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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Vest against Binance+0.131%7-day average −0.006% · 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)−0.117%−$12 on $10k
Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.131%, 7d avg −0.006%
Together, before fees−0.141%+ Points / potential airdropVest: Active · farm board−$14 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 0.138% dearer against Binance than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance HYPEUSDT93.5540.0100pay 0.0050% / 4h1h 45m$374.9M$930.7M75x
ShortVest HYPE-PERP93.6770.0100get 0.0013% / 1h45m 50s$243K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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

Funding earned
$0
Price spread: +0.131% → −0.006%
$13.76
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Vest: 1 bp × 2 orders
−$2
Net
$1.76
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Binance: live order book, 13 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 13 min ago0.05 bp5.9 bp −$66.2 bp −$6213.6 bp −$1,36236.6 bp −$18.3K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.1096%1h93.581+0.028%$198K$242K7xas long as short
Aftermath Perps HYPEUSD−0.0234%1h93.764+0.225%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0125%1h93.570+0.017%$705K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.621+0.072%$3K$33125xas long as short
Bullet HYPE-USD−0.0071%1h93.591+0.040%$111K$580K20xas long as short
01 Exchange HYPEUSD−0.0064%1h93.625+0.076%$86K$370K20xas long as short
Bluefin HYPE-PERP−0.0035%1h93.576+0.024%$79K$156K20xas long as short
Orderly PERP_HYPE_USDC−0.0020%4h93.559+0.005%$145K$685K20xas long as short
dYdX HYPE-USD0.0000%1h93.698+0.154%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.652+0.105%$21K$287K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.634+0.086%$63K150xas long as short
BingX HYPE-USDT+0.0006%4h93.566+0.013%$53.7Mas long as short
Bybit HYPEUSDT+0.0008%8h93.533−0.022%$315.9M$288.0M75xas long as short
Phoenix HYPE+0.0017%1h93.687+0.142%$209K$1.1M10xas long as short
Bitget HYPEUSDT+0.0040%4h93.547−0.007%$225.3M$99.5M75xas long as short
Phemex HYPEUSDT+0.0074%8h93.592+0.041%$12.8M$2.8M50xas long as short
edgeX HYPEUSDC+0.0082%4h93.648+0.100%$5.0M$30.6M30xas long as short
Paradex HYPE-USD-PERP+0.0082%8h93.656+0.109%$335K$161K20xas long as short
Arcus HYPE-USD+0.0084%1h93.600+0.049%$1.0M$4.0M10xas long as short
Derive HYPE-PERP+0.0092%1h93.549−0.005%$16.3M$7.4M10xas long as short
Lighter HYPE+0.0096%1h93.542−0.013%$16.1M$63.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.597+0.046%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.607+0.057%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.630+0.081%$22K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.617+0.067%$7.4M$50.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.650+0.103%$2.05B$682.9M10xas long as short
Aster HYPEUSDT+0.0100%4h93.570+0.017%$8.8M$37.3M300xas long as short
Pacifica HYPE+0.0100%1h93.667+0.121%$10.1M$15.4M20xas long as short
Binance HYPEUSDTlong+0.0100%4h93.554long leg$374.9M$930.7M75x
OKX HYPE-USDT-SWAP+0.0100%8h93.529−0.027%$115.6M$315.9M50xas long as short
Gate HYPE_USDT+0.0100%4h93.566+0.013%$48.4M$55.0M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.572+0.019%$90.0M$83.6M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.564+0.011%$46.2M$18.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.592+0.041%$7.2M$10.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.670+0.124%$28.6M$56.1Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.726+0.184%$7.6M$48.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.674+0.128%$347K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.649+0.102%$678K$2.8M20xas long as short
Vest HYPE-PERPshort+0.0100%1h93.677+0.131%$243K5x
Polymarket Perps HYPE-USD+0.0100%1h93.633+0.084%$470K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.702+0.158%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.563+0.010%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.783+0.245%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.731+0.189%$216K$15K10xas long as short
Kalshi KXHYPEPERP+0.0102%8h93.619+0.069%$1.8M$5.6M2.3xas long as short
Extended HYPE-USD+0.0104%1h93.550−0.004%$18.2M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.581+0.029%$396K$159K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.610+0.060%$4.7M$6.1M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.640+0.092%$30K$339K12xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0252%1h93.679+0.134%$7.4M$4.2M50xas long as short
Reya HYPERUSDPERP+0.0271%1h93.569+0.016%$77K$130K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h93.625+0.076%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.653+0.106%$17.0M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0415%1h93.648+0.100%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.647+0.100%$3.2M$6.4M20xas long as short