Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

HYPE

All HYPE markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
AvantisHYPE/USD
85.986L +0.0049S +0.0229pay 0.0006% / 1h45m 35s$54K—20xLong Avantis
SHORT
Variational OmniHYPE
85.94700.0000% / 8h1h 45m$30.6M$52.8M50xShort Variational Omni+15% pts
Price gap−0.046%50s
Funding gap−0.0049% /8h

Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.046% under zero (no 7-day history yet). Swap the legs.

The two prices were read 50 s apart: part of this gap may be the market moving.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$25−0.0049% /8h now · paid −0.255% over the last 7D
Price—spread −0.046%50s now · prices read too far apart to compare
Costsno datano order book for Avantis
Result, before costs—+ Points / potential airdropAvantis: Season 3 · Variational Omni: points · farm boardneeds both prices read together

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now−0.046%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

HYPE on 55 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Note: Order book unknown—
    No order-book sample for Avantis: its slippage is not counted.
  • Note: Margin at max leverage$500 + $200
    Avantis 20x, Variational Omni 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$1.47Long Avantis: 24 payments, −$1.47; short Variational Omni: 3 payments, $0.00.
  • Watch: Prices read 50 s apart−0.046% vs —
    Part of this gap may be the market moving.
  • Watch: Long leg is thinner$54K vs $30.6M OI
    Avantis sets your exit cost. Check its book before closing.
  • OK: Points on a legAvantis Season 3 · Variational Omni points
    Volume here counts toward the points program.
  • OK: No KYC on either legAvantis No · Variational Omni No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0121%/8h × 21 periods−$25.50
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for Avantis—
Fee Avantis bp × 2 orders−$9.00
Fee Variational Omni bp × 2 orders$0.00
Net, fees only · 7 days · $10k−$34.50
price spread not counted: prices read too far apart
Costs to cover0.090%Break-evennever at this rate
Slippage: Avantis: no order-book sample; Variational Omni: RFQ quote, 2 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGAvantis—————
SELL · SHORTVariational Omni0.471.3 bp−$12.1 bp−$2122.4 bp−$2,237doesn’t fit

Closing costs about the same again.
Avantis: no data.

Alert

HYPE news

posts that mention HYPE, from every exchangeSearch all news →
09-29 15:00Coinbase InternationalOtherAssets you swore you'd never sell: - HYPE - ZEC Assets you can now instantly borrow up to $100k against instead of selling: - HYPE - ZEC Guess that works out. @coinbase on X ↗
09-29 14:58BingXContestYour next trade could come with extra rewards 😎 Share a 200,000 USDT prize pool, with up to 500 USDT per trader. New users can claim 15 USDT trading BTC, ETH or HYPE, plus daily trading rewards of 15 USDT. Join on BingX before Oct 7👇 @BingXOfficial on X ↗
09-28 18:50AevoOtherbitcoin:native is back near $83k after trading above $86k last week. Whether you trade the continuation or pullback, all options and this week’s Perp Majors count toward the volume requirement for our year-end reward. This week’s Perp Majors include: BTC, ETH, SOL, ZEC, NEAR, HYPE, LIT, SPY, QQQ, HOOD, SNDK, MU, NVDA, TSLA, GOOGL. @aevoxyz on X ↗
09-28 15:17OKXOtherNew X Drops just went live in Europe. Trade XDP, HYPE, TAO, LINK, PUMP, UNI, LTC, DOGE, FET, or AAVE for a share of 23M $XDP. $XDP trades get a 3× boost. @okx on X ↗
09-24 07:40BinanceListingBinance will list @HyperliquidX (HYPE) with the Seed Tag applied. More info → @binance on X ↗
09-23 06:39BitgetOther$HYPE just hit a new ATH near $98, gaining ~5% over the past 24 hours. The move comes as Payward plans to bring regulated onchain perpetual futures to U.S. traders via @HyperliquidX. @bitget on X ↗