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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%
Price spread now: edgeX against Extended+0.099%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$5as in the Price arb table
costs, in and out, $10k−$150.149% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.019%−$2 on $10k
Price spread, last 7 days−0.124%−$12 · spread now +0.099%, 7d avg −0.004%
Together, before fees−0.142%+ Points / potential airdropExtended: Active · edgeX: Active · farm board−$14 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: edgeX is 0.103% dearer against Extended than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended HYPE-USD93.1120.0104pay 0.0013% / 1h9m 06s$18.3M$42.8M50x
ShortedgeX HYPEUSDC93.2050.0104get 0.0052% / 4h1h 09m$5.0M$28.9M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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
$0.09
Price spread: +0.099% → −0.004%
$10.3
Slippage, 4 orders
−$0.88
Fee Extended: 2.5 bp × 2 orders
−$5
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$4.49
Costs to cover
0.149%
Break-even
363.6 days
Slippage from Extended: live order book, 5 min ago; edgeX: 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 Extended live order book, 5 min ago0.05 bp2.6 bp −$34.6 bp −$4623.4 bp −$2,335doesn't fit
Sell edgeX live order book, 5 min ago0.32 bp4.8 bp −$55.0 bp −$50128.5 bp −$12.8Kdoesn'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−0.0976%1h93.211+0.106%$197K$226K7xas long as short
Arcus HYPE-USD−0.0899%1h93.011−0.109%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0132%1h93.090−0.024%$698K$1.0M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.163+0.054%$3K$33125xas long as short
Aftermath Perps HYPEUSD−0.0077%1h93.219+0.115%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0056%1h93.151+0.042%$85K$345K20xas long as short
Orderly PERP_HYPE_USDC−0.0048%4h93.121+0.009%$155K$654K20xas long as short
dYdX HYPE-USD0.0000%1h93.226+0.122%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.155+0.046%$23K$316K10xas long as short
Phemex HYPEUSDT+0.0001%8h93.163+0.054%$12.6M$2.7M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.164+0.055%$62K150xas long as short
Bullet HYPE-USD+0.0005%1h93.137+0.027%$111K$579K20xas long as short
Aster HYPEUSDT+0.0022%4h93.158+0.049%$8.8M$35.9M300xas long as short
Phoenix HYPE+0.0026%1h93.210+0.105%$213K$1.2M10xas long as short
BingX HYPE-USDT+0.0036%4h93.125+0.014%$53.0Mas long as short
Gate HYPE_USDT+0.0046%4h93.132+0.021%$44.5M$55.6M75xas long as short
Bybit HYPEUSDT+0.0047%8h93.110−0.002%$320.3M$276.9M75xas long as short
OKX HYPE-USDT-SWAP+0.0074%8h93.110−0.002%$113.6M$298.9M50xas long as short
Derive HYPE-PERP+0.0086%1h93.110−0.002%$16.2M$7.5M10xas long as short
Lighter HYPE+0.0096%1h93.137+0.026%$16.2M$62.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.130+0.019%$3.1M$11.7M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.138+0.028%$67K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0096%8h93.153+0.044%$339K$162K20xas long as short
MEXC HYPE_USDT+0.0098%4h93.123+0.012%$89.4M$81.2M100xas long as short
Katana Perps HYPE-USD+0.0100%8h93.120+0.008%$24K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.125+0.014%$5.8M$43.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.174+0.066%$2.03B$653.5M10xas long as short
Pacifica HYPE+0.0100%1h93.160+0.051%$10.0M$14.8M20xas long as short
Binance HYPEUSDT+0.0100%4h93.105−0.008%$376.5M$880.2M75xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.135+0.024%$45.8M$18.2M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.125+0.014%$225.2M$96.4M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.139+0.029%$7.3M$10.1M20xas long as short
Variational Omni HYPE+0.0100%8h93.197+0.091%$31.4M$53.7Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.289+0.189%$7.5M$46.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.125+0.014%$338K$998K50xas long as short
StandX HYPE-USD+0.0100%1h93.310+0.212%$667K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h93.201+0.095%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.158+0.049%$472K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.095−0.019%$79K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.168+0.060%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.137+0.027%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.155+0.046%$203K$10K10xas long as short
Extended HYPE-USDlong+0.0104%1h93.112long leg$18.3M$42.8M50x
Aevo HYPE-PERP+0.0104%1h93.109−0.003%$396K$162K20xas long as short
edgeX HYPEUSDCshort+0.0104%4h93.205+0.099%$5.0M$28.9M30x
HTX HYPE-USDT+0.0128%4h93.262+0.161%$1.4M$6.0M75xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.200+0.094%$4.8M$5.5M50xas long as short
Reya HYPERUSDPERP+0.0259%1h93.106−0.007%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0271%8h93.193+0.087%$1.9M$5.2M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0330% / S −0.0156%1h93.159+0.051%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.118+0.006%$16.9M$11.5M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0415%1h93.233+0.130%$7.4M$4.3M50xas long as short
RISEx HYPE/USDC+0.0510%1h93.209+0.104%$3.2M$6.3M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.390+0.298%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0687%1h93.188+0.081%$20.7M$29.8M50xas long as short