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 +0.054%
Price spread now: SunX against Hotstuff+0.037%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 +$5 a day on $10k at the current rate, and SunX is 0.037% 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).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff HYPE-PERP93.610−0.0080get 0.0010% / 1h16m 27s$3K$33125x
ShortSunX HYPE-USDT93.6450.0100get 0.0050% / 4h3h 16m$32K$1.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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: +0.037% → 0.000%
$3.74
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee SunX: 4 bp × 2 orders
−$8
Net
$28.54
Costs to cover
0.130%
Break-even
1.7 days
Slippage unknown: Hotstuff: no order-book sample; SunX: live order book, 9 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 SunX live order book, 9 min ago19.32 bp32.5 bp −$33doesn't fitdoesn'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−0.1280%1h93.530−0.085%$198K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.701+0.097%$1.3M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0197%1h93.835+0.240%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0134%1h93.730+0.128%$708K$958K10xas long as short
dYdX HYPE-USD−0.0103%1h93.818+0.223%$129K$31K5xas long as short
01 Exchange HYPEUSD−0.0088%1h93.855+0.262%$85K$361K20xas long as short
Bullet HYPE-USD−0.0085%1h93.875+0.283%$113K$581K20xas long as short
Hotstuff HYPE-PERPlong−0.0080%1h93.610long leg$3K$33125x
Gate HYPE_USDT−0.0048%4h93.895+0.304%$44.4M$60.1M75xas long as short
Orderly PERP_HYPE_USDC−0.0027%4h93.892+0.301%$159K$645K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit HYPEUSDT−0.0013%8h93.919+0.330%$323.2M$281.0M75xas long as short
Aster HYPEUSDT−0.0004%4h93.826+0.231%$8.9M$36.1M300xas long as short
Perpl HYPE0.0000%43m93.792+0.194%$23K$326K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.926+0.338%$27K150xas long as short
Derive HYPE-PERP+0.0009%1h93.545−0.069%$16.3M$7.3M10xas long as short
Phoenix HYPE+0.0034%1h93.678+0.073%$218K$1.2M10xas long as short
Phemex HYPEUSDT+0.0039%8h93.651+0.044%$12.8M$2.6M50xas long as short
MEXC HYPE_USDT+0.0042%4h93.856+0.263%$88.4M$83.2M100xas long as short
Binance HYPEUSDT+0.0042%4h93.899+0.309%$383.0M$895.8M75xas long as short
edgeX HYPEUSDC+0.0057%4h93.961+0.375%$5.1M$30.0M30xas long as short
OKX HYPE-USDT-SWAP+0.0074%8h93.941+0.354%$115.9M$317.2M50xas long as short
Aevo HYPE-PERP+0.0088%1h93.937+0.350%$400K$180K20xas long as short
Bluefin HYPE-PERP+0.0090%1h93.939+0.351%$76K$171K20xas long as short
Lighter HYPE+0.0096%1h93.836+0.242%$19.1M$60.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.799+0.202%$3.0M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.849+0.255%$65K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.871+0.279%$341K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.830+0.235%$29K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.805+0.208%$6.6M$44.8M10xas long as short
Hyperliquid HYPE+0.0100%1h93.895+0.304%$2.05B$676.1M10xas long as short
Pacifica HYPE+0.0100%1h93.835+0.241%$10.2M$14.6M20xas long as short
Bulk HYPE-USD+0.0100%1h93.528−0.087%$204K$12K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.866+0.273%$46.7M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.868+0.276%$227.5M$101.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.911+0.322%$54.0Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.634+0.026%$7.7M$10.3M20xas long as short
Variational Omni HYPE+0.0100%8h93.939+0.352%$31.4M$54.1Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.991+0.407%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.940+0.353%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.666+0.060%$677K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.816+0.220%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.874+0.282%$475K$2.5M20xas long as short
SunX HYPE-USDTshort+0.0100%4h93.645+0.037%$32K$1.6M20x
SoDEX HYPE-USD+0.0100%1h93.583−0.029%$2.0M$2.0M10xas long as short
Extended HYPE-USD+0.0104%1h93.791+0.193%$18.7M$44.6M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.640+0.032%$4.9M$5.5M50xas long as short
BloFin HYPE-USDT+0.0168%4h93.581−0.031%$17.0M$12.1M75xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.490+0.940%$31K$338K12xas long as short
RISEx HYPE/USDC+0.0222%1h93.865+0.273%$2.7M$6.8M20xas long as short
Kalshi KXHYPEPERP+0.0227%8h93.706+0.103%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0252%1h93.843+0.249%$79K$143K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0335% / S −0.0156%1h93.911+0.321%$1.4M100xas long as short
HTX HYPE-USDT+0.0367%4h93.825+0.230%$1.5M$6.0M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0605%1h93.699+0.095%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0674%1h93.681+0.076%$20.9M$29.8M50xas long as short