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+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h −0.040%
Price spread now: Hotstuff against Aftermath Perps+0.132%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 fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hotstuff is 0.132% dearer against Aftermath Perps than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps HYPEUSD93.748−0.0134get 0.0017% / 1h25m 45s$22K$21K10x
ShortHotstuff HYPE-PERP93.872−0.0080pay 0.0010% / 1h25m 45s$3K$33125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff 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
$11.32
Price spread: +0.132% → 0.000%
$13.24
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
$10.57
Costs to cover
0.140%
Break-even
0.5 days
Slippage unknown: Aftermath Perps: no order-book sample; Hotstuff: 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 Aftermath Perps no order-book sample
Sell Hotstuff no order-book sample
Aftermath Perps and Hotstuff: 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 54 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−0.0920%1h93.818+0.075%$197K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.821+0.078%$1.2M$3.8M10xas long as short
Phemex HYPEUSDT−0.0142%8h93.889+0.151%$12.7M$2.7M50xas long as short
Aftermath Perps HYPEUSDlong−0.0134%1h93.748long leg$22K$21K10x
Ondo Perps HYPE-USD.P−0.0081%1h93.860+0.120%$703K$937K10xas long as short
Hotstuff HYPE-PERPshort−0.0080%1h93.872+0.132%$3K$33125x
Orderly PERP_HYPE_USDC−0.0057%4h93.919+0.183%$157K$646K20xas long as short
01 Exchange HYPEUSD−0.0048%1h93.946+0.211%$85K$350K20xas long as short
Backpack HYPE_USDC_PERP−0.0042%1h93.896+0.158%$7.8M$10.3M20xas long as short
Gate HYPE_USDT−0.0030%4h93.838+0.096%$44.4M$55.0M75xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX HYPE-USDT−0.0002%4h93.826+0.083%$53.7Mas long as short
Aster HYPEUSDT−0.0001%4h93.929+0.193%$8.9M$35.9M300xas long as short
dYdX HYPE-USD0.0000%1h93.869+0.129%$129K$31K5xas long as short
Perpl HYPE0.0000%43m93.962+0.228%$22K$326K10xas long as short
Bybit HYPEUSDT+0.0002%8h93.805+0.061%$322.1M$281.2M75xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.969+0.235%$26K150xas long as short
Phoenix HYPE+0.0060%1h93.904+0.167%$211K$1.2M10xas long as short
MEXC HYPE_USDT+0.0066%4h93.832+0.090%$87.8M$82.9M100xas long as short
Binance HYPEUSDT+0.0068%4h93.865+0.125%$382.0M$893.8M75xas long as short
OKX HYPE-USDT-SWAP+0.0068%8h93.829+0.087%$115.3M$309.0M50xas long as short
edgeX HYPEUSDC+0.0071%4h93.800+0.056%$5.1M$29.9M30xas long as short
Bullet HYPE-USD+0.0072%1h93.934+0.198%$112K$578K20xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.955+0.221%$341K$164K20xas long as short
Lighter HYPE+0.0096%1h93.962+0.228%$16.4M$62.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.956+0.222%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.928+0.192%$67K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.961+0.227%$400K$177K20xas long as short
Derive HYPE-PERP+0.0100%1h93.923+0.186%$16.3M$7.7M10xas long as short
Katana Perps HYPE-USD+0.0100%8h93.930+0.194%$21K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.904+0.167%$5.8M$45.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.929+0.193%$2.05B$672.7M10xas long as short
Pacifica HYPE+0.0100%1h93.919+0.183%$10.1M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.918+0.182%$46.5M$18.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.845+0.104%$227.4M$98.6M75xas long as short
Variational Omni HYPE+0.0100%8h93.910+0.172%$31.1M$54.7Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.824+0.081%$7.6M$47.7M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.834+0.092%$339K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.938+0.203%$670K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.981+0.249%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.974+0.241%$475K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.920+0.184%$80K$172K20xas long as short
SunX HYPE-USDT+0.0100%4h94.020+0.290%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.936+0.201%$2.0M$1.9M10xas long as short
Bulk HYPE-USD+0.0100%1h93.880+0.141%$204K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.827+0.085%$18.3M$44.3M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.920+0.184%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.920+0.184%$31K$339K12xas long as short
RISEx HYPE/USDC+0.0210%1h93.994+0.262%$3.2M$7.0M20xas long as short
HTX HYPE-USDT+0.0218%4h94.100+0.376%$1.4M$5.9M75xas long as short
Reya HYPERUSDPERP+0.0255%1h93.947+0.212%$80K$140K15xas long as short
Kalshi KXHYPEPERP+0.0273%8h94.001+0.270%$1.9M$4.9M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0156%1h93.969+0.236%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0442%1h94.042+0.314%$7.5M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0678%1h94.030+0.300%$21.0M$29.8M50xas long as short