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 02:00 UTC+0.0067%/8h= +7.4% APRnext payment +$0.08 per $10,000 · paid last 24h −0.014%
Price spread now: Pacifica against Bluefin+0.051%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$430.425% of the position
Long on BluefinShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 7 days+0.020%+$2 on $10k
Price spread, last 3 days (all we have)+0.020%+$2 · spread now +0.051%, 7d avg +0.025%
Together, before fees+0.041%+ Points / potential airdropPacifica: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Pacifica is 0.026% dearer against Bluefin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBluefin HYPE-PERP93.3370.0033pay 0.0004% / 1h47m 10s$79K$174K20x
ShortPacifica HYPE93.3850.0100get 0.0013% / 1h47m 10s$10.0M$14.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Bluefin. 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
$14.14
Price spread: +0.051% → +0.025%
$2.57
Slippage, 4 orders
−$27.51
Fee Bluefin: 3.5 bp × 2 orders
−$7
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$25.8
Costs to cover
0.425%
Break-even
19.8 days
Slippage from Bluefin: live order book, 22 min ago; Pacifica: live order book, 7 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 Bluefin live order book, 22 min ago5.49 bp17.2 bp −$17doesn't fitdoesn't fitdoesn't fit
Sell Pacifica live order book, 7 min ago0.81 bp5.3 bp −$5doesn't fitdoesn't fitdoesn'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−0.1064%1h93.383+0.050%$197K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.276−0.065%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0184%1h93.371+0.037%$22K$21K10xas long as short
Backpack HYPE_USDC_PERP−0.0133%1h93.339+0.002%$7.8M$10.6M20xas long as short
Ondo Perps HYPE-USD.P−0.0112%1h93.340+0.003%$699K$978K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.377+0.043%$3K$33125xas long as short
Gate HYPE_USDT−0.0080%4h93.356+0.020%$44.3M$53.8M75xas long as short
01 Exchange HYPEUSD−0.0072%1h93.404+0.072%$85K$361K20xas long as short
Phemex HYPEUSDT−0.0064%8h93.331−0.006%$12.7M$2.7M50xas long as short
Orderly PERP_HYPE_USDC−0.0052%4h93.304−0.035%$158K$646K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0025%4h93.378+0.044%$8.9M$36.2M300xas long as short
dYdX HYPE-USD0.0000%1h93.427+0.096%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.426+0.095%$22K$333K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.382+0.048%$26K—150xas long as short
BingX HYPE-USDT+0.0016%4h93.360+0.025%—$54.2M—as long as short
Bybit HYPEUSDT+0.0018%8h93.304−0.035%$319.2M$283.2M75xas long as short
Bullet HYPE-USD+0.0029%1h93.346+0.010%$111K$579K20xas long as short
Bluefin HYPE-PERPlong+0.0033%1h93.337long leg$79K$174K20x
Binance HYPEUSDT+0.0044%4h93.332−0.006%$380.5M$905.3M75xas long as short
MEXC HYPE_USDT+0.0046%4h93.331−0.006%$88.2M$82.3M100xas long as short
Derive HYPE-PERP+0.0058%1h93.301−0.039%$16.2M$7.6M10xas long as short
Phoenix HYPE+0.0060%1h93.190−0.157%$212K$1.2M10xas long as short
edgeX HYPEUSDC+0.0062%4h93.437+0.107%$5.1M$29.9M30xas long as short
OKX HYPE-USDT-SWAP+0.0065%8h93.330−0.007%$115.0M$315.6M50xas long as short
Aevo HYPE-PERP+0.0088%1h93.345+0.009%$397K$177K20xas long as short
Lighter HYPE+0.0096%1h93.325−0.013%$16.4M$62.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.315−0.024%$3.1M$11.8M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.407+0.075%$64K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.406+0.073%$339K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.420+0.089%$37K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.334−0.003%$6.6M$44.7M10xas long as short
Hyperliquid HYPE+0.0100%1h93.479+0.152%$2.04B$675.0M10xas long as short
Pacifica HYPEshort+0.0100%1h93.385+0.051%$10.0M$14.7M20x
Bulk HYPE-USD+0.0100%1h93.404+0.071%$203K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.418+0.087%$46.0M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.307−0.032%$225.9M$100.8M75xas long as short
Variational Omni HYPE+0.0100%8h93.281−0.060%$30.9M$55.0M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.420+0.089%$7.5M$47.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.460+0.132%$338K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.508+0.183%$667K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.437+0.107%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.417+0.086%$467K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.416+0.085%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.304−0.035%$2.0M$2.0M10xas long as short
Extended HYPE-USD+0.0104%1h93.251−0.092%$18.4M$44.4M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.380+0.046%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.250−0.093%$30K$338K12xas long as short
BloFin HYPE-USDT+0.0175%4h93.407+0.075%$17.0M$12.1M75xas long as short
RISEx HYPE/USDC+0.0210%1h93.452+0.123%$2.7M$6.7M20xas long as short
Reya HYPERUSDPERP+0.0253%1h93.357+0.021%$79K$142K15xas long as short
HTX HYPE-USDT+0.0259%4h93.490+0.164%$1.4M$6.1M75xas long as short
Kalshi KXHYPEPERP+0.0259%8h93.441+0.111%$1.9M$5.2M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0334% / S −0.0158%1h93.379+0.045%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0489%1h93.392+0.059%$7.5M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0683%1h93.374+0.040%$20.8M$30.0M50xas long as short