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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Variational Omni against Pacifica−0.016%7-day average −0.026% · you buy dearer than you sell
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 3 days (all we have)−0.003%$0 on $10k
Price spread, last 7 days+0.009%+$1 · spread now −0.016%, 7d avg −0.026%
Together, before fees+0.006%+ Points / potential airdropPacifica: Active · Variational Omni: Active · farm board+$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica HYPE93.3820.0100pay 0.0013% / 1h35m 43s$10.0M$14.6M20x
ShortVariational Omni HYPE93.3670.0100get 0.0100% / 8h5h 35m$31.1M$53.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Funding earned
$0
Price spread: −0.016% → −0.026%
$1
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$7
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Pacifica: live order book, 3 min ago; Variational Omni: RFQ quote, 3 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 Pacifica live order book, 3 min ago0.05 bp4.5 bp −$5doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 3 min ago0.53 bpdoesn't fit5.0 bp −$5018.7 bp −$1,870doesn'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−0.1296%1h93.292−0.096%$196K$226K7xas long as short
Arcus HYPE-USD−0.0899%1h93.240−0.152%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0099%1h93.300−0.088%$699K$982K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.343−0.042%$3K$33125xas long as short
Phemex HYPEUSDT−0.0062%8h93.367−0.016%$12.6M$2.7M50xas long as short
01 Exchange HYPEUSD−0.0056%1h93.351−0.033%$85K$344K20xas long as short
Aftermath Perps HYPEUSD−0.0053%1h93.379−0.004%$22K$21K10xas long as short
Orderly PERP_HYPE_USDC−0.0045%4h93.354−0.030%$155K$634K20xas long as short
Bullet HYPE-USD−0.0016%1h93.392+0.011%$112K$577K20xas long as short
dYdX HYPE-USD0.0000%1h93.361−0.023%$128K$31K5xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.398+0.017%$23K$322K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.414+0.034%$62K150xas long as short
Aster HYPEUSDT+0.0020%4h93.399+0.019%$8.8M$35.5M300xas long as short
Phoenix HYPE+0.0026%1h93.398+0.017%$213K$1.2M10xas long as short
BingX HYPE-USDT+0.0026%4h93.386+0.004%$53.0Mas long as short
Bybit HYPEUSDT+0.0032%8h93.340−0.045%$321.2M$277.1M75xas long as short
Gate HYPE_USDT+0.0058%4h93.394+0.013%$44.6M$54.8M75xas long as short
OKX HYPE-USDT-SWAP+0.0078%8h93.340−0.045%$114.1M$301.8M50xas long as short
Lighter HYPE+0.0096%1h93.376−0.006%$16.3M$61.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.397+0.016%$3.1M$11.6M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.341−0.044%$69K$1.2M50xas long as short
MEXC HYPE_USDT+0.0096%4h93.350−0.034%$89.8M$80.7M100xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.391+0.009%$339K$162K20xas long as short
Binance HYPEUSDT+0.0098%4h93.367−0.016%$378.6M$876.6M75xas long as short
Katana Perps HYPE-USD+0.0100%8h93.340−0.045%$17K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.388+0.006%$5.8M$43.3M10xas long as short
Hyperliquid HYPE+0.0100%1h93.433+0.055%$2.04B$653.5M10xas long as short
Pacifica HYPElong+0.0100%1h93.382long leg$10.0M$14.6M20x
Bulk HYPE-USD+0.0100%1h93.580+0.212%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.399+0.018%$45.9M$18.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.347−0.037%$225.7M$96.6M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.377−0.005%$7.4M$10.3M20xas long as short
Variational Omni HYPEshort+0.0100%8h93.367−0.016%$31.1M$53.9M
GRVT HYPE_USDT_Perp+0.0100%4h93.307−0.080%$7.5M$45.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.310−0.077%$339K$999K50xas long as short
StandX HYPE-USD+0.0100%1h93.386+0.004%$666K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.392+0.010%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.381−0.001%$472K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.375−0.007%$79K$170K20xas long as short
Derive HYPE-PERP+0.0100%1h93.373−0.010%$16.2M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.449+0.072%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.401+0.020%$2.0M$1.9M10xas long as short
Extended HYPE-USD+0.0104%1h93.376−0.007%$18.4M$43.6M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.393+0.012%$397K$162K20xas long as short
edgeX HYPEUSDC+0.0108%4h93.349−0.035%$5.1M$29.6M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.420+0.041%$4.8M$5.6M50xas long as short
HTX HYPE-USDT+0.0194%4h93.546+0.176%$1.4M$6.0M75xas long as short
Reya HYPERUSDPERP+0.0258%1h93.358−0.025%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0277%8h93.458+0.081%$1.9M$5.0M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0328%1h93.481+0.106%$7.5M$4.4M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h93.410+0.030%$1.4M100xas long as short
BloFin HYPE-USDT+0.0336%4h93.364−0.019%$17.0M$11.6M75xas long as short
RISEx HYPE/USDC+0.0510%1h93.453+0.075%$3.2M$6.4M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.180−0.216%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0685%1h93.444+0.066%$20.8M$29.9M50xas long as short