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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.042%
Price spread now: Hyperliquid against Pacifica+0.135%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$290.287% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.159%+$16 on $10k
Price spread, last 7 days−0.145%−$14 · spread now +0.135%, 7d avg +0.011%
Together, before fees+0.014%+ Points / potential airdropPacifica: Active · Hyperliquid: Season 2 · farm board+$1 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: Hyperliquid is 0.124% dearer against Pacifica than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.011%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica HYPE92.4140.0100pay 0.0013% / 1h57m 12s$10.0M$14.9M20x
ShortHyperliquid HYPE92.5390.0100get 0.0013% / 1h57m 12s$2.02B$658.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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: +0.135% → +0.011%
$12.38
Slippage, 4 orders
−$11.68
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$16.3
Costs to cover
0.287%
Break-even
never at this rate
Slippage from Pacifica: live order book, 7 min ago; Hyperliquid: live order book, 7 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, 7 min ago0.05 bp4.5 bp −$5doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 7 min ago2.64 bp7.1 bp −$7doesn't fitdoesn'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
Arcus HYPE-USD−0.0948%1h92.278−0.147%$1.2M$3.8M10xas long as short
Hibachi HYPE/USDT-P−0.0816%1h92.530+0.125%$194K$227K7xas long as short
Bullet HYPE-USD−0.0194%1h92.453+0.042%$111K$579K20xas long as short
01 Exchange HYPEUSD−0.0176%1h92.394−0.022%$85K$350K20xas long as short
Ondo Perps HYPE-USD.P−0.0122%1h92.340−0.080%$700K$1.1M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.509+0.103%$3K$33125xas long as short
Aftermath Perps HYPEUSD−0.0072%1h92.695+0.304%$22K$21K10xas long as short
Orderly PERP_HYPE_USDC−0.0061%4h92.487+0.079%$157K$663K20xas long as short
Aster HYPEUSDT−0.0008%4h92.498+0.091%$8.7M$36.2M300xas long as short
dYdX HYPE-USD0.0000%1h92.429+0.016%$127K$31K5xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m92.425+0.012%$23K$309K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.529+0.125%$62K150xas long as short
Popdex HYPEUSDT+0.0024%1h92.398−0.017%$68K$1.2M50xas long as short
Phoenix HYPE+0.0026%1h92.584+0.184%$210K$1.2M10xas long as short
Derive HYPE-PERP+0.0030%1h92.479+0.070%$16.0M$7.5M10xas long as short
BingX HYPE-USDT+0.0032%4h92.476+0.067%$53.2Mas long as short
Bybit HYPEUSDT+0.0038%8h92.582+0.182%$317.8M$278.8M75xas long as short
Gate HYPE_USDT+0.0044%4h92.468+0.058%$44.4M$54.3M75xas long as short
Phemex HYPEUSDT+0.0055%8h92.589+0.189%$12.5M$2.7M50xas long as short
OKX HYPE-USDT-SWAP+0.0072%8h92.600+0.201%$113.1M$300.5M50xas long as short
MEXC HYPE_USDT+0.0080%4h92.592+0.193%$87.6M$80.0M100xas long as short
Binance HYPEUSDT+0.0081%4h92.560+0.158%$372.3M$890.8M75xas long as short
Paradex HYPE-USD-PERP+0.0093%8h92.409−0.006%$337K$163K20xas long as short
Lighter HYPE+0.0096%1h92.573+0.172%$16.0M$61.9M20xas long as short
Lighter RH HYPE+0.0096%1h92.594+0.195%$3.1M$11.6M20xas long as short
edgeX HYPEUSDC+0.0098%4h92.541+0.137%$5.1M$29.2M30xas long as short
Katana Perps HYPE-USD+0.0100%8h92.420+0.006%$19K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h92.370−0.047%$5.8M$43.1M10xas long as short
Hyperliquid HYPEshort+0.0100%1h92.539+0.135%$2.02B$658.4M10x
Pacifica HYPElong+0.0100%1h92.414long leg$10.0M$14.9M20x
KuCoin HYPEUSDTM+0.0100%4h92.532+0.128%$45.9M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h92.645+0.250%$224.2M$97.4M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.477+0.068%$7.4M$10.0M20xas long as short
Variational Omni HYPE+0.0100%8h92.526+0.121%$28.6M$56.6Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.627+0.230%$7.5M$45.7M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.550+0.147%$336K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h92.567+0.166%$664K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h92.487+0.080%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.498+0.091%$467K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h92.452+0.041%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.570+0.169%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h92.700+0.309%$1.4M$6.1M75xas long as short
Bulk HYPE-USD+0.0100%1h92.810+0.428%$202K$13K10xas long as short
Extended HYPE-USD+0.0104%1h92.510+0.104%$18.2M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h92.545+0.142%$391K$164K20xas long as short
Injective HYPE/USDC PERP+0.0150%1h92.340−0.080%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0160%1h92.590+0.190%$4.7M$5.5M50xas long as short
Reya HYPERUSDPERP+0.0260%1h92.445+0.033%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0264%8h92.564+0.162%$1.8M$5.4M2.3xas long as short
BloFin HYPE-USDT+0.0321%4h92.530+0.126%$16.8M$11.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0330% / S −0.0153%1h92.515+0.109%$1.4M100xas long as short
Kraken Futures PF_HYPEUSD+0.0332%1h92.649+0.254%$20.6M$30.2M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0452%1h92.652+0.258%$7.5M$4.4M50xas long as short
RISEx HYPE/USDC+0.0687%1h92.466+0.056%$3.1M$6.4M20xas long as short
Bluefin HYPE-PERP+0.7395%1h92.556+0.154%$78K$169K20xas long as short