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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0246%/8h= −27.0% APRnext payment $0.31 per $10,000 · paid last 24h +0.015%
Price spread now: Aftermath Perps against StandX−0.077%55s7-day average · 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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropStandX: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Aftermath Perps is 0.077% cheaper against StandX than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX HYPE-USD93.4430.0100pay 0.0013% / 1h48m 38s$676K$2.4M20x
ShortAftermath Perps HYPEUSD93.371−0.0146pay 0.0018% / 1h48m 38s$22K$22K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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
−$51.73
Price spread: −0.077% → 0.000%
−$7.71
Slippage, 4 orders
no order book: not counted
Fee StandX: 4 bp × 2 orders
−$8
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$76.44
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: StandX: live order book, just now; Aftermath 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 StandX live order book, just now1.28 bp5.3 bp −$55.4 bp −$5411.8 bp −$1,183doesn't fit
Sell Aftermath Perps no order-book sample
Aftermath 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−0.1280%1h93.248−0.208%$197K$233K7xas long as short
Ondo Perps HYPE-USD.P−0.0157%1h93.330−0.121%$700K$944K10xas long as short
Aftermath Perps HYPEUSDshort−0.0146%1h93.371−0.077%$22K$22K10x
01 Exchange HYPEUSD−0.0080%1h93.503+0.064%$89K$344K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.412−0.033%$3K$33125xas long as short
Bullet HYPE-USD−0.0025%1h93.376−0.072%$113K$583K20xas long as short
dYdX HYPE-USD0.0000%1h93.504+0.065%$127K$33K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.497+0.058%$1.9M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.441−0.002%$23K$343K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.420−0.025%$19K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0012%4h93.465+0.024%$8.9M$36.2M300xas long as short
Derive HYPE-PERP+0.0017%1h93.339−0.111%$16.4M$7.1M10xas long as short
Gate HYPE_USDT+0.0036%4h93.467+0.026%$44.2M$56.2M75xas long as short
Bybit HYPEUSDT+0.0041%8h93.460+0.018%$325.9M$288.4M75xas long as short
Phoenix HYPE+0.0068%1h93.408−0.037%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0076%4h93.408−0.037%$180K$536K20xas long as short
ApeX Omni HYPEUSDT+0.0092%1h93.318−0.134%$405K$1.1M50xas long as short
Lighter HYPE+0.0096%1h93.523+0.085%$18.5M$59.3M20xas long as short
Lighter RH HYPE+0.0096%1h93.494+0.055%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.480+0.040%$56K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.480+0.040%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.478+0.038%$6.0M$44.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.513+0.075%$2.04B$668.9M10xas long as short
Pacifica HYPE+0.0100%1h93.491+0.051%$10.0M$14.5M20xas long as short
Binance HYPEUSDT+0.0100%4h93.478+0.037%$386.1M$890.1M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.470+0.029%$114.9M$316.2M50xas long as short
Arcus HYPE-USD+0.0100%1h93.449+0.006%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.335−0.115%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.469+0.028%$92.8M$81.8M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.461+0.019%$46.3M$19.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.484+0.044%$227.1M$102.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.462+0.020%$54.3Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.418−0.027%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.295−0.158%$28.8M$49.8Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.336−0.114%$7.5M$46.2M10xas long as short
StandX HYPE-USDlong+0.0100%1h93.443long leg$676K$2.4M20x
Vest HYPE-PERP+0.0100%1h93.495+0.056%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.428−0.016%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.391−0.056%$76K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h93.424−0.020%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.378−0.070%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.381−0.066%$12.7M$2.6M50xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.490+0.050%$339K$171K20xas long as short
Extended HYPE-USD+0.0104%1h93.450+0.007%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.400−0.046%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0113%4h93.276−0.179%$5.1M$29.5M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.460+0.018%$4.9M$5.7M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0242%1h93.484+0.044%$7.4M$4.6M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.392−0.054%$77K$157K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.290−0.164%$30K$231K12xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.425−0.019%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.376−0.072%$17.1M$12.5M75xas long as short
HTX HYPE-USDT+0.0398%4h93.581+0.148%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.546+0.110%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.479+0.039%$19.2M$25.9M50xas long as short