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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.067%
Price spread now: Vest against BloFin+0.084%7-day average −0.015% · you sell dearer than you buy
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)−0.364%−$36 on $10k
Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.084%, 7d avg −0.015%
Together, before fees−0.453%+ Points / potential airdropVest: Active · farm board−$45 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Vest is 0.099% dearer against BloFin than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of −0.015%): +$10 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 33 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin HYPE-USDT93.3580.0340pay 0.0170% / 4h1h 33m$16.9M$12.2M75x
ShortVest HYPE-PERP93.4360.0100get 0.0013% / 1h33m 46s$243K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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: +0.084% → −0.015%
$9.89
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Vest: 1 bp × 2 orders
−$2
Net
−$54.51
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: BloFin: live order book, 5 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 5 min ago0.64 bp7.2 bp −$79.4 bp −$9415.8 bp −$1,575doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.1040%1h93.327−0.033%$198K$240K7xas long as short
Aftermath Perps HYPEUSD−0.0185%1h93.490+0.142%$22K$21K10xas long as short
Bullet HYPE-USD−0.0083%1h93.356−0.002%$110K$579K20xas long as short
Ondo Perps HYPE-USD.P−0.0081%1h93.330−0.030%$703K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.362+0.004%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0048%1h93.405+0.050%$86K$369K20xas long as short
Bluefin HYPE-PERP−0.0033%1h93.387+0.031%$79K$155K20xas long as short
Orderly PERP_HYPE_USDC−0.0021%4h93.357−0.001%$145K$685K20xas long as short
dYdX HYPE-USD0.0000%1h93.436+0.084%$128K$28K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.467+0.117%$1.8M$5.6M2.3xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.338−0.022%$20K$289K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.400+0.045%$83K150xas long as short
BingX HYPE-USDT+0.0002%4h93.497+0.149%$53.5Mas long as short
Bybit HYPEUSDT+0.0002%8h93.460+0.109%$315.4M$287.9M75xas long as short
Derive HYPE-PERP+0.0007%1h93.302−0.060%$16.2M$7.5M10xas long as short
Phoenix HYPE+0.0017%1h93.482+0.133%$209K$1.1M10xas long as short
Bitget HYPEUSDT+0.0042%4h93.493+0.145%$225.3M$99.8M75xas long as short
Paradex HYPE-USD-PERP+0.0076%8h93.517+0.170%$334K$161K20xas long as short
edgeX HYPEUSDC+0.0080%4h93.460+0.110%$5.0M$30.6M30xas long as short
Arcus HYPE-USD+0.0084%1h93.474+0.124%$1.0M$4.0M10xas long as short
Popdex HYPEUSDT+0.0088%1h93.374+0.017%$80K$1.2M50xas long as short
Phemex HYPEUSDT+0.0091%8h93.404+0.049%$12.7M$2.8M50xas long as short
Lighter HYPE+0.0096%1h93.466+0.116%$16.1M$64.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.475+0.125%$3.1M$11.1M20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.350−0.009%$21K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.360+0.003%$7.4M$50.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.509+0.162%$2.04B$681.6M10xas long as short
Aster HYPEUSDT+0.0100%4h93.463+0.112%$8.8M$37.1M300xas long as short
Pacifica HYPE+0.0100%1h93.485+0.136%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.463+0.113%$374.2M$930.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.482+0.133%$115.3M$315.0M50xas long as short
Gate HYPE_USDT+0.0100%4h93.412+0.058%$48.4M$55.3M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.500+0.152%$89.6M$83.9M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.502+0.154%$46.3M$18.7M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.445+0.093%$7.2M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.339−0.021%$28.7M$56.3Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.507+0.160%$7.5M$48.3M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.469+0.119%$350K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.396+0.041%$676K$2.7M20xas long as short
Vest HYPE-PERPshort+0.0100%1h93.436+0.084%$243K5x
Polymarket Perps HYPE-USD+0.0100%1h93.394+0.039%$469K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.415+0.061%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.388+0.032%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.525+0.179%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.507+0.160%$216K$15K10xas long as short
Extended HYPE-USD+0.0104%1h93.482+0.133%$18.2M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.405+0.051%$395K$159K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.440+0.088%$4.7M$6.1M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0152% / S +0.0022%1h93.385+0.028%$1.4M100xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.290−0.073%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0271%1h93.348−0.011%$77K$129K15xas long as short
BloFin HYPE-USDTlong+0.0340%4h93.358long leg$16.9M$12.2M75x
Deribit HYPE_USDC-PERPETUAL+0.0360%1h93.474+0.124%$7.4M$4.2M50xas long as short
Kraken Futures PF_HYPEUSD+0.0416%1h93.455+0.104%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.547+0.203%$3.2M$6.4M20xas long as short