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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.049%
Price spread now: HTX against Vest+0.156%7-day average +0.061% · 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)+0.169%+$17 on $10k
Price spread, last 4 days (all we have)−0.219%−$22 · spread now +0.156%, 7d avg +0.061%
Together, before fees−0.050%+ Points / potential airdropVest: Active · farm board−$5 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: HTX is 0.096% dearer against Vest than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.061%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest HYPE-PERP93.2270.0100pay 0.0013% / 1h16m 52s$243K5x
ShortHTX HYPE-USDT93.3730.0100get 0.0050% / 4h3h 16m$1.4M$6.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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: +0.156% → +0.061%
$9.57
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee HTX: 6 bp × 2 orders
−$12
Net
−$4.43
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; HTX: 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 Vest no order-book sample
Sell HTX live order book, 2 min ago1.93 bp10.8 bp −$1113.7 bp −$13754.8 bp −$5,482doesn't fit
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−0.1744%1h92.865−0.388%$194K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0303%1h92.926−0.323%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h93.202−0.027%$1.1M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.219−0.009%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0053%4h93.214−0.014%$146K$674K20xas long as short
Bullet HYPE-USD−0.0007%1h93.222−0.005%$112K$577K20xas long as short
dYdX HYPE-USD0.0000%1h93.254+0.029%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.236+0.009%$22K$293K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.234+0.007%$62K150xas long as short
Ondo Perps HYPE-USD.P+0.0016%1h93.160−0.072%$697K$1.1M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex HYPEUSDT+0.0021%8h93.229+0.002%$12.6M$2.7M50xas long as short
01 Exchange HYPEUSD+0.0024%1h93.253+0.028%$87K$365K20xas long as short
Phoenix HYPE+0.0026%1h92.923−0.326%$208K$1.2M10xas long as short
Bybit HYPEUSDT+0.0031%8h93.066−0.173%$317.4M$284.3M75xas long as short
Bitget HYPEUSDT+0.0042%4h93.070−0.169%$225.2M$99.1M75xas long as short
Popdex HYPEUSDT+0.0048%1h93.215−0.013%$76K$1.1M50xas long as short
Gate HYPE_USDT+0.0076%4h93.139−0.095%$45.3M$54.6M75xas long as short
edgeX HYPEUSDC+0.0093%4h92.807−0.451%$4.9M$29.6M30xas long as short
Lighter HYPE+0.0096%1h93.237+0.011%$16.0M$62.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.231+0.004%$3.2M$11.6M20xas long as short
Paradex HYPE-USD-PERP+0.0098%8h93.255+0.030%$339K$163K20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.260+0.035%$40K$1.7M10xas long as short
Aster HYPEUSDT+0.0100%4h93.175−0.056%$8.7M$36.4M300xas long as short
Nado HYPE-PERP+0.0100%1h93.212−0.017%$7.2M$46.2M10xas long as short
Hyperliquid HYPE+0.0100%1h93.203−0.026%$2.03B$668.2M10xas long as short
Pacifica HYPE+0.0100%1h93.256+0.031%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h93.116−0.119%$374.7M$910.5M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.062−0.177%$114.0M$305.8M50xas long as short
Bulk HYPE-USD+0.0100%1h92.709−0.556%$202K$13K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.100−0.136%$91.6M$81.3M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.149−0.084%$46.3M$18.5M75xas long as short
BingX HYPE-USDT+0.0100%4h93.090−0.147%$53.9Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.181−0.050%$7.3M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h92.839−0.417%$28.5M$57.2Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.866−0.387%$7.5M$46.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.950−0.297%$341K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h92.943−0.305%$668K$2.9M20xas long as short
Vest HYPE-PERPlong+0.0100%1h93.227long leg$243K5x
Polymarket Perps HYPE-USD+0.0100%1h93.262+0.037%$489K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.220−0.008%$79K$167K20xas long as short
Derive HYPE-PERP+0.0100%1h93.201−0.029%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.230+0.003%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.217−0.011%$2.0M$2.0M10xas long as short
HTX HYPE-USDTshort+0.0100%4h93.373+0.156%$1.4M$6.3M75x
Extended HYPE-USD+0.0104%1h93.099−0.137%$18.1M$43.6M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.219−0.009%$394K$164K20xas long as short
Kalshi KXHYPEPERP+0.0119%8h93.284+0.061%$1.8M$5.5M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.260+0.035%$4.7M$5.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0196%1h93.284+0.061%$20.8M$29.5M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h93.130−0.104%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0266%1h93.209−0.020%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h93.232+0.005%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.183−0.047%$16.8M$11.9M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0533%1h93.311+0.090%$7.5M$4.5M50xas long as short
RISEx HYPE/USDC+0.0598%1h93.289+0.066%$3.2M$6.3M20xas long as short