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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.020%
Price spread now: GRVT against Pacifica+0.225%52s7-day average +0.015% · 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 7 days+0.076%+$8 on $10k
Price spread, last 7 days−0.252%−$25 · spread now +0.225%, 7d avg +0.015%
Together, before fees−0.176%+ Points / potential airdropPacifica: Active · GRVT: Active · farm board−$18 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: GRVT is 0.210% dearer against Pacifica than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.015%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica HYPE93.0360.0100pay 0.0013% / 1h51m 45s$10.0M$14.4M20x
ShortGRVT HYPE_USDT_Perp93.2450.0100get 0.0050% / 4h1h 51m$7.5M$44.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT against Pacifica. 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
$0
Price spread: +0.225% → +0.015%
$20.99
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
$3.99
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Pacifica: live order book, 2 min ago; GRVT: live order book, 2 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 Pacifica live order book, 2 min ago0.05 bp4.2 bp −$4doesn't fitdoesn't fitdoesn't fit
Sell GRVT live order book, 2 min ago0.05 bp5.0 bp −$56.0 bp −$60doesn't fitdoesn't fit

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
Aftermath Perps HYPEUSD−0.0295%1h93.123+0.094%$22K$22K10xas long as short
Arcus HYPE-USD−0.0131%1h92.960−0.081%$1.2M$4.0M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.988−0.051%$3K$33125xas long as short
Hibachi HYPE/USDT-P−0.0048%1h93.010−0.028%$196K$231K7xas long as short
Derive HYPE-PERP−0.0012%1h92.913−0.131%$16.3M$7.1M10xas long as short
Aster HYPEUSDT0.0000%4h92.944−0.099%$8.9M$35.9M300xas long as short
dYdX HYPE-USD0.0000%1h93.009−0.029%$127K$32K5xas long as short
01 Exchange HYPEUSD0.0000%1h93.009−0.029%$90K$362K20xas long as short
Kalshi KXHYPEPERP0.0000%8h92.970−0.071%$1.9M$5.3M2.3xas long as short
Perpl HYPE0.0000%43m92.995−0.044%$23K$331K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.009−0.029%$20K150xas long as short
Bybit HYPEUSDT+0.0032%8h92.900−0.146%$323.1M$286.6M75xas long as short
Popdex HYPEUSDT+0.0032%1h92.997−0.042%$56K$1.2M50xas long as short
Phoenix HYPE+0.0034%1h93.222+0.200%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0042%4h92.992−0.047%$165K$515K20xas long as short
Gate HYPE_USDT+0.0052%4h92.913−0.132%$43.9M$56.8M75xas long as short
Ondo Perps HYPE-USD.P+0.0067%1h92.840−0.210%$699K$925K10xas long as short
Bullet HYPE-USD+0.0081%1h92.973−0.068%$112K$579K20xas long as short
Lighter HYPE+0.0096%1h92.954−0.087%$18.4M$58.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.008−0.030%$3.0M$12.0M20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.018−0.019%$338K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h92.980−0.060%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h92.943−0.099%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h92.960−0.081%$2.02B$669.9M10xas long as short
Pacifica HYPElong+0.0100%1h93.036long leg$10.0M$14.4M20x
Binance HYPEUSDT+0.0100%4h92.920−0.125%$382.4M$892.5M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h92.909−0.136%$114.0M$313.8M50xas long as short
Bulk HYPE-USD+0.0100%1h93.271+0.253%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h92.911−0.134%$90.6M$81.3M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.920−0.124%$47.0M$19.0M75xas long as short
Bitget HYPEUSDT+0.0100%4h92.926−0.118%$225.2M$102.9M75xas long as short
BingX HYPE-USDT+0.0100%4h92.914−0.131%$54.2Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.017−0.020%$7.8M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.107+0.077%$29.0M$50.3Mas long as short
GRVT HYPE_USDT_Perpshort+0.0100%4h93.245+0.225%$7.5M$44.9M10x
ApeX Omni HYPEUSDT+0.0100%1h93.221+0.199%$412K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.100+0.069%$673K$2.5M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.018−0.019%$492K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.991−0.048%$75K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.001−0.037%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.986−0.053%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h92.991−0.048%$12.7M$2.6M50xas long as short
Vest HYPE-PERP+0.0100%1h93.029−0.007%$454K5xas long as short
edgeX HYPEUSDC+0.0103%4h93.179+0.154%$5.1M$29.4M30xas long as short
Extended HYPE-USD+0.0104%1h92.895−0.151%$18.3M$42.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h92.990−0.049%$396K$318K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.050+0.015%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h92.990−0.049%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0246%1h92.973−0.068%$77K$158K15xas long as short
RISEx HYPE/USDC+0.0280%1h93.055+0.020%$2.7M$6.8M20xas long as short
HTX HYPE-USDT+0.0295%4h93.172+0.147%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0158%1h93.003−0.035%$1.5M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.007−0.031%$17.0M$12.4M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0406%1h93.097+0.066%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0467%1h93.104+0.074%$20.8M$28.4M50xas long as short