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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.066%
Price spread now: Pacifica against BloFin+0.058%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$240.238% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.560%−$56 on $10k
Price spread, last 3 days (all we have)+0.128%+$13 · spread now +0.058%, 7d avg +0.014%
Together, before fees−0.433%+ Points / potential airdropPacifica: Active · farm board−$43 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Pacifica is 0.044% dearer against BloFin than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of +0.014%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 15 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin HYPE-USDT93.4080.0340pay 0.0170% / 4h2h 47m$17.1M$12.5M75x
ShortPacifica HYPE93.4620.0100get 0.0013% / 1h47m 06s$10.0M$14.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
−$50.4
Price spread: +0.058% → +0.014%
$4.37
Slippage, 4 orders
−$3.8
Fee BloFin: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$69.83
Costs to cover
0.238%
Break-even
never at this rate
Slippage from BloFin: live order book, 7 min ago; Pacifica: 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 BloFin live order book, 7 min ago0.96 bp7.1 bp −$77.8 bp −$7812.7 bp −$1,271doesn't fit
Sell Pacifica live order book, 2 min ago0.05 bp4.6 bp −$5doesn't fitdoesn'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−0.1256%1h93.344−0.068%$197K$233K7xas long as short
Ondo Perps HYPE-USD.P−0.0168%1h93.330−0.084%$700K$944K10xas long as short
Aftermath Perps HYPEUSD−0.0165%1h93.409+0.001%$22K$22K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.449+0.044%$89K$344K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.472+0.069%$3K$33125xas long as short
Bullet HYPE-USD−0.0001%1h93.419+0.011%$112K$583K20xas long as short
dYdX HYPE-USD0.0000%1h93.504+0.102%$127K$33K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.506+0.105%$1.9M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.443+0.038%$23K$343K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.465+0.061%$19K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0014%4h93.448+0.043%$8.9M$36.2M300xas long as short
Derive HYPE-PERP+0.0017%1h93.381−0.029%$16.4M$7.1M10xas long as short
Gate HYPE_USDT+0.0028%4h93.396−0.013%$44.2M$56.3M75xas long as short
Bybit HYPEUSDT+0.0041%8h93.375−0.035%$325.6M$287.7M75xas long as short
Phoenix HYPE+0.0068%1h93.4080.000%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0076%4h93.457+0.052%$180K$536K20xas long as short
ApeX Omni HYPEUSDT+0.0092%1h93.318−0.096%$405K$1.1M50xas long as short
Lighter HYPE+0.0096%1h93.451+0.046%$18.5M$59.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.415+0.007%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.430+0.024%$56K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.480+0.077%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.418+0.011%$6.0M$44.3M10xas long as short
Hyperliquid HYPE+0.0100%1h93.467+0.063%$2.03B$669.1M10xas long as short
Pacifica HYPEshort+0.0100%1h93.462+0.058%$10.0M$14.5M20x
Binance HYPEUSDT+0.0100%4h93.399−0.010%$385.8M$889.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.380−0.030%$114.8M$315.4M50xas long as short
Arcus HYPE-USD+0.0100%1h93.421+0.014%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.335−0.078%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.387−0.022%$93.1M$81.9M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.433+0.027%$46.3M$19.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.395−0.014%$226.8M$102.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.383−0.027%$54.3Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.423+0.016%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.295−0.120%$28.8M$49.8Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.407−0.001%$7.5M$46.2M10xas long as short
StandX HYPE-USD+0.0100%1h93.504+0.103%$676K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.486+0.083%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.471+0.067%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.424+0.017%$76K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h93.469+0.065%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.409+0.001%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.397−0.012%$12.7M$2.6M50xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.473+0.070%$339K$171K20xas long as short
Extended HYPE-USD+0.0104%1h93.411+0.003%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.462+0.057%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0108%4h93.395−0.014%$5.1M$29.5M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.570+0.173%$4.9M$5.7M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0242%1h93.529+0.130%$7.4M$4.6M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.426+0.020%$77K$157K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.360−0.051%$30K$231K12xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.466+0.062%$1.4M100xas long as short
BloFin HYPE-USDTlong+0.0340%4h93.408long leg$17.1M$12.5M75x
HTX HYPE-USDT+0.0391%4h93.650+0.259%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.512+0.111%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.501+0.099%$19.2M$25.9M50xas long as short