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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h +0.009%
Price spread now: Pacifica against Binance0.000%48s7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$200.201% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.076%−$8 on $10k
Price spread, last 7 days−0.001%$0 · spread now 0.000%, 7d avg −0.010%
Together, before fees−0.077%+ Points / potential airdropPacifica: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.076%, so the current rate has only just turned in your favour. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance HYPEUSDT93.8100.0048pay 0.0024% / 4h3h 19m$382.7M$893.7M75x
ShortPacifica HYPE93.8100.0100get 0.0013% / 1h19m 58s$10.2M$14.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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
$10.91
Price spread: 0.000% → −0.010%
$0.98
Slippage, 4 orders
−$2.14
Fee Binance: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$8.25
Costs to cover
0.201%
Break-even
12.3 days
Slippage from Binance: live order book, 9 min ago; Pacifica: live order book, 4 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 Binance live order book, 9 min ago0.05 bp6.0 bp −$68.0 bp −$8012.8 bp −$1,27923.4 bp −$11.7K
Sell Pacifica live order book, 4 min ago0.16 bp4.5 bp −$4doesn't fitdoesn'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−0.1336%1h93.984+0.186%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.698−0.119%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0196%1h94.079+0.287%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0155%1h93.910+0.107%$710K$959K10xas long as short
dYdX HYPE-USD−0.0114%1h93.863+0.057%$129K$31K5xas long as short
Bullet HYPE-USD−0.0099%1h93.819+0.010%$112K$581K20xas long as short
01 Exchange HYPEUSD−0.0088%1h93.806−0.004%$86K$360K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.802−0.008%$3K$33125xas long as short
Gate HYPE_USDT−0.0068%4h93.813+0.004%$44.4M$60.0M75xas long as short
Bybit HYPEUSDT−0.0025%8h93.820+0.011%$322.4M$280.1M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_HYPE_USDC−0.0024%4h93.797−0.013%$159K$645K20xas long as short
Phemex HYPEUSDT−0.0008%8h93.884+0.079%$12.8M$2.6M50xas long as short
Perpl HYPE0.0000%43m93.820+0.011%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.855+0.049%$27K150xas long as short
Aster HYPEUSDT+0.0013%4h93.812+0.003%$8.9M$36.1M300xas long as short
Derive HYPE-PERP+0.0017%1h93.782−0.029%$16.4M$7.3M10xas long as short
Phoenix HYPE+0.0034%1h94.149+0.362%$219K$1.2M10xas long as short
MEXC HYPE_USDT+0.0048%4h93.826+0.018%$88.5M$82.9M100xas long as short
Binance HYPEUSDTlong+0.0048%4h93.810long leg$382.7M$893.7M75x
edgeX HYPEUSDC+0.0070%4h94.065+0.272%$5.1M$30.0M30xas long as short
OKX HYPE-USDT-SWAP+0.0075%8h93.806−0.004%$115.8M$317.0M50xas long as short
Bluefin HYPE-PERP+0.0089%1h93.812+0.003%$76K$171K20xas long as short
Lighter HYPE+0.0096%1h93.868+0.062%$19.1M$60.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.861+0.055%$3.0M$12.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.818+0.009%$64K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.798−0.012%$399K$180K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.789−0.022%$341K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.850+0.043%$20K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.766−0.046%$6.6M$44.8M10xas long as short
Hyperliquid HYPE+0.0100%1h93.924+0.122%$2.05B$673.5M10xas long as short
Pacifica HYPEshort+0.0100%1h93.8100.000%$10.2M$14.6M20x
KuCoin HYPEUSDTM+0.0100%4h93.851+0.044%$46.7M$18.2M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.831+0.023%$227.5M$100.9M75xas long as short
BingX HYPE-USDT+0.0100%4h93.804−0.006%$54.0Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.832+0.024%$7.7M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.939+0.138%$31.4M$54.1Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.199+0.415%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.047+0.253%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.952+0.152%$679K$2.6M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.832+0.024%$480K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.880+0.075%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.839+0.031%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h94.151+0.364%$205K$2K10xas long as short
Vest HYPE-PERP+0.0100%1h93.864+0.057%$243K5xas long as short
Extended HYPE-USD+0.0104%1h93.795−0.015%$18.8M$44.5M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.870+0.064%$4.9M$5.5M50xas long as short
BloFin HYPE-USDT+0.0192%4h93.962+0.162%$17.0M$12.2M75xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.490+0.725%$31K$338K12xas long as short
RISEx HYPE/USDC+0.0222%1h93.859+0.053%$2.7M$6.8M20xas long as short
Kalshi KXHYPEPERP+0.0227%8h93.905+0.102%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0252%1h93.803−0.008%$79K$142K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0155%1h93.855+0.048%$1.4M100xas long as short
HTX HYPE-USDT+0.0385%4h93.958+0.158%$1.5M$6.1M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0453%1h93.937+0.136%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0672%1h93.935+0.134%$21.0M$29.7M50xas long as short