HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0206%/8h= −22.5% APRnext payment −$1.03 per $10,000 · paid last 24h −0.049%

Price spread now: Aster against HTX−0.037%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on HTX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 3 days (all we have)+0.179%+$18 · spread now −0.037%, 7d avg −0.049%

Together, before fees+0.099%+ Points / potential airdropAster: Stage 5 · farm board+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.049%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.081% in total (about -4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.03 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX HYPE-USDT	93.740	0.0219	pay 0.0110% / 4h	1h 00m	$1.5M	$7.7M	75x
Short	Aster HYPEUSDT	93.705	0.0014	get 0.0007% / 4h	1h 00m	$8.9M	$35.7M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against HTX. 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

Position, each leg$Hold fordaysFee HTXbpFee AsterbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$43.17
Price spread: −0.037% → −0.049%: $1.19
Slippage, 4 orders: −$8.94
Fee HTX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$70.92
Costs to cover: 0.289%
Break-even: never at this rate

Slippage from HTX: live order book, 3 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 HTX live order book, 3 min ago	0.05 bp	9.4 bp −$9	12.6 bp −$126	34.4 bp −$3,436	doesn't fit
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

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	−0.297%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0456%	1h	93.528	−0.226%	$197K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.492	−0.265%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0128%	1h	93.470	−0.288%	$701K	$898K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.571	−0.180%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0016%	1h	93.580	−0.171%	$91K	$357K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.615	−0.133%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.590	−0.160%	$23K	$330K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.629	−0.118%	$28K	—	150x	as long as short
Popdex HYPEUSDT	+0.0008%	1h	93.561	−0.191%	$62K	$1.2M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDTshort	+0.0014%	4h	93.705	−0.037%	$8.9M	$35.7M	300x
Orderly PERP_HYPE_USDC	+0.0015%	4h	93.618	−0.130%	$176K	$524K	20x	as long as short
Bybit HYPEUSDT	+0.0020%	8h	93.692	−0.051%	$324.1M	$280.8M	75x	as long as short
Phoenix HYPE	+0.0034%	1h	93.456	−0.303%	$214K	$1.2M	10x	as long as short
Bullet HYPE-USD	+0.0063%	1h	93.569	−0.182%	$111K	$577K	20x	as long as short
Gate HYPE_USDT	+0.0064%	4h	93.692	−0.051%	$44.2M	$59.0M	75x	as long as short
MEXC HYPE_USDT	+0.0064%	4h	93.670	−0.075%	$90.6M	$82.5M	100x	as long as short
Binance HYPEUSDT	+0.0065%	4h	93.698	−0.044%	$384.6M	$883.9M	75x	as long as short
Derive HYPE-PERP	+0.0065%	1h	93.578	−0.173%	$16.3M	$6.9M	10x	as long as short
edgeX HYPEUSDC	+0.0071%	4h	93.562	−0.190%	$5.1M	$29.7M	30x	as long as short
Phemex HYPEUSDT	+0.0091%	8h	93.576	−0.175%	$12.8M	$2.6M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.687	−0.057%	$18.7M	$59.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.668	−0.077%	$3.1M	$12.2M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.612	−0.137%	$398K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.580	−0.171%	$340K	$169K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.580	−0.171%	$29K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.537	−0.217%	$5.9M	$44.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.746	+0.006%	$2.04B	$664.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.601	−0.148%	$10.1M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.688	−0.055%	$114.5M	$313.1M	50x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.712	−0.030%	$47.1M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.701	−0.042%	$227.3M	$102.3M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.697	−0.046%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.715	−0.027%	$7.9M	$10.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.352	−0.413%	$30.8M	$51.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.460	−0.299%	$7.5M	$45.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.565	−0.187%	$416K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.549	−0.204%	$677K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.600	−0.149%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.592	−0.158%	$495K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.627	−0.121%	$76K	$166K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.619	−0.129%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.628	−0.119%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.280	−0.491%	$204K	$8K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.647	−0.100%	$18.3M	$41.6M	50x	as long as short
Kalshi KXHYPEPERP	+0.0118%	8h	93.643	−0.103%	$1.9M	$5.1M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.660	−0.085%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDTlong	+0.0219%	4h	93.740	long leg	$1.5M	$7.7M	75x
Injective HYPE/USDC PERP	+0.0239%	1h	93.770	+0.032%	$30K	$338K	12x	as long as short
Reya HYPERUSDPERP	+0.0248%	1h	93.558	−0.194%	$77K	$155K	15x	as long as short
BloFin HYPE-USDT	+0.0259%	4h	93.600	−0.149%	$16.9M	$12.3M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0262%	1h	93.723	−0.018%	$7.4M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.623	−0.125%	$2.8M	$6.8M	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0340% / S −0.0165%	1h	93.616	−0.132%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0463%	1h	93.746	+0.007%	$21.0M	$28.9M	50x	as long as short