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+0.0001%/8h= +0.2% APRnext payment +$0.01 per $10,000 · paid last 24h −0.011%
Price spread now: Aster against edgeX+0.100%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$180.183% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.045%−$4 on $10k
Price spread, last 7 days−0.080%−$8 · spread now +0.100%, 7d avg +0.024%
Together, before fees−0.124%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board−$12 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.077% dearer against edgeX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.024%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX HYPEUSDC92.8020.0099pay 0.0049% / 4h3h 32m$4.9M$29.6M30x
ShortAster HYPEUSDT92.8950.0100get 0.0050% / 4h3h 32m$8.7M$36.1M300x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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
$0.31
Price spread: +0.100% → +0.024%
$7.68
Slippage, 4 orders
−$1.32
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Aster: 4 bp × 2 orders
−$8
Net
−$10.34
Costs to cover
0.183%
Break-even
243.1 days
Slippage from edgeX: live order book, 1 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 edgeX live order book, 1 min ago0.32 bp4.8 bp −$55.4 bp −$54234.7 bp −$23.5Kdoesn't fit
Sell Aster live order book, 6 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−0.1400%1h92.616−0.201%$193K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0279%1h92.815+0.014%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h92.832+0.033%$1.1M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.839+0.040%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0064%4h92.860+0.063%$147K$679K20xas long as short
dYdX HYPE-USD0.0000%1h92.819+0.018%$127K$29K5xas long as short
Perpl HYPE0.0000%43m92.838+0.038%$22K$298K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.896+0.102%$62K150xas long as short
Phoenix HYPE+0.0026%1h92.857+0.059%$210K$1.2M10xas long as short
Bybit HYPEUSDT+0.0034%8h92.906+0.112%$316.1M$282.1M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps HYPE-USD.P+0.0042%1h92.760−0.045%$699K$1.1M10xas long as short
Bullet HYPE-USD+0.0044%1h92.868+0.071%$111K$577K20xas long as short
01 Exchange HYPEUSD+0.0048%1h92.895+0.100%$87K$361K20xas long as short
Phemex HYPEUSDT+0.0051%8h92.908+0.114%$12.5M$2.7M50xas long as short
Bitget HYPEUSDT+0.0058%4h92.883+0.087%$224.9M$99.1M75xas long as short
Popdex HYPEUSDT+0.0072%1h92.875+0.079%$70K$1.1M50xas long as short
Lighter HYPE+0.0096%1h92.899+0.105%$16.0M$62.6M20xas long as short
Lighter RH HYPE+0.0096%1h92.899+0.105%$3.1M$11.6M20xas long as short
Paradex HYPE-USD-PERP+0.0097%8h92.853+0.055%$339K$163K20xas long as short
edgeX HYPEUSDClong+0.0099%4h92.802long leg$4.9M$29.6M30x
Katana Perps HYPE-USD+0.0099%8h92.820+0.020%$30K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h92.811+0.010%$7.6M$45.9M10xas long as short
Hyperliquid HYPE+0.0100%1h92.920+0.127%$2.02B$666.4M10xas long as short
Aster HYPEUSDTshort+0.0100%4h92.895+0.100%$8.7M$36.1M300x
Pacifica HYPE+0.0100%1h92.840+0.041%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h92.930+0.138%$373.5M$905.1M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h92.914+0.121%$113.8M$304.5M50xas long as short
Gate HYPE_USDT+0.0100%4h92.910+0.117%$45.0M$54.1M75xas long as short
MEXC HYPE_USDT+0.0100%4h92.886+0.091%$87.0M$80.3M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.881+0.085%$46.1M$18.4M75xas long as short
BingX HYPE-USDT+0.0100%4h92.915+0.122%$54.0Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.890+0.095%$7.3M$11.3M20xas long as short
Variational Omni HYPE+0.0100%8h92.829+0.029%$28.5M$57.4Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.842+0.043%$7.5M$46.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.921+0.128%$341K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h92.833+0.034%$667K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h92.892+0.097%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.909+0.115%$468K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.868+0.071%$79K$167K20xas long as short
Derive HYPE-PERP+0.0100%1h92.861+0.063%$16.0M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h92.936+0.145%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.874+0.078%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h92.770−0.034%$202K$13K10xas long as short
Extended HYPE-USD+0.0104%1h92.850+0.051%$18.0M$43.6M50xas long as short
Aevo HYPE-PERP+0.0104%1h92.878+0.082%$393K$164K20xas long as short
HTX HYPE-USDT+0.0122%4h93.000+0.214%$1.4M$6.3M75xas long as short
Kalshi KXHYPEPERP+0.0133%8h92.819+0.018%$1.8M$5.4M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h92.890+0.095%$4.7M$5.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0197%1h92.929+0.137%$20.6M$30.5M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h93.150+0.375%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0265%1h92.868+0.071%$79K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h92.892+0.098%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h92.864+0.067%$16.8M$11.6M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0460%1h92.972+0.183%$7.5M$4.5M50xas long as short
RISEx HYPE/USDC+0.0598%1h92.945+0.154%$3.2M$6.4M20xas long as short