HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0089%/8h= +9.8% APRnext payment +$0.45 per $10,000 · paid last 24h −0.002%

Price spread now: BingX against Aster+0.020%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$200.203% of the position

Long on Aster Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 7 days−0.031%−$3 · spread now +0.020%, 7d avg +0.001%

Together, before fees−0.073%+ Points / potential airdropAster: Stage 5 · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HYPEUSDT	93.381	0.0011	pay 0.0005% / 4h	2h 40m	$8.9M	$35.9M	300x
Short	BingX HYPE-USDT	93.400	0.0100	get 0.0050% / 4h	2h 40m	—	$54.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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

Position, each leg$Hold fordaysFee AsterbpFee BingXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $18.75
Price spread: +0.020% → +0.001%: $1.97
Slippage, 4 orders: −$2.31
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: $0.41
Costs to cover: 0.203%
Break-even: 6.8 days

Slippage from Aster: live order book, 3 min ago; BingX: 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	0.38 bp	4.8 bp −$5	5.7 bp −$57	12.6 bp −$1,261	doesn't fit
Sell BingX live order book, 3 min ago	0.11 bp	5.1 bp −$5	7.2 bp −$72	12.0 bp −$1,204	18.3 bp −$9,159

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	−0.1200%	1h	93.360	−0.022%	$197K	$233K	7x	as long as short
Ondo Perps HYPE-USD.P	−0.0250%	1h	93.330	−0.055%	$700K	$943K	10x	as long as short
Aftermath Perps HYPEUSD	−0.0208%	1h	93.390	+0.010%	$22K	$22K	10x	as long as short
01 Exchange HYPEUSD	−0.0088%	1h	93.402	+0.022%	$89K	$345K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.457	+0.081%	$3K	$331	25x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.398	+0.018%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.397	+0.017%	$23K	$343K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.421	+0.043%	$20K	—	150x	as long as short
Derive HYPE-PERP	+0.0003%	1h	93.349	−0.034%	$16.4M	$7.1M	10x	as long as short
Gate HYPE_USDT	+0.0010%	4h	93.400	+0.020%	$44.1M	$56.5M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDTlong	+0.0011%	4h	93.381	long leg	$8.9M	$35.9M	300x
Bullet HYPE-USD	+0.0029%	1h	93.376	−0.005%	$112K	$582K	20x	as long as short
Bybit HYPEUSDT	+0.0037%	8h	93.400	+0.020%	$325.4M	$287.8M	75x	as long as short
Phoenix HYPE	+0.0068%	1h	93.527	+0.156%	$216K	$1.2M	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0073%	4h	93.393	+0.013%	$180K	$529K	20x	as long as short
Popdex HYPEUSDT	+0.0080%	1h	93.376	−0.005%	$56K	$1.2M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.446	+0.070%	$18.5M	$59.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.416	+0.037%	$3.1M	$12.3M	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.420	+0.042%	$40K	$1.7M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0100%	8h	93.395	+0.015%	$339K	$171K	20x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.382	+0.001%	$6.0M	$44.3M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.474	+0.099%	$2.03B	$669.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.398	+0.018%	$10.0M	$14.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.400	+0.020%	$385.6M	$888.5M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.395	+0.015%	$114.8M	$315.4M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.354	−0.029%	$1.2M	$4.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.403	+0.023%	$204K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.400	+0.020%	$92.7M	$82.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.425	+0.047%	$46.3M	$19.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.423	+0.045%	$226.8M	$102.1M	75x	as long as short
BingX HYPE-USDTshort	+0.0100%	4h	93.400	+0.020%	—	$54.2M	—
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.440	+0.063%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.375	−0.006%	$28.8M	$49.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.413	+0.034%	$7.5M	$45.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.428	+0.050%	$406K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.479	+0.105%	$676K	$2.4M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.428	+0.050%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.412	+0.033%	$493K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.403	+0.024%	$76K	$169K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.408	+0.029%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.382	+0.001%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.407	+0.028%	$12.7M	$2.6M	50x	as long as short
Kalshi KXHYPEPERP	+0.0103%	8h	93.473	+0.099%	$1.9M	$5.4M	2.3x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.390	+0.010%	$18.4M	$41.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.355	−0.028%	$397K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0117%	4h	93.402	+0.023%	$5.1M	$29.6M	30x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.510	+0.138%	$4.9M	$5.7M	50x	as long as short
Reya HYPERUSDPERP	+0.0245%	1h	93.387	+0.006%	$77K	$157K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0253%	1h	93.489	+0.116%	$7.4M	$4.6M	50x	as long as short
Injective HYPE/USDC PERP	+0.0285%	1h	93.270	−0.119%	$30K	$231K	12x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0165%	1h	93.431	+0.054%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.348	−0.035%	$17.1M	$12.5M	75x	as long as short
HTX HYPE-USDT	+0.0357%	4h	93.556	+0.187%	$1.5M	$7.6M	75x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.460	+0.084%	$2.8M	$6.8M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0574%	1h	93.477	+0.103%	$19.2M	$25.9M	50x	as long as short