Funding arb · Price arb /

HYPE

all HYPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%

Price spread now: KuCoin against Bitget+0.011%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$400.395% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 7 days−0.001%$0 · spread now +0.011%, 7d avg +0.013%

Together, before fees+0.062%+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HYPEUSDT	92.487	0.0100	pay 0.0050% / 4h	50m 54s	$223.8M	$97.5M	75x
Short	KuCoin HYPEUSDTM	92.497	0.0100	get 0.0050% / 4h	50m 54s	$45.8M	$18.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee BitgetbpFee KuCoinbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → +0.013%: −$0.17
Slippage, 4 orders: −$15.53
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$39.71
Costs to cover: 0.395%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; KuCoin: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 3 min ago	0.27 bp	8.2 bp −$8	13.3 bp −$133	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	0.22 bp	12.6 bp −$13	16.2 bp −$162	doesn't fit	doesn't fit

HYPE on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus HYPE-USD	−0.0948%	1h	92.414	−0.079%	$1.2M	$3.8M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0760%	1h	92.788	+0.325%	$195K	$227K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0110%	1h	92.696	+0.226%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSD	−0.0104%	1h	92.530	+0.046%	$86K	$351K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.555	+0.074%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0066%	4h	92.470	−0.018%	$157K	$663K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0059%	1h	92.720	+0.252%	$699K	$1.1M	10x	as long as short
Bullet HYPE-USD	−0.0052%	1h	92.518	+0.034%	$110K	$579K	20x	as long as short
Aster HYPEUSDT	−0.0003%	4h	92.481	−0.006%	$8.7M	$36.2M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.516	+0.031%	$127K	$31K	5x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	92.520	+0.036%	$23K	$309K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.520	+0.036%	$62K	—	150x	as long as short
Derive HYPE-PERP	+0.0020%	1h	92.434	−0.057%	$16.0M	$7.5M	10x	as long as short
BingX HYPE-USDT	+0.0032%	4h	92.493	+0.006%	—	$53.2M	—	as long as short
Phemex HYPEUSDT	+0.0033%	8h	92.492	+0.005%	$12.5M	$2.7M	50x	as long as short
Bybit HYPEUSDT	+0.0038%	8h	92.470	−0.018%	$317.4M	$279.2M	75x	as long as short
Phoenix HYPE	+0.0043%	1h	92.855	+0.398%	$211K	$1.2M	10x	as long as short
Gate HYPE_USDT	+0.0048%	4h	92.436	−0.055%	$44.4M	$54.5M	75x	as long as short
Popdex HYPEUSDT	+0.0072%	1h	92.529	+0.045%	$67K	$1.2M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0074%	8h	92.480	−0.008%	$113.1M	$300.8M	50x	as long as short
Binance HYPEUSDT	+0.0079%	4h	92.485	−0.002%	$371.8M	$892.7M	75x	as long as short
MEXC HYPE_USDT	+0.0084%	4h	92.505	+0.019%	$87.6M	$80.2M	100x	as long as short
Paradex HYPE-USD-PERP	+0.0092%	8h	92.546	+0.064%	$338K	$162K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.484	−0.003%	$16.0M	$62.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.495	+0.009%	$3.1M	$11.6M	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	92.530	+0.046%	$14K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.525	+0.041%	$5.8M	$43.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.506	+0.020%	$2.01B	$658.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.552	+0.071%	$10.0M	$14.9M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.800	+0.338%	$202K	$13K	10x	as long as short
KuCoin HYPEUSDTMshort	+0.0100%	4h	92.497	+0.011%	$45.8M	$18.3M	75x
Bitget HYPEUSDTlong	+0.0100%	4h	92.487	long leg	$223.8M	$97.5M	75x
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.435	−0.056%	$7.4M	$10.0M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.469	−0.020%	$28.5M	$57.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.799	+0.337%	$7.5M	$45.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.847	+0.389%	$339K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.793	+0.331%	$665K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.585	+0.106%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.546	+0.064%	$467K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.586	+0.107%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.493	+0.006%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.650	+0.176%	$1.4M	$6.2M	75x	as long as short
edgeX HYPEUSDC	+0.0103%	4h	92.776	+0.312%	$5.1M	$29.2M	30x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.460	−0.029%	$18.1M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.474	−0.014%	$391K	$164K	20x	as long as short
Injective HYPE/USDC PERP	+0.0150%	1h	92.430	−0.062%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0160%	1h	92.550	+0.068%	$4.7M	$5.5M	50x	as long as short
Reya HYPERUSDPERP	+0.0260%	1h	92.515	+0.031%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0263%	8h	92.559	+0.078%	$1.8M	$5.4M	2.3x	as long as short
BloFin HYPE-USDT	+0.0317%	4h	92.544	+0.062%	$16.8M	$11.5M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0153%	1h	92.537	+0.054%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0332%	1h	92.558	+0.076%	$20.6M	$30.3M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0442%	1h	92.587	+0.108%	$7.5M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0687%	1h	92.603	+0.126%	$3.1M	$6.4M	20x	as long as short
Bluefin HYPE-PERP	+0.1344%	1h	92.483	−0.004%	$78K	$169K	20x	as long as short