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 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%
Price spread now: ApeX Omni against Backpack+0.012%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$270.271% of the position
Long on BackpackShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 7 days−0.050%−$5 on $10k
Price spread, last 3 days (all we have)+0.033%+$3 · spread now +0.012%, 7d avg −0.015%
Together, before fees−0.017%−$2 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: ApeX Omni is 0.027% dearer against Backpack than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack HYPE_USDC_PERP93.9240.0100pay 0.0013% / 1h33m 28s$7.9M$10.5M20x
ShortApeX Omni HYPEUSDT93.9350.0100get 0.0013% / 1h33m 28s$341K$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Backpack. 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: +0.012% → −0.015%
$2.72
Slippage, 4 orders
−$7.11
Fee Backpack: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$24.39
Costs to cover
0.271%
Break-even
never at this rate
Slippage from Backpack: live order book, 1 min ago; ApeX Omni: live order book, 1 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 Backpack live order book, 1 min ago0.05 bp5.1 bp −$58.2 bp −$82156.2 bp −$15.6Kdoesn't fit
Sell ApeX Omni live order book, 1 min ago3.46 bp8.5 bp −$811.9 bp −$119doesn'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−0.0768%1h93.809−0.123%$199K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0376%1h94.025+0.107%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.715−0.223%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.835−0.095%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0042%1h93.730−0.207%$704K$909K10xas long as short
01 Exchange HYPEUSD−0.0016%1h93.773−0.161%$87K$366K20xas long as short
Derive HYPE-PERP−0.0004%1h93.850−0.078%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.839−0.091%$128K$30K5xas long as short
Perpl HYPE0.0000%43m93.829−0.102%$23K$328K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.785−0.148%$26K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_HYPE_USDC+0.0005%4h93.919−0.005%$164K$579K20xas long as short
Phoenix HYPE+0.0009%1h94.133+0.223%$215K$1.2M10xas long as short
Bybit HYPEUSDT+0.0020%8h93.780−0.153%$322.7M$282.7M75xas long as short
Aster HYPEUSDT+0.0029%4h93.824−0.106%$8.9M$35.9M300xas long as short
Phemex HYPEUSDT+0.0061%8h93.961+0.039%$12.8M$2.6M50xas long as short
Binance HYPEUSDT+0.0064%4h93.802−0.130%$383.7M$892.9M75xas long as short
MEXC HYPE_USDT+0.0064%4h93.798−0.134%$87.5M$81.6M100xas long as short
Gate HYPE_USDT+0.0078%4h93.824−0.106%$44.3M$58.8M75xas long as short
edgeX HYPEUSDC+0.0081%4h94.027+0.109%$5.1M$29.8M30xas long as short
Lighter HYPE+0.0096%1h93.871−0.057%$18.9M$59.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.851−0.078%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.797−0.135%$63K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.923−0.001%$400K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.799−0.133%$341K$171K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.820−0.111%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.778−0.156%$5.7M$44.3M10xas long as short
Pacifica HYPE+0.0100%1h93.840−0.089%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.785−0.148%$115.6M$319.6M50xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.815−0.116%$47.2M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.802−0.130%$227.1M$102.7M75xas long as short
BingX HYPE-USDT+0.0100%4h93.780−0.153%—$54.0M—as long as short
Backpack HYPE_USDC_PERPlong+0.0100%1h93.924long leg$7.9M$10.5M20x
Variational Omni HYPE+0.0100%8h93.974+0.053%$31.3M$54.0M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.053+0.137%$7.6M$45.0M10xas long as short
ApeX Omni HYPEUSDTshort+0.0100%1h93.935+0.012%$341K$1.1M50x
StandX HYPE-USD+0.0100%1h93.988+0.068%$680K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.863−0.065%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.817−0.114%$490K$2.5M20xas long as short
Bullet HYPE-USD+0.0100%1h93.800−0.132%$112K$578K20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.907−0.018%$76K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h93.968+0.047%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.915−0.010%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h94.120+0.209%$205K$7K10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.517%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.777−0.156%$18.4M$42.8M50xas long as short
Kalshi KXHYPEPERP+0.0135%8h94.047+0.131%$1.9M$5.0M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.990+0.070%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0221%4h94.140+0.230%$1.5M$7.8M75xas long as short
Reya HYPERUSDPERP+0.0249%1h93.799−0.134%$77K$142K15xas long as short
BloFin HYPE-USDT+0.0264%4h93.962+0.040%$17.0M$12.6M75xas long as short
RISEx HYPE/USDC+0.0284%1h93.852−0.077%$2.8M$6.9M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0163%1h93.939+0.016%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0346%1h94.023+0.105%$7.4M$4.6M50xas long as short
Hyperliquid HYPE+0.0355%1h93.879−0.048%$2.04B$670.5M10xas long as short
Kraken Futures PF_HYPEUSD+0.0577%1h94.017+0.099%$21.0M$29.3M50xas long as short