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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.016%
Price spread now: SunX against BingX+0.048%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$700.704% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.088%+$9 on $10k
Price spread, last 3 days (all we have)−0.032%−$3 · spread now +0.048%, 7d avg +0.076%
Together, before fees+0.056%+$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: SunX is 0.028% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.076%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX HYPE-USDT93.3980.0100pay 0.0050% / 4h2h 36m$54.2M
ShortSunX HYPE-USDT93.4430.0100get 0.0050% / 4h2h 36m$32K$1.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: +0.048% → +0.076%
−$2.8
Slippage, 4 orders
−$52.4
Fee BingX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$73.2
Costs to cover
0.704%
Break-even
never at this rate
Slippage from BingX: live order book, 8 min ago; SunX: live order book, 9 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, 8 min ago0.11 bp5.1 bp −$57.9 bp −$7910.2 bp −$1,01913.8 bp −$6,911
Sell SunX live order book, 9 min ago20.88 bp34.3 bp −$34doesn'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−0.1120%1h93.436+0.041%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0256%1h93.396−0.002%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0254%1h93.350−0.051%$701K$940K10xas long as short
01 Exchange HYPEUSD−0.0088%1h93.435+0.040%$89K$348K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.300−0.105%$3K$33125xas long as short
Bullet HYPE-USD−0.0016%1h93.392−0.007%$112K$583K20xas long as short
Derive HYPE-PERP−0.0003%1h93.345−0.056%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.485+0.093%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.417+0.020%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.424+0.027%$20K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0015%4h93.424+0.028%$8.9M$35.9M300xas long as short
Gate HYPE_USDT+0.0018%4h93.406+0.009%$44.1M$56.5M75xas long as short
Bybit HYPEUSDT+0.0035%8h93.400+0.002%$325.4M$287.4M75xas long as short
Phoenix HYPE+0.0068%1h93.527+0.138%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0070%4h93.408+0.011%$180K$529K20xas long as short
Popdex HYPEUSDT+0.0080%1h93.399+0.001%$56K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.458+0.064%$18.5M$59.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.417+0.020%$3.1M$12.3M20xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.439+0.044%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.400+0.002%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.405+0.007%$6.0M$44.2M10xas long as short
Hyperliquid HYPE+0.0100%1h93.476+0.084%$2.03B$667.9M10xas long as short
Pacifica HYPE+0.0100%1h93.427+0.031%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.411+0.014%$385.2M$888.7M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.411+0.014%$114.7M$315.2M50xas long as short
Arcus HYPE-USD+0.0100%1h93.395−0.003%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.403+0.005%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.399+0.001%$92.8M$82.0M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.406+0.009%$46.4M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.417+0.020%$226.9M$102.2M75xas long as short
BingX HYPE-USDTlong+0.0100%4h93.398long leg$54.2M
Backpack HYPE_USDC_PERP+0.0100%1h93.436+0.041%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.375−0.024%$28.9M$49.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.408+0.011%$7.5M$44.9M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.381−0.018%$405K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.490+0.099%$676K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.453+0.059%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.436+0.041%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.3980.000%$76K$168K20xas long as short
SunX HYPE-USDTshort+0.0100%4h93.443+0.048%$32K$1.6M20x
SoDEX HYPE-USD+0.0100%1h93.389−0.010%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.407+0.010%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.370−0.030%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.373−0.027%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0113%4h93.336−0.066%$5.1M$29.5M30xas long as short
Kalshi KXHYPEPERP+0.0116%8h93.483+0.091%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.400+0.002%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.397−0.001%$78K$158K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0253%1h93.491+0.100%$7.4M$4.6M50xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.330−0.073%$30K$231K12xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0164%1h93.444+0.049%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.449+0.055%$17.1M$12.5M75xas long as short
HTX HYPE-USDT+0.0340%4h93.662+0.283%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.477+0.084%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.492+0.100%$19.2M$25.9M50xas long as short