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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%
Price spread now: Bluefin against Variational Omni+0.080%7-day average +0.020% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Bluefin
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.042%−$4 on $10k
Price spread, last 3 days (all we have)−0.058%−$6 · spread now +0.080%, 7d avg +0.020%
Together, before fees−0.100%+ Points / potential airdropVariational Omni: Active · farm board−$10 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: Bluefin is 0.060% dearer against Variational Omni than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni HYPE93.2360.0100pay 0.0100% / 8h1h 42m$28.9M$50.6M—
ShortBluefin HYPE-PERP93.3110.0100get 0.0013% / 1h42m 48s$76K$168K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin against Variational Omni. 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
Price spread: +0.080% → +0.020%
$6.04
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$0.96
Costs to cover
0.070%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Bluefin: live order book, 41 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 Variational Omni RFQ quote, 1 min ago0.43 bpdoesn't fit3.0 bp −$3012.4 bp −$1,237doesn't fit
Sell Bluefin live order book, 41 min ago1.92 bp12.2 bp −$12doesn't fitdoesn'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−0.0355%1h93.211−0.026%$22K$22K10xas long as short
Arcus HYPE-USD−0.0131%1h93.292+0.060%$1.2M$4.0M10xas long as short
Hibachi HYPE/USDT-P−0.0112%1h93.291+0.059%$197K$230K7xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.339+0.110%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0038%1h93.150−0.092%$699K$924K10xas long as short
01 Exchange HYPEUSD−0.0008%1h93.375+0.149%$90K$362K20xas long as short
dYdX HYPE-USD0.0000%1h93.336+0.107%$127K$32K5xas long as short
Popdex HYPEUSDT0.0000%1h93.345+0.117%$57K$1.2M50xas long as short
Kalshi KXHYPEPERP0.0000%8h93.402+0.178%$1.9M$5.3M2.3xas long as short
Perpl HYPE0.0000%43m93.303+0.072%$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%1h93.345+0.117%$20K—150xas long as short
Aster HYPEUSDT+0.0011%4h93.379+0.153%$8.9M$36.0M300xas long as short
Derive HYPE-PERP+0.0016%1h93.272+0.038%$16.3M$7.1M10xas long as short
Bybit HYPEUSDT+0.0031%8h93.390+0.165%$324.4M$286.8M75xas long as short
Phoenix HYPE+0.0034%1h93.278+0.045%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0037%4h93.316+0.086%$171K$519K20xas long as short
Gate HYPE_USDT+0.0070%4h93.394+0.169%$43.8M$57.7M75xas long as short
Bullet HYPE-USD+0.0082%1h93.301+0.070%$111K$578K20xas long as short
Lighter HYPE+0.0096%1h93.388+0.163%$18.5M$58.7M20xas long as short
Lighter RH HYPE+0.0096%1h93.357+0.130%$3.1M$12.1M20xas long as short
Binance HYPEUSDT+0.0096%4h93.391+0.166%$383.8M$891.7M75xas long as short
MEXC HYPE_USDT+0.0098%4h93.387+0.162%$90.4M$81.6M100xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.342+0.113%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.320+0.090%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.344+0.116%$5.9M$44.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.397+0.173%$2.03B$672.1M10xas long as short
Pacifica HYPE+0.0100%1h93.324+0.094%$10.0M$14.3M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.384+0.159%$114.1M$314.5M50xas long as short
Bulk HYPE-USD+0.0100%1h92.884−0.378%$203K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.410+0.186%$47.3M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.414+0.191%$226.5M$102.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.380+0.154%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.389+0.164%$7.9M$11.5M20xas long as short
Variational Omni HYPElong+0.0100%8h93.236long leg$28.9M$50.6M—
GRVT HYPE_USDT_Perp+0.0100%4h93.228−0.008%$7.5M$45.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.375+0.149%$413K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.274+0.041%$675K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.337+0.108%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.364+0.137%$494K$2.6M20xas long as short
Bluefin HYPE-PERPshort+0.0100%1h93.311+0.080%$76K$168K20x
SunX HYPE-USDT+0.0100%4h93.391+0.166%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.328+0.099%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.340+0.111%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.369+0.143%$18.2M$42.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.325+0.096%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0107%4h93.311+0.080%$5.1M$29.6M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.390+0.165%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.250+0.015%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0246%1h93.317+0.087%$78K$158K15xas long as short
HTX HYPE-USDT+0.0274%4h93.500+0.283%$1.5M$7.7M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.399+0.175%$2.8M$6.8M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0328%1h93.412+0.189%$7.4M$4.6M50xas long as short
BloFin HYPE-USDT+0.0336%4h93.332+0.103%$16.9M$12.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0159%1h93.341+0.112%$1.5M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.444+0.223%$20.8M$28.6M50xas long as short