Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

HYPE

All HYPE markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Variational OmniHYPE
85.284−0.0033get 0.0033% / 8h1h 11m$30.9M$55.3M50xLong Variational Omni+15% pts
SHORT
AvantisHYPE/USD
85.525L +0.0233S +0.0031pay 0.0004% / 1h11m 31s$56K—20xShort Avantis
Price gap+0.282%
Funding gap+0.0002% /8h

Funding is ≈ 0, so this is a price-spread trade: +$28 on $10k if the gap goes back to zero (no 7-day history yet).

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$32+0.0002% /8h now · paid −0.322% over the last 7D
Price—spread +0.282% now · no price history on both exchanges yet
Costsno datano order book for Avantis
Result, before costs—+ Points / potential airdropVariational Omni: points · Avantis: Season 3 · farm boardneeds both price histories

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now+0.282%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

HYPE on 55 exchanges

lowest funding first

Before you open

2 ok · 2 to watch
  • Note: Order book unknown—
    No order-book sample for Avantis: its slippage is not counted.
  • Note: Margin at max leverage$200 + $500
    Variational Omni 50x, Avantis 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$0.05Long Variational Omni: 3 payments, +$0.98; short Avantis: 24 payments, −$0.92.
  • Note: No 7-day spread history+0.282%
    The gap cannot be compared with its average yet.
  • Watch: Short leg is thinner$56K vs $30.9M OI
    Avantis sets your exit cost. Check its book before closing.
  • OK: Points on a legVariational Omni points · Avantis Season 3
    Volume here counts toward the points program.
  • OK: No KYC on either legVariational Omni No · Avantis No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0153%/8h × 21 periods−$32.19
Price spread+0.282% → 0+$28.24
Slippage, 4 ordersno data for Avantis—
Fee Variational Omni bp × 2 orders$0.00
Fee Avantis bp × 2 orders−$9.00
Net, fees only · 7 days · $10k−$12.95
Costs to cover0.090%Break-evenfrom the start
Slippage: Variational Omni: RFQ quote, 1 min ago; Avantis: no order-book sample

Cost to enter

taker + slippage from mid, one side
BUY · LONGVariational Omni0.461.9 bp−$23.3 bp−$3316.4 bp−$1,636doesn’t fit
SELL · SHORTAvantis—————

Closing costs about the same again.
Avantis: no data.

Alert

HYPE news

posts that mention HYPE, from every exchangeSearch all news →
09-29 15:00Coinbase InternationalOtherAssets you swore you'd never sell: - HYPE - ZEC Assets you can now instantly borrow up to $100k against instead of selling: - HYPE - ZEC Guess that works out. @coinbase on X ↗
09-29 14:58BingXContestYour next trade could come with extra rewards 😎 Share a 200,000 USDT prize pool, with up to 500 USDT per trader. New users can claim 15 USDT trading BTC, ETH or HYPE, plus daily trading rewards of 15 USDT. Join on BingX before Oct 7👇 @BingXOfficial on X ↗
09-28 18:50AevoOtherbitcoin:native is back near $83k after trading above $86k last week. Whether you trade the continuation or pullback, all options and this week’s Perp Majors count toward the volume requirement for our year-end reward. This week’s Perp Majors include: BTC, ETH, SOL, ZEC, NEAR, HYPE, LIT, SPY, QQQ, HOOD, SNDK, MU, NVDA, TSLA, GOOGL. @aevoxyz on X ↗
09-28 15:17OKXOtherNew X Drops just went live in Europe. Trade XDP, HYPE, TAO, LINK, PUMP, UNI, LTC, DOGE, FET, or AAVE for a share of 23M $XDP. $XDP trades get a 3× boost. @okx on X ↗
09-24 07:40BinanceListingBinance will list @HyperliquidX (HYPE) with the Seed Tag applied. More info → @binance on X ↗
09-23 06:39BitgetOther$HYPE just hit a new ATH near $98, gaining ~5% over the past 24 hours. The move comes as Payward plans to bring regulated onchain perpetual futures to U.S. traders via @HyperliquidX. @bitget on X ↗