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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.016%
Price spread now: Pacifica against BingX+0.047%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$200.199% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.008%−$1 on $10k
Price spread, last 7 days−0.056%−$6 · spread now +0.047%, 7d avg +0.007%
Together, before fees−0.065%+ Points / potential airdropPacifica: Active · farm board−$6 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: Pacifica is 0.040% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX HYPE-USDT93.3390.0100pay 0.0050% / 4h2h 43m$53.8M
ShortPacifica HYPE93.3830.0100get 0.0013% / 1h43m 40s$10.1M$15.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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: +0.047% → +0.007%
$3.99
Slippage, 4 orders
−$1.87
Fee BingX: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$15.88
Costs to cover
0.199%
Break-even
never at this rate
Slippage from BingX: live order book, 5 min ago; Pacifica: live order book, just now.

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, 5 min ago0.16 bp5.7 bp −$68.4 bp −$8412.5 bp −$1,24915.9 bp −$7,960
Sell Pacifica live order book, just now0.21 bp4.6 bp −$5doesn'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−0.1808%1h93.315−0.025%$196K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0376%1h93.515+0.188%$22K$21K10xas long as short
Bullet HYPE-USD−0.0083%1h93.374+0.038%$111K$578K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.433+0.101%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0026%4h93.371+0.034%$146K$663K20xas long as short
01 Exchange HYPEUSD−0.0024%1h93.364+0.027%$87K$366K20xas long as short
Ondo Perps HYPE-USD.P−0.0006%1h93.390+0.055%$702K$1.2M10xas long as short
dYdX HYPE-USD0.0000%1h93.409+0.075%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.433+0.100%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.420+0.087%$62K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus HYPE-USD+0.0011%1h93.319−0.021%$1.0M$3.9M10xas long as short
Bitget HYPEUSDT+0.0018%4h93.3390.000%$225.8M$98.8M75xas long as short
Bybit HYPEUSDT+0.0023%8h93.329−0.011%$317.3M$283.6M75xas long as short
Phoenix HYPE+0.0026%1h93.637+0.319%$209K$1.2M10xas long as short
Phemex HYPEUSDT+0.0028%8h93.402+0.067%$12.6M$2.7M50xas long as short
edgeX HYPEUSDC+0.0081%4h93.544+0.220%$5.0M$30.0M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.414+0.081%$340K$162K20xas long as short
Lighter HYPE+0.0096%1h93.392+0.057%$16.1M$63.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.393+0.058%$3.1M$11.4M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.333−0.006%$77K$1.1M50xas long as short
Katana Perps HYPE-USD+0.0099%8h93.350+0.012%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.425+0.093%$7.9M$48.5M10xas long as short
Hyperliquid HYPE+0.0100%1h93.449+0.118%$2.03B$668.2M10xas long as short
Aster HYPEUSDT+0.0100%4h93.356+0.019%$8.7M$36.4M300xas long as short
Pacifica HYPEshort+0.0100%1h93.383+0.047%$10.1M$15.4M20x
Binance HYPEUSDT+0.0100%4h93.346+0.007%$374.3M$912.0M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.340+0.001%$114.6M$309.1M50xas long as short
Bulk HYPE-USD+0.0100%1h93.614+0.295%$204K$3K10xas long as short
Gate HYPE_USDT+0.0100%4h93.3390.000%$46.5M$54.0M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.357+0.019%$91.6M$80.3M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.400+0.065%$46.1M$18.9M75xas long as short
BingX HYPE-USDTlong+0.0100%4h93.339long leg$53.8M
Backpack HYPE_USDC_PERP+0.0100%1h93.417+0.084%$7.3M$10.9M20xas long as short
Variational Omni HYPE+0.0100%8h93.419+0.085%$28.7M$56.6Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.468+0.138%$7.5M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.540+0.215%$343K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.479+0.150%$669K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.477+0.148%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.438+0.106%$490K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.389+0.054%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.377+0.040%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.391+0.056%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.394+0.059%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.615+0.296%$1.4M$6.4M75xas long as short
Extended HYPE-USD+0.0104%1h93.316−0.024%$18.2M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.392+0.057%$395K$161K20xas long as short
Kalshi KXHYPEPERP+0.0105%8h93.481+0.152%$1.8M$5.6M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.410+0.076%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.460+0.130%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0268%1h93.386+0.050%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.418+0.085%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.426+0.093%$16.9M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0341%1h93.458+0.128%$20.8M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0403%1h93.488+0.160%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.412+0.078%$3.2M$6.3M20xas long as short