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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.04 per $10,000 · paid last 24h +0.017%
Price spread now: 01 Exchange against Aftermath Perps+0.261%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 4 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 +$1 a day on $10k at the current rate, and 01 Exchange is 0.261% dearer against Aftermath Perps than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps HYPEUSD94.242−0.0148get 0.0018% / 1h18m 13s$22K$20K10x
Short01 Exchange HYPEUSD94.488−0.0112pay 0.0014% / 1h18m 13s$88K$367K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$7.54
Price spread: +0.261% → 0.000%
$26.1
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$17.64
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: Aftermath Perps: no order-book sample; 01 Exchange: live order book, 21 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 01 Exchange live order book, 21 min ago0.11 bp5.6 bp −$69.9 bp −$99doesn'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−0.1712%1h94.261+0.020%$202K$255K7xas long as short
Bluefin HYPE-PERP−0.0396%1h94.453+0.224%$80K$152K20xas long as short
Ondo Perps HYPE-USD.P−0.0214%1h94.300+0.061%$710K$1.2M10xas long as short
Bullet HYPE-USD−0.0208%1h94.443+0.213%$111K$576K20xas long as short
Aftermath Perps HYPEUSDlong−0.0148%1h94.242long leg$22K$20K10x
01 Exchange HYPEUSDshort−0.0112%1h94.488+0.261%$88K$367K20x
Hotstuff HYPE-PERP−0.0080%1h94.400+0.168%$3K$33125xas long as short
Derive HYPE-PERP−0.0061%1h94.393+0.160%$16.4M$7.5M10xas long as short
Arcus HYPE-USD−0.0045%1h94.422+0.191%$1.0M$3.6M10xas long as short
Lighter HYPE−0.0032%1h94.434+0.204%$16.4M$64.5M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX HYPE-USDT−0.0020%4h94.439+0.209%$52.7Mas long as short
Orderly PERP_HYPE_USDC−0.0009%4h94.440+0.210%$147K$686K20xas long as short
dYdX HYPE-USD0.0000%1h94.387+0.154%$129K$94K5xas long as short
Kalshi KXHYPEPERP0.0000%8h94.516+0.291%$1.9M$5.6M2.3xas long as short
Phoenix HYPE0.0000%1h94.117−0.133%$208K$1.1M10xas long as short
Perpl HYPE0.0000%43m94.468+0.240%$19K$287K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S 0.0000%1h94.489+0.262%$124K150xas long as short
Polymarket Perps HYPE-USD+0.0008%1h94.490+0.263%$498K$2.8M20xas long as short
Bybit HYPEUSDT+0.0017%8h94.425+0.194%$317.4M$289.3M75xas long as short
Bitget HYPEUSDT+0.0028%4h94.422+0.191%$226.9M$100.1M75xas long as short
Paradex HYPE-USD-PERP+0.0033%8h94.465+0.237%$338K$154K20xas long as short
Phemex HYPEUSDT+0.0036%8h94.399+0.167%$12.9M$2.9M50xas long as short
Vest HYPE-PERP+0.0040%1h94.489+0.262%$190K5xas long as short
SoDEX HYPE-USD+0.0051%1h94.459+0.230%$2.1M$1.9M10xas long as short
Coinbase International HYPE-PERP-INTX+0.0064%1h94.440+0.210%$4.7M$6.2M50xas long as short
OKX HYPE-USDT-SWAP+0.0066%8h94.432+0.202%$117.9M$325.4M50xas long as short
Gate HYPE_USDT+0.0092%4h94.436+0.206%$50.2M$56.8M75xas long as short
edgeX HYPEUSDC+0.0095%4h93.993−0.264%$5.0M$30.7M30xas long as short
Lighter RH HYPE+0.0096%1h94.450+0.221%$3.2M$10.8M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.442+0.212%$81K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h94.440+0.210%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h94.443+0.214%$7.2M$53.0M10xas long as short
Hyperliquid HYPE+0.0100%1h94.524+0.299%$2.08B$687.9M10xas long as short
Aster HYPEUSDT+0.0100%4h94.452+0.223%$8.8M$37.2M300xas long as short
Pacifica HYPE+0.0100%1h94.459+0.231%$10.2M$15.0M20xas long as short
Binance HYPEUSDT+0.0100%4h94.468+0.240%$378.8M$934.2M75xas long as short
Bulk HYPE-USD+0.0100%1h94.307+0.069%$218K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h94.457+0.228%$89.1M$84.0M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.449+0.220%$46.9M$18.9M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.400+0.168%$7.6M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h94.079−0.174%$29.4M$54.7Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.093−0.159%$7.6M$45.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.028−0.227%$369K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h94.315+0.077%$682K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h94.526+0.301%$33K$1.6M20xas long as short
HTX HYPE-USDT+0.0100%4h94.550+0.327%$1.4M$6.8M75xas long as short
Extended HYPE-USD+0.0104%1h94.444+0.214%$18.3M$43.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h94.468+0.240%$399K$154K20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0110%1h94.540+0.316%$7.5M$4.3M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0150% / S +0.0022%1h94.497+0.270%$1.4M100xas long as short
Injective HYPE/USDC PERP+0.0185%1h94.740+0.528%$31K$340K12xas long as short
Kraken Futures PF_HYPEUSD+0.0223%1h94.476+0.248%$20.2M$30.2M50xas long as short
RISEx HYPE/USDC+0.0249%1h94.462+0.233%$3.2M$6.4M20xas long as short
Reya HYPERUSDPERP+0.0272%1h94.451+0.222%$85K$120K15xas long as short
BloFin HYPE-USDT+0.0340%4h94.362+0.127%$17.2M$12.4M75xas long as short