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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0016%/8h= +1.7% APRpaid last 24h +0.010%
Price spread now: edgeX against Vest−0.012%7-day average +0.007% · 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)+0.131%+$13 on $10k
Price spread, last 3 days (all we have)−0.044%−$4 · spread now −0.012%, 7d avg +0.007%
Together, before fees+0.087%+ Points / potential airdropVest: Active · edgeX: Active · farm board+$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest HYPE-PERP93.5550.0100pay 0.0013% / 1h29m 23s$454K5x
ShortedgeX HYPEUSDC93.5440.0116get 0.0058% / 4h2h 29m$5.1M$29.6M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$3.33
Price spread: −0.012% → +0.007%
−$1.99
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$9.66
Costs to cover
0.110%
Break-even
27.3 days
Slippage unknown: Vest: no order-book sample; edgeX: live order book, 5 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 edgeX live order book, 5 min ago0.32 bp4.8 bp −$55.0 bp −$50148.6 bp −$14.9Kdoesn'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−0.1064%1h93.496−0.064%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0276%1h93.537−0.019%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0248%1h93.440−0.123%$701K$939K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.562+0.007%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.547−0.009%$89K$347K20xas long as short
Bullet HYPE-USD−0.0033%1h93.508−0.050%$112K$583K20xas long as short
Derive HYPE-PERP−0.0007%1h93.475−0.086%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.563+0.009%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.480−0.080%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.552−0.004%$20K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0018%4h93.497−0.063%$8.9M$35.8M300xas long as short
Gate HYPE_USDT+0.0024%4h93.512−0.046%$44.1M$56.6M75xas long as short
Bybit HYPEUSDT+0.0037%8h93.504−0.055%$325.7M$287.1M75xas long as short
Orderly PERP_HYPE_USDC+0.0068%4h93.516−0.042%$175K$535K20xas long as short
Phoenix HYPE+0.0068%1h93.549−0.007%$216K$1.2M10xas long as short
Popdex HYPEUSDT+0.0072%1h93.513−0.045%$57K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.543−0.013%$18.5M$59.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.522−0.036%$3.1M$12.3M20xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.504−0.054%$340K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.550−0.006%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.513−0.046%$6.0M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.606+0.054%$2.04B$669.5M10xas long as short
Pacifica HYPE+0.0100%1h93.513−0.045%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.513−0.045%$385.8M$887.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.499−0.060%$114.9M$315.1M50xas long as short
Arcus HYPE-USD+0.0100%1h93.485−0.075%$1.2M$4.0M10xas long as short
MEXC HYPE_USDT+0.0100%4h93.509−0.049%$93.5M$82.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.534−0.023%$46.4M$18.7M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.543−0.013%$227.2M$102.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.508−0.051%$54.2Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.549−0.007%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.541−0.016%$28.9M$49.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.580+0.027%$7.5M$45.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.558+0.003%$406K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.602+0.050%$677K$2.4M20xas long as short
Vest HYPE-PERPlong+0.0100%1h93.555long leg$454K5x
Polymarket Perps HYPE-USD+0.0100%1h93.545−0.011%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.530−0.027%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.558+0.003%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.513−0.045%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.546−0.010%$12.7M$2.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.556+0.001%$204K$12K10xas long as short
Extended HYPE-USD+0.0104%1h93.502−0.057%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.520−0.038%$398K$318K20xas long as short
edgeX HYPEUSDCshort+0.0116%4h93.544−0.012%$5.1M$29.6M30x
Kalshi KXHYPEPERP+0.0126%8h93.629+0.079%$1.9M$5.3M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0188%1h93.619+0.068%$7.4M$4.6M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.600+0.048%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.512−0.046%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.510−0.048%$30K$291K12xas long as short
HTX HYPE-USDT+0.0333%4h93.724+0.180%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0164%1h93.554−0.001%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.545−0.011%$17.1M$12.5M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.581+0.027%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.631+0.081%$19.2M$26.0M50xas long as short