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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%
Price spread now: GRVT against StandX+0.038%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$200.205% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.004%$0 on $10k
Price spread, last 7 days−0.045%−$4 · spread now +0.038%, 7d avg +0.013%
Together, before fees−0.049%+ Points / potential airdropStandX: Active · GRVT: Active · farm board−$5 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: GRVT is 0.025% dearer against StandX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX HYPE-USD92.8680.0100pay 0.0013% / 1h1m 11s$667K$2.7M20x
ShortGRVT HYPE_USDT_Perp92.9030.0100get 0.0050% / 4h1m 11s$7.5M$46.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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: +0.038% → +0.013%
$2.46
Slippage, 4 orders
−$3.49
Fee StandX: 4 bp × 2 orders
−$8
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$18.04
Costs to cover
0.205%
Break-even
never at this rate
Slippage from StandX: live order book, 3 min ago; GRVT: live order book, 3 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, 3 min ago1.35 bp5.3 bp −$55.6 bp −$5612.0 bp −$1,201doesn't fit
Sell GRVT live order book, 3 min ago0.05 bp5.0 bp −$56.2 bp −$62doesn't fitdoesn'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%1h92.859−0.010%$1.1M$3.9M10xas long as short
Hibachi HYPE/USDT-P−0.0424%1h92.753−0.124%$194K$225K7xas long as short
Aftermath Perps HYPEUSD−0.0277%1h92.822−0.050%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.875+0.008%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0063%4h92.856−0.013%$157K$653K20xas long as short
dYdX HYPE-USD0.0000%1h92.865−0.003%$127K$29K5xas long as short
01 Exchange HYPEUSD0.0000%1h92.919+0.055%$86K$361K20xas long as short
Perpl HYPE0.0000%43m92.890+0.024%$22K$302K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.898+0.032%$62K150xas long as short
Phemex HYPEUSDT+0.0026%8h92.875+0.008%$12.5M$2.7M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet HYPE-USD+0.0031%1h92.850−0.019%$111K$579K20xas long as short
BingX HYPE-USDT+0.0036%4h92.879+0.012%$53.5Mas long as short
Ondo Perps HYPE-USD.P+0.0042%1h92.810−0.062%$698K$1.1M10xas long as short
Phoenix HYPE+0.0043%1h92.755−0.122%$210K$1.2M10xas long as short
Bybit HYPEUSDT+0.0045%8h92.880+0.013%$316.8M$281.2M75xas long as short
Aster HYPEUSDT+0.0068%4h92.888+0.021%$8.7M$36.1M300xas long as short
Bitget HYPEUSDT+0.0088%4h92.890+0.024%$224.8M$98.7M75xas long as short
Paradex HYPE-USD-PERP+0.0095%8h92.901+0.036%$339K$163K20xas long as short
edgeX HYPEUSDC+0.0095%4h92.845−0.025%$4.9M$29.6M30xas long as short
Lighter HYPE+0.0096%1h92.902+0.037%$16.1M$62.8M20xas long as short
Lighter RH HYPE+0.0096%1h92.902+0.037%$3.1M$11.8M20xas long as short
Popdex HYPEUSDT+0.0096%1h92.903+0.038%$69K$1.1M50xas long as short
OKX HYPE-USDT-SWAP+0.0098%8h92.901+0.036%$113.9M$303.7M50xas long as short
Katana Perps HYPE-USD+0.0099%8h92.880+0.013%$38K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h92.864−0.004%$7.4M$45.7M10xas long as short
Hyperliquid HYPE+0.0100%1h92.914+0.050%$2.02B$663.3M10xas long as short
Pacifica HYPE+0.0100%1h92.910+0.046%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h92.897+0.031%$373.2M$901.9M75xas long as short
Bulk HYPE-USD+0.0100%1h92.800−0.073%$202K$13K10xas long as short
Gate HYPE_USDT+0.0100%4h92.886+0.019%$44.5M$55.5M75xas long as short
MEXC HYPE_USDT+0.0100%4h92.905+0.040%$88.2M$81.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.884+0.017%$46.1M$18.4M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.893+0.027%$7.3M$11.3M20xas long as short
Variational Omni HYPE+0.0100%8h92.859−0.010%$28.5M$57.4Mas long as short
GRVT HYPE_USDT_Perpshort+0.0100%4h92.903+0.038%$7.5M$46.3M10x
ApeX Omni HYPEUSDT+0.0100%1h92.856−0.013%$350K$1.0M50xas long as short
StandX HYPE-USDlong+0.0100%1h92.868long leg$667K$2.7M20x
Vest HYPE-PERP+0.0100%1h92.919+0.055%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.916+0.052%$469K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.871+0.003%$79K$168K20xas long as short
Derive HYPE-PERP+0.0100%1h92.842−0.028%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h92.882+0.015%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.893+0.027%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h93.016+0.159%$1.4M$6.3M75xas long as short
Extended HYPE-USD+0.0104%1h92.854−0.015%$18.1M$43.5M50xas long as short
Aevo HYPE-PERP+0.0104%1h92.863−0.006%$393K$164K20xas long as short
Injective HYPE/USDC PERP+0.0150%1h92.960+0.099%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0160%1h92.950+0.088%$4.7M$5.5M50xas long as short
Kalshi KXHYPEPERP+0.0225%8h92.939+0.076%$1.8M$5.4M2.3xas long as short
Reya HYPERUSDPERP+0.0263%1h92.874+0.006%$79K$131K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0310%1h92.965+0.104%$7.5M$4.5M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h92.867−0.002%$1.4M100xas long as short
Kraken Futures PF_HYPEUSD+0.0331%1h92.937+0.074%$20.6M$30.4M50xas long as short
BloFin HYPE-USDT+0.0340%4h92.879+0.012%$16.8M$11.6M75xas long as short
RISEx HYPE/USDC+0.0687%1h92.962+0.102%$3.2M$6.4M20xas long as short