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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0085%/8h= +9.3% APRnext payment +$0.11 per $10,000 · paid last 24h +0.034%
Price spread now: Aevo against Ondo Perps+0.122%7-day average +0.083% · 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 7 days+0.146%+$15 on $10k
Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.122%, 7d avg +0.083%
Together, before fees+0.067%+ Points / potential airdropOndo Perps: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aevo is 0.039% dearer against Ondo Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.083%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps HYPE-USD.P92.7300.0019pay 0.0002% / 1h26m 46s$698K$1.1M10x
ShortAevo HYPE-PERP92.8430.0104get 0.0013% / 1h26m 46s$393K$164K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Ondo Perps. 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
$17.81
Price spread: +0.122% → +0.083%
$3.88
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Aevo: 8 bp × 2 orders
−$16
Net
$0.69
Costs to cover
0.210%
Break-even
6.7 days
Slippage unknown: Ondo Perps: no order-book sample; Aevo: live order book, 27 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 Ondo Perps no order-book sample
Sell Aevo live order book, 27 min ago11.64 bp19.6 bp −$2019.7 bp −$19726.8 bp −$2,685doesn't fit
Ondo 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−0.1568%1h92.719−0.011%$193K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0304%1h92.848+0.127%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h92.781+0.055%$1.1M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.869+0.150%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0061%4h92.844+0.123%$145K$681K20xas long as short
dYdX HYPE-USD0.0000%1h92.906+0.190%$127K$29K5xas long as short
Perpl HYPE0.0000%43m92.860+0.140%$22K$295K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.880+0.162%$62K150xas long as short
Bullet HYPE-USD+0.0009%1h92.830+0.108%$112K$577K20xas long as short
Ondo Perps HYPE-USD.Plong+0.0019%1h92.730long leg$698K$1.1M10x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix HYPE+0.0026%1h92.917+0.202%$210K$1.2M10xas long as short
Bybit HYPEUSDT+0.0032%8h92.830+0.108%$315.6M$282.7M75xas long as short
01 Exchange HYPEUSD+0.0040%1h92.873+0.154%$86K$363K20xas long as short
Phemex HYPEUSDT+0.0048%8h92.894+0.177%$12.5M$2.7M50xas long as short
Bitget HYPEUSDT+0.0052%4h92.827+0.105%$224.8M$99.1M75xas long as short
Popdex HYPEUSDT+0.0064%1h92.855+0.135%$70K$1.1M50xas long as short
Gate HYPE_USDT+0.0084%4h92.820+0.097%$45.0M$54.3M75xas long as short
edgeX HYPEUSDC+0.0089%4h92.855+0.135%$4.9M$29.6M30xas long as short
Lighter HYPE+0.0096%1h92.844+0.123%$16.0M$62.6M20xas long as short
Lighter RH HYPE+0.0096%1h92.846+0.125%$3.1M$11.6M20xas long as short
Katana Perps HYPE-USD+0.0099%8h92.860+0.140%$34K$1.7M10xas long as short
Paradex HYPE-USD-PERP+0.0100%8h92.850+0.129%$339K$163K20xas long as short
Nado HYPE-PERP+0.0100%1h92.850+0.130%$7.4M$46.1M10xas long as short
Hyperliquid HYPE+0.0100%1h92.879+0.161%$2.02B$666.7M10xas long as short
Aster HYPEUSDT+0.0100%4h92.829+0.107%$8.7M$36.1M300xas long as short
Pacifica HYPE+0.0100%1h92.854+0.134%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h92.819+0.096%$373.2M$905.6M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h92.826+0.104%$113.8M$303.9M50xas long as short
MEXC HYPE_USDT+0.0100%4h92.827+0.105%$91.4M$81.0M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.832+0.110%$46.1M$18.4M75xas long as short
BingX HYPE-USDT+0.0100%4h92.832+0.110%$54.0Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.864+0.145%$7.2M$11.3M20xas long as short
Variational Omni HYPE+0.0100%8h92.959+0.247%$28.6M$57.4Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.886+0.168%$7.5M$46.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.975+0.264%$341K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h92.843+0.122%$668K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h92.911+0.195%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.898+0.181%$471K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.849+0.128%$79K$167K20xas long as short
Derive HYPE-PERP+0.0100%1h92.843+0.121%$16.0M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h92.917+0.202%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.855+0.135%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h92.999+0.290%$1.4M$6.3M75xas long as short
Bulk HYPE-USD+0.0100%1h92.770+0.043%$202K$13K10xas long as short
Extended HYPE-USD+0.0104%1h92.788+0.063%$18.0M$43.6M50xas long as short
Aevo HYPE-PERPshort+0.0104%1h92.843+0.122%$393K$164K20x
Coinbase International HYPE-PERP-INTX+0.0144%1h92.910+0.194%$4.7M$5.6M50xas long as short
Kalshi KXHYPEPERP+0.0161%8h92.931+0.217%$1.8M$5.4M2.3xas long as short
Kraken Futures PF_HYPEUSD+0.0197%1h92.919+0.204%$20.6M$30.5M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h92.790+0.065%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0265%1h92.857+0.137%$79K$131K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0321%1h92.944+0.231%$7.5M$4.5M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h92.876+0.158%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h92.846+0.125%$16.8M$11.6M75xas long as short
RISEx HYPE/USDC+0.0598%1h92.880+0.162%$3.1M$6.4M20xas long as short