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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%
Price spread now: StandX against Bitget−0.170%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$270.273% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.078%+$8 on $10k
Price spread, last 7 days+0.144%+$14 · spread now −0.170%, 7d avg +0.010%
Together, before fees+0.222%+ Points / potential airdropStandX: Active · farm board+$22 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: StandX is 0.180% cheaper against Bitget than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget HYPEUSDT94.0730.0100pay 0.0050% / 4h3h 42m$228.2M$101.0M75x
ShortStandX HYPE-USD93.9130.0100get 0.0013% / 1h42m 00s$679K$2.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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: −0.170% → +0.010%
−$17.99
Slippage, 4 orders
−$7.32
Fee Bitget: 6 bp × 2 orders
−$12
Fee StandX: 4 bp × 2 orders
−$8
Net
−$45.3
Costs to cover
0.273%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; StandX: live order book, 2 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, 2 min ago0.05 bp7.8 bp −$810.6 bp −$10613.5 bp −$1,347doesn't fit
Sell StandX live order book, 2 min ago1.33 bp5.3 bp −$55.6 bp −$5613.4 bp −$1,342doesn'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−0.1480%1h93.902−0.182%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.996−0.082%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0287%1h93.962−0.118%$22K$23K10xas long as short
Phemex HYPEUSDT−0.0254%8h94.095+0.023%$12.8M$2.6M50xas long as short
Ondo Perps HYPE-USD.P−0.0189%1h93.960−0.120%$703K$927K10xas long as short
Bullet HYPE-USD−0.0116%1h94.074+0.001%$113K$580K20xas long as short
Gate HYPE_USDT−0.0090%4h94.092+0.020%$44.5M$59.3M75xas long as short
01 Exchange HYPEUSD−0.0088%1h94.125+0.055%$85K$361K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.091+0.019%$3K$33125xas long as short
dYdX HYPE-USD−0.0060%1h94.085+0.013%$128K$29K5xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit HYPEUSDT−0.0038%8h94.054−0.020%$323.3M$281.3M75xas long as short
Orderly PERP_HYPE_USDC−0.0011%4h94.098+0.027%$170K$593K20xas long as short
Perpl HYPE0.0000%43m94.088+0.015%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h94.123+0.053%$27K150xas long as short
Aster HYPEUSDT+0.0014%4h94.105+0.034%$8.9M$36.1M300xas long as short
Derive HYPE-PERP+0.0021%1h94.057−0.017%$16.4M$7.1M10xas long as short
Phoenix HYPE+0.0034%1h93.915−0.168%$218K$1.2M10xas long as short
MEXC HYPE_USDT+0.0040%4h94.103+0.032%$89.0M$82.2M100xas long as short
Bluefin HYPE-PERP+0.0042%1h94.121+0.051%$76K$171K20xas long as short
Binance HYPEUSDT+0.0043%4h94.103+0.031%$384.0M$894.4M75xas long as short
edgeX HYPEUSDC+0.0051%4h93.859−0.228%$5.1M$29.9M30xas long as short
Popdex HYPEUSDT+0.0080%1h94.104+0.033%$63K$1.2M50xas long as short
OKX HYPE-USDT-SWAP+0.0081%8h94.055−0.019%$116.0M$319.5M50xas long as short
Aevo HYPE-PERP+0.0088%1h94.115+0.045%$400K$193K20xas long as short
Lighter HYPE+0.0096%1h94.156+0.088%$18.9M$58.4M20xas long as short
Lighter RH HYPE+0.0096%1h94.128+0.058%$3.1M$12.0M20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h94.140+0.071%$342K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h94.100+0.029%$24K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h94.106+0.036%$6.6M$44.8M10xas long as short
Hyperliquid HYPE+0.0100%1h94.189+0.123%$2.05B$678.0M10xas long as short
Pacifica HYPE+0.0100%1h94.115+0.044%$10.1M$14.6M20xas long as short
Bulk HYPE-USD+0.0100%1h93.816−0.273%$204K$5K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.082+0.010%$46.6M$18.2M75xas long as short
Bitget HYPEUSDTlong+0.0100%4h94.073long leg$228.2M$101.0M75x
BingX HYPE-USDT+0.0100%4h94.100+0.029%$53.9Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.092+0.020%$7.7M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.820−0.268%$31.3M$54.1Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.912−0.171%$7.6M$45.7M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.865−0.221%$340K$1.1M50xas long as short
StandX HYPE-USDshort+0.0100%1h93.913−0.170%$679K$2.4M20x
Vest HYPE-PERP+0.0100%1h94.100+0.029%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.113+0.043%$480K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h94.185+0.119%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.107+0.036%$2.0M$2.0M10xas long as short
Extended HYPE-USD+0.0104%1h94.042−0.033%$18.9M$43.5M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h94.140+0.071%$4.9M$5.5M50xas long as short
BloFin HYPE-USDT+0.0164%4h94.031−0.045%$17.0M$12.3M75xas long as short
Kalshi KXHYPEPERP+0.0184%8h94.159+0.091%$1.9M$5.1M2.3xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.260+0.199%$31K$338K12xas long as short
RISEx HYPE/USDC+0.0222%1h94.146+0.078%$2.8M$6.7M20xas long as short
Reya HYPERUSDPERP+0.0251%1h94.094+0.022%$79K$143K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0157%1h94.122+0.053%$1.5M100xas long as short
HTX HYPE-USDT+0.0403%4h94.274+0.214%$1.5M$6.3M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0472%1h94.201+0.136%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0670%1h94.212+0.148%$21.0M$29.7M50xas long as short