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 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.024%
Price spread now: OKX against Aevo+0.012%50s7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$430.430% of the position
Long on AevoShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.073%−$7 on $10k
Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.012%, 7d avg −0.019%
Together, before fees−0.076%−$8 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: OKX is 0.032% dearer against Aevo than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.019%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo HYPE-PERP93.6220.0104pay 0.0013% / 1h47m 36s$396K$159K20x
ShortOKX HYPE-USDT-SWAP93.6340.0100get 0.0100% / 8h1h 47m$115.7M$316.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: +0.012% → −0.019%
$3.16
Slippage, 4 orders
−$17.01
Fee Aevo: 8 bp × 2 orders
−$16
Fee OKX: 5 bp × 2 orders
−$10
Net
−$40.7
Costs to cover
0.430%
Break-even
never at this rate
Slippage from Aevo: live order book, 61 min ago; OKX: 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 Aevo live order book, 61 min ago7.18 bp15.4 bp −$1517.9 bp −$17923.3 bp −$2,333doesn't fit
Sell OKX live order book, 1 min ago0.05 bp6.4 bp −$68.5 bp −$8518.3 bp −$1,833doesn't fit

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−0.1136%1h93.719+0.104%$199K$242K7xas long as short
Aftermath Perps HYPEUSD−0.0243%1h93.808+0.198%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0128%1h93.610−0.013%$706K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.621−0.001%$3K$33125xas long as short
Bullet HYPE-USD−0.0065%1h93.618−0.005%$111K$580K20xas long as short
01 Exchange HYPEUSD−0.0064%1h93.678+0.059%$86K$370K20xas long as short
Bluefin HYPE-PERP−0.0035%1h93.612−0.011%$79K$156K20xas long as short
Orderly PERP_HYPE_USDC−0.0020%4h93.610−0.013%$145K$685K20xas long as short
dYdX HYPE-USD0.0000%1h93.698+0.081%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.624+0.002%$21K$287K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.657+0.038%$63K—150xas long as short
BingX HYPE-USDT+0.0006%4h93.662+0.042%—$53.7M—as long as short
Bybit HYPEUSDT+0.0009%8h93.633+0.011%$316.3M$288.0M75xas long as short
Phoenix HYPE+0.0017%1h93.780+0.168%$210K$1.1M10xas long as short
Bitget HYPEUSDT+0.0040%4h93.673+0.054%$225.6M$99.5M75xas long as short
Phemex HYPEUSDT+0.0074%8h93.656+0.036%$12.8M$2.8M50xas long as short
edgeX HYPEUSDC+0.0082%4h93.648+0.027%$5.0M$30.6M30xas long as short
Paradex HYPE-USD-PERP+0.0083%8h93.705+0.089%$335K$161K20xas long as short
Arcus HYPE-USD+0.0084%1h93.590−0.035%$1.0M$4.0M10xas long as short
Derive HYPE-PERP+0.0092%1h93.587−0.038%$16.3M$7.4M10xas long as short
Lighter HYPE+0.0096%1h93.681+0.063%$16.2M$63.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.681+0.063%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.654+0.034%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.660+0.040%$22K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.606−0.018%$7.4M$50.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.770+0.158%$2.05B$682.7M10xas long as short
Aster HYPEUSDT+0.0100%4h93.661+0.041%$8.9M$37.3M300xas long as short
Pacifica HYPE+0.0100%1h93.690+0.072%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.666+0.047%$375.3M$930.5M75xas long as short
OKX HYPE-USDT-SWAPshort+0.0100%8h93.634+0.012%$115.7M$316.2M50x
Gate HYPE_USDT+0.0100%4h93.659+0.039%$48.4M$55.0M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.672+0.053%$88.8M$83.3M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.664+0.045%$46.3M$18.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.648+0.027%$7.2M$10.8M20xas long as short
Variational Omni HYPE+0.0100%8h93.670+0.050%$28.6M$56.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.726+0.111%$7.6M$48.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.674+0.055%$347K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.679+0.061%$679K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.685+0.067%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.633+0.011%$470K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.681+0.063%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.632+0.010%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.799+0.189%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.731+0.116%$216K$15K10xas long as short
Kalshi KXHYPEPERP+0.0104%8h93.690+0.072%$1.8M$5.6M2.3xas long as short
Extended HYPE-USD+0.0104%1h93.629+0.007%$18.2M$43.3M50xas long as short
Aevo HYPE-PERPlong+0.0104%1h93.622long leg$396K$159K20x
Coinbase International HYPE-PERP-INTX+0.0120%1h93.680+0.062%$4.7M$6.1M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.670+0.051%$30K$339K12xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0262%1h93.715+0.099%$7.4M$4.2M50xas long as short
Reya HYPERUSDPERP+0.0271%1h93.602−0.022%$77K$130K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h93.664+0.045%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.600−0.024%$17.0M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0415%1h93.702+0.085%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.702+0.085%$3.2M$6.4M20xas long as short