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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 02:00 UTC+0.0156%/8h= +17.1% APRnext payment +$0.20 per $10,000 · paid last 24h +0.028%
Price spread now: ApeX Omni against 01 Exchange−0.251%56s7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$310.308% of the position
Long on 01 ExchangeShort on ApeX Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.036%+$4 on $10k
Price spread, last 4 days (all we have)+0.949%+$95 · spread now −0.251%, 7d avg −0.022%
Together, before fees+0.985%+$98 on $10k · with fees, hour by hour
Funding pays, the price is against you. ApeX Omni is 0.229% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.251% now, against its 7-day average of −0.022%). If the spread goes back, that is −$23 on $10k: about 4.9 days of funding at the current rate (+$5 a day). At the pace of the last 3 days (+0.036% in total) that is about 22 days. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange HYPEUSD93.894−0.0056get 0.0007% / 1h27m 58s$85K$350K20x
ShortApeX Omni HYPEUSDT93.6580.0100get 0.0013% / 1h27m 58s$338K$1.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against 01 Exchange. 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
$32.76
Price spread: −0.251% → −0.022%
−$22.89
Slippage, 4 orders
−$13.82
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$20.95
Costs to cover
0.308%
Break-even
11.5 days
Slippage from 01 Exchange: live order book, 41 min ago; ApeX Omni: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange live order book, 41 min ago0.16 bp7.0 bp −$711.4 bp −$114doesn't fitdoesn't fit
Sell ApeX Omni live order book, 1 min ago2.51 bp8.8 bp −$912.1 bp −$121doesn't fitdoesn't fit

HYPE on 54 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−0.0912%1h93.720−0.185%$197K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.743−0.161%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0147%1h93.636−0.275%$22K$21K10xas long as short
Phemex HYPEUSDT−0.0137%8h93.909+0.016%$12.7M$2.7M50xas long as short
Ondo Perps HYPE-USD.P−0.0088%1h93.740−0.164%$701K$958K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.826−0.072%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0056%4h93.911+0.018%$157K$648K20xas long as short
01 Exchange HYPEUSDlong−0.0056%1h93.894long leg$85K$350K20x
Backpack HYPE_USDC_PERP−0.0045%1h93.914+0.021%$7.8M$10.3M20xas long as short
Gate HYPE_USDT−0.0044%4h93.952+0.062%$44.5M$54.9M75xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0005%4h93.945+0.054%$8.9M$35.9M300xas long as short
dYdX HYPE-USD0.0000%1h93.868−0.028%$129K$31K5xas long as short
Bybit HYPEUSDT0.0000%8h93.940+0.049%$322.7M$281.4M75xas long as short
Perpl HYPE0.0000%43m93.926+0.034%$22K$326K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.956+0.066%$26K—150xas long as short
BingX HYPE-USDT+0.0003%4h93.947+0.056%—$53.7M—as long as short
MEXC HYPE_USDT+0.0058%4h93.964+0.075%$88.1M$82.8M100xas long as short
edgeX HYPEUSDC+0.0059%4h93.654−0.255%$5.1M$30.1M30xas long as short
Phoenix HYPE+0.0060%1h93.705−0.201%$211K$1.2M10xas long as short
Bullet HYPE-USD+0.0064%1h93.911+0.018%$112K$578K20xas long as short
Binance HYPEUSDT+0.0065%4h93.964+0.075%$382.2M$895.5M75xas long as short
OKX HYPE-USDT-SWAP+0.0068%8h93.963+0.073%$115.5M$310.5M50xas long as short
Derive HYPE-PERP+0.0092%1h93.908+0.015%$16.3M$7.7M10xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.901+0.007%$341K$164K20xas long as short
Lighter HYPE+0.0096%1h93.972+0.083%$16.4M$62.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.969+0.080%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.877−0.018%$66K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.965+0.076%$400K$177K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.880−0.015%$21K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.828−0.070%$5.7M$45.1M10xas long as short
Hyperliquid HYPE+0.0100%1h94.072+0.190%$2.05B$671.4M10xas long as short
Pacifica HYPE+0.0100%1h93.876−0.019%$10.1M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.981+0.093%$46.6M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.965+0.076%$227.3M$98.6M75xas long as short
Variational Omni HYPE+0.0100%8h93.610−0.302%$31.0M$54.8M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.468−0.454%$7.5M$48.0M10xas long as short
ApeX Omni HYPEUSDTshort+0.0100%1h93.658−0.251%$338K$1.0M50x
StandX HYPE-USD+0.0100%1h93.837−0.061%$670K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.902+0.008%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.950+0.060%$470K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.929+0.037%$80K$172K20xas long as short
SunX HYPE-USDT+0.0100%4h93.933+0.042%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.957+0.067%$2.0M$1.9M10xas long as short
Bulk HYPE-USD+0.0100%1h93.348−0.582%$203K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.940+0.049%$18.3M$44.4M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h94.010+0.124%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.790−0.111%$30K$339K12xas long as short
RISEx HYPE/USDC+0.0210%1h93.923+0.031%$3.2M$7.0M20xas long as short
HTX HYPE-USDT+0.0220%4h94.050+0.166%$1.4M$5.9M75xas long as short
Reya HYPERUSDPERP+0.0255%1h93.904+0.010%$80K$140K15xas long as short
Kalshi KXHYPEPERP+0.0270%8h93.922+0.030%$1.9M$5.1M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0156%1h93.929+0.037%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0484%1h94.058+0.175%$7.5M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0678%1h94.051+0.167%$21.0M$29.7M50xas long as short