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% APRpaid last 24h +0.049%
Price spread now: Hyperliquid against edgeX+0.501%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs+$16as in the Price arb table
costs, in and out, $10k−$300.296% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.067%+$7 on $10k
Price spread, last 7 days−0.497%−$50 · spread now +0.501%, 7d avg +0.043%
Together, before fees−0.430%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board−$43 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: Hyperliquid is 0.459% dearer against edgeX than usual: you sell high and buy low, +$46 on $10k if it goes back to its 7-day average of +0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX HYPEUSDC92.4170.0100pay 0.0050% / 4h55m 05s$5.0M$29.1M30x
ShortHyperliquid HYPE92.8800.0100get 0.0013% / 1h55m 05s$2.02B$659.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0.03
Price spread: +0.501% → +0.043%
$45.86
Slippage, 4 orders
−$11.63
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$16.26
Costs to cover
0.296%
Break-even
from the start
Slippage from edgeX: live order book, 4 min ago; Hyperliquid: live order book, 9 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 edgeX live order book, 4 min ago0.38 bp4.9 bp −$55.1 bp −$51145.9 bp −$14.6Kdoesn't fit
Sell Hyperliquid live order book, 9 min ago2.64 bp7.1 bp −$7doesn't fitdoesn'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
Arcus HYPE-USD−0.0948%1h92.690+0.296%$1.2M$3.8M10xas long as short
Hibachi HYPE/USDT-P−0.0800%1h92.839+0.457%$195K$227K7xas long as short
01 Exchange HYPEUSD−0.0128%1h92.809+0.425%$86K$351K20xas long as short
Aftermath Perps HYPEUSD−0.0091%1h92.736+0.346%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.869+0.489%$3K$33125xas long as short
Bullet HYPE-USD−0.0066%1h92.786+0.400%$111K$579K20xas long as short
Orderly PERP_HYPE_USDC−0.0062%4h92.802+0.417%$158K$663K20xas long as short
Ondo Perps HYPE-USD.P−0.0030%1h92.340−0.083%$699K$1.1M10xas long as short
Aster HYPEUSDT−0.0004%4h92.831+0.448%$8.7M$36.2M300xas long as short
dYdX HYPE-USD0.0000%1h92.870+0.490%$127K$31K5xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m92.826+0.443%$23K$309K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.835+0.452%$62K150xas long as short
Derive HYPE-PERP+0.0010%1h92.778+0.391%$16.1M$7.5M10xas long as short
Phemex HYPEUSDT+0.0011%8h92.809+0.425%$12.5M$2.7M50xas long as short
Phoenix HYPE+0.0026%1h92.584+0.181%$210K$1.2M10xas long as short
BingX HYPE-USDT+0.0030%4h92.808+0.423%$53.2Mas long as short
Bybit HYPEUSDT+0.0039%8h92.815+0.431%$318.6M$278.9M75xas long as short
Gate HYPE_USDT+0.0052%4h92.826+0.443%$44.5M$54.4M75xas long as short
ApeX Omni HYPEUSDT+0.0068%1h92.356−0.066%$337K$1.0M50xas long as short
OKX HYPE-USDT-SWAP+0.0073%8h92.816+0.432%$113.4M$301.2M50xas long as short
MEXC HYPE_USDT+0.0076%4h92.820+0.436%$87.9M$80.1M100xas long as short
Binance HYPEUSDT+0.0086%4h92.818+0.434%$373.3M$891.8M75xas long as short
Paradex HYPE-USD-PERP+0.0093%8h92.851+0.470%$339K$162K20xas long as short
Lighter HYPE+0.0096%1h92.817+0.433%$16.1M$61.9M20xas long as short
Lighter RH HYPE+0.0096%1h92.822+0.439%$3.1M$11.6M20xas long as short
Popdex HYPEUSDT+0.0096%1h92.798+0.413%$68K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h92.820+0.436%$14K$1.6M10xas long as short
edgeX HYPEUSDClong+0.0100%4h92.417long leg$5.0M$29.1M30x
Nado HYPE-PERP+0.0100%1h92.790+0.405%$5.8M$43.1M10xas long as short
Hyperliquid HYPEshort+0.0100%1h92.880+0.501%$2.02B$659.1M10x
Pacifica HYPE+0.0100%1h92.832+0.450%$10.0M$14.9M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.834+0.452%$46.0M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h92.809+0.425%$224.6M$97.5M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.811+0.427%$7.4M$10.0M20xas long as short
Variational Omni HYPE+0.0100%8h92.820+0.436%$28.4M$57.0Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.596+0.194%$7.5M$45.7M10xas long as short
StandX HYPE-USD+0.0100%1h92.779+0.392%$665K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h92.823+0.439%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.828+0.445%$469K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h92.861+0.481%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.794+0.408%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h92.986+0.616%$1.4M$6.2M75xas long as short
Bulk HYPE-USD+0.0100%1h92.810+0.426%$202K$13K10xas long as short
Extended HYPE-USD+0.0104%1h92.773+0.386%$18.2M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h92.802+0.417%$392K$164K20xas long as short
Injective HYPE/USDC PERP+0.0150%1h92.730+0.339%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0160%1h92.850+0.469%$4.7M$5.5M50xas long as short
Reya HYPERUSDPERP+0.0260%1h92.789+0.403%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0263%8h92.884+0.506%$1.8M$5.4M2.3xas long as short
BloFin HYPE-USDT+0.0326%4h92.812+0.428%$16.9M$11.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0330% / S −0.0153%1h92.822+0.438%$1.4M100xas long as short
Kraken Futures PF_HYPEUSD+0.0331%1h92.870+0.490%$20.7M$30.3M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0407%1h92.891+0.513%$7.5M$4.4M50xas long as short
RISEx HYPE/USDC+0.0687%1h92.885+0.507%$3.2M$6.4M20xas long as short
Bluefin HYPE-PERP+0.3594%1h92.823+0.440%$79K$169K20xas long as short