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−0.0102%/8h= −11.2% APRpaid last 24h −0.021%
Price spread now: Ondo Perps against SunX−0.009%7-day average −0.146% · 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−0.127%−$13 on $10k
Price spread, last 3 days (all we have)−0.106%−$11 · spread now −0.009%, 7d avg −0.146%
Together, before fees−0.234%+ Points / potential airdropOndo Perps: Active · farm board−$23 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.138% dearer against SunX than usual: you sell high and buy low (spread −0.009% now, against its 7-day average of −0.146%): +$14 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.5 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX HYPE-USDT93.8080.0100pay 0.0050% / 4h57m 22s$32K$1.6M20x
ShortOndo Perps HYPE-USD.P93.800−0.0002pay 0.0000% / 1h57m 22s$701K$903K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
−$21.5
Price spread: −0.009% → −0.146%
$13.78
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$20.72
Costs to cover
0.130%
Break-even
from the start
Slippage unknown: SunX: live order book, 8 min ago; Ondo Perps: 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, 8 min ago19.33 bp24.1 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
Ondo Perps: 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−0.0504%1h93.735−0.078%$198K$228K7xas long as short
Aftermath Perps HYPEUSD−0.0486%1h93.638−0.182%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.768−0.043%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.840+0.034%$3K$33125xas long as short
Ondo Perps HYPE-USD.Pshort−0.0002%1h93.800−0.009%$701K$903K10x
dYdX HYPE-USD0.0000%1h93.912+0.111%$128K$32K5xas long as short
Perpl HYPE0.0000%43m93.882+0.079%$23K$330K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.922+0.122%$28K150xas long as short
Orderly PERP_HYPE_USDC+0.0014%4h93.800−0.009%$177K$524K20xas long as short
Bybit HYPEUSDT+0.0018%8h93.880+0.077%$324.8M$280.9M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0020%4h93.884+0.081%$8.9M$35.8M300xas long as short
Phoenix HYPE+0.0034%1h93.805−0.003%$215K$1.2M10xas long as short
Derive HYPE-PERP+0.0059%1h93.750−0.062%$16.4M$6.9M10xas long as short
Gate HYPE_USDT+0.0064%4h93.826+0.019%$44.3M$57.7M75xas long as short
MEXC HYPE_USDT+0.0066%4h93.898+0.096%$90.7M$80.3M100xas long as short
Binance HYPEUSDT+0.0067%4h93.898+0.096%$385.5M$885.8M75xas long as short
Phemex HYPEUSDT+0.0078%8h93.741−0.071%$12.8M$2.6M50xas long as short
edgeX HYPEUSDC+0.0078%4h93.744−0.068%$5.1M$29.6M30xas long as short
Lighter HYPE+0.0096%1h93.880+0.077%$19.0M$58.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.869+0.065%$3.1M$12.2M20xas long as short
01 Exchange HYPEUSD+0.0096%1h93.900+0.098%$91K$355K20xas long as short
Popdex HYPEUSDT+0.0096%1h93.847+0.042%$63K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.781−0.029%$399K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.845+0.039%$341K$169K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.830+0.023%$29K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.844+0.039%$5.9M$44.1M10xas long as short
Pacifica HYPE+0.0100%1h93.868+0.064%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.879+0.076%$114.9M$314.4M50xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.852+0.047%$47.2M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.884+0.081%$227.6M$102.4M75xas long as short
BingX HYPE-USDT+0.0100%4h93.893+0.091%$53.9Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.922+0.122%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.552−0.273%$30.9M$51.8Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.616−0.204%$7.5M$45.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.759−0.052%$393K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.783−0.027%$678K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.874+0.070%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.911+0.110%$484K$2.5M20xas long as short
Bullet HYPE-USD+0.0100%1h93.888+0.085%$113K$577K20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.803−0.005%$76K$166K20xas long as short
SunX HYPE-USDTlong+0.0100%4h93.808long leg$32K$1.6M20x
SoDEX HYPE-USD+0.0100%1h93.802−0.006%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.680−0.136%$205K$7K10xas long as short
Injective HYPE/USDC PERP+0.0104%1h93.680−0.136%$30K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.826+0.019%$18.6M$42.0M50xas long as short
Kalshi KXHYPEPERP+0.0120%8h93.782−0.028%$1.9M$5.1M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.770−0.041%$4.9M$5.7M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0208%1h93.890+0.087%$7.4M$4.5M50xas long as short
HTX HYPE-USDT+0.0220%4h93.915+0.114%$1.5M$7.7M75xas long as short
Reya HYPERUSDPERP+0.0248%1h93.885+0.082%$77K$142K15xas long as short
BloFin HYPE-USDT+0.0267%4h93.753−0.059%$17.0M$12.3M75xas long as short
RISEx HYPE/USDC+0.0284%1h93.894+0.091%$2.7M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0165%1h93.801−0.008%$1.4M100xas long as short
Hyperliquid HYPE+0.0504%1h93.911+0.110%$2.04B$667.3M10xas long as short
Kraken Futures PF_HYPEUSD+0.0578%1h93.904+0.102%$21.0M$29.0M50xas long as short