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+0.0004%/8h= +0.4% APRnext payment +$0.02 per $10,000 · paid last 24h +0.003%
Price spread now: Aster against Gate+0.066%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$320.315% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.044%+$4 on $10k
Price spread, last 7 days−0.065%−$7 · spread now +0.066%, 7d avg +0.005%
Together, before fees−0.021%+ Points / potential airdropAster: Stage 5 · farm board−$2 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 0.061% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate HYPE_USDT92.7420.0096pay 0.0048% / 4h3h 34m$44.9M$54.0M75x
ShortAster HYPEUSDT92.8040.0100get 0.0050% / 4h3h 34m$8.7M$36.1M300x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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
$0.82
Price spread: +0.066% → +0.005%
$6.13
Slippage, 4 orders
−$8.5
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Aster: 4 bp × 2 orders
−$8
Net
−$24.55
Costs to cover
0.315%
Break-even
216.9 days
Slippage from Gate: live order book, 5 min ago; Aster: live order book, 5 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 Gate live order book, 5 min ago0.65 bp11.5 bp −$1215.6 bp −$15629.1 bp −$2,91455.8 bp −$27.9K
Sell Aster live order book, 5 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%1h92.718−0.025%$193K$229K7xas long as short
Aftermath Perps HYPEUSD−0.0272%1h92.840+0.105%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h92.762+0.022%$1.1M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.839+0.105%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0064%4h92.794+0.056%$147K$679K20xas long as short
dYdX HYPE-USD0.0000%1h92.819+0.083%$127K$29K5xas long as short
Perpl HYPE0.0000%43m92.787+0.049%$22K$298K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.828+0.093%$62K150xas long as short
Phoenix HYPE+0.0026%1h92.975+0.251%$210K$1.2M10xas long as short
Bybit HYPEUSDT+0.0034%8h92.745+0.003%$315.6M$282.0M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps HYPE-USD.P+0.0037%1h92.750+0.009%$699K$1.1M10xas long as short
Bullet HYPE-USD+0.0046%1h92.799+0.061%$111K$577K20xas long as short
01 Exchange HYPEUSD+0.0048%1h92.824+0.088%$87K$361K20xas long as short
Phemex HYPEUSDT+0.0048%8h92.821+0.085%$12.5M$2.7M50xas long as short
Bitget HYPEUSDT+0.0060%4h92.759+0.018%$224.6M$99.1M75xas long as short
Popdex HYPEUSDT+0.0072%1h92.795+0.057%$69K$1.1M50xas long as short
edgeX HYPEUSDC+0.0090%4h92.901+0.172%$4.9M$29.6M30xas long as short
Lighter HYPE+0.0096%1h92.797+0.059%$16.0M$62.5M20xas long as short
Lighter RH HYPE+0.0096%1h92.792+0.054%$3.1M$11.6M20xas long as short
Gate HYPE_USDTlong+0.0096%4h92.742long leg$44.9M$54.0M75x
Paradex HYPE-USD-PERP+0.0097%8h92.822+0.086%$339K$163K20xas long as short
Katana Perps HYPE-USD+0.0099%8h92.760+0.019%$36K$1.7M10xas long as short
Aster HYPEUSDTshort+0.0100%4h92.804+0.066%$8.7M$36.1M300x
Nado HYPE-PERP+0.0100%1h92.769+0.029%$7.6M$45.9M10xas long as short
Hyperliquid HYPE+0.0100%1h92.791+0.053%$2.02B$666.3M10xas long as short
Pacifica HYPE+0.0100%1h92.826+0.091%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h92.754+0.012%$372.8M$905.0M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h92.761+0.020%$113.7M$304.0M50xas long as short
Bulk HYPE-USD+0.0100%1h92.923+0.195%$202K$13K10xas long as short
MEXC HYPE_USDT+0.0100%4h92.783+0.044%$86.9M$80.3M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.810+0.073%$46.0M$18.4M75xas long as short
BingX HYPE-USDT+0.0100%4h92.733−0.010%$54.0Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.758+0.017%$7.2M$11.3M20xas long as short
Variational Omni HYPE+0.0100%8h92.829+0.094%$28.5M$57.4Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.831+0.096%$7.5M$46.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.921+0.193%$341K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h92.833+0.098%$667K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h92.852+0.118%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.844+0.110%$468K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.801+0.064%$79K$167K20xas long as short
Derive HYPE-PERP+0.0100%1h92.788+0.049%$16.0M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h92.881+0.150%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.787+0.049%$2.0M$2.0M10xas long as short
Extended HYPE-USD+0.0104%1h92.723−0.020%$18.0M$43.6M50xas long as short
Aevo HYPE-PERP+0.0104%1h92.810+0.073%$392K$164K20xas long as short
HTX HYPE-USDT+0.0126%4h92.950+0.224%$1.4M$6.3M75xas long as short
Kalshi KXHYPEPERP+0.0133%8h92.872+0.140%$1.8M$5.4M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h92.860+0.127%$4.7M$5.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0197%1h92.828+0.092%$20.6M$30.5M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h92.730−0.013%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0265%1h92.798+0.060%$79K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h92.825+0.090%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h92.803+0.066%$16.8M$11.6M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0429%1h92.883+0.152%$7.5M$4.5M50xas long as short
RISEx HYPE/USDC+0.0598%1h92.860+0.127%$3.2M$6.4M20xas long as short