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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 04:00 UTC−0.0146%/8h= −16.0% APRpaid last 24h −0.033%
Price spread now: Gate against Variational Omni+0.115%7-day average +0.014% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Gate
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.038%−$4 on $10k
Price spread, last 7 days−0.097%−$10 · spread now +0.115%, 7d avg +0.014%
Together, before fees−0.134%+ Points / potential airdropVariational Omni: Active · farm board−$13 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.101% dearer against Variational Omni than usual: you sell high and buy low (spread +0.115% now, against its 7-day average of +0.014%): +$10 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 3 days (−0.038% in total) that is about 9.0 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni HYPE93.8100.0100pay 0.0100% / 8h7h 11m$31.4M$54.1M—
ShortGate HYPE_USDT93.918−0.0046pay 0.0023% / 4h3h 11m$44.5M$60.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
−$30.66
Price spread: +0.115% → +0.014%
$10.06
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$35.6
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Gate: live order book, 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 Variational Omni RFQ quote, 2 min ago0.43 bpdoesn't fit4.9 bp −$4918.2 bp −$1,817doesn't fit
Sell Gate live order book, 2 min ago0.53 bp10.9 bp −$1116.0 bp −$16034.0 bp −$3,40554.8 bp −$27.4K

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−0.1200%1h94.014+0.217%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.881+0.075%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0208%1h93.960+0.160%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0115%1h93.930+0.127%$708K$960K10xas long as short
Phemex HYPEUSDT−0.0110%8h93.928+0.125%$12.8M$2.6M50xas long as short
dYdX HYPE-USD−0.0094%1h94.002+0.204%$129K$31K5xas long as short
01 Exchange HYPEUSD−0.0080%1h93.984+0.185%$86K$359K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.988+0.189%$3K$33125xas long as short
Bullet HYPE-USD−0.0061%1h93.964+0.163%$113K$581K20xas long as short
Gate HYPE_USDTshort−0.0046%4h93.918+0.115%$44.5M$60.3M75x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_HYPE_USDC−0.0028%4h93.935+0.133%$159K$644K20xas long as short
Bybit HYPEUSDT−0.0007%8h93.920+0.117%$323.3M$280.2M75xas long as short
Perpl HYPE0.0000%43m93.993+0.195%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.990+0.191%$26K—150xas long as short
Aster HYPEUSDT+0.0013%4h93.957+0.157%$8.9M$36.1M300xas long as short
Derive HYPE-PERP+0.0017%1h93.907+0.103%$16.4M$7.3M10xas long as short
Phoenix HYPE+0.0034%1h93.678−0.141%$218K$1.2M10xas long as short
MEXC HYPE_USDT+0.0050%4h93.930+0.127%$88.5M$83.3M100xas long as short
Binance HYPEUSDT+0.0054%4h93.924+0.121%$383.4M$894.7M75xas long as short
edgeX HYPEUSDC+0.0058%4h93.999+0.201%$5.1M$30.1M30xas long as short
OKX HYPE-USDT-SWAP+0.0074%8h93.929+0.126%$116.1M$315.8M50xas long as short
Lighter HYPE+0.0096%1h93.990+0.192%$19.0M$60.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.961+0.160%$3.0M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.977+0.178%$65K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.955+0.154%$400K$180K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h94.020+0.223%$341K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.970+0.170%$29K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.979+0.180%$6.6M$44.7M10xas long as short
Hyperliquid HYPE+0.0100%1h94.002+0.204%$2.05B$676.5M10xas long as short
Pacifica HYPE+0.0100%1h94.020+0.223%$10.2M$14.6M20xas long as short
Bulk HYPE-USD+0.0100%1h93.528−0.301%$204K$12K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.938+0.136%$46.6M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.930+0.127%$227.5M$100.5M75xas long as short
BingX HYPE-USDT+0.0100%4h93.921+0.118%—$54.1M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.947+0.146%$7.7M$10.3M20xas long as short
Variational Omni HYPElong+0.0100%8h93.810long leg$31.4M$54.1M—
GRVT HYPE_USDT_Perp+0.0100%4h94.085+0.292%$7.6M$46.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.061+0.267%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h94.040+0.245%$671K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h94.024+0.228%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.005+0.207%$475K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.952+0.151%$76K$170K20xas long as short
SunX HYPE-USDT+0.0100%4h94.026+0.230%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.953+0.152%$2.0M$2.0M10xas long as short
Extended HYPE-USD+0.0104%1h93.901+0.096%$18.4M$45.3M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h94.000+0.202%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.930+0.127%$31K$338K12xas long as short
BloFin HYPE-USDT+0.0205%4h94.015+0.218%$17.0M$12.1M75xas long as short
RISEx HYPE/USDC+0.0222%1h94.008+0.211%$2.7M$6.7M20xas long as short
Kalshi KXHYPEPERP+0.0237%8h94.046+0.251%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0252%1h93.953+0.152%$79K$143K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0335% / S −0.0158%1h93.985+0.186%$1.4M—100xas long as short
HTX HYPE-USDT+0.0375%4h94.150+0.362%$1.5M$6.0M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0463%1h94.051+0.256%$7.5M$4.7M50xas long as short
Kraken Futures PF_HYPEUSD+0.0671%1h94.041+0.246%$21.0M$29.8M50xas long as short