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 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.027%
Price spread now: dYdX against Variational Omni+0.137%7-day average +0.027% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on dYdX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.066%−$7 on $10k
Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.137%, 7d avg +0.027%
Together, before fees−0.152%+ Points / potential airdropVariational Omni: Active · farm board−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. dYdX is 0.110% dearer against Variational Omni than usual: you sell high and buy low (spread +0.137% now, against its 7-day average of +0.027%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.7 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni HYPE93.3750.0100pay 0.0100% / 8h2h 45m$28.8M$49.9M—
ShortdYdX HYPE-USD93.5040get 0.0000% / 1h45m 16s$127K$33K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
−$21
Price spread: +0.137% → +0.027%
$11.05
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$19.95
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; dYdX: live order book, 43 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, 4 min ago0.41 bpdoesn't fit5.1 bp −$5119.2 bp −$1,921doesn't fit
Sell dYdX live order book, 43 min ago26.01 bp31.0 bp −$3172.5 bp −$725178.3 bp −$17.8K1004.8 bp −$502.4K

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−0.1240%1h93.386+0.012%$197K$233K7xas long as short
Ondo Perps HYPE-USD.P−0.0202%1h93.330−0.049%$701K$943K10xas long as short
Aftermath Perps HYPEUSD−0.0188%1h93.399+0.025%$22K$22K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.422+0.050%$89K$345K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.423+0.051%$3K$33125xas long as short
dYdX HYPE-USDshort0.0000%1h93.504+0.137%$127K$33K5x
Kalshi KXHYPEPERP0.0000%8h93.520+0.155%$1.9M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.434+0.063%$23K$343K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.430+0.058%$19K—150xas long as short
Aster HYPEUSDT+0.0012%4h93.420+0.048%$8.9M$36.1M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Derive HYPE-PERP+0.0017%1h93.351−0.026%$16.4M$7.1M10xas long as short
Bullet HYPE-USD+0.0019%1h93.411+0.038%$113K$583K20xas long as short
Gate HYPE_USDT+0.0022%4h93.402+0.028%$44.2M$56.3M75xas long as short
Bybit HYPEUSDT+0.0039%8h93.383+0.008%$325.3M$287.9M75xas long as short
Phoenix HYPE+0.0068%1h93.408+0.035%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0075%4h93.419+0.047%$180K$536K20xas long as short
Lighter HYPE+0.0096%1h93.459+0.089%$18.5M$59.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.441+0.070%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.397+0.023%$56K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.440+0.069%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.396+0.023%$6.0M$44.3M10xas long as short
Hyperliquid HYPE+0.0100%1h93.482+0.114%$2.04B$669.2M10xas long as short
Pacifica HYPE+0.0100%1h93.428+0.057%$10.0M$14.5M20xas long as short
Binance HYPEUSDT+0.0100%4h93.391+0.017%$385.7M$888.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.366−0.010%$114.8M$315.3M50xas long as short
Arcus HYPE-USD+0.0100%1h93.396+0.022%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.335−0.043%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.397+0.023%$93.0M$81.9M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.414+0.041%$46.3M$19.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.404+0.031%$226.8M$102.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.396+0.022%—$54.3M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.475+0.107%$7.9M$11.7M20xas long as short
Variational Omni HYPElong+0.0100%8h93.375long leg$28.8M$49.9M—
GRVT HYPE_USDT_Perp+0.0100%4h93.445+0.074%$7.5M$45.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.456+0.086%$406K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.481+0.113%$676K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.462+0.093%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.447+0.077%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.402+0.028%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.445+0.074%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.375−0.001%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.429+0.057%$12.7M$2.6M50xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.450+0.080%$339K$171K20xas long as short
Extended HYPE-USD+0.0104%1h93.366−0.010%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.420+0.048%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0107%4h93.435+0.063%$5.1M$29.5M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.500+0.133%$4.9M$5.7M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0242%1h93.495+0.128%$7.4M$4.6M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.404+0.031%$77K$157K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.330−0.049%$30K$231K12xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.445+0.075%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.408+0.035%$17.1M$12.5M75xas long as short
HTX HYPE-USDT+0.0388%4h93.628+0.270%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.474+0.106%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.481+0.113%$19.2M$25.8M50xas long as short