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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0101%/8h= −11.1% APRnext payment $0.13 per $10,000 · paid last 24h −0.031%
Price spread now: gTrade (Gains Network) against Extended+0.044%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
The price spread pays, funding is against you. gTrade (Gains Network) is 0.044% dearer against Extended than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 34 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended HYPE-USD93.1060.0104pay 0.0013% / 1h54m 05s$18.3M$43.5M50x
ShortgTrade (Gains Network) HYPE/USD93.147L +0.0002% / S −0.0003%get 0.0000% / 1h54m 05s$25K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$21.31
Price spread: +0.044% → 0.000%
$4.35
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$31.95
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 5 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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 −$36.1 bp −$6125.7 bp −$2,568doesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

HYPE on 54 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−0.1144%1h93.108+0.001%$196K$226K7xas long as short
Arcus HYPE-USD−0.0899%1h92.973−0.143%$1.2M$3.8M10xas long as short
Bluefin HYPE-PERP−0.0295%1h93.150+0.047%$79K$170K20xas long as short
ApeX Omni HYPEUSDT−0.0172%1h93.008−0.106%$336K$1.0M50xas long as short
01 Exchange HYPEUSD−0.0080%1h93.092−0.015%$84K$346K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.079−0.029%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0051%4h93.167+0.065%$156K$639K20xas long as short
Ondo Perps HYPE-USD.P−0.0018%1h93.000−0.114%$696K$906K10xas long as short
Phemex HYPEUSDT−0.0014%8h93.165+0.063%$12.6M$2.7M50xas long as short
Aster HYPEUSDT−0.0009%4h93.134+0.030%$8.8M$35.4M300xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX HYPE-USD0.0000%1h93.063−0.046%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.112+0.006%$22K$321K10xas long as short
gTrade (Gains Network) HYPE/USDshortL +0.0002% / S −0.0003%1h93.147+0.044%$25K150x
Bullet HYPE-USD+0.0008%1h93.119+0.014%$111K$578K20xas long as short
BingX HYPE-USDT+0.0008%4h93.141+0.037%$53.2Mas long as short
Aftermath Perps HYPEUSD+0.0014%1h93.181+0.080%$22K$21K10xas long as short
Bybit HYPEUSDT+0.0017%8h93.121+0.016%$320.6M$275.4M75xas long as short
Gate HYPE_USDT+0.0028%4h93.134+0.030%$44.4M$54.2M75xas long as short
Phoenix HYPE+0.0060%1h93.056−0.054%$210K$1.2M10xas long as short
MEXC HYPE_USDT+0.0076%4h93.178+0.077%$87.6M$79.9M100xas long as short
OKX HYPE-USDT-SWAP+0.0077%8h93.129+0.024%$114.4M$300.3M50xas long as short
Binance HYPEUSDT+0.0078%4h93.154+0.051%$378.8M$872.7M75xas long as short
edgeX HYPEUSDC+0.0091%4h92.963−0.154%$5.0M$29.7M30xas long as short
Lighter HYPE+0.0096%1h93.195+0.095%$16.3M$61.3M20xas long as short
Lighter RH HYPE+0.0096%1h93.162+0.060%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.091−0.017%$68K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.117+0.011%$338K$162K20xas long as short
Derive HYPE-PERP+0.0099%1h93.140+0.036%$16.2M$7.6M10xas long as short
Katana Perps HYPE-USD+0.0100%8h93.060−0.050%$38K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.088−0.019%$5.7M$43.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.205+0.106%$2.04B$652.7M10xas long as short
Pacifica HYPE+0.0100%1h93.093−0.015%$10.0M$14.6M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.165+0.063%$46.0M$18.0M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.134+0.030%$225.4M$96.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.112+0.006%$7.3M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.170+0.068%$31.0M$54.3Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.978−0.138%$7.5M$46.3M10xas long as short
StandX HYPE-USD+0.0100%1h93.240+0.144%$665K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.124+0.019%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.108+0.002%$473K$2.4M20xas long as short
SunX HYPE-USDT+0.0100%4h93.191+0.091%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.181+0.080%$2.0M$1.9M10xas long as short
Bulk HYPE-USD+0.0100%1h92.998−0.117%$202K$10K10xas long as short
Extended HYPE-USDlong+0.0104%1h93.106long leg$18.3M$43.5M50x
Aevo HYPE-PERP+0.0104%1h93.177+0.076%$396K$170K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.070−0.039%$4.9M$5.4M50xas long as short
HTX HYPE-USDT+0.0215%4h93.300+0.208%$1.4M$5.9M75xas long as short
Reya HYPERUSDPERP+0.0257%1h93.086−0.022%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0273%8h93.140+0.036%$1.9M$4.8M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h93.121+0.015%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0437%1h93.264+0.169%$7.4M$4.4M50xas long as short
RISEx HYPE/USDC+0.0510%1h93.189+0.089%$3.2M$6.7M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h92.930−0.189%$30K$338K12xas long as short
Kraken Futures PF_HYPEUSD+0.0686%1h93.247+0.151%$20.7M$29.9M50xas long as short