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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.054%
Price spread now: Hyperliquid against ApeX Omni+0.013%105s7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$240.243% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.068%+$7 on $10k
Price spread, last 3 days (all we have)−0.028%−$3 · spread now +0.013%, 7d avg +0.047%
Together, before fees+0.039%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.034% cheaper against ApeX Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.047%. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni HYPEUSDT93.9460.0100pay 0.0013% / 1h7m 37s$340K$1.1M50x
ShortHyperliquid HYPE93.9580.0100get 0.0013% / 1h7m 37s$2.05B$668.4M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$0
Price spread: +0.013% → +0.047%
−$3.38
Slippage, 4 orders
−$5.32
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$27.7
Costs to cover
0.243%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 6 min ago; Hyperliquid: live order book, 7 min ago.

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, 6 min ago1.86 bp8.1 bp −$811.5 bp −$115doesn't fitdoesn't fit
Sell Hyperliquid live order book, 7 min ago0.05 bp4.6 bp −$55.7 bp −$57doesn't fitdoesn't fit

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−0.1152%1h93.929−0.019%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.779−0.178%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0208%1h93.964+0.019%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0097%1h93.860−0.092%$710K$958K10xas long as short
dYdX HYPE-USD−0.0085%1h93.911−0.037%$129K$31K5xas long as short
01 Exchange HYPEUSD−0.0080%1h93.865−0.086%$86K$359K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.895−0.054%$3K$33125xas long as short
Phemex HYPEUSDT−0.0051%8h93.922−0.026%$12.8M$2.6M50xas long as short
Bullet HYPE-USD−0.0047%1h93.896−0.053%$113K$580K20xas long as short
Orderly PERP_HYPE_USDC−0.0031%4h93.868−0.083%$159K$643K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HYPE_USDT−0.0016%4h93.881−0.069%$44.4M$60.3M75xas long as short
Perpl HYPE0.0000%43m93.935−0.011%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.921−0.027%$27K150xas long as short
Aster HYPEUSDT+0.0009%4h93.854−0.098%$8.9M$36.0M300xas long as short
Derive HYPE-PERP+0.0015%1h93.844−0.108%$16.4M$7.6M10xas long as short
Bybit HYPEUSDT+0.0016%8h93.872−0.079%$323.1M$279.0M75xas long as short
Phoenix HYPE+0.0034%1h94.071+0.133%$218K$1.2M10xas long as short
Binance HYPEUSDT+0.0054%4h93.893−0.056%$383.3M$893.6M75xas long as short
MEXC HYPE_USDT+0.0056%4h93.888−0.062%$88.4M$83.3M100xas long as short
edgeX HYPEUSDC+0.0065%4h93.937−0.010%$5.1M$29.6M30xas long as short
OKX HYPE-USDT-SWAP+0.0073%8h93.881−0.069%$116.1M$314.9M50xas long as short
Bluefin HYPE-PERP+0.0095%1h93.845−0.108%$76K$170K20xas long as short
Lighter HYPE+0.0096%1h93.922−0.026%$18.9M$60.7M20xas long as short
Lighter RH HYPE+0.0096%1h93.907−0.042%$3.0M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.864−0.087%$64K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.874−0.077%$399K$180K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.921−0.026%$341K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.890−0.060%$31K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.891−0.059%$6.6M$44.6M10xas long as short
Hyperliquid HYPEshort+0.0100%1h93.958+0.013%$2.05B$668.4M10x
Pacifica HYPE+0.0100%1h93.923−0.024%$10.1M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.892−0.057%$46.6M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.890−0.060%$227.3M$100.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.887−0.063%$53.9Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.807−0.148%$7.9M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.920−0.028%$31.4M$53.7Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.053+0.114%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDTlong+0.0100%1h93.946long leg$340K$1.1M50x
StandX HYPE-USD+0.0100%1h94.033+0.093%$671K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.947+0.001%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.931−0.016%$474K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.936−0.011%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.892−0.057%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.894−0.056%$204K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.871−0.080%$18.4M$45.1M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.900−0.049%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.490+0.579%$31K$338K12xas long as short
BloFin HYPE-USDT+0.0212%4h94.058+0.119%$17.1M$12.1M75xas long as short
RISEx HYPE/USDC+0.0222%1h93.915−0.033%$2.7M$6.7M20xas long as short
Kalshi KXHYPEPERP+0.0241%8h93.988+0.045%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0252%1h93.904−0.044%$79K$143K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0335% / S −0.0156%1h93.913−0.035%$1.4M100xas long as short
HTX HYPE-USDT+0.0367%4h94.100+0.164%$1.5M$5.9M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0463%1h93.987+0.044%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0672%1h93.973+0.029%$21.0M$29.8M50xas long as short