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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.031%
Price spread now: StandX against Gate−0.065%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$320.317% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.091%+$9 on $10k
Price spread, last 7 days+0.056%+$6 · spread now −0.065%, 7d avg +0.015%
Together, before fees+0.147%+ Points / potential airdropStandX: Active · farm board+$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. StandX is 0.079% cheaper against Gate than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of +0.015%). If the spread goes back, that is −$8 on $10k: about 19 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.091% in total) that is about 6.1 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate HYPE_USDT92.7510.0086pay 0.0043% / 4h22m 22s$44.5M$55.2M75x
ShortStandX HYPE-USD92.6910.0100get 0.0013% / 1h22m 22s$665K$2.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX against Gate. 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
$2.94
Price spread: −0.065% → +0.015%
−$7.93
Slippage, 4 orders
−$8.72
Fee Gate: 7.5 bp × 2 orders
−$15
Fee StandX: 4 bp × 2 orders
−$8
Net
−$36.71
Costs to cover
0.317%
Break-even
94.4 days
Slippage from Gate: live order book, 2 min ago; StandX: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 2 min ago0.05 bp10.5 bp −$1116.3 bp −$16330.3 bp −$3,02952.5 bp −$26.3K
Sell StandX live order book, 1 min ago1.35 bp5.3 bp −$55.6 bp −$5612.5 bp −$1,251doesn't fit

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
Arcus HYPE-USD−0.0948%1h92.682−0.074%$1.1M$3.9M10xas long as short
Hibachi HYPE/USDT-P−0.0248%1h92.684−0.072%$194K$229K7xas long as short
Aftermath Perps HYPEUSD−0.0226%1h92.649−0.110%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.679−0.078%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0064%4h92.641−0.119%$157K$666K20xas long as short
01 Exchange HYPEUSD−0.0024%1h92.787+0.039%$87K$359K20xas long as short
dYdX HYPE-USD0.0000%1h92.770+0.021%$127K$31K5xas long as short
Perpl HYPE0.0000%43m92.736−0.016%$22K$304K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.757+0.006%$62K150xas long as short
Phemex HYPEUSDT+0.0021%8h92.666−0.092%$12.5M$2.7M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet HYPE-USD+0.0027%1h92.725−0.028%$111K$579K20xas long as short
Ondo Perps HYPE-USD.P+0.0033%1h92.640−0.120%$697K$1.1M10xas long as short
Aster HYPEUSDT+0.0036%4h92.728−0.025%$8.7M$36.3M300xas long as short
BingX HYPE-USDT+0.0040%4h92.739−0.013%$53.4Mas long as short
Phoenix HYPE+0.0043%1h92.652−0.107%$210K$1.2M10xas long as short
Bybit HYPEUSDT+0.0050%8h92.710−0.044%$316.6M$281.9M75xas long as short
Gate HYPE_USDTlong+0.0086%4h92.751long leg$44.5M$55.2M75x
OKX HYPE-USDT-SWAP+0.0086%8h92.754+0.003%$113.6M$304.3M50xas long as short
Paradex HYPE-USD-PERP+0.0093%8h92.762+0.012%$339K$163K20xas long as short
Lighter HYPE+0.0096%1h92.720−0.034%$16.0M$62.6M20xas long as short
Lighter RH HYPE+0.0096%1h92.725−0.028%$3.1M$11.7M20xas long as short
Popdex HYPEUSDT+0.0096%1h92.762+0.012%$69K$1.1M50xas long as short
Katana Perps HYPE-USD+0.0099%8h92.710−0.044%$38K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h92.715−0.039%$6.8M$45.1M10xas long as short
Hyperliquid HYPE+0.0100%1h92.769+0.020%$2.02B$662.9M10xas long as short
Pacifica HYPE+0.0100%1h92.772+0.022%$10.0M$15.1M20xas long as short
Binance HYPEUSDT+0.0100%4h92.738−0.014%$372.4M$904.2M75xas long as short
MEXC HYPE_USDT+0.0100%4h92.744−0.008%$87.5M$80.8M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.756+0.005%$46.0M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h92.757+0.006%$224.5M$98.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.659−0.099%$7.3M$11.1M20xas long as short
Variational Omni HYPE+0.0100%8h92.628−0.133%$28.5M$57.5Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.667−0.091%$7.5M$46.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.679−0.078%$350K$1.0M50xas long as short
StandX HYPE-USDshort+0.0100%1h92.691−0.065%$665K$2.7M20x
Vest HYPE-PERP+0.0100%1h92.773+0.024%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.752+0.001%$465K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.647−0.112%$78K$170K20xas long as short
Derive HYPE-PERP+0.0100%1h92.670−0.087%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h92.676−0.081%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.682−0.074%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h92.843+0.099%$1.4M$6.2M75xas long as short
Bulk HYPE-USD+0.0100%1h92.701−0.054%$202K$13K10xas long as short
Extended HYPE-USD+0.0104%1h92.743−0.009%$18.1M$43.5M50xas long as short
Aevo HYPE-PERP+0.0104%1h92.684−0.072%$392K$164K20xas long as short
edgeX HYPEUSDC+0.0117%4h92.646−0.113%$5.0M$29.5M30xas long as short
Injective HYPE/USDC PERP+0.0150%1h93.000+0.268%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0160%1h92.720−0.033%$4.7M$5.5M50xas long as short
Kalshi KXHYPEPERP+0.0242%8h92.747−0.004%$1.8M$5.4M2.3xas long as short
Reya HYPERUSDPERP+0.0262%1h92.737−0.015%$79K$133K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h92.741−0.011%$1.4M100xas long as short
Kraken Futures PF_HYPEUSD+0.0332%1h92.743−0.009%$20.6M$30.5M50xas long as short
BloFin HYPE-USDT+0.0340%4h92.691−0.065%$16.6M$11.6M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0386%1h92.768+0.018%$7.5M$4.5M50xas long as short
RISEx HYPE/USDC+0.0687%1h92.823+0.078%$3.2M$6.4M20xas long as short