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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:55 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.016%
Price spread now: Perpl against Vest+0.010%7-day average +0.017% · 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)+0.046%+$5 on $10k
Price spread, last 3 days (all we have)+0.067%+$7 · spread now +0.010%, 7d avg +0.017%
Together, before fees+0.113%+ Points / potential airdropVest: Active · Perpl: Active · farm board+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.017%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest HYPE-PERP93.9100.0100pay 0.0013% / 1h3m 39s$243K5x
ShortPerpl HYPE93.9190get 0.0000% / 43m25m 39s$23K$327K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Perpl 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
−$21
Price spread: +0.010% → +0.017%
−$0.69
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Net
−$37.49
Costs to cover
0.158%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; Perpl: no order-book sample. 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 Perpl no order-book sample
Vest and Perpl: 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−0.1120%1h93.756−0.164%$198K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.785−0.133%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0194%1h93.9100.000%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0090%1h93.810−0.106%$710K$958K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.884−0.027%$86K$359K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.912+0.003%$3K$33125xas long as short
dYdX HYPE-USD−0.0079%1h93.695−0.228%$128K$31K5xas long as short
Phemex HYPEUSDT−0.0073%8h93.801−0.116%$12.8M$2.6M50xas long as short
Bullet HYPE-USD−0.0046%1h93.872−0.040%$113K$580K20xas long as short
Orderly PERP_HYPE_USDC−0.0035%4h93.840−0.074%$159K$643K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HYPE_USDT−0.0014%4h93.709−0.214%$44.4M$60.4M75xas long as short
Perpl HYPEshort0.0000%43m93.919+0.010%$23K$327K10x
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.898−0.012%$27K150xas long as short
Aster HYPEUSDT+0.0004%4h93.739−0.182%$8.9M$36.0M300xas long as short
Derive HYPE-PERP+0.0016%1h93.810−0.106%$16.4M$7.6M10xas long as short
Bybit HYPEUSDT+0.0025%8h93.650−0.276%$322.1M$278.7M75xas long as short
Phoenix HYPE+0.0034%1h94.045+0.144%$214K$1.2M10xas long as short
MEXC HYPE_USDT+0.0054%4h93.660−0.266%$87.9M$83.4M100xas long as short
Binance HYPEUSDT+0.0054%4h93.678−0.247%$382.5M$893.6M75xas long as short
OKX HYPE-USDT-SWAP+0.0072%8h93.641−0.286%$115.8M$313.9M50xas long as short
edgeX HYPEUSDC+0.0074%4h93.859−0.054%$5.1M$29.7M30xas long as short
Bluefin HYPE-PERP+0.0076%1h93.841−0.073%$76K$170K20xas long as short
Lighter HYPE+0.0096%1h93.697−0.226%$18.9M$60.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.678−0.247%$3.0M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.881−0.030%$64K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.851−0.062%$399K$180K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.681−0.244%$340K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.900−0.010%$31K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.927+0.019%$6.6M$44.6M10xas long as short
Hyperliquid HYPE+0.0100%1h93.750−0.170%$2.04B$669.0M10xas long as short
Pacifica HYPE+0.0100%1h93.686−0.238%$10.1M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.672−0.253%$46.5M$18.2M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.666−0.259%$226.8M$100.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.662−0.264%$53.9Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.736−0.185%$7.9M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.768−0.151%$31.3M$53.6Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.999+0.095%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.020+0.118%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.827−0.088%$670K$2.6M20xas long as short
Vest HYPE-PERPlong+0.0100%1h93.910long leg$243K5x
Polymarket Perps HYPE-USD+0.0100%1h93.906−0.004%$474K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.940+0.032%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.824−0.091%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.894−0.017%$204K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.690−0.233%$18.4M$44.9M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.900−0.010%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.760−0.159%$30K$338K12xas long as short
BloFin HYPE-USDT+0.0216%4h93.818−0.098%$17.1M$12.1M75xas long as short
RISEx HYPE/USDC+0.0222%1h93.933+0.025%$2.7M$6.7M20xas long as short
Kalshi KXHYPEPERP+0.0246%8h93.912+0.003%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0252%1h93.873−0.039%$79K$143K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0157%1h93.895−0.015%$1.4M100xas long as short
HTX HYPE-USDT+0.0366%4h94.112+0.216%$1.5M$6.0M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0421%1h93.922+0.013%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0672%1h93.906−0.004%$20.9M$29.7M50xas long as short