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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.006%
Price spread now: ApeX Omni against Vest−0.099%62s7-day average +0.003% · 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 3 days (all we have)+0.124%+$12 on $10k
Price spread, last 3 days (all we have)+0.012%+$1 · spread now −0.099%, 7d avg +0.003%
Together, before fees+0.135%+ Points / potential airdropVest: Active · farm board+$14 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: ApeX Omni is 0.101% cheaper against Vest than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.003%. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest HYPE-PERP94.1420.0100pay 0.0013% / 1h38m 05s$454K5x
ShortApeX Omni HYPEUSDT94.0490.0100get 0.0013% / 1h38m 05s$335K$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Vest. 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: −0.099% → +0.003%
−$10.15
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$22.15
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; ApeX Omni: live order book, 1 min ago. 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 Vest no order-book sample
Sell ApeX Omni live order book, 1 min ago3.08 bp8.1 bp −$811.2 bp −$112doesn't fitdoesn't fit
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−0.0672%1h93.967−0.186%$199K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0412%1h94.117−0.027%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h94.003−0.148%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.099−0.046%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0016%1h94.010−0.140%$704K$908K10xas long as short
dYdX HYPE-USD0.0000%1h94.120−0.023%$128K$30K5xas long as short
01 Exchange HYPEUSD0.0000%1h94.125−0.018%$87K$365K20xas long as short
Perpl HYPE0.0000%43m94.152+0.011%$23K$329K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h94.150+0.008%$27K150xas long as short
Orderly PERP_HYPE_USDC+0.0008%4h94.121−0.022%$164K$579K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix HYPE+0.0009%1h94.116−0.028%$215K$1.2M10xas long as short
Bybit HYPEUSDT+0.0021%8h94.107−0.037%$324.0M$282.7M75xas long as short
Aster HYPEUSDT+0.0035%4h94.088−0.057%$8.9M$35.9M300xas long as short
Derive HYPE-PERP+0.0052%1h94.062−0.085%$16.5M$7.1M10xas long as short
Phemex HYPEUSDT+0.0058%8h94.089−0.056%$12.8M$2.6M50xas long as short
MEXC HYPE_USDT+0.0070%4h94.122−0.021%$88.9M$81.2M100xas long as short
Binance HYPEUSDT+0.0071%4h94.123−0.020%$385.0M$891.2M75xas long as short
edgeX HYPEUSDC+0.0076%4h94.051−0.097%$5.1M$29.8M30xas long as short
Gate HYPE_USDT+0.0080%4h94.102−0.042%$44.6M$58.7M75xas long as short
Lighter HYPE+0.0096%1h94.166+0.026%$19.0M$59.7M20xas long as short
Lighter RH HYPE+0.0096%1h94.153+0.012%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.130−0.013%$64K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h94.131−0.011%$400K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h94.090−0.055%$342K$171K20xas long as short
Katana Perps HYPE-USD+0.0100%8h94.160+0.019%$29K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h94.124−0.019%$5.7M$44.3M10xas long as short
Pacifica HYPE+0.0100%1h94.120−0.023%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h94.115−0.029%$116.1M$320.1M50xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.138−0.004%$47.3M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h94.127−0.016%$228.0M$102.8M75xas long as short
BingX HYPE-USDT+0.0100%4h94.120−0.023%$54.0Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.150+0.008%$7.9M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h94.033−0.116%$31.4M$53.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.098−0.046%$7.6M$45.0M10xas long as short
ApeX Omni HYPEUSDTshort+0.0100%1h94.049−0.099%$335K$1.1M50x
StandX HYPE-USD+0.0100%1h94.077−0.069%$680K$2.5M20xas long as short
Vest HYPE-PERPlong+0.0100%1h94.142long leg$454K5x
Polymarket Perps HYPE-USD+0.0100%1h94.144+0.002%$492K$2.5M20xas long as short
Bullet HYPE-USD+0.0100%1h94.112−0.032%$112K$578K20xas long as short
Bluefin HYPE-PERP+0.0100%1h94.125−0.018%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h94.124−0.019%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.123−0.020%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h94.120−0.023%$205K$7K10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.000−0.151%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h94.106−0.038%$18.4M$42.6M50xas long as short
Kalshi KXHYPEPERP+0.0134%8h94.220+0.083%$1.9M$5.0M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h94.200+0.062%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0225%4h94.239+0.103%$1.5M$7.8M75xas long as short
Reya HYPERUSDPERP+0.0248%1h94.120−0.024%$77K$142K15xas long as short
BloFin HYPE-USDT+0.0283%4h94.068−0.079%$17.0M$12.6M75xas long as short
RISEx HYPE/USDC+0.0284%1h94.159+0.018%$2.8M$6.9M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0165%1h94.141−0.001%$1.4M100xas long as short
Hyperliquid HYPE+0.0418%1h94.206+0.068%$2.05B$667.1M10xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0419%1h94.229+0.092%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0576%1h94.224+0.088%$21.1M$29.2M50xas long as short