Funding you earn now, next payment 23:00 UTC−0.0081%/8h= −8.9% APRpaid last 24h +0.005%
Price spread now: Aster against Ondo Perps+0.200%7-day average −0.008% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.078%+$8 on $10k
+Price spread, last 7 days−0.040%−$4 · spread now +0.200%, 7d avg −0.008%
=Together, before fees+0.038%+ Points / potential airdropOndo Perps: Active · Aster: Stage 5 · farm board+$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.208% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.200% now, against its 7-day average of −0.008%): +$21 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.078%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps HYPE-USD.P | 93.030 | 0.0086 | pay 0.0011% / 1h | 55m 10s | $699K | $930K | 10x |
| Short | Aster HYPEUSDT | 93.216 | 0.0005 | get 0.0003% / 4h | 1h 55m | $8.9M | $35.8M | 300x |
Ondo Perps HYPE-USD.P
Aster HYPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Ondo Perps. 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
- −$17.05
- Price spread: +0.200% → −0.008%
- $20.79
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$9.27
- Costs to cover
- 0.130%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; Aster: live order book, 4 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Aster live order book, 4 min ago | 0.54 bp | 4.6 bp −$5 | 5.5 bp −$55 | 12.5 bp −$1,254 | doesn't fit |
Ondo Perps: 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 | −0.0289% | 1h | 93.231 | +0.216% | $22K | $22K | 10x | as long as short |
| Arcus HYPE-USD | −0.0131% | 1h | 93.127 | +0.104% | $1.2M | $4.1M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.167 | +0.147% | $3K | $331 | 25x | as long as short |
| Hibachi HYPE/USDT-P | −0.0024% | 1h | 93.101 | +0.076% | $197K | $231K | 7x | as long as short |
| Derive HYPE-PERP | −0.0017% | 1h | 93.155 | +0.134% | $16.3M | $7.1M | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.124 | +0.101% | $127K | $32K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.270 | +0.258% | $1.9M | $5.3M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.270 | +0.258% | $23K | $334K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.263 | +0.250% | $20K | — | 150x | as long as short |
| Aster HYPEUSDTshort | +0.0005% | 4h | 93.216 | +0.200% | $8.9M | $35.8M | 300x |
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Hibachi HYPE/USDT-P
Derive HYPE-PERP
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange HYPEUSD | +0.0008% | 1h | 93.264 | +0.252% | $90K | $361K | 20x | as long as short |
| Bybit HYPEUSDT | +0.0029% | 8h | 93.220 | +0.204% | $324.5M | $286.6M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0032% | 1h | 93.230 | +0.215% | $57K | $1.2M | 50x | as long as short |
| Gate HYPE_USDT | +0.0042% | 4h | 93.230 | +0.215% | $44.1M | $56.7M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0046% | 4h | 93.232 | +0.217% | $165K | $515K | 20x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.222 | +0.206% | $216K | $1.2M | 10x | as long as short |
| Ondo Perps HYPE-USD.Plong | +0.0086% | 1h | 93.030 | long leg | $699K | $930K | 10x | |
| Vest HYPE-PERP | +0.0095% | 1h | 93.250 | +0.237% | — | $454K | 5x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.270 | +0.258% | $18.6M | $58.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.247 | +0.233% | $3.0M | $12.0M | 20x | as long as short |
| ApeX Omni HYPEUSDT | +0.0096% | 1h | 93.051 | +0.023% | $404K | $1.0M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.161 | +0.141% | $338K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.170 | +0.150% | $40K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.204 | +0.187% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.265 | +0.253% | $2.03B | $674.8M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.176 | +0.157% | $10.0M | $14.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.243 | +0.229% | $384.4M | $891.5M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.221 | +0.205% | $114.5M | $315.0M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.271 | +0.259% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.258 | +0.245% | $91.4M | $81.2M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.217 | +0.201% | $47.1M | $19.0M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.241 | +0.227% | $226.2M | $102.8M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.216 | +0.200% | — | $54.1M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.262 | +0.249% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.107 | +0.083% | $29.0M | $50.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.072 | +0.045% | $7.5M | $44.8M | 10x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.082 | +0.056% | $673K | $2.5M | 20x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.270 | +0.258% | $493K | $2.6M | 20x | as long as short |
| Bullet HYPE-USD | +0.0100% | 1h | 93.228 | +0.213% | $112K | $580K | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.241 | +0.227% | $76K | $167K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.264 | +0.252% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.226 | +0.211% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.230 | +0.215% | $12.7M | $2.6M | 50x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.199 | +0.181% | $18.3M | $41.8M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.220 | +0.204% | $397K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0112% | 4h | 93.244 | +0.230% | $5.1M | $29.3M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.270 | +0.258% | $4.9M | $5.7M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0239% | 1h | 93.910 | +0.946% | $31K | $338K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0246% | 1h | 93.272 | +0.260% | $78K | $158K | 15x | as long as short |
| RISEx HYPE/USDC | +0.0280% | 1h | 93.229 | +0.214% | $2.8M | $6.8M | 20x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0297% | 1h | 93.323 | +0.315% | $7.4M | $4.6M | 50x | as long as short |
| HTX HYPE-USDT | +0.0301% | 4h | 93.400 | +0.398% | $1.5M | $7.6M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0338% / S −0.0165% | 1h | 93.251 | +0.238% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.216 | +0.200% | $17.0M | $12.5M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0465% | 1h | 93.356 | +0.350% | $20.8M | $28.3M | 50x | as long as short |
01 Exchange HYPEUSD
Bybit HYPEUSDT
Popdex HYPEUSDT
Gate HYPE_USDT
Orderly PERP_HYPE_USDC
Phoenix HYPE
Vest HYPE-PERP
Lighter HYPE
Lighter RH HYPE
ApeX Omni HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
StandX HYPE-USD
Polymarket Perps HYPE-USD
Bullet HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
RISEx HYPE/USDC
Deribit HYPE_USDC-PERPETUAL
HTX HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD