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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.014%
Price spread now: Pacifica against Vest−0.031%49s7-day average +0.021% · 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)+0.125%+$13 on $10k
Price spread, last 3 days (all we have)−0.244%−$24 · spread now −0.031%, 7d avg +0.021%
Together, before fees−0.119%+ Points / potential airdropVest: Active · Pacifica: 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: Pacifica is 0.052% cheaper against Vest than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.021%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest HYPE-PERP93.4860.0100pay 0.0013% / 1h46m 34s$454K5x
ShortPacifica HYPE93.4560.0100get 0.0013% / 1h46m 34s$10.0M$14.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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: −0.031% → +0.021%
−$5.23
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$15.23
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; Pacifica: 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 Vest no order-book sample
Sell Pacifica live order book, 3 min ago0.05 bp4.6 bp −$5doesn't fitdoesn'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−0.1256%1h93.344−0.151%$197K$233K7xas long as short
Ondo Perps HYPE-USD.P−0.0186%1h93.330−0.166%$701K$943K10xas long as short
Aftermath Perps HYPEUSD−0.0165%1h93.409−0.082%$22K$22K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.472−0.014%$89K$345K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.410−0.081%$3K$33125xas long as short
Bullet HYPE-USD−0.0001%1h93.419−0.072%$112K$583K20xas long as short
dYdX HYPE-USD0.0000%1h93.504+0.019%$127K$33K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.506+0.022%$1.9M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.443−0.045%$23K$343K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.465−0.022%$19K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0014%4h93.417−0.073%$8.9M$36.2M300xas long as short
Derive HYPE-PERP+0.0017%1h93.381−0.112%$16.4M$7.1M10xas long as short
Gate HYPE_USDT+0.0024%4h93.454−0.034%$44.2M$56.3M75xas long as short
Bybit HYPEUSDT+0.0039%8h93.460−0.027%$325.7M$287.8M75xas long as short
Phoenix HYPE+0.0068%1h93.408−0.083%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0076%4h93.457−0.030%$180K$536K20xas long as short
ApeX Omni HYPEUSDT+0.0092%1h93.318−0.179%$405K$1.1M50xas long as short
Lighter HYPE+0.0096%1h93.476−0.010%$18.5M$59.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.457−0.030%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.448−0.040%$56K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.500+0.016%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.418−0.072%$6.0M$44.3M10xas long as short
Hyperliquid HYPE+0.0100%1h93.475−0.011%$2.04B$669.1M10xas long as short
Pacifica HYPEshort+0.0100%1h93.456−0.031%$10.0M$14.5M20x
Binance HYPEUSDT+0.0100%4h93.447−0.041%$386.0M$888.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.459−0.028%$114.8M$315.6M50xas long as short
Arcus HYPE-USD+0.0100%1h93.433−0.056%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.335−0.161%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.450−0.038%$93.1M$81.9M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.403−0.088%$46.3M$19.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.450−0.038%$227.0M$102.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.452−0.036%$54.3Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.423−0.067%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.295−0.203%$28.8M$49.8Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.407−0.084%$7.5M$46.2M10xas long as short
StandX HYPE-USD+0.0100%1h93.504+0.020%$676K$2.4M20xas long as short
Vest HYPE-PERPlong+0.0100%1h93.486long leg$454K5x
Polymarket Perps HYPE-USD+0.0100%1h93.471−0.016%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.424−0.066%$76K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h93.469−0.018%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.409−0.082%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.397−0.095%$12.7M$2.6M50xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.483−0.003%$339K$171K20xas long as short
Extended HYPE-USD+0.0104%1h93.447−0.042%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.462−0.026%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0108%4h93.395−0.097%$5.1M$29.5M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.570+0.090%$4.9M$5.7M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0242%1h93.529+0.047%$7.4M$4.6M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.426−0.063%$77K$157K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.360−0.134%$30K$231K12xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.466−0.021%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.408−0.083%$17.1M$12.5M75xas long as short
HTX HYPE-USDT+0.0391%4h93.650+0.176%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.518+0.035%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.501+0.016%$19.2M$25.9M50xas long as short