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

HYPE

all HYPE markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0136%/8h= +14.9% APRnext payment +$0.17 per $10,000 · paid last 24h −0.006%
Price spread now: StandX against Backpack+0.199%7-day average −0.249% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs+$21as in the Price arb table
costs, in and out, $10k−$230.233% of the position
Long on BackpackShort on StandX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.046%−$5 on $10k
Price spread, last 7 days+0.018%+$2 · spread now +0.199%, 7d avg −0.249%
Together, before fees−0.028%+ Points / potential airdropStandX: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and StandX is 0.447% dearer against Backpack than usual: you sell high and buy low: +$45 more if the spread goes back to its 7-day average of −0.249%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack HYPE_USDC_PERP93.701−0.0036get 0.0004% / 1h20m 07s$7.8M$10.3M20x
ShortStandX HYPE-USD93.8870.0100get 0.0013% / 1h20m 07s$670K$2.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against Backpack. 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
$28.54
Price spread: +0.199% → −0.249%
$44.71
Slippage, 4 orders
−$5.26
Fee Backpack: 5 bp × 2 orders
−$10
Fee StandX: 4 bp × 2 orders
−$8
Net
$50
Costs to cover
0.233%
Break-even
from the start
Slippage from Backpack: live order book, 4 min ago; StandX: live order book, 4 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 Backpack live order book, 4 min ago0.05 bp5.1 bp −$56.4 bp −$6448.5 bp −$4,853doesn't fit
Sell StandX live order book, 4 min ago1.28 bp7.8 bp −$87.9 bp −$7913.8 bp −$1,382doesn't fit

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−0.1032%1h93.783+0.087%$197K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.609−0.098%$1.2M$3.8M10xas long as short
Phemex HYPEUSDT−0.0118%8h93.762+0.065%$12.7M$2.7M50xas long as short
Aftermath Perps HYPEUSD−0.0103%1h93.815+0.121%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.815+0.122%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0079%1h93.850+0.159%$702K$923K10xas long as short
Orderly PERP_HYPE_USDC−0.0056%4h93.691−0.011%$156K$646K20xas long as short
01 Exchange HYPEUSD−0.0048%1h93.724+0.025%$85K$350K20xas long as short
Backpack HYPE_USDC_PERPlong−0.0036%1h93.701long leg$7.8M$10.3M20x
Gate HYPE_USDT−0.0028%4h93.717+0.017%$44.4M$55.1M75xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0001%4h93.706+0.005%$8.8M$35.8M300xas long as short
dYdX HYPE-USD0.0000%1h93.756+0.059%$129K$31K5xas long as short
Perpl HYPE0.0000%43m93.755+0.057%$22K$326K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.746+0.048%$26K—150xas long as short
Bybit HYPEUSDT+0.0003%8h93.700−0.001%$321.8M$280.8M75xas long as short
BingX HYPE-USDT+0.0004%4h93.732+0.033%—$53.6M—as long as short
Phoenix HYPE+0.0060%1h93.885+0.196%$213K$1.2M10xas long as short
Bullet HYPE-USD+0.0064%1h93.716+0.016%$112K$577K20xas long as short
Binance HYPEUSDT+0.0067%4h93.706+0.005%$381.0M$890.7M75xas long as short
MEXC HYPE_USDT+0.0068%4h93.700−0.001%$88.9M$83.2M100xas long as short
OKX HYPE-USDT-SWAP+0.0068%8h93.700−0.001%$115.2M$307.6M50xas long as short
edgeX HYPEUSDC+0.0088%4h93.822+0.129%$5.1M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0096%8h93.766+0.069%$341K$164K20xas long as short
Lighter HYPE+0.0096%1h93.728+0.029%$16.4M$62.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.727+0.028%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.713+0.013%$67K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.714+0.014%$399K$175K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.750+0.052%$21K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.727+0.027%$5.8M$44.7M10xas long as short
Hyperliquid HYPE+0.0100%1h93.812+0.118%$2.05B$665.7M10xas long as short
Pacifica HYPE+0.0100%1h93.757+0.060%$10.1M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.737+0.038%$46.4M$18.0M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.712+0.012%$227.0M$98.4M75xas long as short
Variational Omni HYPE+0.0100%8h93.748+0.050%$31.1M$54.6M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.837+0.145%$7.6M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.823+0.130%$339K$1.0M50xas long as short
StandX HYPE-USDshort+0.0100%1h93.887+0.199%$670K$2.6M20x
Vest HYPE-PERP+0.0100%1h93.787+0.092%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.750+0.052%$473K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.673−0.030%$79K$171K20xas long as short
Derive HYPE-PERP+0.0100%1h93.699−0.002%$16.3M$7.7M10xas long as short
SunX HYPE-USDT+0.0100%4h93.796+0.101%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.7010.000%$2.0M$1.9M10xas long as short
Bulk HYPE-USD+0.0100%1h93.880+0.191%$204K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.675−0.028%$18.3M$44.2M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.830+0.138%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.740+0.042%$30K$339K12xas long as short
HTX HYPE-USDT+0.0198%4h93.873+0.184%$1.4M$5.9M75xas long as short
RISEx HYPE/USDC+0.0210%1h93.801+0.107%$3.2M$7.0M20xas long as short
Reya HYPERUSDPERP+0.0255%1h93.709+0.009%$80K$140K15xas long as short
Kalshi KXHYPEPERP+0.0278%8h93.786+0.091%$1.9M$4.9M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0156%1h93.737+0.038%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0390%1h93.806+0.112%$7.4M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0680%1h93.795+0.100%$20.9M$29.8M50xas long as short