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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%
Price spread now: Vest against Gate+0.050%7-day average +0.021% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.090%−$9 on $10k
Price spread, last 4 days (all we have)+0.108%+$11 · spread now +0.050%, 7d avg +0.021%
Together, before fees+0.018%+ Points / potential airdropVest: Active · farm board+$2 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: Vest is 0.029% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate HYPE_USDT93.2140.0100pay 0.0050% / 4h2h 30m$46.7M$54.3M75x
ShortVest HYPE-PERP93.2600.0100get 0.0013% / 1h30m 45s$243K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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
$0
Price spread: +0.050% → +0.021%
$2.89
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Vest: 1 bp × 2 orders
−$2
Net
−$14.11
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Gate: live order book, 3 min ago; Vest: no order-book sample. Net counts fees only.

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, 3 min ago0.43 bp11.3 bp −$1115.8 bp −$15831.3 bp −$3,12656.4 bp −$28.2K
Sell Vest no order-book sample
Vest: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.1568%1h93.135−0.085%$196K$234K7xas long as short
Aftermath Perps HYPEUSD−0.0359%1h93.298+0.091%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.195−0.020%$3K$33125xas long as short
Bullet HYPE-USD−0.0061%1h93.174−0.043%$110K$578K20xas long as short
Orderly PERP_HYPE_USDC−0.0023%4h93.157−0.061%$146K$662K20xas long as short
01 Exchange HYPEUSD−0.0016%1h93.225+0.012%$87K$366K20xas long as short
dYdX HYPE-USD0.0000%1h93.219+0.005%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.203−0.012%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.207−0.007%$62K150xas long as short
Arcus HYPE-USD+0.0011%1h93.166−0.051%$1.0M$4.0M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget HYPEUSDT+0.0016%4h93.194−0.021%$225.2M$99.0M75xas long as short
Bybit HYPEUSDT+0.0020%8h93.200−0.015%$316.6M$282.9M75xas long as short
Ondo Perps HYPE-USD.P+0.0024%1h93.150−0.069%$702K$1.2M10xas long as short
Phoenix HYPE+0.0026%1h93.263+0.053%$207K$1.2M10xas long as short
Phemex HYPEUSDT+0.0054%8h93.201−0.014%$12.6M$2.7M50xas long as short
edgeX HYPEUSDC+0.0088%4h93.175−0.041%$5.0M$30.0M30xas long as short
Paradex HYPE-USD-PERP+0.0094%8h93.223+0.009%$339K$162K20xas long as short
Lighter HYPE+0.0096%1h93.217+0.003%$16.1M$63.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.209−0.005%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.189−0.027%$75K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.160−0.058%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.207−0.008%$8.0M$48.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.241+0.029%$2.03B$669.0M10xas long as short
Aster HYPEUSDT+0.0100%4h93.242+0.030%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.229+0.016%$10.0M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.222+0.009%$373.5M$912.9M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.192−0.024%$114.3M$309.4M50xas long as short
Bulk HYPE-USD+0.0100%1h93.230+0.017%$215K$15K10xas long as short
Gate HYPE_USDTlong+0.0100%4h93.214long leg$46.7M$54.3M75x
MEXC HYPE_USDT+0.0100%4h93.228+0.015%$91.0M$81.1M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.218+0.004%$46.1M$18.9M75xas long as short
BingX HYPE-USDT+0.0100%4h93.226+0.013%$53.9Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.225+0.012%$7.3M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.131−0.090%$28.5M$56.3Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.218+0.004%$7.5M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.165−0.053%$342K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.230+0.017%$667K$2.8M20xas long as short
Vest HYPE-PERPshort+0.0100%1h93.260+0.050%$243K5x
Polymarket Perps HYPE-USD+0.0100%1h93.206−0.009%$483K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.169−0.048%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.154−0.064%$16.1M$7.4M10xas long as short
SunX HYPE-USDT+0.0100%4h93.210−0.004%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.162−0.056%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.329+0.123%$1.4M$6.5M75xas long as short
Extended HYPE-USD+0.0104%1h93.182−0.035%$18.1M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.178−0.039%$394K$158K20xas long as short
Kalshi KXHYPEPERP+0.0108%8h93.259+0.048%$1.8M$5.7M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.120−0.101%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.230+0.017%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0269%1h93.187−0.029%$80K$127K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.193−0.022%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.160−0.058%$16.9M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0342%1h93.225+0.011%$20.8M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0426%1h93.257+0.046%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.265+0.055%$3.2M$6.3M20xas long as short