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−0.0246%/8h= −27.0% APRpaid last 24h −0.017%
Price spread now: Aftermath Perps against Paradex−0.334%7-day average · 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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Aftermath Perps is 0.334% cheaper against Paradex than usual: you would sell low and buy high (−$33 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex HYPE-USD-PERP93.9010.0095pay 0.0095% / 8h6h 28m$341K$164K20x
ShortAftermath Perps HYPEUSD93.587−0.0151pay 0.0019% / 1h28m 39s$22K$21K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Paradex. 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
−$51.73
Price spread: −0.334% → 0.000%
−$33.39
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$98.12
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Paradex: live order book, 40 min ago; Aftermath Perps: 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 Paradex live order book, 40 min ago1.44 bp3.4 bp −$39.8 bp −$98doesn't fitdoesn't fit
Sell Aftermath Perps no order-book sample
Aftermath Perps: 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 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−0.0904%1h93.685−0.230%$197K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.743−0.168%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSDshort−0.0151%1h93.587−0.334%$22K$21K10x
Phemex HYPEUSDT−0.0134%8h93.757−0.153%$12.7M$2.7M50xas long as short
Ondo Perps HYPE-USD.P−0.0088%1h93.740−0.171%$701K$958K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.716−0.197%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0056%4h93.776−0.133%$156K$648K20xas long as short
01 Exchange HYPEUSD−0.0056%1h93.834−0.071%$86K$350K20xas long as short
Gate HYPE_USDT−0.0050%4h93.817−0.089%$44.5M$54.8M75xas long as short
Backpack HYPE_USDC_PERP−0.0046%1h93.773−0.136%$7.8M$10.3M20xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0005%4h93.852−0.052%$8.9M$36.0M300xas long as short
Bybit HYPEUSDT−0.0001%8h93.841−0.063%$322.3M$281.4M75xas long as short
dYdX HYPE-USD0.0000%1h93.868−0.035%$129K$31K5xas long as short
Perpl HYPE0.0000%43m93.814−0.092%$22K$326K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.825−0.081%$26K150xas long as short
BingX HYPE-USDT+0.0006%4h93.814−0.092%$53.9Mas long as short
Bullet HYPE-USD+0.0056%1h93.817−0.089%$112K$578K20xas long as short
MEXC HYPE_USDT+0.0058%4h93.870−0.033%$88.1M$82.8M100xas long as short
edgeX HYPEUSDC+0.0059%4h93.654−0.262%$5.1M$30.1M30xas long as short
Phoenix HYPE+0.0060%1h93.705−0.208%$211K$1.2M10xas long as short
Binance HYPEUSDT+0.0065%4h93.852−0.052%$381.8M$897.8M75xas long as short
OKX HYPE-USDT-SWAP+0.0067%8h93.858−0.045%$115.4M$310.0M50xas long as short
Derive HYPE-PERP+0.0092%1h93.770−0.139%$16.3M$7.7M10xas long as short
Paradex HYPE-USD-PERPlong+0.0095%8h93.901long leg$341K$164K20x
Lighter HYPE+0.0096%1h93.849−0.055%$16.4M$62.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.843−0.061%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.818−0.088%$66K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.806−0.101%$399K$177K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.800−0.107%$21K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.808−0.098%$5.7M$45.2M10xas long as short
Hyperliquid HYPE+0.0100%1h93.933+0.035%$2.05B$671.3M10xas long as short
Pacifica HYPE+0.0100%1h93.876−0.026%$10.1M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.850−0.054%$46.5M$18.2M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.825−0.080%$227.0M$98.6M75xas long as short
Variational Omni HYPE+0.0100%8h93.610−0.309%$31.0M$54.8Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.468−0.461%$7.5M$48.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.658−0.258%$338K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.762−0.148%$669K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.857−0.046%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.843−0.061%$470K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.783−0.125%$79K$172K20xas long as short
SunX HYPE-USDT+0.0100%4h93.883−0.019%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.790−0.118%$2.0M$1.9M10xas long as short
Bulk HYPE-USD+0.0100%1h93.348−0.589%$203K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.793−0.114%$18.3M$44.4M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.850−0.054%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.790−0.118%$30K$339K12xas long as short
RISEx HYPE/USDC+0.0210%1h93.864−0.039%$3.2M$7.0M20xas long as short
HTX HYPE-USDT+0.0217%4h93.979+0.084%$1.4M$5.9M75xas long as short
Reya HYPERUSDPERP+0.0254%1h93.813−0.094%$80K$140K15xas long as short
Kalshi KXHYPEPERP+0.0270%8h93.872−0.030%$1.9M$5.1M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0156%1h93.825−0.080%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0389%1h93.893−0.008%$7.5M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0679%1h93.883−0.019%$21.0M$29.9M50xas long as short