Funding arb · Price arb /

HYPE

all HYPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0008%/8h= +0.8% APRpaid last 24h +0.008%

Price spread now: StandX against Binance+0.074%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$220.224% of the position

Long on Binance Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 7 days−0.078%−$8 · spread now +0.074%, 7d avg −0.007%

Together, before fees−0.064%+ Points / potential airdropStandX: Active · farm board−$6 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: StandX is 0.080% dearer against Binance than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HYPEUSDT	95.146	0.0092	pay 0.0046% / 4h	1h 53m	$382.5M	$854.9M	75x
Short	StandX HYPE-USD	95.216	0.0100	get 0.0013% / 1h	53m 37s	$693K	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.074%Rate

Funding earned: $1.61
Price spread: +0.074% → −0.007%: $8.03
Slippage, 4 orders: −$4.4
Fee Binance: 5 bp × 2 orders: −$10
Fee StandX: 4 bp × 2 orders: −$8
Net: −$12.76
Costs to cover: 0.224%
Break-even: 62.4 days

Slippage from Binance: live order book, 13 min ago; StandX: live order book, 3 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	6.2 bp −$6	8.3 bp −$83	15.7 bp −$1,574	36.2 bp −$18.1K
Sell StandX live order book, 3 min ago	1.31 bp	5.3 bp −$5	5.5 bp −$55	12.6 bp −$1,259	doesn't fit

HYPE on 54 exchanges

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	−0.1272%	1h	95.275	+0.136%	$213K	$261K	7x	as long as short
Phemex HYPEUSDT	−0.0283%	8h	95.208	+0.065%	$13.0M	$2.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	−0.0251%	1h	95.218	+0.075%	$18.5M	$35.2M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0160%	1h	95.160	+0.015%	$690K	$1.3M	10x	as long as short
Bullet HYPE-USD	−0.0146%	1h	95.222	+0.080%	$114K	$581K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0135%	1h	95.258	+0.118%	$22K	$17K	10x	as long as short
Arcus HYPE-USD	−0.0130%	1h	95.153	+0.007%	$1.1M	$2.4M	10x	as long as short
01 Exchange HYPEUSD	−0.0096%	1h	95.145	−0.001%	$92K	$337K	20x	as long as short
Lighter HYPE	−0.0096%	1h	95.147	+0.001%	$16.3M	$57.5M	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.191	+0.047%	$3K	$331	25x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate HYPE_USDT	−0.0076%	4h	95.157	+0.012%	$54.7M	$53.1M	75x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0056%	1h	95.250	+0.109%	$4.7M	$5.6M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0040%	4h	95.180	+0.036%	$148K	$643K	20x	as long as short
Aster HYPEUSDT	−0.0031%	4h	95.156	+0.011%	$9.0M	$32.9M	300x	as long as short
OKX HYPE-USDT-SWAP	−0.0012%	8h	95.118	−0.029%	$119.2M	$303.0M	50x	as long as short
dYdX HYPE-USD	0.0000%	1h	95.259	+0.119%	$129K	$94K	5x	as long as short
Popdex HYPEUSDT	0.0000%	1h	95.142	−0.004%	$274K	$1.0M	50x	as long as short
Perpl HYPE	0.0000%	43m	95.197	+0.054%	$24K	$251K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.248	+0.107%	$100K	—	150x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0012%	1h	95.297	+0.159%	$7.5M	$4.3M	50x	as long as short
Phoenix HYPE	+0.0017%	1h	95.333	+0.197%	$201K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0018%	4h	95.153	+0.007%	$228.7M	$86.9M	75x	as long as short
Bybit HYPEUSDT	+0.0028%	8h	95.140	−0.006%	$320.5M	$266.4M	75x	as long as short
SoDEX HYPE-USD	+0.0049%	1h	95.202	+0.059%	$2.1M	$373K	10x	as long as short
Bulk HYPE-USD	+0.0074%	1h	95.269	+0.129%	$232K	$12K	10x	as long as short
Paradex HYPE-USD-PERP	+0.0075%	8h	95.170	+0.025%	$340K	$35K	20x	as long as short
Binance HYPEUSDTlong	+0.0092%	4h	95.146	long leg	$382.5M	$854.9M	75x
edgeX HYPEUSDC	+0.0092%	4h	95.253	+0.112%	$5.1M	$29.1M	30x	as long as short
Bluefin HYPE-PERP	+0.0094%	1h	95.212	+0.069%	$79K	$136K	20x	as long as short
MEXC HYPE_USDT	+0.0094%	4h	95.156	+0.011%	$90.6M	$83.0M	100x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.179	+0.035%	$3.3M	$10.0M	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	95.120	−0.027%	$39K	$1.5M	10x	as long as short
Vest HYPE-PERP	+0.0100%	1h	95.222	+0.080%	—	$80K	5x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.154	+0.009%	$7.4M	$51.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.295	+0.157%	$2.11B	$645.5M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.191	+0.047%	$10.3M	$13.3M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.175	+0.031%	$48.1M	$17.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	95.174	+0.030%	—	$49.2M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	95.242	+0.101%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.251	+0.110%	$30.0M	$53.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.290	+0.151%	$7.7M	$39.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.279	+0.140%	$347K	$882K	50x	as long as short
StandX HYPE-USDshort	+0.0100%	1h	95.216	+0.074%	$693K	$2.8M	20x
Polymarket Perps HYPE-USD	+0.0100%	1h	95.182	+0.038%	$504K	$2.5M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.291	+0.152%	$33K	$1.4M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.326	+0.189%	$1.4M	$5.4M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	95.124	−0.023%	$18.4M	$39.8M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	95.219	+0.077%	$403K	$130K	20x	as long as short
Kalshi KXHYPEPERP	+0.0125%	8h	95.316	+0.179%	$1.8M	$5.1M	2.3x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	95.261	+0.121%	$3.2M	$5.5M	20x	as long as short
Reya HYPERUSDPERP	+0.0270%	1h	95.118	−0.029%	$85K	$96K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0155%	1h	95.243	+0.102%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0338%	4h	95.266	+0.126%	$17.3M	$11.5M	75x	as long as short
Injective HYPE/USDC PERP	+0.0969%	1h	95.400	+0.267%	$31K	$334K	12x	as long as short