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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Aevo against StandX−0.230%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$660.664% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.006%+$1 on $10k
Price spread, last 4 days (all we have)−0.174%−$17 · spread now −0.230%, 7d avg +0.002%
Together, before fees−0.167%+ Points / potential airdropStandX: Active · farm board−$17 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: Aevo is 0.232% cheaper against StandX than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX HYPE-USD92.7930.0100pay 0.0013% / 1h52m 05s$665K$2.7M20x
ShortAevo HYPE-PERP92.5800.0104get 0.0013% / 1h52m 05s$391K$164K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against StandX. 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
$0.84
Price spread: −0.230% → +0.002%
−$23.17
Slippage, 4 orders
−$42.4
Fee StandX: 4 bp × 2 orders
−$8
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$88.73
Costs to cover
0.664%
Break-even
746.4 days
Slippage from StandX: live order book, 2 min ago; Aevo: live order book, 7 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 StandX live order book, 2 min ago1.29 bp5.3 bp −$55.5 bp −$5512.8 bp −$1,277doesn't fit
Sell Aevo live order book, 7 min ago17.65 bp25.9 bp −$2626.0 bp −$26030.7 bp −$3,067doesn'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
Arcus HYPE-USD−0.0948%1h92.446−0.374%$1.2M$3.8M10xas long as short
Hibachi HYPE/USDT-P−0.0760%1h92.788−0.006%$195K$227K7xas long as short
Aftermath Perps HYPEUSD−0.0110%1h92.736−0.061%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0104%1h92.553−0.259%$86K$351K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.573−0.237%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0065%4h92.552−0.260%$158K$663K20xas long as short
Ondo Perps HYPE-USD.P−0.0064%1h92.720−0.079%$699K$1.1M10xas long as short
Bullet HYPE-USD−0.0048%1h92.565−0.246%$111K$579K20xas long as short
dYdX HYPE-USD0.0000%1h92.691−0.110%$127K$31K5xas long as short
Perpl HYPE0.0000%43m92.571−0.239%$23K$309K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.608−0.199%$62K150xas long as short
Aster HYPEUSDT+0.0006%4h92.599−0.209%$8.7M$36.2M300xas long as short
Derive HYPE-PERP+0.0018%1h92.535−0.278%$16.0M$7.5M10xas long as short
Phemex HYPEUSDT+0.0026%8h92.568−0.242%$12.5M$2.7M50xas long as short
BingX HYPE-USDT+0.0032%4h92.553−0.259%$53.2Mas long as short
Bybit HYPEUSDT+0.0037%8h92.510−0.305%$317.6M$279.2M75xas long as short
Phoenix HYPE+0.0043%1h92.855+0.067%$211K$1.2M10xas long as short
Gate HYPE_USDT+0.0050%4h92.555−0.256%$44.5M$54.5M75xas long as short
ApeX Omni HYPEUSDT+0.0068%1h92.356−0.471%$337K$1.0M50xas long as short
OKX HYPE-USDT-SWAP+0.0074%8h92.509−0.306%$113.1M$300.7M50xas long as short
Popdex HYPEUSDT+0.0080%1h92.552−0.260%$67K$1.2M50xas long as short
MEXC HYPE_USDT+0.0084%4h92.563−0.248%$87.8M$80.1M100xas long as short
Binance HYPEUSDT+0.0084%4h92.543−0.270%$372.2M$892.1M75xas long as short
edgeX HYPEUSDC+0.0090%4h92.792−0.001%$5.1M$29.2M30xas long as short
Paradex HYPE-USD-PERP+0.0093%8h92.623−0.183%$338K$162K20xas long as short
Lighter HYPE+0.0096%1h92.580−0.230%$16.0M$62.0M20xas long as short
Lighter RH HYPE+0.0096%1h92.558−0.253%$3.1M$11.6M20xas long as short
Katana Perps HYPE-USD+0.0100%8h92.540−0.273%$14K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h92.579−0.230%$5.8M$43.1M10xas long as short
Hyperliquid HYPE+0.0100%1h92.600−0.208%$2.02B$657.8M10xas long as short
Pacifica HYPE+0.0100%1h92.620−0.186%$10.0M$14.9M20xas long as short
Bulk HYPE-USD+0.0100%1h92.800+0.008%$202K$13K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.594−0.214%$45.9M$18.2M75xas long as short
Bitget HYPEUSDT+0.0100%4h92.515−0.300%$223.9M$97.5M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.550−0.262%$7.4M$10.0M20xas long as short
Variational Omni HYPE+0.0100%8h92.820+0.029%$28.4M$57.0Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.596−0.212%$7.5M$45.7M10xas long as short
StandX HYPE-USDlong+0.0100%1h92.793long leg$665K$2.7M20x
Vest HYPE-PERP+0.0100%1h92.646−0.158%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.612−0.195%$468K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h92.628−0.178%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.578−0.232%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h92.721−0.078%$1.4M$6.2M75xas long as short
Extended HYPE-USD+0.0104%1h92.485−0.332%$18.1M$43.3M50xas long as short
Aevo HYPE-PERPshort+0.0104%1h92.580−0.230%$391K$164K20x
Injective HYPE/USDC PERP+0.0150%1h93.000+0.223%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0160%1h92.630−0.176%$4.7M$5.5M50xas long as short
Reya HYPERUSDPERP+0.0260%1h92.568−0.242%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0263%8h92.699−0.101%$1.8M$5.4M2.3xas long as short
BloFin HYPE-USDT+0.0325%4h92.787−0.006%$16.8M$11.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0330% / S −0.0153%1h92.602−0.206%$1.4M100xas long as short
Kraken Futures PF_HYPEUSD+0.0332%1h92.618−0.189%$20.6M$30.3M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0473%1h92.680−0.122%$7.5M$4.4M50xas long as short
RISEx HYPE/USDC+0.0687%1h92.626−0.179%$3.1M$6.4M20xas long as short
Bluefin HYPE-PERP+0.1674%1h92.565−0.246%$78K$169K20xas long as short