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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%
Price spread now: Vest against SoDEX+0.029%7-day average −0.010% · 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 3 days (all we have)−0.118%−$12 on $10k
Price spread, last 4 days (all we have)−0.029%−$3 · spread now +0.029%, 7d avg −0.010%
Together, before fees−0.147%+ Points / potential airdropVest: Active · farm board−$15 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: Vest is 0.039% dearer against SoDEX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX HYPE-USD92.9140.0100pay 0.0013% / 1h44m 07s$2.0M$2.0M10x
ShortVest HYPE-PERP92.9410.0100get 0.0013% / 1h44m 07s$243K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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: +0.029% → −0.010%
$3.87
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Vest: 1 bp × 2 orders
−$2
Net
−$6.13
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: SoDEX: live order book, 5 min ago; Vest: no order-book sample. 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 SoDEX live order book, 5 min ago0.32 bp6.8 bp −$712.6 bp −$126101.2 bp −$10.1Kdoesn't fit
Sell Vest no order-book sample
Vest: 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−0.0944%1h92.689−0.242%$193K$229K7xas long as short
Aftermath Perps HYPEUSD−0.0266%1h92.851−0.068%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h92.857−0.061%$1.1M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.870−0.047%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0062%4h92.875−0.042%$158K$667K20xas long as short
dYdX HYPE-USD0.0000%1h92.854−0.064%$127K$29K5xas long as short
Kalshi KXHYPEPERP0.0000%8h92.955+0.044%$1.8M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m92.912−0.002%$22K$301K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.937+0.024%$62K150xas long as short
Bullet HYPE-USD+0.0004%1h92.878−0.039%$112K$578K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps HYPE-USD.P+0.0023%1h92.820−0.101%$698K$1.1M10xas long as short
Phoenix HYPE+0.0026%1h92.899−0.016%$210K$1.2M10xas long as short
Gate HYPE_USDT+0.0026%4h92.919+0.005%$44.8M$53.9M75xas long as short
Bybit HYPEUSDT+0.0032%8h92.913−0.001%$316.3M$282.7M75xas long as short
Phemex HYPEUSDT+0.0046%8h92.922+0.009%$12.5M$2.7M50xas long as short
01 Exchange HYPEUSD+0.0056%1h92.936+0.024%$87K$362K20xas long as short
Bitget HYPEUSDT+0.0074%4h92.922+0.009%$225.1M$99.1M75xas long as short
Popdex HYPEUSDT+0.0088%1h92.908−0.006%$70K$1.1M50xas long as short
Aster HYPEUSDT+0.0090%4h92.916+0.002%$8.7M$36.1M300xas long as short
Lighter HYPE+0.0096%1h92.928+0.015%$16.1M$62.4M20xas long as short
Lighter RH HYPE+0.0096%1h92.935+0.023%$3.1M$11.6M20xas long as short
Paradex HYPE-USD-PERP+0.0097%8h92.890−0.026%$339K$163K20xas long as short
edgeX HYPEUSDC+0.0099%4h92.872−0.045%$4.9M$29.6M30xas long as short
Katana Perps HYPE-USD+0.0099%8h92.910−0.004%$39K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h92.853−0.065%$7.4M$45.8M10xas long as short
Hyperliquid HYPE+0.0100%1h92.966+0.056%$2.03B$665.3M10xas long as short
Pacifica HYPE+0.0100%1h92.895−0.020%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h92.928+0.016%$373.7M$904.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h92.924+0.011%$113.9M$304.6M50xas long as short
Bulk HYPE-USD+0.0100%1h92.942+0.030%$202K$13K10xas long as short
MEXC HYPE_USDT+0.0100%4h92.919+0.005%$87.3M$80.1M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.918+0.004%$46.1M$18.4M75xas long as short
BingX HYPE-USDT+0.0100%4h92.924+0.011%$54.0Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.934+0.022%$7.3M$11.3M20xas long as short
Variational Omni HYPE+0.0100%8h92.879−0.038%$28.6M$57.4Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.944+0.032%$7.5M$46.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.852−0.067%$350K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h92.859−0.059%$667K$2.8M20xas long as short
Vest HYPE-PERPshort+0.0100%1h92.941+0.029%$243K5x
Polymarket Perps HYPE-USD+0.0100%1h92.928+0.015%$468K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.884−0.032%$79K$167K20xas long as short
Derive HYPE-PERP+0.0100%1h92.876−0.041%$16.0M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h92.919+0.005%$32K$1.6M20xas long as short
SoDEX HYPE-USDlong+0.0100%1h92.914long leg$2.0M$2.0M10x
Extended HYPE-USD+0.0104%1h92.881−0.036%$18.0M$43.6M50xas long as short
Aevo HYPE-PERP+0.0104%1h92.921+0.007%$393K$164K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h92.950+0.039%$4.7M$5.6M50xas long as short
HTX HYPE-USDT+0.0169%4h93.057+0.154%$1.4M$6.3M75xas long as short
Kraken Futures PF_HYPEUSD+0.0197%1h92.980+0.071%$20.6M$30.5M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h92.740−0.187%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0264%1h92.905−0.010%$79K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h92.9140.000%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h92.796−0.127%$16.7M$11.6M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0406%1h93.004+0.097%$7.5M$4.5M50xas long as short
RISEx HYPE/USDC+0.0598%1h92.957+0.046%$3.1M$6.4M20xas long as short