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 −0.021%
Price spread now: Hotstuff against Gate−0.294%7-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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Hotstuff is 0.294% cheaper against Gate than usual: you would sell low and buy high (−$29 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate HYPE_USDT93.5740.0056pay 0.0028% / 4h1h 45m$44.6M$54.5M75x
ShortHotstuff HYPE-PERP93.299−0.0080pay 0.0010% / 1h45m 55s$3K$33125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff 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
−$28.56
Price spread: −0.294% → 0.000%
−$29.39
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$77.95
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Gate: live order book, 3 min ago; Hotstuff: 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 Gate live order book, 3 min ago0.27 bp11.6 bp −$1215.2 bp −$15232.5 bp −$3,25057.2 bp −$28.6K
Sell Hotstuff no order-book sample
Hotstuff: 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−0.1208%1h93.237−0.361%$196K$226K7xas long as short
Arcus HYPE-USD−0.0899%1h93.226−0.372%$1.2M$3.8M10xas long as short
Bluefin HYPE-PERP−0.0177%1h93.373−0.215%$79K$170K20xas long as short
Hotstuff HYPE-PERPshort−0.0080%1h93.299−0.294%$3K$33125x
Phemex HYPEUSDT−0.0072%8h93.372−0.216%$12.6M$2.7M50xas long as short
Orderly PERP_HYPE_USDC−0.0047%4h93.374−0.214%$156K$630K20xas long as short
01 Exchange HYPEUSD−0.0040%1h93.387−0.200%$85K$346K20xas long as short
Aftermath Perps HYPEUSD−0.0030%1h93.294−0.299%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0001%1h93.280−0.314%$698K$970K10xas long as short
dYdX HYPE-USD0.0000%1h93.346−0.243%$128K$31K5xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.345−0.245%$23K$322K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.393−0.193%$62K150xas long as short
BingX HYPE-USDT+0.0008%4h93.578+0.004%$53.0Mas long as short
Aster HYPEUSDT+0.0008%4h93.452−0.131%$8.8M$35.6M300xas long as short
Phoenix HYPE+0.0026%1h93.418−0.167%$213K$1.2M10xas long as short
Bybit HYPEUSDT+0.0028%8h93.530−0.047%$322.9M$276.4M75xas long as short
Bullet HYPE-USD+0.0053%1h93.377−0.211%$111K$577K20xas long as short
Gate HYPE_USDTlong+0.0056%4h93.574long leg$44.6M$54.5M75x
OKX HYPE-USDT-SWAP+0.0078%8h93.535−0.042%$114.6M$302.5M50xas long as short
MEXC HYPE_USDT+0.0088%4h93.581+0.007%$87.9M$80.2M100xas long as short
Binance HYPEUSDT+0.0090%4h93.557−0.018%$379.9M$876.9M75xas long as short
Lighter HYPE+0.0096%1h93.416−0.169%$16.3M$61.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.404−0.182%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.368−0.220%$68K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.378−0.209%$339K$162K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.340−0.250%$19K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.311−0.282%$5.8M$43.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.450−0.133%$2.04B$654.4M10xas long as short
Pacifica HYPE+0.0100%1h93.350−0.239%$10.0M$14.6M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.529−0.048%$46.0M$18.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.540−0.036%$226.2M$96.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.386−0.201%$7.4M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.339−0.251%$31.1M$54.0Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.362−0.227%$7.5M$46.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.280−0.314%$339K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.252−0.344%$665K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.403−0.183%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.396−0.190%$475K$2.5M20xas long as short
Derive HYPE-PERP+0.0100%1h93.373−0.215%$16.2M$7.6M10xas long as short
SunX HYPE-USDT+0.0100%4h93.479−0.102%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.400−0.186%$2.0M$1.9M10xas long as short
Bulk HYPE-USD+0.0100%1h92.998−0.616%$202K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.502−0.077%$18.3M$43.6M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.385−0.202%$397K$170K20xas long as short
edgeX HYPEUSDC+0.0104%4h93.274−0.320%$5.0M$29.9M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.450−0.133%$4.9M$5.4M50xas long as short
HTX HYPE-USDT+0.0203%4h93.500−0.079%$1.4M$6.0M75xas long as short
Reya HYPERUSDPERP+0.0257%1h93.366−0.222%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0280%8h93.394−0.192%$1.9M$5.0M2.3xas long as short
BloFin HYPE-USDT+0.0329%4h93.267−0.328%$11.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0156%1h93.398−0.188%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0392%1h93.481−0.099%$7.5M$4.4M50xas long as short
RISEx HYPE/USDC+0.0510%1h93.437−0.146%$3.2M$6.5M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.150−0.453%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0685%1h93.452−0.130%$20.8M$30.1M50xas long as short