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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0086%/8h= +9.4% APRnext payment +$0.11 per $10,000 · paid last 24h +0.036%
Price spread now: Extended against Ondo Perps+0.016%7-day average −0.029% · 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+0.157%+$16 on $10k
Price spread, last 7 days+0.262%+$26 · spread now +0.016%, 7d avg −0.029%
Together, before fees+0.418%+ Points / potential airdropOndo Perps: Active · Extended: Active · farm board+$42 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.044% dearer against Ondo Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps HYPE-USD.P92.8600.0018pay 0.0002% / 1h20m 29s$697K$1.1M10x
ShortExtended HYPE-USD92.8740.0104get 0.0013% / 1h20m 29s$18.0M$43.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$17.98
Price spread: +0.016% → −0.029%
$4.41
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$12.39
Costs to cover
0.100%
Break-even
2.2 days
Slippage unknown: Ondo Perps: no order-book sample; Extended: 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 Extended live order book, 4 min ago0.54 bp5.6 bp −$67.4 bp −$7427.5 bp −$2,754doesn'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−0.1720%1h92.759−0.109%$194K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0299%1h92.824−0.039%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h92.866+0.006%$1.0M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.882+0.024%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0058%4h92.851−0.010%$145K$681K20xas long as short
Bullet HYPE-USD−0.0003%1h92.929+0.074%$112K$577K20xas long as short
dYdX HYPE-USD0.0000%1h92.850−0.011%$127K$29K5xas long as short
Perpl HYPE0.0000%43m92.876+0.017%$22K$293K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.967+0.115%$62K150xas long as short
Ondo Perps HYPE-USD.Plong+0.0018%1h92.860long leg$697K$1.1M10x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange HYPEUSD+0.0024%1h92.923+0.068%$87K$364K20xas long as short
Phoenix HYPE+0.0026%1h92.921+0.066%$208K$1.2M10xas long as short
Bybit HYPEUSDT+0.0032%8h92.953+0.100%$316.2M$283.0M75xas long as short
Popdex HYPEUSDT+0.0040%1h92.900+0.043%$81K$1.1M50xas long as short
Bitget HYPEUSDT+0.0044%4h92.954+0.101%$225.0M$99.0M75xas long as short
Phemex HYPEUSDT+0.0049%8h92.862+0.002%$12.5M$2.7M50xas long as short
Lighter HYPE+0.0096%1h92.893+0.035%$16.0M$62.7M20xas long as short
Lighter RH HYPE+0.0096%1h92.890+0.032%$3.1M$11.6M20xas long as short
Gate HYPE_USDT+0.0096%4h92.894+0.037%$45.2M$54.5M75xas long as short
edgeX HYPEUSDC+0.0098%4h92.694−0.179%$4.9M$29.6M30xas long as short
Paradex HYPE-USD-PERP+0.0099%8h92.917+0.061%$339K$163K20xas long as short
Katana Perps HYPE-USD+0.0099%8h92.900+0.043%$39K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h92.875+0.017%$7.4M$46.1M10xas long as short
Hyperliquid HYPE+0.0100%1h92.927+0.072%$2.02B$666.8M10xas long as short
Aster HYPEUSDT+0.0100%4h92.959+0.106%$8.7M$36.2M300xas long as short
Pacifica HYPE+0.0100%1h92.927+0.072%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h92.954+0.101%$374.0M$906.5M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h92.944+0.090%$114.1M$304.1M50xas long as short
Bulk HYPE-USD+0.0100%1h92.709−0.163%$202K$13K10xas long as short
MEXC HYPE_USDT+0.0100%4h92.969+0.117%$91.5M$81.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.953+0.100%$46.2M$18.5M75xas long as short
BingX HYPE-USDT+0.0100%4h92.956+0.103%$53.9Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.879+0.020%$7.2M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h92.839−0.023%$28.5M$57.2Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.808−0.056%$7.5M$46.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.725−0.145%$340K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h92.846−0.015%$668K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h92.943+0.089%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.935+0.081%$487K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.892+0.034%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h92.858−0.002%$16.0M$7.6M10xas long as short
SunX HYPE-USDT+0.0100%4h92.903+0.046%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.874+0.015%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h92.995+0.145%$1.4M$6.3M75xas long as short
Extended HYPE-USDshort+0.0104%1h92.874+0.016%$18.0M$43.6M50x
Aevo HYPE-PERP+0.0104%1h92.861+0.001%$393K$164K20xas long as short
Kalshi KXHYPEPERP+0.0121%8h92.725−0.145%$1.8M$5.4M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h92.900+0.043%$4.7M$5.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0197%1h92.956+0.104%$20.7M$29.6M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h93.150+0.312%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0266%1h92.952+0.099%$79K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h92.965+0.113%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h92.872+0.013%$16.8M$11.6M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0450%1h92.967+0.115%$7.5M$4.5M50xas long as short
RISEx HYPE/USDC+0.0598%1h92.959+0.107%$3.2M$6.3M20xas long as short