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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0108%/8h= +11.8% APRnext payment +$0.14 per $10,000 · paid last 24h −0.005%
Price spread now: Aftermath Perps against Bullet+0.342%7-day average · 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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aftermath Perps is 0.342% dearer against Bullet than usual: you sell high and buy low: +$34 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet HYPE-USD93.007−0.0095get 0.0012% / 1h58m 20s$112K$578K20x
ShortAftermath Perps HYPEUSD93.3250.0013get 0.0002% / 1h58m 20s$22K$21K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bullet. 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
$22.73
Price spread: +0.342% → 0.000%
$34.16
Slippage, 4 orders
no order book: not counted
Fee Bullet: 4 bp × 2 orders
−$8
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
$39.89
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Bullet: live order book, 6 min ago; Aftermath Perps: 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 Bullet live order book, 6 min ago0.48 bp6.0 bp −$612.1 bp −$121doesn't fitdoesn't fit
Sell Aftermath Perps no order-book sample
Aftermath Perps: 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 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−0.1136%1h93.123+0.125%$196K$226K7xas long as short
Arcus HYPE-USD−0.0899%1h92.959−0.052%$1.2M$3.8M10xas long as short
Bluefin HYPE-PERP−0.0415%1h92.961−0.050%$79K$170K20xas long as short
Ondo Perps HYPE-USD.P−0.0313%1h93.040+0.035%$698K$902K10xas long as short
01 Exchange HYPEUSD−0.0096%1h93.078+0.076%$84K$346K20xas long as short
Bullet HYPE-USDlong−0.0095%1h93.007long leg$112K$578K20x
Hotstuff HYPE-PERP−0.0080%1h93.198+0.205%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0052%4h92.992−0.017%$155K$639K20xas long as short
Phemex HYPEUSDT−0.0023%8h93.039+0.034%$12.6M$2.7M50xas long as short
Aster HYPEUSDT−0.0005%4h93.020+0.013%$8.8M$35.4M300xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX HYPE-USD0.0000%1h93.100+0.099%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.092+0.091%$22K$321K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.025+0.019%$25K150xas long as short
Bybit HYPEUSDT+0.0009%8h92.972−0.038%$319.0M$275.7M75xas long as short
Gate HYPE_USDT+0.0012%4h92.999−0.009%$44.3M$54.0M75xas long as short
BingX HYPE-USDT+0.0012%4h93.020+0.014%$53.1Mas long as short
Aftermath Perps HYPEUSDshort+0.0013%1h93.325+0.342%$22K$21K10x
Phoenix HYPE+0.0060%1h93.318+0.334%$210K$1.2M10xas long as short
OKX HYPE-USDT-SWAP+0.0076%8h92.995−0.013%$114.2M$300.1M50xas long as short
MEXC HYPE_USDT+0.0078%4h93.017+0.010%$87.6M$79.7M100xas long as short
Binance HYPEUSDT+0.0078%4h92.990−0.018%$378.1M$874.0M75xas long as short
edgeX HYPEUSDC+0.0083%4h93.256+0.267%$5.0M$30.1M30xas long as short
Lighter HYPE+0.0096%1h93.042+0.037%$16.2M$61.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.032+0.026%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.062+0.059%$67K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.106+0.106%$338K$162K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.090+0.089%$12K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.005−0.002%$5.7M$43.5M10xas long as short
Hyperliquid HYPE+0.0100%1h93.138+0.140%$2.03B$658.6M10xas long as short
Pacifica HYPE+0.0100%1h93.105+0.105%$10.0M$14.6M20xas long as short
Bulk HYPE-USD+0.0100%1h93.335+0.352%$203K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.081+0.079%$46.1M$17.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.020+0.014%$225.2M$96.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.155+0.159%$7.4M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.219+0.227%$31.1M$54.3Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.419+0.443%$7.5M$46.9M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.263+0.275%$337K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.218+0.226%$665K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.122+0.123%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.054+0.050%$473K$2.4M20xas long as short
Derive HYPE-PERP+0.0100%1h92.986−0.023%$16.1M$7.6M10xas long as short
SunX HYPE-USDT+0.0100%4h93.189+0.195%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.010+0.003%$2.0M$1.9M10xas long as short
Extended HYPE-USD+0.0104%1h92.987−0.021%$18.3M$43.6M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.002−0.006%$396K$170K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.100+0.100%$4.9M$5.4M50xas long as short
HTX HYPE-USDT+0.0207%4h93.200+0.207%$1.4M$5.9M75xas long as short
Reya HYPERUSDPERP+0.0256%1h93.002−0.006%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0276%8h93.073+0.071%$1.9M$4.8M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0298%1h93.093+0.092%$7.4M$4.4M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h93.023+0.017%$1.4M100xas long as short
RISEx HYPE/USDC+0.0510%1h93.157+0.161%$3.2M$6.7M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.170+0.175%$30K$338K12xas long as short
Kraken Futures PF_HYPEUSD+0.0687%1h93.087+0.086%$20.7M$30.0M50xas long as short