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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0006%/8h= +0.7% APRnext payment +$0.03 per $10,000 · paid last 24h +0.007%
Price spread now: SunX against edgeX+0.410%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$670.667% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.291%−$29 · spread now +0.410%, 7d avg +0.064%
Together, before fees−0.291%+ Points / potential airdropedgeX: Active · farm board−$29 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: SunX is 0.346% dearer against edgeX than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of +0.064%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX HYPEUSDC93.2110.0094pay 0.0047% / 4h2h 20m$5.0M$29.9M30x
ShortSunX HYPE-USDT93.5930.0100get 0.0050% / 4h2h 20m$32K$1.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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
$1.28
Price spread: +0.410% → +0.064%
$34.55
Slippage, 4 orders
−$49.68
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee SunX: 4 bp × 2 orders
−$8
Net
−$30.85
Costs to cover
0.667%
Break-even
176.1 days
Slippage from edgeX: live order book, 3 min ago; SunX: live order book, 4 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, 3 min ago0.32 bp4.8 bp −$55.0 bp −$50147.7 bp −$14.8Kdoesn't fit
Sell SunX live order book, 4 min ago19.35 bp33.0 bp −$33doesn'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
Hibachi HYPE/USDT-P−0.1392%1h93.393+0.195%$197K$238K7xas long as short
Aftermath Perps HYPEUSD−0.0396%1h93.328+0.126%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.513+0.324%$3K$33125xas long as short
Bullet HYPE-USD−0.0049%1h93.749+0.577%$111K$581K20xas long as short
Orderly PERP_HYPE_USDC−0.0019%4h93.684+0.507%$146K$672K20xas long as short
dYdX HYPE-USD0.0000%1h93.915+0.755%$129K$29K5xas long as short
01 Exchange HYPEUSD0.0000%1h93.791+0.622%$88K$365K20xas long as short
Perpl HYPE0.0000%43m93.772+0.602%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.760+0.589%$62K150xas long as short
Arcus HYPE-USD+0.0011%1h93.637+0.457%$1.0M$3.9M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget HYPEUSDT+0.0012%4h93.934+0.776%$226.7M$99.0M75xas long as short
Bybit HYPEUSDT+0.0018%8h93.916+0.756%$318.6M$282.8M75xas long as short
Phoenix HYPE+0.0026%1h93.624+0.443%$208K$1.2M10xas long as short
Ondo Perps HYPE-USD.P+0.0032%1h93.620+0.439%$704K$1.2M10xas long as short
Phemex HYPEUSDT+0.0046%8h93.732+0.559%$12.8M$2.8M50xas long as short
edgeX HYPEUSDClong+0.0094%4h93.211long leg$5.0M$29.9M30x
Paradex HYPE-USD-PERP+0.0094%8h93.566+0.381%$340K$157K20xas long as short
Lighter HYPE+0.0096%1h93.916+0.756%$16.2M$63.3M20xas long as short
Lighter RH HYPE+0.0096%1h93.936+0.778%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.758+0.587%$73K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.690+0.514%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.731+0.557%$8.0M$48.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.973+0.818%$2.05B$669.2M10xas long as short
Aster HYPEUSDT+0.0100%4h93.906+0.746%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.590+0.407%$10.1M$15.3M20xas long as short
Binance HYPEUSDT+0.0100%4h93.957+0.800%$376.8M$914.7M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.940+0.782%$115.7M$313.0M50xas long as short
Bulk HYPE-USD+0.0100%1h93.358+0.158%$216K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h93.916+0.756%$47.3M$54.5M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.919+0.760%$90.6M$81.6M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.905+0.745%$46.4M$18.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.914+0.754%$53.9Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.778+0.608%$7.2M$10.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.699+0.523%$28.6M$56.2Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.275+0.069%$7.5M$47.3M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.227+0.017%$342K$997K50xas long as short
StandX HYPE-USD+0.0100%1h93.427+0.232%$668K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.723+0.549%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.730+0.557%$486K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.721+0.547%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.698+0.523%$16.2M$7.4M10xas long as short
SunX HYPE-USDTshort+0.0100%4h93.593+0.410%$32K$1.6M20x
SoDEX HYPE-USD+0.0100%1h93.717+0.543%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.849+0.685%$1.4M$6.5M75xas long as short
Extended HYPE-USD+0.0104%1h93.891+0.730%$18.2M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.716+0.542%$396K$158K20xas long as short
Kalshi KXHYPEPERP+0.0113%8h93.680+0.503%$1.8M$5.6M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.620+0.439%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.800+0.632%$4.6M$5.8M50xas long as short
Reya HYPERUSDPERP+0.0269%1h93.767+0.596%$80K$127K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h93.765+0.594%$1.4M100xas long as short
Kraken Futures PF_HYPEUSD+0.0340%1h93.796+0.627%$20.9M$29.4M50xas long as short
BloFin HYPE-USDT+0.0340%4h93.730+0.557%$16.8M$12.0M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0486%1h93.802+0.634%$7.5M$4.1M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.742+0.569%$3.2M$6.2M20xas long as short