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 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%
Price spread now: Variational Omni against MEXC+0.050%7-day average −0.033% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on MEXCShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.001%$0 on $10k
Price spread, last 7 days−0.075%−$7 · spread now +0.050%, 7d avg −0.033%
Together, before fees−0.073%+ Points / potential airdropVariational Omni: Active · farm board−$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: Variational Omni is 0.083% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC HYPE_USDT93.2050.0100pay 0.0050% / 4h1h 58m$92.6M$80.9M100x
ShortVariational Omni HYPE93.2520.0100get 0.0100% / 8h1h 58m$29.1M$50.3M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against MEXC. 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% → −0.033%
$8.34
Slippage, 4 orders
no order book: not counted
Fee MEXC: 2 bp × 2 orders
−$4
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$4.34
Costs to cover
0.040%
Break-even
from the start
Slippage unknown: MEXC: live order book, 5 min ago; Variational Omni: RFQ quote, just now. 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 MEXC live order book, 5 min ago0.05 bp2.1 bp −$22.8 bp −$288.8 bp −$88231.2 bp −$15.6K
Sell Variational Omni RFQ quote, just now0.42 bpdoesn't fit4.7 bp −$4727.9 bp −$2,789doesn'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−0.0768%1h93.294+0.095%$197K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0276%1h93.283+0.084%$22K$22K10xas long as short
Arcus HYPE-USD−0.0131%1h93.201−0.004%$1.2M$4.1M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.214+0.010%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0076%1h93.150−0.059%$701K$932K10xas long as short
Derive HYPE-PERP−0.0037%1h93.209+0.005%$16.4M$7.1M10xas long as short
Bullet HYPE-USD−0.0033%1h93.243+0.041%$111K$580K20xas long as short
dYdX HYPE-USD0.0000%1h93.280+0.080%$127K$32K5xas long as short
01 Exchange HYPEUSD0.0000%1h93.291+0.092%$90K$360K20xas long as short
Kalshi KXHYPEPERP0.0000%8h93.335+0.139%$1.9M$5.3M2.3xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.251+0.049%$23K$334K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.299+0.101%$20K—150xas long as short
Aster HYPEUSDT+0.0008%4h93.219+0.016%$8.9M$35.8M300xas long as short
Bybit HYPEUSDT+0.0028%8h93.191−0.015%$324.6M$287.4M75xas long as short
Gate HYPE_USDT+0.0036%4h93.215+0.011%$44.0M$56.3M75xas long as short
Orderly PERP_HYPE_USDC+0.0049%4h93.281+0.082%$167K$512K20xas long as short
Phoenix HYPE+0.0068%1h93.358+0.164%$216K$1.2M10xas long as short
Vest HYPE-PERP+0.0078%1h93.279+0.079%—$454K5xas long as short
Lighter HYPE+0.0096%1h93.308+0.111%$18.6M$58.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.287+0.088%$3.1M$12.0M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.263+0.062%$57K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.237+0.034%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.260+0.059%$36K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.254+0.053%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.295+0.097%$2.03B$672.1M10xas long as short
Pacifica HYPE+0.0100%1h93.246+0.044%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.218+0.014%$384.6M$890.0M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.161−0.047%$114.7M$314.4M50xas long as short
Bulk HYPE-USD+0.0100%1h93.271+0.071%$204K$12K10xas long as short
MEXC HYPE_USDTlong+0.0100%4h93.205long leg$92.6M$80.9M100x
KuCoin HYPEUSDTM+0.0100%4h93.170−0.038%$46.1M$18.8M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.184−0.023%$226.3M$102.7M75xas long as short
BingX HYPE-USDT+0.0100%4h93.196−0.010%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.290+0.091%$7.9M$11.7M20xas long as short
Variational Omni HYPEshort+0.0100%8h93.252+0.050%$29.1M$50.3M—
GRVT HYPE_USDT_Perp+0.0100%4h93.313+0.115%$7.5M$44.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.276+0.076%$405K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.324+0.128%$675K$2.5M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.297+0.099%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.278+0.078%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.299+0.101%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.265+0.064%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.263+0.062%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.193−0.013%$18.3M$41.8M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.291+0.092%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0111%4h93.275+0.075%$5.1M$29.5M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.360+0.166%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.160−0.048%$30K$291K12xas long as short
Reya HYPERUSDPERP+0.0246%1h93.268+0.068%$78K$158K15xas long as short
RISEx HYPE/USDC+0.0280%1h93.301+0.103%$2.8M$6.8M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0296%1h93.375+0.182%$7.4M$4.6M50xas long as short
HTX HYPE-USDT+0.0301%4h93.485+0.300%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.291+0.092%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.267+0.067%$17.0M$12.4M75xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.432+0.244%$19.8M$27.0M50xas long as short