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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0404%/8h= +44.3% APRnext payment +$0.51 per $10,000 · paid last 24h +0.117%
Price spread now: RISEx against Aftermath Perps+0.098%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 4 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 +$12 a day on $10k at the current rate, and RISEx is 0.098% 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 HYPEUSD94.381−0.0156get 0.0019% / 1h13m 51s$22K$20K10x
ShortRISEx HYPE/USDC94.4730.0249get 0.0031% / 1h13m 51s$3.2M$6.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$84.91
Price spread: +0.098% → 0.000%
$9.8
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee RISEx: 3 bp × 2 orders
−$6
Net
$79.71
Costs to cover
0.150%
Break-even
0.4 days
Slippage unknown: Aftermath Perps: no order-book sample; RISEx: live order book, 5 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 RISEx live order book, 5 min ago0.79 bp3.9 bp −$45.8 bp −$58doesn'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−0.1688%1h94.413+0.034%$204K$266K7xas long as short
Bluefin HYPE-PERP−0.0393%1h94.455+0.078%$80K$152K20xas long as short
Ondo Perps HYPE-USD.P−0.0214%1h94.390+0.010%$712K$1.2M10xas long as short
Bullet HYPE-USD−0.0182%1h94.463+0.087%$111K$575K20xas long as short
Aftermath Perps HYPEUSDlong−0.0156%1h94.381long leg$22K$20K10x
01 Exchange HYPEUSD−0.0112%1h94.463+0.087%$88K$366K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.424+0.046%$3K$33125xas long as short
Derive HYPE-PERP−0.0048%1h94.403+0.023%$16.4M$7.4M10xas long as short
Arcus HYPE-USD−0.0045%1h94.433+0.055%$1.0M$3.6M10xas long as short
Lighter HYPE−0.0032%1h94.442+0.065%$16.4M$64.6M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit HYPEUSDT−0.0019%8h94.432+0.054%$317.4M$288.9M75xas long as short
BingX HYPE-USDT−0.0018%4h94.452+0.075%$52.8Mas long as short
Orderly PERP_HYPE_USDC−0.0009%4h94.447+0.070%$147K$686K20xas long as short
dYdX HYPE-USD0.0000%1h94.464+0.088%$130K$94K5xas long as short
Kalshi KXHYPEPERP0.0000%8h94.538+0.166%$1.9M$5.6M2.3xas long as short
Phoenix HYPE0.0000%1h94.517+0.144%$209K$1.1M10xas long as short
Perpl HYPE0.0000%43m94.463+0.087%$19K$286K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S 0.0000%1h94.492+0.118%$124K150xas long as short
Polymarket Perps HYPE-USD+0.0012%1h94.480+0.105%$498K$2.8M20xas long as short
Bitget HYPEUSDT+0.0024%4h94.450+0.073%$226.9M$100.1M75xas long as short
Phemex HYPEUSDT+0.0036%8h94.448+0.071%$12.9M$2.9M50xas long as short
Paradex HYPE-USD-PERP+0.0037%8h94.490+0.115%$338K$154K20xas long as short
Vest HYPE-PERP+0.0043%1h94.511+0.137%$190K5xas long as short
SoDEX HYPE-USD+0.0055%1h94.472+0.096%$2.1M$1.9M10xas long as short
Coinbase International HYPE-PERP-INTX+0.0064%1h94.470+0.094%$4.7M$6.2M50xas long as short
OKX HYPE-USDT-SWAP+0.0066%8h94.432+0.054%$117.8M$325.6M50xas long as short
edgeX HYPEUSDC+0.0083%4h94.437+0.059%$5.0M$30.8M30xas long as short
Gate HYPE_USDT+0.0094%4h94.456+0.080%$50.3M$56.8M75xas long as short
Lighter RH HYPE+0.0096%1h94.448+0.071%$3.2M$10.8M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.442+0.065%$79K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h94.440+0.063%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h94.439+0.062%$7.2M$52.9M10xas long as short
Hyperliquid HYPE+0.0100%1h94.531+0.159%$2.08B$688.2M10xas long as short
Aster HYPEUSDT+0.0100%4h94.451+0.075%$8.8M$37.1M300xas long as short
Pacifica HYPE+0.0100%1h94.470+0.094%$10.2M$15.0M20xas long as short
Binance HYPEUSDT+0.0100%4h94.447+0.070%$378.7M$933.5M75xas long as short
Bulk HYPE-USD+0.0100%1h94.307−0.079%$218K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h94.456+0.080%$89.8M$84.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.455+0.078%$46.9M$18.9M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.438+0.060%$7.6M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h94.390+0.010%$29.6M$54.7Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.361−0.021%$7.6M$45.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.316−0.069%$370K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h94.412+0.033%$682K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h94.540+0.169%$32K$1.6M20xas long as short
HTX HYPE-USDT+0.0100%4h94.574+0.205%$1.4M$6.8M75xas long as short
Extended HYPE-USD+0.0104%1h94.430+0.052%$18.3M$43.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h94.472+0.097%$399K$153K20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0150% / S +0.0022%1h94.452+0.075%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0184%1h94.553+0.182%$7.4M$4.3M50xas long as short
Injective HYPE/USDC PERP+0.0185%1h94.740+0.380%$31K$340K12xas long as short
Kraken Futures PF_HYPEUSD+0.0223%1h94.510+0.136%$20.2M$30.2M50xas long as short
RISEx HYPE/USDCshort+0.0249%1h94.473+0.098%$3.2M$6.4M20x
Reya HYPERUSDPERP+0.0272%1h94.388+0.008%$85K$120K15xas long as short
BloFin HYPE-USDT+0.0340%4h94.400+0.020%$17.1M$12.4M75xas long as short