HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0006%/8h= −0.6% APRnext payment −$0.03 per $10,000 · paid last 24h +0.011%

Price spread now: edgeX against Aster−0.088%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$190.189% of the position

Long on Aster Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$4 on $10k

Price spread, last 7 days+0.067%+$7 · spread now −0.088%, 7d avg −0.024%

Together, before fees+0.112%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.064% cheaper against Aster than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HYPEUSDT	93.141	0.0100	pay 0.0050% / 4h	3h 13m	$8.7M	$36.3M	300x
Short	edgeX HYPEUSDC	93.059	0.0094	get 0.0047% / 4h	3h 13m	$4.9M	$29.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.088%Rate

Funding earned: −$1.17
Price spread: −0.088% → −0.024%: −$6.44
Slippage, 4 orders: −$1.86
Fee Aster: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$26.48
Costs to cover: 0.189%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; edgeX: live order book, 1 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, 6 min ago	0.05 bp	4.1 bp −$4	4.5 bp −$45	11.0 bp −$1,097	doesn't fit
Sell edgeX live order book, 1 min ago	0.32 bp	4.8 bp −$5	5.4 bp −$54	187.7 bp −$18.8K	doesn't fit

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	−0.1792%	1h	93.043	−0.104%	$194K	$232K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0306%	1h	93.027	−0.122%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	93.112	−0.031%	$1.1M	$3.9M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.085	−0.060%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0053%	4h	93.107	−0.036%	$146K	$674K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.159	+0.019%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.114	−0.029%	$22K	$293K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.145	+0.004%	$62K	—	150x	as long as short
Ondo Perps HYPE-USD.P	+0.0010%	1h	92.970	−0.183%	$701K	$1.1M	10x	as long as short
Bullet HYPE-USD	+0.0014%	1h	93.132	−0.009%	$111K	$578K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex HYPEUSDT	+0.0024%	8h	93.103	−0.040%	$12.6M	$2.7M	50x	as long as short
01 Exchange HYPEUSD	+0.0024%	1h	93.136	−0.005%	$87K	$365K	20x	as long as short
Phoenix HYPE	+0.0026%	1h	93.056	−0.091%	$208K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0029%	8h	93.119	−0.023%	$318.3M	$284.1M	75x	as long as short
Bitget HYPEUSDT	+0.0038%	4h	93.113	−0.030%	$225.3M	$98.8M	75x	as long as short
Popdex HYPEUSDT	+0.0048%	1h	93.104	−0.039%	$76K	$1.1M	50x	as long as short
Gate HYPE_USDT	+0.0070%	4h	93.121	−0.021%	$45.4M	$54.7M	75x	as long as short
edgeX HYPEUSDCshort	+0.0094%	4h	93.059	−0.088%	$4.9M	$29.8M	30x
Lighter HYPE	+0.0096%	1h	93.143	+0.002%	$16.0M	$62.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.151	+0.011%	$3.1M	$11.6M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.164	+0.025%	$339K	$163K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	93.120	−0.022%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.140	0.000%	$6.8M	$46.5M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.183	+0.045%	$2.03B	$669.6M	10x	as long as short
Aster HYPEUSDTlong	+0.0100%	4h	93.141	long leg	$8.7M	$36.3M	300x
Pacifica HYPE	+0.0100%	1h	93.158	+0.019%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.128	−0.014%	$373.8M	$910.5M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.124	−0.018%	$114.1M	$305.5M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.709	−0.464%	$202K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.127	−0.015%	$91.5M	$81.4M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.126	−0.016%	$46.1M	$18.5M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.122	−0.020%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.157	+0.018%	$7.3M	$11.2M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.999	−0.152%	$28.6M	$56.8M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.078	−0.067%	$7.5M	$46.7M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.266	+0.135%	$342K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.057	−0.090%	$665K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.158	+0.018%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.158	+0.019%	$488K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.121	−0.021%	$79K	$167K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.109	−0.034%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.182	+0.044%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.115	−0.028%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.300	+0.171%	$1.4M	$6.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.088	−0.057%	$18.1M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.139	−0.002%	$394K	$164K	20x	as long as short
Kalshi KXHYPEPERP	+0.0126%	8h	93.196	+0.059%	$1.8M	$5.5M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.220	+0.085%	$4.7M	$5.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0196%	1h	93.194	+0.057%	$20.7M	$29.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	93.410	+0.289%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0266%	1h	93.118	−0.025%	$79K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	93.145	+0.005%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.113	−0.030%	$16.8M	$11.8M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0405%	1h	93.214	+0.079%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	93.197	+0.061%	$3.2M	$6.3M	20x	as long as short