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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.016%
Price spread now: OKX against KuCoin+0.010%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$330.329% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.055%−$5 on $10k
Price spread, last 7 days−0.011%−$1 · spread now +0.010%, 7d avg −0.014%
Together, before fees−0.065%−$7 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: OKX is 0.024% dearer against KuCoin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin HYPEUSDTM93.4440.0100pay 0.0050% / 4h2h 44m$46.8M$18.7M75x
ShortOKX HYPE-USDT-SWAP93.4530.0100get 0.0100% / 8h2h 44m$114.7M$309.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against KuCoin. 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: +0.010% → −0.014%
$2.41
Slippage, 4 orders
−$10.93
Fee KuCoin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$30.52
Costs to cover
0.329%
Break-even
never at this rate
Slippage from KuCoin: live order book, 9 min ago; OKX: live order book, 4 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 KuCoin live order book, 9 min ago0.05 bp11.4 bp −$1115.6 bp −$156doesn't fitdoesn't fit
Sell OKX live order book, 4 min ago0.05 bp6.0 bp −$69.3 bp −$9318.0 bp −$1,799doesn'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
Hibachi HYPE/USDT-P−0.1816%1h93.346−0.105%$196K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0381%1h93.513+0.074%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.463+0.020%$3K$33125xas long as short
Bullet HYPE-USD−0.0061%1h93.425−0.021%$111K$578K20xas long as short
Orderly PERP_HYPE_USDC−0.0027%4h93.420−0.026%$146K$663K20xas long as short
01 Exchange HYPEUSD−0.0024%1h93.454+0.011%$88K$366K20xas long as short
Ondo Perps HYPE-USD.P−0.0017%1h93.390−0.058%$702K$1.2M10xas long as short
dYdX HYPE-USD0.0000%1h93.502+0.062%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.435−0.009%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.457+0.014%$62K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus HYPE-USD+0.0011%1h93.404−0.043%$1.0M$3.9M10xas long as short
Bitget HYPEUSDT+0.0018%4h93.432−0.013%$226.1M$98.8M75xas long as short
Bybit HYPEUSDT+0.0023%8h93.440−0.004%$317.7M$283.7M75xas long as short
Phoenix HYPE+0.0026%1h93.637+0.207%$209K$1.2M10xas long as short
Phemex HYPEUSDT+0.0027%8h93.429−0.016%$12.6M$2.7M50xas long as short
edgeX HYPEUSDC+0.0081%4h93.544+0.107%$5.0M$30.0M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.491+0.051%$340K$162K20xas long as short
Lighter HYPE+0.0096%1h93.456+0.013%$16.1M$63.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.453+0.010%$3.1M$11.4M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.447+0.003%$77K$1.1M50xas long as short
Katana Perps HYPE-USD+0.0099%8h93.430−0.015%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.462+0.020%$7.8M$48.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.491+0.050%$2.04B$668.1M10xas long as short
Aster HYPEUSDT+0.0100%4h93.441−0.003%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.479+0.037%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.448+0.004%$374.7M$911.3M75xas long as short
OKX HYPE-USDT-SWAPshort+0.0100%8h93.453+0.010%$114.7M$309.4M50x
Bulk HYPE-USD+0.0100%1h93.614+0.182%$204K$3K10xas long as short
Gate HYPE_USDT+0.0100%4h93.460+0.017%$46.5M$54.0M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.469+0.027%$91.8M$80.3M100xas long as short
KuCoin HYPEUSDTMlong+0.0100%4h93.444long leg$46.8M$18.7M75x
BingX HYPE-USDT+0.0100%4h93.452+0.009%$54.0Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.455+0.012%$7.3M$10.9M20xas long as short
Variational Omni HYPE+0.0100%8h93.419−0.027%$28.7M$56.6Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.490+0.049%$7.5M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.540+0.103%$343K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.478+0.036%$669K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.507+0.068%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.457+0.014%$490K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.436−0.009%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.416−0.029%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.416−0.030%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.433−0.012%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.608+0.176%$1.4M$6.4M75xas long as short
Extended HYPE-USD+0.0104%1h93.410−0.037%$18.2M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.425−0.020%$395K$161K20xas long as short
Kalshi KXHYPEPERP+0.0107%8h93.517+0.078%$1.8M$5.6M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.410−0.036%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.530+0.092%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0268%1h93.422−0.024%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.456+0.013%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.426−0.019%$16.9M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0341%1h93.501+0.061%$20.8M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0392%1h93.525+0.087%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.493+0.052%$3.2M$6.3M20xas long as short