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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%
Price spread now: Bitget against GRVT−0.245%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$220.224% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.058%−$6 on $10k
Price spread, last 7 days+0.252%+$25 · spread now −0.245%, 7d avg −0.022%
Together, before fees+0.193%+ Points / potential airdropGRVT: Active · farm board+$19 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.223% cheaper against GRVT than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of −0.022%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT HYPE_USDT_Perp93.6320.0100pay 0.0050% / 4h2h 13m$7.5M$45.3M10x
ShortBitget HYPEUSDT93.4030.0100get 0.0050% / 4h2h 13m$227.0M$102.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against GRVT. 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
$0
Price spread: −0.245% → −0.022%
−$22.29
Slippage, 4 orders
−$1.36
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$44.65
Costs to cover
0.224%
Break-even
never at this rate
Slippage from GRVT: live order book, 6 min ago; Bitget: live order book, 6 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 GRVT live order book, 6 min ago0.05 bp4.6 bp −$55.8 bp −$581769.8 bp −$177.0Kdoesn't fit
Sell Bitget live order book, 6 min ago0.05 bp6.7 bp −$714.2 bp −$142doesn't fitdoesn'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−0.0928%1h93.539−0.100%$198K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0264%1h93.617−0.017%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0233%1h93.440−0.206%$702K$932K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.537−0.102%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.470−0.174%$90K$346K20xas long as short
Bullet HYPE-USD−0.0025%1h93.421−0.226%$111K$581K20xas long as short
Derive HYPE-PERP−0.0025%1h93.364−0.287%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.567−0.070%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.445−0.200%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.451−0.194%$20K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0020%4h93.415−0.233%$8.9M$35.8M300xas long as short
Gate HYPE_USDT+0.0026%4h93.391−0.258%$43.9M$57.5M75xas long as short
Bybit HYPEUSDT+0.0034%8h93.380−0.270%$325.3M$287.1M75xas long as short
Popdex HYPEUSDT+0.0048%1h93.449−0.196%$59K$1.2M50xas long as short
Orderly PERP_HYPE_USDC+0.0058%4h93.425−0.222%$176K$520K20xas long as short
Phoenix HYPE+0.0068%1h93.605−0.029%$216K$1.2M10xas long as short
Lighter HYPE+0.0096%1h93.440−0.205%$18.6M$59.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.426−0.221%$3.1M$12.4M20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.479−0.164%$340K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.490−0.152%$37K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.445−0.200%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.513−0.128%$2.04B$670.8M10xas long as short
Pacifica HYPE+0.0100%1h93.511−0.130%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.379−0.271%$385.5M$889.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.385−0.264%$114.7M$315.3M50xas long as short
Arcus HYPE-USD+0.0100%1h93.440−0.206%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.690+0.061%$205K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.396−0.253%$93.4M$82.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.423−0.224%$46.3M$18.8M75xas long as short
Bitget HYPEUSDTshort+0.0100%4h93.403−0.245%$227.0M$102.5M75x
BingX HYPE-USDT+0.0100%4h93.401−0.247%$54.2Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.422−0.225%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.561−0.077%$29.2M$50.1Mas long as short
GRVT HYPE_USDT_Perplong+0.0100%4h93.632long leg$7.5M$45.3M10x
ApeX Omni HYPEUSDT+0.0100%1h93.558−0.080%$406K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.583−0.053%$677K$2.5M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.480−0.163%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.384−0.265%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.539−0.100%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.403−0.245%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.380−0.270%$12.7M$2.6M50xas long as short
Vest HYPE-PERP+0.0100%1h93.513−0.128%$454K5xas long as short
Extended HYPE-USD+0.0104%1h93.395−0.254%$18.3M$41.4M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.450−0.194%$398K$318K20xas long as short
Kalshi KXHYPEPERP+0.0112%8h93.560−0.077%$1.9M$5.3M2.3xas long as short
edgeX HYPEUSDC+0.0118%4h93.534−0.105%$5.1M$29.7M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.500−0.141%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0246%1h93.435−0.210%$78K$158K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0253%1h93.520−0.120%$7.4M$4.6M50xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.400−0.248%$30K$291K12xas long as short
HTX HYPE-USDT+0.0295%4h93.650+0.019%$1.5M$7.6M75xas long as short
BloFin HYPE-USDT+0.0340%4h93.405−0.243%$17.1M$12.4M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0346% / S −0.0171%1h93.454−0.191%$1.5M100xas long as short
RISEx HYPE/USDC+0.0467%1h93.523−0.117%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.511−0.130%$19.1M$26.1M50xas long as short