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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.046%
Price spread now: Vest against Hotstuff+0.024%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 · Vest: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Vest is 0.024% dearer against Hotstuff than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff HYPE-PERP92.878−0.0080get 0.0010% / 1h2m 15s$3K$33125x
ShortVest HYPE-PERP92.9000.0100get 0.0013% / 1h2m 15s$243K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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: +0.024% → 0.000%
$2.42
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Vest: 1 bp × 2 orders
−$2
Net
$33.22
Costs to cover
0.070%
Break-even
0.8 days
Slippage unknown: Hotstuff: no order-book sample; Vest: 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 Vest no order-book sample
Hotstuff and Vest: 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
Arcus HYPE-USD−0.0948%1h92.815−0.068%$1.1M$3.9M10xas long as short
Hibachi HYPE/USDT-P−0.0408%1h92.738−0.151%$194K$225K7xas long as short
Aftermath Perps HYPEUSD−0.0271%1h92.811−0.072%$22K$21K10xas long as short
Hotstuff HYPE-PERPlong−0.0080%1h92.878long leg$3K$33125x
Orderly PERP_HYPE_USDC−0.0064%4h92.852−0.028%$157K$653K20xas long as short
dYdX HYPE-USD0.0000%1h92.865−0.014%$127K$29K5xas long as short
01 Exchange HYPEUSD0.0000%1h92.871−0.008%$86K$361K20xas long as short
Perpl HYPE0.0000%43m92.859−0.020%$22K$302K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.880+0.002%$62K150xas long as short
Phemex HYPEUSDT+0.0025%8h92.865−0.014%$12.5M$2.7M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet HYPE-USD+0.0029%1h92.837−0.044%$111K$579K20xas long as short
BingX HYPE-USDT+0.0036%4h92.869−0.010%$53.5Mas long as short
Ondo Perps HYPE-USD.P+0.0038%1h92.800−0.084%$697K$1.1M10xas long as short
Phoenix HYPE+0.0043%1h92.755−0.132%$210K$1.2M10xas long as short
Bybit HYPEUSDT+0.0045%8h92.858−0.022%$316.7M$281.2M75xas long as short
Aster HYPEUSDT+0.0066%4h92.876−0.002%$8.7M$36.1M300xas long as short
Bitget HYPEUSDT+0.0088%4h92.873−0.005%$224.8M$98.7M75xas long as short
edgeX HYPEUSDC+0.0094%4h92.749−0.139%$4.9M$29.6M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h92.887+0.009%$339K$163K20xas long as short
Lighter HYPE+0.0096%1h92.882+0.004%$16.1M$62.8M20xas long as short
Lighter RH HYPE+0.0096%1h92.886+0.009%$3.1M$11.8M20xas long as short
Popdex HYPEUSDT+0.0096%1h92.859−0.020%$69K$1.1M50xas long as short
OKX HYPE-USDT-SWAP+0.0097%8h92.857−0.023%$113.9M$303.6M50xas long as short
Katana Perps HYPE-USD+0.0099%8h92.850−0.030%$38K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h92.856−0.024%$7.5M$45.7M10xas long as short
Hyperliquid HYPE+0.0100%1h92.904+0.028%$2.02B$663.2M10xas long as short
Pacifica HYPE+0.0100%1h92.891+0.014%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h92.877−0.001%$373.2M$901.8M75xas long as short
Bulk HYPE-USD+0.0100%1h92.800−0.084%$202K$13K10xas long as short
Gate HYPE_USDT+0.0100%4h92.862−0.017%$44.5M$55.4M75xas long as short
MEXC HYPE_USDT+0.0100%4h92.876−0.002%$88.2M$81.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.875−0.003%$46.1M$18.4M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.877−0.001%$7.3M$11.3M20xas long as short
Variational Omni HYPE+0.0100%8h92.689−0.204%$28.5M$57.4Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.776−0.110%$7.5M$46.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.773−0.113%$350K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h92.867−0.012%$667K$2.7M20xas long as short
Vest HYPE-PERPshort+0.0100%1h92.900+0.024%$243K5x
Polymarket Perps HYPE-USD+0.0100%1h92.902+0.026%$468K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.867−0.012%$79K$168K20xas long as short
Derive HYPE-PERP+0.0100%1h92.838−0.043%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h92.839−0.042%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.882+0.004%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h93.000+0.131%$1.4M$6.3M75xas long as short
Extended HYPE-USD+0.0104%1h92.858−0.022%$18.1M$43.5M50xas long as short
Aevo HYPE-PERP+0.0104%1h92.850−0.030%$393K$164K20xas long as short
Injective HYPE/USDC PERP+0.0150%1h92.960+0.088%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0160%1h92.920+0.045%$4.7M$5.5M50xas long as short
Kalshi KXHYPEPERP+0.0226%8h92.925+0.051%$1.8M$5.4M2.3xas long as short
Reya HYPERUSDPERP+0.0263%1h92.875−0.004%$79K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h92.857−0.023%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0331%1h92.962+0.090%$7.5M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0331%1h92.933+0.060%$20.6M$30.4M50xas long as short
BloFin HYPE-USDT+0.0340%4h92.869−0.010%$16.8M$11.6M75xas long as short
RISEx HYPE/USDC+0.0687%1h92.915+0.040%$3.2M$6.4M20xas long as short