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+0.0294%/8h= +32.2% APRnext payment +$0.37 per $10,000 · paid last 24h +0.043%
Price spread now: SoDEX against Aftermath Perps+0.067%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 feesneeds both histories
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and SoDEX is 0.067% dearer against Aftermath Perps than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps HYPEUSD93.498−0.0194get 0.0024% / 1h29m 59s$22K$21K10x
ShortSoDEX HYPE-USD93.5600.0100get 0.0013% / 1h29m 59s$2.0M$1.9M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$61.69
Price spread: +0.067% → 0.000%
$6.66
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$51.35
Costs to cover
0.170%
Break-even
1.2 days
Slippage unknown: Aftermath Perps: no order-book sample; SoDEX: live order book, 4 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 SoDEX live order book, 4 min ago0.64 bp6.8 bp −$713.2 bp −$132doesn'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−0.1000%1h93.453−0.048%$198K$240K7xas long as short
Aftermath Perps HYPEUSDlong−0.0194%1h93.498long leg$22K$21K10x
Ondo Perps HYPE-USD.P−0.0087%1h93.420−0.083%$703K$1.2M10xas long as short
Bullet HYPE-USD−0.0086%1h93.533+0.037%$111K$579K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.493−0.005%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0048%1h93.558+0.065%$86K$369K20xas long as short
Orderly PERP_HYPE_USDC−0.0021%4h93.537+0.042%$145K$685K20xas long as short
Bluefin HYPE-PERP−0.0017%1h93.544+0.050%$79K$155K20xas long as short
dYdX HYPE-USD0.0000%1h93.519+0.023%$128K$26K5xas long as short
Bybit HYPEUSDT0.0000%8h93.540+0.045%$315.7M$287.9M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.513+0.017%$20K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.520+0.024%$83K150xas long as short
BingX HYPE-USDT+0.0002%4h93.544+0.050%$53.5Mas long as short
Derive HYPE-PERP+0.0007%1h93.302−0.209%$16.2M$7.5M10xas long as short
Phoenix HYPE+0.0017%1h93.508+0.011%$209K$1.1M10xas long as short
Bitget HYPEUSDT+0.0046%4h93.558+0.065%$225.4M$99.6M75xas long as short
Paradex HYPE-USD-PERP+0.0076%8h93.565+0.072%$334K$161K20xas long as short
Arcus HYPE-USD+0.0084%1h93.504+0.007%$1.0M$4.0M10xas long as short
edgeX HYPEUSDC+0.0084%4h93.440−0.061%$5.0M$30.6M30xas long as short
Phemex HYPEUSDT+0.0093%8h93.557+0.063%$12.8M$2.8M50xas long as short
Lighter HYPE+0.0096%1h93.557+0.063%$16.1M$64.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.560+0.067%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.525+0.029%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.510+0.013%$21K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.510+0.014%$7.5M$50.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.634+0.146%$2.05B$682.4M10xas long as short
Aster HYPEUSDT+0.0100%4h93.561+0.068%$8.8M$37.0M300xas long as short
Pacifica HYPE+0.0100%1h93.547+0.053%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.563+0.070%$374.4M$929.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.545+0.051%$115.4M$315.1M50xas long as short
Gate HYPE_USDT+0.0100%4h93.550+0.056%$48.6M$55.3M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.559+0.066%$90.4M$84.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.549+0.055%$46.3M$18.7M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.561+0.068%$7.2M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.449−0.052%$28.7M$56.3Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.469−0.031%$7.5M$48.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.494−0.004%$354K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.466−0.034%$677K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h93.584+0.093%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.570+0.077%$470K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.584+0.092%$32K$1.6M20xas long as short
SoDEX HYPE-USDshort+0.0100%1h93.560+0.067%$2.0M$1.9M10x
HTX HYPE-USDT+0.0100%4h93.700+0.216%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.438−0.064%$216K$15K10xas long as short
Kalshi KXHYPEPERP+0.0104%8h93.542+0.047%$1.8M$5.6M2.3xas long as short
Extended HYPE-USD+0.0104%1h93.530+0.034%$18.2M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.549+0.055%$395K$159K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.600+0.109%$4.7M$6.1M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0152% / S +0.0022%1h93.515+0.019%$1.4M100xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.460−0.040%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0271%1h93.543+0.049%$77K$129K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0284%1h93.642+0.154%$7.5M$4.2M50xas long as short
BloFin HYPE-USDT+0.0340%4h93.489−0.009%$16.9M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0415%1h93.626+0.137%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.563+0.070%$3.2M$6.4M20xas long as short