Funding you earn now, next payment 04:00 UTC+0.0175%/8h= +19.2% APRpaid last 24h −0.012%
Price spread now: Kalshi against Aster+0.066%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$290.290% of the position
Funding, last 7 days−0.149%−$15 on $10k
+Price spread, last 7 days+0.057%+$6 · spread now +0.066%, 7d avg +0.015%
=Together, before fees−0.093%+ Points / potential airdropAster: Stage 5 · farm board−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kalshi is 0.051% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.015%. Mind the row above: over the last 7 days funding on this pair cost −0.149%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster HYPEUSDT | 94.057 | 0.0017 | pay 0.0009% / 4h | 3h 39m | $8.9M | $36.0M | 300x |
| Short | Kalshi KXHYPEPERP | 94.119 | 0.0193 | get 0.0193% / 8h | 3h 39m | $1.9M | $5.1M | 2.3x |
Aster HYPEUSDT
Kalshi KXHYPEPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi 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
- $36.78
- Price spread: +0.066% → +0.015%
- $5.07
- Slippage, 4 orders
- −$10.96
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- $12.88
- Costs to cover
- 0.290%
- Break-even
- 4.5 days
Slippage from Aster: live order book, 5 min ago; Kalshi: live order book, 4 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, 5 min ago | 0.27 bp | 4.3 bp −$4 | 4.9 bp −$49 | 11.8 bp −$1,183 | doesn't fit |
| Sell Kalshi live order book, 4 min ago | 3.40 bp | 11.9 bp −$12 | 13.5 bp −$135 | 21.3 bp −$2,134 | 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 | −0.1472% | 1h | 93.969 | −0.093% | $199K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.949 | −0.115% | $1.2M | $3.8M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0273% | 1h | 94.036 | −0.022% | $22K | $23K | 10x | as long as short |
| Phemex HYPEUSDT | −0.0194% | 8h | 94.071 | +0.015% | $12.8M | $2.6M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0182% | 1h | 94.020 | −0.039% | $705K | $937K | 10x | as long as short |
| dYdX HYPE-USD | −0.0168% | 1h | 94.085 | +0.030% | $128K | $29K | 5x | as long as short |
| Bullet HYPE-USD | −0.0085% | 1h | 94.024 | −0.035% | $112K | $580K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 94.057 | 0.000% | $85K | $361K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.074 | +0.018% | $3K | $331 | 25x | as long as short |
| Gate HYPE_USDT | −0.0054% | 4h | 94.033 | −0.025% | $44.4M | $59.3M | 75x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Phemex HYPEUSDT
Ondo Perps HYPE-USD.P
dYdX HYPE-USD
Bullet HYPE-USD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Gate HYPE_USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HYPEUSDT | −0.0033% | 8h | 94.000 | −0.060% | $323.1M | $280.7M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0012% | 4h | 94.035 | −0.023% | $170K | $592K | 20x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.084 | +0.029% | $23K | $327K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 94.064 | +0.008% | $27K | — | 150x | as long as short |
| Aster HYPEUSDTlong | +0.0017% | 4h | 94.057 | long leg | $8.9M | $36.0M | 300x | |
| Derive HYPE-PERP | +0.0024% | 1h | 93.986 | −0.075% | $16.4M | $7.1M | 10x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 94.122 | +0.069% | $219K | $1.2M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0044% | 4h | 94.040 | −0.018% | $88.8M | $82.2M | 100x | as long as short |
| Bluefin HYPE-PERP | +0.0045% | 1h | 94.018 | −0.041% | $76K | $170K | 20x | as long as short |
| Binance HYPEUSDT | +0.0045% | 4h | 94.028 | −0.031% | $383.9M | $892.7M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0057% | 4h | 94.034 | −0.025% | $5.1M | $29.8M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0081% | 8h | 94.010 | −0.050% | $116.0M | $318.8M | 50x | as long as short |
| Popdex HYPEUSDT | +0.0088% | 1h | 94.029 | −0.030% | $64K | $1.2M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.074 | +0.019% | $18.9M | $58.4M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.043 | −0.015% | $3.1M | $12.0M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 94.035 | −0.023% | $400K | $193K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 94.105 | +0.051% | $342K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.050 | −0.007% | $24K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.044 | −0.013% | $6.6M | $44.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.139 | +0.087% | $2.05B | $673.8M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.084 | +0.029% | $10.2M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.816 | −0.256% | $204K | $5K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.049 | −0.008% | $46.6M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 94.026 | −0.033% | $228.1M | $101.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.035 | −0.023% | — | $54.1M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.102 | +0.048% | $7.7M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.010 | −0.049% | $31.6M | $53.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.030 | −0.029% | $7.6M | $45.7M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.016 | −0.043% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.051 | −0.006% | $680K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.075 | +0.019% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.050 | −0.007% | $480K | $2.6M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.111 | +0.058% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.011 | −0.049% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.991 | −0.070% | $18.9M | $43.5M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 94.170 | +0.120% | $4.9M | $5.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0181% | 4h | 94.032 | −0.026% | $17.0M | $12.3M | 75x | as long as short |
| Kalshi KXHYPEPERPshort | +0.0193% | 8h | 94.119 | +0.066% | $1.9M | $5.1M | 2.3x | |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 94.260 | +0.216% | $31K | $338K | 12x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 94.083 | +0.028% | $2.8M | $6.7M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0251% | 1h | 94.030 | −0.029% | $79K | $143K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0338% / S −0.0157% | 1h | 94.061 | +0.005% | $1.5M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0356% | 1h | 94.112 | +0.059% | $7.5M | $4.6M | 50x | as long as short |
| HTX HYPE-USDT | +0.0413% | 4h | 94.220 | +0.173% | $1.5M | $6.3M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0671% | 1h | 94.111 | +0.058% | $21.0M | $29.7M | 50x | as long as short |
Bybit HYPEUSDT
Orderly PERP_HYPE_USDC
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Derive HYPE-PERP
Phoenix HYPE
MEXC HYPE_USDT
Bluefin HYPE-PERP
Binance HYPEUSDT
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Popdex HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
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
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
BloFin HYPE-USDT
Injective HYPE/USDC PERP
RISEx HYPE/USDC
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
HTX HYPE-USDT
Kraken Futures PF_HYPEUSD