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 08:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.052%
Price spread now: StandX against Hotstuff−0.049%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on HotstuffShort on StandX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropHotstuff: Active · StandX: Active · farm boardneeds both histories
Funding pays, the price is against you. StandX is 0.049% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.049% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 22 hours of funding at the current rate (+$5 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff HYPE-PERP94.518−0.0080get 0.0010% / 1h1m 51s$3K$33125x
ShortStandX HYPE-USD94.4720.0100get 0.0013% / 1h1m 51s$683K$2.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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: −0.049% → 0.000%
−$4.87
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee StandX: 4 bp × 2 orders
−$8
Net
$19.93
Costs to cover
0.130%
Break-even
3.3 days
Slippage unknown: Hotstuff: no order-book sample; StandX: 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 StandX live order book, 2 min ago1.32 bp5.3 bp −$55.6 bp −$5615.1 bp −$1,514doesn'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−0.1528%1h94.486−0.034%$207K$268K7xas long as short
Bluefin HYPE-PERP−0.0381%1h94.477−0.043%$80K$152K20xas long as short
Ondo Perps HYPE-USD.P−0.0200%1h94.460−0.061%$712K$1.2M10xas long as short
Aftermath Perps HYPEUSD−0.0195%1h94.485−0.035%$22K$20K10xas long as short
Bullet HYPE-USD−0.0191%1h94.506−0.013%$112K$575K20xas long as short
01 Exchange HYPEUSD−0.0104%1h94.536+0.019%$88K$363K20xas long as short
Hotstuff HYPE-PERPlong−0.0080%1h94.518long leg$3K$33125x
Arcus HYPE-USD−0.0045%1h94.506−0.013%$1.0M$3.5M10xas long as short
Bybit HYPEUSDT−0.0017%8h94.511−0.007%$317.9M$288.4M75xas long as short
Orderly PERP_HYPE_USDC−0.0007%4h94.487−0.033%$147K$686K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Derive HYPE-PERP−0.0001%1h94.468−0.053%$16.3M$7.3M10xas long as short
Lighter HYPE0.0000%1h94.523+0.005%$16.4M$64.8M20xas long as short
dYdX HYPE-USD0.0000%1h94.542+0.026%$130K$94K5xas long as short
Kalshi KXHYPEPERP0.0000%8h94.598+0.085%$1.9M$5.5M2.3xas long as short
Phoenix HYPE0.0000%1h94.443−0.079%$209K$1.1M10xas long as short
Perpl HYPE0.0000%43m94.545+0.028%$19K$286K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S 0.0000%1h94.541+0.024%$124K—150xas long as short
Bitget HYPEUSDT+0.0016%4h94.503−0.016%$227.0M$100.4M75xas long as short
Polymarket Perps HYPE-USD+0.0023%1h94.540+0.023%$498K$2.8M20xas long as short
Phemex HYPEUSDT+0.0043%8h94.512−0.006%$12.9M$2.9M50xas long as short
Paradex HYPE-USD-PERP+0.0045%8h94.549+0.033%$338K$154K20xas long as short
SoDEX HYPE-USD+0.0049%1h94.522+0.004%$2.1M$1.9M10xas long as short
Coinbase International HYPE-PERP-INTX+0.0064%1h94.550+0.034%$4.7M$6.2M50xas long as short
OKX HYPE-USDT-SWAP+0.0066%8h94.500−0.019%$117.9M$325.6M50xas long as short
Vest HYPE-PERP+0.0073%1h94.575+0.061%—$190K5xas long as short
Gate HYPE_USDT+0.0080%4h94.509−0.010%$50.6M$57.0M75xas long as short
edgeX HYPEUSDC+0.0087%4h94.396−0.129%$5.0M$30.7M30xas long as short
Lighter RH HYPE+0.0096%1h94.522+0.004%$3.2M$10.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.505−0.014%$79K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h94.500−0.019%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h94.495−0.025%$7.2M$52.9M10xas long as short
Hyperliquid HYPE+0.0100%1h94.610+0.097%$2.08B$688.0M10xas long as short
Aster HYPEUSDT+0.0100%4h94.524+0.006%$8.9M$37.1M300xas long as short
Pacifica HYPE+0.0100%1h94.552+0.036%$10.2M$14.8M20xas long as short
Binance HYPEUSDT+0.0100%4h94.517−0.001%$379.1M$932.5M75xas long as short
Bulk HYPE-USD+0.0100%1h94.428−0.096%$218K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h94.536+0.019%$92.4M$84.9M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.508−0.011%$47.0M$18.8M75xas long as short
BingX HYPE-USDT+0.0100%4h94.513−0.005%—$52.8M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.496−0.023%$7.6M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h94.362−0.165%$29.6M$54.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.422−0.101%$7.6M$45.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.416−0.108%$350K$1.1M50xas long as short
StandX HYPE-USDshort+0.0100%1h94.472−0.049%$683K$2.6M20x
SunX HYPE-USDT+0.0100%4h94.619+0.107%$32K$1.6M20xas long as short
HTX HYPE-USDT+0.0100%4h94.620+0.108%$1.4M$6.8M75xas long as short
Extended HYPE-USD+0.0104%1h94.492−0.027%$18.4M$43.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h94.508−0.011%$400K$153K20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0150% / S +0.0022%1h94.564+0.048%$1.4M—100xas long as short
Injective HYPE/USDC PERP+0.0185%1h94.450−0.072%$31K$340K12xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0215%1h94.607+0.094%$7.5M$4.3M50xas long as short
Kraken Futures PF_HYPEUSD+0.0222%1h94.551+0.035%$20.3M$30.2M50xas long as short
RISEx HYPE/USDC+0.0249%1h94.538+0.022%$3.2M$6.4M20xas long as short
Reya HYPERUSDPERP+0.0272%1h94.501−0.018%$83K$121K15xas long as short
BloFin HYPE-USDT+0.0340%4h94.486−0.034%$17.2M$12.4M75xas long as short