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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0130%/8h= −14.2% APRnext payment $0.16 per $10,000 · paid last 24h +0.047%
Price spread now: Aftermath Perps against Hotstuff−0.055%7-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 fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Aftermath Perps is 0.055% cheaper against Hotstuff than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff HYPE-PERP94.036−0.0080get 0.0010% / 1h8m 47s$3K$33125x
ShortAftermath Perps HYPEUSD93.984−0.0210pay 0.0026% / 1h8m 47s$22K$21K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Hotstuff. 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
−$27.23
Price spread: −0.055% → 0.000%
−$5.54
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$46.77
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Hotstuff: no order-book sample; Aftermath Perps: 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 Hotstuff no order-book sample
Sell Aftermath Perps no order-book sample
Hotstuff and Aftermath Perps: 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−0.1168%1h93.966−0.075%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.778−0.274%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSDshort−0.0210%1h93.984−0.055%$22K$21K10x
Ondo Perps HYPE-USD.P−0.0099%1h93.860−0.187%$710K$958K10xas long as short
Phemex HYPEUSDT−0.0095%8h93.940−0.102%$12.8M$2.6M50xas long as short
dYdX HYPE-USD−0.0087%1h93.911−0.133%$129K$31K5xas long as short
01 Exchange HYPEUSD−0.0080%1h94.018−0.019%$86K$359K20xas long as short
Hotstuff HYPE-PERPlong−0.0080%1h94.036long leg$3K$33125x
Bullet HYPE-USD−0.0048%1h93.989−0.050%$113K$580K20xas long as short
Orderly PERP_HYPE_USDC−0.0029%4h93.938−0.104%$159K$643K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HYPE_USDT−0.0012%4h93.896−0.149%$44.4M$60.3M75xas long as short
Perpl HYPE0.0000%43m94.046+0.010%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h94.010−0.028%$27K150xas long as short
Derive HYPE-PERP+0.0009%1h93.925−0.118%$16.4M$7.3M10xas long as short
Aster HYPEUSDT+0.0012%4h93.908−0.136%$8.9M$36.0M300xas long as short
Bybit HYPEUSDT+0.0015%8h93.877−0.169%$323.1M$279.7M75xas long as short
Phoenix HYPE+0.0034%1h94.071+0.037%$218K$1.2M10xas long as short
MEXC HYPE_USDT+0.0052%4h93.899−0.146%$88.4M$83.3M100xas long as short
Binance HYPEUSDT+0.0056%4h93.891−0.155%$383.3M$894.4M75xas long as short
edgeX HYPEUSDC+0.0065%4h93.937−0.105%$5.1M$29.6M30xas long as short
OKX HYPE-USDT-SWAP+0.0073%8h93.881−0.165%$116.1M$314.8M50xas long as short
Lighter HYPE+0.0096%1h93.924−0.119%$18.9M$60.7M20xas long as short
Lighter RH HYPE+0.0096%1h93.905−0.139%$3.0M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.017−0.020%$65K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.969−0.072%$400K$180K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.928−0.114%$341K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h94.030−0.006%$31K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h94.020−0.016%$6.6M$44.6M10xas long as short
Hyperliquid HYPE+0.0100%1h93.954−0.087%$2.05B$668.4M10xas long as short
Pacifica HYPE+0.0100%1h93.912−0.132%$10.1M$14.7M20xas long as short
Bulk HYPE-USD+0.0100%1h93.528−0.540%$204K$12K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.896−0.149%$46.6M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.883−0.163%$227.3M$100.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.888−0.157%$53.9Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.871−0.175%$7.9M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.920−0.124%$31.4M$53.7Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.053+0.018%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.946−0.096%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.959−0.082%$671K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h94.050+0.015%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.049+0.014%$475K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.926−0.117%$76K$170K20xas long as short
SunX HYPE-USDT+0.0100%4h94.049+0.014%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.955−0.086%$2.0M$2.0M10xas long as short
Extended HYPE-USD+0.0104%1h93.869−0.177%$18.4M$45.2M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.970−0.070%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.490+0.483%$31K$338K12xas long as short
BloFin HYPE-USDT+0.0212%4h94.058+0.023%$17.1M$12.1M75xas long as short
RISEx HYPE/USDC+0.0222%1h93.927−0.116%$2.7M$6.7M20xas long as short
Kalshi KXHYPEPERP+0.0241%8h94.083+0.050%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0252%1h93.976−0.063%$79K$143K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0335% / S −0.0158%1h94.009−0.029%$1.4M100xas long as short
HTX HYPE-USDT+0.0366%4h94.211+0.186%$1.5M$5.9M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0431%1h94.060+0.026%$7.5M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0672%1h94.012−0.025%$21.0M$29.8M50xas long as short