Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

HYPE

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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Coinbase InternationalHYPE-PERP-INTX
90.180+0.2008pay 0.0251% / 1h6m 28s$4.5M$3.5M50xLong Coinbase International
SHORT
AvantisHYPE/USD
87.655L +0.0145S +0.0128pay 0.0016% / 1h6m 28s$55K—20xShort Avantis
Price gap−2.800%52s
Funding gap−0.2136% /8h

Both sides work against this direction now: funding costs $64 a day on $10k and the gap is 2.800% under zero (no 7-day history yet). Swap the legs.

The two prices were read 52 s apart: part of this gap may be the market moving.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$93−0.2136% /8h now · paid −0.931% over the last 7D
Price—spread −2.800%52s now · prices read too far apart to compare
Costsno datano order book for Avantis
Result, before costs—+ Points / potential airdropAvantis: Season 3 · farm boardneeds both prices read together

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.931% in total, about −0.0443%/8h on average.

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now−2.800%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

HYPE on 55 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Note: Order book unknown—
    No order-book sample for Avantis: its slippage is not counted.
  • Note: Margin at max leverage$200 + $500
    Coinbase International 50x, Avantis 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$64.09Long Coinbase International: 24 payments, −$60.24; short Avantis: 24 payments, −$3.85.
  • Watch: Prices read 52 s apart−2.800% vs —
    Part of this gap may be the market moving.
  • Watch: Short leg is thinner$55K vs $4.5M OI
    Avantis sets your exit cost. Check its book before closing.
  • OK: Points on a legAvantis Season 3
    Volume here counts toward the points program.
  • Watch: KYCCoinbase International Yes · Avantis No
    ID and a suitability check; perps are for eligible non-US countries, not for US or UK retail.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0443%/8h × 21 periods−$93.12
Price spreadprices read too far apart to compare—
Slippage, 4 ordersno data for Avantis—
Fee Coinbase International bp × 2 orders−$8.00
Fee Avantis bp × 2 orders−$9.00
Net, fees only · 7 days · $10k−$110.12
price spread not counted: prices read too far apart
Costs to cover0.170%Break-evennever at this rate
Slippage: Coinbase International: live order book, 1 min ago; Avantis: no order-book sample

Cost to enter

taker + slippage from mid, one side
BUY · LONGCoinbase International38.27190.4 bp−$190376.2 bp−$3,762doesn’t fitdoesn’t fit
SELL · SHORTAvantis—————

Closing costs about the same again.
Avantis: no data.

Alert

HYPE news

posts that mention HYPE, from every exchangeSearch all news →
09-29 15:00Coinbase InternationalOtherAssets you swore you'd never sell: - HYPE - ZEC Assets you can now instantly borrow up to $100k against instead of selling: - HYPE - ZEC Guess that works out. @coinbase on X ↗
09-29 14:58BingXContestYour next trade could come with extra rewards 😎 Share a 200,000 USDT prize pool, with up to 500 USDT per trader. New users can claim 15 USDT trading BTC, ETH or HYPE, plus daily trading rewards of 15 USDT. Join on BingX before Oct 7👇 @BingXOfficial on X ↗
09-28 18:50AevoOtherbitcoin:native is back near $83k after trading above $86k last week. Whether you trade the continuation or pullback, all options and this week’s Perp Majors count toward the volume requirement for our year-end reward. This week’s Perp Majors include: BTC, ETH, SOL, ZEC, NEAR, HYPE, LIT, SPY, QQQ, HOOD, SNDK, MU, NVDA, TSLA, GOOGL. @aevoxyz on X ↗
09-28 15:17OKXOtherNew X Drops just went live in Europe. Trade XDP, HYPE, TAO, LINK, PUMP, UNI, LTC, DOGE, FET, or AAVE for a share of 23M $XDP. $XDP trades get a 3× boost. @okx on X ↗
09-24 07:40BinanceListingBinance will list @HyperliquidX (HYPE) with the Seed Tag applied. More info → @binance on X ↗
09-23 06:39BitgetOther$HYPE just hit a new ATH near $98, gaining ~5% over the past 24 hours. The move comes as Payward plans to bring regulated onchain perpetual futures to U.S. traders via @HyperliquidX. @bitget on X ↗