Settings8H · net · $10k
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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0109%/8h= +11.9% APRpaid last 24h +0.010%
Price spread now: Phemex against Aster+0.104%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$650.645% of the position
Long on AsterShort on Phemex
What this pair did over the last
the charts below follow
Funding, last 7 days+0.040%+$4 on $10k
Price spread, last 3 days (all we have)−0.141%−$14 · spread now +0.104%, 7d avg +0.018%
Together, before fees−0.101%+ Points / potential airdropAster: Stage 5 · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phemex is 0.086% dearer against Aster than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster HYPEUSDT93.073−0.0036get 0.0018% / 4h2h 53m$8.9M$36.2M300x
ShortPhemex HYPEUSDT93.1700.0072get 0.0072% / 8h6h 53m$12.6M$2.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phemex against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$22.8
Price spread: +0.104% → +0.018%
$8.63
Slippage, 4 orders
−$44.5
Fee Aster: 4 bp × 2 orders
−$8
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$33.08
Costs to cover
0.645%
Break-even
17.2 days
Slippage from Aster: live order book, 5 min ago; Phemex: live order book, 5 min ago.

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, 5 min ago0.59 bp4.6 bp −$54.8 bp −$4810.9 bp −$1,086doesn't fit
Sell Phemex live order book, 5 min ago7.24 bp25.9 bp −$2647.7 bp −$477doesn't fitdoesn't fit

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−0.1080%1h93.025−0.052%$196K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h92.982−0.098%$1.2M$3.9M10xas long as short
ApeX Omni HYPEUSDT−0.0434%1h93.179+0.114%$337K$1.1M50xas long as short
Backpack HYPE_USDC_PERP−0.0214%1h93.099+0.028%$7.8M$10.6M20xas long as short
Aftermath Perps HYPEUSD−0.0195%1h93.309+0.254%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0121%1h93.120+0.050%$702K$965K10xas long as short
01 Exchange HYPEUSD−0.0096%1h93.129+0.060%$84K$360K20xas long as short
Gate HYPE_USDT−0.0088%4h93.096+0.025%$44.1M$53.5M75xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.065−0.009%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0046%4h93.089+0.017%$158K$648K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDTlong−0.0036%4h93.073long leg$8.9M$36.2M300x
Bluefin HYPE-PERP−0.0031%1h93.141+0.073%$79K$173K20xas long as short
dYdX HYPE-USD0.0000%1h93.184+0.119%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.098+0.027%$23K$330K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.141+0.073%$25K—150xas long as short
BingX HYPE-USDT+0.0016%4h93.101+0.030%—$54.1M—as long as short
Bybit HYPEUSDT+0.0024%8h93.130+0.061%$318.8M$282.2M75xas long as short
MEXC HYPE_USDT+0.0034%4h93.141+0.073%$85.8M$81.5M100xas long as short
Phoenix HYPE+0.0034%1h93.318+0.263%$212K$1.2M10xas long as short
Binance HYPEUSDT+0.0035%4h93.128+0.059%$378.7M$901.8M75xas long as short
Derive HYPE-PERP+0.0039%1h93.100+0.029%$16.2M$7.6M10xas long as short
edgeX HYPEUSDC+0.0059%4h93.202+0.138%$5.0M$29.7M30xas long as short
OKX HYPE-USDT-SWAP+0.0067%8h93.147+0.080%$114.9M$314.1M50xas long as short
Bullet HYPE-USD+0.0067%1h93.118+0.048%$112K$578K20xas long as short
Phemex HYPEUSDTshort+0.0072%8h93.170+0.104%$12.6M$2.7M50x
Aevo HYPE-PERP+0.0088%1h93.144+0.076%$396K$177K20xas long as short
Lighter HYPE+0.0096%1h93.121+0.052%$17.7M$59.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.112+0.042%$3.0M$11.7M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.124+0.055%$64K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.135+0.067%$338K$165K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.100+0.029%$37K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.048−0.026%$6.5M$44.7M10xas long as short
Hyperliquid HYPE+0.0100%1h93.129+0.061%$2.03B$669.1M10xas long as short
Pacifica HYPE+0.0100%1h93.124+0.055%$10.0M$14.7M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.078+0.005%$45.8M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.101+0.030%$225.3M$100.6M75xas long as short
Variational Omni HYPE+0.0100%8h92.991−0.089%$30.4M$54.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.0730.000%$7.5M$46.7M10xas long as short
StandX HYPE-USD+0.0100%1h93.076+0.003%$664K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.113+0.043%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.090+0.018%$473K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.129+0.060%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.149+0.082%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.250+0.190%$203K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.086+0.014%$18.3M$44.5M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.090+0.018%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h92.930−0.154%$30K$338K12xas long as short
BloFin HYPE-USDT+0.0145%4h93.121+0.052%$17.0M$12.1M75xas long as short
RISEx HYPE/USDC+0.0210%1h93.144+0.076%$2.7M$6.7M20xas long as short
Kalshi KXHYPEPERP+0.0252%8h93.172+0.106%$1.9M$5.2M2.3xas long as short
Reya HYPERUSDPERP+0.0253%1h93.067−0.006%$79K$142K15xas long as short
HTX HYPE-USDT+0.0303%4h93.298+0.242%$1.5M$6.1M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0334% / S −0.0158%1h93.134+0.066%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0651%1h93.264+0.205%$7.4M$4.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0684%1h93.240+0.179%$20.8M$29.9M50xas long as short