Funding you earn now, next payment 23:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h +0.001%
Price spread now: Aster against Derive−0.009%7-day average +0.020% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 3 days (all we have)+0.105%+$11 · spread now −0.009%, 7d avg +0.020%
=Together, before fees+0.087%+ Points / potential airdropAster: Stage 5 · farm board+$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.029% cheaper against Derive than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.020%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive HYPE-PERP | 93.578 | 0.0065 | pay 0.0008% / 1h | 1m 21s | $16.3M | $6.9M | 10x |
| Short | Aster HYPEUSDT | 93.569 | 0.0014 | get 0.0007% / 4h | 1h 01m | $8.9M | $35.7M | 300x |
Derive HYPE-PERP
Aster HYPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Derive. 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
- −$10.81
- Price spread: −0.009% → +0.020%
- −$2.92
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$27.72
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Aster: live order book, 3 min ago. Net counts fees only.
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 Derive no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 3 min ago | 0.48 bp | 5.0 bp −$5 | 5.6 bp −$56 | 13.1 bp −$1,315 | doesn't fit |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps HYPEUSD | −0.0489% | 1h | 93.462 | −0.124% | $22K | $22K | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0456% | 1h | 93.528 | −0.053% | $197K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0131% | 1h | 93.492 | −0.092% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0128% | 1h | 93.470 | −0.115% | $701K | $898K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.571 | −0.007% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0016% | 1h | 93.580 | +0.002% | $91K | $357K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.615 | +0.040% | $127K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.590 | +0.013% | $23K | $330K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.629 | +0.055% | $28K | — | 150x | as long as short |
| Popdex HYPEUSDT | +0.0008% | 1h | 93.561 | −0.018% | $62K | $1.2M | 50x | as long as short |
Aftermath Perps HYPEUSD
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Popdex HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDTshort | +0.0014% | 4h | 93.569 | −0.009% | $8.9M | $35.7M | 300x | |
| Orderly PERP_HYPE_USDC | +0.0015% | 4h | 93.618 | +0.043% | $176K | $524K | 20x | as long as short |
| Bybit HYPEUSDT | +0.0020% | 8h | 93.600 | +0.024% | $323.9M | $280.5M | 75x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.456 | −0.130% | $214K | $1.2M | 10x | as long as short |
| Bullet HYPE-USD | +0.0063% | 1h | 93.569 | −0.009% | $111K | $577K | 20x | as long as short |
| Gate HYPE_USDT | +0.0064% | 4h | 93.600 | +0.024% | $44.2M | $59.0M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0064% | 4h | 93.568 | −0.010% | $90.5M | $82.5M | 100x | as long as short |
| Binance HYPEUSDT | +0.0065% | 4h | 93.602 | +0.026% | $384.2M | $883.5M | 75x | as long as short |
| Derive HYPE-PERPlong | +0.0065% | 1h | 93.578 | long leg | $16.3M | $6.9M | 10x | |
| edgeX HYPEUSDC | +0.0071% | 4h | 93.562 | −0.017% | $5.1M | $29.7M | 30x | as long as short |
| Phemex HYPEUSDT | +0.0093% | 8h | 93.513 | −0.069% | $12.7M | $2.6M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.632 | +0.058% | $18.6M | $59.1M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.609 | +0.033% | $3.1M | $12.2M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.612 | +0.036% | $398K | $318K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.580 | +0.002% | $340K | $169K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.580 | +0.002% | $29K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.537 | −0.044% | $5.9M | $44.0M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.628 | +0.054% | $2.04B | $664.7M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.601 | +0.025% | $10.1M | $14.5M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.603 | +0.027% | $114.3M | $312.6M | 50x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.588 | +0.011% | $47.1M | $18.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.629 | +0.055% | $227.1M | $102.2M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.600 | +0.024% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.550 | −0.030% | $7.9M | $10.5M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.352 | −0.241% | $30.8M | $51.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.460 | −0.126% | $7.5M | $45.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.565 | −0.014% | $416K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.549 | −0.031% | $677K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.600 | +0.024% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.592 | +0.015% | $495K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.627 | +0.053% | $76K | $166K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.596 | +0.020% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.543 | −0.037% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.280 | −0.318% | $204K | $8K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.544 | −0.036% | $18.3M | $41.6M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0120% | 8h | 93.614 | +0.039% | $1.9M | $5.1M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.590 | +0.013% | $4.9M | $5.7M | 50x | as long as short |
| HTX HYPE-USDT | +0.0219% | 4h | 93.706 | +0.137% | $1.5M | $7.7M | 75x | as long as short |
| Injective HYPE/USDC PERP | +0.0239% | 1h | 93.770 | +0.206% | $30K | $338K | 12x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0242% | 1h | 93.632 | +0.058% | $7.4M | $4.5M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0248% | 1h | 93.558 | −0.021% | $77K | $155K | 15x | as long as short |
| BloFin HYPE-USDT | +0.0261% | 4h | 93.563 | −0.016% | $16.9M | $12.4M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0280% | 1h | 93.623 | +0.048% | $2.8M | $6.8M | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0340% / S −0.0165% | 1h | 93.616 | +0.041% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0464% | 1h | 93.658 | +0.085% | $20.9M | $28.9M | 50x | as long as short |
Orderly PERP_HYPE_USDC
Bybit HYPEUSDT
Phoenix HYPE
Bullet HYPE-USD
Gate HYPE_USDT
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
Phemex HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
OKX HYPE-USDT-SWAP
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
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
Bulk HYPE-USD
Extended HYPE-USD
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Injective HYPE/USDC PERP
Deribit HYPE_USDC-PERPETUAL
Reya HYPERUSDPERP
BloFin HYPE-USDT
RISEx HYPE/USDC
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD