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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.040%
Price spread now: HTX against Pacifica+0.142%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$290.288% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.136%+$14 on $10k
Price spread, last 4 days (all we have)−0.290%−$29 · spread now +0.142%, 7d avg +0.028%
Together, before fees−0.155%+ Points / potential airdropPacifica: Active · farm board−$15 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.114% dearer against Pacifica than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.028%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica HYPE92.8180.0100pay 0.0013% / 1h25m 24s$10.0M$15.2M20x
ShortHTX HYPE-USDT92.9500.0100get 0.0050% / 4h3h 25m$1.4M$6.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Pacifica. 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
$0
Price spread: +0.142% → +0.028%
$11.39
Slippage, 4 orders
−$8.82
Fee Pacifica: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$17.43
Costs to cover
0.288%
Break-even
never at this rate
Slippage from Pacifica: live order book, 4 min ago; HTX: live order book, 4 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 Pacifica live order book, 4 min ago0.05 bp5.2 bp −$5doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 4 min ago0.43 bp10.1 bp −$1013.9 bp −$13946.8 bp −$4,681doesn'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
Hibachi HYPE/USDT-P−0.1656%1h92.636−0.196%$193K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0311%1h92.830+0.013%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h92.765−0.057%$1.1M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.807−0.012%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0061%4h92.790−0.030%$145K$681K20xas long as short
Bullet HYPE-USD−0.0002%1h92.765−0.057%$112K$577K20xas long as short
dYdX HYPE-USD0.0000%1h92.827+0.010%$127K$29K5xas long as short
Perpl HYPE0.0000%43m92.807−0.012%$22K$295K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.803−0.016%$62K150xas long as short
Ondo Perps HYPE-USD.P+0.0016%1h92.730−0.095%$698K$1.1M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix HYPE+0.0026%1h92.921+0.111%$210K$1.2M10xas long as short
Bybit HYPEUSDT+0.0032%8h92.784−0.037%$315.4M$282.8M75xas long as short
01 Exchange HYPEUSD+0.0032%1h92.791−0.029%$87K$364K20xas long as short
Phemex HYPEUSDT+0.0049%8h92.841+0.025%$12.5M$2.7M50xas long as short
Bitget HYPEUSDT+0.0050%4h92.788−0.032%$224.7M$99.1M75xas long as short
Popdex HYPEUSDT+0.0056%1h92.785−0.036%$70K$1.1M50xas long as short
Gate HYPE_USDT+0.0074%4h92.790−0.030%$45.1M$54.3M75xas long as short
edgeX HYPEUSDC+0.0092%4h92.837+0.020%$4.9M$29.6M30xas long as short
Lighter HYPE+0.0096%1h92.822+0.004%$16.0M$62.7M20xas long as short
Lighter RH HYPE+0.0096%1h92.821+0.003%$3.1M$11.6M20xas long as short
Katana Perps HYPE-USD+0.0099%8h92.790−0.030%$34K$1.7M10xas long as short
Paradex HYPE-USD-PERP+0.0099%8h92.829+0.012%$339K$163K20xas long as short
Nado HYPE-PERP+0.0100%1h92.802−0.017%$7.4M$46.1M10xas long as short
Hyperliquid HYPE+0.0100%1h92.830+0.013%$2.02B$666.7M10xas long as short
Aster HYPEUSDT+0.0100%4h92.784−0.036%$8.7M$36.1M300xas long as short
Pacifica HYPElong+0.0100%1h92.818long leg$10.0M$15.2M20x
Binance HYPEUSDT+0.0100%4h92.776−0.045%$373.1M$905.7M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h92.799−0.020%$113.8M$303.5M50xas long as short
MEXC HYPE_USDT+0.0100%4h92.780−0.041%$91.3M$81.0M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.786−0.034%$46.1M$18.4M75xas long as short
BingX HYPE-USDT+0.0100%4h92.789−0.031%$54.0Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.841+0.025%$7.2M$11.3M20xas long as short
Variational Omni HYPE+0.0100%8h92.768−0.054%$28.5M$57.3Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.886+0.073%$7.5M$46.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.846+0.030%$341K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h92.813−0.005%$667K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h92.839+0.023%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.822+0.004%$470K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.791−0.029%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h92.784−0.037%$16.0M$7.6M10xas long as short
SunX HYPE-USDT+0.0100%4h92.872+0.058%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.799−0.020%$2.0M$2.0M10xas long as short
HTX HYPE-USDTshort+0.0100%4h92.950+0.142%$1.4M$6.3M75x
Bulk HYPE-USD+0.0100%1h92.770−0.052%$202K$13K10xas long as short
Extended HYPE-USD+0.0104%1h92.769−0.053%$18.0M$43.6M50xas long as short
Aevo HYPE-PERP+0.0104%1h92.783−0.037%$392K$164K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h92.910+0.099%$4.7M$5.6M50xas long as short
Kalshi KXHYPEPERP+0.0154%8h92.890+0.078%$1.8M$5.4M2.3xas long as short
Kraken Futures PF_HYPEUSD+0.0197%1h92.858+0.043%$20.6M$30.5M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h92.790−0.030%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0265%1h92.777−0.044%$79K$131K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0278%1h92.881+0.068%$7.5M$4.5M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h92.823+0.006%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h92.846+0.030%$16.8M$11.6M75xas long as short
RISEx HYPE/USDC+0.0598%1h92.846+0.030%$3.1M$6.4M20xas long as short