Funding arb · Price arb /

HYPE

all HYPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0015%/8h= −1.6% APRpaid last 24h −0.007%

Price spread now: edgeX against StandX−0.031%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$220.224% of the position

Long on StandX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 7 days−0.003%$0 · spread now −0.031%, 7d avg −0.035%

Together, before fees+0.001%+ Points / potential airdropStandX: Active · edgeX: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.035%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX HYPE-USD	95.142	0.0086	pay 0.0011% / 1h	48m 47s	$692K	$2.7M	20x
Short	edgeX HYPEUSDC	95.113	0.0072	get 0.0036% / 4h	1h 48m	$5.1M	$29.2M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against StandX. 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

Position, each leg$Hold fordaysFee StandXbpFee edgeXbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$3.07
Price spread: −0.031% → −0.035%: $0.46
Slippage, 4 orders: −$5.44
Fee StandX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$25.05
Costs to cover: 0.224%
Break-even: never at this rate

Slippage from StandX: live order book, 3 min ago; edgeX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy StandX live order book, 3 min ago	1.26 bp	5.3 bp −$5	5.4 bp −$54	15.5 bp −$1,548	doesn't fit
Sell edgeX live order book, 3 min ago	0.68 bp	5.2 bp −$5	5.7 bp −$57	207.1 bp −$20.7K	doesn't fit

HYPE on 54 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.1088%	1h	95.235	+0.097%	$215K	$263K	7x	as long as short
Phemex HYPEUSDT	−0.0260%	8h	94.994	−0.156%	$12.9M	$2.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	−0.0252%	1h	94.957	−0.195%	$18.5M	$35.2M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0211%	1h	94.920	−0.233%	$689K	$1.2M	10x	as long as short
Lighter HYPE	−0.0184%	1h	94.933	−0.220%	$16.3M	$57.5M	20x	as long as short
Arcus HYPE-USD	−0.0130%	1h	94.992	−0.158%	$1.1M	$2.4M	10x	as long as short
01 Exchange HYPEUSD	−0.0128%	1h	94.951	−0.201%	$96K	$338K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0124%	1h	95.188	+0.049%	$22K	$17K	10x	as long as short
Gate HYPE_USDT	−0.0096%	4h	94.901	−0.253%	$54.7M	$53.2M	75x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.191	+0.052%	$3K	$331	25x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni HYPEUSDT	−0.0068%	1h	95.141	−0.001%	$342K	$887K	50x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0056%	1h	95.020	−0.128%	$4.7M	$5.5M	50x	as long as short
Bullet HYPE-USD	−0.0053%	1h	94.979	−0.172%	$113K	$581K	20x	as long as short
Popdex HYPEUSDT	−0.0048%	1h	94.962	−0.189%	$273K	$1.0M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0046%	4h	94.925	−0.228%	$147K	$643K	20x	as long as short
Aster HYPEUSDT	−0.0043%	4h	94.899	−0.255%	$8.9M	$32.7M	300x	as long as short
SoDEX HYPE-USD	−0.0018%	1h	94.950	−0.202%	$2.1M	$340K	10x	as long as short
OKX HYPE-USDT-SWAP	−0.0015%	8h	94.892	−0.263%	$118.7M	$302.4M	50x	as long as short
Phoenix HYPE	−0.0008%	1h	95.326	+0.193%	$199K	$1.1M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.991	−0.159%	$129K	$94K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.998	−0.151%	$24K	$250K	10x	as long as short
Deribit HYPE_USDC-PERPETUAL	0.0000%	1h	95.036	−0.111%	$7.5M	$4.3M	50x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.192	+0.052%	$100K	—	150x	as long as short
Bitget HYPEUSDT	+0.0016%	4h	94.915	−0.239%	$228.1M	$86.8M	75x	as long as short
Bybit HYPEUSDT	+0.0018%	8h	94.902	−0.252%	$319.5M	$265.5M	75x	as long as short
edgeX HYPEUSDCshort	+0.0072%	4h	95.113	−0.031%	$5.1M	$29.2M	30x
Bluefin HYPE-PERP	+0.0073%	1h	94.979	−0.171%	$79K	$135K	20x	as long as short
Bulk HYPE-USD	+0.0074%	1h	95.269	+0.133%	$232K	$12K	10x	as long as short
Paradex HYPE-USD-PERP	+0.0076%	8h	94.981	−0.169%	$339K	$34K	20x	as long as short
Binance HYPEUSDT	+0.0077%	4h	94.903	−0.251%	$381.4M	$851.5M	75x	as long as short
MEXC HYPE_USDT	+0.0082%	4h	94.900	−0.254%	$89.9M	$83.2M	100x	as long as short
StandX HYPE-USDlong	+0.0086%	1h	95.142	long leg	$692K	$2.7M	20x
BingX HYPE-USDT	+0.0092%	4h	94.905	−0.249%	—	$49.4M	—	as long as short
Lighter RH HYPE	+0.0096%	1h	94.952	−0.200%	$3.4M	$10.1M	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	94.980	−0.170%	$39K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.995	−0.155%	$7.3M	$51.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.061	−0.085%	$2.11B	$646.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.029	−0.119%	$10.2M	$13.2M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.906	−0.248%	$47.2M	$17.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.981	−0.169%	$7.3M	$10.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.111	−0.033%	$30.0M	$53.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.192	+0.053%	$7.7M	$39.2M	10x	as long as short
Vest HYPE-PERP	+0.0100%	1h	95.053	−0.094%	—	$80K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.995	−0.155%	$503K	$2.5M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.082	−0.063%	$33K	$1.4M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.043	−0.104%	$1.4M	$5.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.874	−0.282%	$18.4M	$39.8M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.942	−0.210%	$401K	$130K	20x	as long as short
Kalshi KXHYPEPERP	+0.0126%	8h	95.062	−0.084%	$1.8M	$5.1M	2.3x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	95.008	−0.140%	$3.2M	$5.5M	20x	as long as short
Reya HYPERUSDPERP	+0.0270%	1h	95.108	−0.036%	$85K	$96K	15x	as long as short
BloFin HYPE-USDT	+0.0322%	4h	94.950	−0.202%	$17.4M	$11.4M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	95.199	+0.060%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0969%	1h	95.500	+0.376%	$31K	$334K	12x	as long as short