Funding arb · Price arb /

HYPE

all HYPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: StandX against KuCoin−0.027%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on KuCoin Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days+0.029%+$3 · spread now −0.027%, 7d avg +0.001%

Together, before fees+0.035%+ Points / potential airdropStandX: Active · farm board+$3 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: StandX is 0.028% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HYPEUSDTM	94.983	0.0100	pay 0.0050% / 4h	2h 19m	$47.2M	$17.9M	75x
Short	StandX HYPE-USD	94.957	0.0100	get 0.0013% / 1h	19m 03s	$691K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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

Position, each leg$Hold fordaysFee KuCoinbpFee StandXbpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → +0.001%: −$2.79
Slippage, 4 orders: −$11.24
Fee KuCoin: 6 bp × 2 orders: −$12
Fee StandX: 4 bp × 2 orders: −$8
Net: −$34.03
Costs to cover: 0.312%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; StandX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 3 min ago	0.68 bp	8.2 bp −$8	13.3 bp −$133	doesn't fit	doesn't fit
Sell StandX live order book, 3 min ago	1.21 bp	5.2 bp −$5	5.3 bp −$53	11.9 bp −$1,187	doesn't fit

HYPE on 54 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.1408%	1h	94.803	−0.189%	$211K	$262K	7x	as long as short
Bluefin HYPE-PERP	−0.0570%	1h	95.002	+0.020%	$79K	$139K	20x	as long as short
Kraken Futures PF_HYPEUSD	−0.0376%	1h	94.984	+0.001%	$18.6M	$35.5M	50x	as long as short
Bullet HYPE-USD	−0.0344%	1h	94.970	−0.013%	$113K	$581K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0250%	1h	94.960	−0.024%	$691K	$1.3M	10x	as long as short
Phemex HYPEUSDT	−0.0182%	8h	94.939	−0.046%	$13.0M	$2.8M	50x	as long as short
Arcus HYPE-USD	−0.0159%	1h	94.887	−0.101%	$1.1M	$2.6M	10x	as long as short
01 Exchange HYPEUSD	−0.0152%	1h	95.001	+0.019%	$92K	$349K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0147%	1h	94.960	−0.024%	$22K	$17K	10x	as long as short
Vest HYPE-PERP	−0.0090%	1h	95.010	+0.028%	—	$80K	5x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff HYPE-PERP	−0.0080%	1h	94.882	−0.106%	$3K	$331	25x	as long as short
Gate HYPE_USDT	−0.0072%	4h	94.980	−0.003%	$54.2M	$54.6M	75x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0024%	1h	94.990	+0.007%	$4.7M	$5.6M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0023%	4h	94.942	−0.043%	$147K	$646K	20x	as long as short
SoDEX HYPE-USD	−0.0011%	1h	94.979	−0.004%	$2.1M	$378K	10x	as long as short
Aster HYPEUSDT	−0.0001%	4h	94.950	−0.035%	$9.0M	$34.3M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.928	−0.058%	$130K	$92K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.955	−0.030%	$23K	$263K	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0001%	8h	94.945	−0.040%	$118.8M	$312.4M	50x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	94.990	+0.007%	$99K	—	150x	as long as short
BingX HYPE-USDT	+0.0002%	4h	94.971	−0.013%	—	$49.3M	—	as long as short
Phoenix HYPE	+0.0017%	1h	94.881	−0.107%	$200K	$1.0M	10x	as long as short
Bulk HYPE-USD	+0.0031%	1h	95.069	+0.090%	$231K	$12K	10x	as long as short
Bybit HYPEUSDT	+0.0033%	8h	94.970	−0.014%	$320.2M	$272.8M	75x	as long as short
Bitget HYPEUSDT	+0.0034%	4h	94.988	+0.005%	$228.2M	$89.7M	75x	as long as short
Lighter HYPE	+0.0040%	1h	94.977	−0.007%	$16.2M	$61.1M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0061%	8h	94.902	−0.086%	$339K	$36K	20x	as long as short
Polymarket Perps HYPE-USD	+0.0088%	1h	94.997	+0.015%	$499K	$2.5M	20x	as long as short
edgeX HYPEUSDC	+0.0093%	4h	94.934	−0.052%	$5.0M	$29.9M	30x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.989	+0.006%	$3.2M	$10.0M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.979	−0.004%	$270K	$1.1M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	94.920	−0.066%	$39K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.892	−0.095%	$7.3M	$53.2M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.089	+0.112%	$2.11B	$656.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.917	−0.069%	$10.2M	$13.6M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.964	−0.020%	$381.6M	$877.5M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.988	+0.005%	$89.2M	$87.6M	100x	as long as short
KuCoin HYPEUSDTMlong	+0.0100%	4h	94.983	long leg	$47.2M	$17.9M	75x
Backpack HYPE_USDC_PERP	+0.0100%	1h	95.058	+0.079%	$7.8M	$10.2M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.906	−0.082%	$29.8M	$54.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.825	−0.167%	$7.7M	$41.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.974	−0.009%	$348K	$965K	50x	as long as short
StandX HYPE-USDshort	+0.0100%	1h	94.957	−0.027%	$691K	$2.7M	20x
SunX HYPE-USDT	+0.0100%	4h	94.947	−0.038%	$33K	$1.4M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.103	+0.126%	$1.4M	$6.4M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.933	−0.053%	$18.2M	$40.9M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.936	−0.050%	$401K	$130K	20x	as long as short
Kalshi KXHYPEPERP	+0.0107%	8h	95.010	+0.028%	$1.8M	$5.2M	2.3x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0118%	1h	95.074	+0.096%	$7.5M	$4.3M	50x	as long as short
RISEx HYPE/USDC	+0.0166%	1h	94.939	−0.046%	$3.2M	$5.9M	20x	as long as short
Reya HYPERUSDPERP	+0.0270%	1h	94.884	−0.105%	$85K	$99K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	95.011	+0.030%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.975	−0.008%	$17.3M	$11.8M	75x	as long as short
Injective HYPE/USDC PERP	+0.0850%	1h	95.480	+0.523%	$31K	$335K	12x	as long as short