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 01:00 UTC+0.0178%/8h= +19.5% APRpaid last 24h +0.033%
Price spread now: Lighter against Gate+0.120%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$230.225% of the position
Long on GateShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days+0.073%+$7 on $10k
Price spread, last 7 days−0.099%−$10 · spread now +0.120%, 7d avg +0.040%
Together, before fees−0.025%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.080% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.040%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate HYPE_USDT93.499−0.0082get 0.0041% / 4h3h 18m$44.3M$60.0M75x
ShortLighter HYPE93.6110.0096get 0.0012% / 1h18m 50s$19.1M$60.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
$37.38
Price spread: +0.120% → +0.040%
$7.98
Slippage, 4 orders
−$7.53
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Lighter: 0 bp × 2 orders
$0
Net
$22.82
Costs to cover
0.225%
Break-even
2.7 days
Slippage from Gate: live order book, 5 min ago; Lighter: 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 Lighter live order book, 5 min ago0.55 bp0.7 bp −$12.0 bp −$2011.9 bp −$1,18742.8 bp −$21.4K

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+0.275%$198K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.675+0.188%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0194%1h94.033+0.572%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0153%1h93.910+0.440%$710K$959K10xas long as short
dYdX HYPE-USD−0.0111%1h93.863+0.389%$129K$31K5xas long as short
Bullet HYPE-USD−0.0100%1h93.644+0.155%$112K$581K20xas long as short
01 Exchange HYPEUSD−0.0088%1h93.769+0.289%$86K$360K20xas long as short
Gate HYPE_USDTlong−0.0082%4h93.499long leg$44.3M$60.0M75x
Hotstuff HYPE-PERP−0.0080%1h93.782+0.303%$3K$33125xas long as short
Bybit HYPEUSDT−0.0029%8h93.500+0.001%$321.1M$280.4M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_HYPE_USDC−0.0025%4h93.609+0.118%$159K$645K20xas long as short
Phemex HYPEUSDT−0.0017%8h93.548+0.052%$12.7M$2.6M50xas long as short
Perpl HYPE0.0000%43m93.769+0.289%$23K$326K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.683+0.197%$27K—150xas long as short
Aster HYPEUSDT+0.0007%4h93.519+0.022%$8.9M$36.1M300xas long as short
Derive HYPE-PERP+0.0011%1h93.575+0.081%$16.4M$7.3M10xas long as short
Phoenix HYPE+0.0034%1h94.149+0.695%$219K$1.2M10xas long as short
Binance HYPEUSDT+0.0045%4h93.496−0.003%$381.4M$894.3M75xas long as short
MEXC HYPE_USDT+0.0048%4h93.500+0.001%$87.6M$83.1M100xas long as short
edgeX HYPEUSDC+0.0057%4h93.961+0.494%$5.1M$30.0M30xas long as short
OKX HYPE-USDT-SWAP+0.0074%8h93.510+0.012%$115.5M$316.2M50xas long as short
Bluefin HYPE-PERP+0.0085%1h93.617+0.126%$76K$170K20xas long as short
Lighter HYPEshort+0.0096%1h93.611+0.120%$19.1M$60.0M20x
Lighter RH HYPE+0.0096%1h93.607+0.116%$3.0M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.793+0.314%$64K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.584+0.091%$398K$180K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.794+0.316%$341K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.800+0.322%$20K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.757+0.275%$6.6M$44.8M10xas long as short
Hyperliquid HYPE+0.0100%1h93.590+0.097%$2.04B$675.1M10xas long as short
Pacifica HYPE+0.0100%1h93.786+0.307%$10.2M$14.6M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.562+0.067%$46.5M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.518+0.020%$226.7M$101.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.506+0.007%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.522+0.025%$7.7M$10.3M20xas long as short
Variational Omni HYPE+0.0100%8h93.939+0.471%$31.4M$54.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.991+0.526%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.940+0.472%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.838+0.363%$679K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.847+0.372%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.793+0.314%$480K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.687+0.201%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.561+0.066%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h94.151+0.697%$205K$2K10xas long as short
Extended HYPE-USD+0.0104%1h93.488−0.012%$18.7M$44.5M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.660+0.172%$4.9M$5.5M50xas long as short
BloFin HYPE-USDT+0.0179%4h93.552+0.057%$17.0M$12.1M75xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.490+1.060%$31K$338K12xas long as short
RISEx HYPE/USDC+0.0222%1h93.822+0.346%$2.7M$6.8M20xas long as short
Kalshi KXHYPEPERP+0.0227%8h93.641+0.152%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0252%1h93.754+0.272%$79K$142K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0155%1h93.676+0.190%$1.4M—100xas long as short
HTX HYPE-USDT+0.0374%4h93.750+0.268%$1.5M$6.1M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0401%1h93.711+0.227%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0674%1h93.648+0.160%$20.9M$29.8M50xas long as short