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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%
Price spread now: Vest against BingX+0.034%51s7-day average +0.013% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.067%−$7 on $10k
Price spread, last 4 days (all we have)+0.222%+$22 · spread now +0.034%, 7d avg +0.013%
Together, before fees+0.155%+ Points / potential airdropVest: Active · farm board+$16 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: Vest is 0.021% dearer against BingX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.013%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX HYPE-USDT93.0710.0100pay 0.0050% / 4h3h 11m$53.9M
ShortVest HYPE-PERP93.1030.0100get 0.0013% / 1h11m 43s$243K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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: +0.034% → +0.013%
$2.11
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Vest: 1 bp × 2 orders
−$2
Net
−$9.89
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 12 min ago; Vest: no order-book sample. Net counts fees only.

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, 12 min ago0.11 bp5.7 bp −$66.7 bp −$6711.4 bp −$1,13715.4 bp −$7,703
Sell Vest no order-book sample
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.1800%1h93.146+0.080%$194K$231K7xas long as short
Aftermath Perps HYPEUSD−0.0310%1h93.023−0.052%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h93.045−0.028%$1.1M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.086+0.016%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0053%4h93.023−0.052%$146K$674K20xas long as short
dYdX HYPE-USD0.0000%1h93.075+0.005%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.065−0.006%$22K$293K10xas long as short
Ondo Perps HYPE-USD.P+0.0001%1h92.970−0.109%$700K$1.1M10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.055−0.017%$62K150xas long as short
Bullet HYPE-USD+0.0012%1h93.017−0.058%$111K$578K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange HYPEUSD+0.0024%1h93.058−0.014%$87K$365K20xas long as short
Phoenix HYPE+0.0026%1h93.056−0.016%$208K$1.2M10xas long as short
Bybit HYPEUSDT+0.0027%8h93.060−0.012%$317.5M$284.3M75xas long as short
Phemex HYPEUSDT+0.0029%8h93.021−0.054%$12.6M$2.7M50xas long as short
Bitget HYPEUSDT+0.0036%4h93.076+0.005%$225.2M$98.8M75xas long as short
Popdex HYPEUSDT+0.0048%1h93.031−0.043%$76K$1.1M50xas long as short
Gate HYPE_USDT+0.0054%4h93.039−0.034%$45.4M$54.7M75xas long as short
edgeX HYPEUSDC+0.0094%4h93.059−0.013%$4.9M$29.8M30xas long as short
Paradex HYPE-USD-PERP+0.0096%8h93.109+0.041%$339K$162K20xas long as short
Lighter HYPE+0.0096%1h93.063−0.008%$16.0M$62.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.073+0.002%$3.1M$11.6M20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.020−0.055%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.065−0.006%$6.8M$46.5M10xas long as short
Hyperliquid HYPE+0.0100%1h93.100+0.031%$2.03B$670.0M10xas long as short
Aster HYPEUSDT+0.0100%4h93.058−0.014%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.103+0.035%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h93.077+0.006%$373.6M$909.7M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.078+0.008%$113.9M$305.3M50xas long as short
Bulk HYPE-USD+0.0100%1h93.125+0.058%$203K$3K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.065−0.006%$91.5M$81.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.062−0.010%$46.1M$18.5M75xas long as short
BingX HYPE-USDTlong+0.0100%4h93.071long leg$53.9M
Backpack HYPE_USDC_PERP+0.0100%1h93.070−0.001%$7.3M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h92.999−0.078%$28.6M$56.8Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.078+0.008%$7.5M$46.7M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.266+0.210%$342K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.057−0.015%$665K$2.9M20xas long as short
Vest HYPE-PERPshort+0.0100%1h93.103+0.034%$243K5x
Polymarket Perps HYPE-USD+0.0100%1h93.058−0.014%$488K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.046−0.027%$79K$167K20xas long as short
Derive HYPE-PERP+0.0100%1h93.024−0.050%$16.0M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.094+0.025%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.037−0.037%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h93.167+0.103%$1.4M$6.3M75xas long as short
Extended HYPE-USD+0.0104%1h93.004−0.072%$18.1M$43.5M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.036−0.037%$393K$164K20xas long as short
Kalshi KXHYPEPERP+0.0126%8h93.097+0.028%$1.8M$5.5M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.220+0.160%$4.7M$5.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0196%1h93.120+0.053%$20.7M$29.5M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h93.410+0.364%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0266%1h93.019−0.056%$79K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h93.053−0.019%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.113+0.045%$16.8M$11.8M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0491%1h93.135+0.069%$7.5M$4.5M50xas long as short
RISEx HYPE/USDC+0.0598%1h93.100+0.031%$3.2M$6.3M20xas long as short