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+0.0180%/8h= +19.7% APRnext payment +$0.22 per $10,000 · paid last 24h −0.015%
Price spread now: dYdX against Aftermath Perps+0.051%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 +$5 a day on $10k at the current rate, and dYdX is 0.051% dearer against Aftermath Perps than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps HYPEUSD93.379−0.0180get 0.0022% / 1h47m 33s$22K$21K10x
ShortdYdX HYPE-USD93.4270get 0.0000% / 1h47m 33s$128K$31K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
$37.77
Price spread: +0.051% → 0.000%
$5.07
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee dYdX: 5 bp × 2 orders
−$10
Net
$23.83
Costs to cover
0.190%
Break-even
2.6 days
Slippage unknown: Aftermath Perps: no order-book sample; dYdX: live order book, 21 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 dYdX live order book, 21 min ago25.82 bp30.8 bp −$3137.7 bp −$377143.0 bp −$14.3K1105.7 bp −$552.9K
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−0.1064%1h93.383+0.004%$197K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.276−0.111%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSDlong−0.0180%1h93.379long leg$22K$21K10x
Backpack HYPE_USDC_PERP−0.0133%1h93.339−0.043%$7.8M$10.6M20xas long as short
Ondo Perps HYPE-USD.P−0.0112%1h93.340−0.042%$699K$978K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.377−0.002%$3K$33125xas long as short
Gate HYPE_USDT−0.0080%4h93.373−0.007%$44.3M$53.8M75xas long as short
01 Exchange HYPEUSD−0.0072%1h93.404+0.027%$85K$361K20xas long as short
Phemex HYPEUSDT−0.0057%8h93.340−0.042%$12.7M$2.7M50xas long as short
Orderly PERP_HYPE_USDC−0.0050%4h93.324−0.059%$158K$646K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0025%4h93.387+0.009%$8.9M$36.2M300xas long as short
dYdX HYPE-USDshort0.0000%1h93.427+0.051%$128K$31K5x
Perpl HYPE0.0000%43m93.368−0.012%$22K$333K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.387+0.008%$26K150xas long as short
BingX HYPE-USDT+0.0014%4h93.384+0.005%$54.2Mas long as short
Bybit HYPEUSDT+0.0018%8h93.372−0.008%$319.4M$283.0M75xas long as short
Binance HYPEUSDT+0.0044%4h93.385+0.006%$380.7M$904.9M75xas long as short
Bullet HYPE-USD+0.0045%1h93.363−0.017%$111K$579K20xas long as short
MEXC HYPE_USDT+0.0046%4h93.386+0.007%$88.3M$82.2M100xas long as short
Bluefin HYPE-PERP+0.0048%1h93.343−0.039%$79K$174K20xas long as short
Derive HYPE-PERP+0.0058%1h93.336−0.046%$16.2M$7.6M10xas long as short
Phoenix HYPE+0.0060%1h93.190−0.203%$212K$1.2M10xas long as short
edgeX HYPEUSDC+0.0062%4h93.437+0.062%$5.1M$29.9M30xas long as short
OKX HYPE-USDT-SWAP+0.0065%8h93.376−0.003%$115.1M$315.6M50xas long as short
Aevo HYPE-PERP+0.0088%1h93.354−0.027%$397K$177K20xas long as short
Lighter HYPE+0.0096%1h93.368−0.013%$16.4M$62.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.391+0.013%$3.1M$11.8M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.407+0.030%$64K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.406+0.028%$339K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.420+0.044%$37K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.356−0.025%$6.6M$44.7M10xas long as short
Hyperliquid HYPE+0.0100%1h93.478+0.106%$2.04B$673.9M10xas long as short
Pacifica HYPE+0.0100%1h93.385+0.006%$10.0M$14.7M20xas long as short
Bulk HYPE-USD+0.0100%1h93.404+0.026%$203K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.359−0.022%$46.0M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.391+0.013%$226.1M$100.7M75xas long as short
Variational Omni HYPE+0.0100%8h93.281−0.106%$30.9M$55.0Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.420+0.044%$7.5M$47.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.460+0.086%$338K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.508+0.138%$667K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.410+0.033%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.362−0.018%$467K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.424+0.048%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.363−0.017%$2.0M$2.0M10xas long as short
Extended HYPE-USD+0.0104%1h93.371−0.008%$18.4M$44.4M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.410+0.033%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.440+0.065%$30K$338K12xas long as short
BloFin HYPE-USDT+0.0175%4h93.407+0.030%$17.0M$12.1M75xas long as short
RISEx HYPE/USDC+0.0210%1h93.452+0.078%$2.7M$6.7M20xas long as short
Reya HYPERUSDPERP+0.0253%1h93.298−0.087%$79K$142K15xas long as short
Kalshi KXHYPEPERP+0.0258%8h93.427+0.051%$1.9M$5.2M2.3xas long as short
HTX HYPE-USDT+0.0264%4h93.500+0.129%$1.4M$6.1M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0334% / S −0.0158%1h93.3800.000%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0510%1h93.476+0.104%$7.5M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0682%1h93.456+0.083%$20.8M$29.9M50xas long as short