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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.008%
Price spread now: Binance against StandX−0.103%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$220.215% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.017%−$2 on $10k
Price spread, last 7 days+0.107%+$11 · spread now −0.103%, 7d avg +0.008%
Together, before fees+0.091%+ Points / potential airdropStandX: Active · farm board+$9 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: Binance is 0.111% cheaper against StandX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX HYPE-USD93.3420.0100pay 0.0013% / 1h33m 00s$668K$2.9M20x
ShortBinance HYPEUSDT93.2460.0100get 0.0050% / 4h2h 33m$373.6M$914.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against StandX. 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: −0.103% → +0.008%
−$11.14
Slippage, 4 orders
−$3.54
Fee StandX: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$32.68
Costs to cover
0.215%
Break-even
never at this rate
Slippage from StandX: live order book, 1 min ago; Binance: live order book, 11 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 StandX live order book, 1 min ago1.02 bp5.0 bp −$55.2 bp −$5211.7 bp −$1,175doesn't fit
Sell Binance live order book, 11 min ago0.05 bp6.2 bp −$68.1 bp −$8114.8 bp −$1,47935.3 bp −$17.7K

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−0.1616%1h93.216−0.135%$196K$234K7xas long as short
Aftermath Perps HYPEUSD−0.0362%1h93.332−0.011%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.200−0.152%$3K$33125xas long as short
Bullet HYPE-USD−0.0059%1h93.188−0.165%$111K$578K20xas long as short
Orderly PERP_HYPE_USDC−0.0023%4h93.194−0.159%$146K$662K20xas long as short
01 Exchange HYPEUSD−0.0016%1h93.199−0.153%$87K$366K20xas long as short
dYdX HYPE-USD0.0000%1h93.206−0.146%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.213−0.138%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.217−0.134%$62K150xas long as short
Arcus HYPE-USD+0.0011%1h93.193−0.160%$1.0M$4.0M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps HYPE-USD.P+0.0013%1h93.090−0.270%$702K$1.2M10xas long as short
Bitget HYPEUSDT+0.0016%4h93.230−0.120%$225.4M$98.9M75xas long as short
Bybit HYPEUSDT+0.0021%8h93.220−0.131%$316.7M$283.0M75xas long as short
Phoenix HYPE+0.0026%1h93.263−0.085%$207K$1.2M10xas long as short
Phemex HYPEUSDT+0.0051%8h93.225−0.125%$12.6M$2.7M50xas long as short
Paradex HYPE-USD-PERP+0.0094%8h93.216−0.135%$339K$162K20xas long as short
edgeX HYPEUSDC+0.0095%4h93.463+0.130%$5.0M$30.0M30xas long as short
Lighter HYPE+0.0096%1h93.205−0.147%$16.1M$63.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.200−0.152%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.193−0.160%$75K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.210−0.141%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.168−0.187%$8.0M$48.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.270−0.077%$2.03B$668.9M10xas long as short
Aster HYPEUSDT+0.0100%4h93.238−0.111%$8.7M$36.5M300xas long as short
Pacifica HYPE+0.0100%1h93.211−0.140%$10.0M$15.4M20xas long as short
Binance HYPEUSDTshort+0.0100%4h93.246−0.103%$373.6M$914.2M75x
OKX HYPE-USDT-SWAP+0.0100%8h93.240−0.109%$114.3M$309.4M50xas long as short
Gate HYPE_USDT+0.0100%4h93.226−0.124%$46.7M$54.3M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.249−0.100%$90.4M$81.0M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.228−0.122%$46.1M$18.9M75xas long as short
BingX HYPE-USDT+0.0100%4h93.229−0.121%$53.9Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.258−0.090%$7.3M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.351+0.009%$28.6M$56.3Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.365+0.025%$7.5M$47.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.496+0.165%$343K$1.0M50xas long as short
StandX HYPE-USDlong+0.0100%1h93.342long leg$668K$2.9M20x
Vest HYPE-PERP+0.0100%1h93.269−0.078%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.198−0.154%$483K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.171−0.183%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.168−0.186%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.189−0.164%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.190−0.163%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.307−0.037%$1.4M$6.5M75xas long as short
Bulk HYPE-USD+0.0100%1h93.344+0.002%$215K$15K10xas long as short
Extended HYPE-USD+0.0104%1h93.212−0.139%$18.1M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.189−0.164%$394K$158K20xas long as short
Kalshi KXHYPEPERP+0.0110%8h93.296−0.049%$1.8M$5.7M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.130−0.227%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.240−0.109%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0269%1h93.181−0.173%$80K$129K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.206−0.145%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.202−0.150%$16.9M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0342%1h93.256−0.092%$20.8M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0437%1h93.284−0.062%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.294−0.051%$3.2M$6.3M20xas long as short