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+0.0031%/8h= +3.4% APRpaid last 24h −0.021%
Price spread now: HTX against Injective+0.374%65s7-day average −0.142% · 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 7 days−2.268%−$227 on $10k
Price spread, last 3 days (all we have)−0.475%−$47 · spread now +0.374%, 7d avg −0.142%
Together, before fees−2.743%−$274 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and HTX is 0.516% dearer against Injective than usual: you sell high and buy low: +$52 more if the spread goes back to its 7-day average of −0.142%. Mind the row above: over the last 7 days funding on this pair cost −2.268%, so the current rate has only just turned in your favour. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective HYPE/USDC PERP93.5000.0285pay 0.0036% / 1h25m 29s$30K$291K12x
ShortHTX HYPE-USDT93.8500.0316get 0.0158% / 4h2h 25m$1.5M$7.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Injective. 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
$6.5
Price spread: +0.374% → −0.142%
$51.62
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee HTX: 6 bp × 2 orders
−$12
Net
$46.09
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Injective: live order book, 63 min ago; HTX: live order book, 4 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 Injective live order book, 63 min ago36.79 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 4 min ago0.80 bp9.9 bp −$1012.9 bp −$12946.0 bp −$4,605doesn't fit

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−0.1000%1h93.619+0.127%$198K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0294%1h93.602+0.109%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0242%1h93.630+0.139%$702K$936K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.557+0.061%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.721+0.236%$90K$349K20xas long as short
Bullet HYPE-USD−0.0033%1h93.696+0.210%$112K$583K20xas long as short
Derive HYPE-PERP−0.0009%1h93.629+0.138%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.721+0.236%$128K$32K5xas long as short
Perpl HYPE0.0000%43m93.718+0.233%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.730+0.246%$20K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0024%4h93.703+0.217%$9.0M$35.8M300xas long as short
Gate HYPE_USDT+0.0032%4h93.696+0.210%$44.1M$57.0M75xas long as short
Bybit HYPEUSDT+0.0037%8h93.700+0.214%$326.4M$287.0M75xas long as short
Popdex HYPEUSDT+0.0064%1h93.686+0.199%$57K$1.2M50xas long as short
Orderly PERP_HYPE_USDC+0.0066%4h93.698+0.212%$176K$535K20xas long as short
Phoenix HYPE+0.0068%1h93.742+0.259%$216K$1.2M10xas long as short
Lighter HYPE+0.0096%1h93.732+0.248%$18.6M$59.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.716+0.231%$3.1M$12.3M20xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.708+0.223%$340K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.720+0.235%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.702+0.217%$6.0M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.782+0.302%$2.04B$670.1M10xas long as short
Pacifica HYPE+0.0100%1h93.709+0.224%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.702+0.216%$386.5M$888.0M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.690+0.203%$115.1M$315.9M50xas long as short
Arcus HYPE-USD+0.0100%1h93.664+0.175%$1.2M$4.0M10xas long as short
MEXC HYPE_USDT+0.0100%4h93.706+0.220%$93.8M$82.3M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.703+0.217%$46.6M$18.7M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.716+0.231%$227.6M$102.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.708+0.222%$54.2Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.719+0.234%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.541+0.044%$28.9M$49.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.613+0.121%$7.5M$45.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.545+0.048%$406K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.686+0.199%$677K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.721+0.237%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.746+0.263%$495K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.713+0.228%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.696+0.210%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.679+0.191%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.656+0.167%$12.8M$2.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.556+0.060%$204K$12K10xas long as short
Extended HYPE-USD+0.0104%1h93.676+0.188%$18.3M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.677+0.190%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0105%4h93.554+0.058%$5.1M$29.5M30xas long as short
Kalshi KXHYPEPERP+0.0133%8h93.760+0.278%$1.9M$5.3M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0166%1h93.783+0.303%$7.4M$4.6M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.690+0.203%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.704+0.218%$78K$158K15xas long as short
Injective HYPE/USDC PERPlong+0.0285%1h93.500long leg$30K$291K12x
HTX HYPE-USDTshort+0.0316%4h93.850+0.374%$1.5M$7.6M75x
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0164%1h93.732+0.248%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.597+0.104%$17.1M$12.5M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.753+0.271%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0572%1h93.790+0.310%$19.2M$26.0M50xas long as short