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+0.0090%/8h= +9.9% APRpaid last 24h −0.016%
Price spread now: Coinbase International against edgeX−0.104%77s7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$290.290% of the position
Long on edgeXShort on Coinbase International
What this pair did over the last
the charts below follow
Funding, last 7 days−0.104%−$10 on $10k
Price spread, last 3 days (all we have)+0.146%+$15 · spread now −0.104%, 7d avg −0.023%
Together, before fees+0.042%+ Points / potential airdropedgeX: Active · farm board+$4 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.081% cheaper against edgeX than usual: you would sell low and buy high (spread −0.104% now, against its 7-day average of −0.023%). If the spread goes back, that is −$8 on $10k: about 3.0 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.104%, so the current rate has only just turned in your favour. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX HYPEUSDC93.9880.0054pay 0.0027% / 4h3h 55m$5.1M$29.7M30x
ShortCoinbase International HYPE-PERP-INTX93.8900.0144get 0.0018% / 1h55m 45s$4.9M$5.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against edgeX. 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
$18.94
Price spread: −0.104% → −0.023%
−$8.06
Slippage, 4 orders
−$9.97
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$18.09
Costs to cover
0.290%
Break-even
13.7 days
Slippage from edgeX: live order book, 3 min ago; Coinbase International: live order book, 3 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 edgeX live order book, 3 min ago0.32 bp4.8 bp −$55.0 bp −$50140.5 bp −$14.1Kdoesn't fit
Sell Coinbase International live order book, 3 min ago3.72 bp9.5 bp −$1013.4 bp −$13435.8 bp −$3,577doesn'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−0.1432%1h93.897−0.097%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.706−0.300%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0322%1h93.973−0.016%$22K$22K10xas long as short
dYdX HYPE-USD−0.0179%1h93.914−0.079%$128K$30K5xas long as short
Ondo Perps HYPE-USD.P−0.0125%1h93.770−0.232%$705K$925K10xas long as short
Bybit HYPEUSDT−0.0123%8h93.790−0.210%$322.7M$283.5M75xas long as short
01 Exchange HYPEUSD−0.0120%1h93.843−0.154%$86K$365K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.868−0.127%$3K$33125xas long as short
Bullet HYPE-USD−0.0075%1h93.825−0.174%$112K$579K20xas long as short
Gate HYPE_USDT−0.0062%4h93.830−0.168%$44.6M$58.8M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Derive HYPE-PERP−0.0013%1h93.778−0.223%$16.4M$7.2M10xas long as short
Orderly PERP_HYPE_USDC−0.0008%4h93.829−0.169%$169K$594K20xas long as short
Perpl HYPE0.0000%43m93.879−0.116%$23K$329K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.860−0.136%$27K—150xas long as short
Phoenix HYPE+0.0009%1h94.114+0.134%$218K$1.2M10xas long as short
Aster HYPEUSDT+0.0011%4h93.813−0.186%$8.9M$36.1M300xas long as short
Binance HYPEUSDT+0.0039%4h93.836−0.162%$383.3M$898.1M75xas long as short
Popdex HYPEUSDT+0.0040%1h93.835−0.163%$60K$1.2M50xas long as short
MEXC HYPE_USDT+0.0042%4h93.830−0.168%$88.0M$81.8M100xas long as short
edgeX HYPEUSDClong+0.0054%4h93.988long leg$5.1M$29.7M30x
OKX HYPE-USDT-SWAP+0.0086%8h93.805−0.195%$115.8M$321.5M50xas long as short
Lighter HYPE+0.0096%1h93.868−0.128%$18.8M$58.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.851−0.146%$3.1M$12.0M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.904−0.089%$399K$268K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.860−0.136%$341K$171K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.860−0.136%$42K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.835−0.162%$6.6M$44.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.930−0.062%$2.04B$680.9M10xas long as short
Pacifica HYPE+0.0100%1h93.843−0.154%$10.1M$14.6M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.830−0.168%$46.5M$18.5M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.802−0.198%$227.2M$101.9M75xas long as short
BingX HYPE-USDT+0.0100%4h93.822−0.176%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.879−0.116%$7.7M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.832−0.165%$31.2M$54.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.052+0.068%$7.6M$45.4M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.033+0.048%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.964−0.025%$679K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.895−0.099%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.872−0.123%$471K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.828−0.170%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h93.903−0.090%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.850−0.147%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.890−0.104%$12.8M$2.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.944−0.047%$205K$6K10xas long as short
Extended HYPE-USD+0.0104%1h93.842−0.156%$18.4M$42.6M50xas long as short
Coinbase International HYPE-PERP-INTXshort+0.0144%1h93.890−0.104%$4.9M$5.7M50x
Kalshi KXHYPEPERP+0.0163%8h93.929−0.063%$1.9M$5.1M2.3xas long as short
BloFin HYPE-USDT+0.0175%4h93.897−0.097%$17.0M$12.5M75xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.150+0.173%$31K$338K12xas long as short
RISEx HYPE/USDC+0.0222%1h93.889−0.105%$2.8M$6.9M20xas long as short
Reya HYPERUSDPERP+0.0250%1h93.820−0.178%$78K$143K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0251%1h93.948−0.042%$7.5M$4.7M50xas long as short
HTX HYPE-USDT+0.0310%4h94.050+0.066%$1.5M$7.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0157%1h93.862−0.134%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0672%1h93.955−0.035%$21.0M$29.5M50xas long as short