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−0.0004%/8h= −0.5% APRnext payment $0.02 per $10,000 · paid last 24h −0.007%
Price spread now: Binance against SunX−0.152%46s7-day average −0.054% · 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 7 days−0.022%−$2 on $10k
Price spread, last 3 days (all we have)+0.152%+$15 · spread now −0.152%, 7d avg −0.054%
Together, before fees+0.130%+$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: Binance is 0.098% cheaper against SunX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.054%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX HYPE-USDT93.4290.0100pay 0.0050% / 4h1h 40m$32K$1.6M20x
ShortBinance HYPEUSDT93.2870.0096get 0.0048% / 4h1h 40m$383.5M$892.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against SunX. 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
−$0.87
Price spread: −0.152% → −0.054%
−$9.76
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$28.63
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 5 min ago; Binance: live order book, 3 min ago. 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 SunX live order book, 5 min ago255.49 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 3 min ago0.05 bp5.1 bp −$57.4 bp −$7416.8 bp −$1,68235.6 bp −$17.8K

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−0.0360%1h93.272−0.168%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0160%1h93.252−0.190%$197K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.266−0.174%$1.2M$4.0M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.329−0.107%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0068%1h93.270−0.170%$700K$924K10xas long as short
01 Exchange HYPEUSD−0.0008%1h93.312−0.125%$90K$361K20xas long as short
dYdX HYPE-USD0.0000%1h93.344−0.091%$127K$32K5xas long as short
Popdex HYPEUSDT0.0000%1h93.291−0.148%$58K$1.2M50xas long as short
Perpl HYPE0.0000%43m93.313−0.124%$23K$331K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.342−0.093%$20K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0014%4h93.317−0.120%$8.9M$36.0M300xas long as short
Derive HYPE-PERP+0.0016%1h93.265−0.176%$16.3M$7.1M10xas long as short
Bybit HYPEUSDT+0.0029%8h93.290−0.149%$323.9M$286.8M75xas long as short
Phoenix HYPE+0.0034%1h93.374−0.059%$214K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0036%4h93.311−0.126%$171K$519K20xas long as short
Gate HYPE_USDT+0.0056%4h93.296−0.142%$43.7M$57.8M75xas long as short
Bullet HYPE-USD+0.0069%1h93.299−0.139%$112K$578K20xas long as short
Binance HYPEUSDTshort+0.0096%4h93.287−0.152%$383.5M$892.0M75x
Lighter HYPE+0.0096%1h93.347−0.088%$18.5M$58.7M20xas long as short
Lighter RH HYPE+0.0096%1h93.323−0.113%$3.1M$12.1M20xas long as short
MEXC HYPE_USDT+0.0096%4h93.292−0.147%$90.4M$81.6M100xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.305−0.132%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.290−0.149%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.285−0.154%$5.9M$44.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.335−0.101%$2.03B$672.4M10xas long as short
Pacifica HYPE+0.0100%1h93.329−0.107%$10.0M$14.3M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.281−0.158%$114.0M$313.9M50xas long as short
Bulk HYPE-USD+0.0100%1h93.390−0.042%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.311−0.126%$47.2M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.310−0.127%$226.2M$102.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.293−0.146%$54.0Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.330−0.106%$7.9M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h93.236−0.206%$28.9M$50.6Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.228−0.215%$7.5M$45.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.375−0.058%$413K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.385−0.047%$675K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.341−0.094%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.326−0.110%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.289−0.150%$76K$168K20xas long as short
SunX HYPE-USDTlong+0.0100%4h93.429long leg$32K$1.6M20x
SoDEX HYPE-USD+0.0100%1h93.321−0.116%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.315−0.122%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.278−0.162%$18.2M$42.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.277−0.163%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0104%4h93.291−0.147%$5.1M$29.5M30xas long as short
Kalshi KXHYPEPERP+0.0107%8h93.452+0.025%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.350−0.085%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.340−0.095%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0246%1h93.296−0.142%$78K$158K15xas long as short
HTX HYPE-USDT+0.0269%4h93.471+0.045%$1.5M$7.7M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.363−0.071%$2.8M$6.8M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0296%1h93.401−0.030%$7.4M$4.6M50xas long as short
BloFin HYPE-USDT+0.0337%4h93.319−0.118%$16.9M$12.4M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0159%1h93.329−0.107%$1.5M100xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.434+0.006%$20.8M$28.8M50xas long as short