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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.014%
Price spread now: StandX against BingX+0.032%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$210.210% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.087%+$9 on $10k
Price spread, last 7 days−0.038%−$4 · spread now +0.032%, 7d avg +0.008%
Together, before fees+0.049%+ Points / potential airdropStandX: Active · farm board+$5 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 0.024% dearer against BingX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX HYPE-USDT93.8060.0100pay 0.0050% / 4h3h 55m$54.0M
ShortStandX HYPE-USD93.8360.0100get 0.0013% / 1h55m 01s$678K$2.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against BingX. 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: +0.032% → +0.008%
$2.44
Slippage, 4 orders
−$2.98
Fee BingX: 5 bp × 2 orders
−$10
Fee StandX: 4 bp × 2 orders
−$8
Net
−$18.54
Costs to cover
0.210%
Break-even
never at this rate
Slippage from BingX: live order book, 4 min ago; StandX: live order book, 4 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 BingX live order book, 4 min ago0.16 bp5.2 bp −$56.0 bp −$6010.8 bp −$1,07614.9 bp −$7,460
Sell StandX live order book, 4 min ago1.33 bp5.3 bp −$55.6 bp −$5633.2 bp −$3,315doesn'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
Hibachi HYPE/USDT-P−0.1440%1h93.842+0.039%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.706−0.107%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0317%1h93.953+0.157%$22K$22K10xas long as short
ApeX Omni HYPEUSDT−0.0224%1h93.928+0.130%$340K$1.1M50xas long as short
dYdX HYPE-USD−0.0179%1h93.914+0.115%$128K$30K5xas long as short
Gate HYPE_USDT−0.0128%4h93.811+0.005%$44.6M$58.8M75xas long as short
Ondo Perps HYPE-USD.P−0.0125%1h93.770−0.038%$705K$925K10xas long as short
Bullet HYPE-USD−0.0120%1h93.765−0.044%$112K$579K20xas long as short
01 Exchange HYPEUSD−0.0120%1h93.784−0.023%$86K$365K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.831+0.027%$3K$33125xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit HYPEUSDT−0.0072%8h93.826+0.021%$322.8M$283.6M75xas long as short
Derive HYPE-PERP−0.0013%1h93.721−0.091%$16.4M$7.2M10xas long as short
Orderly PERP_HYPE_USDC−0.0008%4h93.778−0.030%$169K$594K20xas long as short
Perpl HYPE0.0000%43m93.804−0.002%$23K$329K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.800−0.006%$27K150xas long as short
Phoenix HYPE+0.0009%1h93.913+0.114%$217K$1.2M10xas long as short
Aster HYPEUSDT+0.0011%4h93.773−0.035%$8.9M$36.1M300xas long as short
Popdex HYPEUSDT+0.0032%1h93.779−0.029%$60K$1.2M50xas long as short
Phemex HYPEUSDT+0.0034%8h93.832+0.028%$12.8M$2.6M50xas long as short
Binance HYPEUSDT+0.0039%4h93.842+0.038%$383.4M$898.0M75xas long as short
MEXC HYPE_USDT+0.0042%4h93.838+0.034%$88.1M$81.8M100xas long as short
edgeX HYPEUSDC+0.0062%4h93.918+0.119%$5.1M$29.7M30xas long as short
OKX HYPE-USDT-SWAP+0.0084%8h93.838+0.034%$115.7M$321.7M50xas long as short
Aevo HYPE-PERP+0.0088%1h93.876+0.074%$399K$280K20xas long as short
Lighter HYPE+0.0096%1h93.838+0.034%$18.8M$58.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.819+0.014%$3.1M$12.0M20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.860+0.057%$341K$171K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.820+0.015%$42K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.808+0.002%$6.6M$44.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.891+0.091%$2.04B$681.1M10xas long as short
Pacifica HYPE+0.0100%1h93.843+0.039%$10.1M$14.6M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.803−0.003%$46.5M$18.5M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.842+0.038%$227.3M$101.9M75xas long as short
BingX HYPE-USDTlong+0.0100%4h93.806long leg$54.0M
Backpack HYPE_USDC_PERP+0.0100%1h93.826+0.021%$7.7M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.832+0.028%$31.2M$54.3Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.944+0.147%$7.6M$45.4M10xas long as short
StandX HYPE-USDshort+0.0100%1h93.836+0.032%$678K$2.5M20x
Vest HYPE-PERP+0.0100%1h93.836+0.032%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.817+0.012%$479K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.814+0.009%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h93.879+0.078%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.770−0.038%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.944+0.147%$205K$6K10xas long as short
Extended HYPE-USD+0.0104%1h93.807+0.001%$18.4M$42.6M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.890+0.090%$4.9M$5.7M50xas long as short
BloFin HYPE-USDT+0.0158%4h93.777−0.031%$17.0M$12.5M75xas long as short
Kalshi KXHYPEPERP+0.0162%8h93.870+0.068%$1.9M$5.1M2.3xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.150+0.367%$31K$338K12xas long as short
RISEx HYPE/USDC+0.0222%1h93.849+0.046%$2.8M$6.9M20xas long as short
Reya HYPERUSDPERP+0.0250%1h93.763−0.046%$78K$143K15xas long as short
HTX HYPE-USDT+0.0325%4h94.000+0.207%$1.5M$7.4M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0336%1h93.871+0.069%$7.4M$4.7M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0157%1h93.804−0.002%$1.4M100xas long as short
Kraken Futures PF_HYPEUSD+0.0673%1h93.872+0.071%$21.0M$29.5M50xas long as short