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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0177%/8h= +19.3% APRnext payment +$0.22 per $10,000 · paid last 24h +0.024%
Price spread now: Vest against dYdX−0.025%7-day average −0.005% · you buy dearer than you sell
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)−0.053%−$5 on $10k
Price spread, last 3 days (all we have)+0.152%+$15 · spread now −0.025%, 7d avg −0.005%
Together, before fees+0.099%+ Points / potential airdropVest: Active · farm board+$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.053%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX HYPE-USD93.506−0.0077get 0.0010% / 1h0m 53s$128K$31K5x
ShortVest HYPE-PERP93.4820.0100get 0.0013% / 1h0m 53s$243K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest against dYdX. 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
$37.08
Price spread: −0.025% → −0.005%
−$1.97
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Vest: 1 bp × 2 orders
−$2
Net
$23.11
Costs to cover
0.120%
Break-even
2.6 days
Slippage unknown: dYdX: live order book, 8 min ago; Vest: 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 dYdX live order book, 8 min ago25.82 bp30.8 bp −$3142.9 bp −$429115.1 bp −$11.5K966.9 bp −$483.5K
Sell Vest no order-book sample
Vest: 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 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−0.1104%1h93.469−0.039%$198K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.297−0.223%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0180%1h93.772+0.285%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0107%1h93.380−0.134%$705K$961K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.407−0.105%$85K$359K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.439−0.071%$3K$33125xas long as short
dYdX HYPE-USDlong−0.0077%1h93.506long leg$128K$31K5x
Gate HYPE_USDT−0.0072%4h93.403−0.110%$44.2M$60.7M75xas long as short
Bullet HYPE-USD−0.0042%1h93.405−0.107%$112K$579K20xas long as short
Orderly PERP_HYPE_USDC−0.0041%4h93.363−0.153%$158K$647K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0006%4h93.410−0.102%$8.9M$36.1M300xas long as short
Perpl HYPE0.0000%43m93.436−0.074%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.436−0.075%$27K150xas long as short
Bybit HYPEUSDT+0.0015%8h93.410−0.102%$321.0M$279.7M75xas long as short
Derive HYPE-PERP+0.0024%1h93.343−0.174%$16.3M$7.5M10xas long as short
Phoenix HYPE+0.0034%1h93.887+0.408%$213K$1.2M10xas long as short
Phemex HYPEUSDT+0.0035%8h93.403−0.110%$12.7M$2.6M50xas long as short
Binance HYPEUSDT+0.0046%4h93.418−0.094%$380.8M$898.5M75xas long as short
MEXC HYPE_USDT+0.0052%4h93.409−0.103%$87.4M$83.7M100xas long as short
edgeX HYPEUSDC+0.0060%4h93.655+0.160%$5.1M$29.7M30xas long as short
Bluefin HYPE-PERP+0.0063%1h93.370−0.145%$76K$170K20xas long as short
OKX HYPE-USDT-SWAP+0.0071%8h93.420−0.092%$115.4M$313.6M50xas long as short
Lighter HYPE+0.0096%1h93.401−0.112%$18.8M$60.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.381−0.133%$3.0M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.409−0.103%$64K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.376−0.139%$397K$180K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.460−0.049%$339K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.390−0.124%$34K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.456−0.054%$6.6M$44.6M10xas long as short
Hyperliquid HYPE+0.0100%1h93.421−0.090%$2.03B$670.2M10xas long as short
Pacifica HYPE+0.0100%1h93.457−0.052%$10.0M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.406−0.107%$46.3M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.402−0.111%$226.1M$100.3M75xas long as short
BingX HYPE-USDT+0.0100%4h93.403−0.110%$53.9Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.302−0.218%$7.9M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.379−0.136%$30.9M$53.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.861+0.380%$7.6M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.599+0.100%$339K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.537+0.034%$668K$2.6M20xas long as short
Vest HYPE-PERPshort+0.0100%1h93.482−0.025%$243K5x
Polymarket Perps HYPE-USD+0.0100%1h93.440−0.070%$472K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.445−0.065%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.384−0.130%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.894+0.415%$204K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.372−0.143%$18.3M$44.8M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.420−0.092%$4.9M$5.5M50xas long as short
BloFin HYPE-USDT+0.0182%4h93.420−0.092%$17.0M$12.0M75xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.370−0.145%$30K$338K12xas long as short
RISEx HYPE/USDC+0.0222%1h93.454−0.056%$2.7M$6.7M20xas long as short
Kalshi KXHYPEPERP+0.0248%8h93.507+0.001%$1.9M$5.2M2.3xas long as short
Reya HYPERUSDPERP+0.0253%1h93.402−0.111%$79K$143K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h93.430−0.081%$1.4M100xas long as short
HTX HYPE-USDT+0.0352%4h93.550+0.047%$1.5M$6.0M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0585%1h93.493−0.013%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0676%1h93.440−0.070%$20.8M$29.8M50xas long as short