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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: KuCoin against Vest−0.097%7-day average −0.007% · 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)+0.119%+$12 on $10k
Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.097%, 7d avg −0.007%
Together, before fees+0.081%+ Points / potential airdropVest: Active · farm board+$8 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: KuCoin is 0.090% cheaper against Vest than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest HYPE-PERP93.5540.0100pay 0.0013% / 1h40m 09s$243K5x
ShortKuCoin HYPEUSDTM93.4630.0100get 0.0050% / 4h1h 40m$46.2M$18.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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: −0.097% → −0.007%
−$8.99
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$22.99
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; KuCoin: live order book, 9 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 KuCoin live order book, 9 min ago0.48 bp9.7 bp −$1014.9 bp −$149doesn'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−0.1072%1h93.451−0.110%$198K$241K7xas long as short
Aftermath Perps HYPEUSD−0.0212%1h93.635+0.087%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0119%1h93.470−0.090%$704K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.516−0.041%$3K$33125xas long as short
Bullet HYPE-USD−0.0058%1h93.473−0.086%$112K$580K20xas long as short
01 Exchange HYPEUSD−0.0056%1h93.514−0.043%$86K$369K20xas long as short
Bluefin HYPE-PERP−0.0029%1h93.428−0.135%$79K$155K20xas long as short
Orderly PERP_HYPE_USDC−0.0021%4h93.435−0.127%$145K$685K20xas long as short
dYdX HYPE-USD0.0000%1h93.525−0.031%$128K$28K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.583+0.031%$1.8M$5.6M2.3xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.531−0.025%$20K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.481−0.078%$83K150xas long as short
Bybit HYPEUSDT+0.0004%8h93.420−0.143%$315.3M$288.5M75xas long as short
BingX HYPE-USDT+0.0004%4h93.447−0.114%$53.8Mas long as short
Derive HYPE-PERP+0.0013%1h93.443−0.119%$16.3M$7.4M10xas long as short
Phoenix HYPE+0.0017%1h93.654+0.107%$207K$1.1M10xas long as short
Bitget HYPEUSDT+0.0040%4h93.433−0.129%$225.2M$99.6M75xas long as short
Paradex HYPE-USD-PERP+0.0078%8h93.550−0.004%$334K$161K20xas long as short
edgeX HYPEUSDC+0.0082%4h93.576+0.024%$5.0M$30.6M30xas long as short
Arcus HYPE-USD+0.0084%1h93.480−0.079%$1.0M$4.0M10xas long as short
Phemex HYPEUSDT+0.0086%8h93.483−0.076%$12.8M$2.8M50xas long as short
Lighter HYPE+0.0096%1h93.443−0.119%$16.1M$63.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.453−0.108%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.495−0.063%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.490−0.068%$22K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.524−0.031%$7.5M$51.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.573+0.020%$2.05B$683.4M10xas long as short
Aster HYPEUSDT+0.0100%4h93.462−0.098%$8.8M$37.2M300xas long as short
Pacifica HYPE+0.0100%1h93.540−0.014%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.442−0.120%$374.5M$930.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.430−0.132%$115.4M$315.2M50xas long as short
Gate HYPE_USDT+0.0100%4h93.459−0.101%$48.3M$55.2M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.439−0.123%$89.5M$83.7M100xas long as short
KuCoin HYPEUSDTMshort+0.0100%4h93.463−0.097%$46.2M$18.7M75x
Backpack HYPE_USDC_PERP+0.0100%1h93.549−0.005%$7.2M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.479−0.080%$28.6M$56.1Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.547−0.007%$7.5M$48.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.589+0.038%$347K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.548−0.006%$678K$2.7M20xas long as short
Vest HYPE-PERPlong+0.0100%1h93.554long leg$243K5x
Polymarket Perps HYPE-USD+0.0100%1h93.497−0.061%$469K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.540−0.015%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.432−0.130%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.600+0.049%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.507−0.050%$216K$15K10xas long as short
Extended HYPE-USD+0.0104%1h93.411−0.153%$18.2M$43.4M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.448−0.113%$395K$159K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.470−0.090%$4.7M$6.1M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.510−0.047%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0271%1h93.446−0.115%$77K$130K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0328%1h93.526−0.030%$7.4M$4.2M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.498−0.060%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.512−0.045%$17.0M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0416%1h93.508−0.049%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.542−0.013%$3.2M$6.4M20xas long as short