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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:48 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.021%
Price spread now: Aevo against Perpl−0.048%7-day average +0.001% · 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 7 days+0.160%+$16 on $10k
Price spread, last 4 days (all we have)−0.028%−$3 · spread now −0.048%, 7d avg +0.001%
Together, before fees+0.132%+ Points / potential airdropPerpl: Active · farm board+$13 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aevo is 0.049% cheaper against Perpl than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.001%). If the spread goes back, that is −$5 on $10k: about 38 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPerpl HYPE92.8910get 0.0000% / 43m26m 06s$22K$295K10x
ShortAevo HYPE-PERP92.8470.0104get 0.0013% / 1h29m 06s$393K$164K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Perpl. 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
$21.84
Price spread: −0.048% → +0.001%
−$4.93
Slippage, 4 orders
no order book: not counted
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$12.89
Costs to cover
0.298%
Break-even
11.1 days
Slippage unknown: Perpl: no order-book sample; Aevo: live order book, 25 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 Perpl no order-book sample
Sell Aevo live order book, 25 min ago11.64 bp19.6 bp −$2019.7 bp −$19726.8 bp −$2,685doesn't fit
Perpl: 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−0.1544%1h92.711−0.194%$193K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0302%1h92.864−0.029%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h92.849−0.046%$1.1M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.988+0.104%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0061%4h92.842−0.053%$145K$681K20xas long as short
dYdX HYPE-USD0.0000%1h92.906+0.016%$127K$29K5xas long as short
Perpl HYPElong0.0000%43m92.891long leg$22K$295K10x
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.890−0.001%$62K150xas long as short
Phoenix HYPE+0.0026%1h92.857−0.037%$210K$1.2M10xas long as short
Bullet HYPE-USD+0.0026%1h92.845−0.050%$111K$577K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit HYPEUSDT+0.0033%8h92.850−0.044%$315.7M$282.6M75xas long as short
Ondo Perps HYPE-USD.P+0.0036%1h92.840−0.055%$699K$1.1M10xas long as short
Phemex HYPEUSDT+0.0048%8h92.901+0.010%$12.5M$2.7M50xas long as short
01 Exchange HYPEUSD+0.0048%1h92.886−0.006%$86K$363K20xas long as short
Bitget HYPEUSDT+0.0056%4h92.851−0.043%$224.9M$99.2M75xas long as short
Popdex HYPEUSDT+0.0072%1h92.868−0.025%$70K$1.1M50xas long as short
Lighter HYPE+0.0096%1h92.875−0.017%$16.0M$62.6M20xas long as short
Lighter RH HYPE+0.0096%1h92.886−0.006%$3.1M$11.6M20xas long as short
edgeX HYPEUSDC+0.0097%4h92.935+0.047%$4.9M$29.6M30xas long as short
Paradex HYPE-USD-PERP+0.0097%8h92.922+0.033%$339K$163K20xas long as short
Katana Perps HYPE-USD+0.0099%8h92.870−0.023%$34K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h92.880−0.012%$7.4M$46.1M10xas long as short
Hyperliquid HYPE+0.0100%1h92.906+0.016%$2.02B$666.6M10xas long as short
Aster HYPEUSDT+0.0100%4h92.868−0.025%$8.7M$36.1M300xas long as short
Pacifica HYPE+0.0100%1h92.902+0.012%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h92.845−0.049%$373.3M$905.7M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h92.848−0.047%$113.9M$304.1M50xas long as short
Gate HYPE_USDT+0.0100%4h92.856−0.038%$44.9M$54.1M75xas long as short
MEXC HYPE_USDT+0.0100%4h92.851−0.043%$91.4M$81.0M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.863−0.030%$46.0M$18.4M75xas long as short
BingX HYPE-USDT+0.0100%4h92.859−0.035%$54.0Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.879−0.013%$7.2M$11.3M20xas long as short
Variational Omni HYPE+0.0100%8h92.959+0.073%$28.6M$57.4Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.003+0.121%$7.5M$46.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.975+0.090%$341K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h92.929+0.041%$668K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h92.930+0.042%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.910+0.020%$471K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.864−0.029%$79K$167K20xas long as short
Derive HYPE-PERP+0.0100%1h92.847−0.047%$16.0M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h92.942+0.055%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.864−0.029%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h93.005+0.122%$1.4M$6.3M75xas long as short
Bulk HYPE-USD+0.0100%1h92.770−0.131%$202K$13K10xas long as short
Extended HYPE-USD+0.0104%1h92.829−0.068%$18.0M$43.6M50xas long as short
Aevo HYPE-PERPshort+0.0104%1h92.847−0.048%$393K$164K20x
Coinbase International HYPE-PERP-INTX+0.0144%1h93.040+0.160%$4.7M$5.6M50xas long as short
Kalshi KXHYPEPERP+0.0175%8h92.939+0.051%$1.8M$5.4M2.3xas long as short
Kraken Futures PF_HYPEUSD+0.0197%1h92.925+0.036%$20.6M$30.5M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h92.790−0.109%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0265%1h92.865−0.029%$79K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h92.885−0.007%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h92.881−0.011%$16.8M$11.6M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0364%1h92.948+0.061%$7.5M$4.5M50xas long as short
RISEx HYPE/USDC+0.0598%1h92.939+0.052%$3.2M$6.4M20xas long as short