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−0.0004%/8h= −0.4% APRpaid last 24h −0.015%
Price spread now: BingX against Aevo−0.018%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$400.404% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.093%−$9 on $10k
Price spread, last 3 days (all we have)+0.029%+$3 · spread now −0.018%, 7d avg −0.016%
Together, before fees−0.064%−$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo HYPE-PERP93.3110.0104pay 0.0013% / 1h8m 12s$397K$318K20x
ShortBingX HYPE-USDT93.2940.0100get 0.0050% / 4h2h 08m$54.1M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Aevo. 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
−$0.84
Price spread: −0.018% → −0.016%
−$0.21
Slippage, 4 orders
−$14.42
Fee Aevo: 8 bp × 2 orders
−$16
Fee BingX: 5 bp × 2 orders
−$10
Net
−$41.47
Costs to cover
0.404%
Break-even
never at this rate
Slippage from Aevo: live order book, 16 min ago; BingX: live order book, 16 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 Aevo live order book, 16 min ago4.37 bp17.1 bp −$1720.7 bp −$20725.7 bp −$2,574doesn't fit
Sell BingX live order book, 16 min ago0.11 bp5.1 bp −$56.2 bp −$6210.1 bp −$1,01114.4 bp −$7,208

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−0.0896%1h93.344+0.035%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0254%1h93.424+0.122%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0230%1h93.240−0.076%$700K$931K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.323+0.013%$90K$356K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.296−0.016%$3K$33125xas long as short
Derive HYPE-PERP−0.0035%1h93.258−0.056%$16.4M$7.1M10xas long as short
Bullet HYPE-USD−0.0022%1h93.304−0.008%$110K$580K20xas long as short
dYdX HYPE-USD0.0000%1h93.383+0.077%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.278−0.036%$23K$334K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.340+0.031%$20K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0009%4h93.300−0.012%$8.9M$35.8M300xas long as short
Bybit HYPEUSDT+0.0029%8h93.293−0.019%$324.9M$287.2M75xas long as short
Gate HYPE_USDT+0.0030%4h93.293−0.019%$43.9M$57.8M75xas long as short
Popdex HYPEUSDT+0.0032%1h93.305−0.006%$58K$1.2M50xas long as short
Orderly PERP_HYPE_USDC+0.0054%4h93.327+0.017%$165K$539K20xas long as short
Phoenix HYPE+0.0068%1h93.605+0.315%$216K$1.2M10xas long as short
SoDEX HYPE-USD+0.0090%1h93.304−0.007%$2.0M$2.0M10xas long as short
Lighter HYPE+0.0096%1h93.341+0.033%$18.6M$59.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.333+0.024%$3.1M$12.4M20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.323+0.013%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.320+0.010%$37K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.305−0.007%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.396+0.091%$2.03B$670.5M10xas long as short
Pacifica HYPE+0.0100%1h93.321+0.011%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.3110.000%$385.1M$889.8M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.291−0.021%$114.6M$315.0M50xas long as short
Arcus HYPE-USD+0.0100%1h93.284−0.029%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.285−0.028%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.306−0.005%$93.1M$82.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.308−0.003%$46.1M$18.8M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.319+0.009%$226.7M$102.6M75xas long as short
BingX HYPE-USDTshort+0.0100%4h93.294−0.018%$54.1M
Backpack HYPE_USDC_PERP+0.0100%1h93.305−0.006%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.263−0.052%$29.1M$50.2Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.3110.000%$7.5M$45.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.267−0.047%$405K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.324+0.014%$675K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.330+0.020%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.341+0.032%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.299−0.013%$75K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.358+0.050%$32K$1.6M20xas long as short
Phemex HYPEUSDT+0.0100%8h93.343+0.034%$12.7M$2.6M50xas long as short
Kalshi KXHYPEPERP+0.0101%8h93.395+0.090%$1.9M$5.2M2.3xas long as short
Extended HYPE-USD+0.0104%1h93.293−0.019%$18.3M$41.4M50xas long as short
Aevo HYPE-PERPlong+0.0104%1h93.311long leg$397K$318K20x
edgeX HYPEUSDC+0.0115%4h93.290−0.023%$5.1M$29.4M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.390+0.085%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0246%1h93.304−0.007%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.910+0.642%$31K$291K12xas long as short
HTX HYPE-USDT+0.0292%4h93.469+0.169%$1.5M$7.7M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0328%1h93.420+0.117%$7.4M$4.6M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.346+0.038%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.271−0.043%$17.1M$12.4M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.369+0.062%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.430+0.128%$19.1M$26.2M50xas long as short