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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.012%
Price spread now: Vest against Nado+0.026%7-day average −0.007% · 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 3 days (all we have)−0.108%−$11 on $10k
Price spread, last 4 days (all we have)−0.180%−$18 · spread now +0.026%, 7d avg −0.007%
Together, before fees−0.289%+ Points / potential airdropNado: Active · Vest: Active · farm board−$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: Vest is 0.033% dearer against Nado than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado HYPE-PERP93.8760.0100pay 0.0012% / 1h23m 27s$5.8M$44.8M10x
ShortVest HYPE-PERP93.9010.0100get 0.0013% / 1h23m 27s$243K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against Nado. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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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: +0.026% → −0.007%
$3.31
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Vest: 1 bp × 2 orders
−$2
Net
−$5.69
Costs to cover
0.090%
Break-even
584859892312390.6 days
Slippage unknown: Nado: live order book, 6 min ago; Vest: 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 Nado live order book, 6 min ago0.05 bp3.8 bp −$46.0 bp −$6025.3 bp −$2,530doesn't fit
Sell Vest no order-book sample
Vest: 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 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−0.1000%1h93.698−0.190%$197K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.729−0.157%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0132%1h93.791−0.091%$22K$21K10xas long as short
Phemex HYPEUSDT−0.0126%8h93.853−0.025%$12.7M$2.7M50xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.875−0.002%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0078%1h93.850−0.028%$703K$924K10xas long as short
Orderly PERP_HYPE_USDC−0.0056%4h93.817−0.063%$157K$646K20xas long as short
01 Exchange HYPEUSD−0.0048%1h93.844−0.035%$85K$350K20xas long as short
Backpack HYPE_USDC_PERP−0.0038%1h93.855−0.023%$7.8M$10.3M20xas long as short
Gate HYPE_USDT−0.0030%4h93.854−0.024%$44.5M$55.1M75xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX HYPE-USDT−0.0002%4h93.823−0.057%$53.6Mas long as short
Aster HYPEUSDT−0.0002%4h93.854−0.024%$8.9M$35.8M300xas long as short
dYdX HYPE-USD0.0000%1h93.844−0.034%$129K$31K5xas long as short
Perpl HYPE0.0000%43m93.859−0.019%$22K$326K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.879+0.002%$26K150xas long as short
Bybit HYPEUSDT+0.0003%8h93.813−0.068%$322.1M$281.2M75xas long as short
Phoenix HYPE+0.0060%1h93.922+0.048%$213K$1.2M10xas long as short
MEXC HYPE_USDT+0.0068%4h93.859−0.019%$87.9M$82.9M100xas long as short
Binance HYPEUSDT+0.0069%4h93.849−0.030%$382.0M$892.2M75xas long as short
OKX HYPE-USDT-SWAP+0.0069%8h93.821−0.059%$115.3M$308.3M50xas long as short
Bullet HYPE-USD+0.0076%1h93.855−0.023%$112K$578K20xas long as short
edgeX HYPEUSDC+0.0079%4h93.907+0.032%$5.1M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.897+0.022%$341K$164K20xas long as short
Lighter HYPE+0.0096%1h93.886+0.011%$16.4M$62.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.873−0.004%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.836−0.043%$67K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.850−0.029%$399K$175K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.860−0.018%$21K$1.6M10xas long as short
Nado HYPE-PERPlong+0.0100%1h93.876long leg$5.8M$44.8M10x
Hyperliquid HYPE+0.0100%1h93.939+0.067%$2.05B$665.6M10xas long as short
Pacifica HYPE+0.0100%1h93.887+0.011%$10.1M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.893+0.018%$46.5M$18.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.838−0.041%$227.4M$98.5M75xas long as short
Variational Omni HYPE+0.0100%8h93.910+0.035%$31.1M$54.7Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.947+0.075%$7.6M$47.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.891+0.015%$339K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.836−0.043%$670K$2.6M20xas long as short
Vest HYPE-PERPshort+0.0100%1h93.901+0.026%$243K5x
Polymarket Perps HYPE-USD+0.0100%1h93.868−0.009%$474K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.820−0.060%$79K$171K20xas long as short
Derive HYPE-PERP+0.0100%1h93.822−0.058%$16.3M$7.7M10xas long as short
SunX HYPE-USDT+0.0100%4h93.921+0.047%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.850−0.028%$2.0M$1.9M10xas long as short
Bulk HYPE-USD+0.0100%1h93.880+0.004%$204K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.811−0.070%$18.3M$44.2M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.940+0.068%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.760−0.124%$30K$339K12xas long as short
HTX HYPE-USDT+0.0208%4h93.976+0.106%$1.4M$5.9M75xas long as short
RISEx HYPE/USDC+0.0210%1h93.910+0.036%$3.2M$7.0M20xas long as short
Reya HYPERUSDPERP+0.0255%1h93.820−0.060%$80K$140K15xas long as short
Kalshi KXHYPEPERP+0.0275%8h93.921+0.047%$1.9M$4.9M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0156%1h93.873−0.003%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0410%1h93.944+0.072%$7.5M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0679%1h93.935+0.062%$21.0M$29.8M50xas long as short