Funding arb · Price arb /

HYPE

all HYPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0199%/8h= −21.7% APRpaid last 24h −0.018%

Price spread now: Aftermath Perps against edgeX−0.027%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Aftermath Perps

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Aftermath Perps is 0.027% cheaper against edgeX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX HYPEUSDC	92.792	0.0090	pay 0.0045% / 4h	53m 24s	$5.1M	$29.2M	30x
Short	Aftermath Perps HYPEUSD	92.767	−0.0109	pay 0.0014% / 1h	53m 24s	$22K	$21K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against edgeX. 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

Position, each leg$Hold fordaysFee edgeXbpFee Aftermath PerpsbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$41.7
Price spread: −0.027% → 0.000%: −$2.71
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$62.41
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 1 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 1 min ago	0.32 bp	4.8 bp −$5	5.0 bp −$50	144.4 bp −$14.4K	doesn't fit
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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus HYPE-USD	−0.0948%	1h	92.680	−0.120%	$1.2M	$3.8M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0776%	1h	92.787	−0.006%	$195K	$227K	7x	as long as short
Aftermath Perps HYPEUSDshort	−0.0109%	1h	92.767	−0.027%	$22K	$21K	10x
01 Exchange HYPEUSD	−0.0104%	1h	92.816	+0.026%	$86K	$351K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.803	+0.012%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0063%	4h	92.759	−0.035%	$158K	$663K	20x	as long as short
Bullet HYPE-USD	−0.0057%	1h	92.785	−0.008%	$111K	$579K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0054%	1h	92.720	−0.077%	$699K	$1.1M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.870	+0.084%	$127K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.840	+0.052%	$23K	$309K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.806	+0.015%	$62K	—	150x	as long as short
Aster HYPEUSDT	+0.0007%	4h	92.818	+0.028%	$8.7M	$36.2M	300x	as long as short
Phemex HYPEUSDT	+0.0009%	8h	92.782	−0.010%	$12.5M	$2.7M	50x	as long as short
Derive HYPE-PERP	+0.0010%	1h	92.732	−0.065%	$16.1M	$7.5M	10x	as long as short
BingX HYPE-USDT	+0.0030%	4h	92.786	−0.006%	—	$53.1M	—	as long as short
Bybit HYPEUSDT	+0.0038%	8h	92.792	0.000%	$318.5M	$279.0M	75x	as long as short
Phoenix HYPE	+0.0043%	1h	92.855	+0.068%	$211K	$1.2M	10x	as long as short
Gate HYPE_USDT	+0.0050%	4h	92.794	+0.002%	$44.5M	$54.4M	75x	as long as short
ApeX Omni HYPEUSDT	+0.0068%	1h	92.356	−0.470%	$337K	$1.0M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0073%	8h	92.811	+0.021%	$113.4M	$301.3M	50x	as long as short
Binance HYPEUSDT	+0.0085%	4h	92.800	+0.009%	$373.2M	$891.5M	75x	as long as short
MEXC HYPE_USDT	+0.0086%	4h	92.801	+0.010%	$87.9M	$80.1M	100x	as long as short
Popdex HYPEUSDT	+0.0088%	1h	92.802	+0.011%	$68K	$1.2M	50x	as long as short
edgeX HYPEUSDClong	+0.0090%	4h	92.792	long leg	$5.1M	$29.2M	30x
Paradex HYPE-USD-PERP	+0.0093%	8h	92.817	+0.027%	$339K	$162K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.814	+0.024%	$16.1M	$61.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.812	+0.022%	$3.1M	$11.6M	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	92.810	+0.020%	$14K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.787	−0.005%	$5.8M	$43.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.860	+0.074%	$2.02B	$656.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.823	+0.034%	$10.0M	$14.9M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.800	+0.009%	$202K	$13K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.816	+0.026%	$46.0M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.810	+0.020%	$224.6M	$97.5M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.798	+0.007%	$7.4M	$10.0M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.820	+0.030%	$28.4M	$57.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.596	−0.211%	$7.5M	$45.7M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.854	+0.067%	$666K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.840	+0.052%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.832	+0.043%	$469K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.818	+0.028%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.797	+0.006%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.954	+0.175%	$1.4M	$6.2M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.763	−0.031%	$18.1M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.787	−0.005%	$392K	$164K	20x	as long as short
Injective HYPE/USDC PERP	+0.0150%	1h	92.730	−0.067%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0160%	1h	92.840	+0.052%	$4.7M	$5.5M	50x	as long as short
Reya HYPERUSDPERP	+0.0260%	1h	92.801	+0.010%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0263%	8h	92.855	+0.068%	$1.8M	$5.4M	2.3x	as long as short
BloFin HYPE-USDT	+0.0326%	4h	92.812	+0.022%	$16.9M	$11.5M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0153%	1h	92.814	+0.024%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0331%	1h	92.863	+0.077%	$20.7M	$30.3M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0375%	1h	92.881	+0.096%	$7.5M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0687%	1h	92.883	+0.098%	$3.2M	$6.4M	20x	as long as short
Bluefin HYPE-PERP	+0.2724%	1h	92.759	−0.035%	$79K	$169K	20x	as long as short