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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.023%
Price spread now: OKX against Variational Omni+0.114%7-day average +0.014% · you sell dearer than you buy
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)−0.026%−$3 on $10k
Price spread, last 7 days−0.097%−$10 · spread now +0.114%, 7d avg +0.014%
Together, before fees−0.123%+ Points / potential airdropVariational Omni: Active · farm board−$12 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: OKX is 0.100% dearer against Variational Omni than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni HYPE93.2950.0100pay 0.0100% / 8h2h 45m$28.8M$49.8M
ShortOKX HYPE-USDT-SWAP93.4020.0100get 0.0100% / 8h2h 45m$114.8M$315.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: +0.114% → +0.014%
$10.01
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee OKX: 5 bp × 2 orders
−$10
Net
$0.01
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; OKX: live order book, 3 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, 3 min ago0.41 bpdoesn't fit5.1 bp −$5119.2 bp −$1,921doesn't fit
Sell OKX live order book, 3 min ago0.05 bp5.1 bp −$58.5 bp −$8520.0 bp −$2,000doesn'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
Hibachi HYPE/USDT-P−0.1240%1h93.362+0.071%$197K$233K7xas long as short
Ondo Perps HYPE-USD.P−0.0186%1h93.330+0.037%$701K$943K10xas long as short
Aftermath Perps HYPEUSD−0.0175%1h93.418+0.132%$22K$22K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.472+0.189%$89K$345K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.410+0.123%$3K$33125xas long as short
dYdX HYPE-USD0.0000%1h93.504+0.223%$127K$33K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.520+0.241%$1.9M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.446+0.161%$23K$343K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.494+0.213%$19K150xas long as short
Aster HYPEUSDT+0.0014%4h93.413+0.126%$8.9M$36.1M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Derive HYPE-PERP+0.0017%1h93.397+0.109%$16.4M$7.1M10xas long as short
Bullet HYPE-USD+0.0020%1h93.455+0.171%$112K$583K20xas long as short
Gate HYPE_USDT+0.0024%4h93.427+0.141%$44.2M$56.3M75xas long as short
Bybit HYPEUSDT+0.0039%8h93.410+0.123%$325.4M$287.9M75xas long as short
Phoenix HYPE+0.0068%1h93.408+0.121%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0075%4h93.462+0.179%$180K$536K20xas long as short
ApeX Omni HYPEUSDT+0.0092%1h93.318+0.024%$405K$1.1M50xas long as short
Lighter HYPE+0.0096%1h93.505+0.225%$18.5M$59.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.467+0.184%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.448+0.163%$56K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.500+0.219%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.455+0.171%$6.0M$44.3M10xas long as short
Hyperliquid HYPE+0.0100%1h93.500+0.219%$2.04B$669.2M10xas long as short
Pacifica HYPE+0.0100%1h93.456+0.172%$10.0M$14.5M20xas long as short
Binance HYPEUSDT+0.0100%4h93.419+0.132%$385.8M$888.5M75xas long as short
OKX HYPE-USDT-SWAPshort+0.0100%8h93.402+0.114%$114.8M$315.5M50x
Arcus HYPE-USD+0.0100%1h93.433+0.147%$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%4h93.425+0.139%$93.1M$81.9M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.449+0.165%$46.3M$19.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.431+0.145%$226.9M$102.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.416+0.129%$54.3Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.475+0.192%$7.9M$11.7M20xas long as short
Variational Omni HYPElong+0.0100%8h93.295long leg$28.8M$49.8M
GRVT HYPE_USDT_Perp+0.0100%4h93.407+0.120%$7.5M$46.2M10xas long as short
StandX HYPE-USD+0.0100%1h93.504+0.224%$676K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.490+0.209%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.483+0.201%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.445+0.160%$76K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h93.496+0.215%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.446+0.161%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.429+0.143%$12.7M$2.6M50xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.483+0.201%$339K$171K20xas long as short
Extended HYPE-USD+0.0104%1h93.412+0.124%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.488+0.207%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0108%4h93.395+0.106%$5.1M$29.5M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.500+0.219%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.462+0.179%$77K$157K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.360+0.069%$30K$231K12xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0285%1h93.552+0.275%$7.4M$4.6M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.499+0.218%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.408+0.121%$17.1M$12.5M75xas long as short
HTX HYPE-USDT+0.0388%4h93.628+0.356%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.518+0.239%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.537+0.259%$19.2M$25.8M50xas long as short