143%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0134%1h93.730+0.031%$708K$958K10xas long as short
dYdX HYPE-USD−0.0103%1h93.818+0.125%$129K$31K5xas long as short
01 Exchange HYPEUSD−0.0088%1h93.855+0.164%$85K$361K20xas long as short
Bullet HYPE-USDshort−0.0085%1h93.875+0.186%$113K$581K20x
Hotstuff HYPE-PERP−0.0080%1h93.610−0.097%$3K$33125xas long as short
Phemex HYPEUSDT−0.0051%8h93.936+0.251%$12.8M$2.6M50xas long as short
Gate HYPE_USDT−0.0048%4h93.976+0.293%$44.5M$60.2M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_HYPE_USDC−0.0027%4h93.892+0.204%$159K$645K20xas long as short
Bybit HYPEUSDT−0.0013%8h93.972+0.289%$323.4M$281.2M75xas long as short
Aster HYPEUSDT−0.0004%4h93.964+0.281%$8.9M$36.2M300xas long as short
Perpl HYPE0.0000%43m93.792+0.097%$23K$326K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.926+0.240%$27K—150xas long as short
Derive HYPE-PERP+0.0009%1h93.884+0.196%$16.4M$7.3M10xas long as short
Phoenix HYPE+0.0034%1h93.678−0.025%$218K$1.2M10xas long as short
MEXC HYPE_USDT+0.0042%4h94.018+0.338%$88.6M$83.2M100xas long as short
Binance HYPEUSDT+0.0042%4h93.999+0.318%$383.4M$896.3M75xas long as short
edgeX HYPEUSDC+0.0057%4h93.961+0.278%$5.1M$30.0M30xas long as short
OKX HYPE-USDT-SWAP+0.0074%8h93.983+0.301%$116.1M$317.4M50xas long as short
Aevo HYPE-PERP+0.0088%1h93.937+0.252%$400K$180K20xas long as short
Bluefin HYPE-PERP+0.0090%1h93.939+0.254%$76K$171K20xas long as short
Lighter HYPE+0.0096%1h93.974+0.291%$19.1M$60.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.954+0.270%$3.0M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.849+0.158%$65K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.871+0.182%$341K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.830+0.138%$29K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.805+0.111%$6.6M$44.8M10xas long as short
Hyperliquid HYPE+0.0100%1h94.040+0.362%$2.05B$676.2M10xas long as short
Pacifica HYPE+0.0100%1h93.835+0.144%$10.2M$14.6M20xas long as short
Bulk HYPE-USD+0.0100%1h93.528−0.184%$204K$12K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.989+0.307%$46.8M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.994+0.313%$227.8M$101.1M75xas long as short
BingX HYPE-USDT+0.0100%4h93.983+0.301%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.963+0.280%$7.7M$10.3M20xas long as short
Variational Omni HYPE+0.0100%8h93.810+0.117%$31.4M$54.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.991+0.310%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.940+0.255%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.666−0.037%$677K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.816+0.123%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.874+0.185%$475K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h94.014+0.334%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.952+0.268%$2.0M$2.0M10xas long as short
Extended HYPE-USD+0.0104%1h93.967+0.284%$18.3M$45.5M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.980+0.298%$4.9M$5.5M50xas long as short
BloFin HYPE-USDT+0.0168%4h93.581−0.128%$17.0M$12.1M75xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.490+0.842%$31K$338K12xas long as short
RISEx HYPE/USDC+0.0222%1h93.865+0.175%$2.7M$6.8M20xas long as short
Kalshi KXHYPEPERP+0.0227%8h93.872+0.182%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0252%1h93.843+0.151%$79K$143K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0335% / S −0.0156%1h93.911+0.224%$1.4M—100xas long as short
HTX HYPE-USDT+0.0373%4h94.100+0.426%$1.5M$6.0M75xas long as short
Kraken Futures PF_HYPEUSD+0.0671%1h94.050+0.372%$21.0M$29.8M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0729%1h94.061+0.384%$7.5M$4.6M50xas long as short