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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Variational Omni against SunX−0.042%45s7-day average −0.087% · 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 4 days (all we have)−0.005%−$1 on $10k
Price spread, last 4 days (all we have)−0.062%−$6 · spread now −0.042%, 7d avg −0.087%
Together, before fees−0.067%+ Points / potential airdropVariational Omni: Active · farm board−$7 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: Variational Omni is 0.045% dearer against SunX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.087%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX HYPE-USDT93.3580.0100pay 0.0050% / 4h3h 02m$32K$1.6M20x
ShortVariational Omni HYPE93.3190.0100get 0.0100% / 8h3h 02m$28.8M$56.7M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against SunX. 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: −0.042% → −0.087%
$4.5
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$3.5
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 13 min ago; Variational Omni: RFQ quote, 2 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 SunX live order book, 13 min ago19.35 bp24.1 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 2 min ago0.43 bpdoesn't fit4.9 bp −$4920.8 bp −$2,080doesn'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%1h93.444+0.092%$197K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0325%1h93.243−0.124%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h93.213−0.155%$1.0M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.324−0.036%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0045%4h93.313−0.048%$146K$670K20xas long as short
Ondo Perps HYPE-USD.P−0.0014%1h93.240−0.126%$702K$1.2M10xas long as short
Bullet HYPE-USD−0.0010%1h93.233−0.134%$111K$578K20xas long as short
dYdX HYPE-USD0.0000%1h93.328−0.032%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.277−0.087%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.279−0.084%$62K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange HYPEUSD+0.0016%1h93.249−0.117%$87K$366K20xas long as short
Phemex HYPEUSDT+0.0022%8h93.349−0.010%$12.6M$2.7M50xas long as short
Bybit HYPEUSDT+0.0024%8h93.223−0.145%$317.3M$284.2M75xas long as short
Phoenix HYPE+0.0026%1h93.446+0.094%$209K$1.2M10xas long as short
Bitget HYPEUSDT+0.0028%4h93.240−0.126%$225.6M$99.0M75xas long as short
Gate HYPE_USDT+0.0050%4h93.246−0.120%$45.8M$55.2M75xas long as short
Popdex HYPEUSDT+0.0056%1h93.232−0.135%$76K$1.1M50xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.303−0.059%$339K$162K20xas long as short
Lighter HYPE+0.0096%1h93.274−0.090%$16.0M$63.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.279−0.085%$3.1M$11.7M20xas long as short
edgeX HYPEUSDC+0.0098%4h93.361+0.003%$5.0M$29.8M30xas long as short
Katana Perps HYPE-USD+0.0099%8h93.240−0.126%$12K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.264−0.100%$6.8M$47.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.287−0.076%$2.03B$665.9M10xas long as short
Aster HYPEUSDT+0.0100%4h93.268−0.097%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.267−0.098%$10.0M$15.3M20xas long as short
Binance HYPEUSDT+0.0100%4h93.247−0.119%$374.1M$910.0M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.231−0.136%$114.5M$305.7M50xas long as short
Bulk HYPE-USD+0.0100%1h93.328−0.032%$203K$3K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.238−0.129%$91.7M$81.7M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.241−0.125%$46.1M$18.6M75xas long as short
BingX HYPE-USDT+0.0100%4h93.230−0.137%$53.8Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.352−0.006%$7.3M$11.1M20xas long as short
Variational Omni HYPEshort+0.0100%8h93.319−0.042%$28.8M$56.7M
GRVT HYPE_USDT_Perp+0.0100%4h93.407+0.052%$7.5M$47.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.261−0.104%$342K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.424+0.071%$668K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.318−0.043%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.270−0.094%$489K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.302−0.060%$79K$167K20xas long as short
Derive HYPE-PERP+0.0100%1h93.303−0.059%$16.1M$7.5M10xas long as short
SunX HYPE-USDTlong+0.0100%4h93.358long leg$32K$1.6M20x
SoDEX HYPE-USD+0.0100%1h93.320−0.041%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.487+0.138%$1.4M$6.4M75xas long as short
Extended HYPE-USD+0.0104%1h93.206−0.163%$18.1M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.324−0.036%$395K$164K20xas long as short
Kalshi KXHYPEPERP+0.0140%8h93.425+0.072%$1.8M$5.5M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.390+0.034%$4.8M$5.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0196%1h93.397+0.042%$20.7M$29.5M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h93.360+0.002%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0267%1h93.238−0.129%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.266−0.098%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.308−0.054%$16.8M$11.9M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0446%1h93.412+0.058%$7.5M$4.3M50xas long as short
RISEx HYPE/USDC+0.0598%1h93.303−0.059%$3.2M$6.3M20xas long as short