Funding you earn now, next payment 00:00 UTC+0.0259%/8h= +28.3% APRnext payment +$1.29 per $10,000 · paid last 24h +0.049%
Price spread now: HTX against Aster+0.173%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$300.303% of the position
Funding, last 7 days+0.081%+$8 on $10k
+Price spread, last 3 days (all we have)−0.315%−$32 · spread now +0.173%, 7d avg +0.049%
=Together, before fees−0.234%+ Points / potential airdropAster: Stage 5 · farm board−$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and HTX is 0.124% dearer against Aster than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.049%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.081% in total (about 4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster HYPEUSDT | 93.388 | 0.0012 | pay 0.0006% / 4h | 1h 42m | $8.9M | $36.0M | 300x |
| Short | HTX HYPE-USDT | 93.550 | 0.0271 | get 0.0135% / 4h | 1h 42m | $1.5M | $7.7M | 75x |
Aster HYPEUSDT
HTX HYPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $54.32
- Price spread: +0.173% → +0.049%
- $12.38
- Slippage, 4 orders
- −$10.28
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- $36.42
- Costs to cover
- 0.303%
- Break-even
- 2.3 days
Slippage from Aster: live order book, 2 min ago; HTX: live order book, 2 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, 2 min ago | 0.21 bp | 4.6 bp −$5 | 5.5 bp −$55 | 11.9 bp −$1,192 | doesn't fit |
| Sell HTX live order book, 2 min ago | 1.28 bp | 10.9 bp −$11 | 14.5 bp −$145 | 45.6 bp −$4,563 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps HYPEUSD | −0.0360% | 1h | 93.244 | −0.155% | $22K | $22K | 10x | as long as short |
| Arcus HYPE-USD | −0.0131% | 1h | 93.335 | −0.057% | $1.2M | $4.0M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0128% | 1h | 93.251 | −0.147% | $197K | $230K | 7x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.338 | −0.054% | $3K | $331 | 25x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0044% | 1h | 93.150 | −0.255% | $699K | $924K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0008% | 1h | 93.431 | +0.046% | $90K | $361K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.419 | +0.033% | $127K | $32K | 5x | as long as short |
| Popdex HYPEUSDT | 0.0000% | 1h | 93.398 | +0.010% | $57K | $1.2M | 50x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.446 | +0.062% | $1.9M | $5.3M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.351 | −0.040% | $23K | $331K | 10x | as long as short |
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hibachi HYPE/USDT-P
Hotstuff HYPE-PERP
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
dYdX HYPE-USD
Popdex HYPEUSDT
Kalshi KXHYPEPERP
Perpl HYPEShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.434 | +0.049% | $20K | — | 150x | as long as short |
| Aster HYPEUSDTlong | +0.0012% | 4h | 93.388 | long leg | $8.9M | $36.0M | 300x | |
| Derive HYPE-PERP | +0.0016% | 1h | 93.337 | −0.055% | $16.3M | $7.1M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0031% | 8h | 93.360 | −0.030% | $324.2M | $286.9M | 75x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.278 | −0.118% | $216K | $1.2M | 10x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0037% | 4h | 93.373 | −0.017% | $171K | $519K | 20x | as long as short |
| Gate HYPE_USDT | +0.0062% | 4h | 93.366 | −0.024% | $43.8M | $57.8M | 75x | as long as short |
| Bullet HYPE-USD | +0.0078% | 1h | 93.370 | −0.019% | $112K | $578K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.432 | +0.047% | $18.5M | $58.7M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.400 | +0.012% | $3.1M | $12.1M | 20x | as long as short |
| MEXC HYPE_USDT | +0.0096% | 4h | 93.378 | −0.011% | $90.4M | $81.6M | 100x | as long as short |
| Binance HYPEUSDT | +0.0096% | 4h | 93.391 | +0.003% | $383.8M | $891.9M | 75x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.383 | −0.006% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.380 | −0.009% | $40K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.397 | +0.010% | $5.9M | $44.0M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.413 | +0.026% | $2.03B | $672.3M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.393 | +0.005% | $10.0M | $14.3M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.375 | −0.014% | $114.2M | $314.3M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.884 | −0.540% | $203K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.380 | −0.009% | $47.3M | $18.9M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.396 | +0.008% | $226.4M | $102.8M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.358 | −0.033% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.400 | +0.012% | $7.9M | $11.5M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.236 | −0.163% | $28.9M | $50.6M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.228 | −0.171% | $7.5M | $45.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.375 | −0.014% | $413K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.274 | −0.123% | $675K | $2.5M | 20x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.420 | +0.034% | $494K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.381 | −0.008% | $76K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.434 | +0.049% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.365 | −0.025% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.357 | −0.034% | $12.7M | $2.6M | 50x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.402 | +0.014% | — | $454K | 5x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.346 | −0.045% | $18.2M | $42.1M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.385 | −0.004% | $397K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0107% | 4h | 93.311 | −0.083% | $5.1M | $29.6M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.420 | +0.034% | $4.9M | $5.7M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0239% | 1h | 93.250 | −0.148% | $30K | $338K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0246% | 1h | 93.382 | −0.007% | $78K | $158K | 15x | as long as short |
| HTX HYPE-USDTshort | +0.0271% | 4h | 93.550 | +0.173% | $1.5M | $7.7M | 75x | |
| RISEx HYPE/USDC | +0.0280% | 1h | 93.449 | +0.064% | $2.8M | $6.8M | 20x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0328% | 1h | 93.464 | +0.081% | $7.4M | $4.6M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0336% | 4h | 93.332 | −0.060% | $16.9M | $12.5M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0340% / S −0.0159% | 1h | 93.414 | +0.027% | $1.5M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0465% | 1h | 93.503 | +0.123% | $20.8M | $28.8M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Derive HYPE-PERP
Bybit HYPEUSDT
Phoenix HYPE
Orderly PERP_HYPE_USDC
Gate HYPE_USDT
Bullet HYPE-USD
Lighter HYPE
Lighter RH HYPE
MEXC HYPE_USDT
Binance HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Vest HYPE-PERP
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
RISEx HYPE/USDC
Deribit HYPE_USDC-PERPETUAL
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD