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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0005%/8h= −0.6% APRpaid last 24h +0.005%
Price spread now: Paradex against StandX−0.116%49s7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$170.170% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.003%$0 on $10k
Price spread, last 4 days (all we have)+0.395%+$40 · spread now −0.116%, 7d avg +0.015%
Together, before fees+0.393%+ Points / potential airdropStandX: Active · Paradex: Active · farm board+$39 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: Paradex is 0.132% cheaper against StandX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.015%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongStandX HYPE-USD93.6610.0100pay 0.0013% / 1h49m 41s$670K$2.9M20x
ShortParadex HYPE-USD-PERP93.5520.0095get 0.0095% / 8h2h 49m$340K$162K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
−$1.11
Price spread: −0.116% → +0.015%
−$13.16
Slippage, 4 orders
−$5.01
Fee StandX: 4 bp × 2 orders
−$8
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$31.28
Costs to cover
0.170%
Break-even
never at this rate
Slippage from StandX: live order book, 4 min ago; Paradex: live order book, 64 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 ago1.07 bp5.1 bp −$55.2 bp −$5211.4 bp −$1,143doesn't fit
Sell Paradex live order book, 64 min ago1.18 bp3.2 bp −$36.7 bp −$67doesn't fitdoesn'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
Hibachi HYPE/USDT-P−0.1880%1h93.511−0.161%$197K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0373%1h93.547−0.122%$22K$21K10xas long as short
Bullet HYPE-USD−0.0082%1h93.541−0.128%$112K$578K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.613−0.051%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0033%4h93.512−0.159%$146K$663K20xas long as short
01 Exchange HYPEUSD−0.0024%1h93.615−0.049%$88K$365K20xas long as short
Ondo Perps HYPE-USD.P−0.0011%1h93.580−0.086%$704K$1.2M10xas long as short
dYdX HYPE-USD0.0000%1h93.530−0.140%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.556−0.112%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.557−0.111%$62K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus HYPE-USD+0.0011%1h93.473−0.201%$1.0M$3.9M10xas long as short
Phemex HYPEUSDT+0.0018%8h93.489−0.184%$12.6M$2.7M50xas long as short
Bitget HYPEUSDT+0.0018%4h93.504−0.168%$226.2M$99.0M75xas long as short
Bybit HYPEUSDT+0.0024%8h93.510−0.161%$318.0M$283.6M75xas long as short
Phoenix HYPE+0.0026%1h93.701+0.043%$210K$1.2M10xas long as short
edgeX HYPEUSDC+0.0083%4h93.497−0.175%$5.0M$29.9M30xas long as short
Paradex HYPE-USD-PERPshort+0.0095%8h93.552−0.116%$340K$162K20x
Lighter HYPE+0.0096%1h93.522−0.149%$16.2M$63.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.522−0.148%$3.1M$11.4M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.600−0.065%$77K$1.1M50xas long as short
Katana Perps HYPE-USD+0.0099%8h93.580−0.086%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.597−0.068%$7.6M$48.3M10xas long as short
Hyperliquid HYPE+0.0100%1h93.567−0.100%$2.04B$666.3M10xas long as short
Aster HYPEUSDT+0.0100%4h93.512−0.159%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.547−0.122%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.501−0.171%$374.9M$911.1M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.510−0.161%$114.7M$309.3M50xas long as short
Bulk HYPE-USD+0.0100%1h93.614−0.050%$204K$3K10xas long as short
Gate HYPE_USDT+0.0100%4h93.512−0.159%$46.4M$54.0M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.508−0.163%$92.0M$80.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.522−0.148%$46.8M$18.7M75xas long as short
BingX HYPE-USDT+0.0100%4h93.498−0.174%$54.0Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.516−0.155%$7.3M$10.8M20xas long as short
Variational Omni HYPE+0.0100%8h93.649−0.013%$28.7M$56.6Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.576−0.091%$7.5M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.516−0.155%$343K$1.0M50xas long as short
StandX HYPE-USDlong+0.0100%1h93.661long leg$670K$2.9M20x
Vest HYPE-PERP+0.0100%1h93.647−0.015%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.602−0.063%$490K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.493−0.179%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.486−0.187%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.580−0.086%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.463−0.211%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.650−0.012%$1.4M$6.4M75xas long as short
Extended HYPE-USD+0.0104%1h93.472−0.202%$18.2M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.526−0.144%$395K$161K20xas long as short
Kalshi KXHYPEPERP+0.0120%8h93.666+0.005%$1.8M$5.6M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.570−0.097%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.550−0.119%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0268%1h93.544−0.125%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.548−0.120%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.673+0.013%$16.9M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0341%1h93.526−0.144%$20.8M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0381%1h93.572−0.095%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.666+0.005%$3.2M$6.3M20xas long as short