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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0348%/8h= −38.1% APRpaid last 24h −0.120%
Price spread now: Hotstuff against BloFin−0.003%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin HYPE-USDT93.3160.0268pay 0.0134% / 4h1h 12m$16.8M$12.4M75x
ShortHotstuff HYPE-PERP93.313−0.0080pay 0.0010% / 1h12m 26s$3K$33125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against BloFin. 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
−$73.08
Price spread: −0.003% → 0.000%
−$0.32
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$90.4
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 6 min ago; Hotstuff: 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 6 min ago0.11 bp6.1 bp −$66.9 bp −$6910.8 bp −$1,084doesn't fit
Sell Hotstuff no order-book sample
Hotstuff: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps HYPEUSD−0.0450%1h93.258−0.062%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0376%1h93.322+0.007%$197K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.251−0.070%$1.2M$3.9M10xas long as short
Ondo Perps HYPE-USD.P−0.0122%1h93.260−0.060%$699K$933K10xas long as short
Hotstuff HYPE-PERPshort−0.0080%1h93.313−0.003%$3K$33125x
01 Exchange HYPEUSD−0.0024%1h93.348+0.034%$91K$359K20xas long as short
dYdX HYPE-USD0.0000%1h93.308−0.009%$127K$32K5xas long as short
Popdex HYPEUSDT0.0000%1h93.317+0.001%$57K$1.2M50xas long as short
Perpl HYPE0.0000%43m93.310−0.006%$23K$330K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.351+0.038%$27K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0004%4h93.321+0.006%$8.9M$35.8M300xas long as short
Orderly PERP_HYPE_USDC+0.0019%4h93.339+0.025%$176K$524K20xas long as short
Bybit HYPEUSDT+0.0022%8h93.310−0.006%$323.2M$283.8M75xas long as short
Phoenix HYPE+0.0034%1h93.249−0.072%$214K$1.2M10xas long as short
Bullet HYPE-USD+0.0042%1h93.323+0.007%$112K$578K20xas long as short
Derive HYPE-PERP+0.0047%1h93.257−0.063%$16.3M$7.0M10xas long as short
Gate HYPE_USDT+0.0062%4h93.313−0.003%$44.0M$58.7M75xas long as short
MEXC HYPE_USDT+0.0066%4h93.321+0.005%$90.2M$82.3M100xas long as short
Binance HYPEUSDT+0.0067%4h93.323+0.008%$383.1M$889.8M75xas long as short
edgeX HYPEUSDC+0.0085%4h93.171−0.155%$5.1M$29.7M30xas long as short
Lighter HYPE+0.0096%1h93.369+0.057%$18.6M$59.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.352+0.039%$3.1M$12.2M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.315−0.001%$397K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.319+0.003%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.300−0.017%$35K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.322+0.006%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.353+0.040%$2.03B$669.9M10xas long as short
Pacifica HYPE+0.0100%1h93.343+0.029%$10.0M$14.4M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.309−0.008%$114.3M$313.3M50xas long as short
Bulk HYPE-USD+0.0100%1h93.232−0.090%$204K$8K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.333+0.018%$47.0M$18.7M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.345+0.031%$226.4M$102.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.322+0.006%$53.7Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.339+0.025%$7.9M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.203−0.121%$29.0M$50.5Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.199−0.125%$7.5M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.153−0.175%$414K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.317+0.001%$675K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.355+0.042%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.351+0.038%$494K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.321+0.005%$75K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.349+0.035%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.310−0.006%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.278−0.041%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.284−0.035%$18.2M$41.7M50xas long as short
Kalshi KXHYPEPERP+0.0119%8h93.367+0.055%$1.9M$5.2M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.440+0.133%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0229%4h93.513+0.211%$1.5M$7.7M75xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.420+0.111%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0247%1h93.322+0.007%$77K$159K15xas long as short
BloFin HYPE-USDTlong+0.0268%4h93.316long leg$16.8M$12.4M75x
RISEx HYPE/USDC+0.0280%1h93.373+0.061%$2.7M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.349+0.035%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0371%1h93.407+0.098%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.439+0.132%$20.9M$29.0M50xas long as short