Funding arb · Price arb /

HYPE

all HYPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.049%

Price spread now: HTX against Binance+0.186%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on Binance Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.263%−$26 · spread now +0.186%, 7d avg +0.042%

Together, before fees−0.205%−$20 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: HTX is 0.144% dearer against Binance than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HYPEUSDT	94.338	0.0100	pay 0.0050% / 4h	1h 23m	$377.5M	$933.1M	75x
Short	HTX HYPE-USDT	94.513	0.0100	get 0.0050% / 4h	1h 23m	$1.4M	$6.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Binance. 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 BinancebpFee HTXbpOrdersPrice spread, now +0.186%Rate

Funding earned: $0
Price spread: +0.186% → +0.042%: $14.4
Slippage, 4 orders: −$6.88
Fee Binance: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$14.49
Costs to cover: 0.289%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; HTX: live order book, 1 min ago.

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 Binance live order book, 6 min ago	0.05 bp	5.9 bp −$6	8.6 bp −$86	15.3 bp −$1,527	doesn't fit
Sell HTX live order book, 1 min ago	0.26 bp	9.3 bp −$9	13.6 bp −$136	49.8 bp −$4,981	doesn't fit

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
Hibachi HYPE/USDT-P	−0.1048%	1h	94.204	−0.142%	$200K	$238K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0210%	1h	93.921	−0.441%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.347	+0.010%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.P	−0.0068%	1h	94.220	−0.125%	$705K	$1.2M	10x	as long as short
Bullet HYPE-USD	−0.0053%	1h	94.398	+0.064%	$112K	$579K	20x	as long as short
01 Exchange HYPEUSD	−0.0032%	1h	94.373	+0.037%	$86K	$368K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0016%	4h	94.360	+0.024%	$146K	$683K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.322	−0.017%	$129K	$26K	5x	as long as short
Bybit HYPEUSDT	0.0000%	8h	94.303	−0.037%	$318.5M	$288.8M	75x	as long as short
Perpl HYPE	0.0000%	43m	94.378	+0.043%	$20K	$289K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	94.419	+0.086%	$84K	—	150x	as long as short
Derive HYPE-PERP	+0.0007%	1h	93.302	−1.097%	$16.2M	$7.5M	10x	as long as short
Bluefin HYPE-PERP	+0.0016%	1h	94.389	+0.054%	$80K	$156K	20x	as long as short
Phoenix HYPE	+0.0017%	1h	93.715	−0.660%	$208K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0052%	4h	94.332	−0.006%	$227.3M	$99.7M	75x	as long as short
Phemex HYPEUSDT	+0.0052%	8h	94.324	−0.015%	$12.9M	$2.8M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0078%	8h	94.385	+0.051%	$337K	$161K	20x	as long as short
edgeX HYPEUSDC	+0.0080%	4h	93.620	−0.761%	$5.0M	$30.5M	30x	as long as short
Arcus HYPE-USD	+0.0084%	1h	94.328	−0.010%	$1.0M	$4.0M	10x	as long as short
Lighter HYPE	+0.0096%	1h	94.367	+0.031%	$16.3M	$64.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.368	+0.032%	$3.2M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.338	0.000%	$79K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.330	−0.008%	$21K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.335	−0.002%	$7.5M	$50.5M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.440	+0.108%	$2.08B	$686.0M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.367	+0.031%	$8.9M	$37.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.380	+0.045%	$10.2M	$15.5M	20x	as long as short
Binance HYPEUSDTlong	+0.0100%	4h	94.338	long leg	$377.5M	$933.1M	75x
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.345	+0.008%	$116.3M	$318.3M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.340	+0.002%	$49.0M	$56.2M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.340	+0.002%	$89.6M	$84.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.384	+0.049%	$46.7M	$18.7M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.322	−0.017%	—	$53.5M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.356	+0.019%	$7.3M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.009	−0.349%	$28.9M	$56.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.696	−0.680%	$7.6M	$48.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.663	−0.715%	$357K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.224	−0.121%	$682K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.430	+0.098%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.401	+0.067%	$474K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.395	+0.061%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.379	+0.044%	$2.1M	$1.9M	10x	as long as short
HTX HYPE-USDTshort	+0.0100%	4h	94.513	+0.186%	$1.4M	$6.7M	75x
Bulk HYPE-USD	+0.0100%	1h	93.438	−0.953%	$216K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.323	−0.016%	$18.2M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.393	+0.058%	$399K	$159K	20x	as long as short
Kalshi KXHYPEPERP	+0.0106%	8h	94.389	+0.054%	$1.8M	$5.6M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	94.320	−0.019%	$4.7M	$6.2M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0131%	1h	94.470	+0.140%	$7.5M	$4.3M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0151% / S +0.0022%	1h	94.435	+0.103%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.610	+0.289%	$31K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.357	+0.021%	$78K	$129K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.378	+0.043%	$17.0M	$12.3M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0412%	1h	94.437	+0.105%	$20.3M	$30.4M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	94.389	+0.055%	$3.2M	$6.3M	20x	as long as short