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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%
Price spread now: MEXC against Vest+0.016%49s7-day average +0.009% · 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)+0.123%+$12 on $10k
Price spread, last 3 days (all we have)−0.527%−$53 · spread now +0.016%, 7d avg +0.009%
Together, before fees−0.405%+ Points / potential airdropVest: Active · farm board−$40 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest HYPE-PERP93.6820.0100pay 0.0013% / 1h31m 44s$454K5x
ShortMEXC HYPE_USDT93.6970.0100get 0.0050% / 4h3h 31m$90.6M$81.8M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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: +0.016% → +0.009%
$0.71
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$5.29
Costs to cover
0.060%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; MEXC: live order book, 3 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 MEXC live order book, 3 min ago0.05 bp2.2 bp −$23.8 bp −$3813.4 bp −$1,34535.9 bp −$17.9K
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−0.1320%1h93.395−0.306%$196K$237K7xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.681−0.001%$3K$33125xas long as short
Aftermath Perps HYPEUSD−0.0046%1h93.390−0.312%$22K$22K10xas long as short
dYdX HYPE-USD0.0000%1h93.723+0.044%$128K$33K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.812+0.139%$1.9M$5.3M2.3xas long as short
Perpl HYPE0.0000%43m93.693+0.012%$23K$352K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0005%1h93.650−0.034%$44K150xas long as short
01 Exchange HYPEUSD+0.0016%1h93.688+0.007%$89K$327K20xas long as short
Gate HYPE_USDT+0.0020%4h93.709+0.029%$44.2M$56.1M75xas long as short
Aster HYPEUSDT+0.0026%4h93.721+0.042%$9.0M$36.5M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit HYPEUSDT+0.0056%8h93.689+0.008%$326.1M$285.1M75xas long as short
Kraken Futures PF_HYPEUSD+0.0066%1h93.838+0.167%$18.6M$24.0M50xas long as short
Orderly PERP_HYPE_USDC+0.0093%4h93.709+0.029%$182K$505K20xas long as short
Phoenix HYPE+0.0094%1h93.461−0.236%$205K$1.1M10xas long as short
Lighter HYPE+0.0096%1h93.722+0.043%$18.9M$57.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.729+0.050%$3.1M$12.4M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.666−0.017%$56K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.710+0.030%$25K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.703+0.023%$6.0M$44.2M10xas long as short
Pacifica HYPE+0.0100%1h93.729+0.050%$10.0M$14.3M20xas long as short
Binance HYPEUSDT+0.0100%4h93.715+0.035%$390.4M$877.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.705+0.025%$114.7M$316.3M50xas long as short
Ondo Perps HYPE-USD.P+0.0100%1h93.630−0.055%$701K$951K10xas long as short
Arcus HYPE-USD+0.0100%1h93.643−0.041%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.684+0.003%$205K$9K10xas long as short
MEXC HYPE_USDTshort+0.0100%4h93.697+0.016%$90.6M$81.8M100x
KuCoin HYPEUSDTM+0.0100%4h93.710+0.030%$46.5M$19.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.701+0.020%$227.2M$102.3M75xas long as short
BingX HYPE-USDT+0.0100%4h93.721+0.042%$54.4Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.750+0.073%$8.0M$11.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.336−0.369%$28.7M$49.0Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.371−0.332%$7.5M$45.4M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.462−0.235%$457K$934K50xas long as short
StandX HYPE-USD+0.0100%1h93.497−0.197%$676K$2.3M20xas long as short
Vest HYPE-PERPlong+0.0100%1h93.682long leg$454K5x
Polymarket Perps HYPE-USD+0.0100%1h93.703+0.023%$468K$2.6M20xas long as short
Bullet HYPE-USD+0.0100%1h93.647−0.037%$112K$574K20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.716+0.037%$76K$169K20xas long as short
Derive HYPE-PERP+0.0100%1h93.689+0.008%$16.4M$6.9M10xas long as short
SunX HYPE-USDT+0.0100%4h93.672−0.010%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.710+0.030%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.677−0.005%$12.7M$2.5M50xas long as short
Paradex HYPE-USD-PERP+0.0101%8h93.745+0.067%$342K$171K20xas long as short
Extended HYPE-USD+0.0104%1h93.698+0.018%$18.2M$40.6M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.714+0.034%$399K$318K20xas long as short
edgeX HYPEUSDC+0.0110%4h93.333−0.372%$5.0M$28.8M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.700+0.019%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0243%1h93.644−0.040%$77K$157K15xas long as short
Injective HYPE/USDC PERP+0.0254%1h93.730+0.051%$30K$182K12xas long as short
Hyperliquid HYPE+0.0309%1h93.799+0.125%$2.04B$660.3M10xas long as short
BloFin HYPE-USDT+0.0340%4h93.601−0.086%$17.3M$12.3M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0342% / S −0.0168%1h93.631−0.055%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0390%1h93.814+0.141%$7.4M$4.6M50xas long as short
RISEx HYPE/USDC+0.0422%1h93.746+0.069%$2.8M$6.7M20xas long as short
HTX HYPE-USDT+0.0476%4h93.900+0.233%$1.5M$7.5M75xas long as short