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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.014%
Price spread now: BingX against ApeX Omni−0.166%83s7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$310.309% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.083%−$8 on $10k
Price spread, last 3 days (all we have)+0.099%+$10 · spread now −0.166%, 7d avg −0.015%
Together, before fees+0.016%+$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.151% cheaper against ApeX Omni than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.015%. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni HYPEUSDT93.6460.0100pay 0.0013% / 1h24m 08s$346K$1.1M50x
ShortBingX HYPE-USDT93.4910.0100get 0.0050% / 4h24m 08s$54.2M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against ApeX Omni. 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
$0
Price spread: −0.166% → −0.015%
−$15.09
Slippage, 4 orders
−$10.9
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$45.98
Costs to cover
0.309%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 5 min ago; BingX: live order book, 15 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 5 min ago2.40 bp10.2 bp −$1014.4 bp −$144doesn't fitdoesn't fit
Sell BingX live order book, 15 min ago0.11 bp5.1 bp −$56.7 bp −$6710.3 bp −$1,03216.1 bp −$8,030

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−0.0928%1h93.480−0.177%$198K$229K7xas long as short
Aftermath Perps HYPEUSD−0.0383%1h93.607−0.042%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.434−0.226%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.524−0.130%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0079%1h93.470−0.188%$703K$910K10xas long as short
01 Exchange HYPEUSD−0.0056%1h93.497−0.159%$86K$366K20xas long as short
dYdX HYPE-USD0.0000%1h93.492−0.164%$127K$30K5xas long as short
Perpl HYPE0.0000%43m93.528−0.126%$23K$329K10xas long as short
Orderly PERP_HYPE_USDC+0.0001%4h93.515−0.140%$166K$583K20xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.527−0.127%$26K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Derive HYPE-PERP+0.0003%1h93.446−0.214%$16.3M$7.1M10xas long as short
Aster HYPEUSDT+0.0006%4h93.503−0.153%$8.9M$36.0M300xas long as short
Phoenix HYPE+0.0009%1h93.618−0.030%$214K$1.2M10xas long as short
Bybit HYPEUSDT+0.0018%8h93.480−0.177%$321.3M$283.6M75xas long as short
MEXC HYPE_USDT+0.0050%4h93.492−0.164%$87.6M$81.8M100xas long as short
Binance HYPEUSDT+0.0052%4h93.500−0.156%$382.1M$896.3M75xas long as short
edgeX HYPEUSDC+0.0064%4h93.635−0.011%$5.1M$29.7M30xas long as short
Phemex HYPEUSDT+0.0068%8h93.523−0.131%$12.7M$2.6M50xas long as short
Gate HYPE_USDT+0.0078%4h93.483−0.174%$43.9M$59.6M75xas long as short
Popdex HYPEUSDT+0.0088%1h93.509−0.146%$59K$1.2M50xas long as short
Bullet HYPE-USD+0.0091%1h93.483−0.174%$113K$576K20xas long as short
Lighter HYPE+0.0096%1h93.545−0.108%$18.8M$60.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.523−0.131%$3.0M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.509−0.146%$398K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.551−0.102%$340K$171K20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.500−0.156%$43K$1.6M10xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.487−0.170%$115.2M$320.2M50xas long as short
Nado HYPE-PERP+0.0100%1h93.527−0.127%$5.7M$44.4M10xas long as short
Pacifica HYPE+0.0100%1h93.542−0.111%$10.1M$14.5M20xas long as short
Bulk HYPE-USD+0.0100%1h93.625−0.023%$204K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.499−0.157%$46.3M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.492−0.164%$226.5M$102.5M75xas long as short
BingX HYPE-USDTshort+0.0100%4h93.491−0.166%$54.2M
Backpack HYPE_USDC_PERP+0.0100%1h93.516−0.139%$7.8M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.574−0.077%$31.2M$54.0Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.619−0.029%$7.6M$45.1M10xas long as short
ApeX Omni HYPEUSDTlong+0.0100%1h93.646long leg$346K$1.1M50x
StandX HYPE-USD+0.0100%1h93.611−0.037%$677K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.545−0.108%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.528−0.126%$490K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.474−0.184%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h93.545−0.108%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.483−0.174%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.816%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.463−0.195%$18.3M$42.8M50xas long as short
Kalshi KXHYPEPERP+0.0132%8h93.577−0.074%$1.9M$5.0M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.560−0.092%$4.9M$5.6M50xas long as short
Hyperliquid HYPE+0.0172%1h93.531−0.123%$2.03B$676.9M10xas long as short
BloFin HYPE-USDT+0.0208%4h93.521−0.133%$17.1M$12.6M75xas long as short
HTX HYPE-USDT+0.0210%4h93.688+0.045%$1.5M$7.8M75xas long as short
Reya HYPERUSDPERP+0.0249%1h93.509−0.146%$77K$142K15xas long as short
RISEx HYPE/USDC+0.0284%1h93.558−0.093%$2.8M$6.9M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0337% / S −0.0163%1h93.520−0.135%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0359%1h93.585−0.065%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0580%1h93.584−0.067%$20.9M$29.5M50xas long as short