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+0.0013%/8h= +1.4% APRnext payment +$0.02 per $10,000 · paid last 24h +0.009%
Price spread now: Extended against Bullet−0.002%46s7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$190.188% of the position
Long on BulletShort on Extended
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.015%+$2 on $10k
Price spread, last 3 days (all we have)−0.281%−$28 · spread now −0.002%, 7d avg −0.066%
Together, before fees−0.266%+ Points / potential airdropExtended: Active · farm board−$27 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Extended is 0.063% dearer against Bullet than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.066%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet HYPE-USD93.4830.0091pay 0.0011% / 1h23m 40s$113K$576K20x
ShortExtended HYPE-USD93.4810.0104get 0.0013% / 1h23m 40s$18.3M$42.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bullet. 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
$2.63
Price spread: −0.002% → −0.066%
$6.33
Slippage, 4 orders
−$5.78
Fee Bullet: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$9.82
Costs to cover
0.188%
Break-even
33.1 days
Slippage from Bullet: live order book, 55 min ago; Extended: 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 Bullet live order book, 55 min ago0.22 bp8.9 bp −$915.0 bp −$150doesn't fitdoesn't fit
Sell Extended live order book, 5 min ago0.05 bp2.6 bp −$33.6 bp −$3623.7 bp −$2,369doesn'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−0.0928%1h93.480−0.003%$198K$229K7xas long as short
Aftermath Perps HYPEUSD−0.0383%1h93.607+0.133%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.404−0.084%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0087%1h93.450−0.035%$703K$910K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.507+0.026%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0056%1h93.478−0.005%$86K$366K20xas long as short
dYdX HYPE-USD0.0000%1h93.573+0.097%$127K$30K5xas long as short
Perpl HYPE0.0000%43m93.528+0.048%$23K$329K10xas long as short
Orderly PERP_HYPE_USDC+0.0001%4h93.515+0.034%$166K$583K20xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.527+0.047%$26K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Derive HYPE-PERP+0.0003%1h93.446−0.040%$16.3M$7.1M10xas long as short
Aster HYPEUSDT+0.0005%4h93.519+0.039%$8.9M$36.0M300xas long as short
Phoenix HYPE+0.0009%1h93.618+0.144%$214K$1.2M10xas long as short
Bybit HYPEUSDT+0.0018%8h93.510+0.029%$321.4M$283.7M75xas long as short
MEXC HYPE_USDT+0.0050%4h93.526+0.046%$87.7M$81.8M100xas long as short
Binance HYPEUSDT+0.0051%4h93.504+0.022%$382.1M$896.1M75xas long as short
edgeX HYPEUSDC+0.0062%4h93.464−0.021%$5.1M$29.7M30xas long as short
Phemex HYPEUSDT+0.0068%8h93.523+0.043%$12.7M$2.6M50xas long as short
Gate HYPE_USDT+0.0074%4h93.500+0.018%$43.9M$59.6M75xas long as short
Popdex HYPEUSDT+0.0080%1h93.498+0.016%$59K$1.2M50xas long as short
Bullet HYPE-USDlong+0.0091%1h93.483long leg$113K$576K20x
Lighter HYPE+0.0096%1h93.527+0.047%$18.8M$60.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.487+0.004%$3.0M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.509+0.028%$398K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.525+0.045%$340K$171K20xas long as short
OKX HYPE-USDT-SWAP+0.0099%8h93.496+0.014%$115.2M$320.3M50xas long as short
Katana Perps HYPE-USD+0.0099%8h93.470−0.014%$22K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.527+0.048%$5.7M$44.4M10xas long as short
Pacifica HYPE+0.0100%1h93.543+0.064%$10.1M$14.5M20xas long as short
Bulk HYPE-USD+0.0100%1h93.625+0.152%$204K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.480−0.003%$46.3M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.515+0.034%$226.5M$102.5M75xas long as short
BingX HYPE-USDT+0.0100%4h93.500+0.018%—$54.1M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.516+0.035%$7.8M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.574+0.098%$31.2M$54.0M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.619+0.146%$7.6M$45.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.646+0.174%$346K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.611+0.137%$677K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.545+0.066%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.528+0.048%$490K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.474−0.010%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h93.545+0.066%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.4830.000%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.992%$31K$338K12xas long as short
Extended HYPE-USDshort+0.0104%1h93.481−0.002%$18.3M$42.8M50x
Kalshi KXHYPEPERP+0.0132%8h93.577+0.101%$1.9M$5.0M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.560+0.082%$4.9M$5.6M50xas long as short
Hyperliquid HYPE+0.0165%1h93.491+0.009%$2.03B$676.9M10xas long as short
BloFin HYPE-USDT+0.0208%4h93.521+0.041%$17.1M$12.6M75xas long as short
HTX HYPE-USDT+0.0210%4h93.688+0.219%$1.5M$7.8M75xas long as short
Reya HYPERUSDPERP+0.0249%1h93.509+0.028%$77K$142K15xas long as short
RISEx HYPE/USDC+0.0284%1h93.547+0.068%$2.8M$6.9M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0337% / S −0.0163%1h93.520+0.040%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0359%1h93.585+0.109%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0580%1h93.584+0.108%$20.9M$29.5M50xas long as short