data as of
Settings8H · net · $10k
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Funding arb /

HYPE

all HYPE markets
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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 spread now, next payment 16:00 UTC0.0000%/8h
next payment, per $10,000+$0.00paid, last 24h+0.003%paid, last 7 days+0.046%to open and close $10k−$21
Long on StandXShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX HYPE-USD94.1640.0100pay 0.0013% / 1h56m 47s$722K$2.0M20x
ShortBackpack HYPE_USDC_PERP94.0940.0100get 0.0013% / 1h56m 47s$8.1M$8.6M20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$0
Slippage, 4 orders
−$2.73
Fee StandX: 4 bp × 2 orders
−$8
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$20.73
Break-even
never at this rate
Slippage from StandX: live order book, 4 min ago; Backpack: live order book, 4 min ago.

Price risk

price view
Price gap now
−0.074%
Avg gap 7d
+0.227%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy StandX live order book, 4 min ago1.22 bp5.3 bp −$55.5 bp −$5514.0 bp −$1,402doesn't fit
Sell Backpack live order book, 4 min ago0.05 bp5.1 bp −$57.8 bp −$78169.5 bp −$17.0Kdoesn't fit

HYPE on 54 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.0696%1h$203K$178K7xas long as short
Orderly PERP_HYPE_USDC−0.0205%4h$170K$412K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h$3K$30725xas long as short
BingX HYPE-USDT−0.0050%4h—$49.7M—as long as short
OKX HYPE-USDT-SWAP−0.0044%8h$117.9M$302.1M50xas long as short
Bybit HYPEUSDT0.0000%8h$327.1M$280.2M75xas long as short
Perpl HYPE0.0000%43m$33K$349K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h$33K—150xas long as short
01 Exchange HYPEUSD+0.0008%1h$84K$299K20xas long as short
Gate HYPE_USDT+0.0058%4h$44.3M$53.3M75xas long as short
Show all 54 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Phemex HYPEUSDT+0.0089%8h$12.7M$2.2M50xas long as short
Lighter RH HYPE+0.0096%1h$3.1M$11.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h$161K$1.1M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0096%1h$5.0M$5.2M50xas long as short
Paradex HYPE-USD-PERP+0.0098%8h$338K$288K20xas long as short
Katana Perps HYPE-USD+0.0099%8h$9K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h$5.7M$42.9M10xas long as short
Hyperliquid HYPE+0.0100%1h$2.05B$562.5M10xas long as short
Aster HYPEUSDT+0.0100%4h$8.9M$32.8M300xas long as short
Pacifica HYPE+0.0100%1h$11.4M$12.0M20xas long as short
Binance HYPEUSDT+0.0100%4h$397.7M$783.7M75xas long as short
Ondo Perps HYPE-USD.P+0.0100%1h$704K$902K10xas long as short
Arcus HYPE-USD+0.0100%1h$1.2M$4.1M10xas long as short
Bulk HYPE-USD+0.0100%1h$214K$10K10xas long as short
MEXC HYPE_USDT+0.0100%4h$94.6M$81.3M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h$44.6M$19.8M75xas long as short
Bitget HYPEUSDT+0.0100%4h$233.4M$92.7M75xas long as short
Backpack HYPE_USDC_PERPshort+0.0100%1h$8.1M$8.6M20x
Variational Omni HYPE+0.0100%8h$30.8M$50.8M—as long as short
ApeX Omni HYPEUSDT+0.0100%1h$429K$951K50xas long as short
StandX HYPE-USDlong+0.0100%1h$722K$2.0M20x
Vest HYPE-PERP+0.0100%1h—$407K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h$465K$2.4M20xas long as short
Bullet HYPE-USD+0.0100%1h$112K$581K20xas long as short
Bluefin HYPE-PERP+0.0100%1h$69K$192K20xas long as short
Derive HYPE-PERP+0.0100%1h$16.7M$7.2M10xas long as short
SunX HYPE-USDT+0.0100%4h$28K$1.5M20xas long as short
SoDEX HYPE-USD+0.0100%1h$2.0M$1.9M10xas long as short
Extended HYPE-USD+0.0104%1h$18.5M$38.8M50xas long as short
Aevo HYPE-PERP+0.0104%1h$400K$342K20xas long as short
edgeX HYPEUSDC+0.0107%4h$5.1M$26.2M30xas long as short
Aftermath Perps HYPEUSD+0.0109%1h$22K$35K10xas long as short
Lighter HYPE+0.0120%1h$18.9M$53.1M20xas long as short
Phoenix HYPE+0.0152%1h$297K$1.1M10xas long as short
dYdX HYPE-USD+0.0160%1h$128K$23K5xas long as short
Kalshi KXHYPEPERP+0.0162%8h$1.7M$4.1M2.3xas long as short
Reya HYPERUSDPERP+0.0219%1h$74K$169K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0228%1h$7.3M$4.5M50xas long as short
HTX HYPE-USDT+0.0313%4h$1.5M$6.5M75xas long as short
BloFin HYPE-USDT+0.0340%4h$17.8M$11.9M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0344% / S −0.0160%1h$1.5M—100xas long as short
RISEx HYPE/USDC+0.0500%1h$2.5M$7.2M20xas long as short
Kraken Futures PF_HYPEUSD+0.0606%1h$16.8M$20.6M50xas long as short
Injective HYPE/USDC PERP+0.1001%1h$24K$319K12xas long as short