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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.021%
Price spread now: Gate against Hotstuff+0.115%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 +$4 a day on $10k at the current rate, and Gate is 0.115% dearer against Hotstuff than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff HYPE-PERP92.202−0.0080get 0.0010% / 1h43m 57s$3K$33125x
ShortGate HYPE_USDT92.3080.0052get 0.0026% / 4h43m 57s$44.3M$54.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$27.72
Price spread: +0.115% → 0.000%
$11.5
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$19.22
Costs to cover
0.200%
Break-even
2.1 days
Slippage unknown: Hotstuff: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago0.70 bp10.8 bp −$1116.9 bp −$16929.1 bp −$2,91451.0 bp −$25.5K
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
Arcus HYPE-USD−0.0948%1h92.241+0.042%$1.2M$3.8M10xas long as short
Hibachi HYPE/USDT-P−0.0568%1h92.240+0.042%$193K$229K7xas long as short
Aftermath Perps HYPEUSD−0.0155%1h92.323+0.131%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0128%1h92.288+0.093%$85K$353K20xas long as short
Hotstuff HYPE-PERPlong−0.0080%1h92.202long leg$3K$33125x
Orderly PERP_HYPE_USDC−0.0070%4h92.240+0.041%$157K$663K20xas long as short
Bullet HYPE-USD−0.0060%1h92.260+0.063%$110K$579K20xas long as short
Aster HYPEUSDT−0.0012%4h92.275+0.079%$8.7M$36.4M300xas long as short
dYdX HYPE-USD0.0000%1h92.238+0.039%$126K$31K5xas long as short
Perpl HYPE0.0000%43m92.292+0.098%$22K$310K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.278+0.082%$61K150xas long as short
Ondo Perps HYPE-USD.P+0.0019%1h92.200−0.002%$696K$1.1M10xas long as short
BingX HYPE-USDT+0.0030%4h92.298+0.104%$53.3Mas long as short
Phoenix HYPE+0.0043%1h92.430+0.247%$209K$1.2M10xas long as short
Bybit HYPEUSDT+0.0047%8h92.312+0.119%$315.8M$281.0M75xas long as short
Gate HYPE_USDTshort+0.0052%4h92.308+0.115%$44.3M$54.8M75x
Derive HYPE-PERP+0.0060%1h92.227+0.028%$16.0M$7.5M10xas long as short
Phemex HYPEUSDT+0.0061%8h92.305+0.112%$12.5M$2.7M50xas long as short
MEXC HYPE_USDT+0.0074%4h92.311+0.118%$87.1M$80.4M100xas long as short
Binance HYPEUSDT+0.0075%4h92.338+0.148%$370.2M$898.8M75xas long as short
OKX HYPE-USDT-SWAP+0.0076%8h92.332+0.141%$112.8M$301.6M50xas long as short
edgeX HYPEUSDC+0.0078%4h92.205+0.003%$4.9M$29.5M30xas long as short
Popdex HYPEUSDT+0.0088%1h92.293+0.099%$67K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0091%8h92.292+0.097%$338K$163K20xas long as short
ApeX Omni HYPEUSDT+0.0094%1h92.216+0.015%$337K$1.0M50xas long as short
Lighter HYPE+0.0096%1h92.273+0.077%$16.0M$62.3M20xas long as short
Lighter RH HYPE+0.0096%1h92.294+0.100%$3.1M$11.7M20xas long as short
Aevo HYPE-PERP+0.0096%1h92.257+0.059%$390K$164K20xas long as short
Katana Perps HYPE-USD+0.0099%8h92.260+0.063%$23K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h92.296+0.102%$5.8M$43.2M10xas long as short
Hyperliquid HYPE+0.0100%1h92.347+0.157%$2.01B$664.8M10xas long as short
Pacifica HYPE+0.0100%1h92.285+0.090%$10.0M$15.0M20xas long as short
Bulk HYPE-USD+0.0100%1h92.245+0.047%$201K$13K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.274+0.078%$45.8M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h92.328+0.137%$224.0M$98.3M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.290+0.095%$7.3M$10.2M20xas long as short
Variational Omni HYPE+0.0100%8h92.158−0.048%$28.3M$57.3Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.327+0.136%$7.5M$45.9M10xas long as short
StandX HYPE-USD+0.0100%1h92.228+0.028%$662K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h92.321+0.129%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.304+0.111%$475K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h92.340+0.150%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.273+0.077%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h92.455+0.274%$1.4M$6.2M75xas long as short
Extended HYPE-USD+0.0104%1h92.303+0.110%$18.1M$43.5M50xas long as short
Injective HYPE/USDC PERP+0.0150%1h92.170−0.035%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0160%1h92.370+0.182%$4.7M$5.5M50xas long as short
Bluefin HYPE-PERP+0.0206%1h92.230+0.030%$78K$169K20xas long as short
Kalshi KXHYPEPERP+0.0259%8h92.294+0.100%$1.8M$5.4M2.3xas long as short
Reya HYPERUSDPERP+0.0261%1h92.317+0.125%$78K$140K15xas long as short
BloFin HYPE-USDT+0.0299%4h92.165−0.040%$16.7M$11.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0329% / S −0.0153%1h92.284+0.089%$1.4M100xas long as short
Kraken Futures PF_HYPEUSD+0.0333%1h92.343+0.153%$20.5M$30.4M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0617%1h92.362+0.174%$7.5M$4.4M50xas long as short
RISEx HYPE/USDC+0.0687%1h92.361+0.172%$3.1M$6.4M20xas long as short