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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0154%/8h= +16.9% APRnext payment +$0.19 per $10,000 · paid last 24h +0.052%
Price spread now: ApeX Omni against Hotstuff+0.095%7-day average · 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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and ApeX Omni is 0.095% dearer against Hotstuff than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff HYPE-PERP93.712−0.0080get 0.0010% / 1h50m 27s$3K$33125x
ShortApeX Omni HYPEUSDT93.8010.0074get 0.0009% / 1h50m 27s$348K$1.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hotstuff. 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
$32.32
Price spread: +0.095% → 0.000%
$9.5
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$26.82
Costs to cover
0.150%
Break-even
1.2 days
Slippage unknown: Hotstuff: no order-book sample; ApeX Omni: 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
LegHalf-spread$10k$100k$1M$5M
Buy Hotstuff no order-book sample
Sell ApeX Omni live order book, 4 min ago2.24 bp8.7 bp −$912.1 bp −$121doesn't fitdoesn't fit
Hotstuff: 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−0.1160%1h93.719+0.007%$199K$242K7xas long as short
Aftermath Perps HYPEUSD−0.0262%1h93.860+0.158%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0106%1h93.760+0.051%$706K$1.2M10xas long as short
Hotstuff HYPE-PERPlong−0.0080%1h93.712long leg$3K$33125x
01 Exchange HYPEUSD−0.0064%1h93.826+0.122%$86K$372K20xas long as short
Bullet HYPE-USD−0.0049%1h93.791+0.084%$111K$581K20xas long as short
Bluefin HYPE-PERP−0.0036%1h93.694−0.019%$79K$156K20xas long as short
Orderly PERP_HYPE_USDC−0.0019%4h93.672−0.043%$149K$681K20xas long as short
dYdX HYPE-USD0.0000%1h93.821+0.116%$129K$29K5xas long as short
Perpl HYPE0.0000%43m93.784+0.077%$22K$285K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.823+0.119%$63K150xas long as short
BingX HYPE-USDT+0.0010%4h93.783+0.076%$53.8Mas long as short
Bybit HYPEUSDT+0.0012%8h93.780+0.073%$316.8M$287.7M75xas long as short
Phoenix HYPE+0.0017%1h93.780+0.073%$210K$1.1M10xas long as short
Bitget HYPEUSDT+0.0040%4h93.786+0.079%$226.0M$99.5M75xas long as short
Phemex HYPEUSDT+0.0066%8h93.752+0.043%$12.8M$2.8M50xas long as short
ApeX Omni HYPEUSDTshort+0.0074%1h93.801+0.095%$348K$1.0M50x
Arcus HYPE-USD+0.0084%1h93.754+0.045%$1.0M$4.0M10xas long as short
Paradex HYPE-USD-PERP+0.0086%8h93.796+0.089%$335K$161K20xas long as short
edgeX HYPEUSDC+0.0091%4h93.758+0.049%$5.0M$30.5M30xas long as short
Derive HYPE-PERP+0.0092%1h93.670−0.045%$16.3M$7.5M10xas long as short
Lighter HYPE+0.0096%1h93.763+0.054%$16.2M$63.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.770+0.062%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.787+0.080%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.800+0.094%$23K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.698−0.014%$7.4M$50.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.878+0.177%$2.05B$681.3M10xas long as short
Aster HYPEUSDT+0.0100%4h93.796+0.090%$8.9M$37.4M300xas long as short
Pacifica HYPE+0.0100%1h93.797+0.091%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.794+0.088%$376.1M$930.1M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.790+0.083%$115.8M$316.5M50xas long as short
Gate HYPE_USDT+0.0100%4h93.772+0.064%$48.4M$54.9M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.795+0.089%$89.0M$83.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.777+0.069%$46.3M$18.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.780+0.073%$7.2M$10.8M20xas long as short
Variational Omni HYPE+0.0100%8h93.670−0.045%$28.6M$56.1Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.822+0.117%$7.6M$48.1M10xas long as short
StandX HYPE-USD+0.0100%1h93.732+0.021%$679K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.831+0.127%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.814+0.109%$471K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.774+0.066%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.700−0.013%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.850+0.147%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.731+0.020%$216K$15K10xas long as short
Extended HYPE-USD+0.0104%1h93.749+0.040%$18.2M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.697−0.016%$396K$159K20xas long as short
Kalshi KXHYPEPERP+0.0106%8h93.778+0.070%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.700−0.013%$4.7M$6.1M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.610+0.958%$31K$339K12xas long as short
Reya HYPERUSDPERP+0.0271%1h93.780+0.073%$77K$130K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h93.813+0.108%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0337%1h93.800+0.094%$7.4M$4.2M50xas long as short
BloFin HYPE-USDT+0.0340%4h93.701−0.012%$17.0M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0415%1h93.768+0.060%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.833+0.129%$3.2M$6.4M20xas long as short