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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%
Price spread now: SoDEX against KuCoin−0.283%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$320.325% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.008%+$1 on $10k
Price spread, last 3 days (all we have)+0.279%+$28 · spread now −0.283%, 7d avg +0.005%
Together, before fees+0.287%+$29 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.288% cheaper against KuCoin than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of +0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin HYPEUSDTM93.2200.0100pay 0.0050% / 4h1h 56m$46.0M$18.0M75x
ShortSoDEX HYPE-USD92.9560.0100get 0.0013% / 1h56m 41s$2.0M$1.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against KuCoin. 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
$0
Price spread: −0.283% → +0.005%
−$28.82
Slippage, 4 orders
−$12.48
Fee KuCoin: 6 bp × 2 orders
−$12
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$61.3
Costs to cover
0.325%
Break-even
never at this rate
Slippage from KuCoin: live order book, 2 min ago; SoDEX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 2 min ago0.05 bp8.7 bp −$915.9 bp −$159doesn't fitdoesn't fit
Sell SoDEX live order book, 2 min ago0.05 bp6.4 bp −$611.7 bp −$117107.3 bp −$10.7Kdoesn't fit

HYPE on 54 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−0.1136%1h93.001−0.234%$195K$226K7xas long as short
Arcus HYPE-USD−0.0899%1h93.118−0.109%$1.2M$3.8M10xas long as short
Bluefin HYPE-PERP−0.0443%1h92.909−0.334%$79K$170K20xas long as short
Bullet HYPE-USD−0.0165%1h92.952−0.288%$111K$578K20xas long as short
01 Exchange HYPEUSD−0.0088%1h93.260+0.043%$85K$346K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.2200.000%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0051%4h92.922−0.320%$155K$639K20xas long as short
Phemex HYPEUSDT−0.0015%8h93.013−0.222%$12.6M$2.7M50xas long as short
Aster HYPEUSDT−0.0012%4h93.065−0.166%$8.8M$35.3M300xas long as short
dYdX HYPE-USD0.0000%1h93.190−0.033%$128K$31K5xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m92.994−0.242%$22K$321K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h92.969−0.269%$25K150xas long as short
Ondo Perps HYPE-USD.P+0.0006%1h92.990−0.247%$696K$905K10xas long as short
BingX HYPE-USDT+0.0008%4h93.249+0.031%$53.2Mas long as short
Bybit HYPEUSDT+0.0011%8h93.238+0.019%$320.0M$275.2M75xas long as short
Aftermath Perps HYPEUSD+0.0013%1h93.273+0.057%$22K$21K10xas long as short
Gate HYPE_USDT+0.0028%4h93.212−0.009%$44.4M$54.1M75xas long as short
Phoenix HYPE+0.0060%1h93.056−0.176%$210K$1.2M10xas long as short
MEXC HYPE_USDT+0.0076%4h93.264+0.047%$87.7M$79.8M100xas long as short
OKX HYPE-USDT-SWAP+0.0077%8h93.259+0.042%$114.4M$300.8M50xas long as short
Binance HYPEUSDT+0.0077%4h93.157−0.068%$378.8M$874.1M75xas long as short
edgeX HYPEUSDC+0.0083%4h93.256+0.038%$5.0M$30.1M30xas long as short
Lighter HYPE+0.0096%1h93.223+0.003%$16.3M$61.3M20xas long as short
Lighter RH HYPE+0.0096%1h93.187−0.035%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h92.997−0.239%$67K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.301+0.087%$339K$162K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.240+0.021%$12K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h92.987−0.250%$5.7M$43.5M10xas long as short
Hyperliquid HYPE+0.0100%1h93.250+0.032%$2.04B$659.1M10xas long as short
Pacifica HYPE+0.0100%1h93.206−0.015%$10.0M$14.6M20xas long as short
Bulk HYPE-USD+0.0100%1h93.335+0.123%$203K$10K10xas long as short
KuCoin HYPEUSDTMlong+0.0100%4h93.220long leg$46.0M$18.0M75x
Bitget HYPEUSDT+0.0100%4h93.250+0.032%$225.6M$96.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.982−0.255%$7.3M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.219−0.001%$31.1M$54.3Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.215−0.005%$7.5M$46.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.222+0.002%$337K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.114−0.114%$664K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.057−0.175%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.001−0.235%$473K$2.4M20xas long as short
Derive HYPE-PERP+0.0100%1h92.929−0.312%$16.1M$7.6M10xas long as short
SunX HYPE-USDT+0.0100%4h93.050−0.182%$32K$1.6M20xas long as short
SoDEX HYPE-USDshort+0.0100%1h92.956−0.283%$2.0M$1.9M10x
Extended HYPE-USD+0.0104%1h93.221+0.001%$18.3M$43.5M50xas long as short
Aevo HYPE-PERP+0.0104%1h92.939−0.301%$395K$170K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.070−0.161%$4.9M$5.4M50xas long as short
HTX HYPE-USDT+0.0210%4h93.150−0.075%$1.4M$5.9M75xas long as short
Reya HYPERUSDPERP+0.0256%1h92.952−0.288%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0276%8h93.031−0.203%$1.9M$4.8M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h92.978−0.259%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0352%1h93.043−0.190%$7.4M$4.4M50xas long as short
RISEx HYPE/USDC+0.0510%1h93.352+0.142%$3.2M$6.7M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h92.900−0.343%$30K$338K12xas long as short
Kraken Futures PF_HYPEUSD+0.0688%1h93.030−0.204%$20.7M$29.9M50xas long as short