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−0.0066%/8h= −7.2% APRnext payment $0.08 per $10,000 · paid last 24h −0.035%
Price spread now: Ondo Perps against Extended−0.044%7-day average +0.031% · you buy dearer than you sell
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 7 days−0.155%−$16 on $10k
Price spread, last 7 days−0.075%−$7 · spread now −0.044%, 7d avg +0.031%
Together, before fees−0.230%+ Points / potential airdropExtended: Active · Ondo Perps: Active · farm board−$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Ondo Perps is 0.075% cheaper against Extended than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.031%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended HYPE-USD92.8400.0104pay 0.0013% / 1h2m 04s$18.1M$43.5M50x
ShortOndo Perps HYPE-USD.P92.8000.0038get 0.0005% / 1h2m 04s$697K$1.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
−$13.78
Price spread: −0.044% → +0.031%
−$7.49
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$31.27
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 2 min ago; Ondo Perps: 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, 2 min ago0.05 bp6.0 bp −$68.3 bp −$8329.7 bp −$2,975doesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: 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
Arcus HYPE-USD−0.0948%1h92.815−0.027%$1.1M$3.9M10xas long as short
Hibachi HYPE/USDT-P−0.0408%1h92.738−0.111%$194K$225K7xas long as short
Aftermath Perps HYPEUSD−0.0271%1h92.811−0.031%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.878+0.040%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0064%4h92.852+0.012%$157K$653K20xas long as short
dYdX HYPE-USD0.0000%1h92.865+0.026%$127K$29K5xas long as short
01 Exchange HYPEUSD0.0000%1h92.871+0.033%$86K$361K20xas long as short
Perpl HYPE0.0000%43m92.859+0.020%$22K$302K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.880+0.043%$62K150xas long as short
Phemex HYPEUSDT+0.0025%8h92.865+0.026%$12.5M$2.7M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet HYPE-USD+0.0029%1h92.837−0.004%$111K$579K20xas long as short
BingX HYPE-USDT+0.0036%4h92.869+0.031%$53.5Mas long as short
Ondo Perps HYPE-USD.Pshort+0.0038%1h92.800−0.044%$697K$1.1M10x
Phoenix HYPE+0.0043%1h92.755−0.092%$210K$1.2M10xas long as short
Bybit HYPEUSDT+0.0045%8h92.853+0.013%$316.7M$281.2M75xas long as short
Aster HYPEUSDT+0.0066%4h92.876+0.038%$8.7M$36.1M300xas long as short
Bitget HYPEUSDT+0.0088%4h92.873+0.035%$224.8M$98.7M75xas long as short
edgeX HYPEUSDC+0.0094%4h92.749−0.099%$4.9M$29.6M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h92.887+0.050%$339K$163K20xas long as short
Lighter HYPE+0.0096%1h92.882+0.044%$16.1M$62.8M20xas long as short
Lighter RH HYPE+0.0096%1h92.886+0.049%$3.1M$11.8M20xas long as short
Popdex HYPEUSDT+0.0096%1h92.859+0.020%$69K$1.1M50xas long as short
OKX HYPE-USDT-SWAP+0.0097%8h92.866+0.027%$113.9M$303.6M50xas long as short
Katana Perps HYPE-USD+0.0099%8h92.850+0.010%$38K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h92.856+0.016%$7.5M$45.7M10xas long as short
Hyperliquid HYPE+0.0100%1h92.904+0.068%$2.02B$663.2M10xas long as short
Pacifica HYPE+0.0100%1h92.891+0.054%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h92.873+0.035%$373.1M$902.4M75xas long as short
Bulk HYPE-USD+0.0100%1h92.800−0.044%$202K$13K10xas long as short
Gate HYPE_USDT+0.0100%4h92.862+0.023%$44.5M$55.4M75xas long as short
MEXC HYPE_USDT+0.0100%4h92.873+0.035%$88.2M$81.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.875+0.037%$46.1M$18.4M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.877+0.039%$7.3M$11.3M20xas long as short
Variational Omni HYPE+0.0100%8h92.689−0.163%$28.5M$57.4Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.776−0.070%$7.5M$46.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.773−0.073%$350K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h92.867+0.029%$667K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h92.900+0.065%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.902+0.066%$468K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.867+0.029%$79K$168K20xas long as short
Derive HYPE-PERP+0.0100%1h92.838−0.003%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h92.839−0.002%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.882+0.045%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h93.000+0.172%$1.4M$6.3M75xas long as short
Extended HYPE-USDlong+0.0104%1h92.840long leg$18.1M$43.5M50x
Aevo HYPE-PERP+0.0104%1h92.850+0.010%$393K$164K20xas long as short
Injective HYPE/USDC PERP+0.0150%1h92.960+0.129%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0160%1h92.920+0.086%$4.7M$5.5M50xas long as short
Kalshi KXHYPEPERP+0.0226%8h92.925+0.091%$1.8M$5.4M2.3xas long as short
Reya HYPERUSDPERP+0.0263%1h92.875+0.037%$79K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h92.857+0.017%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0331%1h92.962+0.131%$7.5M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0331%1h92.933+0.100%$20.6M$30.4M50xas long as short
BloFin HYPE-USDT+0.0340%4h92.869+0.031%$16.8M$11.6M75xas long as short
RISEx HYPE/USDC+0.0687%1h92.915+0.080%$3.2M$6.4M20xas long as short