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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0180%/8h= −19.7% APRnext payment $0.23 per $10,000 · paid last 24h −0.052%
Price spread now: Hotstuff against StandX−0.038%7-day average · you buy dearer than you sell
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropStandX: Active · Hotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.038% cheaper against StandX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX HYPE-USD93.2300.0100pay 0.0013% / 1h31m 05s$667K$2.8M20x
ShortHotstuff HYPE-PERP93.195−0.0080pay 0.0010% / 1h31m 05s$3K$33125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff 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

Funding earned
−$37.8
Price spread: −0.038% → 0.000%
−$3.75
Slippage, 4 orders
no order book: not counted
Fee StandX: 4 bp × 2 orders
−$8
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$54.55
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: StandX: live order book, 3 min ago; Hotstuff: 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 StandX live order book, 3 min ago1.02 bp5.0 bp −$55.2 bp −$5211.7 bp −$1,175doesn't fit
Sell Hotstuff no order-book sample
Hotstuff: 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−0.1568%1h93.135−0.102%$196K$234K7xas long as short
Aftermath Perps HYPEUSD−0.0359%1h93.298+0.073%$22K$21K10xas long as short
Hotstuff HYPE-PERPshort−0.0080%1h93.195−0.038%$3K$33125x
Bullet HYPE-USD−0.0061%1h93.174−0.060%$110K$578K20xas long as short
Orderly PERP_HYPE_USDC−0.0023%4h93.157−0.078%$146K$662K20xas long as short
01 Exchange HYPEUSD−0.0016%1h93.225−0.005%$87K$366K20xas long as short
dYdX HYPE-USD0.0000%1h93.219−0.012%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.203−0.029%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.207−0.024%$62K150xas long as short
Arcus HYPE-USD+0.0011%1h93.166−0.069%$1.0M$4.0M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget HYPEUSDT+0.0016%4h93.208−0.024%$225.3M$99.0M75xas long as short
Bybit HYPEUSDT+0.0020%8h93.170−0.064%$316.5M$282.9M75xas long as short
Ondo Perps HYPE-USD.P+0.0024%1h93.150−0.086%$702K$1.2M10xas long as short
Phoenix HYPE+0.0026%1h93.263+0.035%$207K$1.2M10xas long as short
Phemex HYPEUSDT+0.0054%8h93.201−0.031%$12.6M$2.7M50xas long as short
edgeX HYPEUSDC+0.0088%4h93.175−0.059%$5.0M$30.0M30xas long as short
Paradex HYPE-USD-PERP+0.0094%8h93.223−0.008%$339K$162K20xas long as short
Lighter HYPE+0.0096%1h93.190−0.043%$16.1M$63.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.183−0.050%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.189−0.044%$75K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.160−0.075%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.207−0.025%$8.0M$48.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.249+0.020%$2.03B$669.0M10xas long as short
Aster HYPEUSDT+0.0100%4h93.186−0.047%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.229−0.001%$10.0M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.191−0.042%$373.4M$912.8M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.189−0.044%$114.2M$309.3M50xas long as short
Bulk HYPE-USD+0.0100%1h93.2300.000%$215K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h93.176−0.058%$46.7M$54.3M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.191−0.042%$90.9M$81.1M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.178−0.056%$46.0M$18.9M75xas long as short
BingX HYPE-USDT+0.0100%4h93.189−0.044%$53.9Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.225−0.005%$7.3M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.351+0.129%$28.6M$56.3Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.218−0.013%$7.5M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.165−0.070%$342K$1.0M50xas long as short
StandX HYPE-USDlong+0.0100%1h93.230long leg$667K$2.8M20x
Vest HYPE-PERP+0.0100%1h93.260+0.033%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.206−0.026%$483K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.169−0.065%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.154−0.082%$16.1M$7.4M10xas long as short
SunX HYPE-USDT+0.0100%4h93.210−0.021%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.162−0.073%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.329+0.106%$1.4M$6.5M75xas long as short
Extended HYPE-USD+0.0104%1h93.130−0.107%$18.1M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.178−0.056%$394K$158K20xas long as short
Kalshi KXHYPEPERP+0.0108%8h93.259+0.031%$1.8M$5.7M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.120−0.118%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.2300.000%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0269%1h93.187−0.046%$80K$127K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.193−0.039%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.160−0.075%$16.9M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0342%1h93.225−0.006%$20.8M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0426%1h93.257+0.029%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.265+0.038%$3.2M$6.3M20xas long as short