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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.014%
Price spread now: ApeX Omni against BingX−0.056%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$310.312% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.083%+$8 on $10k
Price spread, last 3 days (all we have)+0.330%+$33 · spread now −0.056%, 7d avg +0.017%
Together, before fees+0.413%+$41 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 0.072% cheaper against BingX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX HYPE-USDT93.5340.0100pay 0.0050% / 4h2h 35m$54.2M
ShortApeX Omni HYPEUSDT93.4820.0100get 0.0013% / 1h35m 06s$406K$1.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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: −0.056% → +0.017%
−$7.24
Slippage, 4 orders
−$11.18
Fee BingX: 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$38.42
Costs to cover
0.312%
Break-even
never at this rate
Slippage from BingX: live order book, 9 min ago; ApeX Omni: 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 BingX live order book, 9 min ago0.11 bp5.1 bp −$57.9 bp −$7910.2 bp −$1,01913.8 bp −$6,911
Sell ApeX Omni live order book, 4 min ago3.16 bp10.1 bp −$1014.1 bp −$141doesn'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−0.1104%1h93.433−0.108%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0256%1h93.449−0.091%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0249%1h93.370−0.175%$701K$941K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.512−0.024%$89K$348K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.414−0.128%$3K$33125xas long as short
Bullet HYPE-USD−0.0025%1h93.459−0.080%$112K$583K20xas long as short
Derive HYPE-PERP−0.0003%1h93.437−0.103%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.485−0.053%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.463−0.076%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.518−0.018%$20K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0012%4h93.512−0.023%$8.9M$35.9M300xas long as short
Gate HYPE_USDT+0.0028%4h93.529−0.005%$44.1M$56.5M75xas long as short
Bybit HYPEUSDT+0.0037%8h93.540+0.006%$325.9M$287.3M75xas long as short
Phoenix HYPE+0.0068%1h93.464−0.075%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0070%4h93.491−0.046%$180K$529K20xas long as short
Popdex HYPEUSDT+0.0080%1h93.485−0.052%$57K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.542+0.008%$18.5M$59.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.517−0.018%$3.1M$12.3M20xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.462−0.077%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.490−0.047%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.484−0.053%$6.0M$44.2M10xas long as short
Hyperliquid HYPE+0.0100%1h93.560+0.028%$2.04B$668.1M10xas long as short
Pacifica HYPE+0.0100%1h93.491−0.046%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.536+0.002%$385.7M$888.8M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.530−0.004%$114.9M$315.5M50xas long as short
Arcus HYPE-USD+0.0100%1h93.458−0.081%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.403−0.140%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.542+0.009%$92.8M$82.0M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.498−0.038%$46.4M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.559+0.027%$227.2M$102.1M75xas long as short
BingX HYPE-USDTlong+0.0100%4h93.534long leg$54.2M
Backpack HYPE_USDC_PERP+0.0100%1h93.575+0.044%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.402−0.141%$28.9M$49.8Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.494−0.042%$7.5M$45.0M10xas long as short
ApeX Omni HYPEUSDTshort+0.0100%1h93.482−0.056%$406K$1.0M50x
StandX HYPE-USD+0.0100%1h93.470−0.068%$676K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.497−0.040%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.512−0.024%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.508−0.028%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.531−0.003%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.490−0.047%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.504−0.032%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.479−0.059%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.509−0.027%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0113%4h93.336−0.211%$5.1M$29.5M30xas long as short
Kalshi KXHYPEPERP+0.0116%8h93.598+0.068%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.400−0.143%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.484−0.053%$78K$158K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0274%1h93.585+0.055%$7.4M$4.6M50xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.350−0.197%$30K$231K12xas long as short
HTX HYPE-USDT+0.0338%4h93.662+0.137%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0164%1h93.519−0.016%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.449−0.091%$17.1M$12.5M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.557+0.025%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.599+0.070%$19.2M$25.9M50xas long as short