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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%
Price spread now: Vest against Bulk−0.166%7-day average −0.045% · 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)−0.125%−$13 on $10k
Price spread, last 4 days (all we have)+0.436%+$44 · spread now −0.166%, 7d avg −0.045%
Together, before fees+0.311%+ Points / potential airdropVest: Active · farm board+$31 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 0.120% cheaper against Bulk than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.045%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk HYPE-USD92.8000.0100pay 0.0013% / 1h52m 18s$202K$13K10x
ShortVest HYPE-PERP92.6460.0100get 0.0013% / 1h52m 18s$243K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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: −0.166% → −0.045%
−$12.04
Slippage, 4 orders
no order book: not counted
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Vest: 1 bp × 2 orders
−$2
Net
−$21.04
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Bulk: live order book, 7 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 Bulk live order book, 7 min ago1.08 bp4.6 bp −$56.5 bp −$6515.2 bp −$1,52144.9 bp −$22.4K
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
Arcus HYPE-USD−0.0948%1h92.446−0.381%$1.2M$3.8M10xas long as short
Hibachi HYPE/USDT-P−0.0760%1h92.788−0.013%$195K$227K7xas long as short
Aftermath Perps HYPEUSD−0.0110%1h92.736−0.069%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0104%1h92.553−0.266%$86K$351K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.573−0.245%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0065%4h92.552−0.267%$158K$663K20xas long as short
Ondo Perps HYPE-USD.P−0.0064%1h92.720−0.086%$699K$1.1M10xas long as short
Bullet HYPE-USD−0.0048%1h92.565−0.253%$111K$579K20xas long as short
dYdX HYPE-USD0.0000%1h92.691−0.117%$127K$31K5xas long as short
Perpl HYPE0.0000%43m92.571−0.246%$23K$309K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.608−0.207%$62K150xas long as short
Phemex HYPEUSDT+0.0006%8h92.719−0.087%$12.5M$2.7M50xas long as short
Aster HYPEUSDT+0.0006%4h92.635−0.178%$8.7M$36.2M300xas long as short
Derive HYPE-PERP+0.0018%1h92.535−0.285%$16.0M$7.5M10xas long as short
BingX HYPE-USDT+0.0032%4h92.579−0.238%$53.2Mas long as short
Bybit HYPEUSDT+0.0037%8h92.580−0.237%$317.8M$279.1M75xas long as short
Phoenix HYPE+0.0043%1h92.855+0.059%$211K$1.2M10xas long as short
Gate HYPE_USDT+0.0050%4h92.583−0.234%$44.5M$54.5M75xas long as short
ApeX Omni HYPEUSDT+0.0068%1h92.356−0.478%$337K$1.0M50xas long as short
OKX HYPE-USDT-SWAP+0.0074%8h92.577−0.240%$113.2M$300.9M50xas long as short
Popdex HYPEUSDT+0.0080%1h92.552−0.267%$67K$1.2M50xas long as short
MEXC HYPE_USDT+0.0084%4h92.577−0.240%$87.8M$80.1M100xas long as short
Binance HYPEUSDT+0.0084%4h92.580−0.237%$372.3M$892.0M75xas long as short
edgeX HYPEUSDC+0.0090%4h92.792−0.009%$5.1M$29.2M30xas long as short
Paradex HYPE-USD-PERP+0.0093%8h92.623−0.190%$338K$162K20xas long as short
Lighter HYPE+0.0096%1h92.597−0.218%$16.0M$62.0M20xas long as short
Lighter RH HYPE+0.0096%1h92.595−0.221%$3.1M$11.6M20xas long as short
Katana Perps HYPE-USD+0.0100%8h92.540−0.280%$14K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h92.579−0.238%$5.8M$43.1M10xas long as short
Hyperliquid HYPE+0.0100%1h92.634−0.179%$2.02B$657.8M10xas long as short
Pacifica HYPE+0.0100%1h92.620−0.194%$10.0M$14.9M20xas long as short
Bulk HYPE-USDlong+0.0100%1h92.800long leg$202K$13K10x
KuCoin HYPEUSDTM+0.0100%4h92.596−0.220%$45.9M$18.2M75xas long as short
Bitget HYPEUSDT+0.0100%4h92.566−0.252%$224.0M$97.5M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.698−0.110%$7.4M$10.0M20xas long as short
Variational Omni HYPE+0.0100%8h92.820+0.021%$28.4M$57.0Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.596−0.220%$7.5M$45.7M10xas long as short
StandX HYPE-USD+0.0100%1h92.793−0.008%$665K$2.7M20xas long as short
Vest HYPE-PERPshort+0.0100%1h92.646−0.166%$243K5x
Polymarket Perps HYPE-USD+0.0100%1h92.612−0.203%$468K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h92.839+0.042%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.757−0.046%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h92.873+0.079%$1.4M$6.2M75xas long as short
Extended HYPE-USD+0.0104%1h92.537−0.284%$18.1M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h92.580−0.237%$391K$164K20xas long as short
Injective HYPE/USDC PERP+0.0150%1h93.000+0.216%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0160%1h92.840+0.043%$4.7M$5.5M50xas long as short
Reya HYPERUSDPERP+0.0260%1h92.568−0.250%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0263%8h92.857+0.061%$1.8M$5.4M2.3xas long as short
BloFin HYPE-USDT+0.0325%4h92.787−0.014%$16.8M$11.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0330% / S −0.0153%1h92.602−0.214%$1.4M100xas long as short
Kraken Futures PF_HYPEUSD+0.0332%1h92.793−0.008%$20.7M$30.3M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0450%1h92.865+0.070%$7.5M$4.4M50xas long as short
RISEx HYPE/USDC+0.0687%1h92.626−0.187%$3.1M$6.4M20xas long as short
Bluefin HYPE-PERP+0.1674%1h92.565−0.253%$78K$169K20xas long as short