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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h +0.012%
Price spread now: Paradex against Vest+0.030%48s7-day average +0.019% · you sell dearer than you buy
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)+0.126%+$13 on $10k
Price spread, last 4 days (all we have)−0.223%−$22 · spread now +0.030%, 7d avg +0.019%
Together, before fees−0.097%+ Points / potential airdropVest: Active · Paradex: Active · farm board−$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest HYPE-PERP93.0870.0100pay 0.0013% / 1h15m 37s$243K5x
ShortParadex HYPE-USD-PERP93.1150.0097get 0.0097% / 8h3h 15m$339K$163K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
−$0.57
Price spread: +0.030% → +0.019%
$1.05
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$5.52
Costs to cover
0.060%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; Paradex: live order book, 39 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 Paradex live order book, 39 min ago1.18 bp3.2 bp −$36.7 bp −$67doesn'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−0.1768%1h93.085−0.002%$194K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0303%1h92.964−0.132%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h93.049−0.040%$1.1M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.085−0.002%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0053%4h93.029−0.062%$146K$674K20xas long as short
Bullet HYPE-USD−0.0001%1h93.003−0.090%$112K$577K20xas long as short
dYdX HYPE-USD0.0000%1h93.078−0.009%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.039−0.052%$22K$293K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.050−0.039%$62K150xas long as short
Ondo Perps HYPE-USD.P+0.0017%1h93.000−0.093%$701K$1.1M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange HYPEUSD+0.0024%1h93.103+0.018%$87K$365K20xas long as short
Phoenix HYPE+0.0026%1h92.923−0.176%$208K$1.2M10xas long as short
Bybit HYPEUSDT+0.0031%8h93.061−0.028%$317.4M$284.2M75xas long as short
Phemex HYPEUSDT+0.0032%8h93.082−0.005%$12.6M$2.7M50xas long as short
Bitget HYPEUSDT+0.0042%4h93.073−0.015%$225.2M$99.1M75xas long as short
Popdex HYPEUSDT+0.0048%1h93.071−0.017%$76K$1.1M50xas long as short
Gate HYPE_USDT+0.0092%4h93.068−0.020%$45.3M$54.6M75xas long as short
Lighter HYPE+0.0096%1h93.102+0.016%$16.0M$62.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.116+0.031%$3.1M$11.6M20xas long as short
Paradex HYPE-USD-PERPshort+0.0097%8h93.115+0.030%$339K$163K20x
edgeX HYPEUSDC+0.0099%4h93.181+0.101%$5.0M$29.8M30xas long as short
Katana Perps HYPE-USD+0.0099%8h93.060−0.029%$31K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.026−0.065%$7.1M$46.3M10xas long as short
Hyperliquid HYPE+0.0100%1h93.138+0.055%$2.03B$668.5M10xas long as short
Aster HYPEUSDT+0.0100%4h93.077−0.010%$8.7M$36.3M300xas long as short
Pacifica HYPE+0.0100%1h93.107+0.022%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h93.086−0.001%$374.6M$910.5M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.069−0.019%$114.1M$305.4M50xas long as short
Bulk HYPE-USD+0.0100%1h92.709−0.406%$202K$13K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.079−0.008%$91.3M$81.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.099+0.013%$46.1M$18.5M75xas long as short
BingX HYPE-USDT+0.0100%4h93.075−0.013%$53.9Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.098+0.012%$7.3M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h92.999−0.095%$28.6M$56.8Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.250+0.175%$7.5M$46.7M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.950−0.147%$341K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.234+0.158%$666K$2.9M20xas long as short
Vest HYPE-PERPlong+0.0100%1h93.087long leg$243K5x
Polymarket Perps HYPE-USD+0.0100%1h93.052−0.037%$488K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.056−0.033%$79K$167K20xas long as short
Derive HYPE-PERP+0.0100%1h93.032−0.059%$16.0M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.009−0.083%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.050−0.039%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h93.200+0.122%$1.4M$6.3M75xas long as short
Extended HYPE-USD+0.0104%1h93.045−0.045%$18.1M$43.6M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.042−0.048%$393K$164K20xas long as short
Kalshi KXHYPEPERP+0.0120%8h93.155+0.073%$1.8M$5.5M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.050−0.039%$4.7M$5.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0196%1h93.117+0.033%$20.7M$29.5M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h93.130+0.047%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0266%1h92.999−0.094%$79K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h93.024−0.067%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.183+0.103%$16.8M$11.9M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0545%1h93.143+0.060%$7.5M$4.5M50xas long as short
RISEx HYPE/USDC+0.0598%1h93.137+0.054%$3.2M$6.3M20xas long as short