Funding arb · Price arb /

HYPE

all HYPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Polymarket Perps against Pacifica−0.032%7-day average −0.045% · you buy dearer than you sell

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−$180.176% of the position

Long on Pacifica Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 7 days+0.073%+$7 · spread now −0.032%, 7d avg −0.045%

Together, before fees+0.117%+ Points / potential airdropPacifica: Active · farm board+$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica HYPE	93.360	0.0100	pay 0.0013% / 1h	57m 56s	$10.0M	$14.5M	20x
Short	Polymarket Perps HYPE-USD	93.330	0.0100	get 0.0013% / 1h	57m 56s	$503K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Position, each leg$Hold fordaysFee PacificabpFee Polymarket PerpsbpOrdersPrice spread, now −0.032%Rate

Funding earned: $0
Price spread: −0.032% → −0.045%: $1.3
Slippage, 4 orders: −$1.57
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$16.27
Costs to cover: 0.176%
Break-even: never at this rate

Slippage from Pacifica: live order book, 1 min ago; Polymarket Perps: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Pacifica live order book, 1 min ago	0.05 bp	4.1 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 6 min ago	0.54 bp	4.5 bp −$5	5.9 bp −$59	12.1 bp −$1,215	doesn't fit

HYPE on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.1368%	1h	93.352	−0.009%	$197K	$240K	7x	as long as short
Ondo Perps HYPE-USD.P	−0.0154%	1h	93.290	−0.075%	$700K	$952K	10x	as long as short
01 Exchange HYPEUSD	−0.0104%	1h	93.310	−0.054%	$89K	$342K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.371	+0.012%	$3K	$331	25x	as long as short
Aftermath Perps HYPEUSD	−0.0068%	1h	93.398	+0.041%	$22K	$22K	10x	as long as short
Popdex HYPEUSDT	−0.0008%	1h	93.301	−0.063%	$56K	$1.2M	50x	as long as short
Bullet HYPE-USD	−0.0006%	1h	93.292	−0.073%	$112K	$583K	20x	as long as short
Gate HYPE_USDT	−0.0006%	4h	93.282	−0.084%	$44.1M	$56.1M	75x	as long as short
SoDEX HYPE-USD	−0.0003%	1h	93.247	−0.121%	$2.0M	$2.0M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.425	+0.070%	$127K	$33K	5x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXHYPEPERP	0.0000%	8h	93.452	+0.099%	$1.9M	$5.4M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	93.356	−0.004%	$24K	$343K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.311	−0.053%	$20K	—	150x	as long as short
Aster HYPEUSDT	+0.0008%	4h	93.275	−0.091%	$8.9M	$36.6M	300x	as long as short
Bybit HYPEUSDT	+0.0041%	8h	93.256	−0.111%	$325.1M	$289.5M	75x	as long as short
Bluefin HYPE-PERP	+0.0057%	1h	93.273	−0.093%	$76K	$168K	20x	as long as short
Derive HYPE-PERP	+0.0058%	1h	93.225	−0.145%	$16.4M	$7.1M	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0078%	4h	93.298	−0.066%	$180K	$537K	20x	as long as short
Phoenix HYPE	+0.0094%	1h	93.444	+0.090%	$216K	$1.1M	10x	as long as short
Lighter HYPE	+0.0096%	1h	93.315	−0.048%	$18.6M	$58.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.281	−0.085%	$3.1M	$12.3M	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.360	0.000%	$38K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.332	−0.031%	$6.0M	$44.6M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.343	−0.018%	$2.03B	$673.9M	10x	as long as short
Pacifica HYPElong	+0.0100%	1h	93.360	long leg	$10.0M	$14.5M	20x
Binance HYPEUSDT	+0.0100%	4h	93.277	−0.089%	$386.1M	$893.6M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.271	−0.095%	$114.6M	$317.4M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.320	−0.043%	$1.2M	$4.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.386	+0.028%	$204K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.276	−0.090%	$92.3M	$81.3M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.269	−0.097%	$46.2M	$19.6M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.293	−0.072%	$226.7M	$103.1M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.270	−0.096%	—	$54.5M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.286	−0.079%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.466	+0.114%	$28.9M	$50.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.411	+0.055%	$7.5M	$46.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.411	+0.055%	$406K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.419	+0.063%	$675K	$2.4M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.365	+0.005%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USDshort	+0.0100%	1h	93.330	−0.032%	$503K	$2.6M	20x
SunX HYPE-USDT	+0.0100%	4h	93.337	−0.025%	$32K	$1.6M	20x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.290	−0.075%	$12.7M	$2.6M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0101%	8h	93.361	+0.002%	$339K	$171K	20x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.269	−0.098%	$18.4M	$41.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.282	−0.083%	$397K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0113%	4h	93.404	+0.047%	$5.1M	$29.5M	30x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.380	+0.021%	$4.9M	$5.7M	50x	as long as short
Reya HYPERUSDPERP	+0.0244%	1h	93.293	−0.071%	$77K	$157K	15x	as long as short
Injective HYPE/USDC PERP	+0.0285%	1h	93.340	−0.021%	$30K	$231K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0286%	1h	93.359	−0.001%	$7.4M	$4.6M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0165%	1h	93.317	−0.046%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.363	+0.003%	$17.2M	$12.7M	75x	as long as short
HTX HYPE-USDT	+0.0441%	4h	93.450	+0.096%	$1.5M	$7.6M	75x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.370	+0.011%	$2.7M	$6.9M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0574%	1h	93.388	+0.029%	$18.7M	$24.8M	50x	as long as short