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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0040%/8h= −4.4% APRnext payment $0.20 per $10,000 · paid last 24h +0.008%
Price spread now: Bitget against Aster−0.006%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$270.269% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.028%−$3 on $10k
Price spread, last 7 days+0.014%+$1 · spread now −0.006%, 7d avg −0.002%
Together, before fees−0.014%+ Points / potential airdropAster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster HYPEUSDT92.7680.0100pay 0.0050% / 4h3h 33m$8.7M$36.1M300x
ShortBitget HYPEUSDT92.7620.0060get 0.0030% / 4h3h 33m$224.7M$99.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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
−$8.38
Price spread: −0.006% → −0.002%
−$0.45
Slippage, 4 orders
−$6.86
Fee Aster: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$35.69
Costs to cover
0.269%
Break-even
never at this rate
Slippage from Aster: live order book, 5 min ago; Bitget: live order book, 5 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 ago0.32 bp4.3 bp −$45.3 bp −$5312.8 bp −$1,282doesn't fit
Sell Bitget live order book, 5 min ago0.05 bp8.2 bp −$811.7 bp −$117doesn't fitdoesn'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−0.1328%1h92.718−0.053%$193K$229K7xas long as short
Aftermath Perps HYPEUSD−0.0272%1h92.840+0.078%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h92.762−0.006%$1.1M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.839+0.077%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0064%4h92.794+0.028%$147K$679K20xas long as short
dYdX HYPE-USD0.0000%1h92.819+0.055%$127K$29K5xas long as short
Perpl HYPE0.0000%43m92.787+0.021%$22K$298K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.828+0.065%$62K150xas long as short
Phoenix HYPE+0.0026%1h92.975+0.223%$210K$1.2M10xas long as short
Bybit HYPEUSDT+0.0034%8h92.760−0.008%$315.6M$282.0M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps HYPE-USD.P+0.0037%1h92.750−0.019%$699K$1.1M10xas long as short
Bullet HYPE-USD+0.0046%1h92.799+0.033%$111K$577K20xas long as short
01 Exchange HYPEUSD+0.0048%1h92.824+0.061%$87K$361K20xas long as short
Phemex HYPEUSDT+0.0048%8h92.821+0.057%$12.5M$2.7M50xas long as short
Bitget HYPEUSDTshort+0.0060%4h92.762−0.006%$224.7M$99.1M75x
Popdex HYPEUSDT+0.0072%1h92.795+0.029%$69K$1.1M50xas long as short
edgeX HYPEUSDC+0.0090%4h92.901+0.144%$4.9M$29.6M30xas long as short
Lighter HYPE+0.0096%1h92.797+0.031%$16.0M$62.5M20xas long as short
Lighter RH HYPE+0.0096%1h92.792+0.026%$3.1M$11.6M20xas long as short
Gate HYPE_USDT+0.0096%4h92.753−0.016%$44.9M$54.1M75xas long as short
Paradex HYPE-USD-PERP+0.0097%8h92.822+0.059%$339K$163K20xas long as short
Katana Perps HYPE-USD+0.0099%8h92.760−0.008%$36K$1.7M10xas long as short
Aster HYPEUSDTlong+0.0100%4h92.768long leg$8.7M$36.1M300x
Nado HYPE-PERP+0.0100%1h92.769+0.001%$7.6M$45.9M10xas long as short
Hyperliquid HYPE+0.0100%1h92.816+0.052%$2.02B$666.3M10xas long as short
Pacifica HYPE+0.0100%1h92.826+0.063%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h92.765−0.003%$372.9M$905.0M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h92.762−0.006%$113.7M$304.0M50xas long as short
Bulk HYPE-USD+0.0100%1h92.923+0.167%$202K$13K10xas long as short
MEXC HYPE_USDT+0.0100%4h92.754−0.015%$86.9M$80.3M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.756−0.013%$46.0M$18.4M75xas long as short
BingX HYPE-USDT+0.0100%4h92.761−0.007%$54.0Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.758−0.011%$7.2M$11.3M20xas long as short
Variational Omni HYPE+0.0100%8h92.829+0.066%$28.5M$57.4Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.831+0.068%$7.5M$46.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.921+0.165%$341K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h92.833+0.070%$667K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h92.852+0.090%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.844+0.082%$468K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.801+0.036%$79K$167K20xas long as short
Derive HYPE-PERP+0.0100%1h92.788+0.021%$16.0M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h92.881+0.122%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.787+0.021%$2.0M$2.0M10xas long as short
Extended HYPE-USD+0.0104%1h92.723−0.048%$18.0M$43.6M50xas long as short
Aevo HYPE-PERP+0.0104%1h92.810+0.046%$392K$164K20xas long as short
HTX HYPE-USDT+0.0126%4h92.950+0.196%$1.4M$6.3M75xas long as short
Kalshi KXHYPEPERP+0.0133%8h92.872+0.112%$1.8M$5.4M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h92.860+0.099%$4.7M$5.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0197%1h92.828+0.065%$20.6M$30.5M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h92.730−0.041%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0265%1h92.798+0.032%$79K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h92.825+0.062%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h92.803+0.038%$16.8M$11.6M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0429%1h92.883+0.124%$7.5M$4.5M50xas long as short
RISEx HYPE/USDC+0.0598%1h92.860+0.099%$3.2M$6.4M20xas long as short