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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.040%
Price spread now: HTX against SoDEX+0.127%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$330.328% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.037%+$4 on $10k
Price spread, last 4 days (all we have)−0.146%−$15 · spread now +0.127%, 7d avg +0.054%
Together, before fees−0.110%−$11 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: HTX is 0.073% dearer against SoDEX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.054%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX HYPE-USD94.5300.0100pay 0.0013% / 1h47m 32s$2.1M$1.9M10x
ShortHTX HYPE-USDT94.6500.0100get 0.0050% / 4h47m 32s$1.4M$6.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against SoDEX. 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: +0.127% → +0.054%
$7.28
Slippage, 4 orders
−$12.77
Fee SoDEX: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$25.49
Costs to cover
0.328%
Break-even
never at this rate
Slippage from SoDEX: live order book, 1 min ago; HTX: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX live order book, 1 min ago0.05 bp7.1 bp −$713.1 bp −$13198.3 bp −$9,825doesn't fit
Sell HTX live order book, 1 min ago1.85 bp8.8 bp −$916.0 bp −$16052.1 bp −$5,213doesn'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−0.1240%1h94.263−0.282%$201K$250K7xas long as short
Bluefin HYPE-PERP−0.0332%1h94.489−0.043%$80K$154K20xas long as short
Aftermath Perps HYPEUSD−0.0136%1h94.384−0.155%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0120%1h94.480−0.053%$711K$1.2M10xas long as short
Bullet HYPE-USD−0.0111%1h94.522−0.009%$111K$575K20xas long as short
01 Exchange HYPEUSD−0.0104%1h94.543+0.014%$87K$366K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.525−0.005%$3K$33125xas long as short
Arcus HYPE-USD−0.0045%1h94.518−0.013%$1.0M$3.6M10xas long as short
Bybit HYPEUSDT−0.0013%8h94.500−0.032%$317.8M$289.5M75xas long as short
Derive HYPE-PERP−0.0001%1h94.469−0.065%$16.5M$7.5M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_HYPE_USDC−0.0001%4h94.504−0.028%$147K$685K20xas long as short
dYdX HYPE-USD0.0000%1h94.507−0.024%$130K$94K5xas long as short
Kalshi KXHYPEPERP0.0000%8h94.565+0.037%$1.9M$5.6M2.3xas long as short
Phoenix HYPE0.0000%1h94.351−0.189%$209K$1.1M10xas long as short
Perpl HYPE0.0000%43m94.502−0.030%$19K$287K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h94.550+0.021%$84K150xas long as short
BingX HYPE-USDT+0.0032%4h94.515−0.016%$53.6Mas long as short
Bitget HYPEUSDT+0.0038%4h94.524−0.006%$227.3M$100.2M75xas long as short
Phemex HYPEUSDT+0.0040%8h94.484−0.049%$12.9M$2.9M50xas long as short
Paradex HYPE-USD-PERP+0.0060%8h94.560+0.032%$338K$156K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0064%1h94.510−0.021%$4.7M$6.2M50xas long as short
edgeX HYPEUSDC+0.0084%4h94.405−0.133%$5.0M$30.7M30xas long as short
OKX HYPE-USDT-SWAP+0.0085%8h94.518−0.013%$117.9M$324.7M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0088%1h94.600+0.074%$7.4M$4.3M50xas long as short
Lighter HYPE+0.0096%1h94.529−0.001%$16.3M$63.9M20xas long as short
Lighter RH HYPE+0.0096%1h94.540+0.011%$3.2M$10.7M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.523−0.007%$82K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h94.510−0.021%$29K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h94.495−0.038%$7.3M$51.9M10xas long as short
Hyperliquid HYPE+0.0100%1h94.627+0.103%$2.08B$689.6M10xas long as short
Aster HYPEUSDT+0.0100%4h94.529−0.001%$8.8M$37.3M300xas long as short
Pacifica HYPE+0.0100%1h94.557+0.029%$10.2M$15.3M20xas long as short
Binance HYPEUSDT+0.0100%4h94.527−0.004%$378.7M$933.6M75xas long as short
Bulk HYPE-USD+0.0100%1h94.332−0.210%$218K$12K10xas long as short
Gate HYPE_USDT+0.0100%4h94.520−0.011%$49.6M$56.3M75xas long as short
MEXC HYPE_USDT+0.0100%4h94.5300.000%$90.6M$82.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.523−0.007%$47.2M$18.6M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.497−0.035%$7.6M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h94.347−0.194%$29.3M$54.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.421−0.115%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.435−0.100%$363K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h94.521−0.010%$683K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h94.558+0.029%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.547+0.018%$496K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h94.592+0.066%$32K$1.6M20xas long as short
SoDEX HYPE-USDlong+0.0100%1h94.530long leg$2.1M$1.9M10x
HTX HYPE-USDTshort+0.0100%4h94.650+0.127%$1.4M$6.8M75x
Extended HYPE-USD+0.0104%1h94.499−0.033%$18.3M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h94.524−0.006%$400K$159K20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0151% / S +0.0021%1h94.561+0.033%$1.4M100xas long as short
Injective HYPE/USDC PERP+0.0185%1h94.400−0.138%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0222%1h94.579+0.051%$20.3M$30.2M50xas long as short
RISEx HYPE/USDC+0.0249%1h94.548+0.019%$3.2M$6.4M20xas long as short
Reya HYPERUSDPERP+0.0272%1h94.507−0.024%$83K$123K15xas long as short
BloFin HYPE-USDT+0.0340%4h94.464−0.070%$17.1M$12.4M75xas long as short