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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 04:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h +0.039%
Price spread now: Phemex against Orderly+0.043%7-day average +0.015% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on OrderlyShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days+0.168%+$17 on $10k
Price spread, last 3 days (all we have)−0.062%−$6 · spread now +0.043%, 7d avg +0.015%
Together, before fees+0.106%+$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.028% dearer against Orderly than usual: you sell high and buy low (spread +0.043% now, against its 7-day average of +0.015%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 7.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.168%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_HYPE_USDC93.360−0.0049get 0.0025% / 4h2h 49m$158K$646K20x
ShortPhemex HYPEUSDT93.400−0.0062pay 0.0062% / 8h6h 49m$12.7M$2.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against Orderly. 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
−$2.64
Price spread: +0.043% → +0.015%
$2.8
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$17.85
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; Phemex: live order book, 5 min ago. 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 Orderly no order-book sample—————
Sell Phemex live order book, 5 min ago3.55 bp14.6 bp −$1538.0 bp −$380doesn't fitdoesn't fit
Orderly: 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−0.1064%1h93.439+0.085%$197K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.349−0.012%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0199%1h93.348−0.013%$22K$21K10xas long as short
Backpack HYPE_USDC_PERP−0.0149%1h93.452+0.099%$7.8M$10.6M20xas long as short
Ondo Perps HYPE-USD.P−0.0084%1h93.450+0.096%$699K$979K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.282−0.084%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.438+0.084%$85K$361K20xas long as short
Gate HYPE_USDT−0.0072%4h93.423+0.067%$44.3M$53.8M75xas long as short
Phemex HYPEUSDTshort−0.0062%8h93.400+0.043%$12.7M$2.7M50x
Orderly PERP_HYPE_USDClong−0.0049%4h93.360long leg$158K$646K20x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0024%4h93.472+0.120%$8.9M$36.2M300xas long as short
ApeX Omni HYPEUSDT−0.0006%1h93.312−0.051%$337K$1.1M50xas long as short
dYdX HYPE-USD0.0000%1h93.543+0.196%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.482+0.130%$22K$333K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.429+0.074%$26K—150xas long as short
BingX HYPE-USDT+0.0012%4h93.404+0.047%—$54.2M—as long as short
Bybit HYPEUSDT+0.0025%8h93.382+0.024%$319.5M$282.8M75xas long as short
edgeX HYPEUSDC+0.0038%4h93.103−0.275%$5.0M$29.8M30xas long as short
MEXC HYPE_USDT+0.0042%4h93.395+0.037%$87.7M$82.1M100xas long as short
Binance HYPEUSDT+0.0044%4h93.407+0.050%$380.8M$904.4M75xas long as short
Derive HYPE-PERP+0.0053%1h93.353−0.008%$16.2M$7.6M10xas long as short
Bluefin HYPE-PERP+0.0056%1h93.390+0.032%$79K$173K20xas long as short
Phoenix HYPE+0.0060%1h93.190−0.182%$212K$1.2M10xas long as short
Bullet HYPE-USD+0.0061%1h93.389+0.031%$111K$578K20xas long as short
OKX HYPE-USDT-SWAP+0.0065%8h93.455+0.102%$115.2M$315.8M50xas long as short
Aevo HYPE-PERP+0.0088%1h93.382+0.023%$397K$177K20xas long as short
Lighter HYPE+0.0096%1h93.425+0.070%$16.5M$62.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.426+0.071%$3.1M$11.8M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.424+0.069%$64K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.553+0.206%$340K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.430+0.075%$37K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.425+0.070%$6.6M$44.7M10xas long as short
Hyperliquid HYPE+0.0100%1h93.559+0.213%$2.04B$672.9M10xas long as short
Pacifica HYPE+0.0100%1h93.512+0.163%$10.0M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.421+0.065%$46.0M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.392+0.034%$226.0M$100.7M75xas long as short
Variational Omni HYPE+0.0100%8h93.281−0.085%$30.9M$55.0M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.172−0.202%$7.5M$46.9M10xas long as short
StandX HYPE-USD+0.0100%1h93.459+0.106%$667K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.500+0.150%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.491+0.140%$468K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.483+0.132%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.388+0.030%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.250−0.118%$203K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.365+0.005%$18.4M$44.4M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.500+0.150%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.440+0.086%$30K$338K12xas long as short
BloFin HYPE-USDT+0.0175%4h93.407+0.050%$17.0M$12.1M75xas long as short
RISEx HYPE/USDC+0.0210%1h93.504+0.154%$2.7M$6.7M20xas long as short
Reya HYPERUSDPERP+0.0253%1h93.435+0.080%$79K$142K15xas long as short
Kalshi KXHYPEPERP+0.0258%8h93.590+0.246%$1.9M$5.2M2.3xas long as short
HTX HYPE-USDT+0.0267%4h93.558+0.212%$1.5M$6.1M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0334% / S −0.0158%1h93.427+0.071%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0499%1h93.502+0.152%$7.5M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0682%1h93.495+0.145%$20.9M$29.9M50xas long as short