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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Pacifica against StandX+0.045%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$200.203% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.100%−$10 on $10k
Price spread, last 7 days−0.025%−$3 · spread now +0.045%, 7d avg −0.001%
Together, before fees−0.126%+ Points / potential airdropStandX: Active · Pacifica: Active · farm board−$13 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: Pacifica is 0.046% dearer against StandX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.001%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX HYPE-USD93.3010.0100pay 0.0013% / 1h52m 26s$675K$2.4M20x
ShortPacifica HYPE93.3430.0100get 0.0013% / 1h52m 26s$10.0M$14.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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: +0.045% → −0.001%
$4.6
Slippage, 4 orders
−$4.28
Fee StandX: 4 bp × 2 orders
−$8
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$15.67
Costs to cover
0.203%
Break-even
never at this rate
Slippage from StandX: live order book, 1 min ago; Pacifica: 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, 1 min ago1.82 bp5.8 bp −$65.8 bp −$5812.0 bp −$1,199doesn't fit
Sell Pacifica live order book, 2 min ago0.05 bp4.2 bp −$4doesn't fitdoesn'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−0.1304%1h93.259−0.046%$197K$233K7xas long as short
Ondo Perps HYPE-USD.P−0.0145%1h93.210−0.098%$699K$948K10xas long as short
Aftermath Perps HYPEUSD−0.0116%1h93.299−0.002%$22K$22K10xas long as short
01 Exchange HYPEUSD−0.0096%1h93.324+0.025%$89K$342K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.293−0.009%$3K$33125xas long as short
Bullet HYPE-USD−0.0005%1h93.311+0.010%$112K$583K20xas long as short
dYdX HYPE-USD0.0000%1h93.326+0.026%$127K$33K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.297−0.004%$1.9M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.342+0.044%$23K$343K10xas long as short
Aster HYPEUSDT+0.0001%4h93.313+0.013%$8.9M$36.3M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.371+0.075%$20K150xas long as short
Gate HYPE_USDT+0.0016%4h93.331+0.032%$44.1M$56.2M75xas long as short
Derive HYPE-PERP+0.0029%1h93.249−0.056%$16.4M$7.1M10xas long as short
Bybit HYPEUSDT+0.0042%8h93.331+0.032%$325.4M$288.3M75xas long as short
Phoenix HYPE+0.0068%1h93.336+0.038%$215K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0077%4h93.348+0.050%$180K$536K20xas long as short
Lighter HYPE+0.0096%1h93.374+0.078%$18.5M$59.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.339+0.041%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.308+0.008%$56K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.320+0.020%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.305+0.005%$6.0M$44.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.369+0.073%$2.03B$668.4M10xas long as short
Pacifica HYPEshort+0.0100%1h93.343+0.045%$10.0M$14.5M20x
Binance HYPEUSDT+0.0100%4h93.335+0.036%$386.0M$890.1M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.335+0.036%$114.7M$316.2M50xas long as short
Arcus HYPE-USD+0.0100%1h93.294−0.008%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.386+0.091%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.328+0.029%$92.2M$81.5M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.335+0.036%$46.3M$19.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.336+0.038%$226.7M$102.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.334+0.035%$54.4Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.355+0.058%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.285−0.018%$28.8M$49.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.383+0.088%$7.5M$46.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.338+0.040%$405K$1.1M50xas long as short
StandX HYPE-USDlong+0.0100%1h93.301long leg$675K$2.4M20x
Vest HYPE-PERP+0.0100%1h93.349+0.051%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.357+0.060%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.341+0.043%$76K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h93.327+0.028%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.283−0.019%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.292−0.010%$12.7M$2.6M50xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.339+0.040%$339K$171K20xas long as short
edgeX HYPEUSDC+0.0101%4h93.326+0.027%$5.1M$29.4M30xas long as short
Extended HYPE-USD+0.0104%1h93.302+0.001%$18.4M$41.0M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.364+0.067%$397K$318K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.370+0.074%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.339+0.041%$77K$157K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.130−0.183%$30K$231K12xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.368+0.072%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.281−0.021%$17.1M$12.5M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0393%1h93.399+0.105%$7.4M$4.6M50xas long as short
HTX HYPE-USDT+0.0412%4h93.451+0.161%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.367+0.070%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.430+0.138%$19.2M$25.8M50xas long as short