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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0180%/8h= −19.7% APRnext payment $0.23 per $10,000 · paid last 24h −0.053%
Price spread now: Hotstuff against StandX−0.162%7-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 · Hotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.162% cheaper against StandX than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX HYPE-USD93.7520.0100pay 0.0013% / 1h30m 13s$678K$2.5M20x
ShortHotstuff HYPE-PERP93.600−0.0080pay 0.0010% / 1h30m 13s$3K$33125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff 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
−$37.8
Price spread: −0.162% → 0.000%
−$16.21
Slippage, 4 orders
no order book: not counted
Fee StandX: 4 bp × 2 orders
−$8
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$67.01
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: StandX: live order book, 4 min ago; Hotstuff: 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, 4 min ago1.33 bp5.3 bp −$55.5 bp −$5517.6 bp −$1,760doesn't fit
Sell Hotstuff no order-book sample
Hotstuff: 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−0.0808%1h93.632−0.128%$198K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0353%1h93.847+0.101%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.532−0.235%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERPshort−0.0080%1h93.600−0.162%$3K$33125x
Ondo Perps HYPE-USD.P−0.0060%1h93.570−0.194%$703K$910K10xas long as short
01 Exchange HYPEUSD−0.0032%1h93.619−0.142%$87K$365K20xas long as short
Derive HYPE-PERP−0.0017%1h93.575−0.189%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.583−0.181%$127K$30K5xas long as short
Perpl HYPE0.0000%43m93.642−0.117%$23K$329K10xas long as short
Orderly PERP_HYPE_USDC+0.0002%4h93.628−0.132%$166K$583K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.670−0.087%$26K150xas long as short
Phoenix HYPE+0.0009%1h93.755+0.003%$215K$1.2M10xas long as short
Aster HYPEUSDT+0.0015%4h93.627−0.133%$8.9M$36.0M300xas long as short
Bybit HYPEUSDT+0.0019%8h93.611−0.150%$321.6M$283.4M75xas long as short
Binance HYPEUSDT+0.0057%4h93.634−0.126%$383.1M$895.2M75xas long as short
MEXC HYPE_USDT+0.0058%4h93.657−0.101%$87.3M$81.7M100xas long as short
Phemex HYPEUSDT+0.0072%8h93.665−0.093%$12.8M$2.6M50xas long as short
edgeX HYPEUSDC+0.0080%4h93.817+0.069%$5.1M$29.9M30xas long as short
Gate HYPE_USDT+0.0082%4h93.623−0.138%$44.5M$59.1M75xas long as short
Lighter HYPE+0.0096%1h93.676−0.081%$18.8M$60.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.644−0.115%$3.0M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.641−0.118%$63K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.646−0.114%$398K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.621−0.139%$340K$171K20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.600−0.162%$43K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.569−0.195%$5.7M$44.4M10xas long as short
Pacifica HYPE+0.0100%1h93.618−0.143%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.624−0.137%$115.3M$320.1M50xas long as short
Bulk HYPE-USD+0.0100%1h93.625−0.136%$204K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.639−0.121%$46.5M$18.5M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.648−0.111%$226.8M$102.7M75xas long as short
BingX HYPE-USDT+0.0100%4h93.645−0.114%$54.1Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.607−0.155%$7.8M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.564−0.200%$31.2M$53.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.786+0.036%$7.6M$45.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.819+0.071%$341K$1.1M50xas long as short
StandX HYPE-USDlong+0.0100%1h93.752long leg$678K$2.5M20x
Vest HYPE-PERP+0.0100%1h93.665−0.093%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.664−0.094%$490K$2.5M20xas long as short
Bullet HYPE-USD+0.0100%1h93.617−0.143%$111K$578K20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.627−0.133%$76K$170K20xas long as short
SunX HYPE-USDT+0.0100%4h93.654−0.105%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.624−0.137%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.702%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.620−0.141%$18.3M$42.8M50xas long as short
Kalshi KXHYPEPERP+0.0130%8h93.708−0.047%$1.9M$5.0M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.690−0.066%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0217%4h93.768+0.017%$1.5M$7.8M75xas long as short
BloFin HYPE-USDT+0.0237%4h93.601−0.161%$17.0M$12.6M75xas long as short
Reya HYPERUSDPERP+0.0249%1h93.643−0.117%$77K$142K15xas long as short
RISEx HYPE/USDC+0.0284%1h93.676−0.081%$2.8M$6.9M20xas long as short
Hyperliquid HYPE+0.0287%1h93.689−0.067%$2.03B$676.0M10xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0337% / S −0.0163%1h93.664−0.094%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0412%1h93.743−0.010%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0579%1h93.707−0.048%$20.9M$29.4M50xas long as short