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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0148%/8h= −16.2% APRnext payment $0.19 per $10,000 · paid last 24h −0.030%
Price spread now: 01 Exchange against Pacifica−0.040%7-day average +0.014% · you buy dearer than you sell
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)−0.037%−$4 on $10k
Price spread, last 4 days (all we have)+0.123%+$12 · spread now −0.040%, 7d avg +0.014%
Together, before fees+0.085%+ Points / potential airdropPacifica: Active · farm board+$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and 01 Exchange is 0.053% cheaper against Pacifica than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.014%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica HYPE93.3350.0100pay 0.0013% / 1h7m 23s$10.0M$14.7M20x
Short01 Exchange HYPEUSD93.298−0.0048pay 0.0006% / 1h7m 23s$84K$347K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$31.08
Price spread: −0.040% → +0.014%
−$5.34
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$51.42
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Pacifica: live order book, 2 min ago; 01 Exchange: live order book, 62 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 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell 01 Exchange live order book, 62 min ago0.16 bp6.1 bp −$611.0 bp −$110doesn't fitdoesn't fit

HYPE on 54 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−0.1112%1h93.252−0.089%$196K$227K7xas long as short
Arcus HYPE-USD−0.0786%1h93.171−0.176%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.333−0.002%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0076%1h93.300−0.038%$701K$909K10xas long as short
Phemex HYPEUSDT−0.0073%8h93.309−0.028%$12.6M$2.7M50xas long as short
Orderly PERP_HYPE_USDC−0.0055%4h93.310−0.027%$156K$645K20xas long as short
01 Exchange HYPEUSDshort−0.0048%1h93.298−0.040%$84K$347K20x
Aftermath Perps HYPEUSD−0.0038%1h93.552+0.233%$22K$21K10xas long as short
Aster HYPEUSDT−0.0010%4h93.296−0.042%$8.8M$35.8M300xas long as short
Gate HYPE_USDT−0.0008%4h93.280−0.059%$44.2M$55.4M75xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack HYPE_USDC_PERP−0.0003%1h93.310−0.027%$7.4M$10.4M20xas long as short
dYdX HYPE-USD0.0000%1h93.303−0.034%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.297−0.040%$22K$323K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.311−0.025%$25K150xas long as short
BingX HYPE-USDT+0.0006%4h93.303−0.034%$53.4Mas long as short
Bybit HYPEUSDT+0.0011%8h93.260−0.081%$320.1M$277.2M75xas long as short
Phoenix HYPE+0.0060%1h93.484+0.159%$210K$1.2M10xas long as short
Bullet HYPE-USD+0.0065%1h93.283−0.056%$111K$577K20xas long as short
MEXC HYPE_USDT+0.0070%4h93.310−0.027%$88.1M$83.5M100xas long as short
Binance HYPEUSDT+0.0070%4h93.297−0.041%$379.9M$882.1M75xas long as short
OKX HYPE-USDT-SWAP+0.0075%8h93.286−0.053%$114.6M$302.9M50xas long as short
edgeX HYPEUSDC+0.0081%4h93.375+0.043%$5.0M$29.9M30xas long as short
Lighter HYPE+0.0096%1h93.339+0.004%$16.3M$62.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.344+0.009%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.288−0.051%$67K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.327−0.009%$397K$172K20xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.336+0.001%$339K$163K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.320−0.016%$21K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.326−0.010%$5.7M$43.7M10xas long as short
Hyperliquid HYPE+0.0100%1h93.385+0.053%$2.04B$657.4M10xas long as short
Pacifica HYPElong+0.0100%1h93.335long leg$10.0M$14.7M20x
Bulk HYPE-USD+0.0100%1h93.760+0.455%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.319−0.017%$46.2M$18.0M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.292−0.046%$225.9M$97.3M75xas long as short
Variational Omni HYPE+0.0100%8h93.519+0.197%$31.1M$54.7Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.391+0.060%$7.5M$47.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.374+0.042%$337K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.362+0.029%$666K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.345+0.010%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.320−0.016%$474K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.294−0.044%$79K$170K20xas long as short
Derive HYPE-PERP+0.0100%1h93.311−0.026%$16.2M$7.7M10xas long as short
SunX HYPE-USDT+0.0100%4h93.421+0.092%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.331−0.004%$2.0M$1.9M10xas long as short
Extended HYPE-USD+0.0104%1h93.278−0.062%$18.3M$43.7M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.360+0.027%$4.9M$5.4M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.370+0.037%$30K$339K12xas long as short
HTX HYPE-USDT+0.0182%4h93.524+0.202%$1.4M$5.9M75xas long as short
RISEx HYPE/USDC+0.0210%1h93.381+0.049%$3.2M$6.7M20xas long as short
Reya HYPERUSDPERP+0.0256%1h93.298−0.040%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0282%8h93.397+0.066%$1.9M$4.9M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h93.305−0.033%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0457%1h93.433+0.105%$7.4M$4.4M50xas long as short
Kraken Futures PF_HYPEUSD+0.0683%1h93.368+0.035%$20.8M$29.8M50xas long as short