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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0179%/8h= −19.6% APRpaid last 24h −0.057%
Price spread now: Hotstuff against Paradex−0.009%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 airdropParadex: Active · Hotstuff: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex HYPE-USD-PERP93.2440.0099pay 0.0099% / 8h2h 06m$339K$170K20x
ShortHotstuff HYPE-PERP93.236−0.0080pay 0.0010% / 1h6m 39s$3K$33125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Paradex. 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
−$37.62
Price spread: −0.009% → 0.000%
−$0.91
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$47.53
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Paradex: live order book, 17 min ago; Hotstuff: 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 Paradex live order book, 17 min ago16.62 bp18.6 bp −$19145.8 bp −$1,458doesn't fitdoesn't fit
Sell Hotstuff no order-book sample
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−0.0856%1h93.329+0.091%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0258%1h93.394+0.160%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0230%1h93.210−0.037%$700K$934K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.237−0.008%$90K$358K20xas long as short
Hotstuff HYPE-PERPshort−0.0080%1h93.236−0.009%$3K$33125x
Derive HYPE-PERP−0.0035%1h93.223−0.023%$16.4M$7.1M10xas long as short
Bullet HYPE-USD−0.0028%1h93.274+0.032%$111K$580K20xas long as short
dYdX HYPE-USD0.0000%1h93.280+0.038%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.323+0.085%$23K$334K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.316+0.076%$20K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0011%4h93.238−0.006%$8.9M$35.8M300xas long as short
Bybit HYPEUSDT+0.0030%8h93.220−0.026%$324.6M$287.2M75xas long as short
Gate HYPE_USDT+0.0030%4h93.227−0.019%$43.9M$57.8M75xas long as short
Popdex HYPEUSDT+0.0032%1h93.232−0.013%$58K$1.2M50xas long as short
Orderly PERP_HYPE_USDC+0.0053%4h93.288+0.047%$165K$538K20xas long as short
Phoenix HYPE+0.0068%1h93.345+0.108%$215K$1.2M10xas long as short
SoDEX HYPE-USD+0.0089%1h93.255+0.011%$2.0M$2.0M10xas long as short
Vest HYPE-PERP+0.0094%1h93.335+0.097%$454K5xas long as short
Lighter HYPE+0.0096%1h93.270+0.027%$18.6M$60.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.250+0.006%$3.1M$12.4M20xas long as short
Bluefin HYPE-PERP+0.0099%1h93.277+0.035%$75K$168K20xas long as short
Paradex HYPE-USD-PERPlong+0.0099%8h93.244long leg$339K$170K20x
Katana Perps HYPE-USD+0.0100%8h93.250+0.006%$36K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.305+0.065%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.351+0.114%$2.03B$670.7M10xas long as short
Pacifica HYPE+0.0100%1h93.264+0.021%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.219−0.027%$384.7M$889.8M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.215−0.032%$114.5M$314.4M50xas long as short
Arcus HYPE-USD+0.0100%1h93.199−0.049%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.285+0.043%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.219−0.027%$93.0M$82.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.259+0.016%$46.1M$18.8M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.234−0.011%$226.5M$102.6M75xas long as short
BingX HYPE-USDT+0.0100%4h93.221−0.025%$54.1Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.303+0.063%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.263+0.019%$29.1M$50.2Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.304+0.064%$7.5M$45.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.276+0.034%$405K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.340+0.102%$675K$2.5M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.338+0.100%$493K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h93.300+0.060%$32K$1.6M20xas long as short
Phemex HYPEUSDT+0.0100%8h93.303+0.063%$12.7M$2.6M50xas long as short
Kalshi KXHYPEPERP+0.0101%8h93.392+0.158%$1.9M$5.2M2.3xas long as short
Extended HYPE-USD+0.0104%1h93.206−0.041%$18.4M$41.7M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.275+0.033%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0113%4h93.268+0.025%$5.1M$29.4M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.390+0.156%$4.9M$5.7M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0221%1h93.371+0.136%$7.4M$4.6M50xas long as short
Reya HYPERUSDPERP+0.0246%1h93.304+0.063%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.910+0.714%$31K$291K12xas long as short
HTX HYPE-USDT+0.0292%4h93.477+0.249%$1.5M$7.7M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.331+0.092%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.275+0.033%$17.1M$12.5M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.292+0.051%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.395+0.162%$19.1M$26.2M50xas long as short