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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.008%
Price spread now: Binance against Extended−0.013%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$170.169% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.036%−$4 on $10k
Price spread, last 7 days0.000%$0 · spread now −0.013%, 7d avg +0.035%
Together, before fees−0.036%+ Points / potential airdropExtended: Active · farm board−$4 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: Binance is 0.048% cheaper against Extended than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.035%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended HYPE-USD93.3730.0104pay 0.0013% / 1h55m 07s$18.4M$41.0M50x
ShortBinance HYPEUSDT93.3610.0100get 0.0050% / 4h2h 55m$386.4M$890.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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
−$0.84
Price spread: −0.013% → +0.035%
−$4.79
Slippage, 4 orders
−$1.91
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Binance: 5 bp × 2 orders
−$10
Net
−$22.54
Costs to cover
0.169%
Break-even
never at this rate
Slippage from Extended: live order book, 4 min ago; Binance: 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 Extended live order book, 4 min ago0.05 bp2.6 bp −$33.9 bp −$3923.1 bp −$2,315doesn't fit
Sell Binance live order book, 4 min ago0.05 bp5.1 bp −$57.5 bp −$7513.9 bp −$1,38929.7 bp −$14.8K

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−0.1328%1h93.228−0.155%$197K$235K7xas long as short
Ondo Perps HYPE-USD.P−0.0154%1h93.260−0.121%$699K$951K10xas long as short
01 Exchange HYPEUSD−0.0104%1h93.365−0.009%$89K$340K20xas long as short
Aftermath Perps HYPEUSD−0.0102%1h93.323−0.053%$22K$22K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.294−0.085%$3K$33125xas long as short
Gate HYPE_USDT−0.0002%4h93.361−0.013%$44.1M$56.1M75xas long as short
dYdX HYPE-USD0.0000%1h93.341−0.035%$127K$33K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.463+0.096%$1.9M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.348−0.027%$24K$343K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.400+0.029%$20K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0002%4h93.361−0.013%$8.9M$36.3M300xas long as short
Derive HYPE-PERP+0.0037%1h93.341−0.034%$16.4M$7.1M10xas long as short
Bybit HYPEUSDT+0.0041%8h93.321−0.056%$325.3M$288.4M75xas long as short
Popdex HYPEUSDT+0.0056%1h93.354−0.020%$56K$1.2M50xas long as short
Bullet HYPE-USD+0.0068%1h93.366−0.008%$112K$583K20xas long as short
Orderly PERP_HYPE_USDC+0.0078%4h93.393+0.021%$180K$536K20xas long as short
Phoenix HYPE+0.0094%1h93.336−0.040%$215K$1.2M10xas long as short
Lighter HYPE+0.0096%1h93.388+0.016%$18.5M$58.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.376+0.003%$3.1M$12.3M20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.370−0.003%$38K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.279−0.100%$6.0M$44.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.423+0.054%$2.03B$674.4M10xas long as short
Pacifica HYPE+0.0100%1h93.324−0.053%$10.0M$14.5M20xas long as short
Binance HYPEUSDTshort+0.0100%4h93.361−0.013%$386.4M$890.4M75x
OKX HYPE-USDT-SWAP+0.0100%8h93.318−0.059%$114.7M$316.1M50xas long as short
Arcus HYPE-USD+0.0100%1h93.304−0.074%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.386+0.014%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.349−0.026%$92.1M$81.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.345−0.030%$46.3M$19.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.338−0.037%$226.8M$102.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.323−0.054%$54.6Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.382+0.010%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.285−0.095%$28.8M$49.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.319−0.058%$7.5M$46.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.338−0.037%$405K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.361−0.013%$675K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.391+0.019%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.394+0.022%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.404+0.033%$76K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h93.334−0.042%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.384+0.012%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.374+0.001%$12.7M$2.6M50xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.305−0.073%$339K$171K20xas long as short
Extended HYPE-USDlong+0.0104%1h93.373long leg$18.4M$41.0M50x
Aevo HYPE-PERP+0.0104%1h93.401+0.030%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0120%4h93.294−0.085%$5.1M$29.4M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.390+0.018%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0244%1h93.376+0.004%$77K$157K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.210−0.175%$30K$231K12xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0165%1h93.400+0.029%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.352−0.022%$17.2M$12.5M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0403%1h93.491+0.126%$7.4M$4.6M50xas long as short
HTX HYPE-USDT+0.0422%4h93.533+0.171%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.389+0.017%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.492+0.127%$18.8M$24.8M50xas long as short