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% APRnext payment $0.00 per $10,000 · paid last 24h −0.009%
Price spread now: Vest against Extended+0.118%7-day average +0.042% · 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)−0.129%−$13 on $10k
Price spread, last 4 days (all we have)+0.220%+$22 · spread now +0.118%, 7d avg +0.042%
Together, before fees+0.091%+ Points / potential airdropExtended: Active · Vest: Active · farm board+$9 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: Vest is 0.076% dearer against Extended than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.042%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended HYPE-USD92.3720.0104pay 0.0013% / 1h50m 01s$18.1M$43.4M50x
ShortVest HYPE-PERP92.4810.0100get 0.0013% / 1h50m 01s$243K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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: +0.118% → +0.042%
$7.61
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Vest: 1 bp × 2 orders
−$2
Net
−$0.23
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: Extended: live order book, 4 min ago; Vest: 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 bp2.8 bp −$34.9 bp −$4926.5 bp −$2,654doesn't fit
Sell Vest no order-book sample
Vest: 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%1h92.287−0.092%$1.2M$3.8M10xas long as short
Hibachi HYPE/USDT-P−0.0728%1h92.519+0.159%$194K$227K7xas long as short
Aftermath Perps HYPEUSD−0.0112%1h92.647+0.297%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0104%1h92.387+0.016%$85K$352K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.501+0.140%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0067%4h92.385+0.014%$157K$663K20xas long as short
Bullet HYPE-USD−0.0053%1h92.394+0.024%$110K$579K20xas long as short
Ondo Perps HYPE-USD.P−0.0047%1h92.360−0.013%$699K$1.1M10xas long as short
Aster HYPEUSDT−0.0005%4h92.369−0.003%$8.7M$36.2M300xas long as short
dYdX HYPE-USD0.0000%1h92.417+0.049%$127K$31K5xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m92.413+0.044%$23K$309K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.436+0.069%$61K150xas long as short
Derive HYPE-PERP+0.0020%1h92.367−0.005%$16.0M$7.5M10xas long as short
BingX HYPE-USDT+0.0032%4h92.393+0.023%$53.2Mas long as short
Phemex HYPEUSDT+0.0038%8h92.433+0.066%$12.5M$2.7M50xas long as short
Bybit HYPEUSDT+0.0038%8h92.352−0.022%$317.0M$279.2M75xas long as short
Phoenix HYPE+0.0043%1h92.855+0.523%$211K$1.2M10xas long as short
Gate HYPE_USDT+0.0050%4h92.381+0.010%$44.4M$54.5M75xas long as short
Popdex HYPEUSDT+0.0072%1h92.395+0.025%$67K$1.2M50xas long as short
OKX HYPE-USDT-SWAP+0.0074%8h92.356−0.017%$112.9M$300.5M50xas long as short
MEXC HYPE_USDT+0.0078%4h92.394+0.024%$87.5M$80.2M100xas long as short
Binance HYPEUSDT+0.0079%4h92.374+0.002%$371.4M$893.1M75xas long as short
Paradex HYPE-USD-PERP+0.0092%8h92.507+0.146%$338K$162K20xas long as short
Lighter HYPE+0.0096%1h92.411+0.042%$16.0M$62.0M20xas long as short
Lighter RH HYPE+0.0096%1h92.410+0.041%$3.1M$11.6M20xas long as short
Katana Perps HYPE-USD+0.0100%8h92.370−0.002%$13K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h92.400+0.030%$5.8M$43.1M10xas long as short
Hyperliquid HYPE+0.0100%1h92.440+0.074%$2.01B$658.6M10xas long as short
Pacifica HYPE+0.0100%1h92.441+0.074%$10.0M$14.9M20xas long as short
Bulk HYPE-USD+0.0100%1h92.800+0.463%$202K$13K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.414+0.045%$45.8M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h92.403+0.034%$223.6M$97.5M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.370−0.002%$7.4M$10.0M20xas long as short
Variational Omni HYPE+0.0100%8h92.469+0.105%$28.5M$57.1Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.799+0.462%$7.5M$45.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.847+0.514%$339K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h92.569+0.213%$664K$2.7M20xas long as short
Vest HYPE-PERPshort+0.0100%1h92.481+0.118%$243K5x
Polymarket Perps HYPE-USD+0.0100%1h92.438+0.071%$467K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h92.463+0.099%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.406+0.037%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h92.600+0.247%$1.4M$6.2M75xas long as short
edgeX HYPEUSDC+0.0103%4h92.776+0.437%$5.1M$29.2M30xas long as short
Extended HYPE-USDlong+0.0104%1h92.372long leg$18.1M$43.4M50x
Aevo HYPE-PERP+0.0104%1h92.434+0.067%$391K$164K20xas long as short
Injective HYPE/USDC PERP+0.0150%1h92.430+0.063%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0160%1h92.480+0.117%$4.7M$5.5M50xas long as short
Reya HYPERUSDPERP+0.0260%1h92.391+0.021%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0262%8h92.513+0.153%$1.8M$5.4M2.3xas long as short
BloFin HYPE-USDT+0.0317%4h92.544+0.186%$16.8M$11.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0329% / S −0.0153%1h92.424+0.057%$1.4M100xas long as short
Kraken Futures PF_HYPEUSD+0.0333%1h92.439+0.073%$20.5M$30.4M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0464%1h92.500+0.139%$7.5M$4.4M50xas long as short
RISEx HYPE/USDC+0.0687%1h92.479+0.116%$3.1M$6.4M20xas long as short
Bluefin HYPE-PERP+0.1078%1h92.386+0.015%$78K$169K20xas long as short