Funding arb · Price arb /

HYPE

all HYPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h +0.069%

Price spread now: HTX against gTrade (Gains Network)+0.102%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.102% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) HYPE/USD	93.110	L +0.0002% / S −0.0002%	pay 0.0000% / 1h	14m 45s	$62K	—	150x
Short	HTX HYPE-USDT	93.205	0.0100	get 0.0050% / 4h	3h 14m	$1.4M	$6.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee HTXbpOrdersPrice spread, now +0.102%Rate

Funding earned: $20.52
Price spread: +0.102% → 0.000%: $10.2
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: $8.72
Costs to cover: 0.220%
Break-even: 4.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; HTX: live order book, 4 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell HTX live order book, 4 min ago	1.93 bp	10.8 bp −$11	13.7 bp −$137	54.8 bp −$5,482	doesn't fit

gTrade (Gains Network): 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.1768%	1h	93.085	−0.027%	$194K	$232K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0311%	1h	92.987	−0.132%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	93.049	−0.066%	$1.1M	$3.9M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.085	−0.027%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0053%	4h	93.053	−0.061%	$146K	$674K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.078	−0.034%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.087	−0.025%	$22K	$293K	10x	as long as short
gTrade (Gains Network) HYPE/USDlong	L +0.0002% / S −0.0002%	1h	93.110	long leg	$62K	—	150x
Bullet HYPE-USD	+0.0008%	1h	93.085	−0.026%	$111K	$577K	20x	as long as short
Ondo Perps HYPE-USD.P	+0.0017%	1h	93.000	−0.118%	$701K	$1.1M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange HYPEUSD	+0.0024%	1h	93.103	−0.008%	$87K	$365K	20x	as long as short
Phoenix HYPE	+0.0026%	1h	93.103	−0.008%	$208K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0031%	8h	92.983	−0.136%	$317.1M	$284.0M	75x	as long as short
Phemex HYPEUSDT	+0.0031%	8h	93.079	−0.033%	$12.6M	$2.7M	50x	as long as short
Bitget HYPEUSDT	+0.0042%	4h	93.002	−0.116%	$225.1M	$99.1M	75x	as long as short
Popdex HYPEUSDT	+0.0048%	1h	93.071	−0.042%	$76K	$1.1M	50x	as long as short
Gate HYPE_USDT	+0.0092%	4h	93.022	−0.095%	$45.3M	$54.6M	75x	as long as short
Lighter HYPE	+0.0096%	1h	93.003	−0.115%	$16.0M	$62.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.030	−0.086%	$3.1M	$11.6M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.035	−0.080%	$339K	$163K	20x	as long as short
edgeX HYPEUSDC	+0.0099%	4h	93.181	+0.076%	$5.0M	$29.8M	30x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	93.060	−0.054%	$31K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.070	−0.042%	$7.1M	$46.3M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.051	−0.063%	$2.03B	$668.5M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.021	−0.096%	$8.7M	$36.3M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.021	−0.096%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.995	−0.124%	$373.3M	$909.9M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	92.983	−0.136%	$113.9M	$305.2M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.709	−0.431%	$202K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.993	−0.126%	$91.3M	$81.4M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.003	−0.115%	$46.1M	$18.5M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.013	−0.104%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.045	−0.070%	$7.3M	$11.2M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.999	−0.120%	$28.6M	$56.8M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.250	+0.150%	$7.5M	$46.7M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.266	+0.168%	$342K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.081	−0.031%	$665K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.121	+0.012%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.115	+0.005%	$488K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.082	−0.030%	$79K	$167K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.048	−0.067%	$16.0M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.080	−0.032%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.037	−0.078%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDTshort	+0.0100%	4h	93.205	+0.102%	$1.4M	$6.3M	75x
Extended HYPE-USD	+0.0104%	1h	92.994	−0.125%	$18.1M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.070	−0.043%	$393K	$164K	20x	as long as short
Kalshi KXHYPEPERP	+0.0116%	8h	93.148	+0.041%	$1.8M	$5.5M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.130	+0.021%	$4.7M	$5.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0197%	1h	93.094	−0.018%	$20.7M	$29.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	93.410	+0.322%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0266%	1h	93.070	−0.043%	$79K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	93.099	−0.012%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.042	−0.073%	$16.8M	$11.8M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0545%	1h	93.157	+0.050%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	93.137	+0.029%	$3.2M	$6.3M	20x	as long as short