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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0118%/8h= +12.9% APRnext payment +$0.15 per $10,000 · paid last 24h +0.029%
Price spread now: Coinbase International against gTrade (Gains Network)+0.024%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 feesneeds both histories
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.024% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) HYPE/USD93.657L +0.0002% / S −0.0002%pay 0.0000% / 1h48m 20s$63K150x
ShortCoinbase International HYPE-PERP-INTX93.6800.0120get 0.0015% / 1h48m 20s$4.7M$6.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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
$24.72
Price spread: +0.024% → 0.000%
$2.4
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$7.12
Costs to cover
0.200%
Break-even
5.0 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Coinbase International: live order book, 6 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 Coinbase International live order book, 6 min ago2.66 bp8.7 bp −$914.8 bp −$14834.5 bp −$3,448doesn'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−0.1136%1h93.719+0.066%$199K$242K7xas long as short
Aftermath Perps HYPEUSD−0.0243%1h93.808+0.160%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0133%1h93.610−0.051%$706K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.589−0.073%$3K$33125xas long as short
Bullet HYPE-USD−0.0065%1h93.618−0.043%$111K$580K20xas long as short
01 Exchange HYPEUSD−0.0064%1h93.618−0.042%$86K$371K20xas long as short
Bluefin HYPE-PERP−0.0035%1h93.612−0.049%$79K$156K20xas long as short
Orderly PERP_HYPE_USDC−0.0020%4h93.610−0.051%$145K$685K20xas long as short
dYdX HYPE-USD0.0000%1h93.622−0.038%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.624−0.035%$21K$287K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDlongL +0.0002% / S −0.0002%1h93.657long leg$63K150x
Bybit HYPEUSDT+0.0010%8h93.610−0.051%$316.2M$288.0M75xas long as short
BingX HYPE-USDT+0.0010%4h93.625−0.035%$53.7Mas long as short
Phoenix HYPE+0.0017%1h93.780+0.131%$210K$1.1M10xas long as short
Bitget HYPEUSDT+0.0040%4h93.626−0.034%$225.5M$99.6M75xas long as short
ApeX Omni HYPEUSDT+0.0074%1h93.801+0.153%$348K$1.0M50xas long as short
Phemex HYPEUSDT+0.0074%8h93.656−0.002%$12.8M$2.8M50xas long as short
Paradex HYPE-USD-PERP+0.0083%8h93.647−0.011%$335K$161K20xas long as short
Arcus HYPE-USD+0.0084%1h93.590−0.072%$1.0M$4.0M10xas long as short
edgeX HYPEUSDC+0.0091%4h93.758+0.107%$5.0M$30.5M30xas long as short
Derive HYPE-PERP+0.0092%1h93.587−0.076%$16.3M$7.4M10xas long as short
Lighter HYPE+0.0096%1h93.631−0.028%$16.1M$63.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.618−0.042%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.598−0.064%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.600−0.061%$23K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.606−0.056%$7.4M$50.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.707+0.053%$2.05B$682.6M10xas long as short
Aster HYPEUSDT+0.0100%4h93.636−0.023%$8.9M$37.4M300xas long as short
Pacifica HYPE+0.0100%1h93.670+0.014%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.633−0.026%$375.2M$931.1M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.624−0.036%$115.7M$316.1M50xas long as short
Gate HYPE_USDT+0.0100%4h93.624−0.036%$48.4M$55.0M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.611−0.050%$88.8M$83.3M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.660+0.003%$46.3M$18.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.611−0.050%$7.2M$10.8M20xas long as short
Variational Omni HYPE+0.0100%8h93.670+0.013%$28.6M$56.1Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.726+0.073%$7.6M$48.1M10xas long as short
StandX HYPE-USD+0.0100%1h93.679+0.023%$679K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.685+0.030%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.633−0.026%$470K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.681+0.025%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.632−0.027%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.799+0.151%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.731+0.079%$216K$15K10xas long as short
Extended HYPE-USD+0.0104%1h93.596−0.065%$18.2M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.622−0.038%$396K$159K20xas long as short
Kalshi KXHYPEPERP+0.0106%8h93.653−0.005%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTXshort+0.0120%1h93.680+0.024%$4.7M$6.1M50x
Injective HYPE/USDC PERP+0.0205%1h93.670+0.013%$30K$339K12xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0262%1h93.715+0.061%$7.4M$4.2M50xas long as short
Reya HYPERUSDPERP+0.0271%1h93.602−0.059%$77K$130K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h93.664+0.007%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.600−0.061%$17.0M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0415%1h93.702+0.047%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.644−0.014%$3.2M$6.4M20xas long as short