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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0153%/8h= +16.8% APRpaid last 24h +0.062%
Price spread now: Injective against edgeX+0.267%7-day average +0.180% · you sell dearer than you buy
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 7 days+2.290%+$229 on $10k
Price spread, last 3 days (all we have)−0.356%−$36 · spread now +0.267%, 7d avg +0.180%
Together, before fees+1.934%+ Points / potential airdropedgeX: Active · farm board+$193 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Injective is 0.087% dearer against edgeX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.180%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX HYPEUSDC93.1710.0085pay 0.0043% / 4h1h 12m$5.1M$29.7M30x
ShortInjective HYPE/USDC PERP93.4200.0239get 0.0030% / 1h12m 24s$30K$338K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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
$32.2
Price spread: +0.267% → +0.180%
$8.68
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$31.86
Costs to cover
0.090%
Break-even
0.1 days
Slippage unknown: edgeX: live order book, 2 min ago; Injective: live order book, 7 min ago. 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 edgeX live order book, 2 min ago0.32 bp4.8 bp −$55.0 bp −$50145.4 bp −$14.5Kdoesn't fit
Sell Injective live order book, 7 min ago9.65 bpdoesn't fitdoesn'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
Aftermath Perps HYPEUSD−0.0450%1h93.258+0.093%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0376%1h93.322+0.162%$197K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.251+0.085%$1.2M$3.9M10xas long as short
Ondo Perps HYPE-USD.P−0.0122%1h93.260+0.095%$699K$933K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.313+0.152%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0024%1h93.348+0.189%$91K$359K20xas long as short
dYdX HYPE-USD0.0000%1h93.308+0.146%$127K$32K5xas long as short
Popdex HYPEUSDT0.0000%1h93.317+0.156%$57K$1.2M50xas long as short
Perpl HYPE0.0000%43m93.310+0.149%$23K$330K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.351+0.193%$27K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0004%4h93.321+0.161%$8.9M$35.8M300xas long as short
Orderly PERP_HYPE_USDC+0.0019%4h93.339+0.180%$176K$524K20xas long as short
Bybit HYPEUSDT+0.0022%8h93.310+0.149%$323.2M$283.8M75xas long as short
Phoenix HYPE+0.0034%1h93.249+0.083%$214K$1.2M10xas long as short
Bullet HYPE-USD+0.0042%1h93.323+0.162%$112K$578K20xas long as short
Derive HYPE-PERP+0.0047%1h93.257+0.092%$16.3M$7.0M10xas long as short
Gate HYPE_USDT+0.0062%4h93.313+0.152%$44.0M$58.7M75xas long as short
MEXC HYPE_USDT+0.0066%4h93.321+0.160%$90.2M$82.3M100xas long as short
Binance HYPEUSDT+0.0067%4h93.323+0.163%$383.1M$889.8M75xas long as short
edgeX HYPEUSDClong+0.0085%4h93.171long leg$5.1M$29.7M30x
Lighter HYPE+0.0096%1h93.369+0.212%$18.6M$59.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.352+0.194%$3.1M$12.2M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.315+0.154%$397K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.319+0.158%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.300+0.138%$35K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.322+0.161%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.353+0.195%$2.03B$669.9M10xas long as short
Pacifica HYPE+0.0100%1h93.343+0.184%$10.0M$14.4M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.309+0.148%$114.3M$313.3M50xas long as short
Bulk HYPE-USD+0.0100%1h93.232+0.065%$204K$8K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.333+0.173%$47.0M$18.7M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.345+0.186%$226.4M$102.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.322+0.162%$53.7Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.339+0.180%$7.9M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.203+0.034%$29.0M$50.5Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.199+0.030%$7.5M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.153−0.020%$414K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.317+0.156%$675K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.355+0.197%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.351+0.193%$494K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.321+0.160%$75K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.349+0.191%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.310+0.149%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.278+0.114%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.284+0.120%$18.2M$41.7M50xas long as short
Kalshi KXHYPEPERP+0.0119%8h93.367+0.210%$1.9M$5.2M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.440+0.288%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0229%4h93.513+0.367%$1.5M$7.7M75xas long as short
Injective HYPE/USDC PERPshort+0.0239%1h93.420+0.267%$30K$338K12x
Reya HYPERUSDPERP+0.0247%1h93.322+0.162%$77K$159K15xas long as short
BloFin HYPE-USDT+0.0268%4h93.316+0.155%$16.8M$12.4M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.373+0.216%$2.7M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.349+0.190%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0371%1h93.407+0.253%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.439+0.288%$20.9M$29.0M50xas long as short