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−0.0099%/8h= −10.8% APRnext payment $0.12 per $10,000 · paid last 24h −0.028%
Price spread now: gTrade (Gains Network) against ApeX Omni+0.079%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
The price spread pays, funding is against you. gTrade (Gains Network) is 0.079% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.079% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.7 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni HYPEUSDT94.2050.0100pay 0.0013% / 1h15m 53s$362K$1.0M50x
ShortgTrade (Gains Network) HYPE/USD94.279L +0.0002% / S −0.0001%get 0.0000% / 1h15m 53s$84K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against ApeX Omni. 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
−$20.8
Price spread: +0.079% → 0.000%
$7.9
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$32.9
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 3 min ago; gTrade (Gains Network): 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 ApeX Omni live order book, 3 min ago2.01 bp8.6 bp −$912.6 bp −$126doesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): 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 54 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−0.1096%1h94.167−0.040%$200K$236K7xas long as short
Aftermath Perps HYPEUSD−0.0181%1h94.224+0.021%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.286+0.086%$3K$33125xas long as short
Bullet HYPE-USD−0.0060%1h94.253+0.050%$111K$579K20xas long as short
Ondo Perps HYPE-USD.P−0.0054%1h94.200−0.005%$709K$1.2M10xas long as short
01 Exchange HYPEUSD−0.0032%1h94.261+0.059%$86K$368K20xas long as short
Bluefin HYPE-PERP−0.0017%1h94.234+0.031%$80K$155K20xas long as short
Orderly PERP_HYPE_USDC−0.0012%4h94.222+0.018%$146K$685K20xas long as short
dYdX HYPE-USD0.0000%1h94.284+0.084%$129K$26K5xas long as short
Bybit HYPEUSDT0.0000%8h94.229+0.025%$316.9M$289.5M75xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXHYPEPERP0.0000%8h94.308+0.109%$1.8M$5.6M2.3xas long as short
Perpl HYPE0.0000%43m94.266+0.065%$19K$290K10xas long as short
gTrade (Gains Network) HYPE/USDshortL +0.0002% / S −0.0001%1h94.279+0.079%$84K150x
Phoenix HYPE+0.0017%1h94.307+0.108%$207K$1.1M10xas long as short
Bitget HYPEUSDT+0.0054%4h94.251+0.049%$227.2M$99.3M75xas long as short
Phemex HYPEUSDT+0.0057%8h94.184−0.022%$12.8M$2.9M50xas long as short
Paradex HYPE-USD-PERP+0.0078%8h94.314+0.115%$337K$156K20xas long as short
edgeX HYPEUSDC+0.0084%4h94.244+0.042%$5.0M$30.7M30xas long as short
Arcus HYPE-USD+0.0084%1h94.230+0.027%$1.0M$3.5M10xas long as short
Lighter HYPE+0.0096%1h94.254+0.052%$16.3M$64.4M20xas long as short
Lighter RH HYPE+0.0096%1h94.262+0.061%$3.2M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.241+0.038%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h94.260+0.058%$17K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h94.254+0.053%$7.5M$50.5M10xas long as short
Hyperliquid HYPE+0.0100%1h94.350+0.154%$2.07B$687.6M10xas long as short
Aster HYPEUSDT+0.0100%4h94.259+0.057%$8.8M$37.1M300xas long as short
Pacifica HYPE+0.0100%1h94.279+0.078%$10.2M$15.5M20xas long as short
Binance HYPEUSDT+0.0100%4h94.254+0.052%$377.0M$932.2M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h94.278+0.077%$116.0M$319.0M50xas long as short
Gate HYPE_USDT+0.0100%4h94.245+0.042%$49.2M$56.9M75xas long as short
MEXC HYPE_USDT+0.0100%4h94.260+0.058%$90.1M$85.1M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.255+0.053%$46.9M$18.6M75xas long as short
BingX HYPE-USDT+0.0100%4h94.241+0.038%$53.6Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.273+0.072%$7.2M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h94.229+0.025%$29.0M$56.0Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.298+0.098%$7.6M$47.6M10xas long as short
ApeX Omni HYPEUSDTlong+0.0100%1h94.205long leg$362K$1.0M50x
StandX HYPE-USD+0.0100%1h94.297+0.098%$682K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h94.326+0.129%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.260+0.058%$495K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h94.332+0.135%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.255+0.053%$2.1M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h94.411+0.219%$1.4M$6.8M75xas long as short
Bulk HYPE-USD+0.0100%1h94.275+0.074%$218K$15K10xas long as short
Extended HYPE-USD+0.0104%1h94.214+0.010%$18.2M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h94.264+0.062%$398K$159K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h94.270+0.069%$4.7M$6.2M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0151% / S +0.0022%1h94.295+0.096%$1.4M100xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.610+0.430%$31K$339K12xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0259%1h94.334+0.137%$7.5M$4.3M50xas long as short
Reya HYPERUSDPERP+0.0272%1h94.246+0.044%$77K$129K15xas long as short
BloFin HYPE-USDT+0.0340%4h94.245+0.042%$16.9M$12.3M75xas long as short
Kraken Futures PF_HYPEUSD+0.0412%1h94.315+0.117%$20.2M$30.4M50xas long as short
RISEx HYPE/USDC+0.0559%1h94.275+0.075%$3.2M$6.4M20xas long as short