Funding you earn now, next payment 03:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.018%
Price spread now: Aster against Bulk+0.213%7-day average −0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs+$8as in the Price arb table
costs, in and out, $10k−$180.179% of the position
Funding, last 4 days (all we have)−0.021%−$2 on $10k
+Price spread, last 4 days (all we have)−0.419%−$42 · spread now +0.213%, 7d avg −0.047%
=Together, before fees−0.440%+ Points / potential airdropAster: Stage 5 · farm board−$44 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.260% dearer against Bulk than usual: you sell high and buy low (spread +0.213% now, against its 7-day average of −0.047%): +$26 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 12 days. At the pace of the last 4 days (−0.021% in total) that is about 44 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk HYPE-USD | 93.217 | 0.0100 | pay 0.0013% / 1h | 21m 07s | $203K | $10K | 10x |
| Short | Aster HYPEUSDT | 93.416 | 0.0028 | get 0.0014% / 4h | 1h 21m | $8.8M | $35.6M | 300x |
Bulk HYPE-USD
Aster HYPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Bulk. 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
- −$15.17
- Price spread: +0.213% → −0.047%
- $26.03
- Slippage, 4 orders
- −$2.91
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$7.05
- Costs to cover
- 0.179%
- Break-even
- from the start
Slippage from Bulk: live order book, 43 min ago; Aster: live order book, 3 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 Bulk live order book, 43 min ago | 0.54 bp | 4.0 bp −$4 | 4.8 bp −$48 | 9.8 bp −$983 | 21.5 bp −$10.8K |
| Sell Aster live order book, 3 min ago | 0.64 bp | 4.7 bp −$5 | 5.1 bp −$51 | 14.4 bp −$1,441 | 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 | −0.1128% | 1h | 93.400 | +0.196% | $197K | $227K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.284 | +0.071% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0111% | 1h | 93.360 | +0.153% | $699K | $1.0M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.382 | +0.177% | $3K | $331 | 25x | as long as short |
| Aftermath Perps HYPEUSD | −0.0063% | 1h | 93.394 | +0.189% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.439 | +0.238% | $85K | $343K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0045% | 4h | 93.369 | +0.163% | $154K | $652K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0038% | 8h | 93.379 | +0.173% | $12.6M | $2.7M | 50x | as long as short |
| Bullet HYPE-USD | −0.0001% | 1h | 93.403 | +0.199% | $111K | $578K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.398 | +0.194% | $128K | $31K | 5x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
Phemex HYPEUSDT
Bullet HYPE-USD
dYdX HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 93.381 | +0.175% | $23K | $319K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.416 | +0.213% | $63K | — | 150x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.480 | +0.282% | $213K | $1.2M | 10x | as long as short |
| Aster HYPEUSDTshort | +0.0028% | 4h | 93.416 | +0.213% | $8.8M | $35.6M | 300x | |
| BingX HYPE-USDT | +0.0034% | 4h | 93.382 | +0.177% | — | $52.9M | — | as long as short |
| Bybit HYPEUSDT | +0.0043% | 8h | 93.371 | +0.165% | $321.5M | $277.1M | 75x | as long as short |
| Gate HYPE_USDT | +0.0058% | 4h | 93.378 | +0.172% | $44.6M | $55.1M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0075% | 8h | 93.370 | +0.164% | $114.1M | $300.8M | 50x | as long as short |
| Derive HYPE-PERP | +0.0082% | 1h | 93.361 | +0.154% | $16.2M | $7.5M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.411 | +0.208% | $16.3M | $62.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.396 | +0.192% | $3.1M | $11.6M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.413 | +0.210% | $71K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.409 | +0.206% | $339K | $162K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.400 | +0.196% | $12K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.385 | +0.180% | $5.8M | $43.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.468 | +0.269% | $2.04B | $653.5M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.401 | +0.198% | $10.0M | $14.7M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.380 | +0.175% | $378.8M | $875.9M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.384 | +0.179% | $89.6M | $80.9M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.400 | +0.196% | $45.9M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.387 | +0.182% | $225.9M | $96.3M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.364 | +0.157% | $7.4M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.186 | −0.034% | $31.1M | $53.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.441 | +0.240% | $7.6M | $45.8M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.396 | +0.192% | $339K | $999K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.440 | +0.239% | $667K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.448 | +0.247% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.444 | +0.243% | $476K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.372 | +0.166% | $79K | $169K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.402 | +0.198% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.385 | +0.180% | $2.0M | $1.9M | 10x | as long as short |
| Bulk HYPE-USDlong | +0.0100% | 1h | 93.217 | long leg | $203K | $10K | 10x | |
| edgeX HYPEUSDC | +0.0100% | 4h | 93.203 | −0.015% | $5.0M | $29.0M | 30x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.361 | +0.154% | $18.4M | $43.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.373 | +0.167% | $397K | $162K | 20x | as long as short |
| HTX HYPE-USDT | +0.0165% | 4h | 93.531 | +0.336% | $1.4M | $6.0M | 75x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.420 | +0.217% | $4.8M | $5.6M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0258% | 1h | 93.396 | +0.191% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0274% | 8h | 93.448 | +0.247% | $1.9M | $5.1M | 2.3x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0285% | 1h | 93.478 | +0.280% | $7.5M | $4.4M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.415 | +0.212% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.367 | +0.161% | $17.0M | $11.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.488 | +0.290% | $3.2M | $6.3M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.730 | +0.550% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0685% | 1h | 93.454 | +0.254% | $20.8M | $29.8M | 50x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Phoenix HYPE
BingX HYPE-USDT
Bybit HYPEUSDT
Gate HYPE_USDT
OKX HYPE-USDT-SWAP
Derive HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
edgeX HYPEUSDC
Extended HYPE-USD
Aevo HYPE-PERP
HTX HYPE-USDT
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD