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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0263%/8h= +28.8% APRnext payment +$0.33 per $10,000 · paid last 24h +0.012%
Price spread now: ApeX Omni against Aftermath Perps+0.042%7-day average · 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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and ApeX Omni is 0.042% dearer against Aftermath Perps than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps HYPEUSD93.341−0.0163get 0.0020% / 1h42m 52s$22K$21K10x
ShortApeX Omni HYPEUSDT93.3810.0100get 0.0013% / 1h42m 52s$337K$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aftermath Perps. 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
$55.19
Price spread: +0.042% → 0.000%
$4.25
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$40.43
Costs to cover
0.190%
Break-even
1.9 days
Slippage unknown: Aftermath Perps: no order-book sample; ApeX Omni: live order book, 1 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 Aftermath Perps no order-book sample
Sell ApeX Omni live order book, 1 min ago3.27 bp8.6 bp −$911.8 bp −$118doesn't fitdoesn't fit
Aftermath Perps: 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−0.1008%1h93.199−0.153%$196K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.199−0.153%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSDlong−0.0163%1h93.341long leg$22K$21K10x
Ondo Perps HYPE-USD.P−0.0134%1h93.340−0.001%$698K$979K10xas long as short
Backpack HYPE_USDC_PERP−0.0092%1h93.215−0.135%$7.8M$10.4M20xas long as short
01 Exchange HYPEUSD−0.0080%1h93.366+0.026%$85K$361K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.343+0.002%$3K$33125xas long as short
Gate HYPE_USDT−0.0078%4h93.126−0.231%$44.1M$54.1M75xas long as short
Phemex HYPEUSDT−0.0068%8h93.331−0.011%$12.7M$2.7M50xas long as short
Orderly PERP_HYPE_USDC−0.0054%4h93.270−0.076%$156K$652K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0034%4h93.248−0.100%$8.8M$36.3M300xas long as short
Bluefin HYPE-PERP−0.0010%1h93.301−0.043%$79K$173K20xas long as short
dYdX HYPE-USD0.0000%1h93.413+0.077%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.352+0.012%$22K$333K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.341−0.001%$26K150xas long as short
Bybit HYPEUSDT+0.0006%8h93.108−0.250%$318.3M$283.4M75xas long as short
BingX HYPE-USDT+0.0018%4h93.124−0.233%$54.2Mas long as short
MEXC HYPE_USDT+0.0040%4h93.121−0.236%$87.8M$82.4M100xas long as short
Bullet HYPE-USD+0.0042%1h93.343+0.002%$111K$579K20xas long as short
Binance HYPEUSDT+0.0044%4h93.122−0.235%$378.9M$905.4M75xas long as short
edgeX HYPEUSDC+0.0059%4h93.354+0.014%$5.1M$30.0M30xas long as short
Phoenix HYPE+0.0060%1h93.266−0.081%$212K$1.2M10xas long as short
OKX HYPE-USDT-SWAP+0.0063%8h93.130−0.226%$114.7M$314.6M50xas long as short
Derive HYPE-PERP+0.0065%1h93.264−0.083%$16.2M$7.6M10xas long as short
Aevo HYPE-PERP+0.0088%1h93.269−0.078%$397K$177K20xas long as short
Lighter HYPE+0.0096%1h93.316−0.027%$16.4M$62.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.307−0.037%$3.1M$11.8M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.357+0.017%$65K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0096%8h93.426+0.091%$339K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.380+0.041%$35K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.356+0.016%$6.6M$44.7M10xas long as short
Hyperliquid HYPE+0.0100%1h93.329−0.013%$2.04B$675.8M10xas long as short
Pacifica HYPE+0.0100%1h93.375+0.036%$10.0M$14.7M20xas long as short
Bulk HYPE-USD+0.0100%1h93.404+0.067%$203K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.228−0.121%$45.9M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.132−0.224%$225.4M$100.7M75xas long as short
Variational Omni HYPE+0.0100%8h93.241−0.108%$30.9M$55.0Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.215−0.135%$7.5M$47.7M10xas long as short
ApeX Omni HYPEUSDTshort+0.0100%1h93.381+0.042%$337K$1.1M50x
StandX HYPE-USD+0.0100%1h93.321−0.022%$666K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.370+0.030%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.360+0.020%$467K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.364+0.024%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.281−0.065%$2.0M$2.0M10xas long as short
Extended HYPE-USD+0.0104%1h93.092−0.267%$18.4M$44.4M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.400+0.063%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.330−0.012%$30K$338K12xas long as short
BloFin HYPE-USDT+0.0175%4h93.407+0.070%$17.0M$12.1M75xas long as short
RISEx HYPE/USDC+0.0210%1h93.380+0.042%$2.7M$6.7M20xas long as short
HTX HYPE-USDT+0.0245%4h93.499+0.169%$1.4M$6.1M75xas long as short
Reya HYPERUSDPERP+0.0254%1h93.334−0.008%$79K$142K15xas long as short
Kalshi KXHYPEPERP+0.0259%8h93.416+0.080%$1.9M$5.2M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0334% / S −0.0158%1h93.358+0.017%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0479%1h93.399+0.062%$7.5M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0683%1h93.362+0.022%$20.8M$30.0M50xas long as short