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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.040%
Price spread now: HTX against Pacifica−0.043%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$310.305% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.134%+$13 on $10k
Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.043%, 7d avg +0.029%
Together, before fees+0.108%+ Points / potential airdropPacifica: Active · farm board+$11 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: HTX is 0.072% cheaper against Pacifica than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica HYPE93.3900.0100pay 0.0013% / 1h22m 28s$10.1M$15.3M20x
ShortHTX HYPE-USDT93.3500.0100get 0.0050% / 4h2h 22m$1.4M$6.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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: −0.043% → +0.029%
−$7.24
Slippage, 4 orders
−$10.54
Fee Pacifica: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$37.78
Costs to cover
0.305%
Break-even
never at this rate
Slippage from Pacifica: live order book, 2 min ago; HTX: live order book, 2 min ago.

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 ago0.43 bp4.7 bp −$5doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 2 min ago1.02 bp9.7 bp −$1014.6 bp −$14646.2 bp −$4,619doesn'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
Hibachi HYPE/USDT-P−0.1408%1h93.184−0.221%$197K$238K7xas long as short
Aftermath Perps HYPEUSD−0.0385%1h93.269−0.129%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.373−0.018%$3K$33125xas long as short
Bullet HYPE-USD−0.0055%1h93.432+0.045%$111K$581K20xas long as short
Orderly PERP_HYPE_USDC−0.0021%4h93.428+0.040%$146K$672K20xas long as short
01 Exchange HYPEUSD−0.0008%1h93.467+0.082%$88K$365K20xas long as short
dYdX HYPE-USD0.0000%1h93.395+0.005%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.399+0.010%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.450+0.064%$62K150xas long as short
Arcus HYPE-USD+0.0011%1h93.368−0.024%$1.0M$3.9M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget HYPEUSDT+0.0012%4h93.430+0.043%$225.4M$98.9M75xas long as short
Bybit HYPEUSDT+0.0019%8h93.441+0.054%$317.3M$282.2M75xas long as short
Phoenix HYPE+0.0026%1h93.255−0.145%$207K$1.2M10xas long as short
Ondo Perps HYPE-USD.P+0.0030%1h93.240−0.161%$702K$1.2M10xas long as short
Phemex HYPEUSDT+0.0060%8h93.318−0.077%$12.7M$2.8M50xas long as short
edgeX HYPEUSDC+0.0085%4h93.101−0.310%$4.9M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0094%8h93.398+0.009%$340K$157K20xas long as short
Lighter HYPE+0.0096%1h93.363−0.029%$16.1M$63.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.365−0.027%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.435+0.048%$75K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.410+0.021%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.355−0.038%$8.0M$48.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.467+0.082%$2.03B$665.7M10xas long as short
Aster HYPEUSDT+0.0100%4h93.427+0.039%$8.7M$36.3M300xas long as short
Pacifica HYPElong+0.0100%1h93.390long leg$10.1M$15.3M20x
Binance HYPEUSDT+0.0100%4h93.436+0.049%$374.7M$911.7M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.467+0.082%$114.7M$309.9M50xas long as short
Bulk HYPE-USD+0.0100%1h93.358−0.034%$216K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h93.414+0.025%$47.0M$54.4M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.444+0.058%$90.3M$81.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.424+0.036%$46.2M$18.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.431+0.044%$53.8Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.329−0.066%$7.1M$10.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.070−0.343%$28.4M$56.3Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.294−0.103%$7.5M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.095−0.316%$341K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.255−0.145%$667K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.456+0.071%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.444+0.058%$484K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.460+0.075%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.258−0.142%$16.1M$7.4M10xas long as short
SunX HYPE-USDT+0.0100%4h93.224−0.178%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.278−0.120%$2.0M$1.9M10xas long as short
HTX HYPE-USDTshort+0.0100%4h93.350−0.043%$1.4M$6.5M75x
Extended HYPE-USD+0.0104%1h93.370−0.021%$18.1M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.249−0.151%$394K$158K20xas long as short
Kalshi KXHYPEPERP+0.0108%8h93.314−0.082%$1.8M$5.6M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.140−0.268%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.250−0.150%$4.6M$5.8M50xas long as short
Reya HYPERUSDPERP+0.0269%1h93.415+0.027%$80K$127K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.449+0.063%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.312−0.084%$16.8M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0341%1h93.327−0.068%$20.8M$29.5M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0436%1h93.348−0.045%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.470+0.086%$3.2M$6.2M20xas long as short