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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0746%/8h= −81.7% APRnext payment $0.93 per $10,000 · paid last 24h −0.018%
Price spread now: Aftermath Perps against RISEx−0.048%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 feesneeds both histories
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Aftermath Perps is 0.048% cheaper against RISEx than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx HYPE/USDC93.2770.0280pay 0.0035% / 1h7m 53s$2.7M$6.8M20x
ShortAftermath Perps HYPEUSD93.232−0.0466pay 0.0058% / 1h7m 53s$22K$22K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against RISEx. 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
−$156.72
Price spread: −0.048% → 0.000%
−$4.77
Slippage, 4 orders
no order book: not counted
Fee RISEx: 3 bp × 2 orders
−$6
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$176.49
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: RISEx: live order book, 1 min ago; Aftermath 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 RISEx live order book, 1 min ago1.28 bp4.3 bp −$45.5 bp −$55doesn't fitdoesn't fit
Sell Aftermath Perps no order-book sample
Aftermath 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
Aftermath Perps HYPEUSDshort−0.0466%1h93.232−0.048%$22K$22K10x
Hibachi HYPE/USDT-P−0.0400%1h93.275−0.002%$197K$229K7xas long as short
Arcus HYPE-USD−0.0131%1h93.203−0.079%$1.2M$3.9M10xas long as short
Ondo Perps HYPE-USD.P−0.0126%1h93.160−0.125%$699K$895K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.297+0.021%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0024%1h93.246−0.033%$90K$358K20xas long as short
dYdX HYPE-USD0.0000%1h93.308+0.033%$127K$32K5xas long as short
Popdex HYPEUSDT0.0000%1h93.220−0.061%$58K$1.2M50xas long as short
Perpl HYPE0.0000%43m93.247−0.032%$23K$330K10xas long as short
Aster HYPEUSDT+0.0002%4h93.244−0.035%$8.9M$35.7M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.264−0.013%$27K150xas long as short
Orderly PERP_HYPE_USDC+0.0017%4h93.247−0.032%$176K$524K20xas long as short
Bybit HYPEUSDT+0.0022%8h93.226−0.055%$322.8M$282.4M75xas long as short
Phoenix HYPE+0.0034%1h93.306+0.031%$214K$1.2M10xas long as short
Bullet HYPE-USD+0.0047%1h93.232−0.048%$111K$577K20xas long as short
Derive HYPE-PERP+0.0050%1h93.190−0.093%$16.3M$7.0M10xas long as short
Binance HYPEUSDT+0.0062%4h93.219−0.062%$382.7M$887.7M75xas long as short
Gate HYPE_USDT+0.0062%4h93.228−0.053%$44.0M$58.8M75xas long as short
MEXC HYPE_USDT+0.0062%4h93.239−0.041%$90.1M$82.3M100xas long as short
edgeX HYPEUSDC+0.0080%4h93.250−0.029%$5.1M$29.6M30xas long as short
Lighter HYPE+0.0096%1h93.289+0.013%$18.6M$59.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.272−0.005%$3.1M$12.2M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.229−0.051%$397K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.306+0.031%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.250−0.029%$35K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.288+0.012%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.272−0.005%$2.03B$661.0M10xas long as short
Pacifica HYPE+0.0100%1h93.319+0.045%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.237−0.043%$114.1M$312.4M50xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.253−0.026%$47.0M$18.5M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.249−0.030%$226.2M$102.7M75xas long as short
BingX HYPE-USDT+0.0100%4h93.217−0.064%$53.7Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.258−0.020%$7.8M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.212−0.069%$30.8M$51.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.339+0.066%$7.5M$45.7M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.280+0.003%$415K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.273−0.004%$675K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.283+0.007%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.259−0.019%$493K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.257−0.021%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.281+0.004%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.230−0.050%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.288+0.012%$12.7M$2.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.280+0.003%$204K$8K10xas long as short
Extended HYPE-USD+0.0104%1h93.218−0.063%$18.2M$41.6M50xas long as short
Kalshi KXHYPEPERP+0.0118%8h93.365+0.094%$1.9M$5.2M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.260−0.018%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0220%4h93.396+0.128%$1.5M$7.7M75xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.530+0.271%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0247%1h93.236−0.044%$77K$159K15xas long as short
BloFin HYPE-USDT+0.0250%4h93.270−0.008%$16.9M$12.4M75xas long as short
RISEx HYPE/USDClong+0.0280%1h93.277long leg$2.7M$6.8M20x
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.260−0.018%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0361%1h93.326+0.053%$7.4M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.341+0.069%$20.9M$28.9M50xas long as short