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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.014%
Price spread now: SoDEX against Bitget−0.022%7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$310.307% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.027%+$3 on $10k
Price spread, last 3 days (all we have)+0.050%+$5 · spread now −0.022%, 7d avg +0.020%
Together, before fees+0.077%+$8 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: SoDEX is 0.043% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget HYPEUSDT93.5110.0100pay 0.0050% / 4h2h 35m$227.1M$102.1M75x
ShortSoDEX HYPE-USD93.4900.0100get 0.0013% / 1h35m 17s$2.0M$2.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
Price spread: −0.022% → +0.020%
−$4.28
Slippage, 4 orders
−$10.67
Fee Bitget: 6 bp × 2 orders
−$12
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$34.95
Costs to cover
0.307%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; SoDEX: live order book, 4 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, 4 min ago0.11 bp6.6 bp −$79.9 bp −$99doesn't fitdoesn't fit
Sell SoDEX live order book, 4 min ago0.21 bp7.3 bp −$712.8 bp −$128doesn'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−0.1104%1h93.433−0.083%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0256%1h93.449−0.066%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0249%1h93.370−0.151%$701K$941K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.512+0.001%$89K$348K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.414−0.104%$3K$33125xas long as short
Bullet HYPE-USD−0.0025%1h93.459−0.055%$112K$583K20xas long as short
Derive HYPE-PERP−0.0003%1h93.437−0.079%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.485−0.028%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.463−0.051%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.518+0.007%$20K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0012%4h93.484−0.029%$8.9M$35.9M300xas long as short
Gate HYPE_USDT+0.0028%4h93.485−0.028%$44.1M$56.5M75xas long as short
Bybit HYPEUSDT+0.0037%8h93.480−0.033%$325.7M$287.3M75xas long as short
Phoenix HYPE+0.0068%1h93.464−0.050%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0070%4h93.491−0.021%$180K$529K20xas long as short
Popdex HYPEUSDT+0.0080%1h93.485−0.028%$57K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.498−0.014%$18.5M$59.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.473−0.041%$3.1M$12.3M20xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.462−0.052%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.490−0.022%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.484−0.028%$6.0M$44.2M10xas long as short
Hyperliquid HYPE+0.0100%1h93.537+0.028%$2.04B$667.9M10xas long as short
Pacifica HYPE+0.0100%1h93.491−0.021%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.491−0.022%$385.6M$888.7M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.484−0.029%$114.9M$315.3M50xas long as short
Arcus HYPE-USD+0.0100%1h93.458−0.057%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.403−0.116%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.487−0.026%$92.8M$82.0M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.498−0.014%$46.4M$18.9M75xas long as short
Bitget HYPEUSDTlong+0.0100%4h93.511long leg$227.1M$102.1M75x
BingX HYPE-USDT+0.0100%4h93.477−0.036%$54.2Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.436−0.080%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.402−0.117%$28.9M$49.8Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.494−0.018%$7.5M$45.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.482−0.031%$406K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.470−0.044%$676K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.497−0.015%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.512+0.001%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.508−0.003%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.531+0.021%$32K$1.6M20xas long as short
SoDEX HYPE-USDshort+0.0100%1h93.490−0.022%$2.0M$2.0M10x
Phemex HYPEUSDT+0.0100%8h93.407−0.111%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.479−0.034%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.509−0.002%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0113%4h93.336−0.187%$5.1M$29.5M30xas long as short
Kalshi KXHYPEPERP+0.0116%8h93.483−0.030%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.400−0.119%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.484−0.029%$78K$158K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0274%1h93.585+0.079%$7.4M$4.6M50xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.350−0.172%$30K$231K12xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0164%1h93.519+0.008%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.449−0.066%$17.1M$12.5M75xas long as short
HTX HYPE-USDT+0.0340%4h93.662+0.161%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.557+0.050%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.599+0.094%$19.2M$25.9M50xas long as short