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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.014%
Price spread now: StandX against BingX−0.085%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$210.213% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.084%+$8 on $10k
Price spread, last 7 days+0.083%+$8 · spread now −0.085%, 7d avg +0.008%
Together, before fees+0.167%+ Points / potential airdropStandX: Active · farm board+$17 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: StandX is 0.093% cheaper against BingX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX HYPE-USDT93.2960.0100pay 0.0050% / 4h2h 30m$53.9M
ShortStandX HYPE-USD93.2170.0100get 0.0013% / 1h30m 06s$667K$2.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against BingX. 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: −0.085% → +0.008%
−$9.28
Slippage, 4 orders
−$3.34
Fee BingX: 5 bp × 2 orders
−$10
Fee StandX: 4 bp × 2 orders
−$8
Net
−$30.62
Costs to cover
0.213%
Break-even
never at this rate
Slippage from BingX: live order book, 9 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 BingX live order book, 9 min ago0.22 bp5.2 bp −$55.6 bp −$5610.1 bp −$1,00915.0 bp −$7,513
Sell StandX live order book, 4 min ago1.02 bp5.0 bp −$55.3 bp −$5314.7 bp −$1,467doesn'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−0.1568%1h93.135−0.173%$196K$234K7xas long as short
Aftermath Perps HYPEUSD−0.0361%1h93.251−0.048%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.195−0.108%$3K$33125xas long as short
Bullet HYPE-USD−0.0059%1h93.242−0.058%$110K$578K20xas long as short
Orderly PERP_HYPE_USDC−0.0022%4h93.227−0.074%$146K$662K20xas long as short
01 Exchange HYPEUSD−0.0016%1h93.261−0.038%$87K$366K20xas long as short
dYdX HYPE-USD0.0000%1h93.219−0.082%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.204−0.099%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.258−0.041%$62K150xas long as short
Arcus HYPE-USD+0.0011%1h93.184−0.120%$1.0M$4.0M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget HYPEUSDT+0.0016%4h93.294−0.002%$225.4M$99.0M75xas long as short
Bybit HYPEUSDT+0.0019%8h93.270−0.028%$316.8M$282.9M75xas long as short
Ondo Perps HYPE-USD.P+0.0026%1h93.170−0.135%$702K$1.2M10xas long as short
Phoenix HYPE+0.0026%1h93.263−0.035%$207K$1.2M10xas long as short
Phemex HYPEUSDT+0.0054%8h93.297+0.001%$12.6M$2.7M50xas long as short
edgeX HYPEUSDC+0.0088%4h93.175−0.129%$5.0M$30.0M30xas long as short
Paradex HYPE-USD-PERP+0.0094%8h93.231−0.069%$339K$162K20xas long as short
Lighter HYPE+0.0096%1h93.294−0.002%$16.1M$63.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.286−0.011%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.232−0.069%$75K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.170−0.135%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.228−0.073%$8.0M$48.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.330+0.036%$2.03B$669.0M10xas long as short
Aster HYPEUSDT+0.0100%4h93.283−0.014%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.231−0.070%$10.0M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.2960.000%$373.8M$912.8M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.283−0.014%$114.4M$309.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.230−0.071%$215K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h93.299+0.003%$46.7M$54.3M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.297+0.001%$91.0M$81.1M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.278−0.019%$46.1M$18.9M75xas long as short
BingX HYPE-USDTlong+0.0100%4h93.296long leg$53.9M
Backpack HYPE_USDC_PERP+0.0100%1h93.324+0.030%$7.3M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.131−0.177%$28.5M$56.3Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.218−0.084%$7.5M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.165−0.140%$342K$1.0M50xas long as short
StandX HYPE-USDshort+0.0100%1h93.217−0.085%$667K$2.8M20x
Vest HYPE-PERP+0.0100%1h93.286−0.011%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.252−0.047%$483K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.240−0.060%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.233−0.067%$16.1M$7.4M10xas long as short
SunX HYPE-USDT+0.0100%4h93.204−0.099%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.275−0.023%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.341+0.048%$1.4M$6.5M75xas long as short
Extended HYPE-USD+0.0104%1h93.229−0.071%$18.1M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.278−0.019%$394K$158K20xas long as short
Kalshi KXHYPEPERP+0.0106%8h93.313+0.018%$1.8M$5.6M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.120−0.189%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.210−0.092%$4.6M$5.8M50xas long as short
Reya HYPERUSDPERP+0.0269%1h93.231−0.070%$80K$127K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.258−0.041%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.160−0.146%$16.9M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0341%1h93.323+0.029%$20.8M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0511%1h93.361+0.070%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.276−0.022%$3.2M$6.3M20xas long as short