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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0026%/8h= −2.8% APRnext payment $0.03 per $10,000 · paid last 24h −0.065%
Price spread now: Lighter RH against Injective+0.193%7-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−2.269%−$227 on $10k
Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.193%, 7d avg −0.142%
Together, before fees−2.329%+ Points / potential airdropLighter RH: Points live · farm board−$233 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.334% dearer against Injective than usual: you sell high and buy low (spread +0.193% now, against its 7-day average of −0.142%): +$33 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 43 days. At the pace of the last 7 days (−2.269% in total) that is about 25 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective HYPE/USDC PERP93.4100.0122pay 0.0015% / 1h56m 24s$30K$339K12x
ShortLighter RH HYPE93.5900.0096get 0.0012% / 1h56m 24s$3.1M$11.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH 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
−$5.45
Price spread: +0.193% → −0.142%
$33.44
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Lighter RH: 0 bp × 2 orders
$0
Net
$27.97
Costs to cover
0.000%
Break-even
from the start
Slippage unknown: Injective: live order book, 58 min ago; Lighter RH: 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 Injective live order book, 58 min ago12.37 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Lighter RH live order book, 2 min ago0.86 bp1.7 bp −$23.0 bp −$3026.1 bp −$2,614doesn'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−0.1896%1h93.498+0.094%$197K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0364%1h93.451+0.043%$22K$21K10xas long as short
Bullet HYPE-USD−0.0131%1h93.513+0.110%$112K$578K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.476+0.071%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0037%4h93.554+0.154%$146K$663K20xas long as short
01 Exchange HYPEUSD−0.0032%1h93.535+0.134%$88K$366K20xas long as short
dYdX HYPE-USD0.0000%1h93.608+0.212%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.556+0.156%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.576+0.177%$62K150xas long as short
Arcus HYPE-USD+0.0011%1h93.514+0.111%$1.0M$3.9M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex HYPEUSDT+0.0017%8h93.599+0.202%$12.6M$2.7M50xas long as short
Bitget HYPEUSDT+0.0024%4h93.564+0.165%$226.4M$99.2M75xas long as short
Bybit HYPEUSDT+0.0026%8h93.550+0.150%$318.2M$283.8M75xas long as short
Phoenix HYPE+0.0026%1h93.546+0.146%$209K$1.2M10xas long as short
Ondo Perps HYPE-USD.P+0.0061%1h93.560+0.161%$705K$1.2M10xas long as short
Bluefin HYPE-PERP+0.0092%1h93.553+0.153%$79K$167K20xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.581+0.184%$341K$162K20xas long as short
Lighter HYPE+0.0096%1h93.594+0.197%$16.1M$62.9M20xas long as short
Lighter RH HYPEshort+0.0096%1h93.590+0.193%$3.1M$11.4M20x
Popdex HYPEUSDT+0.0096%1h93.524+0.122%$77K$1.1M50xas long as short
edgeX HYPEUSDC+0.0097%4h93.351−0.063%$5.0M$29.9M30xas long as short
Gate HYPE_USDT+0.0098%4h93.565+0.166%$46.3M$53.8M75xas long as short
Katana Perps HYPE-USD+0.0099%8h93.510+0.107%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.544+0.144%$7.0M$47.8M10xas long as short
Hyperliquid HYPE+0.0100%1h93.584+0.186%$2.04B$667.1M10xas long as short
Aster HYPEUSDT+0.0100%4h93.565+0.166%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.574+0.176%$10.1M$15.3M20xas long as short
Binance HYPEUSDT+0.0100%4h93.570+0.171%$375.3M$910.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.573+0.174%$114.9M$308.4M50xas long as short
Bulk HYPE-USD+0.0100%1h93.328−0.088%$203K$3K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.517+0.115%$92.2M$80.0M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.530+0.128%$46.2M$18.6M75xas long as short
BingX HYPE-USDT+0.0100%4h93.556+0.156%$53.9Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.674+0.283%$7.3M$11.1M20xas long as short
Variational Omni HYPE+0.0100%8h93.379−0.034%$28.8M$56.7Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.423+0.014%$7.5M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.617+0.222%$343K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.612+0.216%$669K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.585+0.187%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.548+0.148%$490K$2.7M20xas long as short
Derive HYPE-PERP+0.0100%1h93.544+0.143%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.549+0.149%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.563+0.164%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.800+0.418%$1.4M$6.4M75xas long as short
Extended HYPE-USD+0.0104%1h93.539+0.138%$18.1M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.566+0.167%$396K$161K20xas long as short
Injective HYPE/USDC PERPlong+0.0122%1h93.410long leg$30K$339K12x
Kalshi KXHYPEPERP+0.0141%8h93.635+0.241%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.720+0.332%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0267%1h93.508+0.105%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.558+0.158%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.642+0.248%$16.9M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0340%1h93.618+0.223%$20.9M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0391%1h93.649+0.256%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.602+0.206%$3.2M$6.3M20xas long as short