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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:05 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.020%
Price spread now: Perpl against Aevo−0.008%7-day average −0.002% · 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 7 days−0.160%−$16 on $10k
Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.008%, 7d avg −0.002%
Together, before fees−0.059%+ Points / potential airdropPerpl: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo HYPE-PERP92.2210.0104pay 0.0013% / 1h41m 52s$390K$164K20x
ShortPerpl HYPE92.2140get 0.0000% / 43m12m 52s$22K$310K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Perpl against Aevo. 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
−$21.84
Price spread: −0.008% → −0.002%
−$0.6
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Net
−$52.24
Costs to cover
0.298%
Break-even
never at this rate
Slippage unknown: Aevo: live order book, 17 min ago; 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 Aevo live order book, 17 min ago17.65 bp25.6 bp −$2625.6 bp −$256doesn't fitdoesn't fit
Sell Perpl no order-book sample
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
Arcus HYPE-USD−0.0948%1h92.192−0.031%$1.2M$3.8M10xas long as short
Hibachi HYPE/USDT-P−0.0520%1h92.314+0.102%$193K$229K7xas long as short
Aftermath Perps HYPEUSD−0.0165%1h92.313+0.100%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0128%1h92.222+0.002%$85K$355K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.205−0.017%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0070%4h92.195−0.028%$157K$663K20xas long as short
Bullet HYPE-USD−0.0059%1h92.203−0.019%$110K$579K20xas long as short
Aster HYPEUSDT−0.0005%4h92.254+0.036%$8.7M$36.4M300xas long as short
dYdX HYPE-USD0.0000%1h92.232+0.012%$126K$31K5xas long as short
Perpl HYPEshort0.0000%43m92.214−0.008%$22K$310K10x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.231+0.011%$61K150xas long as short
Ondo Perps HYPE-USD.P+0.0026%1h92.180−0.044%$696K$1.1M10xas long as short
BingX HYPE-USDT+0.0030%4h92.290+0.075%$53.3Mas long as short
Phoenix HYPE+0.0043%1h92.246+0.028%$209K$1.2M10xas long as short
Bybit HYPEUSDT+0.0050%8h92.280+0.064%$315.6M$281.2M75xas long as short
Gate HYPE_USDT+0.0056%4h92.282+0.067%$44.3M$54.9M75xas long as short
Derive HYPE-PERP+0.0070%1h92.190−0.033%$16.0M$7.5M10xas long as short
Phemex HYPEUSDT+0.0074%8h92.240+0.021%$12.5M$2.7M50xas long as short
MEXC HYPE_USDT+0.0076%4h92.260+0.043%$87.1M$80.5M100xas long as short
OKX HYPE-USDT-SWAP+0.0077%8h92.300+0.086%$112.8M$302.0M50xas long as short
edgeX HYPEUSDC+0.0078%4h92.205−0.017%$4.9M$29.5M30xas long as short
Binance HYPEUSDT+0.0080%4h92.292+0.077%$370.0M$899.5M75xas long as short
Paradex HYPE-USD-PERP+0.0091%8h92.261+0.044%$338K$163K20xas long as short
Lighter HYPE+0.0096%1h92.249+0.031%$16.0M$62.4M20xas long as short
Lighter RH HYPE+0.0096%1h92.244+0.025%$3.1M$11.7M20xas long as short
Popdex HYPEUSDT+0.0096%1h92.216−0.005%$68K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0099%8h92.200−0.022%$31K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h92.188−0.036%$6.0M$43.3M10xas long as short
Hyperliquid HYPE+0.0100%1h92.300+0.086%$2.01B$665.2M10xas long as short
Pacifica HYPE+0.0100%1h92.249+0.031%$10.0M$15.0M20xas long as short
Bulk HYPE-USD+0.0100%1h92.245+0.027%$201K$13K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.272+0.056%$45.9M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h92.256+0.038%$223.7M$98.4M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.237+0.018%$7.3M$10.3M20xas long as short
Variational Omni HYPE+0.0100%8h92.158−0.068%$28.3M$57.3Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.209−0.013%$7.5M$45.9M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.186−0.037%$337K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h92.325+0.113%$663K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h92.272+0.056%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.228+0.008%$474K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.218−0.003%$78K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h92.252+0.034%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.230+0.010%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h92.368+0.160%$1.4M$6.2M75xas long as short
Extended HYPE-USD+0.0104%1h92.234+0.014%$18.1M$43.5M50xas long as short
Aevo HYPE-PERPlong+0.0104%1h92.221long leg$390K$164K20x
Injective HYPE/USDC PERP+0.0150%1h93.000+0.845%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0160%1h92.230+0.010%$4.7M$5.5M50xas long as short
Kalshi KXHYPEPERP+0.0257%8h92.242+0.023%$1.8M$5.4M2.3xas long as short
Reya HYPERUSDPERP+0.0261%1h92.201−0.022%$79K$138K15xas long as short
BloFin HYPE-USDT+0.0304%4h92.211−0.010%$16.7M$11.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0330% / S −0.0154%1h92.234+0.015%$1.4M100xas long as short
Kraken Futures PF_HYPEUSD+0.0333%1h92.295+0.081%$20.5M$30.4M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0552%1h92.324+0.112%$7.5M$4.4M50xas long as short
RISEx HYPE/USDC+0.0687%1h92.286+0.071%$3.1M$6.4M20xas long as short