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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0409%/8h= −44.8% APRnext payment $0.51 per $10,000 · paid last 24h +0.064%
Price spread now: Aftermath Perps against Hotstuff−0.287%50s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Aftermath Perps is 0.287% cheaper against Hotstuff than usual: you would sell low and buy high (−$29 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff HYPE-PERP93.776−0.0080get 0.0010% / 1h59m 30s$3K$33125x
ShortAftermath Perps HYPEUSD93.506−0.0489pay 0.0061% / 1h59m 30s$22K$22K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Hotstuff. 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
−$85.9
Price spread: −0.287% → 0.000%
−$28.74
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$128.64
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Hotstuff: no order-book sample; Aftermath Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hotstuff no order-book sample
Sell Aftermath Perps no order-book sample
Hotstuff and Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Aftermath Perps HYPEUSDshort−0.0489%1h93.506−0.287%$22K$22K10x
Hibachi HYPE/USDT-P−0.0464%1h93.565−0.225%$198K$228K7xas long as short
Arcus HYPE-USD−0.0233%1h93.659−0.125%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERPlong−0.0080%1h93.776long leg$3K$33125x
dYdX HYPE-USD0.0000%1h93.819+0.046%$128K$32K5xas long as short
Perpl HYPE0.0000%43m93.747−0.031%$23K$330K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.764−0.013%$28K150xas long as short
Orderly PERP_HYPE_USDC+0.0015%4h93.791+0.016%$177K$524K20xas long as short
Bybit HYPEUSDT+0.0019%8h93.732−0.047%$324.2M$280.9M75xas long as short
Aster HYPEUSDT+0.0020%4h93.760−0.018%$8.9M$35.7M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix HYPE+0.0034%1h93.456−0.341%$214K$1.2M10xas long as short
01 Exchange HYPEUSD+0.0040%1h93.790+0.015%$91K$355K20xas long as short
Derive HYPE-PERP+0.0061%1h93.713−0.067%$16.3M$6.9M10xas long as short
MEXC HYPE_USDT+0.0062%4h93.763−0.014%$90.8M$80.2M100xas long as short
Gate HYPE_USDT+0.0066%4h93.749−0.029%$44.2M$57.6M75xas long as short
Binance HYPEUSDT+0.0067%4h93.756−0.021%$384.9M$884.9M75xas long as short
Bullet HYPE-USD+0.0067%1h93.738−0.040%$112K$577K20xas long as short
edgeX HYPEUSDC+0.0071%4h93.562−0.228%$5.1M$29.7M30xas long as short
Phemex HYPEUSDT+0.0083%8h93.708−0.073%$12.8M$2.6M50xas long as short
Ondo Perps HYPE-USD.P+0.0084%1h93.690−0.092%$701K$901K10xas long as short
Lighter HYPE+0.0096%1h93.841+0.069%$18.7M$58.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.787+0.012%$3.0M$12.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.749−0.029%$63K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.750−0.028%$399K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.769−0.007%$341K$169K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.730−0.049%$29K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.653−0.131%$5.9M$44.0M10xas long as short
Pacifica HYPE+0.0100%1h93.790+0.015%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.740−0.038%$114.7M$313.4M50xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.809+0.035%$47.2M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.745−0.033%$227.3M$102.3M75xas long as short
BingX HYPE-USDT+0.0100%4h93.744−0.034%$53.9Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.805+0.031%$7.9M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.552−0.238%$30.9M$51.8Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.616−0.170%$7.5M$45.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.565−0.225%$416K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.677−0.106%$677K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.714−0.066%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.744−0.034%$496K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.778+0.002%$76K$166K20xas long as short
SunX HYPE-USDT+0.0100%4h93.794+0.019%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.765−0.012%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.680−0.102%$205K$7K10xas long as short
Extended HYPE-USD+0.0104%1h93.716−0.063%$18.3M$41.6M50xas long as short
Kalshi KXHYPEPERP+0.0118%8h93.809+0.035%$1.9M$5.1M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.830+0.058%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0219%4h93.947+0.182%$1.5M$7.7M75xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.770−0.006%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0248%1h93.716−0.064%$77K$155K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0251%1h93.859+0.089%$7.4M$4.5M50xas long as short
BloFin HYPE-USDT+0.0259%4h93.600−0.188%$16.9M$12.3M75xas long as short
RISEx HYPE/USDC+0.0284%1h93.796+0.021%$2.8M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0165%1h93.753−0.025%$1.4M100xas long as short
Kraken Futures PF_HYPEUSD+0.0463%1h93.889+0.120%$21.0M$28.9M50xas long as short
Hyperliquid HYPE+0.0556%1h93.824+0.051%$2.04B$666.2M10xas long as short