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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC−0.0003%/8hnext payment $0.00 per $10,000 · paid last 24h −0.021%
Price spread now: Ondo Perps against Pacifica+0.122%7-day average −0.008% · 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−0.020%−$2 on $10k
Price spread, last 7 days−0.440%−$44 · spread now +0.122%, 7d avg −0.008%
Together, before fees−0.460%+ Points / potential airdropPacifica: Active · Ondo Perps: Active · farm board−$46 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: Ondo Perps is 0.129% dearer against Pacifica than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica HYPE93.2070.0100pay 0.0013% / 1h6m 25s$10.0M$14.3M20x
ShortOndo Perps HYPE-USD.P93.3200.0097get 0.0012% / 1h6m 25s$700K$945K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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
−$0.67
Price spread: +0.122% → −0.008%
$12.93
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$0.74
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Pacifica: live order book, 2 min ago; Ondo Perps: no order-book sample. 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 Pacifica live order book, 2 min ago0.05 bp4.5 bp −$5doesn't fitdoesn't fitdoesn't fit
Sell Ondo Perps no order-book sample
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−0.1072%1h93.242+0.038%$196K$244K7xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.269+0.067%$3K$33125xas long as short
Injective HYPE/USDC PERP−0.0004%1h93.620+0.443%$30K$177K12xas long as short
dYdX HYPE-USD0.0000%1h93.249+0.045%$127K$33K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.361+0.166%$2.0M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.204−0.003%$24K$372K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0006%1h93.289+0.089%$43K150xas long as short
Aftermath Perps HYPEUSD+0.0008%1h93.332+0.135%$22K$22K10xas long as short
Aster HYPEUSDT+0.0021%4h93.196−0.011%$8.9M$36.2M300xas long as short
01 Exchange HYPEUSD+0.0048%1h93.201−0.006%$90K$323K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HYPE_USDT+0.0072%4h93.178−0.031%$44.1M$56.1M75xas long as short
Arcus HYPE-USD+0.0082%1h93.160−0.050%$1.2M$4.0M10xas long as short
Bybit HYPEUSDT+0.0083%8h93.170−0.039%$324.7M$286.7M75xas long as short
Lighter HYPE+0.0096%1h93.254+0.051%$18.7M$58.3M20xas long as short
Lighter RH HYPE+0.0096%1h93.244+0.040%$3.1M$12.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.195−0.013%$55K$1.3M50xas long as short
Ondo Perps HYPE-USD.Pshort+0.0097%1h93.320+0.122%$700K$945K10x
Orderly PERP_HYPE_USDC+0.0097%4h93.269+0.067%$181K$505K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.230+0.025%$21K$1.8M10xas long as short
Nado HYPE-PERP+0.0100%1h93.190−0.017%$6.3M$43.6M10xas long as short
Pacifica HYPElong+0.0100%1h93.207long leg$10.0M$14.3M20x
Binance HYPEUSDT+0.0100%4h93.194−0.014%$389.8M$869.9M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.161−0.049%$114.5M$313.2M50xas long as short
Bulk HYPE-USD+0.0100%1h93.380+0.186%$205K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.191−0.017%$91.4M$83.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.224+0.019%$46.4M$19.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.193−0.015%$225.5M$102.9M75xas long as short
BingX HYPE-USDT+0.0100%4h93.175−0.034%$54.7Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.263+0.060%$8.0M$11.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.355+0.159%$29.1M$49.0Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.383+0.189%$7.5M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.365+0.170%$457K$943K50xas long as short
StandX HYPE-USD+0.0100%1h93.341+0.144%$675K$2.3M20xas long as short
Vest HYPE-PERP+0.0100%1h93.256+0.053%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.215+0.009%$460K$2.6M20xas long as short
Bullet HYPE-USD+0.0100%1h93.189−0.019%$112K$573K20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.288+0.087%$76K$171K20xas long as short
Derive HYPE-PERP+0.0100%1h93.241+0.036%$16.3M$7.0M10xas long as short
SunX HYPE-USDT+0.0100%4h93.275+0.073%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.256+0.053%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.290+0.089%$12.6M$2.5M50xas long as short
Paradex HYPE-USD-PERP+0.0101%8h93.222+0.016%$341K$172K20xas long as short
edgeX HYPEUSDC+0.0104%4h93.353+0.157%$5.1M$28.9M30xas long as short
Extended HYPE-USD+0.0104%1h93.166−0.044%$18.1M$40.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.262+0.059%$397K$320K20xas long as short
Kraken Futures PF_HYPEUSD+0.0151%1h93.322+0.124%$16.2M$20.9M50xas long as short
Phoenix HYPE+0.0172%1h93.411+0.219%$208K$954K10xas long as short
Hyperliquid HYPE+0.0188%1h93.274+0.072%$2.02B$660.7M10xas long as short
Coinbase International HYPE-PERP-INTX+0.0200%1h93.430+0.240%$4.9M$5.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0232%1h93.358+0.162%$7.4M$4.6M50xas long as short
Reya HYPERUSDPERP+0.0242%1h93.189−0.019%$77K$157K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.280+0.079%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.249+0.045%$17.4M$12.3M75xas long as short
HTX HYPE-USDT+0.0407%4h93.450+0.261%$1.5M$7.5M75xas long as short
RISEx HYPE/USDC+0.0516%1h93.256+0.053%$2.7M$6.4M20xas long as short