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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.007%
Price spread now: Vest against Pacifica+0.079%7-day average −0.020% · 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 3 days (all we have)−0.125%−$13 on $10k
Price spread, last 4 days (all we have)+0.345%+$35 · spread now +0.079%, 7d avg −0.020%
Together, before fees+0.220%+ Points / potential airdropPacifica: Active · Vest: Active · farm board+$22 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: Vest is 0.099% dearer against Pacifica than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica HYPE93.4730.0100pay 0.0013% / 1h42m 47s$10.1M$14.6M20x
ShortVest HYPE-PERP93.5470.0100get 0.0013% / 1h42m 47s$243K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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: +0.079% → −0.020%
$9.89
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Vest: 1 bp × 2 orders
−$2
Net
−$0.11
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Pacifica: live order book, 1 min ago; Vest: no order-book sample. 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, 1 min ago0.96 bp5.3 bp −$5doesn't fitdoesn't fitdoesn't fit
Sell Vest no order-book sample
Vest: 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−0.1240%1h93.378−0.102%$196K$226K7xas long as short
Arcus HYPE-USD−0.0899%1h93.355−0.126%$1.2M$3.8M10xas long as short
Bluefin HYPE-PERP−0.0178%1h93.529+0.060%$79K$170K20xas long as short
Phemex HYPEUSDT−0.0086%8h93.495+0.024%$12.6M$2.7M50xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.485+0.013%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0046%4h93.514+0.044%$156K$629K20xas long as short
Aftermath Perps HYPEUSD−0.0041%1h93.400−0.078%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0040%1h93.500+0.029%$85K$346K20xas long as short
Ondo Perps HYPE-USD.P−0.0009%1h93.360−0.121%$698K$978K10xas long as short
dYdX HYPE-USD0.0000%1h93.446−0.029%$128K$31K5xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.474+0.001%$23K$322K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.557+0.089%$62K150xas long as short
BingX HYPE-USDT+0.0008%4h93.584+0.119%$53.0Mas long as short
Aster HYPEUSDT+0.0021%4h93.559+0.092%$8.8M$35.6M300xas long as short
Phoenix HYPE+0.0026%1h93.549+0.081%$213K$1.2M10xas long as short
Bybit HYPEUSDT+0.0032%8h93.570+0.104%$323.0M$276.8M75xas long as short
Bullet HYPE-USD+0.0050%1h93.513+0.043%$111K$578K20xas long as short
Gate HYPE_USDT+0.0052%4h93.555+0.088%$44.6M$54.6M75xas long as short
OKX HYPE-USDT-SWAP+0.0078%8h93.569+0.103%$114.5M$302.8M50xas long as short
Lighter HYPE+0.0096%1h93.594+0.130%$16.4M$61.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.583+0.118%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.487+0.015%$68K$1.2M50xas long as short
MEXC HYPE_USDT+0.0096%4h93.573+0.107%$87.8M$80.2M100xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.514+0.044%$340K$162K20xas long as short
Binance HYPEUSDT+0.0097%4h93.573+0.107%$379.9M$877.2M75xas long as short
edgeX HYPEUSDC+0.0099%4h93.527+0.057%$5.1M$30.0M30xas long as short
Katana Perps HYPE-USD+0.0100%8h93.470−0.003%$19K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.475+0.002%$5.8M$43.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.647+0.187%$2.04B$655.3M10xas long as short
Pacifica HYPElong+0.0100%1h93.473long leg$10.1M$14.6M20x
Bulk HYPE-USD+0.0100%1h93.580+0.114%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.587+0.122%$46.0M$18.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.574+0.108%$226.3M$96.7M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.555+0.088%$7.4M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.339−0.144%$31.1M$54.0Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.288−0.198%$7.5M$45.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.588+0.123%$340K$999K50xas long as short
StandX HYPE-USD+0.0100%1h93.524+0.055%$667K$2.6M20xas long as short
Vest HYPE-PERPshort+0.0100%1h93.547+0.079%$243K5x
Polymarket Perps HYPE-USD+0.0100%1h93.533+0.064%$472K$2.5M20xas long as short
Derive HYPE-PERP+0.0100%1h93.532+0.063%$16.2M$7.6M10xas long as short
SunX HYPE-USDT+0.0100%4h93.628+0.166%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.580+0.114%$2.0M$1.9M10xas long as short
Extended HYPE-USD+0.0104%1h93.549+0.081%$18.4M$43.7M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.571+0.105%$398K$163K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.690+0.232%$4.9M$5.4M50xas long as short
HTX HYPE-USDT+0.0202%4h93.700+0.243%$1.4M$6.0M75xas long as short
Reya HYPERUSDPERP+0.0257%1h93.505+0.034%$80K$140K15xas long as short
Kalshi KXHYPEPERP+0.0279%8h93.529+0.060%$1.9M$5.1M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0156%1h93.557+0.090%$1.4M100xas long as short
BloFin HYPE-USDT+0.0337%4h93.577+0.111%$17.0M$11.7M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0359%1h93.656+0.196%$7.5M$4.4M50xas long as short
RISEx HYPE/USDC+0.0510%1h93.580+0.114%$3.2M$6.5M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.350−0.132%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0683%1h93.644+0.183%$20.8M$30.1M50xas long as short