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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 06:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.035%
Price spread now: Hotstuff against Aster+0.272%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on AsterShort on Hotstuff
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropAster: Stage 5 · Hotstuff: Active · farm boardneeds both histories
The price spread pays, funding is against you. Hotstuff is 0.272% dearer against Aster than usual: you sell high and buy low (spread +0.272% now, against zero (this spread has no 7-day history yet)): +$27 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 5.0 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster HYPEUSDT94.0720.0100pay 0.0050% / 4h2h 00m$8.9M$37.1M300x
ShortHotstuff HYPE-PERP94.328−0.0080pay 0.0010% / 1h0m 58s$3K$33125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff 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
−$37.8
Price spread: +0.272% → 0.000%
$27.21
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$23.59
Costs to cover
0.130%
Break-even
from the start
Slippage unknown: Aster: live order book, 3 min ago; Hotstuff: no order-book sample. Net counts fees only.

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, 3 min ago0.05 bp4.1 bp −$44.7 bp −$4710.0 bp −$996doesn't fit
Sell Hotstuff no order-book sample—————
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.1280%1h94.260+0.200%$202K$241K7xas long as short
Aftermath Perps HYPEUSD−0.0287%1h94.275+0.216%$22K$21K10xas long as short
Hotstuff HYPE-PERPshort−0.0080%1h94.328+0.272%$3K$33125x
Orderly PERP_HYPE_USDC−0.0016%4h94.043−0.031%$150K$681K20xas long as short
Bullet HYPE-USD−0.0003%1h94.076+0.005%$112K$580K20xas long as short
dYdX HYPE-USD0.0000%1h94.272+0.212%$129K$29K5xas long as short
01 Exchange HYPEUSD0.0000%1h94.185+0.120%$86K$372K20xas long as short
Perpl HYPE0.0000%43m94.210+0.147%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h94.098+0.027%$63K—150xas long as short
Arcus HYPE-USD+0.0011%1h94.153+0.086%$1.0M$4.0M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX HYPE-USDT+0.0014%4h94.045−0.029%—$53.7M—as long as short
Bybit HYPEUSDT+0.0019%8h94.045−0.029%$317.6M$287.2M75xas long as short
Phoenix HYPE+0.0026%1h94.438+0.389%$211K$1.2M10xas long as short
Bitget HYPEUSDT+0.0038%4h94.061−0.012%$226.9M$99.4M75xas long as short
Phemex HYPEUSDT+0.0041%8h94.092+0.021%$12.8M$2.8M50xas long as short
Ondo Perps HYPE-USD.P+0.0057%1h94.130+0.062%$709K$1.2M10xas long as short
Paradex HYPE-USD-PERP+0.0094%8h94.211+0.148%$342K$158K20xas long as short
edgeX HYPEUSDC+0.0095%4h94.230+0.167%$5.0M$30.5M30xas long as short
Lighter HYPE+0.0096%1h94.073+0.001%$16.3M$63.8M20xas long as short
Lighter RH HYPE+0.0096%1h94.068−0.004%$3.1M$11.7M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.169+0.103%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h94.180+0.115%$22K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h94.074+0.002%$6.2M$49.6M10xas long as short
Hyperliquid HYPE+0.0100%1h94.182+0.117%$2.06B$680.1M10xas long as short
Aster HYPEUSDTlong+0.0100%4h94.072long leg$8.9M$37.1M300x
Pacifica HYPE+0.0100%1h94.215+0.152%$10.2M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h94.066−0.006%$378.1M$926.7M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h94.059−0.014%$116.2M$317.3M50xas long as short
Bulk HYPE-USD+0.0100%1h94.213+0.150%$217K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h94.053−0.020%$48.2M$55.9M75xas long as short
MEXC HYPE_USDT+0.0100%4h94.062−0.011%$90.7M$82.9M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.0720.000%$46.5M$18.9M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.106+0.036%$7.2M$10.7M20xas long as short
Variational Omni HYPE+0.0100%8h94.388+0.336%$28.9M$56.5M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.307+0.250%$7.7M$48.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.313+0.256%$344K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h94.247+0.186%$674K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h94.238+0.177%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.145+0.078%$478K$2.8M20xas long as short
Bluefin HYPE-PERP+0.0100%1h94.046−0.028%$80K$167K20xas long as short
Derive HYPE-PERP+0.0100%1h94.065−0.008%$16.4M$7.4M10xas long as short
SunX HYPE-USDT+0.0100%4h94.281+0.222%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.058−0.015%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h94.200+0.136%$1.4M$6.6M75xas long as short
Extended HYPE-USD+0.0104%1h94.030−0.045%$18.3M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h94.067−0.006%$398K$159K20xas long as short
Kalshi KXHYPEPERP+0.0116%8h94.177+0.112%$1.8M$5.6M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h94.610+0.572%$31K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h94.140+0.072%$4.7M$6.1M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0186%1h94.150+0.083%$7.4M$4.1M50xas long as short
Reya HYPERUSDPERP+0.0270%1h94.075+0.003%$77K$130K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h94.099+0.028%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0338%1h94.132+0.064%$21.0M$29.6M50xas long as short
BloFin HYPE-USDT+0.0340%4h94.076+0.004%$17.0M$12.2M75xas long as short
RISEx HYPE/USDC+0.0527%1h94.217+0.154%$3.2M$6.3M20xas long as short