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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 22:00 UTC+0.0230%/8h= +25.2% APRpaid last 24h +0.020%
Price spread now: Deribit against Aster+0.088%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$220.215% of the position
Long on AsterShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 7 days−0.011%−$1 on $10k
Price spread, last 3 days (all we have)−0.199%−$20 · spread now +0.088%, 7d avg +0.050%
Together, before fees−0.210%+ Points / potential airdropAster: Stage 5 · farm board−$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Deribit is 0.038% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.050%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.011% in total (about -0.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster HYPEUSDT93.4130.0012pay 0.0006% / 4h2h 45m$8.9M$36.1M300x
ShortDeribit HYPE_USDC-PERPETUAL93.4950.0242get 0.0030% / 1h45m 01s$7.4M$4.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit 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
$48.24
Price spread: +0.088% → +0.050%
$3.81
Slippage, 4 orders
−$6.51
Fee Aster: 4 bp × 2 orders
−$8
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$30.53
Costs to cover
0.215%
Break-even
2.6 days
Slippage from Aster: live order book, 4 min ago; Deribit: live order book, 4 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, 4 min ago0.59 bp4.8 bp −$55.0 bp −$5012.0 bp −$1,195doesn't fit
Sell Deribit live order book, 4 min ago0.21 bp7.6 bp −$813.8 bp −$138doesn'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−0.1240%1h93.386−0.029%$197K$233K7xas long as short
Ondo Perps HYPE-USD.P−0.0202%1h93.330−0.089%$701K$943K10xas long as short
Aftermath Perps HYPEUSD−0.0188%1h93.399−0.015%$22K$22K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.422+0.010%$89K$345K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.423+0.011%$3K$33125xas long as short
dYdX HYPE-USD0.0000%1h93.504+0.097%$127K$33K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.504+0.097%$1.9M$5.4M2.3xas long as short
Perpl HYPE0.0000%43m93.434+0.023%$23K$343K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.430+0.018%$19K—150xas long as short
Aster HYPEUSDTlong+0.0012%4h93.413long leg$8.9M$36.1M300x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Derive HYPE-PERP+0.0017%1h93.351−0.066%$16.4M$7.1M10xas long as short
Bullet HYPE-USD+0.0019%1h93.411−0.002%$113K$583K20xas long as short
Gate HYPE_USDT+0.0022%4h93.390−0.025%$44.2M$56.3M75xas long as short
Bybit HYPEUSDT+0.0039%8h93.370−0.046%$325.2M$287.9M75xas long as short
Phoenix HYPE+0.0068%1h93.408−0.005%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0075%4h93.419+0.006%$180K$536K20xas long as short
Lighter HYPE+0.0096%1h93.435+0.024%$18.5M$59.4M20xas long as short
Lighter RH HYPE+0.0096%1h93.4130.000%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.397−0.017%$56K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.440+0.029%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.396−0.018%$6.0M$44.3M10xas long as short
Hyperliquid HYPE+0.0100%1h93.455+0.045%$2.03B$669.3M10xas long as short
Pacifica HYPE+0.0100%1h93.428+0.016%$10.0M$14.5M20xas long as short
Binance HYPEUSDT+0.0100%4h93.374−0.042%$385.7M$888.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.365−0.051%$114.7M$315.3M50xas long as short
Arcus HYPE-USD+0.0100%1h93.396−0.018%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.335−0.083%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.374−0.042%$93.0M$81.9M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.395−0.019%$46.3M$19.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.392−0.022%$226.8M$102.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.387−0.028%—$54.3M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.415+0.002%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.375−0.040%$28.8M$49.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.445+0.034%$7.5M$45.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.456+0.046%$406K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.481+0.073%$676K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.462+0.052%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.447+0.036%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.402−0.012%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.445+0.034%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.375−0.041%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.407−0.006%$12.7M$2.6M50xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.450+0.040%$339K$171K20xas long as short
Extended HYPE-USD+0.0104%1h93.366−0.050%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.420+0.008%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0107%4h93.435+0.023%$5.1M$29.5M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.500+0.093%$4.9M$5.7M50xas long as short
Deribit HYPE_USDC-PERPETUALshort+0.0242%1h93.495+0.088%$7.4M$4.6M50x
Reya HYPERUSDPERP+0.0245%1h93.404−0.009%$77K$157K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.330−0.089%$30K$231K12xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.445+0.035%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.405−0.009%$17.1M$12.5M75xas long as short
HTX HYPE-USDT+0.0381%4h93.573+0.171%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.474+0.065%$2.7M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.481+0.073%$19.2M$25.8M50xas long as short