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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.054%
Price spread now: Hotstuff against SunX−0.104%7-day average · 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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.104% cheaper against SunX than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX HYPE-USDT93.8800.0100pay 0.0050% / 4h3h 19m$32K$1.6M20x
ShortHotstuff HYPE-PERP93.782−0.0080pay 0.0010% / 1h19m 24s$3K$33125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff 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
−$37.8
Price spread: −0.104% → 0.000%
−$10.44
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$61.24
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 6 min ago; Hotstuff: 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 SunX live order book, 6 min ago19.32 bp24.1 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Hotstuff no order-book sample
Hotstuff: 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
Hibachi HYPE/USDT-P−0.1312%1h93.756−0.132%$198K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.675−0.218%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0194%1h94.033+0.163%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0153%1h93.910+0.032%$710K$959K10xas long as short
dYdX HYPE-USD−0.0111%1h93.863−0.018%$129K$31K5xas long as short
Bullet HYPE-USD−0.0100%1h93.644−0.251%$112K$581K20xas long as short
01 Exchange HYPEUSD−0.0088%1h93.769−0.118%$86K$360K20xas long as short
Gate HYPE_USDT−0.0082%4h93.641−0.255%$44.4M$60.0M75xas long as short
Hotstuff HYPE-PERPshort−0.0080%1h93.782−0.104%$3K$33125x
Bybit HYPEUSDT−0.0029%8h93.630−0.266%$321.7M$280.2M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_HYPE_USDC−0.0025%4h93.609−0.289%$159K$645K20xas long as short
Phemex HYPEUSDT−0.0008%8h93.884+0.004%$12.8M$2.6M50xas long as short
Perpl HYPE0.0000%43m93.769−0.118%$23K$326K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.683−0.210%$27K150xas long as short
Aster HYPEUSDT+0.0007%4h93.743−0.146%$8.9M$36.1M300xas long as short
Derive HYPE-PERP+0.0017%1h93.782−0.104%$16.4M$7.3M10xas long as short
Phoenix HYPE+0.0034%1h94.149+0.287%$219K$1.2M10xas long as short
Binance HYPEUSDT+0.0045%4h93.700−0.192%$382.2M$893.2M75xas long as short
MEXC HYPE_USDT+0.0048%4h93.755−0.133%$88.3M$83.0M100xas long as short
edgeX HYPEUSDC+0.0057%4h93.961+0.086%$5.1M$30.0M30xas long as short
OKX HYPE-USDT-SWAP+0.0074%8h93.629−0.267%$115.7M$316.3M50xas long as short
Bluefin HYPE-PERP+0.0089%1h93.812−0.072%$76K$171K20xas long as short
Lighter HYPE+0.0096%1h93.802−0.084%$19.1M$60.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.796−0.089%$3.0M$12.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.793−0.093%$64K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.798−0.087%$399K$180K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.794−0.091%$341K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.800−0.085%$20K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.757−0.132%$6.6M$44.8M10xas long as short
Hyperliquid HYPE+0.0100%1h93.874−0.006%$2.05B$673.6M10xas long as short
Pacifica HYPE+0.0100%1h93.786−0.100%$10.2M$14.6M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.799−0.086%$46.7M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.792−0.094%$227.4M$100.9M75xas long as short
BingX HYPE-USDT+0.0100%4h93.648−0.247%$54.0Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.832−0.051%$7.7M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.939+0.063%$31.4M$54.1Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.991+0.118%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.940+0.064%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.838−0.045%$679K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.847−0.035%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.793−0.093%$480K$2.5M20xas long as short
SunX HYPE-USDTlong+0.0100%4h93.880long leg$32K$1.6M20x
SoDEX HYPE-USD+0.0100%1h93.839−0.044%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h94.151+0.288%$205K$2K10xas long as short
Extended HYPE-USD+0.0104%1h93.749−0.140%$18.8M$44.5M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.870−0.011%$4.9M$5.5M50xas long as short
BloFin HYPE-USDT+0.0192%4h93.962+0.087%$17.0M$12.2M75xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.490+0.650%$31K$338K12xas long as short
RISEx HYPE/USDC+0.0222%1h93.822−0.061%$2.7M$6.8M20xas long as short
Kalshi KXHYPEPERP+0.0227%8h93.905+0.027%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0252%1h93.754−0.135%$79K$142K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0155%1h93.855−0.027%$1.4M100xas long as short
HTX HYPE-USDT+0.0385%4h93.958+0.083%$1.5M$6.1M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0453%1h93.937+0.061%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0672%1h93.935+0.058%$21.0M$29.7M50xas long as short