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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.02 per $10,000 · paid last 24h −0.010%
Price spread now: Vest against Aevo+0.116%7-day average · you sell dearer than you buy
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVest: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Vest is 0.116% dearer against Aevo than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo HYPE-PERP95.0220.0088pay 0.0011% / 1h25m 21s$402K$115K20x
ShortVest HYPE-PERP95.1320.0100get 0.0013% / 1h25m 21s$80K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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
$2.52
Price spread: +0.116% → 0.000%
$11.59
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Vest: 1 bp × 2 orders
−$2
Net
−$3.89
Costs to cover
0.180%
Break-even
17.8 days
Slippage unknown: Aevo: live order book, 17 min ago; Vest: no order-book sample. 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 Aevo live order book, 17 min ago8.36 bp17.7 bp −$1821.2 bp −$21225.3 bp −$2,533doesn't fit
Sell Vest no order-book sample
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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_HYPEUSD−0.0281%1h95.042+0.022%$18.2M$31.7M50xas long as short
Phemex HYPEUSDT−0.0253%8h95.055+0.035%$13.0M$2.2M50xas long as short
Bluefin HYPE-PERP−0.0207%1h94.993−0.030%$79K$131K20xas long as short
Ondo Perps HYPE-USD.P−0.0107%1h95.000−0.023%$678K$1.2M10xas long as short
Aster HYPEUSDT−0.0107%4h95.046+0.025%$8.9M$33.7M300xas long as short
Hotstuff HYPE-PERP−0.0080%1h95.121+0.105%$3K$42125xas long as short
Orderly PERP_HYPE_USDC−0.0080%4h95.007−0.015%$147K$639K20xas long as short
Aftermath Perps HYPEUSD−0.0069%1h95.164+0.150%$22K$17K10xas long as short
01 Exchange HYPEUSD−0.0064%1h95.040+0.019%$102K$350K20xas long as short
Coinbase International HYPE-PERP-INTX−0.0064%1h95.030+0.009%$4.8M$5.3M50xas long as short
Show all 55 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HYPE_USDT−0.0056%4h95.050+0.030%$56.5M$53.1M75xas long as short
OKX HYPE-USDT-SWAP−0.0050%8h95.023+0.002%$118.7M$301.2M50xas long as short
Lighter HYPE−0.0040%1h95.007−0.015%$16.6M$55.7M20xas long as short
Bitget HYPEUSDT−0.0022%4h95.037+0.016%$229.9M$85.8M75xas long as short
Phoenix HYPE−0.0017%1h95.182+0.169%$196K$1.1M10xas long as short
Bullet HYPE-USD−0.0003%1h95.057+0.037%$113K$582K20xas long as short
Perpl HYPE0.0000%43m95.088+0.070%$24K$248K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h95.068+0.049%$99K150xas long as short
edgeX HYPEUSDC+0.0011%4h95.078+0.059%$5.1M$28.2M30xas long as short
Backpack HYPE_USDC_PERP+0.0019%1h95.097+0.079%$6.8M$12.3M20xas long as short
MEXC HYPE_USDT+0.0030%4h95.048+0.028%$88.7M$83.6M100xas long as short
Binance HYPEUSDT+0.0030%4h94.999−0.023%$383.9M$840.8M75xas long as short
Derive HYPE-PERP+0.0033%1h94.981−0.043%$16.4M$5.7M10xas long as short
dYdX HYPE-USD+0.0034%1h95.114+0.098%$128K$96K5xas long as short
BingX HYPE-USDT+0.0036%4h95.053+0.033%$51.0Mas long as short
Bybit HYPEUSDT+0.0038%8h95.041+0.020%$321.4M$260.7M75xas long as short
KuCoin HYPEUSDTM+0.0056%4h95.056+0.036%$47.6M$17.7M75xas long as short
Aevo HYPE-PERPlong+0.0088%1h95.022long leg$402K$115K20x
Paradex HYPE-USD-PERP+0.0095%8h95.136+0.120%$339K$30K20xas long as short
Lighter RH HYPE+0.0096%1h95.009−0.013%$3.3M$9.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h95.041+0.020%$291K$1.0M50xas long as short
Katana Perps HYPE-USD+0.0100%8h95.020−0.002%$38K$1.5M10xas long as short
Nado HYPE-PERP+0.0100%1h95.108+0.092%$7.1M$49.8M10xas long as short
Hyperliquid HYPE+0.0100%1h95.116+0.099%$2.11B$631.5M10xas long as short
Pacifica HYPE+0.0100%1h95.145+0.130%$10.2M$12.7M20xas long as short
Arcus HYPE-USD+0.0100%1h95.072+0.053%$1.1M$2.8M10xas long as short
Bulk HYPE-USD+0.0100%1h95.309+0.302%$229K$20K10xas long as short
Variational Omni HYPE+0.0100%8h95.099+0.081%$30.0M$52.2Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h95.151+0.136%$7.7M$40.9M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h95.128+0.112%$334K$922K50xas long as short
StandX HYPE-USD+0.0100%1h95.136+0.120%$692K$2.7M20xas long as short
Vest HYPE-PERPshort+0.0100%1h95.132+0.116%$80K5x
Polymarket Perps HYPE-USD+0.0100%1h95.057+0.037%$486K$2.3M20xas long as short
SunX HYPE-USDT+0.0100%4h95.098+0.080%$32K$1.3M20xas long as short
SoDEX HYPE-USD+0.0100%1h95.037+0.016%$2.1M$332K10xas long as short
HTX HYPE-USDT+0.0100%4h95.138+0.123%$1.4M$5.1M75xas long as short
Extended HYPE-USD+0.0104%1h95.003−0.019%$18.2M$36.5M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0118%1h95.117+0.100%$7.6M$4.2M50xas long as short
BloFin HYPE-USDT+0.0121%4h95.024+0.003%$17.7M$11.3M75xas long as short
Kalshi KXHYPEPERP+0.0132%8h95.169+0.155%$1.8M$5.0M2.3xas long as short
RISEx HYPE/USDC+0.0138%1h95.063+0.044%$3.2M$5.1M20xas long as short
Reya HYPERUSDPERP+0.0267%1h95.016−0.006%$84K$92K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0327% / S −0.0152%1h95.062+0.043%$1.4M100xas long as short
Hibachi HYPE/USDT-P+0.0728%1h95.142+0.127%$215K$266K7xas long as short
Injective HYPE/USDC PERP+0.1234%1h95.420+0.419%$31K$334K12xas long as short