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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.014%
Price spread now: BingX against StandX+0.122%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$220.216% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.087%−$9 on $10k
Price spread, last 7 days−0.114%−$11 · spread now +0.122%, 7d avg −0.008%
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: BingX is 0.130% dearer against StandX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX HYPE-USD93.7830.0100pay 0.0013% / 1h57m 08s$678K$2.5M20x
ShortBingX HYPE-USDT93.8970.0100get 0.0050% / 4h57m 08s$53.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
Price spread: +0.122% → −0.008%
$12.95
Slippage, 4 orders
−$3.57
Fee StandX: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$8.62
Costs to cover
0.216%
Break-even
never at this rate
Slippage from StandX: live order book, 2 min ago; BingX: 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 ago1.28 bp5.3 bp −$55.4 bp −$549.9 bp −$989doesn't fit
Sell BingX live order book, 7 min ago0.16 bp5.2 bp −$55.2 bp −$529.0 bp −$90114.7 bp −$7,359

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−0.0504%1h93.735−0.051%$198K$228K7xas long as short
Aftermath Perps HYPEUSD−0.0486%1h93.638−0.155%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.768−0.016%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.840+0.061%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0002%1h93.800+0.018%$701K$903K10xas long as short
dYdX HYPE-USD0.0000%1h93.912+0.137%$128K$32K5xas long as short
Perpl HYPE0.0000%43m93.882+0.106%$23K$330K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.922+0.148%$28K150xas long as short
Orderly PERP_HYPE_USDC+0.0014%4h93.908+0.133%$176K$526K20xas long as short
Bybit HYPEUSDT+0.0018%8h93.900+0.125%$324.8M$280.7M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0020%4h93.894+0.118%$8.9M$35.8M300xas long as short
Phoenix HYPE+0.0034%1h93.805+0.023%$215K$1.2M10xas long as short
Derive HYPE-PERP+0.0063%1h93.839+0.060%$16.4M$6.9M10xas long as short
Gate HYPE_USDT+0.0064%4h93.887+0.111%$44.5M$57.8M75xas long as short
MEXC HYPE_USDT+0.0066%4h93.905+0.130%$90.7M$80.3M100xas long as short
Binance HYPEUSDT+0.0067%4h93.917+0.143%$385.5M$886.0M75xas long as short
Phemex HYPEUSDT+0.0074%8h93.842+0.063%$12.8M$2.6M50xas long as short
edgeX HYPEUSDC+0.0078%4h93.744−0.041%$5.1M$29.6M30xas long as short
Lighter HYPE+0.0096%1h93.952+0.180%$19.0M$58.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.934+0.161%$3.1M$12.2M20xas long as short
01 Exchange HYPEUSD+0.0096%1h93.900+0.125%$91K$355K20xas long as short
Popdex HYPEUSDT+0.0096%1h93.847+0.068%$63K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.852+0.074%$399K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.845+0.066%$341K$169K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.830+0.050%$29K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.844+0.066%$5.9M$44.1M10xas long as short
Pacifica HYPE+0.0100%1h93.868+0.090%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.905+0.130%$115.0M$314.5M50xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.905+0.130%$47.2M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.898+0.123%$227.6M$102.5M75xas long as short
BingX HYPE-USDTshort+0.0100%4h93.897+0.122%$53.9M
Backpack HYPE_USDC_PERP+0.0100%1h93.926+0.152%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.552−0.246%$30.9M$51.8Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.616−0.178%$7.5M$45.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.759−0.026%$393K$1.0M50xas long as short
StandX HYPE-USDlong+0.0100%1h93.783long leg$678K$2.5M20x
Vest HYPE-PERP+0.0100%1h93.874+0.096%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.911+0.136%$484K$2.5M20xas long as short
Bullet HYPE-USD+0.0100%1h93.888+0.112%$113K$577K20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.903+0.128%$76K$166K20xas long as short
SunX HYPE-USDT+0.0100%4h93.979+0.209%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.904+0.129%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.680−0.110%$205K$7K10xas long as short
Injective HYPE/USDC PERP+0.0104%1h93.750−0.035%$30K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.882+0.105%$18.6M$42.0M50xas long as short
Kalshi KXHYPEPERP+0.0120%8h93.972+0.202%$1.9M$5.1M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.870+0.093%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0221%4h94.082+0.319%$1.5M$7.7M75xas long as short
Reya HYPERUSDPERP+0.0248%1h93.885+0.109%$77K$142K15xas long as short
BloFin HYPE-USDT+0.0266%4h93.898+0.123%$17.0M$12.3M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0272%1h93.995+0.226%$7.4M$4.5M50xas long as short
RISEx HYPE/USDC+0.0284%1h93.894+0.118%$2.7M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0165%1h93.877+0.100%$1.4M100xas long as short
Hyperliquid HYPE+0.0540%1h93.938+0.165%$2.05B$667.5M10xas long as short
Kraken Futures PF_HYPEUSD+0.0577%1h94.020+0.253%$21.0M$29.0M50xas long as short