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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0375%/8h= −41.1% APRpaid last 24h −0.089%
Price spread now: Hotstuff against HTX−0.121%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
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Hotstuff is 0.121% cheaper against HTX than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX HYPE-USDT93.6500.0295pay 0.0148% / 4h2h 12m$1.5M$7.6M75x
ShortHotstuff HYPE-PERP93.537−0.0080pay 0.0010% / 1h12m 55s$3K$33125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against HTX. 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
−$78.78
Price spread: −0.121% → 0.000%
−$12.07
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$107.85
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: HTX: live order book, 1 min ago; Hotstuff: 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 HTX live order book, 1 min ago0.96 bp8.2 bp −$89.7 bp −$9738.6 bp −$3,858doesn't fit
Sell Hotstuff no order-book sample
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−0.0928%1h93.539−0.118%$198K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0264%1h93.617−0.035%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0233%1h93.440−0.224%$702K$932K10xas long as short
Hotstuff HYPE-PERPshort−0.0080%1h93.537−0.121%$3K$33125x
01 Exchange HYPEUSD−0.0072%1h93.470−0.192%$90K$346K20xas long as short
Bullet HYPE-USD−0.0025%1h93.421−0.245%$111K$581K20xas long as short
Derive HYPE-PERP−0.0025%1h93.364−0.305%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.567−0.089%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.445−0.219%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.451−0.213%$20K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0020%4h93.393−0.274%$8.9M$35.8M300xas long as short
Gate HYPE_USDT+0.0026%4h93.366−0.303%$43.9M$57.5M75xas long as short
Bybit HYPEUSDT+0.0034%8h93.350−0.320%$325.1M$287.1M75xas long as short
Popdex HYPEUSDT+0.0048%1h93.449−0.215%$59K$1.2M50xas long as short
Orderly PERP_HYPE_USDC+0.0058%4h93.425−0.240%$176K$520K20xas long as short
Phoenix HYPE+0.0068%1h93.605−0.048%$216K$1.2M10xas long as short
Lighter HYPE+0.0096%1h93.440−0.224%$18.6M$59.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.426−0.239%$3.1M$12.4M20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.479−0.183%$340K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.490−0.171%$37K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.445−0.219%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.513−0.146%$2.04B$670.8M10xas long as short
Pacifica HYPE+0.0100%1h93.511−0.149%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.347−0.324%$385.4M$889.5M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.348−0.322%$114.6M$315.2M50xas long as short
Arcus HYPE-USD+0.0100%1h93.440−0.224%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.690+0.042%$205K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.362−0.308%$93.4M$82.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.423−0.242%$46.3M$18.8M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.386−0.282%$226.9M$102.5M75xas long as short
BingX HYPE-USDT+0.0100%4h93.365−0.304%$54.2Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.422−0.243%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.561−0.095%$29.2M$50.1Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.632−0.019%$7.5M$45.3M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.558−0.098%$406K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.583−0.072%$677K$2.5M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.480−0.182%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.384−0.284%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.539−0.119%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.403−0.264%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.380−0.288%$12.7M$2.6M50xas long as short
Vest HYPE-PERP+0.0100%1h93.513−0.147%$454K5xas long as short
Extended HYPE-USD+0.0104%1h93.358−0.312%$18.3M$41.4M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.450−0.213%$398K$318K20xas long as short
Kalshi KXHYPEPERP+0.0112%8h93.560−0.096%$1.9M$5.3M2.3xas long as short
edgeX HYPEUSDC+0.0118%4h93.534−0.123%$5.1M$29.7M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.500−0.160%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0246%1h93.435−0.229%$78K$158K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0253%1h93.520−0.139%$7.4M$4.6M50xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.400−0.267%$30K$291K12xas long as short
HTX HYPE-USDTlong+0.0295%4h93.650long leg$1.5M$7.6M75x
BloFin HYPE-USDT+0.0340%4h93.405−0.262%$17.1M$12.4M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0346% / S −0.0171%1h93.454−0.209%$1.5M100xas long as short
RISEx HYPE/USDC+0.0467%1h93.523−0.136%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.511−0.149%$19.1M$26.1M50xas long as short