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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: StandX against Polymarket Perps−0.031%7-day average +0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$200.195% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.048%+$5 on $10k
Price spread, last 7 days+0.153%+$15 · spread now −0.031%, 7d avg +0.047%
Together, before fees+0.201%+ Points / potential airdropStandX: Active · farm board+$20 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: StandX is 0.078% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.047%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps HYPE-USD93.9530.0100pay 0.0013% / 1h19m 32s$482K$2.7M20x
ShortStandX HYPE-USD93.9240.0100get 0.0013% / 1h19m 32s$672K$2.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against Polymarket Perps. 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: −0.031% → +0.047%
−$7.81
Slippage, 4 orders
−$3.53
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee StandX: 4 bp × 2 orders
−$8
Net
−$27.34
Costs to cover
0.195%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 4 min ago; StandX: 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 Polymarket Perps live order book, 4 min ago0.54 bp4.7 bp −$56.1 bp −$6112.7 bp −$1,273doesn't fit
Sell StandX live order book, 4 min ago1.13 bp5.1 bp −$55.1 bp −$519.6 bp −$955doesn'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−0.1376%1h93.862−0.097%$199K$239K7xas long as short
Aftermath Perps HYPEUSD−0.0422%1h93.426−0.561%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.906−0.050%$3K$33125xas long as short
Bullet HYPE-USD−0.0044%1h93.935−0.019%$112K$581K20xas long as short
Orderly PERP_HYPE_USDC−0.0019%4h93.885−0.072%$146K$672K20xas long as short
dYdX HYPE-USD0.0000%1h93.915−0.041%$129K$29K5xas long as short
01 Exchange HYPEUSD0.0000%1h93.948−0.005%$88K$365K20xas long as short
Perpl HYPE0.0000%43m93.951−0.002%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.957+0.005%$62K150xas long as short
Arcus HYPE-USD+0.0011%1h93.888−0.069%$1.0M$3.9M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget HYPEUSDT+0.0014%4h93.919−0.036%$226.7M$98.9M75xas long as short
Bybit HYPEUSDT+0.0020%8h93.900−0.056%$318.8M$283.1M75xas long as short
Phoenix HYPE+0.0026%1h93.624−0.350%$208K$1.2M10xas long as short
Phemex HYPEUSDT+0.0029%8h93.881−0.077%$12.8M$2.8M50xas long as short
Ondo Perps HYPE-USD.P+0.0047%1h93.870−0.088%$704K$1.2M10xas long as short
edgeX HYPEUSDC+0.0094%4h93.626−0.348%$5.0M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0094%8h93.987+0.036%$342K$157K20xas long as short
Lighter HYPE+0.0096%1h93.952−0.001%$16.2M$63.3M20xas long as short
Lighter RH HYPE+0.0096%1h93.952−0.001%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.930−0.024%$73K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.750−0.216%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.910−0.045%$7.8M$48.5M10xas long as short
Hyperliquid HYPE+0.0100%1h93.986+0.035%$2.05B$670.6M10xas long as short
Aster HYPEUSDT+0.0100%4h93.943−0.011%$8.8M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.970+0.018%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.914−0.041%$376.6M$915.7M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.925−0.030%$115.8M$313.1M50xas long as short
Bulk HYPE-USD+0.0100%1h93.358−0.633%$216K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h93.946−0.007%$47.3M$54.6M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.939−0.015%$90.5M$81.6M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.959+0.006%$46.4M$18.9M75xas long as short
BingX HYPE-USDT+0.0100%4h93.934−0.020%$53.9Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.925−0.030%$7.2M$10.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.699−0.271%$28.6M$56.2Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.275−0.722%$7.5M$47.3M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.227−0.773%$342K$997K50xas long as short
StandX HYPE-USDshort+0.0100%1h93.924−0.031%$672K$2.8M20x
Vest HYPE-PERP+0.0100%1h93.976+0.024%$243K5xas long as short
Polymarket Perps HYPE-USDlong+0.0100%1h93.953long leg$482K$2.7M20x
Bluefin HYPE-PERP+0.0100%1h93.9530.000%$80K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.902−0.054%$16.2M$7.4M10xas long as short
SunX HYPE-USDT+0.0100%4h93.967+0.015%$33K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.918−0.037%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h94.051+0.104%$1.4M$6.5M75xas long as short
Extended HYPE-USD+0.0104%1h93.909−0.046%$18.2M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.939−0.015%$397K$158K20xas long as short
Kalshi KXHYPEPERP+0.0113%8h93.839−0.121%$1.8M$5.6M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.620−0.354%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h94.000+0.050%$4.6M$5.8M50xas long as short
Reya HYPERUSDPERP+0.0270%1h93.934−0.020%$80K$127K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h93.948−0.005%$1.4M100xas long as short
Kraken Futures PF_HYPEUSD+0.0339%1h93.984+0.033%$21.0M$29.5M50xas long as short
BloFin HYPE-USDT+0.0340%4h93.730−0.237%$16.8M$12.0M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0378%1h93.998+0.048%$7.5M$4.1M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.956+0.003%$3.2M$6.3M20xas long as short