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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: SunX against Extended−0.158%7-day average +0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$630.633% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.015%−$2 on $10k
Price spread, last 4 days (all we have)+0.232%+$23 · spread now −0.158%, 7d avg +0.100%
Together, before fees+0.217%+ Points / potential airdropExtended: Active · farm board+$22 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: SunX is 0.257% cheaper against Extended than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of +0.100%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended HYPE-USD93.3710.0104pay 0.0013% / 1h22m 55s$18.1M$43.2M50x
ShortSunX HYPE-USDT93.2240.0100get 0.0050% / 4h2h 22m$32K$1.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: −0.158% → +0.100%
−$25.74
Slippage, 4 orders
−$50.26
Fee Extended: 2.5 bp × 2 orders
−$5
Fee SunX: 4 bp × 2 orders
−$8
Net
−$89.83
Costs to cover
0.633%
Break-even
never at this rate
Slippage from Extended: live order book, 1 min ago; SunX: live order book, 12 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, 1 min ago0.05 bp3.2 bp −$36.9 bp −$6926.3 bp −$2,627doesn't fit
Sell SunX live order book, 12 min ago19.34 bp33.4 bp −$33doesn't fitdoesn't fitdoesn'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−0.1424%1h93.245−0.135%$197K$237K7xas long as short
Aftermath Perps HYPEUSD−0.0377%1h93.214−0.168%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.266−0.113%$3K$33125xas long as short
Bullet HYPE-USD−0.0061%1h93.199−0.184%$111K$581K20xas long as short
Orderly PERP_HYPE_USDC−0.0021%4h93.238−0.143%$145K$672K20xas long as short
01 Exchange HYPEUSD−0.0008%1h93.211−0.172%$87K$365K20xas long as short
dYdX HYPE-USD0.0000%1h93.304−0.073%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.246−0.134%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.239−0.142%$62K150xas long as short
Arcus HYPE-USD+0.0011%1h93.171−0.215%$1.0M$3.9M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget HYPEUSDT+0.0014%4h93.381+0.010%$225.3M$99.0M75xas long as short
Bybit HYPEUSDT+0.0019%8h93.380+0.009%$317.1M$282.2M75xas long as short
Phoenix HYPE+0.0026%1h93.255−0.125%$207K$1.2M10xas long as short
Ondo Perps HYPE-USD.P+0.0032%1h93.240−0.141%$702K$1.2M10xas long as short
Phemex HYPEUSDT+0.0060%8h93.318−0.057%$12.7M$2.8M50xas long as short
edgeX HYPEUSDC+0.0085%4h93.101−0.289%$4.9M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0094%8h93.290−0.087%$339K$157K20xas long as short
Lighter HYPE+0.0096%1h93.288−0.089%$16.1M$63.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.288−0.089%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.191−0.193%$75K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.190−0.194%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.210−0.172%$8.0M$48.3M10xas long as short
Hyperliquid HYPE+0.0100%1h93.355−0.017%$2.03B$665.6M10xas long as short
Aster HYPEUSDT+0.0100%4h93.365−0.007%$8.7M$36.3M300xas long as short
Pacifica HYPE+0.0100%1h93.258−0.121%$10.0M$15.3M20xas long as short
Binance HYPEUSDT+0.0100%4h93.376+0.005%$374.4M$911.8M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.382+0.011%$114.6M$309.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.230−0.152%$215K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h93.301−0.075%$46.9M$54.4M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.403+0.034%$90.5M$81.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.361−0.011%$46.2M$18.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.374+0.003%$53.8Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.329−0.045%$7.1M$10.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.070−0.323%$28.4M$56.3Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.294−0.083%$7.5M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.095−0.296%$341K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.345−0.028%$668K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.283−0.095%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.208−0.175%$483K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.275−0.103%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.258−0.121%$16.1M$7.4M10xas long as short
SunX HYPE-USDTshort+0.0100%4h93.224−0.158%$32K$1.6M20x
SoDEX HYPE-USD+0.0100%1h93.278−0.100%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.350−0.023%$1.4M$6.5M75xas long as short
Extended HYPE-USDlong+0.0104%1h93.371long leg$18.1M$43.2M50x
Aevo HYPE-PERP+0.0104%1h93.249−0.131%$394K$158K20xas long as short
Kalshi KXHYPEPERP+0.0108%8h93.314−0.061%$1.8M$5.6M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.140−0.248%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.250−0.130%$4.6M$5.8M50xas long as short
Reya HYPERUSDPERP+0.0269%1h93.183−0.202%$80K$127K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.221−0.161%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.312−0.063%$16.8M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0341%1h93.327−0.048%$20.8M$29.5M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0436%1h93.348−0.025%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.269−0.109%$3.2M$6.2M20xas long as short