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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Aevo against Extended+0.083%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$370.374% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.010%−$1 on $10k
Price spread, last 3 days (all we have)−0.159%−$16 · spread now +0.083%, 7d avg +0.044%
Together, before fees−0.169%+ Points / potential airdropExtended: Active · farm board−$17 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: Aevo is 0.039% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.044%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended HYPE-USD93.4380.0104pay 0.0013% / 1h47m 46s$18.4M$41.1M50x
ShortAevo HYPE-PERP93.5150.0104get 0.0013% / 1h47m 46s$398K$318K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Extended. 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
Price spread: +0.083% → +0.044%
$3.91
Slippage, 4 orders
−$16.38
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$33.47
Costs to cover
0.374%
Break-even
never at this rate
Slippage from Extended: live order book, 1 min ago; Aevo: live order book, 41 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 Extended live order book, 1 min ago0.05 bp2.6 bp −$34.4 bp −$4422.3 bp −$2,227doesn't fit
Sell Aevo live order book, 41 min ago6.65 bp15.0 bp −$1517.6 bp −$17620.3 bp −$2,035doesn'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−0.1256%1h93.344−0.100%$197K$233K7xas long as short
Ondo Perps HYPE-USD.P−0.0157%1h93.330−0.116%$700K$944K10xas long as short
Aftermath Perps HYPEUSD−0.0156%1h93.389−0.052%$22K$22K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.503+0.069%$89K$344K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.412−0.028%$3K$33125xas long as short
Bullet HYPE-USD−0.0008%1h93.470+0.034%$113K$583K20xas long as short
dYdX HYPE-USD0.0000%1h93.504+0.070%$127K$33K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.559+0.129%$1.9M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.443+0.005%$23K$343K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.513+0.080%$19K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0012%4h93.487+0.052%$8.9M$36.2M300xas long as short
Derive HYPE-PERP+0.0017%1h93.431−0.007%$16.4M$7.1M10xas long as short
Gate HYPE_USDT+0.0036%4h93.461+0.025%$44.2M$56.3M75xas long as short
Bybit HYPEUSDT+0.0041%8h93.450+0.013%$325.8M$287.9M75xas long as short
Phoenix HYPE+0.0068%1h93.408−0.032%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0076%4h93.500+0.066%$180K$536K20xas long as short
ApeX Omni HYPEUSDT+0.0092%1h93.318−0.129%$405K$1.1M50xas long as short
Lighter HYPE+0.0096%1h93.544+0.113%$18.5M$59.3M20xas long as short
Lighter RH HYPE+0.0096%1h93.520+0.088%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.480+0.045%$56K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.480+0.045%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.478+0.043%$6.0M$44.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.516+0.083%$2.04B$669.0M10xas long as short
Pacifica HYPE+0.0100%1h93.491+0.057%$10.0M$14.5M20xas long as short
Binance HYPEUSDT+0.0100%4h93.461+0.025%$386.0M$890.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.440+0.002%$114.8M$316.2M50xas long as short
Arcus HYPE-USD+0.0100%1h93.449+0.012%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.335−0.110%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.455+0.018%$93.0M$81.8M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.486+0.051%$46.4M$19.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.450+0.013%$227.0M$102.1M75xas long as short
BingX HYPE-USDT+0.0100%4h93.451+0.014%$54.3Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.523+0.091%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.295−0.153%$28.8M$49.8Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.336−0.109%$7.5M$46.2M10xas long as short
StandX HYPE-USD+0.0100%1h93.443+0.005%$676K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.495+0.061%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.501+0.067%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.493+0.059%$76K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h93.529+0.097%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.495+0.061%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.488+0.053%$12.7M$2.6M50xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.490+0.056%$339K$171K20xas long as short
Extended HYPE-USDlong+0.0104%1h93.438long leg$18.4M$41.1M50x
Aevo HYPE-PERPshort+0.0104%1h93.515+0.083%$398K$318K20x
edgeX HYPEUSDC+0.0113%4h93.276−0.173%$5.1M$29.5M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.550+0.120%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.486+0.052%$77K$157K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0252%1h93.599+0.172%$7.4M$4.6M50xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.290−0.158%$30K$231K12xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.512+0.079%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.376−0.066%$17.1M$12.5M75xas long as short
HTX HYPE-USDT+0.0398%4h93.650+0.227%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.546+0.115%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.603+0.177%$19.2M$25.9M50xas long as short