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 +0.003%
Price spread now: Extended against StandX−0.010%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$190.193% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.016%+$2 on $10k
Price spread, last 7 days+0.027%+$3 · spread now −0.010%, 7d avg −0.030%
Together, before fees+0.044%+ Points / potential airdropStandX: Active · Extended: Active · farm board+$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX HYPE-USD92.8670.0100pay 0.0013% / 1h2m 14s$667K$2.7M20x
ShortExtended HYPE-USD92.8580.0104get 0.0013% / 1h2m 14s$18.1M$43.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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: −0.010% → −0.030%
$1.96
Slippage, 4 orders
−$6.26
Fee StandX: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$16.45
Costs to cover
0.193%
Break-even
144.1 days
Slippage from StandX: live order book, 2 min ago; Extended: live order book, 2 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 ago1.35 bp5.3 bp −$55.6 bp −$5612.0 bp −$1,201doesn't fit
Sell Extended live order book, 2 min ago0.05 bp2.6 bp −$32.7 bp −$2724.5 bp −$2,452doesn'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%1h92.815−0.056%$1.1M$3.9M10xas long as short
Hibachi HYPE/USDT-P−0.0408%1h92.738−0.139%$194K$225K7xas long as short
Aftermath Perps HYPEUSD−0.0271%1h92.811−0.060%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.878+0.012%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0064%4h92.852−0.016%$157K$653K20xas long as short
dYdX HYPE-USD0.0000%1h92.865−0.002%$127K$29K5xas long as short
01 Exchange HYPEUSD0.0000%1h92.871+0.004%$86K$361K20xas long as short
Perpl HYPE0.0000%43m92.859−0.008%$22K$302K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.880+0.014%$62K150xas long as short
Phemex HYPEUSDT+0.0025%8h92.865−0.002%$12.5M$2.7M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet HYPE-USD+0.0029%1h92.837−0.032%$111K$579K20xas long as short
BingX HYPE-USDT+0.0036%4h92.869+0.002%$53.5Mas long as short
Ondo Perps HYPE-USD.P+0.0038%1h92.800−0.072%$697K$1.1M10xas long as short
Phoenix HYPE+0.0043%1h92.755−0.121%$210K$1.2M10xas long as short
Bybit HYPEUSDT+0.0045%8h92.858−0.010%$316.7M$281.2M75xas long as short
Aster HYPEUSDT+0.0066%4h92.876+0.010%$8.7M$36.1M300xas long as short
Bitget HYPEUSDT+0.0088%4h92.873+0.006%$224.8M$98.7M75xas long as short
edgeX HYPEUSDC+0.0094%4h92.749−0.127%$4.9M$29.6M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h92.887+0.021%$339K$163K20xas long as short
Lighter HYPE+0.0096%1h92.882+0.016%$16.1M$62.8M20xas long as short
Lighter RH HYPE+0.0096%1h92.886+0.020%$3.1M$11.8M20xas long as short
Popdex HYPEUSDT+0.0096%1h92.859−0.009%$69K$1.1M50xas long as short
OKX HYPE-USDT-SWAP+0.0097%8h92.857−0.011%$113.9M$303.6M50xas long as short
Katana Perps HYPE-USD+0.0099%8h92.850−0.018%$38K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h92.856−0.012%$7.5M$45.7M10xas long as short
Hyperliquid HYPE+0.0100%1h92.904+0.040%$2.02B$663.2M10xas long as short
Pacifica HYPE+0.0100%1h92.891+0.026%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h92.877+0.010%$373.2M$901.8M75xas long as short
Bulk HYPE-USD+0.0100%1h92.800−0.072%$202K$13K10xas long as short
Gate HYPE_USDT+0.0100%4h92.862−0.005%$44.5M$55.4M75xas long as short
MEXC HYPE_USDT+0.0100%4h92.876+0.010%$88.2M$81.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.875+0.009%$46.1M$18.4M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.877+0.011%$7.3M$11.3M20xas long as short
Variational Omni HYPE+0.0100%8h92.689−0.192%$28.5M$57.4Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.776−0.098%$7.5M$46.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.773−0.101%$350K$1.0M50xas long as short
StandX HYPE-USDlong+0.0100%1h92.867long leg$667K$2.7M20x
Vest HYPE-PERP+0.0100%1h92.900+0.036%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.902+0.038%$468K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.8670.000%$79K$168K20xas long as short
Derive HYPE-PERP+0.0100%1h92.838−0.031%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h92.839−0.030%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.882+0.016%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h93.000+0.143%$1.4M$6.3M75xas long as short
Extended HYPE-USDshort+0.0104%1h92.858−0.010%$18.1M$43.5M50x
Aevo HYPE-PERP+0.0104%1h92.850−0.018%$393K$164K20xas long as short
Injective HYPE/USDC PERP+0.0150%1h92.960+0.100%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0160%1h92.920+0.057%$4.7M$5.5M50xas long as short
Kalshi KXHYPEPERP+0.0226%8h92.925+0.062%$1.8M$5.4M2.3xas long as short
Reya HYPERUSDPERP+0.0263%1h92.875+0.008%$79K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h92.857−0.011%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0331%1h92.962+0.102%$7.5M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0331%1h92.933+0.072%$20.6M$30.4M50xas long as short
BloFin HYPE-USDT+0.0340%4h92.869+0.002%$16.8M$11.6M75xas long as short
RISEx HYPE/USDC+0.0687%1h92.915+0.052%$3.2M$6.4M20xas long as short