Funding you earn now, next payment 01:00 UTC−0.0638%/8h= −69.9% APRpaid last 24h −0.036%
Price spread now: Arcus against Aster−0.090%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$160.162% of the position
Funding, last 3 days (all we have)−0.062%−$6 on $10k
+Price spread, last 7 days+0.113%+$11 · spread now −0.090%, 7d avg −0.008%
=Together, before fees+0.051%+ Points / potential airdropAster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Arcus is 0.082% cheaper against Aster than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.008%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.062% in total (about -6.5% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster HYPEUSDT | 93.943 | 0.0013 | pay 0.0006% / 4h | 3h 21m | $8.9M | $36.1M | 300x |
| Short | Arcus HYPE-USD | 93.858 | −0.0625 | pay 0.0078% / 1h | 21m 05s | $1.2M | $3.8M | 10x |
Aster HYPEUSDT
Arcus HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$133.97
- Price spread: −0.090% → −0.008%
- −$8.19
- Slippage, 4 orders
- −$3.67
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$158.33
- Costs to cover
- 0.162%
- Break-even
- never at this rate
Slippage from Aster: live order book, 3 min ago; Arcus: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Aster live order book, 3 min ago | 0.90 bp | 4.9 bp −$5 | 5.1 bp −$51 | 11.4 bp −$1,140 | doesn't fit |
| Sell Arcus live order book, 3 min ago | 0.53 bp | 3.2 bp −$3 | 5.1 bp −$51 | 209.2 bp −$20.9K | doesn't fit |
HYPE on 55 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1336% | 1h | 93.984 | +0.044% | $199K | $228K | 7x | as long as short |
| Arcus HYPE-USDshort | −0.0625% | 1h | 93.858 | −0.090% | $1.2M | $3.8M | 10x | |
| Aftermath Perps HYPEUSD | −0.0209% | 1h | 94.121 | +0.190% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0144% | 1h | 93.940 | −0.003% | $710K | $959K | 10x | as long as short |
| dYdX HYPE-USD | −0.0117% | 1h | 94.038 | +0.102% | $129K | $31K | 5x | as long as short |
| Bullet HYPE-USD | −0.0098% | 1h | 93.977 | +0.036% | $113K | $581K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0088% | 1h | 93.947 | +0.005% | $86K | $360K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.035 | +0.098% | $3K | $331 | 25x | as long as short |
| Phemex HYPEUSDT | −0.0051% | 8h | 93.927 | −0.017% | $12.8M | $2.6M | 50x | as long as short |
| Bybit HYPEUSDT | −0.0027% | 8h | 93.840 | −0.109% | $322.4M | $280.3M | 75x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
dYdX HYPE-USD
Bullet HYPE-USD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Phemex HYPEUSDT
Bybit HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_HYPE_USDC | −0.0023% | 4h | 93.935 | −0.008% | $159K | $645K | 20x | as long as short |
| Gate HYPE_USDT | −0.0022% | 4h | 93.838 | −0.111% | $44.4M | $59.9M | 75x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.978 | +0.038% | $23K | $327K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 94.002 | +0.063% | $27K | — | 150x | as long as short |
| Aster HYPEUSDTlong | +0.0013% | 4h | 93.943 | long leg | $8.9M | $36.1M | 300x | |
| Derive HYPE-PERP | +0.0023% | 1h | 93.926 | −0.017% | $16.4M | $7.3M | 10x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 94.149 | +0.220% | $219K | $1.2M | 10x | as long as short |
| Binance HYPEUSDT | +0.0048% | 4h | 93.858 | −0.090% | $382.9M | $893.6M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0050% | 4h | 93.870 | −0.077% | $89.0M | $82.8M | 100x | as long as short |
| edgeX HYPEUSDC | +0.0070% | 4h | 94.065 | +0.130% | $5.1M | $30.0M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0075% | 8h | 93.862 | −0.086% | $115.8M | $317.8M | 50x | as long as short |
| Bluefin HYPE-PERP | +0.0095% | 1h | 93.950 | +0.008% | $76K | $171K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.999 | +0.060% | $19.1M | $59.9M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.903 | −0.042% | $3.0M | $12.1M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.947 | +0.005% | $64K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.951 | +0.009% | $400K | $180K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 94.037 | +0.100% | $342K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.980 | +0.040% | $24K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.945 | +0.003% | $6.6M | $44.8M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.972 | +0.031% | $2.05B | $673.5M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.003 | +0.064% | $10.2M | $14.6M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.885 | −0.061% | $46.6M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.900 | −0.045% | $227.7M | $101.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.841 | −0.108% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.853 | −0.095% | $7.7M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.939 | −0.003% | $31.4M | $54.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.199 | +0.273% | $7.6M | $46.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.047 | +0.111% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.044 | +0.108% | $680K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.010 | +0.072% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.982 | +0.042% | $481K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.038 | +0.102% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.972 | +0.031% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.151 | +0.222% | $205K | $2K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.869 | −0.078% | $18.8M | $44.5M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 94.000 | +0.061% | $4.9M | $5.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0192% | 4h | 93.962 | +0.021% | $17.0M | $12.2M | 75x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 94.490 | +0.583% | $31K | $338K | 12x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 94.011 | +0.073% | $2.7M | $6.8M | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0227% | 8h | 94.002 | +0.063% | $1.9M | $5.1M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0252% | 1h | 93.957 | +0.015% | $79K | $142K | 15x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0324% | 1h | 94.064 | +0.129% | $7.5M | $4.6M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0155% | 1h | 93.996 | +0.057% | $1.4M | — | 100x | as long as short |
| HTX HYPE-USDT | +0.0390% | 4h | 94.100 | +0.168% | $1.5M | $6.2M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0671% | 1h | 94.039 | +0.103% | $21.0M | $29.7M | 50x | as long as short |
Orderly PERP_HYPE_USDC
Gate HYPE_USDT
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Derive HYPE-PERP
Phoenix HYPE
Binance HYPEUSDT
MEXC HYPE_USDT
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Bluefin HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
BloFin HYPE-USDT
Injective HYPE/USDC PERP
RISEx HYPE/USDC
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
HTX HYPE-USDT
Kraken Futures PF_HYPEUSD