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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Bitget against Vest−0.036%7-day average −0.020% · 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)+0.097%+$10 on $10k
Price spread, last 3 days (all we have)−0.547%−$55 · spread now −0.036%, 7d avg −0.020%
Together, before fees−0.450%+ Points / potential airdropVest: Active · farm board−$45 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest HYPE-PERP93.3490.0100pay 0.0013% / 1h51m 58s$454K5x
ShortBitget HYPEUSDT93.3150.0100get 0.0050% / 4h2h 51m$226.7M$102.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: −0.036% → −0.020%
−$1.64
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$15.64
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; Bitget: 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 Bitget live order book, 2 min ago0.05 bp10.8 bp −$1114.5 bp −$145doesn'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−0.1304%1h93.259−0.096%$197K$233K7xas long as short
Ondo Perps HYPE-USD.P−0.0145%1h93.210−0.148%$699K$948K10xas long as short
Aftermath Perps HYPEUSD−0.0116%1h93.299−0.053%$22K$22K10xas long as short
01 Exchange HYPEUSD−0.0096%1h93.324−0.026%$89K$342K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.293−0.060%$3K$33125xas long as short
Bullet HYPE-USD−0.0005%1h93.311−0.041%$112K$583K20xas long as short
dYdX HYPE-USD0.0000%1h93.326−0.025%$127K$33K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.413+0.069%$1.9M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.342−0.007%$23K$343K10xas long as short
Aster HYPEUSDT+0.0001%4h93.316−0.035%$8.9M$36.3M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.371+0.024%$20K150xas long as short
Gate HYPE_USDT+0.0016%4h93.325−0.025%$44.1M$56.2M75xas long as short
Derive HYPE-PERP+0.0024%1h93.295−0.057%$16.4M$7.1M10xas long as short
Bybit HYPEUSDT+0.0042%8h93.318−0.033%$325.4M$288.3M75xas long as short
Phoenix HYPE+0.0068%1h93.336−0.013%$215K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0077%4h93.348−0.001%$180K$536K20xas long as short
Lighter HYPE+0.0096%1h93.382+0.036%$18.5M$59.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.353+0.005%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.308−0.043%$56K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.320−0.031%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.305−0.046%$6.0M$44.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.382+0.036%$2.03B$668.5M10xas long as short
Pacifica HYPE+0.0100%1h93.343−0.006%$10.0M$14.5M20xas long as short
Binance HYPEUSDT+0.0100%4h93.337−0.013%$386.0M$890.2M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.313−0.038%$114.7M$316.2M50xas long as short
Arcus HYPE-USD+0.0100%1h93.294−0.058%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.386+0.040%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.340−0.009%$92.2M$81.5M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.339−0.010%$46.3M$19.4M75xas long as short
Bitget HYPEUSDTshort+0.0100%4h93.315−0.036%$226.7M$102.0M75x
BingX HYPE-USDT+0.0100%4h93.321−0.030%$54.4Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.361+0.013%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.285−0.069%$28.8M$49.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.383+0.037%$7.5M$46.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.338−0.011%$405K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.301−0.051%$675K$2.4M20xas long as short
Vest HYPE-PERPlong+0.0100%1h93.349long leg$454K5x
Polymarket Perps HYPE-USD+0.0100%1h93.357+0.009%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.341−0.008%$76K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h93.327−0.023%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.340−0.009%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.340−0.009%$12.7M$2.6M50xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.339−0.011%$339K$171K20xas long as short
edgeX HYPEUSDC+0.0101%4h93.326−0.024%$5.1M$29.4M30xas long as short
Extended HYPE-USD+0.0104%1h93.282−0.072%$18.4M$41.0M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.364+0.016%$397K$318K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.440+0.098%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.339−0.010%$77K$157K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.130−0.234%$30K$231K12xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0317%1h93.448+0.106%$7.4M$4.6M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.368+0.021%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.281−0.072%$17.1M$12.5M75xas long as short
HTX HYPE-USDT+0.0410%4h93.493+0.155%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.367+0.019%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.438+0.096%$19.2M$25.8M50xas long as short