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−0.0103%/8h= −11.3% APRnext payment $0.13 per $10,000 · paid last 24h −0.031%
Price spread now: gTrade (Gains Network) against Extended+0.062%7-day average · 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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
The price spread pays, funding is against you. gTrade (Gains Network) is 0.062% dearer against Extended than usual: you sell high and buy low (spread +0.062% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 48 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended HYPE-USD93.4930.0104pay 0.0013% / 1h29m 40s$18.4M$41.1M50x
ShortgTrade (Gains Network) HYPE/USD93.551L +0.0002% / S −0.0001%get 0.0000% / 1h29m 40s$20K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$21.67
Price spread: +0.062% → 0.000%
$6.15
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$30.51
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 4 min ago; gTrade (Gains Network): no order-book sample. 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 Extended live order book, 4 min ago0.05 bp2.7 bp −$35.2 bp −$5223.2 bp −$2,324doesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.1064%1h93.496+0.003%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0275%1h93.536+0.046%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0248%1h93.440−0.057%$701K$939K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.559+0.071%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.583+0.096%$89K$347K20xas long as short
Bullet HYPE-USD−0.0028%1h93.511+0.019%$112K$583K20xas long as short
dYdX HYPE-USD0.0000%1h93.563+0.075%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.566+0.078%$23K$337K10xas long as short
Derive HYPE-PERP+0.0001%1h93.475−0.019%$16.4M$7.1M10xas long as short
gTrade (Gains Network) HYPE/USDshortL +0.0002% / S −0.0001%1h93.551+0.062%$20K150x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0018%4h93.515+0.024%$8.9M$35.8M300xas long as short
Gate HYPE_USDT+0.0028%4h93.498+0.005%$44.1M$56.6M75xas long as short
Bybit HYPEUSDT+0.0037%8h93.490−0.003%$325.6M$287.2M75xas long as short
Orderly PERP_HYPE_USDC+0.0068%4h93.527+0.036%$175K$536K20xas long as short
Phoenix HYPE+0.0068%1h93.549+0.060%$216K$1.2M10xas long as short
Popdex HYPEUSDT+0.0072%1h93.547+0.058%$57K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.543+0.054%$18.5M$59.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.522+0.031%$3.1M$12.3M20xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.504+0.012%$340K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.570+0.082%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.546+0.057%$6.0M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.575+0.088%$2.04B$669.5M10xas long as short
Pacifica HYPE+0.0100%1h93.513+0.021%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.488−0.005%$385.7M$887.5M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.503+0.011%$114.8M$315.1M50xas long as short
Arcus HYPE-USD+0.0100%1h93.485−0.009%$1.2M$4.0M10xas long as short
MEXC HYPE_USDT+0.0100%4h93.495+0.002%$93.5M$82.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.501+0.008%$46.4M$18.8M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.519+0.028%$227.2M$102.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.490−0.003%$54.2Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.549+0.060%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.541+0.051%$28.9M$49.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.500+0.008%$7.5M$45.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.572+0.084%$406K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.599+0.113%$677K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.600+0.114%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.594+0.108%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.520+0.029%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.599+0.113%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.505+0.013%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.546+0.057%$12.7M$2.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.556+0.068%$204K$12K10xas long as short
Extended HYPE-USDlong+0.0104%1h93.493long leg$18.4M$41.1M50x
Aevo HYPE-PERP+0.0104%1h93.550+0.060%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0115%4h93.532+0.041%$5.1M$29.6M30xas long as short
Kalshi KXHYPEPERP+0.0126%8h93.629+0.145%$1.9M$5.3M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0145%1h93.615+0.130%$7.4M$4.6M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.600+0.114%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.547+0.057%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.490−0.003%$30K$231K12xas long as short
HTX HYPE-USDT+0.0333%4h93.724+0.247%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0164%1h93.563+0.075%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.545+0.056%$17.1M$12.5M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.615+0.130%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.608+0.123%$19.2M$26.0M50xas long as short