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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0162%/8h= +17.7% APRnext payment +$0.20 per $10,000 · paid last 24h +0.032%
Price spread now: Reya against Extended+0.032%7-day average +0.030% · 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)0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.265%+$27 · spread now +0.032%, 7d avg +0.030%
Together, before fees+0.265%+ Points / potential airdropExtended: Active · Reya: Active · farm board+$26 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended HYPE-USD92.8430.0104pay 0.0013% / 1h21m 22s$18.0M$43.6M50x
ShortReya HYPERUSDPERP92.8730.0266get 0.0033% / 1h21m 22s$79K$131K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
$33.95
Price spread: +0.032% → +0.030%
$0.2
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Reya: 3 bp × 2 orders
−$6
Net
$23.15
Costs to cover
0.110%
Break-even
2.2 days
Slippage unknown: Extended: live order book, 3 min ago; Reya: 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, 3 min ago0.54 bp3.0 bp −$33.6 bp −$3622.5 bp −$2,253doesn't fit
Sell Reya no order-book sample
Reya: 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 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−0.1712%1h92.605−0.257%$193K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0292%1h92.729−0.123%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h92.841−0.002%$1.1M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.866+0.025%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0058%4h92.851+0.009%$145K$681K20xas long as short
Bullet HYPE-USD−0.0002%1h92.854+0.012%$112K$577K20xas long as short
dYdX HYPE-USD0.0000%1h92.850+0.007%$127K$29K5xas long as short
Perpl HYPE0.0000%43m92.870+0.029%$22K$293K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.894+0.055%$62K150xas long as short
Ondo Perps HYPE-USD.P+0.0018%1h92.830−0.014%$697K$1.1M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange HYPEUSD+0.0024%1h92.908+0.070%$87K$364K20xas long as short
Phoenix HYPE+0.0026%1h92.921+0.084%$208K$1.2M10xas long as short
Bybit HYPEUSDT+0.0032%8h92.866+0.025%$315.9M$283.3M75xas long as short
Popdex HYPEUSDT+0.0040%1h92.890+0.051%$81K$1.1M50xas long as short
Bitget HYPEUSDT+0.0044%4h92.880+0.040%$224.8M$99.0M75xas long as short
Phemex HYPEUSDT+0.0049%8h92.862+0.021%$12.5M$2.7M50xas long as short
Gate HYPE_USDT+0.0092%4h92.873+0.032%$45.1M$54.5M75xas long as short
Lighter HYPE+0.0096%1h92.820−0.025%$16.0M$62.7M20xas long as short
Lighter RH HYPE+0.0096%1h92.800−0.046%$3.1M$11.6M20xas long as short
edgeX HYPEUSDC+0.0098%4h92.694−0.161%$4.9M$29.6M30xas long as short
Paradex HYPE-USD-PERP+0.0099%8h92.874+0.033%$339K$163K20xas long as short
Katana Perps HYPE-USD+0.0099%8h92.870+0.029%$34K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h92.805−0.041%$7.4M$46.1M10xas long as short
Hyperliquid HYPE+0.0100%1h92.906+0.068%$2.02B$666.6M10xas long as short
Aster HYPEUSDT+0.0100%4h92.852+0.010%$8.7M$36.2M300xas long as short
Pacifica HYPE+0.0100%1h92.854+0.012%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h92.874+0.033%$373.5M$906.5M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h92.863+0.022%$114.1M$303.9M50xas long as short
Bulk HYPE-USD+0.0100%1h92.709−0.145%$202K$13K10xas long as short
MEXC HYPE_USDT+0.0100%4h92.895+0.056%$91.3M$81.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.873+0.032%$46.1M$18.4M75xas long as short
BingX HYPE-USDT+0.0100%4h92.871+0.030%$53.9Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.693−0.162%$7.2M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h92.768−0.081%$28.5M$57.3Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.808−0.038%$7.5M$46.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.725−0.127%$340K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h92.765−0.084%$667K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h92.877+0.036%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.908+0.070%$487K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.892+0.053%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h92.858+0.016%$16.0M$7.6M10xas long as short
SunX HYPE-USDT+0.0100%4h92.903+0.065%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.874+0.033%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h92.995+0.164%$1.4M$6.3M75xas long as short
Extended HYPE-USDlong+0.0104%1h92.843long leg$18.0M$43.6M50x
Aevo HYPE-PERP+0.0104%1h92.861+0.020%$393K$164K20xas long as short
Kalshi KXHYPEPERP+0.0132%8h92.718−0.135%$1.8M$5.4M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h92.900+0.061%$4.7M$5.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0197%1h92.956+0.122%$20.7M$29.6M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h93.150+0.331%$30K$339K12xas long as short
Reya HYPERUSDPERPshort+0.0266%1h92.873+0.032%$79K$131K15x
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h92.893+0.054%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h92.682−0.173%$16.7M$11.6M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0450%1h92.967+0.134%$7.5M$4.5M50xas long as short
RISEx HYPE/USDC+0.0598%1h92.924+0.087%$3.2M$6.4M20xas long as short