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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC+0.0226%/8h= +24.7% APRpaid last 24h +0.016%
Price spread now: Coinbase International against Gate+0.143%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$390.392% of the position
Long on GateShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days−0.013%−$1 on $10k
Price spread, last 3 days (all we have)−0.161%−$16 · spread now +0.143%, 7d avg −0.007%
Together, before fees−0.174%−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.150% dearer against Gate than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.007%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.013% in total (about -0.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate HYPE_USDT93.526−0.0082get 0.0041% / 4h3h 19m$44.3M$60.0M75x
ShortCoinbase International HYPE-PERP-INTX93.6600.0144get 0.0018% / 1h19m 06s$4.9M$5.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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
$47.46
Price spread: +0.143% → −0.007%
$15.01
Slippage, 4 orders
−$14.24
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$23.23
Costs to cover
0.392%
Break-even
3.6 days
Slippage from Gate: live order book, 5 min ago; Coinbase International: live order book, 5 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 Gate live order book, 5 min ago0.80 bp10.8 bp −$1116.2 bp −$16234.1 bp −$3,41065.9 bp −$32.9K
Sell Coinbase International live order book, 5 min ago3.72 bp9.2 bp −$913.5 bp −$13536.5 bp −$3,646doesn'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−0.1312%1h93.756+0.246%$198K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.675+0.159%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0194%1h94.033+0.543%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0153%1h93.910+0.411%$710K$959K10xas long as short
dYdX HYPE-USD−0.0111%1h93.863+0.360%$129K$31K5xas long as short
Bullet HYPE-USD−0.0100%1h93.644+0.126%$112K$581K20xas long as short
01 Exchange HYPEUSD−0.0088%1h93.769+0.260%$86K$360K20xas long as short
Gate HYPE_USDTlong−0.0082%4h93.526long leg$44.3M$60.0M75x
Hotstuff HYPE-PERP−0.0080%1h93.782+0.274%$3K$33125xas long as short
Bybit HYPEUSDT−0.0029%8h93.530+0.004%$321.3M$280.4M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_HYPE_USDC−0.0025%4h93.609+0.089%$159K$645K20xas long as short
Phemex HYPEUSDT−0.0017%8h93.548+0.024%$12.7M$2.6M50xas long as short
Perpl HYPE0.0000%43m93.769+0.260%$23K$326K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.683+0.168%$27K—150xas long as short
Aster HYPEUSDT+0.0007%4h93.666+0.149%$8.9M$36.1M300xas long as short
Derive HYPE-PERP+0.0011%1h93.575+0.052%$16.4M$7.3M10xas long as short
Phoenix HYPE+0.0034%1h94.149+0.666%$219K$1.2M10xas long as short
Binance HYPEUSDT+0.0045%4h93.529+0.003%$381.5M$894.2M75xas long as short
MEXC HYPE_USDT+0.0048%4h93.538+0.013%$87.8M$83.0M100xas long as short
edgeX HYPEUSDC+0.0057%4h93.961+0.465%$5.1M$30.0M30xas long as short
OKX HYPE-USDT-SWAP+0.0074%8h93.527+0.001%$115.5M$316.3M50xas long as short
Bluefin HYPE-PERP+0.0085%1h93.617+0.097%$76K$170K20xas long as short
Lighter HYPE+0.0096%1h93.611+0.091%$19.1M$60.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.607+0.087%$3.0M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.793+0.285%$64K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.584+0.062%$398K$180K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.794+0.287%$341K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.800+0.293%$20K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.757+0.246%$6.6M$44.8M10xas long as short
Hyperliquid HYPE+0.0100%1h93.590+0.068%$2.04B$675.1M10xas long as short
Pacifica HYPE+0.0100%1h93.786+0.278%$10.2M$14.6M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.525−0.001%$46.5M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.536+0.011%$226.8M$101.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.524−0.002%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.522−0.004%$7.7M$10.3M20xas long as short
Variational Omni HYPE+0.0100%8h93.939+0.442%$31.4M$54.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.991+0.497%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.940+0.443%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.838+0.334%$679K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.847+0.343%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.793+0.285%$480K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.687+0.172%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.561+0.037%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h94.151+0.668%$205K$2K10xas long as short
Extended HYPE-USD+0.0104%1h93.596+0.075%$18.8M$44.5M50xas long as short
Coinbase International HYPE-PERP-INTXshort+0.0144%1h93.660+0.143%$4.9M$5.5M50x
BloFin HYPE-USDT+0.0179%4h93.552+0.028%$17.0M$12.1M75xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.490+1.031%$31K$338K12xas long as short
RISEx HYPE/USDC+0.0222%1h93.822+0.317%$2.7M$6.8M20xas long as short
Kalshi KXHYPEPERP+0.0227%8h93.641+0.123%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0252%1h93.754+0.243%$79K$142K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0155%1h93.676+0.161%$1.4M—100xas long as short
HTX HYPE-USDT+0.0374%4h93.750+0.240%$1.5M$6.1M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0401%1h93.711+0.198%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0674%1h93.648+0.131%$20.9M$29.8M50xas long as short