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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%
Price spread now: StandX against Bitget+0.136%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$280.283% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.078%+$8 on $10k
Price spread, last 7 days−0.164%−$16 · spread now +0.136%, 7d avg +0.010%
Together, before fees−0.085%+ Points / potential airdropStandX: Active · farm board−$9 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 0.126% dearer against Bitget than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget HYPEUSDT93.3010.0100pay 0.0050% / 4h2h 46m$225.8M$100.7M75x
ShortStandX HYPE-USD93.4280.0100get 0.0013% / 1h46m 23s$667K$2.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against Bitget. 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: +0.136% → +0.010%
$12.58
Slippage, 4 orders
−$8.3
Fee Bitget: 6 bp × 2 orders
−$12
Fee StandX: 4 bp × 2 orders
−$8
Net
−$15.72
Costs to cover
0.283%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; StandX: live order book, 2 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 Bitget live order book, 3 min ago0.38 bp9.8 bp −$1015.5 bp −$15520.5 bp −$2,051doesn't fit
Sell StandX live order book, 2 min ago1.39 bp5.4 bp −$55.7 bp −$5712.2 bp −$1,223doesn'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−0.1048%1h93.365+0.068%$197K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.182−0.128%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0186%1h93.361+0.064%$22K$21K10xas long as short
Backpack HYPE_USDC_PERP−0.0125%1h93.296−0.005%$7.8M$10.6M20xas long as short
Ondo Perps HYPE-USD.P−0.0124%1h93.240−0.065%$698K$977K10xas long as short
Gate HYPE_USDT−0.0084%4h93.285−0.017%$44.2M$53.9M75xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.376+0.080%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.315+0.015%$84K$361K20xas long as short
Phemex HYPEUSDT−0.0064%8h93.331+0.032%$12.7M$2.7M50xas long as short
Orderly PERP_HYPE_USDC−0.0052%4h93.269−0.034%$158K$646K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0026%4h93.311+0.011%$8.9M$36.2M300xas long as short
dYdX HYPE-USD0.0000%1h93.318+0.018%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.325+0.026%$22K$333K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.318+0.018%$26K150xas long as short
Bluefin HYPE-PERP+0.0006%1h93.269−0.034%$79K$174K20xas long as short
Bybit HYPEUSDT+0.0011%8h93.280−0.023%$319.2M$283.2M75xas long as short
BingX HYPE-USDT+0.0016%4h93.294−0.008%$54.3Mas long as short
Bullet HYPE-USD+0.0027%1h93.285−0.017%$111K$579K20xas long as short
MEXC HYPE_USDT+0.0044%4h93.321+0.021%$88.2M$82.4M100xas long as short
Binance HYPEUSDT+0.0044%4h93.291−0.011%$380.3M$905.1M75xas long as short
Derive HYPE-PERP+0.0058%1h93.257−0.047%$16.2M$7.6M10xas long as short
Phoenix HYPE+0.0060%1h93.190−0.119%$212K$1.2M10xas long as short
edgeX HYPEUSDC+0.0062%4h93.437+0.146%$5.1M$29.9M30xas long as short
OKX HYPE-USDT-SWAP+0.0064%8h93.292−0.010%$115.0M$315.3M50xas long as short
Lighter HYPE+0.0096%1h93.341+0.043%$16.4M$62.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.356+0.059%$3.1M$11.8M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.329+0.030%$65K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.271−0.033%$397K$177K20xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.397+0.103%$339K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.360+0.063%$35K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.284−0.018%$6.6M$44.7M10xas long as short
Hyperliquid HYPE+0.0100%1h93.404+0.110%$2.04B$675.1M10xas long as short
Pacifica HYPE+0.0100%1h93.345+0.047%$10.0M$14.7M20xas long as short
Bulk HYPE-USD+0.0100%1h93.404+0.110%$203K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.331+0.032%$46.0M$18.4M75xas long as short
Bitget HYPEUSDTlong+0.0100%4h93.301long leg$225.8M$100.7M75x
Variational Omni HYPE+0.0100%8h93.241−0.065%$30.9M$55.0Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.420+0.128%$7.5M$47.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.460+0.170%$338K$1.1M50xas long as short
StandX HYPE-USDshort+0.0100%1h93.428+0.136%$667K$2.6M20x
Vest HYPE-PERP+0.0100%1h93.356+0.059%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.326+0.027%$467K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.350+0.053%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.292−0.010%$2.0M$2.0M10xas long as short
Extended HYPE-USD+0.0104%1h93.268−0.036%$18.4M$44.4M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.410+0.117%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.250−0.055%$30K$338K12xas long as short
BloFin HYPE-USDT+0.0175%4h93.407+0.114%$17.0M$12.1M75xas long as short
RISEx HYPE/USDC+0.0210%1h93.367+0.070%$2.7M$6.7M20xas long as short
Reya HYPERUSDPERP+0.0253%1h93.290−0.012%$79K$142K15xas long as short
HTX HYPE-USDT+0.0259%4h93.490+0.203%$1.4M$6.1M75xas long as short
Kalshi KXHYPEPERP+0.0259%8h93.441+0.150%$1.9M$5.2M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0334% / S −0.0158%1h93.314+0.014%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0457%1h93.402+0.108%$7.5M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0683%1h93.377+0.082%$20.8M$30.0M50xas long as short