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−0.0040%/8h= −4.4% APRnext payment $0.05 per $10,000 · paid last 24h +0.029%
Price spread now: 01 Exchange against Hotstuff−0.050%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 −$1 a day on $10k at the current rate, and 01 Exchange is 0.050% cheaper against Hotstuff than usual: you would sell low and buy high (−$5 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-PERP93.831−0.0080get 0.0010% / 1h55m 24s$3K$33125x
Short01 Exchange HYPEUSD93.784−0.0120pay 0.0015% / 1h55m 24s$86K$365K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$8.4
Price spread: −0.050% → 0.000%
−$5.01
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$25.41
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Hotstuff: no order-book sample; 01 Exchange: live order book, 19 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 01 Exchange live order book, 19 min ago0.16 bp6.7 bp −$710.2 bp −$102doesn'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
Hibachi HYPE/USDT-P−0.1440%1h93.842+0.012%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.706−0.133%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0317%1h93.953+0.131%$22K$22K10xas long as short
ApeX Omni HYPEUSDT−0.0224%1h93.928+0.103%$340K$1.1M50xas long as short
dYdX HYPE-USD−0.0179%1h93.914+0.088%$128K$30K5xas long as short
Gate HYPE_USDT−0.0128%4h93.776−0.059%$44.6M$58.8M75xas long as short
Ondo Perps HYPE-USD.P−0.0125%1h93.770−0.065%$705K$925K10xas long as short
Bullet HYPE-USD−0.0120%1h93.765−0.070%$112K$579K20xas long as short
01 Exchange HYPEUSDshort−0.0120%1h93.784−0.050%$86K$365K20x
Hotstuff HYPE-PERPlong−0.0080%1h93.831long leg$3K$33125x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit HYPEUSDT−0.0072%8h93.770−0.065%$322.6M$283.5M75xas long as short
Derive HYPE-PERP−0.0013%1h93.721−0.117%$16.4M$7.2M10xas long as short
Orderly PERP_HYPE_USDC−0.0008%4h93.778−0.056%$169K$594K20xas long as short
Perpl HYPE0.0000%43m93.804−0.029%$23K$329K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.800−0.033%$27K150xas long as short
Phoenix HYPE+0.0009%1h93.913+0.087%$217K$1.2M10xas long as short
Aster HYPEUSDT+0.0011%4h93.789−0.045%$8.9M$36.1M300xas long as short
Popdex HYPEUSDT+0.0032%1h93.779−0.055%$60K$1.2M50xas long as short
Binance HYPEUSDT+0.0039%4h93.771−0.064%$383.1M$897.9M75xas long as short
MEXC HYPE_USDT+0.0042%4h93.770−0.065%$88.0M$81.8M100xas long as short
edgeX HYPEUSDC+0.0062%4h93.918+0.093%$5.1M$29.7M30xas long as short
OKX HYPE-USDT-SWAP+0.0084%8h93.766−0.069%$115.7M$321.4M50xas long as short
Aevo HYPE-PERP+0.0088%1h93.876+0.048%$399K$280K20xas long as short
Lighter HYPE+0.0096%1h93.868+0.039%$18.8M$58.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.851+0.021%$3.1M$12.0M20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.860+0.031%$341K$171K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.820−0.012%$42K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.808−0.025%$6.6M$44.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.878+0.050%$2.04B$681.0M10xas long as short
Pacifica HYPE+0.0100%1h93.843+0.013%$10.1M$14.6M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.792−0.042%$46.4M$18.5M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.765−0.070%$227.1M$101.9M75xas long as short
BingX HYPE-USDT+0.0100%4h93.770−0.065%$54.0Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.879+0.051%$7.7M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.832+0.001%$31.2M$54.3Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.944+0.120%$7.6M$45.4M10xas long as short
StandX HYPE-USD+0.0100%1h93.836+0.005%$678K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.836+0.005%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.817−0.015%$479K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.814−0.018%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h93.879+0.051%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.770−0.065%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.890+0.063%$12.8M$2.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.944+0.120%$205K$6K10xas long as short
Extended HYPE-USD+0.0104%1h93.735−0.102%$18.4M$42.6M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.890+0.063%$4.9M$5.7M50xas long as short
Kalshi KXHYPEPERP+0.0163%8h93.929+0.104%$1.9M$5.1M2.3xas long as short
BloFin HYPE-USDT+0.0175%4h93.897+0.070%$17.0M$12.5M75xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.150+0.340%$31K$338K12xas long as short
RISEx HYPE/USDC+0.0222%1h93.849+0.019%$2.8M$6.9M20xas long as short
Reya HYPERUSDPERP+0.0250%1h93.763−0.073%$78K$143K15xas long as short
HTX HYPE-USDT+0.0310%4h94.050+0.233%$1.5M$7.5M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0336%1h93.871+0.043%$7.4M$4.7M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0157%1h93.804−0.028%$1.4M100xas long as short
Kraken Futures PF_HYPEUSD+0.0673%1h93.872+0.044%$21.0M$29.5M50xas long as short