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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%
Price spread now: KuCoin against Bulk+0.115%7-day average −0.038% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$290.288% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.009%−$1 on $10k
Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.115%, 7d avg −0.038%
Together, before fees−0.041%−$4 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: KuCoin is 0.153% dearer against Bulk than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.038%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk HYPE-USD94.3320.0100pay 0.0013% / 1h41m 51s$218K$12K10x
ShortKuCoin HYPEUSDTM94.4400.0100get 0.0050% / 4h41m 51s$46.7M$18.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Bulk. 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: +0.115% → −0.038%
$15.26
Slippage, 4 orders
−$9.82
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$13.56
Costs to cover
0.288%
Break-even
never at this rate
Slippage from Bulk: live order book, 62 min ago; KuCoin: live order book, 7 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 Bulk live order book, 62 min ago0.54 bp4.0 bp −$45.9 bp −$5913.0 bp −$1,30031.4 bp −$15.7K
Sell KuCoin live order book, 7 min ago0.48 bp10.9 bp −$1114.6 bp −$146doesn'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−0.1440%1h94.200−0.140%$201K$250K7xas long as short
Bluefin HYPE-PERP−0.0359%1h94.428+0.102%$80K$154K20xas long as short
Bullet HYPE-USD−0.0155%1h94.458+0.134%$112K$576K20xas long as short
Ondo Perps HYPE-USD.P−0.0142%1h94.370+0.041%$712K$1.2M10xas long as short
Aftermath Perps HYPEUSD−0.0132%1h94.475+0.153%$22K$20K10xas long as short
01 Exchange HYPEUSD−0.0104%1h94.467+0.144%$87K$366K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.436+0.111%$3K$33125xas long as short
Arcus HYPE-USD−0.0045%1h94.442+0.117%$1.0M$3.6M10xas long as short
Bybit HYPEUSDT−0.0012%8h94.410+0.083%$317.5M$289.3M75xas long as short
Derive HYPE-PERP−0.0008%1h94.394+0.066%$16.5M$7.5M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX HYPE-USD0.0000%1h94.413+0.086%$129K$94K5xas long as short
Kalshi KXHYPEPERP0.0000%8h94.531+0.211%$1.9M$5.6M2.3xas long as short
Phoenix HYPE0.0000%1h94.489+0.167%$209K$1.1M10xas long as short
Perpl HYPE0.0000%43m94.436+0.110%$19K$287K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S 0.0000%1h94.466+0.143%$123K150xas long as short
Orderly PERP_HYPE_USDC+0.0002%4h94.421+0.095%$146K$685K20xas long as short
Bitget HYPEUSDT+0.0040%4h94.404+0.077%$226.9M$99.7M75xas long as short
Phemex HYPEUSDT+0.0042%8h94.418+0.092%$12.9M$2.9M50xas long as short
Paradex HYPE-USD-PERP+0.0058%8h94.479+0.156%$338K$156K20xas long as short
Lighter HYPE+0.0064%1h94.402+0.074%$16.3M$64.0M20xas long as short
Coinbase International HYPE-PERP-INTX+0.0064%1h94.460+0.136%$4.7M$6.2M50xas long as short
OKX HYPE-USDT-SWAP+0.0083%8h94.425+0.099%$117.8M$324.9M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0089%1h94.521+0.201%$7.4M$4.3M50xas long as short
Polymarket Perps HYPE-USD+0.0093%1h94.486+0.164%$496K$2.8M20xas long as short
edgeX HYPEUSDC+0.0094%4h94.499+0.177%$5.0M$30.8M30xas long as short
Lighter RH HYPE+0.0096%1h94.405+0.078%$3.2M$10.8M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.449+0.124%$81K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h94.470+0.147%$31K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h94.451+0.127%$7.3M$52.0M10xas long as short
Hyperliquid HYPE+0.0100%1h94.548+0.229%$2.08B$690.5M10xas long as short
Aster HYPEUSDT+0.0100%4h94.415+0.089%$8.8M$37.3M300xas long as short
Pacifica HYPE+0.0100%1h94.492+0.170%$10.2M$15.3M20xas long as short
Binance HYPEUSDT+0.0100%4h94.401+0.073%$378.3M$934.1M75xas long as short
Bulk HYPE-USDlong+0.0100%1h94.332long leg$218K$12K10x
Gate HYPE_USDT+0.0100%4h94.431+0.105%$49.7M$56.4M75xas long as short
MEXC HYPE_USDT+0.0100%4h94.436+0.111%$90.5M$82.6M100xas long as short
KuCoin HYPEUSDTMshort+0.0100%4h94.440+0.115%$46.7M$18.9M75x
BingX HYPE-USDT+0.0100%4h94.428+0.102%$53.1Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.428+0.102%$7.6M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h94.467+0.143%$29.4M$54.8Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.461+0.137%$7.6M$45.9M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.450+0.126%$369K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h94.471+0.148%$683K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h94.534+0.214%$243K5xas long as short
SunX HYPE-USDT+0.0100%4h94.496+0.174%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.440+0.115%$2.1M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h94.597+0.281%$1.4M$6.8M75xas long as short
Extended HYPE-USD+0.0104%1h94.406+0.079%$18.3M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h94.457+0.132%$399K$159K20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0150% / S +0.0021%1h94.496+0.174%$1.4M100xas long as short
Injective HYPE/USDC PERP+0.0185%1h94.740+0.433%$31K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0223%1h94.504+0.183%$20.3M$30.2M50xas long as short
RISEx HYPE/USDC+0.0249%1h94.486+0.163%$3.2M$6.4M20xas long as short
Reya HYPERUSDPERP+0.0272%1h94.447+0.123%$84K$124K15xas long as short
BloFin HYPE-USDT+0.0340%4h94.460+0.136%$17.1M$12.4M75xas long as short