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% APRpaid last 24h +0.006%

Price spread now: Vest against Bitget−0.065%7-day average +0.018% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.093%−$9 on $10k

Price spread, last 4 days (all we have)+0.439%+$44 · spread now −0.065%, 7d avg +0.018%

Together, before fees+0.345%+ Points / potential airdropVest: Active · farm board+$35 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 0.083% cheaper against Bitget than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HYPEUSDT	92.762	0.0100	pay 0.0050% / 4h	29m 46s	$224.9M	$98.3M	75x
Short	Vest HYPE-PERP	92.702	0.0100	get 0.0013% / 1h	29m 46s	—	$243K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → +0.018%: −$8.27
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$22.27
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 4 min ago	0.05 bp	8.4 bp −$8	13.7 bp −$137	doesn't fit	doesn't fit
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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus HYPE-USD	−0.0948%	1h	92.613	−0.161%	$1.0M	$3.8M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0280%	1h	92.585	−0.190%	$194K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0194%	1h	92.455	−0.331%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.705	−0.061%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0066%	4h	92.658	−0.112%	$157K	$666K	20x	as long as short
01 Exchange HYPEUSD	−0.0048%	1h	92.711	−0.055%	$87K	$356K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.698	−0.069%	$127K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.746	−0.017%	$22K	$309K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.700	−0.067%	$62K	—	150x	as long as short
Bullet HYPE-USD	+0.0020%	1h	92.683	−0.085%	$110K	$580K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps HYPE-USD.P	+0.0020%	1h	92.560	−0.218%	$696K	$1.1M	10x	as long as short
Aster HYPEUSDT	+0.0024%	4h	92.764	+0.002%	$8.7M	$36.3M	300x	as long as short
Phemex HYPEUSDT	+0.0028%	8h	92.672	−0.097%	$12.5M	$2.7M	50x	as long as short
BingX HYPE-USDT	+0.0036%	4h	92.751	−0.012%	—	$53.4M	—	as long as short
Phoenix HYPE	+0.0043%	1h	92.278	−0.522%	$209K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0054%	8h	92.737	−0.027%	$316.8M	$281.6M	75x	as long as short
Gate HYPE_USDT	+0.0078%	4h	92.759	−0.003%	$44.5M	$55.1M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0083%	8h	92.760	−0.002%	$113.6M	$304.5M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0093%	8h	92.746	−0.018%	$339K	$163K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.761	−0.001%	$16.0M	$62.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.706	−0.060%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	92.704	−0.063%	$69K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.630	−0.142%	$38K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.731	−0.034%	$6.8M	$44.2M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.784	+0.024%	$2.02B	$666.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.736	−0.028%	$10.0M	$15.0M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.747	−0.017%	$371.9M	$903.6M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.298	−0.500%	$201K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.773	+0.012%	$87.7M	$80.7M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.760	−0.002%	$46.0M	$18.3M	75x	as long as short
Bitget HYPEUSDTlong	+0.0100%	4h	92.762	long leg	$224.9M	$98.3M	75x
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.752	−0.011%	$7.3M	$10.8M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.569	−0.208%	$28.5M	$57.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.290	−0.509%	$7.5M	$46.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.436	−0.351%	$338K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.617	−0.156%	$663K	$2.7M	20x	as long as short
Vest HYPE-PERPshort	+0.0100%	1h	92.702	−0.065%	—	$243K	5x
Polymarket Perps HYPE-USD	+0.0100%	1h	92.682	−0.086%	$465K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.681	−0.087%	$78K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.660	−0.110%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.671	−0.098%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.709	−0.057%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.818	+0.060%	$1.4M	$6.2M	75x	as long as short
edgeX HYPEUSDC	+0.0103%	4h	92.227	−0.576%	$4.9M	$29.6M	30x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.742	−0.022%	$18.1M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.691	−0.077%	$392K	$164K	20x	as long as short
Injective HYPE/USDC PERP	+0.0150%	1h	93.000	+0.257%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0160%	1h	92.700	−0.067%	$4.7M	$5.5M	50x	as long as short
Kalshi KXHYPEPERP	+0.0247%	8h	92.707	−0.059%	$1.8M	$5.4M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0261%	1h	92.659	−0.111%	$79K	$137K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0154%	1h	92.686	−0.082%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0332%	1h	92.762	0.000%	$20.6M	$30.5M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.607	−0.167%	$16.7M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0462%	1h	92.789	+0.029%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0687%	1h	92.755	−0.008%	$3.2M	$6.4M	20x	as long as short