TxFlow Level Up: trade perps and earn up to 300 USDC at $4M volume. Until Nov 2 Join
Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

HYPE

All HYPE markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
GRVTHYPE_USDT_Perp
91.225+0.0100pay 0.0050% / 4h2h 59m$7.1M$56.3M10xLong GRVT
SHORT
AvantisHYPE/USD
91.471L +0.0233S +0.0041pay 0.0005% / 1h59m 16s$176K—20xShort Avantis
Price gap+0.270%
Funding gap−0.0141% /8h

The gap pays +$34 on $10k if it goes back to its 7d average, but funding costs $4 a day and eats that in about 8.1 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$34−0.0141% /8h now · paid −0.337% over the last 7D
Price+$34spread +0.270% now, avg −0.073% → +0.343% if it goes back
Costsno datano order book for Avantis
Result, before costs+$1+0.01%+ Points / potential airdropGRVT: points · Avantis: Season 3 · farm boardcosts unknown: no order book for Avantis · What the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
PRICE SPREAD · 7D
Now+0.270%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

HYPE on 54 exchanges

lowest funding first

Before you open

3 ok · 2 to watch
  • Note: Order book unknown—
    No order-book sample for Avantis: its slippage is not counted.
  • Note: Margin at max leverage$1,000 + $500
    GRVT 10x, Avantis 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ4h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$4.23Long GRVT: 6 payments, −$3.00; short Avantis: 24 payments, −$1.23.
  • OK: Entry gap works for you+0.270% vs −0.073%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$176K vs $7.1M OI
    Avantis sets your exit cost. Check its book before closing.
  • OK: Points on a legGRVT points · Avantis Season 3
    Volume here counts toward the points program.
  • OK: No KYC on either legGRVT No · Avantis No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0160%/8h × 21 periods−$33.67
Price spread+0.270% → −0.073% (7d avg)+$34.29
Slippage, 4 ordersno data for Avantis—
Fee GRVT bp × 2 orders−$9.00
Fee Avantis bp × 2 orders−$9.00
Net, fees only · 7 days · $10k−$17.38
Costs to cover0.180%Break-evenfrom the start
Slippage: GRVT: live order book, 4 min ago; Avantis: no order-book sample

Cost to enter

taker + slippage from mid, one side
BUY · LONGGRVT0.164.7 bp−$55.7 bp−$57doesn’t fitdoesn’t fit
SELL · SHORTAvantis—————

Closing costs about the same again.
Avantis: no data.

Alert

HYPE news

posts that mention HYPE, from every exchangeSearch all news →
10-29 19:14Vest MarketsProductPlatform Update | Funded Accounts $HYPE is now available on Funded Accounts, in both Evaluation and Live, with up to 5x leverage. @VestExchange on X ↗
10-29 18:30OKXOtherA fresh X Drops Club just landed in Europe: @CetusProtocol Trade CETUS, HYPE, ENA, LIT, GRASS, GRVT, FET, HUMA or LINK for a share of 4.5M $CETUS, with CETUS trades counting 5×. This one moves fast. Get in before Nov 1. @okx on X ↗
10-29 16:31Markets by KinetiqOtherJUST IN: Elon Musk reacts to billionaire investor Stan Druckenmiller backing 24/7 Hyperliquid perpetual futures trading in the U.S. with one word: “Interesting.” $HYPE surges to $94. @Markets_xyz on X ↗
10-29 13:57Markets by KinetiqProductBREAKING: Billionaire investor Stan Druckenmiller announces in his FIRST-EVER tweet that he has invested in trade[XYZ]. He backs its partnership with NYSE owner ICE to bring 24/7 perpetual futures powered by Hyperliquid to the U.S. $HYPE surges past $91. @Markets_xyz on X ↗
10-29 01:06DeriveOtherHow it works: 📈 Trade any HYPE option or multi-leg on the 13 Nov expiry ✅ Realized PnL only (closed or settled) 🏆 Top 10 by ROI share 250 kHYPE One entry per wallet, using your best position. Share your PnL card with @DeriveXYZ on X ↗
10-29 01:06DeriveContestRoad to Expiry is live Derive x @Kinetiq_xyz: a HYPE options contest with a ~$40k prize pool. Trade the 13 Nov HYPE expiry. Highest realized ROI wins. Read more👇 @DeriveXYZ on X ↗