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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0195%/8h= −21.4% APRnext payment $0.24 per $10,000 · paid last 24h −0.023%
Price spread now: Ondo Perps against SoDEX−0.021%7-day average −0.082% · 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)−0.062%−$6 on $10k
Price spread, last 3 days (all we have)−0.079%−$8 · spread now −0.021%, 7d avg −0.082%
Together, before fees−0.141%+ Points / potential airdropOndo Perps: Active · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.061% dearer against SoDEX than usual: you sell high and buy low (spread −0.021% now, against its 7-day average of −0.082%): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 3 days (−0.062% in total) that is about 3.1 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX HYPE-USD93.8500.0100pay 0.0013% / 1h55m 52s$2.0M$2.0M10x
ShortOndo Perps HYPE-USD.P93.830−0.0095pay 0.0012% / 1h55m 52s$705K$923K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against SoDEX. 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
−$40.99
Price spread: −0.021% → −0.082%
$6.11
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$47.89
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: SoDEX: live order book, 3 min ago; Ondo 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 SoDEX live order book, 3 min ago0.37 bp6.8 bp −$712.8 bp −$128doesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
Ondo 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 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−0.1432%1h93.897+0.050%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.746−0.111%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0322%1h93.973+0.131%$22K$22K10xas long as short
dYdX HYPE-USD−0.0239%1h93.914+0.068%$128K$30K5xas long as short
Bybit HYPEUSDT−0.0123%8h93.820−0.032%$322.8M$283.5M75xas long as short
01 Exchange HYPEUSD−0.0120%1h93.843−0.007%$86K$365K20xas long as short
Ondo Perps HYPE-USD.Pshort−0.0095%1h93.830−0.021%$705K$923K10x
Hotstuff HYPE-PERP−0.0080%1h93.868+0.019%$3K$33125xas long as short
Bullet HYPE-USD−0.0075%1h93.825−0.027%$112K$579K20xas long as short
Gate HYPE_USDT−0.0062%4h93.830−0.021%$44.6M$58.8M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Derive HYPE-PERP−0.0013%1h93.778−0.077%$16.4M$7.2M10xas long as short
Orderly PERP_HYPE_USDC−0.0008%4h93.829−0.022%$169K$594K20xas long as short
Perpl HYPE0.0000%43m93.879+0.031%$23K$329K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.860+0.011%$27K150xas long as short
Phoenix HYPE+0.0009%1h94.114+0.281%$218K$1.2M10xas long as short
Aster HYPEUSDT+0.0015%4h93.814−0.039%$8.9M$36.1M300xas long as short
Popdex HYPEUSDT+0.0040%1h93.835−0.016%$60K$1.2M50xas long as short
MEXC HYPE_USDT+0.0042%4h93.861+0.012%$88.1M$81.8M100xas long as short
Binance HYPEUSDT+0.0043%4h93.838−0.013%$383.3M$898.1M75xas long as short
edgeX HYPEUSDC+0.0054%4h93.988+0.147%$5.1M$29.7M30xas long as short
OKX HYPE-USDT-SWAP+0.0086%8h93.821−0.031%$115.8M$321.7M50xas long as short
Lighter HYPE+0.0096%1h93.897+0.050%$18.8M$58.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.876+0.028%$3.1M$12.0M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.904+0.057%$399K$268K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.903+0.056%$341K$171K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.860+0.011%$42K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.835−0.015%$6.6M$44.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.946+0.102%$2.04B$680.7M10xas long as short
Pacifica HYPE+0.0100%1h93.871+0.023%$10.1M$14.6M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.871+0.022%$46.5M$18.5M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.857+0.007%$227.4M$101.9M75xas long as short
BingX HYPE-USDT+0.0100%4h93.822−0.030%$54.0Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.879+0.031%$7.7M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.832−0.019%$31.2M$54.3Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.052+0.215%$7.6M$45.4M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.033+0.195%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.964+0.121%$679K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.895+0.048%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.872+0.023%$471K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.828−0.023%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h93.903+0.056%$32K$1.6M20xas long as short
SoDEX HYPE-USDlong+0.0100%1h93.850long leg$2.0M$2.0M10x
Phemex HYPEUSDT+0.0100%8h93.890+0.043%$12.8M$2.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.944+0.100%$205K$6K10xas long as short
Extended HYPE-USD+0.0104%1h93.842−0.009%$18.4M$42.6M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.890+0.043%$4.9M$5.7M50xas long as short
Kalshi KXHYPEPERP+0.0163%8h93.929+0.084%$1.9M$5.1M2.3xas long as short
BloFin HYPE-USDT+0.0175%4h93.897+0.050%$17.0M$12.5M75xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.150+0.320%$31K$338K12xas long as short
RISEx HYPE/USDC+0.0222%1h93.889+0.041%$2.8M$6.9M20xas long as short
Reya HYPERUSDPERP+0.0250%1h93.820−0.032%$78K$143K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0251%1h93.948+0.104%$7.5M$4.7M50xas long as short
HTX HYPE-USDT+0.0310%4h94.050+0.213%$1.5M$7.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0157%1h93.862+0.012%$1.4M100xas long as short
Kraken Futures PF_HYPEUSD+0.0672%1h93.955+0.111%$21.0M$29.5M50xas long as short