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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.12 per $10,000 · paid last 24h +0.028%
Price spread now: StandX against gTrade (Gains Network)+0.064%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 airdropStandX: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and StandX is 0.064% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$6 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/USD93.742L +0.0002% / S −0.0003%pay 0.0000% / 1h15m 18s$26K150x
ShortStandX HYPE-USD93.8020.0100get 0.0013% / 1h15m 18s$669K$2.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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
$20.52
Price spread: +0.064% → 0.000%
$6.36
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee StandX: 4 bp × 2 orders
−$8
Net
$8.88
Costs to cover
0.180%
Break-even
4.0 days
Slippage unknown: gTrade (Gains Network): no order-book sample; StandX: live order book, 4 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 StandX live order book, 4 min ago2.72 bp6.7 bp −$76.7 bp −$6715.1 bp −$1,511doesn'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 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−0.1056%1h93.599−0.153%$197K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.612−0.139%$1.2M$3.8M10xas long as short
Phemex HYPEUSDT−0.0124%8h93.726−0.017%$12.7M$2.7M50xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.733−0.010%$3K$33125xas long as short
Aftermath Perps HYPEUSD−0.0076%1h93.771+0.031%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0071%1h93.650−0.099%$701K$921K10xas long as short
Orderly PERP_HYPE_USDC−0.0057%4h93.694−0.052%$156K$646K20xas long as short
01 Exchange HYPEUSD−0.0048%1h93.708−0.037%$85K$349K20xas long as short
Backpack HYPE_USDC_PERP−0.0028%1h93.714−0.030%$7.7M$10.3M20xas long as short
Gate HYPE_USDT−0.0008%4h93.716−0.028%$44.4M$55.2M75xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0002%4h93.742−0.001%$8.9M$35.8M300xas long as short
dYdX HYPE-USD0.0000%1h93.751+0.009%$129K$31K5xas long as short
Perpl HYPE0.0000%43m93.707−0.038%$22K$325K10xas long as short
BingX HYPE-USDT+0.0002%4h93.722−0.022%$53.6Mas long as short
gTrade (Gains Network) HYPE/USDlongL +0.0002% / S −0.0003%1h93.742long leg$26K150x
Bybit HYPEUSDT+0.0010%8h93.710−0.035%$321.7M$279.9M75xas long as short
Phoenix HYPE+0.0060%1h93.766+0.025%$213K$1.2M10xas long as short
MEXC HYPE_USDT+0.0068%4h93.721−0.023%$89.0M$83.3M100xas long as short
Binance HYPEUSDT+0.0070%4h93.722−0.022%$381.5M$889.2M75xas long as short
OKX HYPE-USDT-SWAP+0.0071%8h93.730−0.013%$115.3M$307.6M50xas long as short
Bullet HYPE-USD+0.0071%1h93.722−0.022%$111K$577K20xas long as short
edgeX HYPEUSDC+0.0085%4h93.690−0.056%$5.1M$30.0M30xas long as short
Lighter HYPE+0.0096%1h93.755+0.014%$16.4M$62.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.737−0.006%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.692−0.054%$67K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.717−0.027%$399K$175K20xas long as short
Paradex HYPE-USD-PERP+0.0096%8h93.846+0.110%$341K$164K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.710−0.035%$21K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.724−0.020%$5.7M$44.7M10xas long as short
Hyperliquid HYPE+0.0100%1h93.819+0.082%$2.05B$666.2M10xas long as short
Pacifica HYPE+0.0100%1h93.750+0.008%$10.1M$14.7M20xas long as short
Bulk HYPE-USD+0.0100%1h93.760+0.019%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.741−0.001%$46.4M$18.0M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.726−0.017%$227.0M$98.2M75xas long as short
Variational Omni HYPE+0.0100%8h93.718−0.026%$31.2M$54.7Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.737−0.006%$7.6M$47.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.706−0.039%$339K$1.0M50xas long as short
StandX HYPE-USDshort+0.0100%1h93.802+0.064%$669K$2.6M20x
Vest HYPE-PERP+0.0100%1h93.769+0.028%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.758+0.017%$476K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.692−0.054%$79K$170K20xas long as short
Derive HYPE-PERP+0.0100%1h93.699−0.046%$16.3M$7.7M10xas long as short
SunX HYPE-USDT+0.0100%4h93.825+0.088%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.722−0.022%$2.0M$1.9M10xas long as short
Extended HYPE-USD+0.0104%1h93.702−0.044%$18.3M$44.0M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.800+0.061%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.670−0.077%$30K$339K12xas long as short
HTX HYPE-USDT+0.0191%4h93.900+0.168%$1.4M$5.9M75xas long as short
RISEx HYPE/USDC+0.0210%1h93.794+0.056%$3.2M$7.0M20xas long as short
Reya HYPERUSDPERP+0.0255%1h93.724−0.020%$80K$140K15xas long as short
Kalshi KXHYPEPERP+0.0280%8h93.796+0.057%$1.9M$4.9M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0156%1h93.745+0.003%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0358%1h93.816+0.079%$7.4M$4.4M50xas long as short
Kraken Futures PF_HYPEUSD+0.0680%1h93.817+0.080%$21.0M$29.8M50xas long as short