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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0338%/8h= +37.0% APRpaid last 24h +0.087%
Price spread now: BloFin against gTrade (Gains Network)−0.009%50s7-day average · you buy dearer than you sell
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 feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$10 a day on $10k at the current rate. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) HYPE/USD93.580L +0.0002% / S −0.0001%pay 0.0000% / 1h27m 20s$83K150x
ShortBloFin HYPE-USDT93.5720.0340get 0.0170% / 4h1h 27m$16.9M$12.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against gTrade (Gains Network). 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
$71
Price spread: −0.009% → 0.000%
−$0.85
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
$48.14
Costs to cover
0.220%
Break-even
2.3 days
Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 7 min ago. 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 gTrade (Gains Network) no order-book sample
Sell BloFin live order book, 7 min ago0.05 bp7.3 bp −$710.0 bp −$10017.5 bp −$1,746doesn't fit
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 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−0.0992%1h93.495−0.091%$198K$238K7xas long as short
Aftermath Perps HYPEUSD−0.0189%1h93.552−0.030%$22K$21K10xas long as short
BingX HYPE-USDT−0.0100%4h93.656+0.081%$53.5Mas long as short
Hotstuff HYPE-PERP−0.0080%1h93.616+0.038%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0079%1h93.520−0.064%$703K$1.2M10xas long as short
Bullet HYPE-USD−0.0070%1h93.656+0.081%$111K$579K20xas long as short
01 Exchange HYPEUSD−0.0040%1h93.704+0.133%$86K$368K20xas long as short
Orderly PERP_HYPE_USDC−0.0018%4h93.634+0.058%$145K$683K20xas long as short
Bluefin HYPE-PERP−0.0003%1h93.644+0.068%$79K$155K20xas long as short
dYdX HYPE-USD0.0000%1h93.682+0.109%$128K$26K5xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit HYPEUSDT0.0000%8h93.640+0.064%$316.0M$287.3M75xas long as short
Perpl HYPE0.0000%43m93.667+0.093%$20K$290K10xas long as short
gTrade (Gains Network) HYPE/USDlongL +0.0002% / S −0.0001%1h93.580long leg$83K150x
Derive HYPE-PERP+0.0007%1h93.302−0.297%$16.2M$7.5M10xas long as short
Phoenix HYPE+0.0017%1h93.623+0.046%$208K$1.1M10xas long as short
Bitget HYPEUSDT+0.0048%4h93.671+0.097%$225.7M$99.4M75xas long as short
Paradex HYPE-USD-PERP+0.0077%8h93.687+0.114%$335K$161K20xas long as short
Arcus HYPE-USD+0.0084%1h93.632+0.056%$1.0M$4.0M10xas long as short
Phemex HYPEUSDT+0.0093%8h93.566−0.015%$12.8M$2.8M50xas long as short
edgeX HYPEUSDC+0.0093%4h93.551−0.031%$5.0M$30.5M30xas long as short
Lighter HYPE+0.0096%1h93.651+0.076%$16.1M$64.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.667+0.093%$3.2M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.667+0.093%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.620+0.043%$21K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.643+0.067%$7.5M$50.6M10xas long as short
Hyperliquid HYPE+0.0100%1h93.745+0.176%$2.05B$682.5M10xas long as short
Aster HYPEUSDT+0.0100%4h93.665+0.091%$8.8M$36.9M300xas long as short
Pacifica HYPE+0.0100%1h93.681+0.108%$10.1M$15.5M20xas long as short
Binance HYPEUSDT+0.0100%4h93.673+0.099%$374.8M$928.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.636+0.060%$115.6M$314.6M50xas long as short
Gate HYPE_USDT+0.0100%4h93.653+0.078%$48.7M$55.4M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.656+0.081%$90.3M$84.3M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.666+0.092%$46.4M$18.7M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.593+0.014%$7.2M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.449−0.140%$28.7M$56.3Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.492−0.094%$7.5M$48.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.566−0.015%$354K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.579−0.001%$678K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h93.700+0.128%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.672+0.098%$470K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.725+0.155%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.666+0.092%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.691+0.119%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.438−0.151%$216K$15K10xas long as short
Extended HYPE-USD+0.0104%1h93.635+0.059%$18.2M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.670+0.096%$396K$159K20xas long as short
Kalshi KXHYPEPERP+0.0105%8h93.630+0.053%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.660+0.085%$4.7M$6.1M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0151% / S +0.0022%1h93.597+0.018%$1.4M100xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.540−0.043%$30K$339K12xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0230%1h93.754+0.186%$7.4M$4.2M50xas long as short
Reya HYPERUSDPERP+0.0271%1h93.535−0.048%$77K$129K15xas long as short
BloFin HYPE-USDTshort+0.0340%4h93.572−0.009%$16.9M$12.2M75x
Kraken Futures PF_HYPEUSD+0.0415%1h93.742+0.173%$20.9M$29.5M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.700+0.128%$3.2M$6.3M20xas long as short