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+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.052%
Price spread now: ApeX Omni against Hotstuff+0.040%57s7-day average · you sell dearer than you buy
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 for this trade now. Funding pays +$5 a day on $10k at the current rate, and ApeX Omni is 0.040% dearer against Hotstuff than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff HYPE-PERP93.338−0.0080get 0.0010% / 1h42m 26s$3K$33125x
ShortApeX Omni HYPEUSDT93.3750.0100get 0.0013% / 1h42m 26s$413K$1.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni 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
$37.8
Price spread: +0.040% → 0.000%
$3.96
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$26.76
Costs to cover
0.150%
Break-even
2.0 days
Slippage unknown: Hotstuff: no order-book sample; ApeX Omni: live order book, 2 min ago. 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 ApeX Omni live order book, 2 min ago3.38 bp10.4 bp −$1014.2 bp −$142doesn't fitdoesn't fit
Hotstuff: 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 HYPEUSD−0.0355%1h93.211−0.136%$22K$22K10xas long as short
Arcus HYPE-USD−0.0131%1h93.335−0.003%$1.2M$4.0M10xas long as short
Hibachi HYPE/USDT-P−0.0128%1h93.251−0.093%$197K$230K7xas long as short
Hotstuff HYPE-PERPlong−0.0080%1h93.338long leg$3K$33125x
Ondo Perps HYPE-USD.P−0.0044%1h93.150−0.201%$699K$924K10xas long as short
01 Exchange HYPEUSD−0.0008%1h93.431+0.100%$90K$361K20xas long as short
dYdX HYPE-USD0.0000%1h93.419+0.087%$127K$32K5xas long as short
Popdex HYPEUSDT0.0000%1h93.398+0.064%$57K$1.2M50xas long as short
Kalshi KXHYPEPERP0.0000%8h93.402+0.069%$1.9M$5.3M2.3xas long as short
Perpl HYPE0.0000%43m93.303−0.037%$23K$331K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.345+0.007%$20K150xas long as short
Aster HYPEUSDT+0.0012%4h93.369+0.033%$8.9M$36.0M300xas long as short
Derive HYPE-PERP+0.0016%1h93.272−0.071%$16.3M$7.1M10xas long as short
Bybit HYPEUSDT+0.0031%8h93.380+0.045%$324.3M$286.9M75xas long as short
Phoenix HYPE+0.0034%1h93.278−0.064%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0037%4h93.316−0.024%$171K$519K20xas long as short
Gate HYPE_USDT+0.0062%4h93.351+0.014%$43.8M$57.7M75xas long as short
Bullet HYPE-USD+0.0082%1h93.301−0.040%$111K$578K20xas long as short
Lighter HYPE+0.0096%1h93.412+0.080%$18.5M$58.7M20xas long as short
Lighter RH HYPE+0.0096%1h93.421+0.089%$3.1M$12.1M20xas long as short
MEXC HYPE_USDT+0.0096%4h93.377+0.042%$90.4M$81.6M100xas long as short
Binance HYPEUSDT+0.0096%4h93.392+0.058%$383.8M$891.8M75xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.383+0.048%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.380+0.045%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.397+0.064%$5.9M$44.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.424+0.092%$2.03B$672.1M10xas long as short
Pacifica HYPE+0.0100%1h93.393+0.059%$10.0M$14.3M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.382+0.047%$114.1M$314.3M50xas long as short
Bulk HYPE-USD+0.0100%1h92.884−0.486%$203K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.409+0.076%$47.3M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.403+0.070%$226.5M$102.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.372+0.036%$53.9Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.389+0.055%$7.9M$11.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.236−0.109%$28.9M$50.6Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.228−0.118%$7.5M$45.6M10xas long as short
ApeX Omni HYPEUSDTshort+0.0100%1h93.375+0.040%$413K$1.0M50x
StandX HYPE-USD+0.0100%1h93.274−0.069%$675K$2.5M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.420+0.088%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.311−0.029%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.391+0.057%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.328−0.011%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.340+0.002%$12.7M$2.6M50xas long as short
Vest HYPE-PERP+0.0100%1h93.402+0.068%$454K5xas long as short
Extended HYPE-USD+0.0104%1h93.360+0.024%$18.2M$42.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.325−0.013%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0107%4h93.311−0.029%$5.1M$29.6M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.390+0.056%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.250−0.094%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0246%1h93.382+0.047%$78K$158K15xas long as short
HTX HYPE-USDT+0.0274%4h93.500+0.174%$1.5M$7.7M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.449+0.118%$2.8M$6.8M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0328%1h93.412+0.079%$7.4M$4.6M50xas long as short
BloFin HYPE-USDT+0.0336%4h93.332−0.006%$16.9M$12.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0159%1h93.341+0.003%$1.5M100xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.444+0.114%$20.8M$28.6M50xas long as short