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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.017%
Price spread now: Bitget against Paradex+0.086%52s7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$270.265% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.036%−$4 on $10k
Price spread, last 4 days (all we have)+0.041%+$4 · spread now +0.086%, 7d avg −0.033%
Together, before fees+0.005%+ Points / potential airdropParadex: Active · farm board$0 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: Bitget is 0.119% dearer against Paradex than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.033%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex HYPE-USD-PERP93.3770.0100pay 0.0100% / 8h2h 49m$339K$171K20x
ShortBitget HYPEUSDT93.4580.0100get 0.0050% / 4h2h 49m$227.0M$102.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
−$0.06
Price spread: +0.086% → −0.033%
$11.94
Slippage, 4 orders
−$10.55
Fee Paradex: 2 bp × 2 orders
−$4
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$14.67
Costs to cover
0.265%
Break-even
never at this rate
Slippage from Paradex: live order book, 39 min ago; Bitget: live order book, 4 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 Paradex live order book, 39 min ago2.46 bp4.5 bp −$411.1 bp −$111doesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago0.05 bp10.8 bp −$1114.5 bp −$145doesn'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
Hibachi HYPE/USDT-P−0.1280%1h93.248−0.138%$197K$233K7xas long as short
Ondo Perps HYPE-USD.P−0.0188%1h93.210−0.179%$700K$949K10xas long as short
Aftermath Perps HYPEUSD−0.0136%1h93.337−0.043%$22K$22K10xas long as short
01 Exchange HYPEUSD−0.0088%1h93.395+0.019%$89K$344K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.301−0.082%$3K$33125xas long as short
Bullet HYPE-USD−0.0034%1h93.332−0.048%$113K$583K20xas long as short
dYdX HYPE-USD0.0000%1h93.407+0.032%$127K$33K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.446+0.074%$1.9M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.373−0.005%$23K$343K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.398+0.022%$20K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0006%4h93.394+0.018%$8.9M$36.3M300xas long as short
Gate HYPE_USDT+0.0008%4h93.439+0.066%$44.2M$56.2M75xas long as short
Derive HYPE-PERP+0.0017%1h93.309−0.073%$16.4M$7.1M10xas long as short
Bybit HYPEUSDT+0.0041%8h93.423+0.049%$325.7M$288.3M75xas long as short
Phoenix HYPE+0.0068%1h93.368−0.010%$215K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0076%4h93.370−0.008%$180K$536K20xas long as short
Lighter HYPE+0.0096%1h93.405+0.030%$18.5M$59.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.375−0.002%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.388+0.011%$56K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.370−0.008%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.394+0.017%$6.0M$44.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.497+0.128%$2.04B$668.9M10xas long as short
Pacifica HYPE+0.0100%1h93.379+0.002%$10.0M$14.5M20xas long as short
Binance HYPEUSDT+0.0100%4h93.443+0.070%$386.4M$890.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.439+0.066%$114.8M$316.6M50xas long as short
Arcus HYPE-USD+0.0100%1h93.329−0.052%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.335−0.045%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.415+0.040%$92.4M$81.7M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.410+0.035%$46.3M$19.4M75xas long as short
Bitget HYPEUSDTshort+0.0100%4h93.458+0.086%$227.0M$102.1M75x
BingX HYPE-USDT+0.0100%4h93.417+0.043%$54.5Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.384+0.007%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.295−0.088%$28.8M$49.8Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.383+0.006%$7.5M$46.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.287−0.097%$405K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.344−0.036%$675K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.401+0.025%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.392+0.016%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.366−0.012%$76K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h93.389+0.013%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.342−0.038%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.346−0.034%$12.7M$2.6M50xas long as short
Paradex HYPE-USD-PERPlong+0.0100%8h93.377long leg$339K$171K20x
Extended HYPE-USD+0.0104%1h93.415+0.041%$18.4M$41.0M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.361−0.017%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0113%4h93.276−0.108%$5.1M$29.5M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.420+0.046%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.358−0.020%$77K$157K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.230−0.158%$30K$231K12xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0285%1h93.449+0.077%$7.4M$4.6M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.390+0.013%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.295−0.088%$17.1M$12.5M75xas long as short
HTX HYPE-USDT+0.0403%4h93.550+0.185%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.424+0.050%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.446+0.074%$19.2M$25.8M50xas long as short