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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0132%/8h= −14.5% APRnext payment $0.17 per $10,000 · paid last 24h −0.030%
Price spread now: 01 Exchange against StandX+0.638%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs+$31as in the Price arb table
costs, in and out, $10k−$300.303% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.043%−$4 on $10k
Price spread, last 4 days (all we have)−0.348%−$35 · spread now +0.638%, 7d avg +0.026%
Together, before fees−0.391%+ Points / potential airdropStandX: Active · farm board−$39 on $10k · with fees, hour by hour
The price spread pays, funding is against you. 01 Exchange is 0.612% dearer against StandX than usual: you sell high and buy low (spread +0.638% now, against its 7-day average of +0.026%): +$61 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 4 days (−0.043% in total) that is about 52 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX HYPE-USD93.6430.0100pay 0.0013% / 1h25m 13s$678K$2.7M20x
Short01 Exchange HYPEUSD94.240−0.0032pay 0.0004% / 1h25m 13s$86K$368K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$27.72
Price spread: +0.638% → +0.026%
$61.18
Slippage, 4 orders
−$15.34
Fee StandX: 4 bp × 2 orders
−$8
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$3.11
Costs to cover
0.303%
Break-even
from the start
Slippage from StandX: live order book, 4 min ago; 01 Exchange: live order book, 19 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 StandX live order book, 4 min ago4.17 bp8.6 bp −$911.5 bp −$11535.0 bp −$3,501doesn't fit
Sell 01 Exchange live order book, 19 min ago0.05 bp5.7 bp −$69.7 bp −$97doesn't fitdoesn'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−0.1024%1h93.809+0.178%$199K$238K7xas long as short
Aftermath Perps HYPEUSD−0.0211%1h93.708+0.069%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.207+0.602%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0062%1h94.170+0.563%$705K$1.2M10xas long as short
Bullet HYPE-USD−0.0058%1h94.228+0.624%$112K$579K20xas long as short
01 Exchange HYPEUSDshort−0.0032%1h94.240+0.638%$86K$368K20x
Orderly PERP_HYPE_USDC−0.0017%4h94.155+0.547%$146K$683K20xas long as short
dYdX HYPE-USD0.0000%1h93.880+0.253%$129K$26K5xas long as short
Perpl HYPE0.0000%43m94.227+0.623%$20K$290K10xas long as short
Bybit HYPEUSDT+0.0002%8h94.152+0.544%$318.1M$288.3M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h94.048+0.433%$83K150xas long as short
Derive HYPE-PERP+0.0007%1h93.302−0.364%$16.2M$7.5M10xas long as short
Bluefin HYPE-PERP+0.0010%1h94.183+0.577%$80K$156K20xas long as short
Phoenix HYPE+0.0017%1h93.715+0.077%$209K$1.1M10xas long as short
BingX HYPE-USDT+0.0020%4h94.152+0.544%$53.6Mas long as short
Bitget HYPEUSDT+0.0052%4h94.170+0.563%$226.8M$99.5M75xas long as short
Phemex HYPEUSDT+0.0058%8h94.140+0.531%$12.8M$2.8M50xas long as short
Paradex HYPE-USD-PERP+0.0078%8h94.266+0.665%$337K$161K20xas long as short
edgeX HYPEUSDC+0.0080%4h93.620−0.025%$5.0M$30.5M30xas long as short
Arcus HYPE-USD+0.0084%1h94.180+0.573%$1.0M$4.0M10xas long as short
Lighter HYPE+0.0096%1h94.191+0.586%$16.3M$64.2M20xas long as short
Lighter RH HYPE+0.0096%1h94.201+0.596%$3.2M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.198+0.593%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h94.210+0.605%$21K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h94.208+0.604%$7.5M$50.6M10xas long as short
Hyperliquid HYPE+0.0100%1h94.269+0.668%$2.07B$691.0M10xas long as short
Aster HYPEUSDT+0.0100%4h94.247+0.645%$8.9M$37.1M300xas long as short
Pacifica HYPE+0.0100%1h94.236+0.633%$10.2M$15.5M20xas long as short
Binance HYPEUSDT+0.0100%4h94.224+0.621%$377.0M$931.7M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h94.152+0.544%$116.2M$316.9M50xas long as short
Gate HYPE_USDT+0.0100%4h94.216+0.612%$48.9M$55.9M75xas long as short
MEXC HYPE_USDT+0.0100%4h94.170+0.563%$89.4M$84.7M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.194+0.588%$46.6M$18.7M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.193+0.587%$7.2M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h94.009+0.390%$28.9M$56.1Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.696+0.057%$7.6M$48.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.663+0.021%$357K$1.0M50xas long as short
StandX HYPE-USDlong+0.0100%1h93.643long leg$678K$2.7M20x
Vest HYPE-PERP+0.0100%1h94.227+0.623%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.242+0.640%$473K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h94.232+0.629%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.174+0.567%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h94.335+0.739%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.438−0.219%$216K$15K10xas long as short
Extended HYPE-USD+0.0104%1h94.142+0.533%$18.2M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h94.245+0.642%$398K$159K20xas long as short
Kalshi KXHYPEPERP+0.0105%8h94.251+0.649%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h94.200+0.595%$4.7M$6.2M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0151% / S +0.0022%1h93.681+0.041%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0185%1h94.264+0.663%$7.5M$4.3M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.100+0.488%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0272%1h93.879+0.252%$77K$129K15xas long as short
BloFin HYPE-USDT+0.0340%4h94.202+0.597%$17.0M$12.3M75xas long as short
Kraken Futures PF_HYPEUSD+0.0413%1h94.258+0.657%$21.0M$29.5M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.935+0.312%$3.2M$6.3M20xas long as short