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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0082%/8h= +9.0% APRnext payment +$0.10 per $10,000 · paid last 24h +0.025%
Price spread now: gTrade (Gains Network) against Hotstuff+0.051%7-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 +$2 a day on $10k at the current rate, and gTrade (Gains Network) is 0.051% dearer against Hotstuff than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff HYPE-PERP93.053−0.0080get 0.0010% / 1h10m 49s$3K$33125x
ShortgTrade (Gains Network) HYPE/USD93.100L +0.0002% / S −0.0002%get 0.0000% / 1h10m 49s$62K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
$17.26
Price spread: +0.051% → 0.000%
$5.05
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
$7.31
Costs to cover
0.150%
Break-even
4.0 days
Slippage unknown: Hotstuff: no order-book sample; gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample
Hotstuff and gTrade (Gains Network): 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−0.1808%1h93.008−0.048%$194K$231K7xas long as short
Aftermath Perps HYPEUSD−0.0321%1h93.016−0.040%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h93.045−0.009%$1.1M$3.9M10xas long as short
Hotstuff HYPE-PERPlong−0.0080%1h93.053long leg$3K$33125x
Orderly PERP_HYPE_USDC−0.0052%4h93.043−0.011%$146K$671K20xas long as short
dYdX HYPE-USD0.0000%1h93.075+0.024%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.060+0.008%$22K$293K10xas long as short
Ondo Perps HYPE-USD.P+0.0001%1h92.970−0.089%$700K$1.1M10xas long as short
gTrade (Gains Network) HYPE/USDshortL +0.0002% / S −0.0002%1h93.100+0.051%$62K150x
Bullet HYPE-USD+0.0007%1h93.065+0.013%$111K$578K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange HYPEUSD+0.0016%1h93.108+0.059%$87K$365K20xas long as short
Phoenix HYPE+0.0026%1h93.056+0.003%$208K$1.2M10xas long as short
Bybit HYPEUSDT+0.0027%8h93.046−0.008%$317.4M$284.4M75xas long as short
Phemex HYPEUSDT+0.0028%8h93.033−0.021%$12.6M$2.7M50xas long as short
Bitget HYPEUSDT+0.0036%4h93.063+0.011%$225.1M$98.8M75xas long as short
Popdex HYPEUSDT+0.0048%1h93.081+0.030%$76K$1.1M50xas long as short
Gate HYPE_USDT+0.0058%4h93.054+0.001%$45.5M$54.8M75xas long as short
Paradex HYPE-USD-PERP+0.0096%8h93.109+0.060%$339K$162K20xas long as short
Lighter HYPE+0.0096%1h93.076+0.024%$16.0M$62.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.085+0.034%$3.1M$11.6M20xas long as short
edgeX HYPEUSDC+0.0099%4h93.100+0.050%$4.9M$29.7M30xas long as short
Katana Perps HYPE-USD+0.0099%8h93.070+0.018%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.037−0.017%$6.8M$46.5M10xas long as short
Hyperliquid HYPE+0.0100%1h93.120+0.072%$2.03B$670.0M10xas long as short
Aster HYPEUSDT+0.0100%4h93.069+0.017%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.103+0.054%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h93.068+0.016%$373.6M$909.9M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.069+0.017%$114.0M$305.3M50xas long as short
Bulk HYPE-USD+0.0100%1h93.125+0.077%$203K$3K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.067+0.015%$91.5M$81.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.063+0.011%$46.1M$18.5M75xas long as short
BingX HYPE-USDT+0.0100%4h93.064+0.012%$53.9Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.096+0.046%$7.3M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h93.028−0.027%$28.6M$56.7Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.156+0.111%$7.5M$46.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.126+0.078%$342K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.097+0.047%$665K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.120+0.072%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.106+0.057%$488K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.077+0.026%$79K$167K20xas long as short
Derive HYPE-PERP+0.0100%1h93.052−0.001%$16.0M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.140+0.093%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.069+0.017%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h93.228+0.188%$1.4M$6.3M75xas long as short
Extended HYPE-USD+0.0104%1h93.039−0.015%$18.1M$43.5M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.070+0.019%$393K$164K20xas long as short
Kalshi KXHYPEPERP+0.0117%8h93.139+0.092%$1.8M$5.5M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.120+0.072%$4.7M$5.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0196%1h93.136+0.089%$20.7M$29.4M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h93.410+0.384%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0266%1h93.085+0.034%$79K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h93.094+0.044%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.074+0.023%$16.8M$11.8M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0523%1h93.164+0.119%$7.5M$4.5M50xas long as short
RISEx HYPE/USDC+0.0598%1h93.141+0.095%$3.2M$6.3M20xas long as short