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+0.0652%/8h= +71.4% APRnext payment +$0.82 per $10,000 · paid last 24h +0.020%
Price spread now: Reya against Aftermath Perps+0.207%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 airdropReya: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Reya is 0.207% dearer against Aftermath Perps than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps HYPEUSD93.712−0.0403get 0.0050% / 1h18m 35s$22K$22K10x
ShortReya HYPERUSDPERP93.9060.0249get 0.0031% / 1h18m 35s$77K$142K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
$136.97
Price spread: +0.207% → 0.000%
$20.67
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Reya: 3 bp × 2 orders
−$6
Net
$142.64
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Aftermath Perps: no order-book sample; Reya: 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 Reya no order-book sample
Aftermath Perps and Reya: 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−0.1032%1h93.669−0.047%$198K$230K7xas long as short
Aftermath Perps HYPEUSDlong−0.0403%1h93.712long leg$22K$22K10x
Arcus HYPE-USD−0.0233%1h93.780+0.072%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.887+0.186%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0078%1h93.710−0.003%$704K$913K10xas long as short
01 Exchange HYPEUSD−0.0064%1h93.846+0.142%$86K$368K20xas long as short
Orderly PERP_HYPE_USDC−0.0001%4h93.930+0.232%$168K$586K20xas long as short
dYdX HYPE-USD0.0000%1h93.923+0.225%$128K$30K5xas long as short
Perpl HYPE0.0000%43m93.869+0.167%$23K$329K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.949+0.252%$26K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix HYPE+0.0009%1h93.610−0.109%$216K$1.2M10xas long as short
Aster HYPEUSDT+0.0019%4h93.929+0.231%$8.9M$36.0M300xas long as short
Bybit HYPEUSDT+0.0020%8h93.862+0.160%$322.8M$283.8M75xas long as short
Derive HYPE-PERP+0.0030%1h93.878+0.176%$16.4M$7.1M10xas long as short
MEXC HYPE_USDT+0.0054%4h93.875+0.173%$88.7M$82.0M100xas long as short
Phemex HYPEUSDT+0.0054%8h93.913+0.214%$12.8M$2.6M50xas long as short
Binance HYPEUSDT+0.0059%4h93.886+0.185%$383.3M$896.9M75xas long as short
edgeX HYPEUSDC+0.0070%4h93.483−0.245%$5.1M$29.7M30xas long as short
Gate HYPE_USDT+0.0076%4h93.879+0.178%$44.1M$59.8M75xas long as short
Popdex HYPEUSDT+0.0080%1h93.854+0.151%$59K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.927+0.229%$18.9M$60.3M20xas long as short
Lighter RH HYPE+0.0096%1h93.906+0.206%$3.0M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.936+0.238%$400K$318K20xas long as short
OKX HYPE-USDT-SWAP+0.0099%8h93.860+0.157%$115.8M$322.1M50xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.897+0.197%$341K$171K20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.830+0.125%$26K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.895+0.195%$5.7M$44.4M10xas long as short
Pacifica HYPE+0.0100%1h93.899+0.199%$10.1M$14.6M20xas long as short
Bulk HYPE-USD+0.0100%1h93.820+0.115%$205K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.887+0.186%$46.5M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.875+0.173%$227.4M$102.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.868+0.166%$54.1Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.963+0.267%$7.9M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.672−0.043%$31.1M$54.1Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.549−0.175%$7.5M$45.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.489−0.238%$358K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.696−0.018%$677K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.913+0.214%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.924+0.226%$471K$2.5M20xas long as short
Bullet HYPE-USD+0.0100%1h93.909+0.210%$112K$576K20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.929+0.231%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h93.965+0.269%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.928+0.230%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.744%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.848+0.144%$18.3M$42.9M50xas long as short
Hyperliquid HYPE+0.0117%1h93.968+0.273%$2.04B$679.0M10xas long as short
Kalshi KXHYPEPERP+0.0140%8h93.917+0.218%$1.9M$5.0M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.980+0.285%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0203%4h94.050+0.360%$1.5M$7.8M75xas long as short
BloFin HYPE-USDT+0.0222%4h93.922+0.224%$17.0M$12.6M75xas long as short
Reya HYPERUSDPERPshort+0.0249%1h93.906+0.207%$77K$142K15x
RISEx HYPE/USDC+0.0284%1h93.921+0.223%$2.8M$6.9M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0163%1h93.946+0.249%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0346%1h94.019+0.327%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0577%1h94.025+0.334%$21.0M$29.5M50xas long as short