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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h −0.001%
Price spread now: Bitget against Vest−0.032%7-day average −0.020% · 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)+0.096%+$10 on $10k
Price spread, last 3 days (all we have)−0.342%−$34 · spread now −0.032%, 7d avg −0.020%
Together, before fees−0.246%+ Points / potential airdropVest: Active · farm board−$25 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest HYPE-PERP93.2650.0080pay 0.0010% / 1h3m 57s$454K5x
ShortBitget HYPEUSDT93.2350.0100get 0.0050% / 4h2h 03m$226.5M$102.6M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
$4.22
Price spread: −0.032% → −0.020%
−$1.26
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$11.05
Costs to cover
0.140%
Break-even
25.3 days
Slippage unknown: Vest: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago0.05 bp7.9 bp −$813.3 bp −$13316.2 bp −$1,617doesn'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−0.0824%1h93.268+0.003%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0259%1h93.324+0.063%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0229%1h93.210−0.059%$700K$933K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.223−0.045%$90K$360K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.264−0.001%$3K$33125xas long as short
Bullet HYPE-USD−0.0044%1h93.205−0.064%$111K$580K20xas long as short
Derive HYPE-PERP−0.0035%1h93.178−0.093%$16.3M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.280+0.016%$127K$32K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.376+0.119%$1.9M$5.3M2.3xas long as short
Perpl HYPE0.0000%43m93.250−0.016%$23K$334K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.268+0.003%$20K150xas long as short
Aster HYPEUSDT+0.0010%4h93.215−0.054%$8.9M$35.7M300xas long as short
Gate HYPE_USDT+0.0028%4h93.223−0.045%$43.9M$57.9M75xas long as short
Bybit HYPEUSDT+0.0029%8h93.210−0.059%$324.6M$287.1M75xas long as short
Popdex HYPEUSDT+0.0032%1h93.232−0.035%$56K$1.2M50xas long as short
Orderly PERP_HYPE_USDC+0.0052%4h93.255−0.011%$167K$540K20xas long as short
Phoenix HYPE+0.0068%1h93.279+0.015%$215K$1.2M10xas long as short
Vest HYPE-PERPlong+0.0080%1h93.265long leg$454K5x
SoDEX HYPE-USD+0.0084%1h93.220−0.048%$2.0M$2.0M10xas long as short
Bluefin HYPE-PERP+0.0096%1h93.226−0.042%$76K$168K20xas long as short
Lighter HYPE+0.0096%1h93.266+0.001%$18.6M$60.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.251−0.015%$3.1M$12.4M20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.289+0.026%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.250−0.016%$36K$1.6M10xas long as short
StandX HYPE-USD+0.0100%1h93.284+0.020%$674K$2.5M20xas long as short
Nado HYPE-PERP+0.0100%1h93.208−0.061%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.298+0.035%$2.03B$671.4M10xas long as short
Pacifica HYPE+0.0100%1h93.268+0.003%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.223−0.045%$384.7M$889.2M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.209−0.060%$114.6M$314.4M50xas long as short
Arcus HYPE-USD+0.0100%1h93.208−0.061%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.285+0.021%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.223−0.045%$92.8M$82.5M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.233−0.034%$46.1M$18.8M75xas long as short
Bitget HYPEUSDTshort+0.0100%4h93.235−0.032%$226.5M$102.6M75x
BingX HYPE-USDT+0.0100%4h93.207−0.062%$54.2Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.259−0.006%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.211−0.058%$29.0M$50.3Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.304+0.042%$7.5M$45.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.323+0.062%$405K$1.0M50xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.262−0.003%$492K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h93.307+0.045%$32K$1.6M20xas long as short
Phemex HYPEUSDT+0.0100%8h93.242−0.025%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.212−0.057%$18.4M$41.7M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.204−0.065%$396K$318K20xas long as short
edgeX HYPEUSDC+0.0113%4h93.268+0.003%$5.1M$29.4M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.360+0.102%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0246%1h93.208−0.061%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.910+0.692%$31K$291K12xas long as short
HTX HYPE-USDT+0.0295%4h93.468+0.218%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.266+0.001%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.244−0.023%$17.1M$12.4M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0361%1h93.340+0.080%$7.4M$4.6M50xas long as short
RISEx HYPE/USDC+0.0467%1h93.289+0.026%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.393+0.138%$19.5M$26.7M50xas long as short