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 22:00 UTC+0.0255%/8h= +27.9% APRpaid last 24h +0.069%
Price spread now: Injective against Bybit+0.721%7-day average +0.206% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BybitShort on Injective
What this pair did over the last
the charts below follow
Funding, last 7 days+2.373%+$237 on $10k
Price spread, last 3 days (all we have)−0.732%−$73 · spread now +0.721%, 7d avg +0.206%
Together, before fees+1.641%+$164 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Injective is 0.515% dearer against Bybit than usual: you sell high and buy low: +$51 more if the spread goes back to its 7-day average of +0.206%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit HYPEUSDT93.2380.0030pay 0.0030% / 8h2h 05m$324.7M$287.0M75x
ShortInjective HYPE/USDC PERP93.9100.0285get 0.0036% / 1h5m 19s$31K$291K12x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective against Bybit. 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
$53.5
Price spread: +0.721% → +0.206%
$51.49
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$93.97
Costs to cover
0.110%
Break-even
from the start
Slippage unknown: Bybit: live order book, 4 min ago; Injective: live order book, 19 min ago. 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 Bybit live order book, 4 min ago0.54 bp6.0 bp −$66.3 bp −$6314.0 bp −$1,40360.2 bp −$30.1K
Sell Injective live order book, 19 min ago15.46 bpdoesn't fitdoesn't fitdoesn't fitdoesn'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−0.0840%1h93.256+0.020%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0259%1h93.348+0.118%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0230%1h93.210−0.030%$700K$934K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.258+0.021%$90K$359K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.220−0.019%$3K$33125xas long as short
Bullet HYPE-USD−0.0042%1h93.206−0.034%$111K$580K20xas long as short
Derive HYPE-PERP−0.0035%1h93.193−0.049%$16.3M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.280+0.045%$127K$32K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.335+0.104%$1.9M$5.2M2.3xas long as short
Perpl HYPE0.0000%43m93.245+0.008%$23K$335K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.282+0.048%$20K—150xas long as short
Aster HYPEUSDT+0.0009%4h93.244+0.006%$8.9M$35.7M300xas long as short
Gate HYPE_USDT+0.0028%4h93.244+0.006%$43.9M$57.8M75xas long as short
Bybit HYPEUSDTlong+0.0030%8h93.238long leg$324.7M$287.0M75x
Popdex HYPEUSDT+0.0032%1h93.240+0.002%$56K$1.2M50xas long as short
Orderly PERP_HYPE_USDC+0.0052%4h93.261+0.025%$166K$539K20xas long as short
Phoenix HYPE+0.0068%1h93.279+0.044%$215K$1.2M10xas long as short
Vest HYPE-PERP+0.0082%1h93.259+0.023%—$454K5xas long as short
SoDEX HYPE-USD+0.0084%1h93.220−0.019%$2.0M$2.0M10xas long as short
Bluefin HYPE-PERP+0.0096%1h93.269+0.033%$76K$168K20xas long as short
Lighter HYPE+0.0096%1h93.251+0.014%$18.6M$60.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.2380.000%$3.1M$12.4M20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.234−0.004%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.280+0.045%$36K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.243+0.005%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.307+0.074%$2.03B$671.2M10xas long as short
Pacifica HYPE+0.0100%1h93.239+0.001%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.243+0.005%$384.8M$889.0M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.240+0.002%$114.6M$314.5M50xas long as short
Arcus HYPE-USD+0.0100%1h93.206−0.034%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.285+0.050%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.242+0.004%$93.0M$82.5M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.244+0.006%$46.2M$18.8M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.262+0.026%$226.5M$102.6M75xas long as short
BingX HYPE-USDT+0.0100%4h93.241+0.003%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.262+0.026%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.211−0.029%$29.0M$50.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.304+0.071%$7.5M$45.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.323+0.091%$405K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.270+0.034%$674K$2.5M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.265+0.029%$492K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h93.290+0.056%$32K$1.6M20xas long as short
Phemex HYPEUSDT+0.0100%8h93.274+0.039%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.229−0.010%$18.4M$41.7M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.257+0.020%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0113%4h93.268+0.032%$5.1M$29.4M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.260+0.024%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0246%1h93.242+0.005%$78K$158K15xas long as short
Injective HYPE/USDC PERPshort+0.0285%1h93.910+0.721%$31K$291K12x
HTX HYPE-USDT+0.0292%4h93.450+0.227%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.277+0.041%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.275+0.040%$17.1M$12.5M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0350%1h93.360+0.131%$7.4M$4.6M50xas long as short
RISEx HYPE/USDC+0.0467%1h93.307+0.074%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.388+0.161%$19.2M$26.3M50xas long as short