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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.018%
Price spread now: Aevo against Aster0.000%49s7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$390.386% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.054%+$5 on $10k
Price spread, last 4 days (all we have)−0.415%−$42 · spread now 0.000%, 7d avg +0.010%
Together, before fees−0.361%+ Points / potential airdropAster: Stage 5 · farm board−$36 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster HYPEUSDT93.5480.0018pay 0.0009% / 4h1h 44m$8.8M$35.6M300x
ShortAevo HYPE-PERP93.5490.0104get 0.0013% / 1h44m 34s$398K$170K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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
$17.99
Price spread: 0.000% → +0.010%
−$0.98
Slippage, 4 orders
−$14.63
Fee Aster: 4 bp × 2 orders
−$8
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$21.62
Costs to cover
0.386%
Break-even
15.4 days
Slippage from Aster: live order book, 4 min ago; Aevo: live order book, 19 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 Aster live order book, 4 min ago0.38 bp4.4 bp −$45.0 bp −$5011.4 bp −$1,136doesn't fit
Sell Aevo live order book, 19 min ago3.81 bp14.3 bp −$1415.4 bp −$15417.9 bp −$1,795doesn'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−0.1208%1h93.237−0.333%$196K$226K7xas long as short
Arcus HYPE-USD−0.0899%1h93.382−0.178%$1.2M$3.8M10xas long as short
Bluefin HYPE-PERP−0.0165%1h93.531−0.019%$79K$170K20xas long as short
Phemex HYPEUSDT−0.0103%8h93.518−0.032%$12.6M$2.7M50xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.486−0.067%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0047%4h93.549+0.001%$156K$629K20xas long as short
Aftermath Perps HYPEUSD−0.0034%1h93.339−0.224%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0032%1h93.485−0.068%$85K$346K20xas long as short
Ondo Perps HYPE-USD.P−0.0004%1h93.420−0.137%$698K$978K10xas long as short
dYdX HYPE-USD0.0000%1h93.524−0.026%$128K$31K5xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.551+0.003%$23K$322K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.576+0.029%$62K150xas long as short
BingX HYPE-USDT+0.0008%4h93.481−0.072%$53.1Mas long as short
Aster HYPEUSDTlong+0.0018%4h93.548long leg$8.8M$35.6M300x
Phoenix HYPE+0.0026%1h93.418−0.139%$213K$1.2M10xas long as short
Bybit HYPEUSDT+0.0033%8h93.470−0.084%$322.8M$276.7M75xas long as short
Gate HYPE_USDT+0.0054%4h93.470−0.084%$44.6M$54.6M75xas long as short
Bullet HYPE-USD+0.0062%1h93.573+0.026%$111K$577K20xas long as short
OKX HYPE-USDT-SWAP+0.0078%8h93.462−0.092%$114.4M$302.3M50xas long as short
MEXC HYPE_USDT+0.0090%4h93.507−0.044%$87.8M$80.2M100xas long as short
edgeX HYPEUSDC+0.0092%4h93.250−0.319%$5.0M$30.0M30xas long as short
Lighter HYPE+0.0096%1h93.537−0.012%$16.3M$61.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.525−0.025%$3.1M$11.5M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.478−0.075%$68K$1.2M50xas long as short
Binance HYPEUSDT+0.0096%4h93.485−0.068%$379.6M$876.8M75xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.551+0.003%$340K$162K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.460−0.094%$19K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.572+0.026%$5.8M$43.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.582+0.036%$2.04B$655.2M10xas long as short
Pacifica HYPE+0.0100%1h93.523−0.027%$10.1M$14.6M20xas long as short
Bulk HYPE-USD+0.0100%1h93.580+0.034%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.493−0.059%$46.0M$18.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.479−0.074%$226.1M$96.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.555+0.007%$7.4M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.339−0.224%$31.1M$54.0Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.288−0.279%$7.5M$45.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.280−0.287%$339K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.354−0.208%$666K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.579+0.033%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.606+0.062%$473K$2.5M20xas long as short
Derive HYPE-PERP+0.0100%1h93.537−0.012%$16.2M$7.6M10xas long as short
SunX HYPE-USDT+0.0100%4h93.654+0.113%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.575+0.028%$2.0M$1.9M10xas long as short
Extended HYPE-USD+0.0104%1h93.455−0.099%$18.4M$43.7M50xas long as short
Aevo HYPE-PERPshort+0.0104%1h93.5490.000%$398K$170K20x
Coinbase International HYPE-PERP-INTX+0.0176%1h93.640+0.098%$4.9M$5.4M50xas long as short
HTX HYPE-USDT+0.0204%4h93.714+0.177%$1.4M$6.0M75xas long as short
Reya HYPERUSDPERP+0.0257%1h93.5490.000%$80K$140K15xas long as short
Kalshi KXHYPEPERP+0.0280%8h93.580+0.034%$1.9M$5.0M2.3xas long as short
BloFin HYPE-USDT+0.0330%4h93.572+0.025%$17.0M$11.7M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0156%1h93.581+0.035%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0338%1h93.645+0.103%$7.5M$4.4M50xas long as short
RISEx HYPE/USDC+0.0510%1h93.564+0.016%$3.2M$6.5M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.430−0.127%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0683%1h93.653+0.112%$20.8M$30.1M50xas long as short