Funding arb · Price arb /

HYPE

all HYPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Polymarket Perps against Pacifica−0.030%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$180.178% of the position

Long on Pacifica Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 7 days−0.066%−$7 · spread now −0.030%, 7d avg −0.047%

Together, before fees−0.023%+ Points / potential airdropPacifica: Active · farm board−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica HYPE	92.320	0.0100	pay 0.0013% / 1h	41m 04s	$10.0M	$15.0M	20x
Short	Polymarket Perps HYPE-USD	92.292	0.0100	get 0.0013% / 1h	41m 04s	$475K	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Pacifica. 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

Position, each leg$Hold fordaysFee PacificabpFee Polymarket PerpsbpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → −0.047%: $1.69
Slippage, 4 orders: −$1.76
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$16.06
Costs to cover: 0.178%
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; Polymarket Perps: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Pacifica live order book, 3 min ago	0.05 bp	4.4 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	0.05 bp	4.1 bp −$4	4.5 bp −$45	10.9 bp −$1,086	doesn't fit

HYPE on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus HYPE-USD	−0.0948%	1h	92.226	−0.102%	$1.2M	$3.8M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0520%	1h	92.314	−0.006%	$193K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0170%	1h	92.291	−0.031%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSD	−0.0120%	1h	92.308	−0.013%	$85K	$355K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.305	−0.016%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0069%	4h	92.270	−0.054%	$157K	$663K	20x	as long as short
Bullet HYPE-USD	−0.0062%	1h	92.271	−0.053%	$110K	$579K	20x	as long as short
Aster HYPEUSDT	−0.0007%	4h	92.309	−0.011%	$8.7M	$36.4M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.312	−0.008%	$127K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.261	−0.064%	$22K	$310K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.296	−0.026%	$61K	—	150x	as long as short
Ondo Perps HYPE-USD.P	+0.0020%	1h	92.240	−0.086%	$695K	$1.1M	10x	as long as short
BingX HYPE-USDT	+0.0030%	4h	92.330	+0.011%	—	$53.3M	—	as long as short
Phoenix HYPE	+0.0043%	1h	92.246	−0.080%	$209K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0052%	8h	92.400	+0.087%	$316.0M	$281.2M	75x	as long as short
Gate HYPE_USDT	+0.0058%	4h	92.358	+0.041%	$44.3M	$54.9M	75x	as long as short
Phemex HYPEUSDT	+0.0066%	8h	92.321	+0.001%	$12.5M	$2.7M	50x	as long as short
Derive HYPE-PERP	+0.0070%	1h	92.270	−0.054%	$16.0M	$7.5M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0077%	8h	92.413	+0.101%	$112.9M	$302.3M	50x	as long as short
MEXC HYPE_USDT	+0.0080%	4h	92.326	+0.007%	$87.1M	$80.5M	100x	as long as short
Binance HYPEUSDT	+0.0081%	4h	92.390	+0.076%	$370.4M	$900.0M	75x	as long as short
edgeX HYPEUSDC	+0.0089%	4h	92.287	−0.035%	$4.9M	$29.5M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0091%	8h	92.331	+0.012%	$338K	$163K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.320	+0.001%	$16.0M	$62.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.310	−0.011%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	92.298	−0.024%	$68K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.260	−0.065%	$29K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.291	−0.031%	$6.1M	$43.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.377	+0.062%	$2.01B	$665.4M	10x	as long as short
Pacifica HYPElong	+0.0100%	1h	92.320	long leg	$10.0M	$15.0M	20x
Bulk HYPE-USD	+0.0100%	1h	92.245	−0.081%	$201K	$13K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.313	−0.007%	$45.8M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.418	+0.106%	$224.2M	$98.4M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.320	0.000%	$7.4M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.258	−0.067%	$28.3M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.209	−0.120%	$7.5M	$45.9M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.186	−0.145%	$337K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.325	+0.006%	$663K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.324	+0.005%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USDshort	+0.0100%	1h	92.292	−0.030%	$475K	$2.6M	20x
Bluefin HYPE-PERP	+0.0100%	1h	92.271	−0.053%	$78K	$169K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.330	+0.011%	$31K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.306	−0.015%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.404	+0.091%	$1.4M	$6.2M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.387	+0.073%	$18.1M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.275	−0.049%	$390K	$164K	20x	as long as short
Injective HYPE/USDC PERP	+0.0150%	1h	93.000	+0.737%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0160%	1h	92.380	+0.065%	$4.7M	$5.5M	50x	as long as short
Kalshi KXHYPEPERP	+0.0255%	8h	92.333	+0.014%	$1.8M	$5.4M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0261%	1h	92.266	−0.059%	$79K	$138K	15x	as long as short
BloFin HYPE-USDT	+0.0321%	4h	92.305	−0.016%	$16.7M	$11.5M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0154%	1h	92.301	−0.020%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0333%	1h	92.355	+0.039%	$20.5M	$30.4M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0487%	1h	92.391	+0.077%	$7.5M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0687%	1h	92.374	+0.059%	$3.1M	$6.4M	20x	as long as short