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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%
Price spread now: ApeX Omni against Vest−0.091%7-day average +0.006% · 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 3 days (all we have)+0.124%+$12 on $10k
Price spread, last 4 days (all we have)−0.055%−$6 · spread now −0.091%, 7d avg +0.006%
Together, before fees+0.068%+ Points / potential airdropVest: Active · farm board+$7 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: ApeX Omni is 0.097% cheaper against Vest than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest HYPE-PERP93.3950.0100pay 0.0013% / 1h36m 49s$243K5x
ShortApeX Omni HYPEUSDT93.3100.0100get 0.0013% / 1h36m 49s$339K$999K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Vest. 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: −0.091% → +0.006%
−$9.74
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$21.74
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; ApeX Omni: live order book, 2 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 Vest no order-book sample
Sell ApeX Omni live order book, 2 min ago2.04 bp8.6 bp −$911.3 bp −$113doesn't fitdoesn't fit
Vest: 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−0.1288%1h93.228−0.179%$196K$226K7xas long as short
Arcus HYPE-USD−0.0899%1h93.198−0.211%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0091%1h93.220−0.188%$700K$981K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.301−0.101%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0056%1h93.381−0.015%$85K$345K20xas long as short
Phemex HYPEUSDT−0.0056%8h93.365−0.033%$12.6M$2.7M50xas long as short
Aftermath Perps HYPEUSD−0.0051%1h93.372−0.025%$22K$21K10xas long as short
Orderly PERP_HYPE_USDC−0.0046%4h93.351−0.048%$156K$633K20xas long as short
Bullet HYPE-USD−0.0016%1h93.336−0.064%$111K$577K20xas long as short
dYdX HYPE-USD0.0000%1h93.361−0.037%$128K$31K5xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.398+0.003%$23K$322K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.385−0.011%$62K150xas long as short
Aster HYPEUSDT+0.0016%4h93.340−0.059%$8.8M$35.5M300xas long as short
Phoenix HYPE+0.0026%1h93.398+0.003%$213K$1.2M10xas long as short
BingX HYPE-USDT+0.0026%4h93.324−0.076%$53.0Mas long as short
Bybit HYPEUSDT+0.0032%8h93.362−0.036%$321.3M$277.2M75xas long as short
Gate HYPE_USDT+0.0052%4h93.324−0.076%$44.5M$54.8M75xas long as short
OKX HYPE-USDT-SWAP+0.0078%8h93.376−0.021%$114.1M$302.2M50xas long as short
Lighter HYPE+0.0096%1h93.424+0.031%$16.3M$61.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.397+0.002%$3.1M$11.6M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.371−0.026%$69K$1.2M50xas long as short
MEXC HYPE_USDT+0.0096%4h93.337−0.063%$89.8M$80.7M100xas long as short
Binance HYPEUSDT+0.0096%4h93.352−0.046%$378.6M$876.8M75xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.336−0.063%$339K$162K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.330−0.070%$17K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.299−0.104%$5.8M$43.3M10xas long as short
Hyperliquid HYPE+0.0100%1h93.430+0.037%$2.04B$653.4M10xas long as short
Pacifica HYPE+0.0100%1h93.343−0.056%$10.0M$14.6M20xas long as short
Bulk HYPE-USD+0.0100%1h93.580+0.198%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.344−0.055%$45.9M$18.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.380−0.016%$225.8M$96.7M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.350−0.049%$7.4M$10.3M20xas long as short
Variational Omni HYPE+0.0100%8h93.317−0.084%$31.1M$53.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.307−0.095%$7.5M$45.6M10xas long as short
ApeX Omni HYPEUSDTshort+0.0100%1h93.310−0.091%$339K$999K50x
StandX HYPE-USD+0.0100%1h93.326−0.074%$666K$2.6M20xas long as short
Vest HYPE-PERPlong+0.0100%1h93.395long leg$243K5x
Polymarket Perps HYPE-USD+0.0100%1h93.390−0.006%$472K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.362−0.036%$79K$170K20xas long as short
Derive HYPE-PERP+0.0100%1h93.341−0.058%$16.2M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.423+0.030%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.352−0.046%$2.0M$1.9M10xas long as short
Extended HYPE-USD+0.0104%1h93.298−0.104%$18.4M$43.6M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.338−0.062%$397K$162K20xas long as short
edgeX HYPEUSDC+0.0108%4h93.349−0.050%$5.1M$29.6M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.400+0.005%$4.8M$5.6M50xas long as short
HTX HYPE-USDT+0.0195%4h93.540+0.155%$1.4M$6.0M75xas long as short
Reya HYPERUSDPERP+0.0258%1h93.346−0.053%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0277%8h93.380−0.016%$1.9M$5.0M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h93.398+0.003%$1.4M100xas long as short
BloFin HYPE-USDT+0.0336%4h93.364−0.034%$17.0M$11.6M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0393%1h93.441+0.049%$7.4M$4.4M50xas long as short
RISEx HYPE/USDC+0.0510%1h93.423+0.030%$3.2M$6.4M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.180−0.231%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0685%1h93.423+0.030%$20.7M$29.9M50xas long as short