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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0038%/8h= +4.1% APRnext payment +$0.19 per $10,000 · paid last 24h +0.007%
Price spread now: Binance against Aster+0.038%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$200.199% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.024%+$2 on $10k
Price spread, last 7 days−0.034%−$3 · spread now +0.038%, 7d avg +0.017%
Together, before fees−0.009%+ Points / potential airdropAster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.020% dearer against Aster than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster HYPEUSDT93.9110.0015pay 0.0008% / 4h12m 00s$8.9M$36.1M300x
ShortBinance HYPEUSDT93.9460.0053get 0.0026% / 4h12m 00s$383.6M$898.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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
$7.89
Price spread: +0.038% → +0.017%
$2.03
Slippage, 4 orders
−$1.89
Fee Aster: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$9.97
Costs to cover
0.199%
Break-even
15.8 days
Slippage from Aster: live order book, 2 min ago; Binance: live order book, 2 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, 2 min ago0.21 bp4.2 bp −$44.6 bp −$4611.3 bp −$1,134doesn't fit
Sell Binance live order book, 2 min ago0.05 bp6.4 bp −$67.3 bp −$7313.7 bp −$1,37029.3 bp −$14.6K

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−0.1176%1h93.700−0.224%$198K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0401%1h93.836−0.080%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.756−0.165%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0094%1h93.800−0.118%$705K$916K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.822−0.095%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.843−0.072%$86K$368K20xas long as short
Orderly PERP_HYPE_USDC−0.0002%4h93.908−0.003%$169K$588K20xas long as short
dYdX HYPE-USD0.0000%1h93.845−0.071%$128K$30K5xas long as short
Perpl HYPE0.0000%43m93.866−0.048%$23K$329K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.931+0.021%$27K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phoenix HYPE+0.0009%1h93.963+0.055%$216K$1.2M10xas long as short
Aster HYPEUSDTlong+0.0015%4h93.911long leg$8.9M$36.1M300x
Bybit HYPEUSDT+0.0021%8h93.951+0.043%$323.2M$283.9M75xas long as short
Derive HYPE-PERP+0.0027%1h93.859−0.056%$16.4M$7.1M10xas long as short
Phemex HYPEUSDT+0.0045%8h93.834−0.082%$12.8M$2.6M50xas long as short
Binance HYPEUSDTshort+0.0053%4h93.946+0.038%$383.6M$898.1M75x
MEXC HYPE_USDT+0.0054%4h93.899−0.013%$88.5M$82.2M100xas long as short
edgeX HYPEUSDC+0.0061%4h93.833−0.083%$5.1M$29.8M30xas long as short
Popdex HYPEUSDT+0.0072%1h93.846−0.069%$60K$1.2M50xas long as short
Gate HYPE_USDT+0.0078%4h93.872−0.041%$44.1M$59.9M75xas long as short
Bullet HYPE-USD+0.0090%1h93.908−0.003%$113K$578K20xas long as short
OKX HYPE-USDT-SWAP+0.0093%8h93.956+0.048%$116.0M$322.9M50xas long as short
Lighter HYPE+0.0096%1h93.937+0.028%$18.9M$60.3M20xas long as short
Lighter RH HYPE+0.0096%1h93.916+0.005%$3.0M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.913+0.002%$399K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.904−0.008%$341K$171K20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.780−0.139%$37K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.875−0.038%$5.7M$44.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.986+0.080%$2.04B$681.0M10xas long as short
Pacifica HYPE+0.0100%1h93.883−0.030%$10.1M$14.6M20xas long as short
Bulk HYPE-USD+0.0100%1h93.820−0.097%$205K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.904−0.007%$46.5M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.926+0.016%$227.5M$102.2M75xas long as short
BingX HYPE-USDT+0.0100%4h93.923+0.013%$54.1Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.938+0.029%$7.9M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.861−0.053%$31.2M$54.1Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.835−0.081%$7.6M$45.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.854−0.061%$359K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.811−0.106%$678K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.897−0.015%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.896−0.016%$471K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.915+0.004%$76K$172K20xas long as short
SunX HYPE-USDT+0.0100%4h93.9110.000%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.883−0.030%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.531%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.899−0.013%$18.3M$42.8M50xas long as short
Kalshi KXHYPEPERP+0.0151%8h93.951+0.043%$1.9M$5.0M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.960+0.052%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0193%4h94.050+0.148%$1.5M$7.8M75xas long as short
BloFin HYPE-USDT+0.0217%4h93.824−0.093%$16.9M$12.6M75xas long as short
Reya HYPERUSDPERP+0.0249%1h93.859−0.056%$77K$142K15xas long as short
RISEx HYPE/USDC+0.0284%1h93.897−0.014%$2.8M$6.8M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0314%1h93.991+0.085%$7.5M$4.6M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0163%1h93.934+0.024%$1.4M100xas long as short
Kraken Futures PF_HYPEUSD+0.0577%1h93.981+0.074%$21.0M$29.5M50xas long as short