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 22:00 UTC−0.0089%/8h= −9.8% APRpaid last 24h +0.047%
Price spread now: Aster against Arcus+0.015%7-day average +0.006% · 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−$16as in the Price arb table
costs, in and out, $10k−$170.168% of the position
Long on ArcusShort on Aster
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.057%+$6 on $10k
Price spread, last 7 days−0.042%−$4 · spread now +0.015%, 7d avg +0.006%
Together, before fees+0.015%+ Points / potential airdropAster: Stage 5 · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.057%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus HYPE-USD93.3890.0100pay 0.0013% / 1h40m 29s$1.2M$4.0M10x
ShortAster HYPEUSDT93.4030.0011get 0.0005% / 4h2h 40m$8.9M$35.9M300x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Arcus. 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
−$18.75
Price spread: +0.015% → +0.006%
$0.93
Slippage, 4 orders
−$4.26
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Aster: 4 bp × 2 orders
−$8
Net
−$34.58
Costs to cover
0.168%
Break-even
never at this rate
Slippage from Arcus: live order book, 4 min ago; Aster: live order book, 4 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 Arcus live order book, 4 min ago0.43 bp3.5 bp −$44.2 bp −$4218.6 bp −$1,856doesn't fit
Sell Aster live order book, 4 min ago0.38 bp5.3 bp −$55.8 bp −$5813.4 bp −$1,336doesn'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−0.1200%1h93.360−0.031%$197K$233K7xas long as short
Ondo Perps HYPE-USD.P−0.0250%1h93.330−0.063%$700K$943K10xas long as short
Aftermath Perps HYPEUSD−0.0208%1h93.390+0.001%$22K$22K10xas long as short
01 Exchange HYPEUSD−0.0088%1h93.425+0.039%$89K$345K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.404+0.016%$3K$33125xas long as short
dYdX HYPE-USD0.0000%1h93.398+0.010%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.397+0.009%$23K$343K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.421+0.035%$20K—150xas long as short
Derive HYPE-PERP+0.0003%1h93.349−0.043%$16.4M$7.1M10xas long as short
Aster HYPEUSDTshort+0.0011%4h93.403+0.015%$8.9M$35.9M300x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HYPE_USDT+0.0014%4h93.410+0.022%$44.1M$56.5M75xas long as short
Bullet HYPE-USD+0.0029%1h93.376−0.013%$112K$582K20xas long as short
Bybit HYPEUSDT+0.0037%8h93.400+0.012%$325.4M$287.8M75xas long as short
Phoenix HYPE+0.0068%1h93.527+0.148%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0073%4h93.393+0.004%$180K$529K20xas long as short
Popdex HYPEUSDT+0.0088%1h93.406+0.018%$56K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.470+0.086%$18.5M$59.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.435+0.049%$3.1M$12.3M20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.450+0.065%$40K$1.7M10xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.449+0.064%$339K$171K20xas long as short
Nado HYPE-PERP+0.0100%1h93.406+0.018%$6.0M$44.2M10xas long as short
Hyperliquid HYPE+0.0100%1h93.474+0.091%$2.03B$670.0M10xas long as short
Pacifica HYPE+0.0100%1h93.430+0.044%$10.0M$14.5M20xas long as short
Binance HYPEUSDT+0.0100%4h93.420+0.033%$385.6M$888.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.401+0.013%$114.8M$315.4M50xas long as short
Arcus HYPE-USDlong+0.0100%1h93.389long leg$1.2M$4.0M10x
Bulk HYPE-USD+0.0100%1h93.403+0.015%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.403+0.015%$92.7M$82.0M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.436+0.050%$46.3M$19.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.432+0.046%$226.8M$102.1M75xas long as short
BingX HYPE-USDT+0.0100%4h93.401+0.013%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.440+0.055%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.375−0.014%$28.9M$49.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.413+0.026%$7.5M$45.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.428+0.042%$406K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.428+0.042%$675K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.446+0.061%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.446+0.061%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.403+0.015%$76K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h93.408+0.020%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.382−0.007%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.407+0.019%$12.7M$2.6M50xas long as short
Kalshi KXHYPEPERP+0.0103%8h93.473+0.090%$1.9M$5.4M2.3xas long as short
Extended HYPE-USD+0.0104%1h93.401+0.013%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.355−0.036%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0117%4h93.402+0.014%$5.1M$29.6M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.510+0.130%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.417+0.030%$78K$158K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0253%1h93.489+0.107%$7.4M$4.6M50xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.270−0.127%$30K$231K12xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0165%1h93.431+0.045%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.348−0.044%$17.1M$12.5M75xas long as short
HTX HYPE-USDT+0.0357%4h93.556+0.179%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.477+0.094%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.477+0.095%$19.2M$25.9M50xas long as short