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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.05 per $10,000 · paid last 24h +0.033%
Price spread now: Aftermath Perps against Ondo Perps+0.173%7-day average · 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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aftermath Perps is 0.173% dearer against Ondo Perps than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps HYPE-USD.P93.210−0.0186get 0.0023% / 1h48m 46s$700K$943K10x
ShortAftermath Perps HYPEUSD93.371−0.0146pay 0.0018% / 1h48m 46s$22K$22K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Ondo Perps. 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
$8.25
Price spread: +0.173% → 0.000%
$17.27
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
$11.52
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Ondo Perps: no order-book sample; Aftermath Perps: 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 Ondo Perps no order-book sample
Sell Aftermath Perps no order-book sample
Ondo Perps and Aftermath Perps: 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−0.1280%1h93.248+0.041%$197K$233K7xas long as short
Ondo Perps HYPE-USD.Plong−0.0186%1h93.210long leg$700K$943K10x
Aftermath Perps HYPEUSDshort−0.0146%1h93.371+0.173%$22K$22K10x
01 Exchange HYPEUSD−0.0080%1h93.419+0.224%$89K$344K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.380+0.182%$3K$33125xas long as short
Bullet HYPE-USD−0.0025%1h93.376+0.178%$113K$583K20xas long as short
dYdX HYPE-USD0.0000%1h93.504+0.315%$127K$33K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.497+0.308%$1.9M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.441+0.248%$23K$343K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.420+0.225%$19K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0012%4h93.455+0.263%$8.9M$36.2M300xas long as short
Derive HYPE-PERP+0.0017%1h93.339+0.138%$16.4M$7.1M10xas long as short
Gate HYPE_USDT+0.0018%4h93.446+0.253%$44.2M$56.2M75xas long as short
Bybit HYPEUSDT+0.0041%8h93.450+0.257%$325.9M$288.4M75xas long as short
Phoenix HYPE+0.0068%1h93.408+0.212%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0076%4h93.408+0.212%$180K$536K20xas long as short
ApeX Omni HYPEUSDT+0.0092%1h93.318+0.116%$405K$1.1M50xas long as short
Lighter HYPE+0.0096%1h93.523+0.335%$18.5M$59.3M20xas long as short
Lighter RH HYPE+0.0096%1h93.494+0.305%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.399+0.203%$56K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.420+0.225%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.398+0.202%$6.0M$44.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.513+0.325%$2.04B$668.9M10xas long as short
Pacifica HYPE+0.0100%1h93.491+0.301%$10.0M$14.5M20xas long as short
Binance HYPEUSDT+0.0100%4h93.467+0.276%$386.0M$890.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.460+0.268%$114.8M$316.2M50xas long as short
Arcus HYPE-USD+0.0100%1h93.383+0.186%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.335+0.135%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.440+0.247%$92.8M$81.8M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.440+0.247%$46.3M$19.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.488+0.298%$227.1M$102.1M75xas long as short
BingX HYPE-USDT+0.0100%4h93.439+0.246%$54.5Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.418+0.223%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.295+0.092%$28.8M$49.8Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.336+0.135%$7.5M$46.2M10xas long as short
StandX HYPE-USD+0.0100%1h93.344+0.144%$675K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.438+0.244%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.428+0.234%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.391+0.194%$76K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h93.424+0.230%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.378+0.180%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.381+0.183%$12.7M$2.6M50xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.427+0.233%$339K$171K20xas long as short
Extended HYPE-USD+0.0104%1h93.416+0.221%$18.4M$41.0M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.400+0.203%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0113%4h93.276+0.071%$5.1M$29.5M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.460+0.268%$4.9M$5.7M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0242%1h93.484+0.294%$7.4M$4.6M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.392+0.196%$77K$157K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.290+0.086%$30K$231K12xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.425+0.230%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.376+0.178%$17.1M$12.5M75xas long as short
HTX HYPE-USDT+0.0398%4h93.581+0.398%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.466+0.275%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.479+0.289%$19.2M$25.9M50xas long as short