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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:12 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.020%
Price spread now: Aevo against Perpl+0.005%7-day average +0.002% · 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 7 days+0.160%+$16 on $10k
Price spread, last 3 days (all we have)−0.028%−$3 · spread now +0.005%, 7d avg +0.002%
Together, before fees+0.132%+ Points / potential airdropPerpl: Active · farm board+$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPerpl HYPE93.5910get 0.0000% / 43m40m 20s$23K$326K10x
ShortAevo HYPE-PERP93.5960.0096get 0.0012% / 1h18m 20s$398K$180K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Perpl. 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
$20.16
Price spread: +0.005% → +0.002%
$0.3
Slippage, 4 orders
no order book: not counted
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$9.34
Costs to cover
0.298%
Break-even
10.2 days
Slippage unknown: Perpl: no order-book sample; Aevo: live order book, 56 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 Perpl no order-book sample
Sell Aevo live order book, 56 min ago2.31 bp16.2 bp −$1619.4 bp −$19422.0 bp −$2,197doesn't fit
Perpl: 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−0.1312%1h93.756+0.176%$198K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.417−0.186%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0185%1h93.952+0.385%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0151%1h93.510−0.087%$710K$955K10xas long as short
dYdX HYPE-USD−0.0108%1h93.519−0.077%$128K$31K5xas long as short
Bullet HYPE-USD−0.0097%1h93.605+0.015%$113K$581K20xas long as short
01 Exchange HYPEUSD−0.0096%1h93.536−0.059%$85K$360K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.531−0.064%$3K$33125xas long as short
Gate HYPE_USDT−0.0080%4h93.619+0.030%$44.4M$60.1M75xas long as short
Orderly PERP_HYPE_USDC−0.0027%4h93.603+0.013%$159K$645K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit HYPEUSDT−0.0021%8h93.660+0.074%$321.7M$280.4M75xas long as short
Phemex HYPEUSDT−0.0017%8h93.548−0.046%$12.7M$2.6M50xas long as short
Perpl HYPElong0.0000%43m93.591long leg$23K$326K10x
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.626+0.037%$27K150xas long as short
Aster HYPEUSDT+0.0003%4h93.592+0.001%$8.9M$36.1M300xas long as short
Derive HYPE-PERP+0.0003%1h93.596+0.005%$16.4M$7.3M10xas long as short
Phoenix HYPE+0.0034%1h94.149+0.596%$219K$1.2M10xas long as short
Binance HYPEUSDT+0.0042%4h93.619+0.029%$381.9M$894.2M75xas long as short
MEXC HYPE_USDT+0.0044%4h93.576−0.016%$88.1M$83.1M100xas long as short
edgeX HYPEUSDC+0.0057%4h93.961+0.395%$5.1M$30.0M30xas long as short
OKX HYPE-USDT-SWAP+0.0074%8h93.645+0.058%$115.6M$316.6M50xas long as short
Bluefin HYPE-PERP+0.0083%1h93.651+0.064%$76K$170K20xas long as short
Lighter HYPE+0.0096%1h93.555−0.038%$19.1M$60.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.538−0.057%$3.0M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.540−0.055%$66K$1.2M50xas long as short
Aevo HYPE-PERPshort+0.0096%1h93.596+0.005%$398K$180K20x
Paradex HYPE-USD-PERP+0.0099%8h93.554−0.040%$340K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.550−0.044%$17K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.515−0.081%$6.6M$44.8M10xas long as short
Hyperliquid HYPE+0.0100%1h93.631+0.043%$2.04B$675.3M10xas long as short
Pacifica HYPE+0.0100%1h93.571−0.022%$10.1M$14.6M20xas long as short
Bulk HYPE-USD+0.0100%1h93.528−0.067%$204K$12K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.570−0.023%$46.5M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.687+0.102%$227.1M$101.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.607+0.017%$54.0Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.522−0.074%$7.7M$10.3M20xas long as short
Variational Omni HYPE+0.0100%8h93.939+0.372%$31.4M$54.1Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.991+0.427%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.940+0.373%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.838+0.264%$679K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.603+0.013%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.596+0.005%$473K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.673+0.088%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.653+0.066%$2.0M$2.0M10xas long as short
Extended HYPE-USD+0.0104%1h93.623+0.034%$18.7M$44.5M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.590−0.001%$4.9M$5.5M50xas long as short
BloFin HYPE-USDT+0.0179%4h93.552−0.042%$17.0M$12.1M75xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.490+0.960%$31K$338K12xas long as short
RISEx HYPE/USDC+0.0222%1h93.571−0.022%$2.7M$6.8M20xas long as short
Kalshi KXHYPEPERP+0.0227%8h93.641+0.053%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0252%1h93.568−0.025%$79K$142K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0334% / S −0.0156%1h93.615+0.026%$1.4M100xas long as short
HTX HYPE-USDT+0.0374%4h93.750+0.170%$1.5M$6.1M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0615%1h93.757+0.177%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0673%1h93.761+0.181%$20.9M$29.8M50xas long as short