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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0184%/8h= +20.2% APRnext payment +$0.23 per $10,000 · paid last 24h −0.030%
Price spread now: Hotstuff against Aftermath Perps+0.110%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hotstuff is 0.110% dearer against Aftermath Perps than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps HYPEUSD92.838−0.0264get 0.0033% / 1h53m 54s$22K$21K10x
ShortHotstuff HYPE-PERP92.941−0.0080pay 0.0010% / 1h53m 54s$3K$33125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff 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
$38.69
Price spread: +0.110% → 0.000%
$11.04
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
$35.73
Costs to cover
0.140%
Break-even
0.5 days
Slippage unknown: Aftermath Perps: no order-book sample; Hotstuff: 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 Aftermath Perps no order-book sample
Sell Hotstuff no order-book sample
Aftermath Perps and Hotstuff: 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−0.0528%1h92.732−0.115%$193K$228K7xas long as short
Aftermath Perps HYPEUSDlong−0.0264%1h92.838long leg$22K$21K10x
Arcus HYPE-USD−0.0194%1h92.917+0.085%$1.1M$3.9M10xas long as short
ApeX Omni HYPEUSDT−0.0091%1h92.784−0.059%$350K$1.0M50xas long as short
Hotstuff HYPE-PERPshort−0.0080%1h92.941+0.110%$3K$33125x
Gate HYPE_USDT−0.0064%4h92.861+0.024%$44.5M$53.6M75xas long as short
Orderly PERP_HYPE_USDC−0.0063%4h92.800−0.041%$157K$653K20xas long as short
dYdX HYPE-USD0.0000%1h92.965+0.137%$127K$29K5xas long as short
Kalshi KXHYPEPERP0.0000%8h92.977+0.149%$1.8M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m92.902+0.068%$22K$301K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.892+0.058%$62K150xas long as short
Phemex HYPEUSDT+0.0030%8h92.815−0.025%$12.5M$2.7M50xas long as short
Bybit HYPEUSDT+0.0038%8h92.900+0.066%$316.4M$282.0M75xas long as short
Phoenix HYPE+0.0043%1h92.888+0.053%$210K$1.2M10xas long as short
01 Exchange HYPEUSD+0.0056%1h92.963+0.134%$87K$362K20xas long as short
Aster HYPEUSDT+0.0072%4h92.887+0.052%$8.7M$36.2M300xas long as short
Ondo Perps HYPE-USD.P+0.0082%1h92.800−0.041%$697K$1.1M10xas long as short
Bitget HYPEUSDT+0.0082%4h92.906+0.073%$224.9M$98.8M75xas long as short
edgeX HYPEUSDC+0.0088%4h92.755−0.090%$4.9M$29.5M30xas long as short
Bullet HYPE-USD+0.0093%1h92.864+0.028%$111K$579K20xas long as short
Lighter HYPE+0.0096%1h92.859+0.022%$16.0M$62.2M20xas long as short
Lighter RH HYPE+0.0096%1h92.863+0.026%$3.1M$11.6M20xas long as short
Popdex HYPEUSDT+0.0096%1h92.926+0.094%$69K$1.1M50xas long as short
Paradex HYPE-USD-PERP+0.0096%8h92.967+0.139%$339K$163K20xas long as short
Katana Perps HYPE-USD+0.0099%8h92.920+0.088%$39K$1.7M10xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h92.911+0.078%$113.8M$304.3M50xas long as short
Nado HYPE-PERP+0.0100%1h92.915+0.083%$7.5M$45.8M10xas long as short
Hyperliquid HYPE+0.0100%1h92.907+0.074%$2.02B$663.5M10xas long as short
Pacifica HYPE+0.0100%1h92.969+0.140%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h92.910+0.077%$373.7M$903.6M75xas long as short
Bulk HYPE-USD+0.0100%1h92.942+0.111%$202K$13K10xas long as short
MEXC HYPE_USDT+0.0100%4h92.911+0.078%$88.2M$79.8M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.919+0.087%$46.1M$18.4M75xas long as short
BingX HYPE-USDT+0.0100%4h92.903+0.070%$53.9Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.866+0.030%$7.3M$11.3M20xas long as short
Variational Omni HYPE+0.0100%8h92.709−0.140%$28.4M$57.4Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.766−0.078%$7.5M$46.3M10xas long as short
StandX HYPE-USD+0.0100%1h92.833−0.006%$667K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h92.939+0.109%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.950+0.120%$469K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.833−0.006%$79K$168K20xas long as short
Derive HYPE-PERP+0.0100%1h92.811−0.030%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h92.937+0.106%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.827−0.012%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h92.995+0.169%$1.4M$6.3M75xas long as short
Extended HYPE-USD+0.0104%1h92.879+0.044%$18.1M$43.5M50xas long as short
Aevo HYPE-PERP+0.0104%1h92.826−0.013%$392K$164K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.010+0.185%$4.7M$5.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0197%1h92.913+0.080%$20.6M$30.4M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h92.760−0.085%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0264%1h92.865+0.028%$79K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h92.880+0.045%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h92.910+0.077%$16.8M$11.7M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0375%1h92.922+0.090%$7.5M$4.5M50xas long as short
RISEx HYPE/USDC+0.0598%1h93.010+0.185%$3.2M$6.4M20xas long as short