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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0237%/8h= +25.9% APRpaid last 24h +0.060%
Price spread now: BloFin against StandX−0.056%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs+$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$320.318% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.454%+$45 on $10k
Price spread, last 4 days (all we have)−0.447%−$45 · spread now −0.056%, 7d avg +0.006%
Together, before fees+0.007%+ Points / potential airdropStandX: Active · farm board+$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.062% cheaper against StandX than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of +0.006%). If the spread goes back, that is −$6 on $10k: about 21 hours of funding at the current rate (+$7 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX HYPE-USD93.3230.0100pay 0.0013% / 1h38m 38s$666K$2.6M20x
ShortBloFin HYPE-USDT93.2710.0337get 0.0168% / 4h1h 38m$16.9M$11.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$49.67
Price spread: −0.056% → +0.006%
−$6.16
Slippage, 4 orders
−$11.77
Fee StandX: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
$11.74
Costs to cover
0.318%
Break-even
5.3 days
Slippage from StandX: live order book, just now; BloFin: live order book, 5 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, just now2.79 bp7.0 bp −$77.7 bp −$7713.3 bp −$1,331doesn't fit
Sell BloFin live order book, 5 min ago0.37 bp6.7 bp −$79.0 bp −$9014.1 bp −$1,415doesn'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−0.1280%1h93.334+0.012%$196K$226K7xas long as short
Arcus HYPE-USD−0.0899%1h93.216−0.115%$1.2M$3.8M10xas long as short
Bluefin HYPE-PERP−0.0185%1h93.253−0.075%$79K$170K20xas long as short
Ondo Perps HYPE-USD.P−0.0086%1h93.170−0.164%$700K$980K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.335+0.013%$3K$33125xas long as short
Phemex HYPEUSDT−0.0059%8h93.302−0.023%$12.6M$2.7M50xas long as short
01 Exchange HYPEUSD−0.0056%1h93.272−0.055%$85K$345K20xas long as short
Orderly PERP_HYPE_USDC−0.0046%4h93.270−0.057%$155K$633K20xas long as short
Aftermath Perps HYPEUSD−0.0040%1h93.403+0.085%$22K$21K10xas long as short
dYdX HYPE-USD0.0000%1h93.361+0.040%$128K$31K5xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.299−0.026%$23K$322K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.299−0.026%$62K150xas long as short
Bullet HYPE-USD+0.0009%1h93.276−0.050%$111K$578K20xas long as short
Aster HYPEUSDT+0.0017%4h93.298−0.027%$8.8M$35.5M300xas long as short
Phoenix HYPE+0.0026%1h93.398+0.080%$213K$1.2M10xas long as short
BingX HYPE-USDT+0.0026%4h93.334+0.012%$53.0Mas long as short
Bybit HYPEUSDT+0.0032%8h93.280−0.046%$321.3M$277.2M75xas long as short
Gate HYPE_USDT+0.0050%4h93.330+0.008%$44.5M$54.8M75xas long as short
OKX HYPE-USDT-SWAP+0.0077%8h93.277−0.049%$114.1M$301.8M50xas long as short
Lighter HYPE+0.0096%1h93.363+0.043%$16.3M$61.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.360+0.040%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.300−0.025%$69K$1.2M50xas long as short
MEXC HYPE_USDT+0.0096%4h93.334+0.012%$89.8M$80.7M100xas long as short
Binance HYPEUSDT+0.0097%4h93.287−0.039%$378.6M$876.5M75xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.367+0.047%$339K$162K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.300−0.025%$17K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.352+0.031%$5.8M$43.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.408+0.091%$2.04B$653.2M10xas long as short
Pacifica HYPE+0.0100%1h93.366+0.046%$10.0M$14.6M20xas long as short
Bulk HYPE-USD+0.0100%1h93.580+0.275%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.372+0.053%$45.9M$18.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.328+0.005%$225.7M$96.7M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.270−0.057%$7.4M$10.3M20xas long as short
Variational Omni HYPE+0.0100%8h93.317−0.007%$31.1M$53.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.553+0.246%$7.6M$45.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.487+0.176%$340K$999K50xas long as short
StandX HYPE-USDlong+0.0100%1h93.323long leg$666K$2.6M20x
Vest HYPE-PERP+0.0100%1h93.362+0.042%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.317−0.006%$471K$2.5M20xas long as short
Derive HYPE-PERP+0.0100%1h93.266−0.061%$16.2M$7.6M10xas long as short
SunX HYPE-USDT+0.0100%4h93.358+0.038%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.261−0.066%$2.0M$1.9M10xas long as short
Extended HYPE-USD+0.0104%1h93.301−0.024%$18.4M$43.6M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.269−0.058%$397K$162K20xas long as short
edgeX HYPEUSDC+0.0108%4h93.349+0.028%$5.1M$29.6M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.350+0.029%$4.9M$5.4M50xas long as short
HTX HYPE-USDT+0.0197%4h93.450+0.136%$1.4M$6.0M75xas long as short
Reya HYPERUSDPERP+0.0257%1h93.278−0.048%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0278%8h93.362+0.042%$1.9M$5.1M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0318%1h93.368+0.048%$7.4M$4.4M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h93.306−0.018%$1.4M100xas long as short
BloFin HYPE-USDTshort+0.0337%4h93.271−0.056%$16.9M$11.6M75x
RISEx HYPE/USDC+0.0510%1h93.414+0.098%$3.2M$6.4M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.220−0.110%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0686%1h93.3230.000%$20.7M$30.1M50xas long as short