Funding arb · Price arb /

HYPE

all HYPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: KuCoin against Binance+0.010%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 7 days−0.004%$0 · spread now +0.010%, 7d avg −0.007%

Together, before fees+0.003%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HYPEUSDT	93.575	0.0100	pay 0.0050% / 4h	1h 30m	$379.6M	$876.2M	75x
Short	KuCoin HYPEUSDTM	93.585	0.0100	get 0.0050% / 4h	1h 30m	$46.0M	$18.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee BinancebpFee KuCoinbpOrdersPrice spread, now +0.010%Rate

Funding earned: $0
Price spread: +0.010% → −0.007%: $1.69
Slippage, 4 orders: −$11.63
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$31.93
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; KuCoin: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 13 min ago	0.05 bp	5.1 bp −$5	7.7 bp −$77	16.1 bp −$1,610	37.1 bp −$18.6K
Sell KuCoin live order book, 8 min ago	0.43 bp	10.6 bp −$11	17.6 bp −$176	doesn't fit	doesn't fit

HYPE on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.1296%	1h	93.373	−0.216%	$196K	$226K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	93.453	−0.131%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0103%	1h	93.320	−0.273%	$699K	$996K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.512	−0.068%	$3K	$331	25x	as long as short
Phemex HYPEUSDT	−0.0076%	8h	93.562	−0.014%	$12.6M	$2.7M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0063%	1h	93.445	−0.139%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	93.603	+0.029%	$85K	$344K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0042%	4h	93.562	−0.014%	$154K	$648K	20x	as long as short
Bullet HYPE-USD	−0.0002%	1h	93.559	−0.018%	$111K	$578K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.560	−0.017%	$128K	$31K	5x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	93.578	+0.003%	$23K	$322K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.593	+0.019%	$62K	—	150x	as long as short
BingX HYPE-USDT	+0.0024%	4h	93.546	−0.031%	—	$53.0M	—	as long as short
Phoenix HYPE	+0.0026%	1h	93.512	−0.068%	$213K	$1.2M	10x	as long as short
Aster HYPEUSDT	+0.0026%	4h	93.588	+0.014%	$8.8M	$35.5M	300x	as long as short
Bybit HYPEUSDT	+0.0038%	8h	93.544	−0.034%	$321.8M	$277.0M	75x	as long as short
Gate HYPE_USDT	+0.0054%	4h	93.545	−0.033%	$44.7M	$54.9M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0076%	8h	93.527	−0.052%	$114.3M	$302.3M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.617	+0.045%	$16.3M	$61.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.605	+0.032%	$3.1M	$11.6M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.590	+0.016%	$69K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.605	+0.032%	$340K	$162K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.580	+0.005%	$17K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.555	−0.022%	$5.8M	$43.2M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.639	+0.068%	$2.04B	$654.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.587	+0.012%	$10.1M	$14.6M	20x	as long as short
Binance HYPEUSDTlong	+0.0100%	4h	93.575	long leg	$379.6M	$876.2M	75x
Bulk HYPE-USD	+0.0100%	1h	93.364	−0.226%	$203K	$10K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.568	−0.008%	$89.9M	$80.8M	100x	as long as short
KuCoin HYPEUSDTMshort	+0.0100%	4h	93.585	+0.010%	$46.0M	$18.1M	75x
Bitget HYPEUSDT	+0.0100%	4h	93.538	−0.040%	$226.2M	$96.6M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.563	−0.013%	$7.4M	$10.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.546	−0.032%	$31.2M	$53.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.532	−0.047%	$7.6M	$45.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.349	−0.242%	$339K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.512	−0.068%	$667K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.588	+0.014%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.592	+0.018%	$472K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.564	−0.012%	$79K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.551	−0.026%	$16.2M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.619	+0.047%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.600	+0.026%	$2.0M	$1.9M	10x	as long as short
edgeX HYPEUSDC	+0.0102%	4h	93.459	−0.124%	$5.1M	$29.7M	30x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.538	−0.040%	$18.4M	$43.7M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.589	+0.014%	$398K	$162K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.630	+0.058%	$4.8M	$5.6M	50x	as long as short
HTX HYPE-USDT	+0.0187%	4h	93.700	+0.133%	$1.4M	$6.0M	75x	as long as short
Reya HYPERUSDPERP	+0.0258%	1h	93.549	−0.028%	$80K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0279%	8h	93.570	−0.006%	$1.9M	$5.0M	2.3x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0305%	1h	93.665	+0.096%	$7.5M	$4.4M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.588	+0.013%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.555	−0.022%	$17.0M	$11.6M	75x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.665	+0.095%	$3.2M	$6.3M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.310	−0.284%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0683%	1h	93.661	+0.092%	$20.8M	$29.7M	50x	as long as short