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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0116%/8h= −12.7% APRnext payment $0.15 per $10,000 · paid last 24h −0.023%
Price spread now: 01 Exchange against StandX+0.058%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$270.267% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.030%−$3 on $10k
Price spread, last 4 days (all we have)+0.393%+$39 · spread now +0.058%, 7d avg +0.031%
Together, before fees+0.363%+ Points / potential airdropStandX: Active · farm board+$36 on $10k · with fees, hour by hour
The price spread pays, funding is against you. 01 Exchange is 0.027% dearer against StandX than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of +0.031%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 3 days (−0.030% in total) that is about 3.0 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX HYPE-USD93.0470.0100pay 0.0013% / 1h34m 58s$673K$2.5M20x
Short01 Exchange HYPEUSD93.101−0.0016pay 0.0002% / 1h34m 58s$90K$362K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$24.36
Price spread: +0.058% → +0.031%
$2.73
Slippage, 4 orders
−$11.72
Fee StandX: 4 bp × 2 orders
−$8
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$48.35
Costs to cover
0.267%
Break-even
never at this rate
Slippage from StandX: live order book, 4 min ago; 01 Exchange: live order book, 49 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, 4 min ago2.79 bp7.5 bp −$89.4 bp −$9413.7 bp −$1,366doesn't fit
Sell 01 Exchange live order book, 49 min ago0.05 bp6.1 bp −$610.1 bp −$101doesn'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
Aftermath Perps HYPEUSD−0.0375%1h93.139+0.099%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0192%1h93.147+0.108%$197K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.060+0.014%$1.2M$4.0M10xas long as short
Ondo Perps HYPE-USD.P−0.0107%1h93.070+0.025%$698K$923K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.118+0.076%$3K$33125xas long as short
01 Exchange HYPEUSDshort−0.0016%1h93.101+0.058%$90K$362K20x
Popdex HYPEUSDT−0.0008%1h93.106+0.063%$57K$1.2M50xas long as short
Aster HYPEUSDT−0.0001%4h93.109+0.067%$8.8M$36.0M300xas long as short
dYdX HYPE-USD0.0000%1h93.036−0.011%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.124+0.083%$23K$331K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.175+0.138%$20K150xas long as short
Bybit HYPEUSDT+0.0026%8h93.100+0.057%$323.1M$286.9M75xas long as short
Orderly PERP_HYPE_USDC+0.0031%4h93.136+0.096%$172K$520K20xas long as short
Bullet HYPE-USD+0.0031%1h93.119+0.078%$111K$579K20xas long as short
Derive HYPE-PERP+0.0031%1h93.113+0.070%$16.3M$7.1M10xas long as short
Phoenix HYPE+0.0034%1h93.106+0.063%$214K$1.2M10xas long as short
Gate HYPE_USDT+0.0042%4h93.138+0.098%$43.9M$58.0M75xas long as short
Binance HYPEUSDT+0.0083%4h93.165+0.127%$382.8M$893.5M75xas long as short
MEXC HYPE_USDT+0.0088%4h93.151+0.112%$89.9M$81.8M100xas long as short
Lighter HYPE+0.0096%1h93.199+0.163%$18.5M$58.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.173+0.135%$3.1M$12.1M20xas long as short
Paradex HYPE-USD-PERP+0.0098%8h93.065+0.019%$338K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.140+0.100%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.106+0.063%$5.9M$44.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.176+0.139%$2.02B$670.4M10xas long as short
Pacifica HYPE+0.0100%1h93.111+0.069%$10.0M$14.3M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.090+0.046%$113.8M$313.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.390+0.369%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.160+0.121%$47.2M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.110+0.068%$225.7M$102.9M75xas long as short
BingX HYPE-USDT+0.0100%4h93.147+0.107%$53.9Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.173+0.135%$7.8M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h93.034−0.014%$29.0M$50.5Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.137+0.097%$7.5M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.246+0.214%$412K$1.0M50xas long as short
StandX HYPE-USDlong+0.0100%1h93.047long leg$673K$2.5M20x
Vest HYPE-PERP+0.0100%1h93.145+0.105%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.147+0.107%$492K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.162+0.124%$75K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.174+0.136%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.135+0.095%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.160+0.121%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.080+0.035%$18.2M$42.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.134+0.093%$396K$318K20xas long as short
Kalshi KXHYPEPERP+0.0105%8h93.240+0.207%$1.9M$5.3M2.3xas long as short
edgeX HYPEUSDC+0.0110%4h93.120+0.078%$5.1M$29.6M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.150+0.111%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h92.970−0.083%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0247%1h93.141+0.101%$78K$158K15xas long as short
HTX HYPE-USDT+0.0256%4h93.300+0.272%$1.5M$7.7M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.159+0.121%$2.8M$6.8M20xas long as short
BloFin HYPE-USDT+0.0323%4h93.167+0.129%$16.9M$12.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0158%1h93.168+0.130%$1.5M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0437%1h93.252+0.220%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0466%1h93.257+0.226%$20.8M$28.9M50xas long as short