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+0.0098%/8h= +10.7% APRpaid last 24h +0.005%
Price spread now: OKX against gTrade (Gains Network)−0.020%53s7-day average · 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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) HYPE/USD93.439L +0.0002% / S −0.0002%pay 0.0000% / 1h54m 35s$62K150x
ShortOKX HYPE-USDT-SWAP93.4200.0100get 0.0100% / 8h2h 54m$114.8M$308.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$20.52
Price spread: −0.020% → 0.000%
−$1.99
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$1.47
Costs to cover
0.200%
Break-even
7.5 days
Slippage unknown: gTrade (Gains Network): no order-book sample; OKX: 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 OKX live order book, 5 min ago0.05 bp5.8 bp −$68.1 bp −$8117.4 bp −$1,743doesn'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−0.1904%1h93.383−0.060%$196K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0360%1h93.438−0.001%$22K$21K10xas long as short
Bullet HYPE-USD−0.0158%1h93.388−0.054%$112K$578K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.434−0.005%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0040%1h93.407−0.034%$87K$365K20xas long as short
Orderly PERP_HYPE_USDC−0.0036%4h93.427−0.012%$146K$663K20xas long as short
Ondo Perps HYPE-USD.P−0.0022%1h93.540+0.109%$705K$1.2M10xas long as short
dYdX HYPE-USD0.0000%1h93.453+0.015%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.466+0.029%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDlongL +0.0002% / S −0.0002%1h93.439long leg$62K150x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus HYPE-USD+0.0011%1h93.366−0.078%$1.0M$3.9M10xas long as short
Bitget HYPEUSDT+0.0022%4h93.419−0.021%$226.1M$99.1M75xas long as short
Phemex HYPEUSDT+0.0022%8h93.469+0.033%$12.6M$2.7M50xas long as short
Bybit HYPEUSDT+0.0024%8h93.400−0.041%$317.7M$283.6M75xas long as short
Phoenix HYPE+0.0026%1h93.546+0.115%$209K$1.2M10xas long as short
Bluefin HYPE-PERP+0.0077%1h93.400−0.041%$79K$167K20xas long as short
Gate HYPE_USDT+0.0092%4h93.387−0.055%$46.2M$53.8M75xas long as short
edgeX HYPEUSDC+0.0092%4h93.577+0.148%$5.0M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.444+0.006%$340K$162K20xas long as short
Lighter HYPE+0.0096%1h93.416−0.025%$16.1M$62.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.423−0.017%$3.1M$11.4M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.393−0.049%$77K$1.1M50xas long as short
Katana Perps HYPE-USD+0.0099%8h93.420−0.020%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.405−0.036%$7.0M$47.8M10xas long as short
Hyperliquid HYPE+0.0100%1h93.471+0.035%$2.04B$665.2M10xas long as short
Aster HYPEUSDT+0.0100%4h93.401−0.040%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.433−0.006%$10.1M$15.3M20xas long as short
Binance HYPEUSDT+0.0100%4h93.394−0.048%$374.6M$910.6M75xas long as short
OKX HYPE-USDT-SWAPshort+0.0100%8h93.420−0.020%$114.8M$308.1M50x
Bulk HYPE-USD+0.0100%1h93.328−0.118%$203K$3K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.395−0.047%$92.1M$80.1M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.422−0.018%$46.1M$18.5M75xas long as short
BingX HYPE-USDT+0.0100%4h93.388−0.054%$54.0Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.476+0.040%$7.3M$11.1M20xas long as short
Variational Omni HYPE+0.0100%8h93.529+0.096%$28.7M$56.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.637+0.212%$7.6M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.532+0.100%$343K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.573+0.144%$669K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.487+0.051%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.443+0.005%$490K$2.7M20xas long as short
Derive HYPE-PERP+0.0100%1h93.414−0.026%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.412−0.028%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.443+0.005%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.580+0.151%$1.4M$6.4M75xas long as short
Extended HYPE-USD+0.0104%1h93.359−0.085%$18.1M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.423−0.017%$395K$161K20xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.470+0.034%$30K$339K12xas long as short
Kalshi KXHYPEPERP+0.0133%8h93.531+0.099%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.470+0.034%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0267%1h93.391−0.051%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.433−0.006%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.441+0.003%$16.9M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0341%1h93.508+0.074%$20.8M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0403%1h93.523+0.090%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.450+0.012%$3.2M$6.3M20xas long as short