Funding arb · Price arb /

HYPE

all HYPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.062%

Price spread now: HTX against Gate+0.053%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$440.441% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.128%+$13 on $10k

Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.053%, 7d avg +0.069%

Together, before fees+0.017%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HYPE_USDT	93.301	0.0100	pay 0.0050% / 4h	2h 23m	$46.9M	$54.4M	75x
Short	HTX HYPE-USDT	93.350	0.0100	get 0.0050% / 4h	2h 23m	$1.4M	$6.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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

Position, each leg$Hold fordaysFee GatebpFee HTXbpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → +0.069%: −$1.69
Slippage, 4 orders: −$17.09
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$45.78
Costs to cover: 0.441%
Break-even: never at this rate

Slippage from Gate: live order book, 6 min ago; HTX: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 6 min ago	0.32 bp	10.4 bp −$10	15.7 bp −$157	34.6 bp −$3,458	59.4 bp −$29.7K
Sell HTX live order book, 1 min ago	1.02 bp	9.7 bp −$10	14.6 bp −$146	46.2 bp −$4,619	doesn't fit

HYPE on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.1424%	1h	93.245	−0.060%	$197K	$237K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0377%	1h	93.214	−0.093%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.266	−0.038%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0061%	1h	93.199	−0.109%	$111K	$581K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0021%	4h	93.238	−0.068%	$145K	$672K	20x	as long as short
01 Exchange HYPEUSD	−0.0008%	1h	93.211	−0.096%	$87K	$365K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.304	+0.003%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.246	−0.059%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.239	−0.067%	$62K	—	150x	as long as short
Arcus HYPE-USD	+0.0011%	1h	93.171	−0.139%	$1.0M	$3.9M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget HYPEUSDT	+0.0014%	4h	93.309	+0.009%	$225.1M	$98.9M	75x	as long as short
Bybit HYPEUSDT	+0.0019%	8h	93.300	−0.001%	$316.8M	$282.2M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	93.255	−0.049%	$207K	$1.2M	10x	as long as short
Ondo Perps HYPE-USD.P	+0.0032%	1h	93.240	−0.065%	$702K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0060%	8h	93.318	+0.018%	$12.7M	$2.8M	50x	as long as short
edgeX HYPEUSDC	+0.0085%	4h	93.101	−0.214%	$4.9M	$29.9M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0094%	8h	93.290	−0.011%	$339K	$157K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.288	−0.014%	$16.1M	$63.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.288	−0.014%	$3.1M	$11.5M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.191	−0.118%	$75K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.190	−0.119%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.210	−0.097%	$8.0M	$48.3M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.355	+0.058%	$2.03B	$665.6M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.308	+0.007%	$8.7M	$36.3M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.258	−0.046%	$10.0M	$15.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.356	+0.059%	$374.4M	$911.8M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.313	+0.013%	$114.5M	$309.3M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.230	−0.076%	$215K	$15K	10x	as long as short
Gate HYPE_USDTlong	+0.0100%	4h	93.301	long leg	$46.9M	$54.4M	75x
MEXC HYPE_USDT	+0.0100%	4h	93.321	+0.021%	$90.4M	$81.4M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.289	−0.013%	$46.1M	$18.8M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.342	+0.044%	—	$53.8M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.329	+0.030%	$7.1M	$10.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.070	−0.248%	$28.4M	$56.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.294	−0.008%	$7.5M	$47.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.095	−0.221%	$341K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.345	+0.047%	$668K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.283	−0.020%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.208	−0.100%	$483K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.275	−0.028%	$79K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.258	−0.046%	$16.1M	$7.4M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.224	−0.083%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.278	−0.025%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDTshort	+0.0100%	4h	93.350	+0.053%	$1.4M	$6.5M	75x
Extended HYPE-USD	+0.0104%	1h	93.247	−0.058%	$18.1M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.249	−0.055%	$394K	$158K	20x	as long as short
Kalshi KXHYPEPERP	+0.0108%	8h	93.314	+0.014%	$1.8M	$5.6M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	93.140	−0.173%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.250	−0.055%	$4.6M	$5.8M	50x	as long as short
Reya HYPERUSDPERP	+0.0269%	1h	93.183	−0.127%	$80K	$127K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.221	−0.086%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.312	+0.012%	$16.8M	$11.9M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0341%	1h	93.327	+0.028%	$20.8M	$29.5M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0436%	1h	93.348	+0.050%	$7.5M	$4.0M	50x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	93.269	−0.034%	$3.2M	$6.2M	20x	as long as short