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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.046%
Price spread now: KuCoin against Hotstuff+0.022%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 airdropHotstuff: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and KuCoin is 0.022% dearer against Hotstuff 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
LongHotstuff HYPE-PERP93.431−0.0080get 0.0010% / 1h4m 49s$3K$33125x
ShortKuCoin HYPEUSDTM93.4520.0100get 0.0050% / 4h1h 04m$47.1M$18.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$37.8
Price spread: +0.022% → 0.000%
$2.25
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$23.05
Costs to cover
0.170%
Break-even
2.7 days
Slippage unknown: Hotstuff: no order-book sample; KuCoin: 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 Hotstuff no order-book sample
Sell KuCoin live order book, 4 min ago0.48 bp10.3 bp −$1014.0 bp −$140doesn't fitdoesn't fit
Hotstuff: 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
Aftermath Perps HYPEUSD−0.0477%1h93.324−0.114%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0416%1h93.238−0.207%$197K$229K7xas long as short
Arcus HYPE-USD−0.0131%1h93.366−0.070%$1.2M$3.9M10xas long as short
Ondo Perps HYPE-USD.P−0.0129%1h93.380−0.055%$699K$896K10xas long as short
Hotstuff HYPE-PERPlong−0.0080%1h93.431long leg$3K$33125x
01 Exchange HYPEUSD−0.0024%1h93.465+0.036%$91K$358K20xas long as short
dYdX HYPE-USD0.0000%1h93.615+0.197%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.408−0.024%$23K$330K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.463+0.035%$27K150xas long as short
Popdex HYPEUSDT+0.0008%1h93.435+0.004%$58K$1.2M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0008%4h93.582+0.162%$8.9M$35.7M300xas long as short
Orderly PERP_HYPE_USDC+0.0016%4h93.446+0.016%$176K$524K20xas long as short
Bybit HYPEUSDT+0.0020%8h93.575+0.154%$324.0M$281.3M75xas long as short
Phoenix HYPE+0.0034%1h93.456+0.027%$214K$1.2M10xas long as short
Bullet HYPE-USD+0.0056%1h93.432+0.001%$112K$577K20xas long as short
Derive HYPE-PERP+0.0059%1h93.404−0.028%$16.3M$7.0M10xas long as short
MEXC HYPE_USDT+0.0060%4h93.577+0.156%$90.4M$82.4M100xas long as short
Gate HYPE_USDT+0.0062%4h93.587+0.167%$44.2M$58.9M75xas long as short
edgeX HYPEUSDC+0.0063%4h93.210−0.237%$5.1M$29.6M30xas long as short
Binance HYPEUSDT+0.0064%4h93.573+0.152%$384.1M$886.5M75xas long as short
Lighter HYPE+0.0096%1h93.652+0.237%$18.6M$59.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.635+0.218%$3.1M$12.2M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.459+0.030%$398K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.585+0.165%$340K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.440+0.010%$35K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.434+0.004%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.628+0.211%$2.04B$664.2M10xas long as short
Pacifica HYPE+0.0100%1h93.625+0.207%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.570+0.149%$114.4M$312.9M50xas long as short
KuCoin HYPEUSDTMshort+0.0100%4h93.452+0.022%$47.1M$18.4M75x
Bitget HYPEUSDT+0.0100%4h93.612+0.194%$227.1M$102.7M75xas long as short
BingX HYPE-USDT+0.0100%4h93.581+0.161%$53.8Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.462+0.033%$7.9M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.352−0.084%$30.8M$51.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.317−0.122%$7.5M$45.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.209−0.238%$415K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.230−0.215%$674K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.454+0.025%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.463+0.034%$494K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.434+0.003%$76K$166K20xas long as short
SunX HYPE-USDT+0.0100%4h93.475+0.047%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.435+0.004%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.399−0.034%$12.7M$2.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.280−0.162%$204K$8K10xas long as short
Extended HYPE-USD+0.0104%1h93.405−0.028%$18.2M$41.6M50xas long as short
Kalshi KXHYPEPERP+0.0120%8h93.500+0.074%$1.9M$5.2M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.490+0.063%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0219%4h93.585+0.165%$1.5M$7.7M75xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.350−0.087%$30K$338K12xas long as short
BloFin HYPE-USDT+0.0242%4h93.400−0.033%$16.9M$12.4M75xas long as short
Reya HYPERUSDPERP+0.0248%1h93.436+0.006%$77K$159K15xas long as short
RISEx HYPE/USDC+0.0280%1h93.485+0.058%$2.7M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0165%1h93.464+0.035%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0403%1h93.537+0.113%$7.4M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0464%1h93.551+0.129%$20.9M$28.9M50xas long as short