Funding arb · Price arb /

HYPE

all HYPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.011%

Price spread now: KuCoin against Aster−0.016%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$280.282% of the position

Long on Aster Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 7 days+0.028%+$3 · spread now −0.016%, 7d avg +0.011%

Together, before fees+0.060%+ Points / potential airdropAster: Stage 5 · farm board+$6 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: KuCoin is 0.027% cheaper against Aster than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HYPEUSDT	93.266	0.0100	pay 0.0050% / 4h	2h 38m	$8.7M	$36.5M	300x
Short	KuCoin HYPEUSDTM	93.251	0.0100	get 0.0050% / 4h	2h 38m	$46.1M	$18.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → +0.011%: −$2.74
Slippage, 4 orders: −$8.21
Fee Aster: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$30.95
Costs to cover: 0.282%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; KuCoin: live order book, 6 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	0.11 bp	4.1 bp −$4	6.3 bp −$63	12.2 bp −$1,223	doesn't fit
Sell KuCoin live order book, 6 min ago	0.54 bp	9.5 bp −$10	12.7 bp −$127	doesn't fit	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	−0.1696%	1h	93.094	−0.184%	$196K	$234K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0364%	1h	93.280	+0.015%	$22K	$21K	10x	as long as short
Bullet HYPE-USD	−0.0085%	1h	93.184	−0.088%	$111K	$578K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.110	−0.167%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0024%	1h	93.237	−0.031%	$87K	$366K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0023%	4h	93.176	−0.097%	$146K	$663K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.142	−0.133%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.186	−0.086%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.222	−0.048%	$62K	—	150x	as long as short
Ondo Perps HYPE-USD.P	+0.0006%	1h	93.170	−0.103%	$701K	$1.2M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus HYPE-USD	+0.0011%	1h	93.179	−0.093%	$1.0M	$3.9M	10x	as long as short
Bitget HYPEUSDT	+0.0014%	4h	93.250	−0.017%	$225.5M	$98.9M	75x	as long as short
Bybit HYPEUSDT	+0.0020%	8h	93.269	+0.003%	$316.9M	$283.8M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	93.305	+0.042%	$209K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0041%	8h	93.220	−0.049%	$12.6M	$2.7M	50x	as long as short
edgeX HYPEUSDC	+0.0084%	4h	93.341	+0.080%	$5.0M	$29.9M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	93.231	−0.038%	$339K	$162K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.233	−0.035%	$16.1M	$63.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.237	−0.031%	$3.1M	$11.4M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.204	−0.066%	$76K	$1.1M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	93.210	−0.060%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.201	−0.070%	$8.0M	$48.5M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.269	+0.003%	$2.03B	$667.9M	10x	as long as short
Aster HYPEUSDTlong	+0.0100%	4h	93.266	long leg	$8.7M	$36.5M	300x
Pacifica HYPE	+0.0100%	1h	93.218	−0.052%	$10.0M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.267	+0.001%	$373.7M	$913.6M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.284	+0.019%	$114.4M	$309.3M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.261	−0.005%	$46.5M	$54.2M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.272	+0.006%	$90.1M	$80.8M	100x	as long as short
KuCoin HYPEUSDTMshort	+0.0100%	4h	93.251	−0.016%	$46.1M	$18.9M	75x
BingX HYPE-USDT	+0.0100%	4h	93.273	+0.008%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.254	−0.013%	$7.3M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.140	−0.135%	$28.5M	$56.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.223	−0.046%	$7.5M	$47.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.222	−0.047%	$342K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.169	−0.104%	$667K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.265	−0.001%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.239	−0.029%	$483K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.221	−0.048%	$79K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.179	−0.094%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.188	−0.084%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.222	−0.047%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.350	+0.090%	$1.4M	$6.4M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.344	+0.084%	$215K	$15K	10x	as long as short
Kalshi KXHYPEPERP	+0.0103%	8h	93.252	−0.015%	$1.8M	$5.7M	2.3x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.233	−0.035%	$18.1M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.219	−0.050%	$394K	$161K	20x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	93.220	−0.049%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.270	+0.004%	$4.8M	$5.6M	50x	as long as short
Reya HYPERUSDPERP	+0.0268%	1h	93.228	−0.040%	$80K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.229	−0.040%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.179	−0.093%	$16.8M	$11.9M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0341%	1h	93.289	+0.025%	$20.8M	$29.6M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0479%	1h	93.314	+0.051%	$7.5M	$4.0M	50x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	93.273	+0.007%	$3.2M	$6.2M	20x	as long as short