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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Katana Perps against StandX−0.017%7-day average −0.047% · 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 4 days (all we have)−0.022%−$2 on $10k
Price spread, last 7 days+0.026%+$3 · spread now −0.017%, 7d avg −0.047%
Together, before fees+0.004%+ Points / potential airdropStandX: Active · farm board$0 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: Katana Perps is 0.030% dearer against StandX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.047%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX HYPE-USD93.0660.0100pay 0.0013% / 1h34m 02s$673K$2.5M20x
ShortKatana Perps HYPE-USD93.0500.0100get 0.0100% / 8h1h 34m$40K$1.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps 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
−$0.04
Price spread: −0.017% → −0.047%
$2.95
Slippage, 4 orders
no order book: not counted
Fee StandX: 4 bp × 2 orders
−$8
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$8.89
Costs to cover
0.118%
Break-even
never at this rate
Slippage unknown: StandX: live order book, 5 min ago; Katana Perps: 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, 5 min ago2.79 bp7.5 bp −$89.4 bp −$9413.7 bp −$1,366doesn't fit
Sell Katana Perps no order-book sample
Katana Perps: 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
Aftermath Perps HYPEUSD−0.0377%1h93.138+0.078%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0208%1h93.124+0.062%$197K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.024−0.045%$1.2M$4.0M10xas long as short
Ondo Perps HYPE-USD.P−0.0111%1h93.070+0.004%$698K$923K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.137+0.076%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0024%1h93.061−0.005%$90K$362K20xas long as short
Popdex HYPEUSDT−0.0016%1h93.044−0.024%$57K$1.2M50xas long as short
dYdX HYPE-USD0.0000%1h93.124+0.062%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.064−0.002%$23K$331K10xas long as short
Aster HYPEUSDT+0.0001%4h93.099+0.035%$8.8M$36.0M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.114+0.051%$20K150xas long as short
Bullet HYPE-USD+0.0024%1h93.029−0.040%$111K$579K20xas long as short
Bybit HYPEUSDT+0.0026%8h93.085+0.020%$323.3M$287.1M75xas long as short
Orderly PERP_HYPE_USDC+0.0029%4h93.104+0.041%$172K$519K20xas long as short
Derive HYPE-PERP+0.0031%1h93.064−0.002%$16.3M$7.1M10xas long as short
Phoenix HYPE+0.0034%1h93.106+0.043%$214K$1.2M10xas long as short
Gate HYPE_USDT+0.0038%4h93.093+0.029%$43.9M$58.1M75xas long as short
Binance HYPEUSDT+0.0080%4h93.124+0.062%$382.6M$894.1M75xas long as short
MEXC HYPE_USDT+0.0082%4h93.141+0.081%$90.0M$81.8M100xas long as short
Lighter HYPE+0.0096%1h93.157+0.098%$18.5M$58.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.133+0.072%$3.1M$12.1M20xas long as short
Paradex HYPE-USD-PERP+0.0098%8h93.107+0.044%$338K$170K20xas long as short
Katana Perps HYPE-USDshort+0.0100%8h93.050−0.017%$40K$1.6M10x
Nado HYPE-PERP+0.0100%1h93.043−0.025%$5.9M$44.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.123+0.061%$2.02B$670.6M10xas long as short
Pacifica HYPE+0.0100%1h93.117+0.055%$10.0M$14.3M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.108+0.045%$113.8M$313.8M50xas long as short
Bulk HYPE-USD+0.0100%1h93.390+0.348%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.120+0.058%$47.2M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.130+0.069%$225.7M$103.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.136+0.075%$53.9Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.122+0.060%$7.8M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h93.034−0.034%$29.0M$50.5Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.137+0.076%$7.5M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.246+0.193%$412K$1.0M50xas long as short
StandX HYPE-USDlong+0.0100%1h93.066long leg$673K$2.5M20x
Polymarket Perps HYPE-USD+0.0100%1h93.064−0.002%$492K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.101+0.038%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.071+0.005%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.105+0.042%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.100+0.037%$12.7M$2.6M50xas long as short
Vest HYPE-PERP+0.0100%1h93.094+0.030%$454K5xas long as short
Extended HYPE-USD+0.0104%1h93.120+0.058%$18.2M$42.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.111+0.048%$396K$318K20xas long as short
Kalshi KXHYPEPERP+0.0105%8h93.188+0.131%$1.9M$5.3M2.3xas long as short
edgeX HYPEUSDC+0.0110%4h93.120+0.058%$5.1M$29.6M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.180+0.122%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h92.970−0.103%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0247%1h93.014−0.056%$77K$158K15xas long as short
HTX HYPE-USDT+0.0251%4h93.243+0.190%$1.5M$7.7M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.103+0.040%$2.8M$6.8M20xas long as short
BloFin HYPE-USDT+0.0323%4h93.167+0.109%$16.9M$12.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0158%1h93.101+0.037%$1.5M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0373%1h93.209+0.154%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0466%1h93.218+0.164%$20.8M$28.9M50xas long as short