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+0.0012%/8h= +1.3% APRpaid last 24h +0.006%
Price spread now: Polymarket Perps against edgeX+0.111%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$190.193% of the position
Long on edgeXShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 7 days−0.050%−$5 on $10k
Price spread, last 7 days−0.212%−$21 · spread now +0.111%, 7d avg −0.013%
Together, before fees−0.261%+ Points / potential airdropedgeX: Active · farm board−$26 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Polymarket Perps is 0.124% dearer against edgeX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX HYPEUSDC93.1750.0088pay 0.0044% / 4h2h 28m$5.0M$30.0M30x
ShortPolymarket Perps HYPE-USD93.2790.0100get 0.0013% / 1h28m 39s$483K$2.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against edgeX. 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
$2.59
Price spread: +0.111% → −0.013%
$12.44
Slippage, 4 orders
−$2.28
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$4.25
Costs to cover
0.193%
Break-even
18.5 days
Slippage from edgeX: live order book, just now; Polymarket Perps: 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 edgeX live order book, just now0.22 bp4.9 bp −$55.1 bp −$51153.3 bp −$15.3Kdoesn't fit
Sell Polymarket Perps live order book, 5 min ago0.70 bp4.8 bp −$55.4 bp −$5411.7 bp −$1,174doesn'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−0.1528%1h93.137−0.041%$196K$234K7xas long as short
Aftermath Perps HYPEUSD−0.0370%1h93.259+0.090%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.236+0.065%$3K$33125xas long as short
Bullet HYPE-USD−0.0058%1h93.249+0.079%$111K$578K20xas long as short
Orderly PERP_HYPE_USDC−0.0023%4h93.211+0.038%$146K$662K20xas long as short
01 Exchange HYPEUSD−0.0016%1h93.311+0.146%$87K$365K20xas long as short
dYdX HYPE-USD0.0000%1h93.218+0.045%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.255+0.085%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.280+0.112%$62K—150xas long as short
Arcus HYPE-USD+0.0011%1h93.126−0.053%$1.0M$3.9M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget HYPEUSDT+0.0014%4h93.147−0.030%$225.1M$98.8M75xas long as short
Bybit HYPEUSDT+0.0017%8h93.122−0.057%$316.4M$282.7M75xas long as short
Ondo Perps HYPE-USD.P+0.0022%1h93.160−0.017%$702K$1.2M10xas long as short
Phoenix HYPE+0.0026%1h93.282+0.114%$207K$1.2M10xas long as short
Phemex HYPEUSDT+0.0049%8h93.222+0.050%$12.7M$2.8M50xas long as short
edgeX HYPEUSDClong+0.0088%4h93.175long leg$5.0M$30.0M30x
Paradex HYPE-USD-PERP+0.0094%8h93.200+0.026%$339K$157K20xas long as short
Lighter HYPE+0.0096%1h93.166−0.010%$16.1M$63.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.165−0.011%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.294+0.127%$75K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.170−0.006%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.279+0.112%$8.0M$48.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.232+0.061%$2.03B$669.1M10xas long as short
Aster HYPEUSDT+0.0100%4h93.169−0.006%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.171−0.005%$10.0M$15.3M20xas long as short
Binance HYPEUSDT+0.0100%4h93.153−0.024%$373.3M$912.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.141−0.037%$114.3M$308.7M50xas long as short
Bulk HYPE-USD+0.0100%1h93.230+0.058%$215K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h93.150−0.027%$46.7M$54.3M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.146−0.032%$90.8M$81.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.146−0.032%$46.0M$18.9M75xas long as short
BingX HYPE-USDT+0.0100%4h93.150−0.027%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.221+0.049%$7.3M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.131−0.048%$28.5M$56.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.193+0.019%$7.5M$47.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.165−0.011%$342K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.238+0.067%$667K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.325+0.160%—$243K5xas long as short
Polymarket Perps HYPE-USDshort+0.0100%1h93.279+0.111%$483K$2.7M20x
Bluefin HYPE-PERP+0.0100%1h93.232+0.061%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.211+0.039%$16.1M$7.4M10xas long as short
SunX HYPE-USDT+0.0100%4h93.260+0.091%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.191+0.017%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.425+0.268%$1.4M$6.5M75xas long as short
Extended HYPE-USD+0.0104%1h93.118−0.061%$18.1M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.223+0.051%$394K$158K20xas long as short
Kalshi KXHYPEPERP+0.0106%8h93.272+0.104%$1.8M$5.6M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.190+0.016%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.310+0.144%$4.6M$5.8M50xas long as short
Reya HYPERUSDPERP+0.0269%1h93.257+0.087%$80K$127K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.274+0.106%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.309+0.143%$16.8M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0342%1h93.251+0.081%$20.8M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0447%1h93.306+0.140%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.213+0.040%$3.2M$6.3M20xas long as short