Funding arb · Price arb /

HYPE

all HYPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Aevo against Extended+0.037%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on Extended Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 4 days (all we have)−0.270%−$27 · spread now +0.037%, 7d avg +0.042%

Together, before fees−0.280%+ Points / potential airdropExtended: Active · farm board−$28 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended HYPE-USD	93.075	0.0104	pay 0.0013% / 1h	8m 52s	$18.3M	$42.8M	50x
Short	Aevo HYPE-PERP	93.109	0.0104	get 0.0013% / 1h	8m 52s	$396K	$162K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Extended. 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

Position, each leg$Hold fordaysFee ExtendedbpFee AevobpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → +0.042%: −$0.52
Slippage, 4 orders: −$14.11
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$35.63
Costs to cover: 0.351%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; Aevo: live order book, 55 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 5 min ago	0.05 bp	2.6 bp −$3	4.6 bp −$46	23.4 bp −$2,335	doesn't fit
Sell Aevo live order book, 55 min ago	3.81 bp	14.3 bp −$14	15.4 bp −$154	17.9 bp −$1,795	doesn't fit

HYPE on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.0976%	1h	93.211	+0.147%	$197K	$226K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	93.011	−0.069%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0132%	1h	93.090	+0.016%	$698K	$1.0M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.163	+0.095%	$3K	$331	25x	as long as short
Aftermath Perps HYPEUSD	−0.0077%	1h	93.219	+0.155%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	93.151	+0.082%	$85K	$345K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0048%	4h	93.121	+0.050%	$155K	$654K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.226	+0.163%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.155	+0.086%	$23K	$316K	10x	as long as short
Phemex HYPEUSDT	+0.0001%	8h	93.163	+0.095%	$12.6M	$2.7M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.164	+0.095%	$62K	—	150x	as long as short
Bullet HYPE-USD	+0.0005%	1h	93.137	+0.067%	$111K	$579K	20x	as long as short
Aster HYPEUSDT	+0.0022%	4h	93.145	+0.075%	$8.8M	$35.9M	300x	as long as short
Phoenix HYPE	+0.0026%	1h	93.210	+0.145%	$213K	$1.2M	10x	as long as short
BingX HYPE-USDT	+0.0036%	4h	93.065	−0.011%	—	$53.0M	—	as long as short
Gate HYPE_USDT	+0.0046%	4h	93.102	+0.029%	$44.5M	$55.6M	75x	as long as short
Bybit HYPEUSDT	+0.0047%	8h	93.062	−0.014%	$320.1M	$277.0M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0074%	8h	93.065	−0.011%	$113.6M	$298.8M	50x	as long as short
Derive HYPE-PERP	+0.0086%	1h	93.110	+0.038%	$16.2M	$7.5M	10x	as long as short
Lighter HYPE	+0.0096%	1h	93.137	+0.067%	$16.2M	$62.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.130	+0.059%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.138	+0.068%	$67K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0096%	8h	93.153	+0.084%	$339K	$162K	20x	as long as short
MEXC HYPE_USDT	+0.0098%	4h	93.097	+0.024%	$89.4M	$81.2M	100x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.120	+0.049%	$24K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.125	+0.054%	$5.8M	$43.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.174	+0.107%	$2.03B	$653.5M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.160	+0.092%	$10.0M	$14.8M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.065	−0.011%	$376.3M	$880.2M	75x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.118	+0.046%	$45.8M	$18.2M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.102	+0.029%	$225.2M	$96.4M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.139	+0.069%	$7.3M	$10.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.197	+0.131%	$31.4M	$53.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.289	+0.230%	$7.5M	$46.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.125	+0.054%	$338K	$998K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.310	+0.253%	$667K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.201	+0.136%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.158	+0.089%	$472K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.095	+0.022%	$79K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.168	+0.100%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.137	+0.067%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.155	+0.086%	$203K	$10K	10x	as long as short
Extended HYPE-USDlong	+0.0104%	1h	93.075	long leg	$18.3M	$42.8M	50x
Aevo HYPE-PERPshort	+0.0104%	1h	93.109	+0.037%	$396K	$162K	20x
edgeX HYPEUSDC	+0.0104%	4h	93.205	+0.139%	$5.0M	$28.9M	30x	as long as short
HTX HYPE-USDT	+0.0128%	4h	93.262	+0.201%	$1.4M	$6.0M	75x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.200	+0.134%	$4.8M	$5.5M	50x	as long as short
Reya HYPERUSDPERP	+0.0259%	1h	93.106	+0.033%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0271%	8h	93.193	+0.127%	$1.9M	$5.2M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0156%	1h	93.159	+0.091%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.118	+0.046%	$16.9M	$11.5M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0415%	1h	93.233	+0.170%	$7.4M	$4.3M	50x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.209	+0.144%	$3.2M	$6.3M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.390	+0.339%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0687%	1h	93.188	+0.121%	$20.7M	$29.8M	50x	as long as short