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 00:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.30 per $10,000 · paid last 24h +0.017%
Price spread now: Bitget against Gate+0.026%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$380.380% of the position
Long on GateShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days+0.007%+$1 on $10k
Price spread, last 7 days−0.019%−$2 · spread now +0.026%, 7d avg +0.002%
Together, before fees−0.012%−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bitget is 0.024% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate HYPE_USDT93.0560.0040pay 0.0020% / 4h1h 32m$43.9M$58.1M75x
ShortBitget HYPEUSDT93.0800.0100get 0.0050% / 4h1h 32m$225.6M$103.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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
$12.6
Price spread: +0.026% → +0.002%
$2.35
Slippage, 4 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$23.05
Costs to cover
0.380%
Break-even
19.8 days
Slippage from Gate: live order book, 1 min ago; Bitget: live order book, 1 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 Gate live order book, 1 min ago0.70 bp10.8 bp −$1114.7 bp −$14735.5 bp −$3,55458.2 bp −$29.1K
Sell Bitget live order book, 1 min ago0.70 bp8.2 bp −$810.7 bp −$107doesn'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
Aftermath Perps HYPEUSD−0.0380%1h93.133+0.083%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0208%1h93.124+0.073%$197K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.094+0.041%$1.2M$4.0M10xas long as short
Ondo Perps HYPE-USD.P−0.0115%1h93.060+0.004%$698K$923K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.134+0.084%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0024%1h93.129+0.078%$90K$362K20xas long as short
Popdex HYPEUSDT−0.0008%1h93.107+0.055%$57K$1.2M50xas long as short
dYdX HYPE-USD0.0000%1h93.124+0.073%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.070+0.015%$23K$331K10xas long as short
Aster HYPEUSDT+0.0001%4h93.047−0.010%$8.8M$36.0M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.102+0.049%$20K—150xas long as short
Bullet HYPE-USD+0.0025%1h93.057+0.001%$111K$579K20xas long as short
Bybit HYPEUSDT+0.0025%8h93.060+0.004%$323.1M$287.1M75xas long as short
Orderly PERP_HYPE_USDC+0.0028%4h93.072+0.017%$172K$519K20xas long as short
Derive HYPE-PERP+0.0031%1h93.034−0.023%$16.2M$7.1M10xas long as short
Phoenix HYPE+0.0034%1h93.106+0.054%$214K$1.2M10xas long as short
Gate HYPE_USDTlong+0.0040%4h93.056long leg$43.9M$58.1M75x
Binance HYPEUSDT+0.0077%4h93.063+0.008%$382.4M$894.1M75xas long as short
MEXC HYPE_USDT+0.0078%4h93.044−0.013%$89.9M$81.8M100xas long as short
Lighter HYPE+0.0096%1h93.133+0.083%$18.5M$58.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.111+0.059%$3.1M$12.1M20xas long as short
Paradex HYPE-USD-PERP+0.0098%8h93.142+0.092%$338K$170K20xas long as short
edgeX HYPEUSDC+0.0099%4h93.079+0.024%$5.1M$29.6M30xas long as short
Katana Perps HYPE-USD+0.0100%8h93.120+0.069%$34K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.113+0.062%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.103+0.050%$2.02B$670.6M10xas long as short
Pacifica HYPE+0.0100%1h93.170+0.123%$10.0M$14.3M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.060+0.004%$113.8M$313.7M50xas long as short
Bulk HYPE-USD+0.0100%1h93.390+0.359%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.095+0.042%$47.1M$18.9M75xas long as short
Bitget HYPEUSDTshort+0.0100%4h93.080+0.026%$225.6M$103.0M75x
BingX HYPE-USDT+0.0100%4h93.063+0.008%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.091+0.038%$7.8M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h93.034−0.023%$29.0M$50.5M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.144+0.095%$7.5M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.135+0.085%$412K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.066+0.011%$673K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.118+0.066%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.136+0.086%$492K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.079+0.025%$75K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.089+0.035%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.083+0.029%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.073+0.018%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.017−0.042%$18.2M$42.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.084+0.030%$396K$318K20xas long as short
Kalshi KXHYPEPERP+0.0107%8h93.224+0.181%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.180+0.133%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.070+0.015%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0247%1h93.057+0.001%$78K$158K15xas long as short
HTX HYPE-USDT+0.0249%4h93.228+0.185%$1.5M$7.7M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.177+0.130%$2.8M$6.8M20xas long as short
BloFin HYPE-USDT+0.0308%4h93.074+0.019%$16.9M$12.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0158%1h93.095+0.042%$1.5M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0384%1h93.180+0.133%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0466%1h93.194+0.148%$20.8M$28.9M50xas long as short