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 −0.009%
Price spread now: Vest against SunX+0.088%7-day average −0.071% · you sell dearer than you buy
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)−0.128%−$13 on $10k
Price spread, last 4 days (all we have)−0.197%−$20 · spread now +0.088%, 7d avg −0.071%
Together, before fees−0.325%+ Points / potential airdropVest: Active · farm board−$32 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: Vest is 0.158% dearer against SunX than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.071%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX HYPE-USDT93.2040.0100pay 0.0050% / 4h2h 30m$32K$1.6M20x
ShortVest HYPE-PERP93.2860.0100get 0.0013% / 1h30m 01s$243K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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: +0.088% → −0.071%
$15.83
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Vest: 1 bp × 2 orders
−$2
Net
$5.83
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: SunX: live order book, 5 min ago; Vest: 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 SunX live order book, 5 min ago19.34 bp24.1 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Vest no order-book sample
Vest: 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
Hibachi HYPE/USDT-P−0.1568%1h93.135−0.074%$196K$234K7xas long as short
Aftermath Perps HYPEUSD−0.0361%1h93.251+0.050%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.195−0.010%$3K$33125xas long as short
Bullet HYPE-USD−0.0059%1h93.242+0.041%$110K$578K20xas long as short
Orderly PERP_HYPE_USDC−0.0022%4h93.227+0.025%$146K$662K20xas long as short
01 Exchange HYPEUSD−0.0016%1h93.261+0.061%$87K$366K20xas long as short
dYdX HYPE-USD0.0000%1h93.219+0.016%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.2040.000%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.258+0.058%$62K150xas long as short
Arcus HYPE-USD+0.0011%1h93.184−0.021%$1.0M$4.0M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget HYPEUSDT+0.0016%4h93.294+0.097%$225.4M$99.0M75xas long as short
Bybit HYPEUSDT+0.0019%8h93.270+0.071%$316.8M$282.9M75xas long as short
Ondo Perps HYPE-USD.P+0.0026%1h93.170−0.036%$702K$1.2M10xas long as short
Phoenix HYPE+0.0026%1h93.263+0.063%$207K$1.2M10xas long as short
Phemex HYPEUSDT+0.0054%8h93.297+0.100%$12.6M$2.7M50xas long as short
edgeX HYPEUSDC+0.0088%4h93.175−0.031%$5.0M$30.0M30xas long as short
Paradex HYPE-USD-PERP+0.0094%8h93.231+0.029%$339K$162K20xas long as short
Lighter HYPE+0.0096%1h93.294+0.097%$16.1M$63.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.286+0.088%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.232+0.030%$75K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.170−0.036%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.228+0.026%$8.0M$48.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.330+0.135%$2.03B$669.0M10xas long as short
Aster HYPEUSDT+0.0100%4h93.283+0.085%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.231+0.029%$10.0M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.296+0.099%$373.8M$912.8M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.283+0.085%$114.4M$309.6M50xas long as short
Bulk HYPE-USD+0.0100%1h93.230+0.028%$215K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h93.299+0.102%$46.7M$54.3M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.297+0.100%$91.0M$81.1M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.278+0.079%$46.1M$18.9M75xas long as short
BingX HYPE-USDT+0.0100%4h93.296+0.099%$53.9Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.324+0.129%$7.3M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.131−0.079%$28.5M$56.3Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.218+0.015%$7.5M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.165−0.042%$342K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.217+0.014%$667K$2.8M20xas long as short
Vest HYPE-PERPshort+0.0100%1h93.286+0.088%$243K5x
Polymarket Perps HYPE-USD+0.0100%1h93.252+0.051%$483K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.240+0.039%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.233+0.032%$16.1M$7.4M10xas long as short
SunX HYPE-USDTlong+0.0100%4h93.204long leg$32K$1.6M20x
SoDEX HYPE-USD+0.0100%1h93.275+0.076%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.341+0.147%$1.4M$6.5M75xas long as short
Extended HYPE-USD+0.0104%1h93.229+0.027%$18.1M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.278+0.080%$394K$158K20xas long as short
Kalshi KXHYPEPERP+0.0106%8h93.313+0.117%$1.8M$5.6M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.120−0.090%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.210+0.006%$4.6M$5.8M50xas long as short
Reya HYPERUSDPERP+0.0269%1h93.231+0.029%$80K$127K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.258+0.058%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.160−0.047%$16.9M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0341%1h93.323+0.127%$20.8M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0511%1h93.361+0.168%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.276+0.077%$3.2M$6.3M20xas long as short