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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.016%
Price spread now: Extended against Bitget−0.043%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$230.233% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.094%+$9 on $10k
Price spread, last 7 days+0.035%+$3 · spread now −0.043%, 7d avg −0.018%
Together, before fees+0.129%+ Points / potential airdropExtended: Active · farm board+$13 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: Extended is 0.025% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget HYPEUSDT93.4560.0100pay 0.0050% / 4h2h 33m$226.1M$100.4M75x
ShortExtended HYPE-USD93.4160.0104get 0.0013% / 1h33m 06s$18.4M$44.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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
$0.84
Price spread: −0.043% → −0.018%
−$2.5
Slippage, 4 orders
−$6.28
Fee Bitget: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$24.94
Costs to cover
0.233%
Break-even
214.9 days
Slippage from Bitget: live order book, 1 min ago; Extended: live order book, 6 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 Bitget live order book, 1 min ago0.05 bp9.1 bp −$914.2 bp −$142doesn't fitdoesn't fit
Sell Extended live order book, 6 min ago0.05 bp2.6 bp −$34.3 bp −$4323.3 bp −$2,327doesn't fit

HYPE on 54 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−0.0904%1h93.476+0.022%$196K$231K7xas long as short
Arcus HYPE-USD−0.0786%1h93.285−0.183%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0167%1h93.383−0.078%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0117%1h93.350−0.113%$698K$986K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.559+0.110%$3K$33125xas long as short
Phemex HYPEUSDT−0.0077%8h93.417−0.042%$12.7M$2.7M50xas long as short
Gate HYPE_USDT−0.0070%4h93.440−0.017%$44.3M$54.6M75xas long as short
Backpack HYPE_USDC_PERP−0.0068%1h93.397−0.063%$7.8M$10.4M20xas long as short
01 Exchange HYPEUSD−0.0064%1h93.429−0.029%$85K$353K20xas long as short
Orderly PERP_HYPE_USDC−0.0057%4h93.410−0.049%$156K$652K20xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0019%4h93.474+0.019%$8.9M$36.2M300xas long as short
dYdX HYPE-USD0.0000%1h93.439−0.018%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.410−0.049%$22K$331K10xas long as short
BingX HYPE-USDT+0.0002%4h93.432−0.026%$53.8Mas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.440−0.017%$26K150xas long as short
Bybit HYPEUSDT+0.0002%8h93.494+0.041%$321.2M$285.1M75xas long as short
MEXC HYPE_USDT+0.0050%4h93.431−0.027%$88.0M$82.7M100xas long as short
Binance HYPEUSDT+0.0054%4h93.470+0.015%$380.2M$905.5M75xas long as short
edgeX HYPEUSDC+0.0059%4h93.458+0.002%$5.1M$30.0M30xas long as short
Bullet HYPE-USD+0.0059%1h93.438−0.019%$112K$578K20xas long as short
Phoenix HYPE+0.0060%1h93.170−0.306%$210K$1.2M10xas long as short
OKX HYPE-USDT-SWAP+0.0065%8h93.511+0.059%$114.9M$315.3M50xas long as short
Derive HYPE-PERP+0.0076%1h93.401−0.059%$16.2M$7.7M10xas long as short
Paradex HYPE-USD-PERP+0.0094%8h93.458+0.002%$339K$165K20xas long as short
Lighter HYPE+0.0096%1h93.436−0.021%$16.4M$62.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.430−0.028%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.385−0.076%$66K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.435−0.023%$397K$177K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.350−0.113%$21K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.379−0.082%$5.7M$45.2M10xas long as short
Hyperliquid HYPE+0.0100%1h93.527+0.076%$2.04B$670.1M10xas long as short
Pacifica HYPE+0.0100%1h93.451−0.005%$10.0M$14.8M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.439−0.018%$46.0M$18.3M75xas long as short
Bitget HYPEUSDTlong+0.0100%4h93.456long leg$226.1M$100.4M75x
Variational Omni HYPE+0.0100%8h93.411−0.049%$31.0M$54.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.516+0.064%$7.5M$48.3M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.468+0.013%$338K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.511+0.059%$667K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.501+0.048%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.438−0.019%$468K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.428−0.030%$79K$173K20xas long as short
SunX HYPE-USDT+0.0100%4h93.499+0.046%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.432−0.026%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.348−0.116%$203K$10K10xas long as short
Extended HYPE-USDshort+0.0104%1h93.416−0.043%$18.4M$44.5M50x
Coinbase International HYPE-PERP-INTX+0.0136%1h93.440−0.017%$4.9M$5.6M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.490+0.036%$30K$339K12xas long as short
RISEx HYPE/USDC+0.0210%1h93.442−0.015%$2.7M$6.7M20xas long as short
HTX HYPE-USDT+0.0218%4h93.571+0.123%$1.4M$6.2M75xas long as short
Reya HYPERUSDPERP+0.0254%1h93.408−0.052%$79K$142K15xas long as short
Kalshi KXHYPEPERP+0.0266%8h93.577+0.129%$1.9M$5.1M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0334% / S −0.0158%1h93.449−0.008%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0445%1h93.531+0.080%$7.5M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0682%1h93.528+0.077%$20.9M$30.1M50xas long as short