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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.009%
Price spread now: KuCoin against Extended−0.030%7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$250.246% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.032%−$3 on $10k
Price spread, last 7 days+0.041%+$4 · spread now −0.030%, 7d avg +0.030%
Together, before fees+0.009%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.060% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended HYPE-USD92.8420.0104pay 0.0013% / 1h4m 16s$18.3M$42.9M50x
ShortKuCoin HYPEUSDTM92.8140.0100get 0.0050% / 4h1h 04m$45.9M$18.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
−$0.84
Price spread: −0.030% → +0.030%
−$6.01
Slippage, 4 orders
−$7.59
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$31.44
Costs to cover
0.246%
Break-even
never at this rate
Slippage from Extended: live order book, 5 min ago; KuCoin: 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 Extended live order book, 5 min ago0.05 bp3.0 bp −$36.8 bp −$6823.7 bp −$2,367doesn't fit
Sell KuCoin live order book, 5 min ago0.43 bp8.5 bp −$815.7 bp −$157doesn'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
Arcus HYPE-USD−0.0899%1h92.708−0.144%$1.2M$3.8M10xas long as short
Hibachi HYPE/USDT-P−0.0896%1h92.844+0.002%$195K$227K7xas long as short
Ondo Perps HYPE-USD.P−0.0129%1h92.760−0.088%$698K$1.0M10xas long as short
Aftermath Perps HYPEUSD−0.0091%1h93.018+0.190%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.841−0.001%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0064%1h92.787−0.059%$86K$348K20xas long as short
Orderly PERP_HYPE_USDC−0.0055%4h92.815−0.029%$158K$658K20xas long as short
Bullet HYPE-USD−0.0002%1h92.826−0.017%$111K$579K20xas long as short
dYdX HYPE-USD0.0000%1h92.903+0.066%$127K$31K5xas long as short
Perpl HYPE0.0000%43m92.818−0.026%$23K$309K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0001%4h92.822−0.021%$8.8M$36.0M300xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.861+0.021%$62K150xas long as short
Phemex HYPEUSDT+0.0023%8h92.879+0.040%$12.5M$2.7M50xas long as short
Phoenix HYPE+0.0026%1h93.003+0.174%$212K$1.2M10xas long as short
BingX HYPE-USDT+0.0038%4h92.838−0.004%$53.1Mas long as short
Bybit HYPEUSDT+0.0044%8h92.840−0.002%$319.4M$277.2M75xas long as short
Gate HYPE_USDT+0.0044%4h92.825−0.018%$44.3M$55.9M75xas long as short
Derive HYPE-PERP+0.0067%1h92.818−0.025%$16.1M$7.5M10xas long as short
OKX HYPE-USDT-SWAP+0.0071%8h92.850+0.009%$113.2M$298.7M50xas long as short
MEXC HYPE_USDT+0.0086%4h92.832−0.010%$88.7M$81.5M100xas long as short
Binance HYPEUSDT+0.0086%4h92.825−0.018%$375.5M$882.8M75xas long as short
Paradex HYPE-USD-PERP+0.0095%8h92.863+0.024%$339K$163K20xas long as short
Lighter HYPE+0.0096%1h92.871+0.032%$16.1M$62.2M20xas long as short
Lighter RH HYPE+0.0096%1h92.853+0.012%$3.1M$11.7M20xas long as short
Popdex HYPEUSDT+0.0096%1h92.811−0.033%$67K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h92.800−0.045%$20K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h92.827−0.015%$5.8M$43.0M10xas long as short
Hyperliquid HYPE+0.0100%1h92.882+0.044%$2.02B$654.7M10xas long as short
Pacifica HYPE+0.0100%1h92.857+0.017%$10.0M$14.8M20xas long as short
KuCoin HYPEUSDTMshort+0.0100%4h92.814−0.030%$45.9M$18.2M75x
Bitget HYPEUSDT+0.0100%4h92.870+0.031%$224.5M$96.5M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.811−0.033%$7.4M$10.0M20xas long as short
Variational Omni HYPE+0.0100%8h92.797−0.048%$31.2M$53.7Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.172+0.356%$7.5M$46.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.081+0.258%$338K$998K50xas long as short
StandX HYPE-USD+0.0100%1h92.886+0.048%$664K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h92.860+0.020%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.865+0.025%$469K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.821−0.022%$79K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h92.921+0.086%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.891+0.053%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h92.810−0.034%$202K$13K10xas long as short
Extended HYPE-USDlong+0.0104%1h92.842long leg$18.3M$42.9M50x
Aevo HYPE-PERP+0.0104%1h92.866+0.027%$395K$162K20xas long as short
edgeX HYPEUSDC+0.0108%4h92.971+0.139%$5.0M$29.0M30xas long as short
HTX HYPE-USDT+0.0108%4h93.023+0.195%$1.4M$6.1M75xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h92.920+0.084%$4.7M$5.5M50xas long as short
Reya HYPERUSDPERP+0.0259%1h92.816−0.027%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0269%8h92.902+0.065%$1.9M$5.2M2.3xas long as short
BloFin HYPE-USDT+0.0326%4h92.824−0.019%$16.9M$11.4M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0330% / S −0.0156%1h92.858+0.018%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0460%1h92.983+0.152%$7.4M$4.4M50xas long as short
RISEx HYPE/USDC+0.0510%1h92.921+0.085%$3.2M$6.3M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.390+0.591%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0688%1h92.955+0.122%$20.7M$30.0M50xas long as short