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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 06:00 UTC+0.0142%/8h= +15.5% APRnext payment +$0.18 per $10,000 · paid last 24h +0.014%
Price spread now: Lighter against Bullet+0.168%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs+$2as in the Price arb table
costs, in and out, $10k−$130.134% of the position
Long on BulletShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.020%+$2 on $10k
Price spread, last 4 days (all we have)−0.410%−$41 · spread now +0.168%, 7d avg +0.018%
Together, before fees−0.391%+ Points / potential airdropLighter: Season 3 · farm board−$39 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.150% dearer against Bullet than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet HYPE-USD93.542−0.0046get 0.0006% / 1h48m 51s$111K$578K20x
ShortLighter HYPE93.6990.0096get 0.0012% / 1h48m 51s$16.2M$63.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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
$29.78
Price spread: +0.168% → +0.018%
$14.97
Slippage, 4 orders
−$5.37
Fee Bullet: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
$31.39
Costs to cover
0.134%
Break-even
from the start
Slippage from Bullet: live order book, 65 min ago; Lighter: live order book, 5 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 Bullet live order book, 65 min ago0.05 bp6.2 bp −$612.9 bp −$129doesn't fitdoesn't fit
Sell Lighter live order book, 5 min ago0.68 bp1.0 bp −$12.2 bp −$2212.3 bp −$1,22646.2 bp −$23.1K

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−0.1848%1h93.418−0.132%$196K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0365%1h93.494−0.051%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.494−0.051%$3K$33125xas long as short
Bullet HYPE-USDlong−0.0046%1h93.542long leg$111K$578K20x
Orderly PERP_HYPE_USDC−0.0032%4h93.520−0.023%$146K$663K20xas long as short
01 Exchange HYPEUSD−0.0032%1h93.528−0.015%$88K$365K20xas long as short
Ondo Perps HYPE-USD.P−0.0011%1h93.580+0.041%$704K$1.2M10xas long as short
dYdX HYPE-USD0.0000%1h93.530−0.013%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.508−0.036%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.559+0.018%$62K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus HYPE-USD+0.0011%1h93.473−0.074%$1.0M$3.9M10xas long as short
Bitget HYPEUSDT+0.0018%4h93.692+0.160%$226.7M$99.1M75xas long as short
Phemex HYPEUSDT+0.0024%8h93.557+0.016%$12.6M$2.7M50xas long as short
Bybit HYPEUSDT+0.0025%8h93.670+0.137%$318.6M$283.7M75xas long as short
Phoenix HYPE+0.0026%1h93.701+0.170%$210K$1.2M10xas long as short
edgeX HYPEUSDC+0.0083%4h93.497−0.048%$5.0M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.552+0.011%$340K$162K20xas long as short
Lighter HYPEshort+0.0096%1h93.699+0.168%$16.2M$63.0M20x
Lighter RH HYPE+0.0096%1h93.539−0.003%$3.1M$11.4M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.501−0.044%$77K$1.1M50xas long as short
Katana Perps HYPE-USD+0.0099%8h93.500−0.045%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.511−0.033%$7.6M$48.3M10xas long as short
Hyperliquid HYPE+0.0100%1h93.726+0.197%$2.04B$666.9M10xas long as short
Aster HYPEUSDT+0.0100%4h93.660+0.126%$8.8M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.547+0.005%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.681+0.149%$375.6M$911.2M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.680+0.148%$114.9M$310.0M50xas long as short
Bulk HYPE-USD+0.0100%1h93.614+0.077%$204K$3K10xas long as short
Gate HYPE_USDT+0.0100%4h93.683+0.151%$46.5M$54.0M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.674+0.141%$92.2M$80.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.672+0.139%$46.9M$18.7M75xas long as short
BingX HYPE-USDT+0.0100%4h93.687+0.155%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.582+0.043%$7.3M$10.9M20xas long as short
Variational Omni HYPE+0.0100%8h93.649+0.114%$28.7M$56.6M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.675+0.142%$7.6M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.596+0.058%$343K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.626+0.090%$670K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.574+0.034%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.527−0.016%$490K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.517−0.027%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.521−0.023%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.494−0.051%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.530−0.013%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.670+0.137%$1.4M$6.4M75xas long as short
Extended HYPE-USD+0.0104%1h93.654+0.120%$18.2M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.539−0.003%$395K$161K20xas long as short
Kalshi KXHYPEPERP+0.0120%8h93.569+0.029%$1.8M$5.6M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.440−0.109%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.560+0.019%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0268%1h93.496−0.049%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.554+0.013%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.529−0.014%$16.9M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0340%1h93.613+0.075%$20.9M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0434%1h93.635+0.099%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.568+0.028%$3.2M$6.3M20xas long as short