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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0174%/8h= +19.0% APRnext payment +$0.22 per $10,000 · paid last 24h +0.018%
Price spread now: Coinbase International against gTrade (Gains Network)+0.055%7-day average · 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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Coinbase International is 0.055% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) HYPE/USD93.299L +0.0002% / S −0.0002%pay 0.0000% / 1h38m 30s$62K150x
ShortCoinbase International HYPE-PERP-INTX93.3500.0176get 0.0022% / 1h38m 30s$4.9M$5.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against gTrade (Gains Network). 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
$36.48
Price spread: +0.055% → 0.000%
$5.5
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$21.98
Costs to cover
0.200%
Break-even
2.8 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Coinbase International: live order book, 5 min ago. 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 gTrade (Gains Network) no order-book sample
Sell Coinbase International live order book, 5 min ago3.21 bp8.7 bp −$913.4 bp −$13435.5 bp −$3,551doesn't fit
gTrade (Gains Network): 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
Hibachi HYPE/USDT-P−0.1280%1h93.334+0.038%$196K$226K7xas long as short
Arcus HYPE-USD−0.0899%1h93.216−0.089%$1.2M$3.8M10xas long as short
Bluefin HYPE-PERP−0.0185%1h93.253−0.049%$79K$170K20xas long as short
Ondo Perps HYPE-USD.P−0.0086%1h93.170−0.138%$700K$980K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.335+0.039%$3K$33125xas long as short
Phemex HYPEUSDT−0.0059%8h93.302+0.004%$12.6M$2.7M50xas long as short
01 Exchange HYPEUSD−0.0056%1h93.272−0.029%$85K$345K20xas long as short
Orderly PERP_HYPE_USDC−0.0046%4h93.270−0.031%$155K$633K20xas long as short
Aftermath Perps HYPEUSD−0.0040%1h93.403+0.111%$22K$21K10xas long as short
dYdX HYPE-USD0.0000%1h93.361+0.067%$128K$31K5xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.2990.000%$23K$322K10xas long as short
gTrade (Gains Network) HYPE/USDlongL +0.0002% / S −0.0002%1h93.299long leg$62K150x
Bullet HYPE-USD+0.0009%1h93.276−0.024%$111K$578K20xas long as short
Aster HYPEUSDT+0.0017%4h93.298−0.001%$8.8M$35.5M300xas long as short
Phoenix HYPE+0.0026%1h93.398+0.106%$213K$1.2M10xas long as short
BingX HYPE-USDT+0.0026%4h93.334+0.038%$53.0Mas long as short
Bybit HYPEUSDT+0.0032%8h93.280−0.020%$321.3M$277.2M75xas long as short
Gate HYPE_USDT+0.0050%4h93.330+0.034%$44.5M$54.8M75xas long as short
OKX HYPE-USDT-SWAP+0.0077%8h93.277−0.023%$114.1M$301.8M50xas long as short
Lighter HYPE+0.0096%1h93.363+0.069%$16.3M$61.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.360+0.066%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.300+0.001%$69K$1.2M50xas long as short
MEXC HYPE_USDT+0.0096%4h93.334+0.038%$89.8M$80.7M100xas long as short
Binance HYPEUSDT+0.0097%4h93.287−0.013%$378.6M$876.5M75xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.367+0.073%$339K$162K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.300+0.001%$17K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.352+0.057%$5.8M$43.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.408+0.117%$2.04B$653.2M10xas long as short
Pacifica HYPE+0.0100%1h93.366+0.072%$10.0M$14.6M20xas long as short
Bulk HYPE-USD+0.0100%1h93.580+0.302%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.372+0.079%$45.9M$18.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.328+0.031%$225.7M$96.7M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.270−0.031%$7.4M$10.3M20xas long as short
Variational Omni HYPE+0.0100%8h93.317+0.019%$31.1M$53.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.553+0.272%$7.6M$45.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.487+0.202%$340K$999K50xas long as short
StandX HYPE-USD+0.0100%1h93.323+0.026%$666K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.362+0.068%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.317+0.020%$471K$2.5M20xas long as short
Derive HYPE-PERP+0.0100%1h93.266−0.035%$16.2M$7.6M10xas long as short
SunX HYPE-USDT+0.0100%4h93.358+0.064%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.261−0.040%$2.0M$1.9M10xas long as short
Extended HYPE-USD+0.0104%1h93.301+0.002%$18.4M$43.6M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.269−0.032%$397K$162K20xas long as short
edgeX HYPEUSDC+0.0108%4h93.349+0.054%$5.1M$29.6M30xas long as short
Coinbase International HYPE-PERP-INTXshort+0.0176%1h93.350+0.055%$4.9M$5.4M50x
HTX HYPE-USDT+0.0197%4h93.450+0.162%$1.4M$6.0M75xas long as short
Reya HYPERUSDPERP+0.0257%1h93.278−0.022%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0278%8h93.362+0.068%$1.9M$5.1M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0318%1h93.368+0.074%$7.4M$4.4M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h93.306+0.008%$1.4M100xas long as short
BloFin HYPE-USDT+0.0337%4h93.271−0.030%$16.9M$11.6M75xas long as short
RISEx HYPE/USDC+0.0510%1h93.414+0.124%$3.2M$6.4M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.220−0.084%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0686%1h93.323+0.026%$20.7M$30.1M50xas long as short