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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter RH against SoDEX+0.139%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$5as in the Price arb table
costs, in and out, $10k−$170.167% of the position
Long on SoDEXShort on Lighter RH
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 4 days (all we have)−0.126%−$13 · spread now +0.139%, 7d avg +0.019%
Together, before fees−0.130%+ Points / potential airdropLighter RH: Points live · farm board−$13 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: Lighter RH is 0.120% dearer against SoDEX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.019%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX HYPE-USD93.1000.0100pay 0.0013% / 1h25m 23s$2.0M$1.9M10x
ShortLighter RH HYPE93.2290.0096get 0.0012% / 1h25m 23s$3.1M$11.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH 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
−$0.84
Price spread: +0.139% → +0.019%
$11.97
Slippage, 4 orders
−$8.72
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$5.58
Costs to cover
0.167%
Break-even
never at this rate
Slippage from SoDEX: live order book, 4 min ago; Lighter RH: live order book, 3 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, 4 min ago0.05 bp6.1 bp −$612.1 bp −$121100.9 bp −$10.1Kdoesn't fit
Sell Lighter RH live order book, 3 min ago1.02 bp2.2 bp −$23.2 bp −$3225.3 bp −$2,531doesn'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−0.1472%1h93.064−0.039%$197K$237K7xas long as short
Aftermath Perps HYPEUSD−0.0368%1h93.225+0.134%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.092−0.009%$3K$33125xas long as short
Bullet HYPE-USD−0.0074%1h93.282+0.195%$111K$580K20xas long as short
Orderly PERP_HYPE_USDC−0.0022%4h93.264+0.176%$146K$666K20xas long as short
01 Exchange HYPEUSD−0.0008%1h93.313+0.229%$87K$365K20xas long as short
dYdX HYPE-USD0.0000%1h93.217+0.125%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.278+0.191%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.303+0.218%$62K—150xas long as short
Arcus HYPE-USD+0.0011%1h93.289+0.203%$1.0M$3.9M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget HYPEUSDT+0.0012%4h93.276+0.189%$225.2M$99.0M75xas long as short
Bybit HYPEUSDT+0.0018%8h93.270+0.183%$316.9M$282.4M75xas long as short
Phoenix HYPE+0.0026%1h93.282+0.195%$207K$1.2M10xas long as short
Ondo Perps HYPE-USD.P+0.0027%1h93.190+0.097%$702K$1.2M10xas long as short
Phemex HYPEUSDT+0.0057%8h93.125+0.027%$12.7M$2.8M50xas long as short
edgeX HYPEUSDC+0.0085%4h93.101+0.001%$4.9M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0094%8h93.314+0.230%$340K$157K20xas long as short
Lighter HYPE+0.0096%1h93.221+0.130%$16.1M$63.2M20xas long as short
Lighter RH HYPEshort+0.0096%1h93.229+0.139%$3.1M$11.5M20x
Popdex HYPEUSDT+0.0096%1h93.289+0.203%$75K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.270+0.183%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.280+0.193%$8.0M$48.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.313+0.229%$2.03B$669.4M10xas long as short
Aster HYPEUSDT+0.0100%4h93.282+0.195%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.257+0.168%$10.0M$15.3M20xas long as short
Binance HYPEUSDT+0.0100%4h93.283+0.197%$373.8M$912.0M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.280+0.193%$114.5M$309.2M50xas long as short
Bulk HYPE-USD+0.0100%1h93.230+0.139%$215K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h93.280+0.193%$46.8M$54.4M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.289+0.203%$90.8M$81.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.288+0.202%$46.1M$18.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.280+0.193%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.128+0.030%$7.3M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.070−0.033%$28.4M$56.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.241+0.151%$7.5M$47.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.095−0.005%$341K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.151+0.055%$666K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.298+0.213%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.291+0.205%$483K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.290+0.204%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.087−0.013%$16.1M$7.4M10xas long as short
SunX HYPE-USDT+0.0100%4h93.130+0.032%$32K$1.6M20xas long as short
SoDEX HYPE-USDlong+0.0100%1h93.100long leg$2.0M$1.9M10x
HTX HYPE-USDT+0.0100%4h93.250+0.161%$1.4M$6.5M75xas long as short
Extended HYPE-USD+0.0104%1h93.293+0.208%$18.1M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.108+0.008%$394K$158K20xas long as short
Kalshi KXHYPEPERP+0.0105%8h93.191+0.098%$1.8M$5.6M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.620+0.559%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.150+0.054%$4.6M$5.8M50xas long as short
Reya HYPERUSDPERP+0.0269%1h93.270+0.183%$80K$127K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.296+0.211%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.096−0.004%$16.8M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0342%1h93.158+0.062%$20.8M$29.5M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0469%1h93.201+0.108%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.389+0.311%$3.2M$6.3M20xas long as short