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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0172%/8h= +18.8% APRnext payment +$0.21 per $10,000 · paid last 24h +0.015%
Price spread now: gTrade (Gains Network) against Aftermath Perps−0.006%7-day average · 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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps HYPEUSD94.256−0.0171get 0.0021% / 1h1m 34s$22K$21K10x
ShortgTrade (Gains Network) HYPE/USD94.250L +0.0002% / S 0.0000%get 0.0000% / 1h1m 34s$117K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Aftermath Perps. 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
$36.08
Price spread: −0.006% → 0.000%
−$0.62
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
$16.46
Costs to cover
0.190%
Break-even
3.8 days
Slippage unknown: Aftermath Perps: no order-book sample; gTrade (Gains Network): virtual book (oracle venue), 7 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 Aftermath Perps no order-book sample
Sell gTrade (Gains Network) virtual book (oracle venue), 7 min ago130.01 bp135.0 bp −$135135.0 bp −$1,3501364.4 bp −$136.4Kdoesn't fit
Aftermath Perps: 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−0.1088%1h94.070−0.198%$201K$235K7xas long as short
Aftermath Perps HYPEUSDlong−0.0171%1h94.256long leg$22K$21K10x
Ondo Perps HYPE-USD.P−0.0098%1h94.130−0.133%$709K$1.2M10xas long as short
Bluefin HYPE-PERP−0.0086%1h94.176−0.085%$80K$155K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.214−0.044%$3K$33125xas long as short
Bullet HYPE-USD−0.0078%1h94.223−0.035%$111K$578K20xas long as short
01 Exchange HYPEUSD−0.0056%1h94.143−0.120%$87K$366K20xas long as short
Orderly PERP_HYPE_USDC−0.0008%4h94.186−0.074%$146K$685K20xas long as short
Bybit HYPEUSDT−0.0007%8h94.130−0.133%$317.2M$289.5M75xas long as short
BingX HYPE-USDT−0.0006%4h94.155−0.107%$53.5Mas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX HYPE-USD0.0000%1h94.263+0.007%$129K$26K5xas long as short
Kalshi KXHYPEPERP0.0000%8h94.292+0.038%$1.8M$5.6M2.3xas long as short
Perpl HYPE0.0000%43m94.242−0.014%$19K$287K10xas long as short
Derive HYPE-PERP+0.0001%1h94.110−0.155%$16.4M$7.5M10xas long as short
gTrade (Gains Network) HYPE/USDshortL +0.0002% / S 0.0000%1h94.250−0.006%$117K150x
Phoenix HYPE+0.0017%1h94.230−0.027%$206K$1.1M10xas long as short
Bitget HYPEUSDT+0.0046%4h94.134−0.129%$226.4M$100.0M75xas long as short
Phemex HYPEUSDT+0.0054%8h94.205−0.054%$12.9M$2.9M50xas long as short
Paradex HYPE-USD-PERP+0.0063%8h94.200−0.059%$337K$156K20xas long as short
edgeX HYPEUSDC+0.0082%4h94.160−0.102%$5.0M$30.8M30xas long as short
Arcus HYPE-USD+0.0084%1h94.129−0.135%$1.0M$3.5M10xas long as short
OKX HYPE-USDT-SWAP+0.0091%8h94.146−0.117%$116.8M$321.4M50xas long as short
Lighter HYPE+0.0096%1h94.182−0.078%$16.3M$64.5M20xas long as short
Lighter RH HYPE+0.0096%1h94.192−0.068%$3.2M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.137−0.126%$79K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h94.160−0.102%$14K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h94.136−0.127%$7.3M$50.9M10xas long as short
Hyperliquid HYPE+0.0100%1h94.281+0.027%$2.07B$688.7M10xas long as short
Aster HYPEUSDT+0.0100%4h94.154−0.108%$8.8M$37.2M300xas long as short
Pacifica HYPE+0.0100%1h94.197−0.063%$10.1M$15.5M20xas long as short
Binance HYPEUSDT+0.0100%4h94.139−0.124%$376.8M$932.6M75xas long as short
Bulk HYPE-USD+0.0100%1h94.183−0.077%$217K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h94.169−0.092%$49.4M$57.2M75xas long as short
MEXC HYPE_USDT+0.0100%4h94.168−0.093%$89.6M$85.5M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.178−0.083%$46.9M$18.6M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.177−0.084%$7.6M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h94.239−0.018%$29.1M$55.3Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.203−0.056%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.175−0.086%$347K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h94.233−0.024%$681K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h94.286+0.032%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.249−0.007%$495K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h94.314+0.062%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.199−0.060%$2.1M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h94.391+0.143%$1.4M$6.8M75xas long as short
Extended HYPE-USD+0.0104%1h94.116−0.148%$18.3M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h94.210−0.049%$398K$159K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h94.240−0.017%$4.7M$6.2M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0151% / S +0.0023%1h94.262+0.006%$1.4M100xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.150−0.112%$30K$340K12xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0227%1h94.297+0.044%$7.5M$4.3M50xas long as short
Reya HYPERUSDPERP+0.0272%1h94.201−0.058%$82K$134K15xas long as short
BloFin HYPE-USDT+0.0340%4h94.215−0.043%$17.0M$12.3M75xas long as short
Kraken Futures PF_HYPEUSD+0.0413%1h94.264+0.008%$20.2M$30.3M50xas long as short
RISEx HYPE/USDC+0.0559%1h94.271+0.016%$3.2M$6.4M20xas long as short