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−0.0165%/8h= −18.1% APRnext payment $0.21 per $10,000 · paid last 24h +0.041%
Price spread now: Aftermath Perps against dYdX−0.102%7-day average · 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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Aftermath Perps is 0.102% cheaper against dYdX than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX HYPE-USD93.5040get 0.0000% / 1h46m 43s$127K$33K5x
ShortAftermath Perps HYPEUSD93.409−0.0165pay 0.0021% / 1h46m 43s$22K$22K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against dYdX. 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
−$34.69
Price spread: −0.102% → 0.000%
−$10.16
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$63.85
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: dYdX: live order book, 42 min ago; Aftermath Perps: 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 dYdX live order book, 42 min ago26.01 bp31.0 bp −$3143.4 bp −$434125.1 bp −$12.5K846.0 bp −$423.0K
Sell Aftermath Perps no order-book sample
Aftermath Perps: 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−0.1256%1h93.344−0.170%$197K$233K7xas long as short
Ondo Perps HYPE-USD.P−0.0168%1h93.330−0.186%$700K$944K10xas long as short
Aftermath Perps HYPEUSDshort−0.0165%1h93.409−0.102%$22K$22K10x
01 Exchange HYPEUSD−0.0080%1h93.449−0.058%$89K$344K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.472−0.034%$3K$33125xas long as short
Bullet HYPE-USD−0.0001%1h93.419−0.091%$112K$583K20xas long as short
dYdX HYPE-USDlong0.0000%1h93.504long leg$127K$33K5x
Kalshi KXHYPEPERP0.0000%8h93.506+0.003%$1.9M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.443−0.064%$23K$343K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.465−0.041%$19K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0014%4h93.411−0.099%$8.9M$36.2M300xas long as short
Derive HYPE-PERP+0.0017%1h93.381−0.131%$16.4M$7.1M10xas long as short
Gate HYPE_USDT+0.0028%4h93.393−0.118%$44.2M$56.3M75xas long as short
Bybit HYPEUSDT+0.0041%8h93.440−0.068%$325.8M$287.8M75xas long as short
Phoenix HYPE+0.0068%1h93.408−0.102%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0076%4h93.457−0.050%$180K$536K20xas long as short
ApeX Omni HYPEUSDT+0.0092%1h93.318−0.198%$405K$1.1M50xas long as short
Lighter HYPE+0.0096%1h93.476−0.030%$18.5M$59.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.457−0.050%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.430−0.079%$56K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.480−0.025%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.418−0.091%$6.0M$44.3M10xas long as short
Hyperliquid HYPE+0.0100%1h93.475−0.030%$2.04B$669.1M10xas long as short
Pacifica HYPE+0.0100%1h93.462−0.044%$10.0M$14.5M20xas long as short
Binance HYPEUSDT+0.0100%4h93.445−0.063%$385.9M$888.2M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.451−0.056%$114.8M$315.6M50xas long as short
Arcus HYPE-USD+0.0100%1h93.421−0.088%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.335−0.180%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.386−0.126%$93.1M$81.9M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.397−0.114%$46.3M$19.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.403−0.107%$226.9M$102.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.396−0.115%$54.3Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.423−0.086%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.295−0.222%$28.8M$49.8Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.407−0.103%$7.5M$46.2M10xas long as short
StandX HYPE-USD+0.0100%1h93.504+0.001%$676K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.486−0.019%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.471−0.035%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.424−0.085%$76K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h93.469−0.037%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.409−0.101%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.397−0.114%$12.7M$2.6M50xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.473−0.033%$339K$171K20xas long as short
Extended HYPE-USD+0.0104%1h93.394−0.117%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.462−0.045%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0108%4h93.395−0.116%$5.1M$29.5M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.570+0.071%$4.9M$5.7M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0242%1h93.529+0.027%$7.4M$4.6M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.426−0.082%$77K$157K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.360−0.153%$30K$231K12xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.466−0.040%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.408−0.102%$17.1M$12.5M75xas long as short
HTX HYPE-USDT+0.0391%4h93.650+0.157%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.512+0.009%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.501−0.003%$19.2M$25.9M50xas long as short