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+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%
Price spread now: Extended against StandX−0.007%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$170.172% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.016%+$2 on $10k
Price spread, last 7 days+0.031%+$3 · spread now −0.007%, 7d avg −0.027%
Together, before fees+0.047%+ Points / potential airdropStandX: Active · Extended: Active · farm board+$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX HYPE-USD93.2390.0100pay 0.0013% / 1h14m 46s$674K$2.5M20x
ShortExtended HYPE-USD93.2320.0104get 0.0013% / 1h14m 46s$18.2M$41.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: −0.007% → −0.027%
$2
Slippage, 4 orders
−$4.22
Fee StandX: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$14.38
Costs to cover
0.172%
Break-even
126.9 days
Slippage from StandX: live order book, 4 min ago; Extended: live order book, 4 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, 4 min ago1.29 bp5.3 bp −$55.5 bp −$5511.6 bp −$1,159doesn't fit
Sell Extended live order book, 4 min ago0.05 bp2.6 bp −$33.5 bp −$3523.1 bp −$2,306doesn't fit

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 HYPEUSD−0.0438%1h93.188−0.055%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0344%1h93.258+0.020%$197K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.148−0.098%$1.2M$4.0M10xas long as short
Ondo Perps HYPE-USD.P−0.0123%1h93.210−0.031%$699K$932K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.195−0.047%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0032%1h93.247+0.009%$90K$361K20xas long as short
dYdX HYPE-USD0.0000%1h93.278+0.042%$127K$32K5xas long as short
Popdex HYPEUSDT0.0000%1h93.212−0.029%$58K$1.2M50xas long as short
Perpl HYPE0.0000%43m93.201−0.041%$23K$331K10xas long as short
Aster HYPEUSDT+0.0001%4h93.272+0.035%$8.9M$35.8M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.242+0.004%$27K150xas long as short
Orderly PERP_HYPE_USDC+0.0020%4h93.218−0.023%$172K$517K20xas long as short
Bybit HYPEUSDT+0.0023%8h93.256+0.018%$323.1M$286.2M75xas long as short
Bullet HYPE-USD+0.0033%1h93.210−0.031%$112K$579K20xas long as short
Phoenix HYPE+0.0034%1h93.249+0.011%$214K$1.2M10xas long as short
Derive HYPE-PERP+0.0047%1h93.170−0.074%$16.3M$7.0M10xas long as short
Gate HYPE_USDT+0.0064%4h93.265+0.028%$44.0M$58.6M75xas long as short
MEXC HYPE_USDT+0.0064%4h93.279+0.043%$90.2M$82.3M100xas long as short
Binance HYPEUSDT+0.0065%4h93.274+0.038%$381.8M$894.1M75xas long as short
edgeX HYPEUSDC+0.0085%4h93.171−0.072%$5.1M$29.7M30xas long as short
Lighter HYPE+0.0096%1h93.323+0.090%$18.6M$59.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.317+0.084%$3.1M$12.2M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.217−0.023%$397K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.282+0.046%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.210−0.031%$35K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.209−0.032%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.313+0.079%$2.03B$669.4M10xas long as short
Pacifica HYPE+0.0100%1h93.293+0.058%$10.0M$14.4M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.250+0.012%$114.2M$313.7M50xas long as short
Bulk HYPE-USD+0.0100%1h93.232−0.007%$204K$8K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.295+0.060%$47.0M$18.7M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.280+0.044%$226.2M$103.1M75xas long as short
BingX HYPE-USDT+0.0100%4h93.271+0.034%$53.8Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.265+0.028%$7.8M$10.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.203−0.038%$29.0M$50.5Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.199−0.043%$7.5M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.153−0.092%$414K$1.0M50xas long as short
StandX HYPE-USDlong+0.0100%1h93.239long leg$674K$2.5M20x
Vest HYPE-PERP+0.0100%1h93.247+0.009%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.238−0.001%$493K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.204−0.038%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.249+0.011%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.243+0.004%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.215−0.026%$12.7M$2.6M50xas long as short
Extended HYPE-USDshort+0.0104%1h93.232−0.007%$18.2M$41.8M50x
Kalshi KXHYPEPERP+0.0117%8h93.294+0.059%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.310+0.076%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0232%4h93.405+0.178%$1.5M$7.7M75xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.140−0.106%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0247%1h93.204−0.037%$77K$159K15xas long as short
BloFin HYPE-USDT+0.0260%4h93.211−0.030%$16.8M$12.4M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.271+0.035%$2.7M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.237−0.002%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0340%1h93.326+0.093%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.364+0.134%$20.9M$29.0M50xas long as short