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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.069%
Price spread now: HTX against gTrade (Gains Network)+0.103%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 +$4 a day on $10k at the current rate, and HTX is 0.103% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$10 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/USD93.151L +0.0002% / S −0.0002%pay 0.0000% / 1h12m 20s$62K150x
ShortHTX HYPE-USDT93.2470.0138get 0.0069% / 4h1h 12m$1.4M$6.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
$28.59
Price spread: +0.103% → 0.000%
$10.25
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
$16.84
Costs to cover
0.220%
Break-even
2.9 days
Slippage unknown: gTrade (Gains Network): no order-book sample; HTX: live order book, 2 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 HTX live order book, 2 min ago2.63 bp9.5 bp −$1013.2 bp −$13247.5 bp −$4,749doesn'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−0.1000%1h93.101−0.054%$197K$227K7xas long as short
Arcus HYPE-USD−0.0899%1h92.998−0.165%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0134%1h93.040−0.120%$699K$1.0M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.088−0.068%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0056%1h93.114−0.040%$85K$345K20xas long as short
Aftermath Perps HYPEUSD−0.0050%1h93.224+0.078%$22K$21K10xas long as short
Orderly PERP_HYPE_USDC−0.0049%4h93.120−0.034%$155K$654K20xas long as short
dYdX HYPE-USD0.0000%1h93.083−0.073%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.132−0.021%$23K$319K10xas long as short
gTrade (Gains Network) HYPE/USDlongL +0.0002% / S −0.0002%1h93.151long leg$62K150x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet HYPE-USD+0.0012%1h93.095−0.061%$111K$579K20xas long as short
Phemex HYPEUSDT+0.0015%8h93.131−0.022%$12.6M$2.7M50xas long as short
Aster HYPEUSDT+0.0018%4h93.096−0.060%$8.8M$35.9M300xas long as short
Phoenix HYPE+0.0026%1h93.156+0.005%$212K$1.2M10xas long as short
BingX HYPE-USDT+0.0036%4h93.126−0.027%$52.9Mas long as short
Gate HYPE_USDT+0.0044%4h93.120−0.034%$44.5M$55.5M75xas long as short
Bybit HYPEUSDT+0.0047%8h93.115−0.039%$320.3M$277.2M75xas long as short
OKX HYPE-USDT-SWAP+0.0076%8h93.130−0.023%$113.6M$299.1M50xas long as short
Derive HYPE-PERP+0.0094%1h93.100−0.055%$16.1M$7.5M10xas long as short
Lighter HYPE+0.0096%1h93.135−0.018%$16.2M$62.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.133−0.020%$3.1M$11.7M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.101−0.054%$70K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.159+0.008%$339K$162K20xas long as short
MEXC HYPE_USDT+0.0098%4h93.104−0.051%$89.4M$81.2M100xas long as short
Binance HYPEUSDT+0.0098%4h93.132−0.021%$376.6M$880.1M75xas long as short
Katana Perps HYPE-USD+0.0100%8h93.120−0.034%$24K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.095−0.061%$5.8M$43.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.154+0.003%$2.03B$657.5M10xas long as short
Pacifica HYPE+0.0100%1h93.134−0.019%$10.0M$14.8M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.117−0.037%$45.8M$18.2M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.117−0.037%$225.2M$96.4M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.049−0.110%$7.3M$10.3M20xas long as short
Variational Omni HYPE+0.0100%8h93.377+0.242%$31.1M$53.8Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.364+0.228%$7.5M$45.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.292+0.151%$339K$998K50xas long as short
StandX HYPE-USD+0.0100%1h93.148−0.004%$665K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h93.139−0.013%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.139−0.013%$481K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.107−0.048%$79K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.158+0.007%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.125−0.028%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.155+0.004%$203K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.105−0.050%$18.3M$42.9M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.121−0.033%$396K$162K20xas long as short
edgeX HYPEUSDC+0.0117%4h93.295+0.154%$5.0M$29.1M30xas long as short
HTX HYPE-USDTshort+0.0138%4h93.247+0.103%$1.4M$6.0M75x
Coinbase International HYPE-PERP-INTX+0.0176%1h93.150−0.002%$4.8M$5.5M50xas long as short
Reya HYPERUSDPERP+0.0259%1h93.092−0.064%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0269%8h93.157+0.006%$1.9M$5.2M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0330% / S −0.0156%1h93.137−0.015%$1.4M100xas long as short
BloFin HYPE-USDT+0.0339%4h93.088−0.068%$17.0M$11.5M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0394%1h93.217+0.070%$7.4M$4.4M50xas long as short
RISEx HYPE/USDC+0.0510%1h93.194+0.045%$3.2M$6.3M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.730+0.621%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0687%1h93.182+0.032%$20.7M$29.8M50xas long as short