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−0.0008%/8h= −0.9% APRnext payment $0.01 per $10,000 · paid last 24h −0.002%
Price spread now: Lighter RH against Extended+0.027%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$80.085% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.085%−$9 on $10k
Price spread, last 7 days−0.030%−$3 · spread now +0.027%, 7d avg +0.024%
Together, before fees−0.116%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board−$12 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended HYPE-USD93.6040.0104pay 0.0013% / 1h26m 46s$18.3M$41.1M50x
ShortLighter RH HYPE93.6300.0096get 0.0012% / 1h26m 46s$3.1M$12.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH 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
−$1.68
Price spread: +0.027% → +0.024%
$0.36
Slippage, 4 orders
−$3.49
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$9.81
Costs to cover
0.085%
Break-even
never at this rate
Slippage from Extended: live order book, 2 min ago; Lighter RH: 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 −$35.1 bp −$5123.2 bp −$2,316doesn't fit
Sell Lighter RH live order book, 2 min ago1.23 bp1.5 bp −$12.4 bp −$2427.1 bp −$2,713doesn'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−0.1016%1h93.493−0.119%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0279%1h93.540−0.069%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0252%1h93.510−0.101%$701K$940K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.557−0.051%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.582−0.024%$90K$349K20xas long as short
Bullet HYPE-USD−0.0037%1h93.584−0.022%$112K$583K20xas long as short
Derive HYPE-PERP−0.0009%1h93.553−0.055%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.563−0.044%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.583−0.023%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.631+0.028%$20K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0019%4h93.625+0.022%$9.0M$35.8M300xas long as short
Gate HYPE_USDT+0.0024%4h93.612+0.008%$44.0M$56.9M75xas long as short
Bybit HYPEUSDT+0.0036%8h93.634+0.032%$326.1M$286.8M75xas long as short
Orderly PERP_HYPE_USDC+0.0067%4h93.598−0.007%$175K$535K20xas long as short
Phoenix HYPE+0.0068%1h93.590−0.015%$216K$1.2M10xas long as short
Popdex HYPEUSDT+0.0072%1h93.561−0.046%$57K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.651+0.050%$18.6M$59.6M20xas long as short
Lighter RH HYPEshort+0.0096%1h93.630+0.027%$3.1M$12.3M20x
Paradex HYPE-USD-PERP+0.0100%8h93.568−0.039%$340K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.580−0.026%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.559−0.048%$6.0M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.690+0.091%$2.04B$669.7M10xas long as short
Pacifica HYPE+0.0100%1h93.576−0.030%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.630+0.027%$386.3M$887.7M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.640+0.038%$115.0M$315.6M50xas long as short
Arcus HYPE-USD+0.0100%1h93.536−0.073%$1.2M$4.0M10xas long as short
MEXC HYPE_USDT+0.0100%4h93.610+0.006%$93.6M$82.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.629+0.026%$46.5M$18.7M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.684+0.085%$227.6M$102.1M75xas long as short
BingX HYPE-USDT+0.0100%4h93.619+0.016%$54.2Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.644+0.042%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.541−0.068%$28.9M$49.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.580−0.026%$7.5M$45.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.558−0.050%$406K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.586−0.020%$677K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.595−0.010%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.614+0.010%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.635+0.033%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.601−0.004%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.596−0.009%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.601−0.004%$12.8M$2.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.556−0.051%$204K$12K10xas long as short
Extended HYPE-USDlong+0.0104%1h93.604long leg$18.3M$41.1M50x
Aevo HYPE-PERP+0.0104%1h93.611+0.007%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0116%4h93.544−0.065%$5.1M$29.6M30xas long as short
Kalshi KXHYPEPERP+0.0127%8h93.658+0.057%$1.9M$5.3M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0134%1h93.693+0.095%$7.4M$4.6M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.640+0.038%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.563−0.044%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.500−0.112%$30K$291K12xas long as short
HTX HYPE-USDT+0.0318%4h93.707+0.110%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0164%1h93.624+0.020%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.597−0.008%$17.1M$12.5M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.629+0.026%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0572%1h93.707+0.109%$19.2M$26.0M50xas long as short