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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.039%
Price spread now: HTX against Extended+0.225%7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$290.289% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.025%+$2 on $10k
Price spread, last 4 days (all we have)−0.357%−$36 · spread now +0.225%, 7d avg +0.089%
Together, before fees−0.332%+ Points / potential airdropExtended: Active · farm board−$33 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: HTX is 0.136% dearer against Extended than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.089%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended HYPE-USD92.1630.0104pay 0.0013% / 1h47m 08s$18.1M$43.4M50x
ShortHTX HYPE-USDT92.3700.0100get 0.0050% / 4h47m 08s$1.4M$6.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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: +0.225% → +0.089%
$13.58
Slippage, 4 orders
−$11.92
Fee Extended: 2.5 bp × 2 orders
−$5
Fee HTX: 6 bp × 2 orders
−$12
Net
−$16.18
Costs to cover
0.289%
Break-even
never at this rate
Slippage from Extended: live order book, 2 min ago; HTX: live order book, 2 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, 2 min ago0.05 bp2.6 bp −$34.6 bp −$4625.9 bp −$2,594doesn't fit
Sell HTX live order book, 2 min ago0.05 bp11.3 bp −$1119.2 bp −$19284.2 bp −$8,419doesn'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
Arcus HYPE-USD−0.0948%1h92.199+0.039%$1.2M$3.8M10xas long as short
Hibachi HYPE/USDT-P−0.0648%1h92.231+0.073%$193K$228K7xas long as short
Aftermath Perps HYPEUSD−0.0124%1h92.461+0.323%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0120%1h92.209+0.050%$86K$352K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.187+0.026%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0070%4h92.190+0.029%$157K$663K20xas long as short
Bullet HYPE-USD−0.0064%1h92.248+0.092%$110K$580K20xas long as short
Ondo Perps HYPE-USD.P−0.0040%1h92.170+0.008%$699K$1.1M10xas long as short
Aster HYPEUSDT−0.0011%4h92.188+0.027%$8.6M$36.4M300xas long as short
dYdX HYPE-USD0.0000%1h92.238+0.081%$126K$31K5xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m92.283+0.130%$22K$310K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.260+0.105%$61K150xas long as short
BingX HYPE-USDT+0.0030%4h92.199+0.039%$53.2Mas long as short
Bybit HYPEUSDT+0.0037%8h92.170+0.008%$315.4M$280.8M75xas long as short
Derive HYPE-PERP+0.0041%1h92.169+0.006%$16.0M$7.5M10xas long as short
Phoenix HYPE+0.0043%1h92.430+0.290%$209K$1.2M10xas long as short
Gate HYPE_USDT+0.0046%4h92.193+0.032%$44.3M$54.7M75xas long as short
Phemex HYPEUSDT+0.0056%8h92.244+0.088%$12.5M$2.7M50xas long as short
OKX HYPE-USDT-SWAP+0.0076%8h92.174+0.012%$112.6M$300.5M50xas long as short
MEXC HYPE_USDT+0.0076%4h92.192+0.031%$87.1M$80.4M100xas long as short
Binance HYPEUSDT+0.0078%4h92.191+0.031%$370.6M$896.8M75xas long as short
Popdex HYPEUSDT+0.0080%1h92.257+0.102%$67K$1.2M50xas long as short
edgeX HYPEUSDC+0.0080%4h92.311+0.161%$4.9M$29.4M30xas long as short
Paradex HYPE-USD-PERP+0.0091%8h92.253+0.098%$338K$163K20xas long as short
ApeX Omni HYPEUSDT+0.0093%1h92.333+0.184%$337K$1.0M50xas long as short
Lighter HYPE+0.0096%1h92.213+0.054%$16.0M$62.2M20xas long as short
Lighter RH HYPE+0.0096%1h92.206+0.047%$3.1M$11.6M20xas long as short
Katana Perps HYPE-USD+0.0099%8h92.220+0.062%$13K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h92.287+0.134%$5.8M$43.2M10xas long as short
Hyperliquid HYPE+0.0100%1h92.230+0.073%$2.01B$663.0M10xas long as short
Pacifica HYPE+0.0100%1h92.260+0.106%$10.0M$15.0M20xas long as short
Bulk HYPE-USD+0.0100%1h92.800+0.691%$202K$13K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.240+0.083%$45.8M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h92.150−0.014%$223.1M$97.9M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.181+0.019%$7.2M$10.2M20xas long as short
Variational Omni HYPE+0.0100%8h92.469+0.332%$28.5M$57.1Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.327+0.178%$7.5M$45.9M10xas long as short
StandX HYPE-USD+0.0100%1h92.258+0.103%$663K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h92.271+0.118%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.267+0.113%$474K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h92.240+0.083%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.191+0.030%$2.0M$2.0M10xas long as short
HTX HYPE-USDTshort+0.0100%4h92.370+0.225%$1.4M$6.2M75x
Extended HYPE-USDlong+0.0104%1h92.163long leg$18.1M$43.4M50x
Aevo HYPE-PERP+0.0104%1h92.215+0.056%$390K$164K20xas long as short
Injective HYPE/USDC PERP+0.0150%1h93.000+0.908%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0160%1h92.260+0.105%$4.7M$5.5M50xas long as short
Reya HYPERUSDPERP+0.0260%1h92.223+0.065%$78K$140K15xas long as short
Kalshi KXHYPEPERP+0.0261%8h92.317+0.167%$1.8M$5.4M2.3xas long as short
BloFin HYPE-USDT+0.0311%4h92.180+0.018%$16.7M$11.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0329% / S −0.0153%1h92.254+0.099%$1.4M100xas long as short
Kraken Futures PF_HYPEUSD+0.0334%1h92.237+0.080%$20.5M$30.4M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0433%1h92.286+0.133%$7.5M$4.4M50xas long as short
Bluefin HYPE-PERP+0.0527%1h92.201+0.041%$78K$169K20xas long as short
RISEx HYPE/USDC+0.0687%1h92.349+0.202%$3.1M$6.4M20xas long as short