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+0.0659%/8h= +72.2% APRnext payment +$0.82 per $10,000 · paid last 24h +0.064%
Price spread now: Deribit against Aftermath Perps+0.097%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 +$20 a day on $10k at the current rate, and Deribit is 0.097% dearer against Aftermath Perps than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps HYPEUSD92.908−0.0263get 0.0033% / 1h49m 53s$22K$21K10x
ShortDeribit HYPE_USDC-PERPETUAL92.9980.0396get 0.0049% / 1h49m 53s$7.5M$4.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
$138.39
Price spread: +0.097% → 0.000%
$9.72
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$132.1
Costs to cover
0.160%
Break-even
0.3 days
Slippage unknown: Aftermath Perps: no order-book sample; Deribit: live order book, 4 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 Deribit live order book, 4 min ago2.63 bp6.9 bp −$712.8 bp −$128doesn'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−0.0680%1h92.799−0.117%$193K$229K7xas long as short
Aftermath Perps HYPEUSDlong−0.0263%1h92.908long leg$22K$21K10x
Arcus HYPE-USD−0.0194%1h92.889−0.020%$1.1M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.022+0.123%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0062%4h92.882−0.028%$157K$660K20xas long as short
dYdX HYPE-USD0.0000%1h92.948+0.043%$127K$29K5xas long as short
Gate HYPE_USDT0.0000%4h92.918+0.011%$44.7M$53.7M75xas long as short
Kalshi KXHYPEPERP0.0000%8h92.993+0.092%$1.8M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m92.918+0.011%$22K$301K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.946+0.041%$62K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix HYPE+0.0026%1h93.032+0.134%$210K$1.2M10xas long as short
Ondo Perps HYPE-USD.P+0.0031%1h92.910+0.002%$699K$1.1M10xas long as short
Bybit HYPEUSDT+0.0035%8h92.900−0.008%$316.3M$282.4M75xas long as short
Phemex HYPEUSDT+0.0043%8h92.906−0.002%$12.5M$2.7M50xas long as short
01 Exchange HYPEUSD+0.0056%1h92.945+0.040%$87K$362K20xas long as short
Bitget HYPEUSDT+0.0078%4h92.907−0.001%$225.1M$99.0M75xas long as short
edgeX HYPEUSDC+0.0086%4h92.935+0.030%$4.9M$29.6M30xas long as short
Aster HYPEUSDT+0.0088%4h92.917+0.010%$8.7M$36.2M300xas long as short
Lighter HYPE+0.0096%1h92.937+0.031%$16.1M$62.3M20xas long as short
Lighter RH HYPE+0.0096%1h92.934+0.028%$3.1M$11.6M20xas long as short
Popdex HYPEUSDT+0.0096%1h92.916+0.009%$69K$1.1M50xas long as short
Paradex HYPE-USD-PERP+0.0096%8h92.948+0.043%$339K$163K20xas long as short
Katana Perps HYPE-USD+0.0099%8h92.870−0.041%$39K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h92.945+0.040%$7.5M$45.8M10xas long as short
Hyperliquid HYPE+0.0100%1h92.972+0.069%$2.03B$665.0M10xas long as short
Pacifica HYPE+0.0100%1h92.947+0.043%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h92.911+0.004%$373.7M$904.1M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h92.920+0.013%$113.9M$304.8M50xas long as short
Bulk HYPE-USD+0.0100%1h92.942+0.037%$202K$13K10xas long as short
MEXC HYPE_USDT+0.0100%4h92.914+0.007%$87.6M$79.9M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.909+0.001%$46.1M$18.4M75xas long as short
BingX HYPE-USDT+0.0100%4h92.911+0.004%$53.9Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.920+0.013%$7.3M$11.3M20xas long as short
Variational Omni HYPE+0.0100%8h92.989+0.087%$28.6M$57.5Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.015+0.115%$7.5M$46.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.928+0.022%$351K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.011+0.111%$668K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h92.984+0.082%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.953+0.049%$469K$2.6M20xas long as short
Bullet HYPE-USD+0.0100%1h92.922+0.015%$112K$578K20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.914+0.007%$79K$168K20xas long as short
Derive HYPE-PERP+0.0100%1h92.897−0.012%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h92.901−0.007%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.909+0.001%$2.0M$2.0M10xas long as short
Extended HYPE-USD+0.0104%1h92.887−0.022%$18.0M$43.6M50xas long as short
Aevo HYPE-PERP+0.0104%1h92.907−0.001%$393K$164K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h92.940+0.035%$4.7M$5.6M50xas long as short
HTX HYPE-USDT+0.0163%4h93.082+0.188%$1.4M$6.3M75xas long as short
Kraken Futures PF_HYPEUSD+0.0197%1h92.987+0.086%$20.6M$30.5M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h93.150+0.261%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0264%1h92.905−0.003%$79K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h92.932+0.027%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h92.981+0.079%$16.7M$11.7M75xas long as short
Deribit HYPE_USDC-PERPETUALshort+0.0396%1h92.998+0.097%$7.5M$4.5M50x
RISEx HYPE/USDC+0.0598%1h92.990+0.089%$3.2M$6.4M20xas long as short