HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0096%/8h= −10.6% APRnext payment −$0.48 per $10,000 · paid last 24h −0.008%

Price spread now: Aster against MEXC−0.021%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$140.141% of the position

Long on MEXC Short on Aster

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+0.018%+$2 · spread now −0.021%, 7d avg −0.015%

Together, before fees−0.006%+ Points / potential airdropAster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC HYPE_USDT	93.308	0.0100	pay 0.0050% / 4h	2h 53m	$92.1M	$81.5M	100x
Short	Aster HYPEUSDT	93.288	0.0004	get 0.0002% / 4h	2h 53m	$8.9M	$36.3M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$20.24
Price spread: −0.021% → −0.015%: −$0.56
Slippage, 4 orders: −$2.13
Fee MEXC: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$34.92
Costs to cover: 0.141%
Break-even: never at this rate

Slippage from MEXC: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 1 min ago	0.27 bp	2.3 bp −$2	2.3 bp −$23	10.3 bp −$1,033	40.7 bp −$20.3K
Sell Aster live order book, 6 min ago	0.48 bp	5.0 bp −$5	5.6 bp −$56	15.4 bp −$1,540	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
Hibachi HYPE/USDT-P	−0.1312%	1h	93.181	−0.136%	$197K	$235K	7x	as long as short
Ondo Perps HYPE-USD.P	−0.0186%	1h	93.210	−0.105%	$699K	$948K	10x	as long as short
Aftermath Perps HYPEUSD	−0.0107%	1h	93.294	−0.015%	$22K	$22K	10x	as long as short
01 Exchange HYPEUSD	−0.0104%	1h	93.290	−0.019%	$89K	$340K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.231	−0.083%	$3K	$331	25x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.247	−0.065%	$127K	$33K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	93.297	−0.012%	$1.9M	$5.4M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	93.292	−0.017%	$23K	$343K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.343	+0.037%	$20K	—	150x	as long as short
Aster HYPEUSDTshort	+0.0004%	4h	93.288	−0.021%	$8.9M	$36.3M	300x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate HYPE_USDT	+0.0004%	4h	93.293	−0.016%	$44.1M	$56.2M	75x	as long as short
Bullet HYPE-USD	+0.0023%	1h	93.290	−0.020%	$112K	$583K	20x	as long as short
Derive HYPE-PERP	+0.0029%	1h	93.249	−0.063%	$16.4M	$7.1M	10x	as long as short
Bybit HYPEUSDT	+0.0041%	8h	93.281	−0.029%	$325.2M	$288.3M	75x	as long as short
Phoenix HYPE	+0.0068%	1h	93.336	+0.030%	$215K	$1.2M	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0077%	4h	93.308	0.000%	$180K	$536K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.352	+0.047%	$18.5M	$59.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.319	+0.012%	$3.1M	$12.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.275	−0.035%	$56K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.300	−0.009%	$40K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.275	−0.036%	$6.0M	$44.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.351	+0.046%	$2.03B	$668.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.273	−0.038%	$10.0M	$14.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.311	+0.004%	$385.9M	$890.5M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.285	−0.025%	$114.7M	$316.1M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.246	−0.066%	$1.2M	$4.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.386	+0.084%	$204K	$12K	10x	as long as short
MEXC HYPE_USDTlong	+0.0100%	4h	93.308	long leg	$92.1M	$81.5M	100x
KuCoin HYPEUSDTM	+0.0100%	4h	93.324	+0.017%	$46.3M	$19.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.319	+0.012%	$226.7M	$102.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.317	+0.010%	—	$54.4M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.355	+0.050%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.285	−0.025%	$28.8M	$49.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.383	+0.081%	$7.5M	$46.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.338	+0.032%	$405K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.266	−0.045%	$674K	$2.4M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.331	+0.025%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.325	+0.018%	$493K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.295	−0.014%	$76K	$169K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.327	+0.020%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.283	−0.027%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.292	−0.017%	$12.7M	$2.6M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0100%	8h	93.292	−0.017%	$339K	$171K	20x	as long as short
edgeX HYPEUSDC	+0.0101%	4h	93.326	+0.020%	$5.1M	$29.4M	30x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.274	−0.037%	$18.4M	$41.0M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.294	−0.015%	$397K	$318K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.370	+0.066%	$4.9M	$5.7M	50x	as long as short
Reya HYPERUSDPERP	+0.0244%	1h	93.320	+0.013%	$77K	$157K	15x	as long as short
Injective HYPE/USDC PERP	+0.0285%	1h	93.130	−0.191%	$30K	$231K	12x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0165%	1h	93.342	+0.037%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.281	−0.029%	$17.1M	$12.5M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0393%	1h	93.399	+0.098%	$7.4M	$4.6M	50x	as long as short
HTX HYPE-USDT	+0.0412%	4h	93.451	+0.153%	$1.5M	$7.6M	75x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.372	+0.069%	$2.7M	$6.8M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0574%	1h	93.430	+0.131%	$19.2M	$25.8M	50x	as long as short