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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h −0.002%
Price spread now: Coinbase International against Bitget−0.017%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$370.374% of the position
Long on BitgetShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days−0.026%−$3 on $10k
Price spread, last 3 days (all we have)+0.014%+$1 · spread now −0.017%, 7d avg −0.008%
Together, before fees−0.012%−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget HYPEUSDT93.9860.0100pay 0.0050% / 4h3h 09m$227.6M$100.2M75x
ShortCoinbase International HYPE-PERP-INTX93.9700.0144get 0.0018% / 1h9m 18s$4.9M$5.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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
$9.24
Price spread: −0.017% → −0.008%
−$0.86
Slippage, 4 orders
−$15.42
Fee Bitget: 6 bp × 2 orders
−$12
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$29.04
Costs to cover
0.374%
Break-even
29.0 days
Slippage from Bitget: live order book, 5 min ago; Coinbase International: live order book, 5 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 Bitget live order book, 5 min ago0.43 bp8.7 bp −$913.1 bp −$131doesn't fitdoesn't fit
Sell Coinbase International live order book, 5 min ago4.78 bp10.1 bp −$1013.6 bp −$13632.4 bp −$3,244doesn'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−0.1168%1h93.966−0.022%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.924−0.066%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0210%1h93.984−0.002%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0102%1h93.870−0.123%$710K$959K10xas long as short
Phemex HYPEUSDT−0.0095%8h93.940−0.049%$12.8M$2.6M50xas long as short
dYdX HYPE-USD−0.0089%1h94.078+0.098%$129K$31K5xas long as short
01 Exchange HYPEUSD−0.0080%1h94.018+0.034%$86K$359K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.036+0.053%$3K$33125xas long as short
Bullet HYPE-USD−0.0048%1h93.989+0.003%$113K$580K20xas long as short
Orderly PERP_HYPE_USDC−0.0029%4h93.938−0.051%$159K$643K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HYPE_USDT−0.0012%4h93.976−0.011%$44.5M$60.3M75xas long as short
Perpl HYPE0.0000%43m94.046+0.063%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h94.010+0.026%$27K—150xas long as short
Derive HYPE-PERP+0.0009%1h93.925−0.065%$16.4M$7.3M10xas long as short
Aster HYPEUSDT+0.0012%4h93.984−0.002%$8.9M$36.1M300xas long as short
Bybit HYPEUSDT+0.0015%8h93.936−0.053%$323.4M$279.7M75xas long as short
Phoenix HYPE+0.0034%1h94.071+0.090%$218K$1.2M10xas long as short
MEXC HYPE_USDT+0.0052%4h94.000+0.015%$88.5M$83.3M100xas long as short
Binance HYPEUSDT+0.0053%4h93.957−0.031%$383.6M$894.1M75xas long as short
edgeX HYPEUSDC+0.0065%4h93.937−0.052%$5.1M$29.6M30xas long as short
OKX HYPE-USDT-SWAP+0.0073%8h93.910−0.081%$116.2M$315.1M50xas long as short
Lighter HYPE+0.0096%1h93.985−0.001%$18.9M$60.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.964−0.023%$3.0M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.017+0.033%$65K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.969−0.018%$400K$180K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h94.104+0.126%$342K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h94.030+0.047%$31K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h94.020+0.037%$6.6M$44.6M10xas long as short
Hyperliquid HYPE+0.0100%1h94.063+0.082%$2.05B$668.2M10xas long as short
Pacifica HYPE+0.0100%1h94.070+0.089%$10.1M$14.7M20xas long as short
Bulk HYPE-USD+0.0100%1h93.528−0.487%$204K$12K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.026+0.043%$46.7M$18.3M75xas long as short
Bitget HYPEUSDTlong+0.0100%4h93.986long leg$227.6M$100.2M75x
BingX HYPE-USDT+0.0100%4h93.985−0.001%—$54.1M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.984−0.002%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.920−0.071%$31.4M$53.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.053+0.071%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.946−0.043%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.959−0.029%$671K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h94.050+0.068%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.049+0.067%$475K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.926−0.064%$76K$170K20xas long as short
SunX HYPE-USDT+0.0100%4h94.049+0.067%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.955−0.033%$2.0M$2.0M10xas long as short
Extended HYPE-USD+0.0104%1h93.949−0.039%$18.4M$45.2M50xas long as short
Coinbase International HYPE-PERP-INTXshort+0.0144%1h93.970−0.017%$4.9M$5.5M50x
Injective HYPE/USDC PERP+0.0205%1h94.490+0.536%$31K$338K12xas long as short
BloFin HYPE-USDT+0.0212%4h94.058+0.077%$17.1M$12.1M75xas long as short
RISEx HYPE/USDC+0.0222%1h94.063+0.081%$2.7M$6.7M20xas long as short
Kalshi KXHYPEPERP+0.0241%8h94.083+0.103%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0252%1h93.976−0.010%$79K$143K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0335% / S −0.0158%1h94.009+0.025%$1.4M—100xas long as short
HTX HYPE-USDT+0.0366%4h94.211+0.239%$1.5M$5.9M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0431%1h94.060+0.079%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0672%1h94.012+0.028%$21.0M$29.8M50xas long as short