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 −0.002%
Price spread now: ApeX Omni against Variational Omni+0.132%7-day average +0.017% · 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 4 days (all we have)+0.004%$0 on $10k
Price spread, last 7 days−0.165%−$17 · spread now +0.132%, 7d avg +0.017%
Together, before fees−0.161%+ Points / potential airdropVariational Omni: Active · farm board−$16 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: ApeX Omni is 0.115% dearer against Variational Omni than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni HYPE94.0280.0100pay 0.0100% / 8h1h 57m$28.8M$56.5M
ShortApeX Omni HYPEUSDT94.1520.0100get 0.0013% / 1h57m 38s$344K$1.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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: +0.132% → +0.017%
$11.5
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$1.5
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; ApeX Omni: live order book, 1 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 Variational Omni RFQ quote, 2 min ago0.45 bpdoesn't fit5.3 bp −$5320.4 bp −$2,036doesn't fit
Sell ApeX Omni live order book, 1 min ago3.30 bp8.3 bp −$811.4 bp −$114doesn'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−0.1256%1h93.851−0.188%$200K$242K7xas long as short
Aftermath Perps HYPEUSD−0.0276%1h94.143+0.123%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.992−0.038%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0056%1h93.813−0.228%$86K$372K20xas long as short
Ondo Perps HYPE-USD.P−0.0035%1h93.700−0.348%$709K$1.2M10xas long as short
Orderly PERP_HYPE_USDC−0.0016%4h93.764−0.280%$150K$680K20xas long as short
dYdX HYPE-USD0.0000%1h93.897−0.139%$129K$29K5xas long as short
Perpl HYPE0.0000%43m93.809−0.232%$22K$285K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.828−0.212%$63K150xas long as short
BingX HYPE-USDT+0.0014%4h93.779−0.264%$53.8Mas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit HYPEUSDT+0.0018%8h93.780−0.263%$317.0M$287.3M75xas long as short
Phoenix HYPE+0.0026%1h94.145+0.125%$209K$1.1M10xas long as short
Bluefin HYPE-PERP+0.0027%1h93.785−0.258%$79K$166K20xas long as short
Bitget HYPEUSDT+0.0040%4h93.776−0.268%$226.1M$99.3M75xas long as short
Phemex HYPEUSDT+0.0054%8h93.817−0.224%$12.8M$2.8M50xas long as short
edgeX HYPEUSDC+0.0080%4h93.922−0.112%$5.0M$30.4M30xas long as short
Arcus HYPE-USD+0.0084%1h93.772−0.272%$1.0M$4.0M10xas long as short
SoDEX HYPE-USD+0.0088%1h93.785−0.258%$2.0M$1.9M10xas long as short
Paradex HYPE-USD-PERP+0.0092%8h93.883−0.154%$341K$158K20xas long as short
Lighter HYPE+0.0096%1h93.836−0.204%$16.2M$63.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.823−0.218%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.791−0.252%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.780−0.263%$22K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.778−0.266%$6.2M$50.3M10xas long as short
Hyperliquid HYPE+0.0100%1h93.950−0.083%$2.06B$683.0M10xas long as short
Aster HYPEUSDT+0.0100%4h93.788−0.255%$8.9M$37.2M300xas long as short
Pacifica HYPE+0.0100%1h93.855−0.184%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.801−0.241%$377.1M$928.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.794−0.248%$115.8M$316.5M50xas long as short
Bulk HYPE-USD+0.0100%1h94.213+0.198%$217K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h93.785−0.258%$48.3M$54.7M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.835−0.205%$88.0M$82.8M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.874−0.163%$46.3M$18.9M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.799−0.243%$7.2M$10.8M20xas long as short
Variational Omni HYPElong+0.0100%8h94.028long leg$28.8M$56.5M
GRVT HYPE_USDT_Perp+0.0100%4h94.099+0.076%$7.7M$48.1M10xas long as short
ApeX Omni HYPEUSDTshort+0.0100%1h94.152+0.132%$344K$1.0M50x
StandX HYPE-USD+0.0100%1h93.875−0.162%$680K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.931−0.103%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.907−0.128%$477K$2.8M20xas long as short
Bullet HYPE-USD+0.0100%1h93.812−0.229%$112K$581K20xas long as short
Derive HYPE-PERP+0.0100%1h93.782−0.261%$16.4M$7.4M10xas long as short
SunX HYPE-USDT+0.0100%4h93.888−0.148%$32K$1.6M20xas long as short
HTX HYPE-USDT+0.0100%4h93.950−0.083%$1.4M$6.7M75xas long as short
Extended HYPE-USD+0.0104%1h93.742−0.303%$18.3M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.797−0.245%$396K$159K20xas long as short
Kalshi KXHYPEPERP+0.0111%8h93.863−0.175%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.830−0.210%$4.7M$6.1M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.860−0.178%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0270%1h93.797−0.245%$77K$130K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0315%1h93.880−0.157%$7.4M$4.2M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h93.835−0.205%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.949−0.084%$17.0M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0414%1h93.840−0.199%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.814−0.227%$3.2M$6.4M20xas long as short