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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.032%
Price spread now: ApeX Omni against Ondo Perps+0.080%7-day average −0.013% · 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 7 days+0.137%+$14 on $10k
Price spread, last 7 days−0.082%−$8 · spread now +0.080%, 7d avg −0.013%
Together, before fees+0.055%+ Points / potential airdropOndo Perps: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and ApeX Omni is 0.092% dearer against Ondo Perps than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps HYPE-USD.P94.3000.0067pay 0.0008% / 1h5m 19s$711K$1.2M10x
ShortApeX Omni HYPEUSDT94.3750.0100get 0.0013% / 1h5m 19s$345K$1.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Ondo Perps. 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
$6.89
Price spread: +0.080% → −0.013%
$9.22
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$1.11
Costs to cover
0.150%
Break-even
5.9 days
Slippage unknown: Ondo Perps: 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 Ondo Perps no order-book sample
Sell ApeX Omni live order book, 4 min ago2.49 bp7.6 bp −$810.5 bp −$105doesn't fitdoesn't fit
Ondo Perps: 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−0.1304%1h94.273−0.029%$200K$239K7xas long as short
Aftermath Perps HYPEUSD−0.0338%1h94.298−0.002%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.427+0.135%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0014%4h94.309+0.010%$150K$681K20xas long as short
Bullet HYPE-USD−0.0001%1h94.333+0.035%$112K$580K20xas long as short
dYdX HYPE-USD0.0000%1h94.351+0.055%$129K$29K5xas long as short
01 Exchange HYPEUSD0.0000%1h94.334+0.036%$87K$372K20xas long as short
Perpl HYPE0.0000%43m94.362+0.065%$22K$291K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h94.343+0.045%$63K150xas long as short
Arcus HYPE-USD+0.0011%1h94.302+0.002%$1.0M$4.0M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX HYPE-USDT+0.0016%4h94.335+0.037%$53.7Mas long as short
Bybit HYPEUSDT+0.0021%8h94.292−0.008%$318.6M$286.9M75xas long as short
Phoenix HYPE+0.0026%1h94.438+0.146%$211K$1.2M10xas long as short
Phemex HYPEUSDT+0.0030%8h94.323+0.024%$12.8M$2.8M50xas long as short
Bitget HYPEUSDT+0.0034%4h94.319+0.020%$227.5M$99.4M75xas long as short
Ondo Perps HYPE-USD.Plong+0.0067%1h94.300long leg$711K$1.2M10x
edgeX HYPEUSDC+0.0092%4h94.364+0.068%$5.0M$30.4M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h94.371+0.076%$343K$158K20xas long as short
Lighter HYPE+0.0096%1h94.327+0.029%$16.4M$63.8M20xas long as short
Lighter RH HYPE+0.0096%1h94.341+0.043%$3.2M$11.7M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.313+0.014%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h94.290−0.011%$30K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h94.340+0.043%$7.2M$49.0M10xas long as short
Hyperliquid HYPE+0.0100%1h94.425+0.133%$2.07B$679.5M10xas long as short
Aster HYPEUSDT+0.0100%4h94.359+0.063%$8.8M$36.6M300xas long as short
Pacifica HYPE+0.0100%1h94.403+0.110%$10.2M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h94.339+0.041%$379.2M$925.0M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h94.285−0.016%$116.5M$317.7M50xas long as short
Gate HYPE_USDT+0.0100%4h94.331+0.033%$48.2M$55.8M75xas long as short
MEXC HYPE_USDT+0.0100%4h94.327+0.029%$90.1M$82.6M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.330+0.032%$46.6M$18.9M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.450+0.159%$7.3M$10.7M20xas long as short
Variational Omni HYPE+0.0100%8h94.388+0.094%$28.9M$56.5Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.427+0.134%$7.7M$48.2M10xas long as short
ApeX Omni HYPEUSDTshort+0.0100%1h94.375+0.080%$345K$1.0M50x
StandX HYPE-USD+0.0100%1h94.424+0.131%$676K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h94.406+0.112%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.328+0.030%$479K$2.8M20xas long as short
Bluefin HYPE-PERP+0.0100%1h94.311+0.012%$80K$167K20xas long as short
Derive HYPE-PERP+0.0100%1h94.295−0.005%$16.3M$7.4M10xas long as short
SunX HYPE-USDT+0.0100%4h94.447+0.156%$33K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.316+0.017%$2.1M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h94.550+0.265%$1.4M$6.6M75xas long as short
Bulk HYPE-USD+0.0100%1h94.197−0.109%$217K$15K10xas long as short
Extended HYPE-USD+0.0104%1h94.274−0.028%$18.2M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h94.312+0.013%$399K$159K20xas long as short
Injective HYPE/USDC PERP+0.0122%1h94.610+0.329%$31K$339K12xas long as short
Kalshi KXHYPEPERP+0.0123%8h94.472+0.182%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h94.460+0.170%$4.7M$6.1M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0163%1h94.381+0.086%$7.5M$4.1M50xas long as short
Reya HYPERUSDPERP+0.0270%1h94.305+0.006%$78K$130K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h94.340+0.043%$1.4M100xas long as short
Kraken Futures PF_HYPEUSD+0.0337%1h94.401+0.107%$21.0M$29.6M50xas long as short
BloFin HYPE-USDT+0.0340%4h94.335+0.037%$16.8M$12.3M75xas long as short
RISEx HYPE/USDC+0.0527%1h94.356+0.059%$3.2M$6.3M20xas long as short