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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0457%/8h= +50.0% APRnext payment +$0.57 per $10,000 · paid last 24h +0.051%
Price spread now: Hyperliquid against Aftermath Perps+0.198%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 airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Hyperliquid is 0.198% dearer against Aftermath Perps than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps HYPEUSD93.936−0.0357get 0.0045% / 1h2m 55s$22K$22K10x
ShortHyperliquid HYPE94.1220.0100get 0.0013% / 1h2m 55s$2.05B$680.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
$95.92
Price spread: +0.198% → 0.000%
$19.84
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$97.76
Costs to cover
0.180%
Break-even
from the start
Slippage unknown: Aftermath Perps: no order-book sample; Hyperliquid: live order book, 11 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 Hyperliquid live order book, 11 min ago0.05 bp4.6 bp −$56.8 bp −$68doesn'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−0.1376%1h93.897−0.042%$199K$230K7xas long as short
Aftermath Perps HYPEUSDlong−0.0357%1h93.936long leg$22K$22K10x
Arcus HYPE-USD−0.0233%1h93.920−0.017%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0128%1h93.970+0.037%$704K$926K10xas long as short
01 Exchange HYPEUSD−0.0080%1h94.042+0.113%$86K$368K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.034+0.105%$3K$33125xas long as short
Derive HYPE-PERP−0.0010%1h93.985+0.052%$16.4M$7.2M10xas long as short
Orderly PERP_HYPE_USDC−0.0005%4h94.050+0.122%$170K$593K20xas long as short
dYdX HYPE-USD0.0000%1h93.987+0.055%$128K$30K5xas long as short
Perpl HYPE0.0000%43m94.081+0.155%$23K$329K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h94.070+0.143%$27K150xas long as short
Phoenix HYPE+0.0009%1h93.898−0.040%$217K$1.2M10xas long as short
Aster HYPEUSDT+0.0014%4h94.006+0.075%$8.9M$36.1M300xas long as short
Bybit HYPEUSDT+0.0019%8h93.940+0.005%$323.4M$283.9M75xas long as short
Phemex HYPEUSDT+0.0028%8h93.997+0.065%$12.8M$2.6M50xas long as short
MEXC HYPE_USDT+0.0046%4h93.971+0.038%$88.4M$82.3M100xas long as short
Binance HYPEUSDT+0.0046%4h93.955+0.020%$384.0M$898.6M75xas long as short
edgeX HYPEUSDC+0.0064%4h93.859−0.081%$5.1M$29.7M30xas long as short
Popdex HYPEUSDT+0.0064%1h94.049+0.121%$60K$1.2M50xas long as short
Gate HYPE_USDT+0.0066%4h93.966+0.032%$44.2M$60.1M75xas long as short
Bullet HYPE-USD+0.0079%1h94.020+0.089%$112K$578K20xas long as short
OKX HYPE-USDT-SWAP+0.0088%8h93.962+0.028%$116.0M$323.0M50xas long as short
Lighter HYPE+0.0096%1h94.079+0.153%$18.9M$60.4M20xas long as short
Lighter RH HYPE+0.0096%1h94.055+0.127%$3.1M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h94.045+0.117%$400K$318K20xas long as short
Katana Perps HYPE-USD+0.0099%8h94.040+0.111%$36K$1.6M10xas long as short
Paradex HYPE-USD-PERP+0.0099%8h94.066+0.138%$342K$171K20xas long as short
Nado HYPE-PERP+0.0100%1h94.049+0.121%$6.7M$44.9M10xas long as short
Hyperliquid HYPEshort+0.0100%1h94.122+0.198%$2.05B$680.0M10x
Pacifica HYPE+0.0100%1h94.071+0.144%$10.1M$14.5M20xas long as short
Bulk HYPE-USD+0.0100%1h93.889−0.050%$205K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.016+0.086%$46.6M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.974+0.041%$227.6M$102.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.959+0.025%$54.0Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.046+0.117%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.812−0.131%$31.3M$54.2Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.864−0.077%$7.6M$45.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.817−0.126%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.966+0.032%$679K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h94.055+0.127%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.070+0.143%$472K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h94.059+0.131%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h94.087+0.161%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.039+0.110%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.505%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.951+0.016%$18.4M$42.8M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h94.110+0.186%$4.9M$5.7M50xas long as short
Kalshi KXHYPEPERP+0.0157%8h94.091+0.165%$1.9M$5.1M2.3xas long as short
BloFin HYPE-USDT+0.0185%4h93.999+0.067%$17.0M$12.6M75xas long as short
HTX HYPE-USDT+0.0194%4h94.200+0.281%$1.5M$7.8M75xas long as short
Reya HYPERUSDPERP+0.0250%1h94.042+0.113%$77K$142K15xas long as short
RISEx HYPE/USDC+0.0284%1h94.091+0.166%$2.8M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0163%1h94.066+0.139%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0473%1h94.154+0.232%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0576%1h94.151+0.229%$21.1M$29.5M50xas long as short