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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0178%/8h= +19.5% APRpaid last 24h +0.061%
Price spread now: Reya against OKX+0.023%7-day average +0.006% · 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)+0.039%+$4 on $10k
Price spread, last 4 days (all we have)+0.149%+$15 · spread now +0.023%, 7d avg +0.006%
Together, before fees+0.188%+ Points / potential airdropReya: Active · farm board+$19 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX HYPE-USDT-SWAP94.2480.0094pay 0.0094% / 8h1h 06m$116.4M$320.0M50x
ShortReya HYPERUSDPERP94.2690.0272get 0.0034% / 1h6m 22s$83K$134K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya against OKX. 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
$37.36
Price spread: +0.023% → +0.006%
$1.65
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Reya: 3 bp × 2 orders
−$6
Net
$23.02
Costs to cover
0.160%
Break-even
2.7 days
Slippage unknown: OKX: live order book, 3 min ago; Reya: 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 OKX live order book, 3 min ago0.05 bp5.8 bp −$68.4 bp −$8415.9 bp −$1,591doesn't fit
Sell Reya no order-book sample
Reya: 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 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−0.1128%1h94.272+0.025%$200K$234K7xas long as short
Aftermath Perps HYPEUSD−0.0158%1h94.319+0.075%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0097%1h94.310+0.066%$710K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.373+0.133%$3K$33125xas long as short
Bullet HYPE-USD−0.0066%1h94.278+0.032%$111K$578K20xas long as short
01 Exchange HYPEUSD−0.0048%1h94.351+0.109%$87K$366K20xas long as short
Bluefin HYPE-PERP−0.0044%1h94.207−0.044%$80K$155K20xas long as short
Orderly PERP_HYPE_USDC−0.0011%4h94.246−0.002%$146K$685K20xas long as short
Bybit HYPEUSDT−0.0006%8h94.253+0.005%$317.6M$289.4M75xas long as short
BingX HYPE-USDT−0.0004%4h94.280+0.034%$53.5Mas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX HYPE-USD0.0000%1h94.405+0.166%$129K$26K5xas long as short
Kalshi KXHYPEPERP0.0000%8h94.463+0.228%$1.8M$5.6M2.3xas long as short
Perpl HYPE0.0000%43m94.421+0.183%$19K$287K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S 0.0000%1h94.303+0.059%$117K150xas long as short
Derive HYPE-PERP+0.0003%1h94.317+0.074%$16.4M$7.5M10xas long as short
Phoenix HYPE+0.0017%1h94.223−0.027%$209K$1.1M10xas long as short
Bitget HYPEUSDT+0.0052%4h94.227−0.022%$226.8M$99.9M75xas long as short
Phemex HYPEUSDT+0.0053%8h94.294+0.049%$12.9M$2.9M50xas long as short
Paradex HYPE-USD-PERP+0.0071%8h94.380+0.140%$337K$156K20xas long as short
Arcus HYPE-USD+0.0084%1h94.328+0.085%$1.0M$3.5M10xas long as short
edgeX HYPEUSDC+0.0085%4h94.169−0.084%$5.0M$30.7M30xas long as short
OKX HYPE-USDT-SWAPlong+0.0094%8h94.248long leg$116.4M$320.0M50x
Lighter HYPE+0.0096%1h94.251+0.003%$16.3M$64.4M20xas long as short
Lighter RH HYPE+0.0096%1h94.353+0.111%$3.2M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.317+0.073%$79K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h94.360+0.119%$15K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h94.315+0.072%$7.3M$50.8M10xas long as short
Hyperliquid HYPE+0.0100%1h94.429+0.192%$2.08B$687.6M10xas long as short
Aster HYPEUSDT+0.0100%4h94.335+0.093%$8.8M$37.2M300xas long as short
Pacifica HYPE+0.0100%1h94.365+0.124%$10.2M$15.5M20xas long as short
Binance HYPEUSDT+0.0100%4h94.277+0.031%$377.3M$931.7M75xas long as short
Bulk HYPE-USD+0.0100%1h94.183−0.069%$217K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h94.275+0.029%$49.4M$57.1M75xas long as short
MEXC HYPE_USDT+0.0100%4h94.301+0.056%$90.0M$85.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.325+0.082%$47.0M$18.6M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.343+0.101%$7.6M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h94.138−0.117%$29.1M$55.3Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.264+0.017%$7.6M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.207−0.044%$362K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h94.384+0.144%$682K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h94.403+0.164%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.353+0.111%$496K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h94.380+0.140%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.251+0.003%$2.1M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h94.437+0.201%$1.4M$6.8M75xas long as short
Extended HYPE-USD+0.0104%1h94.209−0.042%$18.2M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h94.379+0.138%$399K$159K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h94.300+0.055%$4.7M$6.2M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0142%1h94.331+0.088%$7.5M$4.3M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0151% / S +0.0022%1h94.468+0.233%$1.4M100xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.310+0.066%$30K$340K12xas long as short
Reya HYPERUSDPERPshort+0.0272%1h94.269+0.023%$83K$134K15x
BloFin HYPE-USDT+0.0340%4h94.367+0.126%$17.0M$12.3M75xas long as short
Kraken Futures PF_HYPEUSD+0.0412%1h94.323+0.080%$20.2M$30.3M50xas long as short
RISEx HYPE/USDC+0.0559%1h94.355+0.113%$3.2M$6.4M20xas long as short