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

HYPE

all HYPE markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 22:00 UTC+0.0079%/8h= +8.7% APRpaid last 24h +0.017%
Price spread now: Backpack against Aster+0.047%7-day average +0.253% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$200.198% of the position
Long on AsterShort on Backpack
What this pair did over the last
the charts below follow
Funding, last 7 days+0.090%+$9 on $10k
Price spread, last 7 days−0.502%−$50 · spread now +0.047%, 7d avg +0.253%
Together, before fees−0.412%+ Points / potential airdropAster: Stage 5 · farm board−$41 on $10k · with fees, hour by hour
Funding pays, the price is against you. Backpack is 0.206% cheaper against Aster than usual: you would sell low and buy high (spread +0.047% now, against its 7-day average of +0.253%). If the spread goes back, that is −$21 on $10k: about 8.7 days of funding at the current rate (+$2 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster HYPEUSDT93.5390.0021pay 0.0010% / 4h2h 18m$8.9M$35.8M300x
ShortBackpack HYPE_USDC_PERP93.5830.0100get 0.0013% / 1h18m 35s$7.9M$11.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Backpack 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
$16.63
Price spread: +0.047% → +0.253%
−$20.6
Slippage, 4 orders
−$1.81
Fee Aster: 4 bp × 2 orders
−$8
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$23.78
Costs to cover
0.198%
Break-even
17.0 days
Slippage from Aster: live order book, 5 min ago; Backpack: live order book, 1 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, 5 min ago0.48 bp4.5 bp −$44.8 bp −$4810.6 bp −$1,059doesn't fit
Sell Backpack live order book, 1 min ago0.05 bp5.1 bp −$57.5 bp −$75108.8 bp −$10.9Kdoesn'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−0.1000%1h93.552+0.014%$198K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0286%1h93.664+0.134%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0234%1h93.550+0.012%$703K$934K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.550+0.012%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0064%1h93.562+0.025%$90K$345K20xas long as short
Bullet HYPE-USD−0.0023%1h93.559+0.021%$112K$582K20xas long as short
Derive HYPE-PERP−0.0021%1h93.510−0.031%$16.4M$7.0M10xas long as short
dYdX HYPE-USD0.0000%1h93.645+0.113%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.549+0.010%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.590+0.055%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDTlong+0.0021%4h93.539long leg$8.9M$35.8M300x
Gate HYPE_USDT+0.0030%4h93.540+0.001%$44.1M$57.2M75xas long as short
Bybit HYPEUSDT+0.0035%8h93.537−0.002%$325.8M$287.1M75xas long as short
Popdex HYPEUSDT+0.0056%1h93.540+0.001%$59K$1.2M50xas long as short
Orderly PERP_HYPE_USDC+0.0061%4h93.543+0.004%$174K$536K20xas long as short
Phoenix HYPE+0.0068%1h93.733+0.207%$216K$1.2M10xas long as short
Lighter HYPE+0.0096%1h93.600+0.066%$18.6M$59.7M20xas long as short
Lighter RH HYPE+0.0096%1h93.581+0.045%$3.1M$12.4M20xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.564+0.027%$340K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.580+0.044%$37K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.538−0.001%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.653+0.122%$2.04B$670.2M10xas long as short
Pacifica HYPE+0.0100%1h93.575+0.038%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.5390.000%$385.9M$888.8M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.534−0.005%$114.9M$315.7M50xas long as short
Arcus HYPE-USD+0.0100%1h93.522−0.018%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.690+0.161%$205K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.547+0.009%$93.7M$82.3M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.558+0.020%$46.4M$18.7M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.557+0.019%$227.2M$102.4M75xas long as short
BingX HYPE-USDT+0.0100%4h93.552+0.014%—$54.2M—as long as short
Backpack HYPE_USDC_PERPshort+0.0100%1h93.583+0.047%$7.9M$11.7M20x
Variational Omni HYPE+0.0100%8h93.660+0.129%$29.2M$50.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.753+0.229%$7.5M$45.3M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.678+0.149%$407K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.633+0.100%$677K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.596+0.061%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.585+0.049%$494K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.548+0.010%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.650+0.119%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.5390.000%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.600+0.065%$12.8M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.529−0.011%$18.3M$41.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.558+0.020%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0104%4h93.646+0.114%$5.1M$29.7M30xas long as short
Kalshi KXHYPEPERP+0.0127%8h93.667+0.137%$1.9M$5.3M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0199%1h93.657+0.126%$7.4M$4.6M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.680+0.151%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.5390.000%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.520−0.020%$30K$291K12xas long as short
HTX HYPE-USDT+0.0300%4h93.753+0.229%$1.5M$7.6M75xas long as short
BloFin HYPE-USDT+0.0340%4h93.565+0.028%$17.0M$12.4M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0346% / S −0.0164%1h93.600+0.065%$1.4M—100xas long as short
RISEx HYPE/USDC+0.0467%1h93.615+0.081%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0572%1h93.665+0.135%$19.2M$26.0M50xas long as short