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 −0.007%
Price spread now: BingX against Vest−0.126%7-day average −0.013% · 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 3 days (all we have)+0.065%+$7 on $10k
Price spread, last 4 days (all we have)−0.028%−$3 · spread now −0.126%, 7d avg −0.013%
Together, before fees+0.037%+ Points / potential airdropVest: Active · farm board+$4 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: BingX is 0.113% cheaper against Vest than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest HYPE-PERP93.2270.0100pay 0.0013% / 1h27m 50s$243K5x
ShortBingX HYPE-USDT93.1100.0100get 0.0050% / 4h2h 27m$53.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Vest. 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: −0.126% → −0.013%
−$11.28
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee BingX: 5 bp × 2 orders
−$10
Net
−$23.28
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; BingX: live order book, 11 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 Vest no order-book sample
Sell BingX live order book, 11 min ago0.22 bp6.1 bp −$67.7 bp −$7712.9 bp −$1,29318.5 bp −$9,227
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−0.1512%1h93.260+0.035%$197K$237K7xas long as short
Aftermath Perps HYPEUSD−0.0368%1h93.253+0.027%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.2270.000%$3K$33125xas long as short
Bullet HYPE-USD−0.0066%1h93.099−0.138%$111K$580K20xas long as short
Orderly PERP_HYPE_USDC−0.0023%4h93.130−0.104%$146K$663K20xas long as short
01 Exchange HYPEUSD−0.0008%1h93.174−0.057%$87K$365K20xas long as short
dYdX HYPE-USD0.0000%1h93.139−0.095%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.155−0.078%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.135−0.099%$62K150xas long as short
Arcus HYPE-USD+0.0011%1h93.126−0.109%$1.0M$3.9M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget HYPEUSDT+0.0014%4h93.110−0.126%$225.0M$98.8M75xas long as short
Bybit HYPEUSDT+0.0017%8h93.120−0.115%$316.4M$282.7M75xas long as short
Ondo Perps HYPE-USD.P+0.0022%1h93.160−0.072%$702K$1.2M10xas long as short
Phoenix HYPE+0.0026%1h93.282+0.059%$207K$1.2M10xas long as short
Phemex HYPEUSDT+0.0054%8h93.159−0.073%$12.7M$2.8M50xas long as short
edgeX HYPEUSDC+0.0088%4h93.175−0.056%$5.0M$30.0M30xas long as short
Paradex HYPE-USD-PERP+0.0094%8h93.200−0.030%$339K$157K20xas long as short
Lighter HYPE+0.0096%1h93.134−0.100%$16.1M$63.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.133−0.101%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.143−0.091%$75K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.170−0.062%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.147−0.087%$7.9M$48.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.168−0.064%$2.03B$669.2M10xas long as short
Aster HYPEUSDT+0.0100%4h93.120−0.115%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.171−0.060%$10.0M$15.3M20xas long as short
Binance HYPEUSDT+0.0100%4h93.125−0.110%$373.2M$912.1M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.110−0.126%$114.2M$308.7M50xas long as short
Bulk HYPE-USD+0.0100%1h93.230+0.003%$215K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h93.111−0.125%$46.7M$54.3M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.120−0.115%$90.8M$81.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.118−0.117%$46.0M$18.9M75xas long as short
BingX HYPE-USDTshort+0.0100%4h93.110−0.126%$53.9M
Backpack HYPE_USDC_PERP+0.0100%1h93.158−0.074%$7.3M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.131−0.104%$28.5M$56.3Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.193−0.037%$7.5M$47.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.165−0.067%$342K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.238+0.011%$667K$2.8M20xas long as short
Vest HYPE-PERPlong+0.0100%1h93.227long leg$243K5x
Polymarket Perps HYPE-USD+0.0100%1h93.151−0.082%$483K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.124−0.111%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.106−0.130%$16.1M$7.4M10xas long as short
SunX HYPE-USDT+0.0100%4h93.158−0.074%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.129−0.106%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.300+0.078%$1.4M$6.5M75xas long as short
Extended HYPE-USD+0.0104%1h93.084−0.153%$18.1M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.125−0.110%$394K$158K20xas long as short
Kalshi KXHYPEPERP+0.0109%8h93.220−0.008%$1.8M$5.6M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.190−0.040%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.170−0.062%$4.6M$5.8M50xas long as short
Reya HYPERUSDPERP+0.0269%1h93.118−0.118%$80K$127K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.143−0.090%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.309+0.088%$16.8M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0342%1h93.190−0.040%$20.8M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0480%1h93.221−0.007%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.213−0.015%$3.2M$6.3M20xas long as short