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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0014%/8h= −1.5% APRpaid last 24h −0.001%
Price spread now: Aster against Bybit+0.068%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$210.213% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.024%+$2 on $10k
Price spread, last 7 days−0.056%−$6 · spread now +0.068%, 7d avg +0.009%
Together, before fees−0.031%+ Points / potential airdropAster: Stage 5 · farm board−$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.059% dearer against Bybit than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of +0.009%): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 14 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit HYPEUSDT93.3950.0034pay 0.0034% / 8h2h 13m$325.3M$287.0M75x
ShortAster HYPEUSDT93.4580.0020get 0.0010% / 4h2h 13m$8.9M$35.8M300x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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
−$2.95
Price spread: +0.068% → +0.009%
$5.85
Slippage, 4 orders
−$2.29
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Aster: 4 bp × 2 orders
−$8
Net
−$18.39
Costs to cover
0.213%
Break-even
never at this rate
Slippage from Bybit: live order book, 6 min ago; Aster: live order book, 6 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 Bybit live order book, 6 min ago0.54 bp6.2 bp −$69.9 bp −$9919.0 bp −$1,89967.8 bp −$33.9K
Sell Aster live order book, 6 min ago0.48 bp4.5 bp −$55.8 bp −$5815.1 bp −$1,505doesn'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−0.0928%1h93.539+0.154%$198K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0264%1h93.617+0.238%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0233%1h93.440+0.048%$702K$932K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.537+0.152%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.470+0.080%$90K$346K20xas long as short
Bullet HYPE-USD−0.0025%1h93.421+0.027%$111K$581K20xas long as short
Derive HYPE-PERP−0.0025%1h93.364−0.033%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.567+0.184%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.445+0.053%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.451+0.060%$20K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDTshort+0.0020%4h93.458+0.068%$8.9M$35.8M300x
Gate HYPE_USDT+0.0026%4h93.429+0.036%$43.9M$57.5M75xas long as short
Bybit HYPEUSDTlong+0.0034%8h93.395long leg$325.3M$287.0M75x
Popdex HYPEUSDT+0.0048%1h93.449+0.058%$59K$1.2M50xas long as short
Orderly PERP_HYPE_USDC+0.0058%4h93.425+0.032%$176K$520K20xas long as short
Phoenix HYPE+0.0068%1h93.605+0.225%$216K$1.2M10xas long as short
Lighter HYPE+0.0096%1h93.440+0.049%$18.6M$59.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.426+0.033%$3.1M$12.4M20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.479+0.090%$340K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.490+0.102%$37K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.445+0.054%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.554+0.170%$2.04B$670.7M10xas long as short
Pacifica HYPE+0.0100%1h93.511+0.124%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.414+0.020%$385.6M$889.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.397+0.002%$114.8M$315.3M50xas long as short
Arcus HYPE-USD+0.0100%1h93.440+0.048%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.690+0.315%$205K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.420+0.027%$93.4M$82.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.502+0.115%$46.4M$18.8M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.416+0.022%$227.0M$102.5M75xas long as short
BingX HYPE-USDT+0.0100%4h93.409+0.015%$54.2Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.569+0.186%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.561+0.178%$29.2M$50.1Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.632+0.254%$7.5M$45.3M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.558+0.175%$406K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.583+0.201%$677K$2.5M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.480+0.091%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.384−0.012%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.539+0.154%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.403+0.009%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.380−0.016%$12.7M$2.6M50xas long as short
Vest HYPE-PERP+0.0100%1h93.513+0.126%$454K5xas long as short
Extended HYPE-USD+0.0104%1h93.3950.000%$18.3M$41.4M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.450+0.059%$398K$318K20xas long as short
Kalshi KXHYPEPERP+0.0112%8h93.560+0.177%$1.9M$5.3M2.3xas long as short
edgeX HYPEUSDC+0.0118%4h93.534+0.149%$5.1M$29.7M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.500+0.112%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0246%1h93.435+0.043%$78K$158K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0253%1h93.520+0.134%$7.4M$4.6M50xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.400+0.005%$30K$291K12xas long as short
HTX HYPE-USDT+0.0295%4h93.650+0.273%$1.5M$7.6M75xas long as short
BloFin HYPE-USDT+0.0340%4h93.405+0.011%$17.1M$12.4M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0346% / S −0.0171%1h93.454+0.063%$1.5M100xas long as short
RISEx HYPE/USDC+0.0467%1h93.523+0.137%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0573%1h93.511+0.124%$19.1M$26.1M50xas long as short