Funding arb · Price arb /

HYPE

all HYPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Vest against ApeX Omni+0.105%62s7-day average −0.005% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.124%−$12 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.105%, 7d avg −0.005%

Together, before fees−0.151%+ Points / potential airdropVest: Active · farm board−$15 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: Vest is 0.110% dearer against ApeX Omni than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.005%. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni HYPEUSDT	92.717	0.0100	pay 0.0013% / 1h	14m 09s	$350K	$1.0M	50x
Short	Vest HYPE-PERP	92.814	0.0100	get 0.0013% / 1h	14m 09s	—	$243K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee VestbpOrdersPrice spread, now +0.105%Rate

Funding earned: $0
Price spread: +0.105% → −0.005%: $11
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$1
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 5 min ago; Vest: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 5 min ago	2.37 bp	8.1 bp −$8	13.5 bp −$135	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus HYPE-USD	−0.0948%	1h	92.714	−0.003%	$1.1M	$3.9M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0248%	1h	92.690	−0.029%	$194K	$227K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0247%	1h	92.732	+0.016%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.772	+0.059%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0064%	4h	92.740	+0.025%	$157K	$666K	20x	as long as short
01 Exchange HYPEUSD	−0.0008%	1h	92.809	+0.099%	$87K	$361K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.780	+0.068%	$127K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.773	+0.061%	$22K	$302K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.789	+0.078%	$62K	—	150x	as long as short
Phemex HYPEUSDT	+0.0024%	8h	92.763	+0.050%	$12.5M	$2.7M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps HYPE-USD.P	+0.0032%	1h	92.670	−0.051%	$697K	$1.1M	10x	as long as short
Bullet HYPE-USD	+0.0032%	1h	92.751	+0.037%	$110K	$578K	20x	as long as short
BingX HYPE-USDT	+0.0038%	4h	92.781	+0.069%	—	$53.5M	—	as long as short
Phoenix HYPE	+0.0043%	1h	92.779	+0.067%	$210K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0045%	8h	92.770	+0.057%	$316.8M	$281.0M	75x	as long as short
Aster HYPEUSDT	+0.0048%	4h	92.784	+0.072%	$8.7M	$36.2M	300x	as long as short
OKX HYPE-USDT-SWAP	+0.0091%	8h	92.778	+0.066%	$113.7M	$303.6M	50x	as long as short
Gate HYPE_USDT	+0.0094%	4h	92.767	+0.054%	$44.5M	$55.3M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0094%	8h	92.786	+0.075%	$339K	$163K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.789	+0.077%	$16.0M	$62.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.799	+0.088%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	92.780	+0.068%	$69K	$1.1M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.730	+0.014%	$38K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.757	+0.043%	$7.1M	$45.3M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.828	+0.120%	$2.02B	$663.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.803	+0.093%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.778	+0.066%	$372.7M	$902.5M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.760	+0.046%	$202K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.788	+0.077%	$87.4M	$80.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.775	+0.063%	$46.1M	$18.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.782	+0.070%	$224.6M	$98.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.770	+0.057%	$7.3M	$11.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.669	−0.052%	$28.7M	$57.2M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.760	+0.046%	$7.5M	$46.5M	10x	as long as short
ApeX Omni HYPEUSDTlong	+0.0100%	1h	92.717	long leg	$350K	$1.0M	50x
StandX HYPE-USD	+0.0100%	1h	92.715	−0.002%	$666K	$2.7M	20x	as long as short
Vest HYPE-PERPshort	+0.0100%	1h	92.814	+0.105%	—	$243K	5x
Polymarket Perps HYPE-USD	+0.0100%	1h	92.788	+0.077%	$469K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.759	+0.045%	$78K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.763	+0.049%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.774	+0.061%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.790	+0.079%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.918	+0.217%	$1.4M	$6.2M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.764	+0.051%	$18.1M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.786	+0.074%	$392K	$164K	20x	as long as short
edgeX HYPEUSDC	+0.0106%	4h	92.709	−0.009%	$5.0M	$29.6M	30x	as long as short
Injective HYPE/USDC PERP	+0.0150%	1h	93.000	+0.305%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0160%	1h	92.820	+0.111%	$4.7M	$5.5M	50x	as long as short
Kalshi KXHYPEPERP	+0.0235%	8h	92.832	+0.124%	$1.8M	$5.4M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0262%	1h	92.767	+0.054%	$79K	$132K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	92.774	+0.061%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0331%	1h	92.847	+0.140%	$20.6M	$30.5M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0332%	1h	92.872	+0.167%	$7.5M	$4.5M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.766	+0.053%	$16.7M	$11.6M	75x	as long as short
RISEx HYPE/USDC	+0.0687%	1h	92.839	+0.131%	$3.2M	$6.4M	20x	as long as short