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 01:00 UTC+0.0204%/8h= +22.3% APRpaid last 24h +0.019%
Price spread now: KuCoin against 01 Exchange+0.056%7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$350.351% of the position
Long on 01 ExchangeShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.024%+$2 on $10k
Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.056%, 7d avg −0.034%
Together, before fees−0.038%−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and KuCoin is 0.090% dearer against 01 Exchange than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.034%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.024% in total (about 2.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange HYPEUSD93.892−0.0104get 0.0013% / 1h50m 50s$85K$365K20x
ShortKuCoin HYPEUSDTM93.9450.0100get 0.0050% / 4h3h 50m$46.5M$18.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against 01 Exchange. 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
$42.84
Price spread: +0.056% → −0.034%
$9.02
Slippage, 4 orders
−$16.08
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$16.78
Costs to cover
0.351%
Break-even
4.3 days
Slippage from 01 Exchange: live order book, 23 min ago; KuCoin: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange live order book, 23 min ago0.16 bp6.9 bp −$711.0 bp −$110doesn't fitdoesn't fit
Sell KuCoin live order book, 8 min ago0.27 bp10.1 bp −$1014.8 bp −$148doesn'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−0.1384%1h93.992+0.107%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.793−0.105%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0301%1h93.952+0.064%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0170%1h93.850−0.045%$705K$928K10xas long as short
Gate HYPE_USDT−0.0142%4h93.8920.000%$44.4M$59.1M75xas long as short
dYdX HYPE-USD−0.0115%1h93.917+0.026%$128K$29K5xas long as short
Bullet HYPE-USD−0.0114%1h93.931+0.042%$113K$580K20xas long as short
01 Exchange HYPEUSDlong−0.0104%1h93.892long leg$85K$365K20x
Phemex HYPEUSDT−0.0098%8h93.888−0.004%$12.8M$2.6M50xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.950+0.062%$3K$33125xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit HYPEUSDT−0.0060%8h93.890−0.002%$322.9M$283.4M75xas long as short
Orderly PERP_HYPE_USDC−0.0010%4h93.920+0.030%$169K$594K20xas long as short
Derive HYPE-PERP0.0000%1h93.867−0.027%$16.4M$7.2M10xas long as short
Perpl HYPE0.0000%43m93.937+0.048%$23K$329K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.962+0.075%$27K—150xas long as short
Aster HYPEUSDT+0.0019%4h93.916+0.025%$8.9M$36.1M300xas long as short
Phoenix HYPE+0.0034%1h93.829−0.067%$218K$1.2M10xas long as short
edgeX HYPEUSDC+0.0042%4h93.948+0.060%$5.1M$29.8M30xas long as short
MEXC HYPE_USDT+0.0044%4h93.898+0.006%$88.1M$81.9M100xas long as short
Binance HYPEUSDT+0.0045%4h93.897+0.005%$383.4M$896.7M75xas long as short
Popdex HYPEUSDT+0.0064%1h93.873−0.020%$60K$1.2M50xas long as short
OKX HYPE-USDT-SWAP+0.0082%8h93.891−0.001%$115.9M$321.1M50xas long as short
Aevo HYPE-PERP+0.0088%1h93.874−0.020%$399K$191K20xas long as short
Lighter HYPE+0.0096%1h93.982+0.095%$18.9M$58.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.914+0.023%$3.0M$12.0M20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.944+0.056%$341K$171K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.880−0.013%$39K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.890−0.002%$6.6M$44.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.996+0.111%$2.05B$675.5M10xas long as short
Pacifica HYPE+0.0100%1h93.921+0.031%$10.1M$14.6M20xas long as short
KuCoin HYPEUSDTMshort+0.0100%4h93.945+0.056%$46.5M$18.4M75x
Bitget HYPEUSDT+0.0100%4h93.894+0.002%$227.7M$101.9M75xas long as short
BingX HYPE-USDT+0.0100%4h93.889−0.003%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.916+0.026%$7.7M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.890−0.002%$31.3M$54.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.981+0.095%$7.6M$45.4M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.029+0.146%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h94.057+0.176%$680K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.943+0.055%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.936+0.047%$480K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.920+0.030%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h93.995+0.110%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.917+0.027%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.944+0.055%$205K$6K10xas long as short
Extended HYPE-USD+0.0104%1h93.878−0.015%$18.4M$42.5M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.990+0.104%$4.9M$5.5M50xas long as short
Kalshi KXHYPEPERP+0.0169%8h93.984+0.098%$1.9M$5.1M2.3xas long as short
BloFin HYPE-USDT+0.0179%4h93.916+0.026%$17.0M$12.3M75xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.810−0.087%$31K$338K12xas long as short
RISEx HYPE/USDC+0.0222%1h93.921+0.031%$2.8M$6.8M20xas long as short
Reya HYPERUSDPERP+0.0250%1h93.909+0.018%$79K$146K15xas long as short
HTX HYPE-USDT+0.0309%4h94.088+0.209%$1.5M$7.4M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0157%1h93.964+0.076%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0367%1h94.019+0.135%$7.5M$4.7M50xas long as short
Kraken Futures PF_HYPEUSD+0.0672%1h94.006+0.122%$21.0M$29.7M50xas long as short