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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0560%/8h= +61.3% APRnext payment +$0.70 per $10,000 · paid last 24h −0.001%
Price spread now: Pacifica against Aftermath Perps+0.269%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 airdropPacifica: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Pacifica is 0.269% dearer against Aftermath Perps than usual: you sell high and buy low: +$27 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps HYPEUSD93.968−0.0460get 0.0057% / 1h48m 38s$22K$22K10x
ShortPacifica HYPE94.2200.0100get 0.0013% / 1h48m 38s$10.2M$14.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$117.6
Price spread: +0.269% → 0.000%
$26.89
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$127.49
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Aftermath Perps: no order-book sample; Pacifica: live order book, just now. 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 Pacifica live order book, just now0.05 bp4.9 bp −$5doesn't fitdoesn't fitdoesn'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−0.0608%1h94.035+0.071%$199K$230K7xas long as short
Aftermath Perps HYPEUSDlong−0.0460%1h93.968long leg$22K$22K10x
Arcus HYPE-USD−0.0233%1h94.106+0.147%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.129+0.172%$3K$33125xas long as short
dYdX HYPE-USD0.0000%1h94.189+0.236%$128K$30K5xas long as short
Perpl HYPE0.0000%43m94.114+0.156%$23K$329K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h94.180+0.226%$27K150xas long as short
Phoenix HYPE+0.0009%1h94.176+0.222%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0013%4h94.134+0.177%$176K$526K20xas long as short
Bybit HYPEUSDT+0.0022%8h94.166+0.211%$324.9M$281.3M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0040%4h94.230+0.279%$9.0M$35.8M300xas long as short
Ondo Perps HYPE-USD.P+0.0059%1h94.020+0.056%$704K$907K10xas long as short
Phemex HYPEUSDT+0.0062%8h94.101+0.142%$12.8M$2.6M50xas long as short
Gate HYPE_USDT+0.0074%4h94.226+0.275%$44.4M$58.1M75xas long as short
MEXC HYPE_USDT+0.0074%4h94.196+0.243%$88.2M$80.9M100xas long as short
Binance HYPEUSDT+0.0076%4h94.223+0.271%$386.1M$889.2M75xas long as short
01 Exchange HYPEUSD+0.0080%1h94.124+0.166%$86K$364K20xas long as short
Derive HYPE-PERP+0.0095%1h94.085+0.125%$16.5M$6.9M10xas long as short
edgeX HYPEUSDC+0.0095%4h94.085+0.125%$5.1M$29.8M30xas long as short
Lighter HYPE+0.0096%1h94.232+0.282%$19.1M$59.2M20xas long as short
Lighter RH HYPE+0.0096%1h94.225+0.274%$3.1M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.135+0.178%$64K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0099%8h94.195+0.242%$342K$171K20xas long as short
Katana Perps HYPE-USD+0.0100%8h94.120+0.162%$29K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h94.109+0.151%$5.8M$44.2M10xas long as short
Pacifica HYPEshort+0.0100%1h94.220+0.269%$10.2M$14.5M20x
OKX HYPE-USDT-SWAP+0.0100%8h94.171+0.216%$116.1M$319.0M50xas long as short
Bulk HYPE-USD+0.0100%1h94.095+0.136%$205K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.211+0.259%$47.3M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h94.183+0.229%$228.1M$102.7M75xas long as short
BingX HYPE-USDT+0.0100%4h94.225+0.274%$54.0Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.193+0.240%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h94.073+0.112%$32.2M$53.1Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.128+0.171%$7.6M$45.4M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.127+0.170%$336K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h94.082+0.122%$680K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h94.169+0.214%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.190+0.237%$486K$2.5M20xas long as short
Bullet HYPE-USD+0.0100%1h94.160+0.205%$113K$578K20xas long as short
Bluefin HYPE-PERP+0.0100%1h94.128+0.171%$76K$166K20xas long as short
SunX HYPE-USDT+0.0100%4h94.193+0.240%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.160+0.205%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.090+0.130%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h94.200+0.247%$18.7M$42.0M50xas long as short
Aevo HYPE-PERP+0.0104%1h94.166+0.211%$401K$318K20xas long as short
Kalshi KXHYPEPERP+0.0124%8h94.192+0.239%$1.9M$5.0M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h94.190+0.237%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0231%4h94.317+0.372%$1.5M$7.7M75xas long as short
Reya HYPERUSDPERP+0.0248%1h94.160+0.204%$77K$142K15xas long as short
RISEx HYPE/USDC+0.0284%1h94.166+0.211%$2.8M$6.8M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0302%1h94.244+0.294%$7.4M$4.5M50xas long as short
BloFin HYPE-USDT+0.0303%4h94.117+0.159%$17.0M$12.3M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0341% / S −0.0165%1h94.145+0.189%$1.4M100xas long as short
Kraken Futures PF_HYPEUSD+0.0576%1h94.256+0.307%$21.1M$29.1M50xas long as short
Hyperliquid HYPE+0.0714%1h94.302+0.356%$2.06B$667.5M10xas long as short