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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h +0.008%
Price spread now: Extended against Binance−0.010%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$190.193% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.036%+$4 on $10k
Price spread, last 7 days+0.015%+$2 · spread now −0.010%, 7d avg −0.036%
Together, before fees+0.052%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.026% dearer against Binance than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.036%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance HYPEUSDT92.9350.0066pay 0.0033% / 4h1h 26m$381.2M$895.3M75x
ShortExtended HYPE-USD92.9260.0104get 0.0013% / 1h26m 10s$18.2M$42.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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
$8.01
Price spread: −0.010% → −0.036%
$2.6
Slippage, 4 orders
−$4.26
Fee Binance: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$8.66
Costs to cover
0.193%
Break-even
14.6 days
Slippage from Binance: live order book, 3 min ago; Extended: live order book, 3 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 Binance live order book, 3 min ago0.05 bp5.4 bp −$57.3 bp −$7313.9 bp −$1,38735.6 bp −$17.8K
Sell Extended live order book, 3 min ago0.05 bp2.6 bp −$33.8 bp −$3821.4 bp −$2,137doesn't fit

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
Aftermath Perps HYPEUSD−0.0396%1h93.007+0.077%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0280%1h92.983+0.052%$196K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h92.885−0.054%$1.2M$4.0M10xas long as short
Ondo Perps HYPE-USD.P−0.0126%1h93.030+0.102%$698K$927K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.980+0.048%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0032%1h92.968+0.035%$90K$362K20xas long as short
Popdex HYPEUSDT−0.0016%1h92.954+0.020%$58K$1.2M50xas long as short
Aster HYPEUSDT−0.0006%4h92.949+0.015%$8.8M$36.0M300xas long as short
dYdX HYPE-USD0.0000%1h93.019+0.091%$127K$32K5xas long as short
Perpl HYPE0.0000%43m92.963+0.029%$23K$331K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h92.993+0.062%$20K150xas long as short
Bybit HYPEUSDT+0.0024%8h92.930−0.006%$322.3M$287.2M75xas long as short
Orderly PERP_HYPE_USDC+0.0024%4h92.961+0.028%$171K$518K20xas long as short
Derive HYPE-PERP+0.0033%1h92.925−0.012%$16.2M$7.1M10xas long as short
Phoenix HYPE+0.0034%1h93.033+0.105%$213K$1.2M10xas long as short
Gate HYPE_USDT+0.0046%4h92.956+0.022%$43.8M$58.5M75xas long as short
Bullet HYPE-USD+0.0058%1h92.945+0.011%$111K$580K20xas long as short
Binance HYPEUSDTlong+0.0066%4h92.935long leg$381.2M$895.3M75x
MEXC HYPE_USDT+0.0068%4h92.938+0.003%$90.0M$82.0M100xas long as short
edgeX HYPEUSDC+0.0086%4h92.948+0.014%$5.0M$29.6M30xas long as short
Lighter HYPE+0.0096%1h92.993+0.062%$18.5M$58.9M20xas long as short
Lighter RH HYPE+0.0096%1h92.970+0.037%$3.1M$12.2M20xas long as short
Aevo HYPE-PERP+0.0096%1h92.952+0.018%$395K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0098%8h92.942+0.007%$338K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h92.970+0.037%$34K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h92.957+0.023%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.016+0.087%$2.02B$673.6M10xas long as short
Pacifica HYPE+0.0100%1h92.963+0.030%$9.9M$14.3M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h92.934−0.001%$113.5M$313.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.030+0.102%$203K$8K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.958+0.024%$46.9M$18.8M75xas long as short
Bitget HYPEUSDT+0.0100%4h92.953+0.019%$225.2M$103.0M75xas long as short
BingX HYPE-USDT+0.0100%4h92.956+0.022%$53.9Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.004+0.074%$7.8M$11.1M20xas long as short
Variational Omni HYPE+0.0100%8h93.003+0.073%$28.9M$50.6Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.985+0.054%$7.5M$45.9M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.976+0.044%$414K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.004+0.074%$673K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.005+0.075%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.988+0.057%$492K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.596+0.711%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h92.952+0.018%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.9350.000%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h92.962+0.029%$12.7M$2.6M50xas long as short
Extended HYPE-USDshort+0.0104%1h92.926−0.010%$18.2M$42.1M50x
Kalshi KXHYPEPERP+0.0110%8h93.037+0.109%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.010+0.080%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.230+0.317%$30K$338K12xas long as short
HTX HYPE-USDT+0.0241%4h93.150+0.231%$1.5M$7.7M75xas long as short
Reya HYPERUSDPERP+0.0247%1h92.942+0.008%$77K$158K15xas long as short
BloFin HYPE-USDT+0.0273%4h93.022+0.093%$16.9M$12.5M75xas long as short
RISEx HYPE/USDC+0.0280%1h92.993+0.063%$2.8M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0158%1h92.988+0.057%$1.5M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0438%1h93.054+0.128%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0467%1h93.043+0.116%$20.8M$29.0M50xas long as short