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+0.0331%/8h= +36.2% APRnext payment +$1.65 per $10,000 · paid last 24h +0.079%
Price spread now: BloFin against Aster−0.003%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs+$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$230.229% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.504%+$50 on $10k
Price spread, last 3 days (all we have)−0.200%−$20 · spread now −0.003%, 7d avg +0.014%
Together, before fees+0.304%+ Points / potential airdropAster: Stage 5 · farm board+$30 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster HYPEUSDT93.3170.0009pay 0.0005% / 4h2h 38m$8.9M$35.9M300x
ShortBloFin HYPE-USDT93.3140.0340get 0.0170% / 4h2h 38m$17.0M$12.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$69.44
Price spread: −0.003% → +0.014%
−$1.75
Slippage, 4 orders
−$2.89
Fee Aster: 4 bp × 2 orders
−$8
Fee BloFin: 6 bp × 2 orders
−$12
Net
$44.8
Costs to cover
0.229%
Break-even
2.5 days
Slippage from Aster: live order book, 5 min ago; BloFin: 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 ago0.38 bp4.8 bp −$55.7 bp −$5712.6 bp −$1,261doesn't fit
Sell BloFin live order book, 5 min ago0.11 bp6.7 bp −$78.4 bp −$8414.4 bp −$1,436doesn'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−0.1160%1h93.364+0.051%$197K$233K7xas long as short
Ondo Perps HYPE-USD.P−0.0257%1h93.330+0.014%$700K$943K10xas long as short
Aftermath Perps HYPEUSD−0.0227%1h93.388+0.076%$22K$22K10xas long as short
01 Exchange HYPEUSD−0.0088%1h93.345+0.030%$89K$345K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.419+0.109%$3K$33125xas long as short
dYdX HYPE-USD0.0000%1h93.316−0.001%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.366+0.052%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.366+0.052%$20K150xas long as short
Derive HYPE-PERP+0.0003%1h93.292−0.027%$16.4M$7.1M10xas long as short
Gate HYPE_USDT+0.0008%4h93.276−0.044%$44.0M$56.5M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet HYPE-USD+0.0008%1h93.329+0.013%$112K$583K20xas long as short
Aster HYPEUSDTlong+0.0009%4h93.317long leg$8.9M$35.9M300x
Bybit HYPEUSDT+0.0035%8h93.310−0.008%$325.0M$287.5M75xas long as short
Phoenix HYPE+0.0068%1h93.527+0.225%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0072%4h93.327+0.011%$180K$529K20xas long as short
Popdex HYPEUSDT+0.0080%1h93.319+0.002%$56K$1.2M50xas long as short
Lighter HYPE+0.0096%1h93.340+0.025%$18.5M$59.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.336+0.020%$3.1M$12.3M20xas long as short
SoDEX HYPE-USD+0.0099%1h93.291−0.028%$2.0M$2.0M10xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.364+0.050%$339K$171K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.370+0.057%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.325+0.008%$6.0M$44.2M10xas long as short
Hyperliquid HYPE+0.0100%1h93.367+0.054%$2.03B$667.5M10xas long as short
Pacifica HYPE+0.0100%1h93.353+0.039%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.324+0.008%$385.2M$888.7M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.323+0.006%$114.6M$315.0M50xas long as short
Arcus HYPE-USD+0.0100%1h93.308−0.010%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.403+0.092%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.319+0.002%$92.7M$82.0M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.311−0.006%$46.4M$19.0M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.321+0.004%$226.6M$102.1M75xas long as short
BingX HYPE-USDT+0.0100%4h93.289−0.030%$54.2Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.315−0.002%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.375+0.063%$28.9M$49.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.408+0.098%$7.5M$44.9M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.381+0.069%$405K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.453+0.146%$676K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.391+0.079%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.361+0.047%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.332+0.016%$76K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h93.365+0.051%$32K$1.6M20xas long as short
Phemex HYPEUSDT+0.0100%8h93.356+0.042%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.277−0.042%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.307−0.010%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0109%4h93.377+0.064%$5.1M$29.5M30xas long as short
Kalshi KXHYPEPERP+0.0110%8h93.405+0.094%$1.9M$5.4M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0200%1h93.411+0.101%$7.4M$4.6M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.360+0.046%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.325+0.009%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.310−0.008%$30K$231K12xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0164%1h93.384+0.072%$1.4M100xas long as short
BloFin HYPE-USDTshort+0.0340%4h93.314−0.003%$17.0M$12.5M75x
HTX HYPE-USDT+0.0347%4h93.500+0.196%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.389+0.077%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.389+0.077%$19.2M$25.9M50xas long as short