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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.040%
Price spread now: Bitget against Hotstuff−0.013%7-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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff HYPE-PERP93.926−0.0080get 0.0010% / 1h44m 31s$3K$33125x
ShortBitget HYPEUSDT93.9140.0100get 0.0050% / 4h3h 44m$227.8M$101.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: −0.013% → 0.000%
−$1.28
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Bitget: 6 bp × 2 orders
−$12
Net
$19.52
Costs to cover
0.170%
Break-even
3.4 days
Slippage unknown: Hotstuff: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago0.53 bp9.5 bp −$914.0 bp −$140doesn'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
Hibachi HYPE/USDT-P−0.1456%1h93.806−0.128%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.826−0.106%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0286%1h93.918−0.009%$22K$23K10xas long as short
Ondo Perps HYPE-USD.P−0.0206%1h93.880−0.049%$703K$928K10xas long as short
Gate HYPE_USDT−0.0110%4h93.923−0.003%$44.4M$59.2M75xas long as short
Bullet HYPE-USD−0.0108%1h93.898−0.030%$112K$580K20xas long as short
01 Exchange HYPEUSD−0.0096%1h93.938+0.013%$85K$360K20xas long as short
Hotstuff HYPE-PERPlong−0.0080%1h93.926long leg$3K$33125x
Bybit HYPEUSDT−0.0066%8h93.890−0.038%$322.7M$281.7M75xas long as short
Phemex HYPEUSDT−0.0063%8h93.869−0.061%$12.8M$2.6M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX HYPE-USD−0.0061%1h93.916−0.011%$128K$29K5xas long as short
Orderly PERP_HYPE_USDC−0.0012%4h93.882−0.047%$169K$593K20xas long as short
Derive HYPE-PERP−0.0008%1h93.842−0.089%$16.4M$7.2M10xas long as short
Perpl HYPE0.0000%43m93.938+0.013%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.933+0.007%$27K150xas long as short
Bluefin HYPE-PERP+0.0009%1h93.870−0.060%$76K$171K20xas long as short
Aster HYPEUSDT+0.0010%4h93.909−0.018%$8.9M$36.1M300xas long as short
Phoenix HYPE+0.0034%1h93.915−0.012%$218K$1.2M10xas long as short
MEXC HYPE_USDT+0.0040%4h93.916−0.011%$88.6M$82.1M100xas long as short
Binance HYPEUSDT+0.0041%4h93.918−0.008%$383.2M$894.2M75xas long as short
edgeX HYPEUSDC+0.0063%4h93.828−0.105%$5.1M$29.8M30xas long as short
Popdex HYPEUSDT+0.0072%1h93.916−0.011%$61K$1.2M50xas long as short
OKX HYPE-USDT-SWAP+0.0080%8h93.910−0.017%$115.8M$319.4M50xas long as short
Aevo HYPE-PERP+0.0088%1h93.878−0.051%$399K$193K20xas long as short
Lighter HYPE+0.0096%1h93.963+0.040%$18.9M$58.3M20xas long as short
Lighter RH HYPE+0.0096%1h93.939+0.014%$3.0M$12.0M20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.971+0.048%$341K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.920−0.006%$24K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.915−0.011%$6.6M$44.8M10xas long as short
Hyperliquid HYPE+0.0100%1h93.992+0.070%$2.04B$676.7M10xas long as short
Pacifica HYPE+0.0100%1h93.940+0.015%$10.1M$14.6M20xas long as short
Bulk HYPE-USD+0.0100%1h93.816−0.117%$204K$5K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.911−0.016%$46.5M$18.3M75xas long as short
Bitget HYPEUSDTshort+0.0100%4h93.914−0.013%$227.8M$101.0M75x
BingX HYPE-USDT+0.0100%4h93.903−0.024%$54.0Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.984+0.062%$7.7M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.820−0.112%$31.3M$54.1Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.863−0.067%$7.6M$45.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.896−0.032%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.848−0.083%$679K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.936+0.011%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.934+0.009%$479K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h93.976+0.053%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.894−0.034%$2.0M$2.0M10xas long as short
Extended HYPE-USD+0.0104%1h93.908−0.019%$18.9M$43.5M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.910−0.017%$4.9M$5.5M50xas long as short
BloFin HYPE-USDT+0.0161%4h93.879−0.050%$17.0M$12.2M75xas long as short
Kalshi KXHYPEPERP+0.0178%8h93.937+0.012%$1.9M$5.1M2.3xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.260+0.356%$31K$338K12xas long as short
RISEx HYPE/USDC+0.0222%1h93.981+0.059%$2.8M$6.7M20xas long as short
Reya HYPERUSDPERP+0.0251%1h93.893−0.036%$79K$143K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0157%1h93.938+0.013%$1.5M100xas long as short
HTX HYPE-USDT+0.0382%4h94.082+0.166%$1.5M$6.3M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0570%1h94.001+0.080%$7.5M$4.7M50xas long as short
Kraken Futures PF_HYPEUSD+0.0672%1h93.975+0.052%$21.0M$29.7M50xas long as short