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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.20 per $10,000 · paid last 24h −0.008%
Price spread now: Aster against Bitget−0.008%7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$270.269% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.028%+$3 on $10k
Price spread, last 7 days0.000%$0 · spread now −0.008%, 7d avg +0.002%
Together, before fees+0.028%+ Points / potential airdropAster: Stage 5 · farm board+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget HYPEUSDT92.8040.0060pay 0.0030% / 4h3h 34m$224.8M$99.1M75x
ShortAster HYPEUSDT92.7970.0100get 0.0050% / 4h3h 34m$8.7M$36.1M300x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bitget. 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
$8.38
Price spread: −0.008% → +0.002%
−$0.92
Slippage, 4 orders
−$6.86
Fee Bitget: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$19.4
Costs to cover
0.269%
Break-even
23.2 days
Slippage from Bitget: live order book, 5 min ago; Aster: live order book, 4 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 Bitget live order book, 5 min ago0.05 bp10.0 bp −$1013.2 bp −$132doesn't fitdoesn't fit
Sell Aster live order book, 4 min ago0.32 bp4.4 bp −$44.8 bp −$4812.5 bp −$1,250doesn'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−0.1328%1h92.718−0.092%$193K$229K7xas long as short
Aftermath Perps HYPEUSD−0.0272%1h92.858+0.058%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h92.762−0.045%$1.1M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.839+0.038%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0065%4h92.827+0.025%$147K$679K20xas long as short
dYdX HYPE-USD0.0000%1h92.819+0.016%$127K$29K5xas long as short
Perpl HYPE0.0000%43m92.816+0.013%$22K$298K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.847+0.046%$62K150xas long as short
Phoenix HYPE+0.0026%1h92.975+0.184%$210K$1.2M10xas long as short
Bybit HYPEUSDT+0.0034%8h92.800−0.004%$315.8M$281.9M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps HYPE-USD.P+0.0037%1h92.750−0.058%$699K$1.1M10xas long as short
Phemex HYPEUSDT+0.0048%8h92.845+0.044%$12.5M$2.7M50xas long as short
01 Exchange HYPEUSD+0.0048%1h92.824+0.022%$87K$361K20xas long as short
Bullet HYPE-USD+0.0049%1h92.824+0.021%$111K$578K20xas long as short
Bitget HYPEUSDTlong+0.0060%4h92.804long leg$224.8M$99.1M75x
Popdex HYPEUSDT+0.0072%1h92.795−0.010%$69K$1.1M50xas long as short
edgeX HYPEUSDC+0.0090%4h92.901+0.105%$4.9M$29.6M30xas long as short
Lighter HYPE+0.0096%1h92.809+0.005%$16.0M$62.5M20xas long as short
Lighter RH HYPE+0.0096%1h92.818+0.015%$3.1M$11.6M20xas long as short
Gate HYPE_USDT+0.0096%4h92.790−0.015%$44.9M$54.0M75xas long as short
Paradex HYPE-USD-PERP+0.0097%8h92.822+0.020%$339K$163K20xas long as short
Katana Perps HYPE-USD+0.0099%8h92.760−0.047%$36K$1.7M10xas long as short
Aster HYPEUSDTshort+0.0100%4h92.797−0.008%$8.7M$36.1M300x
Nado HYPE-PERP+0.0100%1h92.769−0.038%$7.6M$45.9M10xas long as short
Hyperliquid HYPE+0.0100%1h92.824+0.022%$2.02B$665.8M10xas long as short
Pacifica HYPE+0.0100%1h92.826+0.024%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h92.793−0.012%$373.0M$904.9M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h92.809+0.005%$113.7M$304.0M50xas long as short
Bulk HYPE-USD+0.0100%1h92.923+0.128%$202K$13K10xas long as short
MEXC HYPE_USDT+0.0100%4h92.8040.000%$86.9M$80.3M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.785−0.020%$46.0M$18.4M75xas long as short
BingX HYPE-USDT+0.0100%4h92.805+0.001%$54.0Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.825+0.023%$7.2M$11.3M20xas long as short
Variational Omni HYPE+0.0100%8h92.829+0.027%$28.5M$57.4Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.831+0.029%$7.5M$46.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.921+0.126%$341K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h92.833+0.031%$667K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h92.852+0.051%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.844+0.043%$468K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.801−0.003%$79K$167K20xas long as short
Derive HYPE-PERP+0.0100%1h92.805+0.001%$16.0M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h92.906+0.110%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.807+0.003%$2.0M$2.0M10xas long as short
Extended HYPE-USD+0.0104%1h92.772−0.035%$18.0M$43.6M50xas long as short
Aevo HYPE-PERP+0.0104%1h92.827+0.025%$392K$164K20xas long as short
HTX HYPE-USDT+0.0128%4h92.950+0.157%$1.4M$6.3M75xas long as short
Kalshi KXHYPEPERP+0.0136%8h92.871+0.072%$1.8M$5.4M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h92.860+0.060%$4.7M$5.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0197%1h92.877+0.079%$20.6M$30.5M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h92.730−0.080%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0265%1h92.798−0.007%$79K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h92.841+0.040%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h92.803−0.001%$16.8M$11.6M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0364%1h92.895+0.098%$7.5M$4.5M50xas long as short
RISEx HYPE/USDC+0.0598%1h92.860+0.060%$3.2M$6.4M20xas long as short