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+0.0023%/8h= +2.5% APRpaid last 24h +0.024%
Price spread now: Pacifica against OKX−0.009%7-day average +0.012% · 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−$22as in the Price arb table
costs, in and out, $10k−$200.198% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.029%−$3 on $10k
Price spread, last 7 days+0.007%+$1 · spread now −0.009%, 7d avg +0.012%
Together, before fees−0.022%+ Points / potential airdropPacifica: Active · farm board−$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. Pacifica is 0.022% cheaper against OKX than usual: you would sell low and buy high (spread −0.009% now, against its 7-day average of +0.012%). If the spread goes back, that is −$2 on $10k: about 3.1 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX HYPE-USDT-SWAP92.2580.0077pay 0.0077% / 8h4h 42m$112.8M$301.8M50x
ShortPacifica HYPE92.2490.0100get 0.0013% / 1h42m 06s$10.0M$15.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against OKX. 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
$4.88
Price spread: −0.009% → +0.012%
−$2.17
Slippage, 4 orders
−$1.75
Fee OKX: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$17.04
Costs to cover
0.198%
Break-even
31.4 days
Slippage from OKX: live order book, 2 min ago; Pacifica: live order book, 2 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 OKX live order book, 2 min ago0.05 bp5.3 bp −$57.5 bp −$7516.7 bp −$1,669doesn't fit
Sell Pacifica live order book, 2 min ago0.05 bp4.5 bp −$5doesn't fitdoesn't fitdoesn'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%1h92.192−0.072%$1.2M$3.8M10xas long as short
Hibachi HYPE/USDT-P−0.0520%1h92.314+0.061%$193K$229K7xas long as short
Aftermath Perps HYPEUSD−0.0165%1h92.313+0.059%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0128%1h92.222−0.039%$85K$355K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.205−0.057%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0070%4h92.195−0.068%$157K$663K20xas long as short
Bullet HYPE-USD−0.0059%1h92.203−0.060%$110K$579K20xas long as short
Aster HYPEUSDT−0.0005%4h92.232−0.028%$8.7M$36.4M300xas long as short
dYdX HYPE-USD0.0000%1h92.232−0.029%$126K$31K5xas long as short
Perpl HYPE0.0000%43m92.214−0.048%$22K$310K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.231−0.029%$61K150xas long as short
Ondo Perps HYPE-USD.P+0.0026%1h92.180−0.085%$696K$1.1M10xas long as short
BingX HYPE-USDT+0.0030%4h92.259+0.001%$53.3Mas long as short
Phoenix HYPE+0.0043%1h92.246−0.013%$209K$1.2M10xas long as short
Bybit HYPEUSDT+0.0050%8h92.227−0.034%$315.4M$281.1M75xas long as short
Gate HYPE_USDT+0.0056%4h92.234−0.026%$44.2M$54.9M75xas long as short
Derive HYPE-PERP+0.0070%1h92.190−0.074%$16.0M$7.5M10xas long as short
Phemex HYPEUSDT+0.0074%8h92.240−0.020%$12.5M$2.7M50xas long as short
MEXC HYPE_USDT+0.0076%4h92.255−0.003%$87.1M$80.5M100xas long as short
OKX HYPE-USDT-SWAPlong+0.0077%8h92.258long leg$112.8M$301.8M50x
edgeX HYPEUSDC+0.0078%4h92.205−0.058%$4.9M$29.5M30xas long as short
Binance HYPEUSDT+0.0080%4h92.253−0.005%$369.8M$899.4M75xas long as short
Paradex HYPE-USD-PERP+0.0091%8h92.261+0.003%$338K$163K20xas long as short
Lighter HYPE+0.0096%1h92.249−0.010%$16.0M$62.4M20xas long as short
Lighter RH HYPE+0.0096%1h92.244−0.015%$3.1M$11.7M20xas long as short
Popdex HYPEUSDT+0.0096%1h92.216−0.046%$68K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0099%8h92.200−0.063%$31K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h92.188−0.076%$6.0M$43.3M10xas long as short
Hyperliquid HYPE+0.0100%1h92.300+0.045%$2.01B$665.2M10xas long as short
Pacifica HYPEshort+0.0100%1h92.249−0.009%$10.0M$15.0M20x
Bulk HYPE-USD+0.0100%1h92.245−0.014%$201K$13K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.245−0.014%$45.8M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h92.255−0.003%$223.7M$98.4M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.237−0.023%$7.3M$10.3M20xas long as short
Variational Omni HYPE+0.0100%8h92.158−0.108%$28.3M$57.3Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.209−0.053%$7.5M$45.9M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.186−0.078%$337K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h92.325+0.073%$663K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h92.272+0.015%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.228−0.033%$474K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.218−0.043%$78K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h92.252−0.007%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.230−0.030%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h92.368+0.119%$1.4M$6.2M75xas long as short
Extended HYPE-USD+0.0104%1h92.206−0.057%$18.1M$43.5M50xas long as short
Aevo HYPE-PERP+0.0104%1h92.221−0.041%$390K$164K20xas long as short
Injective HYPE/USDC PERP+0.0150%1h93.000+0.804%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0160%1h92.230−0.030%$4.7M$5.5M50xas long as short
Kalshi KXHYPEPERP+0.0257%8h92.242−0.017%$1.8M$5.4M2.3xas long as short
Reya HYPERUSDPERP+0.0261%1h92.201−0.062%$79K$138K15xas long as short
BloFin HYPE-USDT+0.0304%4h92.211−0.051%$16.7M$11.5M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0330% / S −0.0154%1h92.234−0.026%$1.4M100xas long as short
Kraken Futures PF_HYPEUSD+0.0333%1h92.295+0.040%$20.5M$30.4M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0552%1h92.324+0.072%$7.5M$4.4M50xas long as short
RISEx HYPE/USDC+0.0687%1h92.286+0.031%$3.1M$6.4M20xas long as short