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 22:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h +0.017%
Price spread now: Popdex against GRVT+0.029%58s7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$160.159% of the position
Long on GRVTShort on Popdex
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.013%+$1 on $10k
Price spread, last 7 days−0.031%−$3 · spread now +0.029%, 7d avg −0.004%
Together, before fees−0.018%+ Points / potential airdropGRVT: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Popdex is 0.032% dearer against GRVT than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.004%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 38 hours. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT HYPE_USDT_Perp93.2710.0100pay 0.0050% / 4h2h 02m$7.5M$45.0M10x
ShortPopdex HYPEUSDT93.2980.0032get 0.0004% / 1h2m 16s$57K$1.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex 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
−$14.28
Price spread: +0.029% → −0.004%
$3.22
Slippage, 4 orders
−$0.49
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$26.95
Costs to cover
0.159%
Break-even
never at this rate
Slippage from GRVT: live order book, 2 min ago; Popdex: live order book, 2 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, 2 min ago0.05 bp4.6 bp −$55.1 bp −$512782.1 bp −$278.2Kdoesn't fit
Sell Popdex live order book, 2 min ago0.16 bp3.4 bp −$33.9 bp −$3921.6 bp −$2,157doesn'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−0.0800%1h93.293+0.023%$197K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0264%1h93.302+0.033%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0222%1h93.230−0.044%$700K$933K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.322+0.054%$90K$360K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.284+0.014%$3K$33125xas long as short
Bullet HYPE-USD−0.0043%1h93.279+0.008%$111K$580K20xas long as short
Derive HYPE-PERP−0.0037%1h93.244−0.029%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.280+0.009%$127K$32K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.392+0.129%$1.9M$5.3M2.3xas long as short
Perpl HYPE0.0000%43m93.313+0.044%$23K$334K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.335+0.068%$20K—150xas long as short
Aster HYPEUSDT+0.0008%4h93.286+0.016%$8.9M$35.7M300xas long as short
Bybit HYPEUSDT+0.0028%8h93.282+0.011%$325.0M$287.3M75xas long as short
Popdex HYPEUSDTshort+0.0032%1h93.298+0.029%$57K$1.2M50x
Gate HYPE_USDT+0.0036%4h93.292+0.022%$44.0M$58.0M75xas long as short
Orderly PERP_HYPE_USDC+0.0050%4h93.318+0.050%$167K$512K20xas long as short
Phoenix HYPE+0.0068%1h93.279+0.008%$215K$1.2M10xas long as short
Vest HYPE-PERP+0.0077%1h93.321+0.053%—$454K5xas long as short
SoDEX HYPE-USD+0.0094%1h93.297+0.027%$2.0M$2.0M10xas long as short
Bluefin HYPE-PERP+0.0095%1h93.287+0.017%$76K$168K20xas long as short
Lighter HYPE+0.0096%1h93.337+0.070%$18.6M$60.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.310+0.041%$3.1M$12.4M20xas long as short
StandX HYPE-USD+0.0097%1h93.283+0.012%$674K$2.5M20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.319+0.051%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.310+0.041%$37K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.297+0.028%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.355+0.090%$2.03B$671.5M10xas long as short
Pacifica HYPE+0.0100%1h93.320+0.052%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.303+0.034%$384.9M$889.1M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.279+0.008%$114.7M$314.7M50xas long as short
Arcus HYPE-USD+0.0100%1h93.270−0.001%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.285+0.015%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.300+0.031%$92.9M$82.5M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.300+0.031%$46.2M$18.8M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.309+0.040%$226.6M$102.6M75xas long as short
BingX HYPE-USDT+0.0100%4h93.289+0.019%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.325+0.058%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.211−0.065%$29.0M$50.3M—as long as short
GRVT HYPE_USDT_Perplong+0.0100%4h93.271long leg$7.5M$45.0M10x
ApeX Omni HYPEUSDT+0.0100%1h93.255−0.018%$405K$1.0M50xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.334+0.067%$493K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h93.329+0.062%$32K$1.6M20xas long as short
Phemex HYPEUSDT+0.0100%8h93.297+0.027%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.287+0.016%$18.4M$41.8M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.313+0.044%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0113%4h93.228−0.047%$5.1M$29.4M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.390+0.127%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0246%1h93.297+0.027%$78K$158K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0275%1h93.404+0.142%$7.4M$4.6M50xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.910+0.685%$31K$291K12xas long as short
HTX HYPE-USDT+0.0298%4h93.467+0.210%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.330+0.063%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.243−0.030%$17.1M$12.4M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.356+0.091%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.427+0.167%$19.6M$26.8M50xas long as short