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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%
Price spread now: KuCoin against StandX+0.059%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$310.307% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.011%−$1 on $10k
Price spread, last 7 days−0.035%−$3 · spread now +0.059%, 7d avg +0.001%
Together, before fees−0.046%+ Points / potential airdropStandX: 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: KuCoin is 0.058% dearer against StandX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.001%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX HYPE-USD92.9670.0100pay 0.0013% / 1h52m 33s$668K$2.8M20x
ShortKuCoin HYPEUSDTM93.0220.0100get 0.0050% / 4h3h 52m$46.2M$18.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: +0.059% → +0.001%
$5.78
Slippage, 4 orders
−$10.65
Fee StandX: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$24.87
Costs to cover
0.307%
Break-even
never at this rate
Slippage from StandX: live order book, 1 min ago; KuCoin: live order book, 6 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, 1 min ago1.34 bp5.3 bp −$55.4 bp −$5412.7 bp −$1,271doesn't fit
Sell KuCoin live order book, 6 min ago0.43 bp9.9 bp −$1016.1 bp −$161doesn'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
Hibachi HYPE/USDT-P−0.0592%1h92.832−0.145%$194K$229K7xas long as short
Aftermath Perps HYPEUSD−0.0268%1h92.881−0.093%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h92.978+0.012%$1.1M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.986+0.020%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0063%4h92.951−0.017%$158K$658K20xas long as short
dYdX HYPE-USD0.0000%1h93.023+0.060%$128K$29K5xas long as short
Kalshi KXHYPEPERP0.0000%8h92.955−0.013%$1.8M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.022+0.059%$22K$301K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.036+0.074%$62K150xas long as short
Gate HYPE_USDT+0.0012%4h93.011+0.047%$44.6M$53.6M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix HYPE+0.0026%1h92.888−0.085%$210K$1.2M10xas long as short
Phemex HYPEUSDT+0.0034%8h92.978+0.012%$12.6M$2.7M50xas long as short
Bybit HYPEUSDT+0.0037%8h93.000+0.035%$316.4M$282.2M75xas long as short
01 Exchange HYPEUSD+0.0064%1h93.044+0.083%$87K$362K20xas long as short
Ondo Perps HYPE-USD.P+0.0070%1h92.920−0.051%$697K$1.1M10xas long as short
Bullet HYPE-USD+0.0079%1h93.023+0.061%$112K$578K20xas long as short
Bitget HYPEUSDT+0.0080%4h93.015+0.052%$225.3M$99.0M75xas long as short
edgeX HYPEUSDC+0.0081%4h92.806−0.173%$4.9M$29.6M30xas long as short
Aster HYPEUSDT+0.0082%4h93.000+0.035%$8.7M$36.2M300xas long as short
Lighter HYPE+0.0096%1h92.990+0.025%$16.1M$62.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.028+0.066%$3.1M$11.6M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.009+0.045%$70K$1.1M50xas long as short
Paradex HYPE-USD-PERP+0.0096%8h93.031+0.069%$339K$163K20xas long as short
OKX HYPE-USDT-SWAP+0.0099%8h93.023+0.060%$114.0M$304.9M50xas long as short
Katana Perps HYPE-USD+0.0099%8h92.990+0.025%$39K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h92.975+0.008%$7.5M$45.8M10xas long as short
Hyperliquid HYPE+0.0100%1h93.072+0.113%$2.03B$664.8M10xas long as short
Pacifica HYPE+0.0100%1h93.041+0.080%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h93.015+0.052%$374.1M$903.9M75xas long as short
Bulk HYPE-USD+0.0100%1h92.942−0.027%$202K$13K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.019+0.056%$87.9M$79.9M100xas long as short
KuCoin HYPEUSDTMshort+0.0100%4h93.022+0.059%$46.2M$18.4M75x
BingX HYPE-USDT+0.0100%4h93.013+0.049%$53.8Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.015+0.052%$7.3M$11.3M20xas long as short
Variational Omni HYPE+0.0100%8h92.709−0.278%$28.4M$57.4Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.766−0.216%$7.5M$46.3M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.797−0.183%$350K$1.0M50xas long as short
StandX HYPE-USDlong+0.0100%1h92.967long leg$668K$2.8M20x
Vest HYPE-PERP+0.0100%1h93.058+0.097%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.053+0.093%$469K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.998+0.033%$79K$168K20xas long as short
Derive HYPE-PERP+0.0100%1h92.972+0.006%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h92.999+0.034%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.006+0.042%$2.0M$2.0M10xas long as short
Extended HYPE-USD+0.0104%1h92.989+0.024%$18.1M$43.5M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.002+0.037%$393K$164K20xas long as short
HTX HYPE-USDT+0.0108%4h93.100+0.143%$1.4M$6.3M75xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.020+0.057%$4.7M$5.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0197%1h93.085+0.127%$20.7M$30.5M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h92.750−0.233%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0264%1h93.017+0.053%$79K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h93.029+0.067%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h92.994+0.029%$16.8M$11.7M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0459%1h93.091+0.133%$7.5M$4.5M50xas long as short
RISEx HYPE/USDC+0.0598%1h93.074+0.115%$3.2M$6.4M20xas long as short