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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC−0.0069%/8h= −7.6% APRpaid last 24h −0.012%
Price spread now: Aster against Polymarket Perps−0.016%7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$210.211% of the position
Long on Polymarket PerpsShort on Aster
What this pair did over the last
the charts below follow
Funding, last 7 days+0.010%+$1 on $10k
Price spread, last 7 days−0.022%−$2 · spread now −0.016%, 7d avg +0.037%
Together, before fees−0.012%+ Points / potential airdropAster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.053% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.037%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps HYPE-USD93.9470.0100pay 0.0013% / 1h34m 21s$491K$2.5M20x
ShortAster HYPEUSDT93.9320.0031get 0.0015% / 4h34m 21s$8.9M$35.9M300x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Polymarket Perps. 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
−$14.55
Price spread: −0.016% → +0.037%
−$5.34
Slippage, 4 orders
−$5.1
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Aster: 4 bp × 2 orders
−$8
Net
−$40.99
Costs to cover
0.211%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 4 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 Polymarket Perps live order book, 4 min ago1.70 bp6.5 bp −$77.0 bp −$70doesn't fitdoesn't fit
Sell Aster live order book, 5 min ago0.37 bp4.4 bp −$44.8 bp −$4812.1 bp −$1,206doesn'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−0.0768%1h93.809−0.147%$199K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0382%1h94.058+0.118%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.854−0.099%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.958+0.012%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0044%1h93.860−0.093%$704K$908K10xas long as short
01 Exchange HYPEUSD−0.0008%1h93.911−0.038%$87K$366K20xas long as short
Derive HYPE-PERP−0.0004%1h93.850−0.103%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h94.037+0.096%$128K$30K5xas long as short
Perpl HYPE0.0000%43m93.978+0.033%$23K$328K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.950+0.003%$26K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_HYPE_USDC+0.0005%4h93.919−0.030%$164K$579K20xas long as short
Phoenix HYPE+0.0009%1h94.133+0.198%$215K$1.2M10xas long as short
Bybit HYPEUSDT+0.0020%8h93.895−0.055%$323.2M$282.4M75xas long as short
Aster HYPEUSDTshort+0.0031%4h93.932−0.016%$8.9M$35.9M300x
Phemex HYPEUSDT+0.0062%8h93.961+0.015%$12.8M$2.6M50xas long as short
MEXC HYPE_USDT+0.0064%4h93.924−0.024%$87.9M$81.4M100xas long as short
Binance HYPEUSDT+0.0066%4h93.921−0.028%$384.2M$891.6M75xas long as short
Gate HYPE_USDT+0.0078%4h93.927−0.021%$44.4M$58.8M75xas long as short
edgeX HYPEUSDC+0.0081%4h94.027+0.085%$5.1M$29.8M30xas long as short
Lighter HYPE+0.0096%1h94.016+0.073%$18.9M$59.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.976+0.031%$3.1M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.929−0.019%$63K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.923−0.026%$400K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.955+0.009%$341K$171K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.960+0.014%$29K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.921−0.027%$5.7M$44.3M10xas long as short
Pacifica HYPE+0.0100%1h93.971+0.026%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.912−0.037%$115.9M$319.8M50xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.959+0.013%$47.2M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.917−0.032%$227.5M$102.7M75xas long as short
BingX HYPE-USDT+0.0100%4h93.906−0.044%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.991+0.047%$7.9M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.974+0.029%$31.3M$54.0M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.053+0.113%$7.6M$45.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.014+0.071%$339K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h94.028+0.086%$680K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.963+0.017%—$454K5xas long as short
Polymarket Perps HYPE-USDlong+0.0100%1h93.947long leg$491K$2.5M20x
Bullet HYPE-USD+0.0100%1h93.905−0.045%$112K$578K20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.907−0.043%$76K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h93.968+0.022%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.956+0.010%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h94.120+0.184%$205K$7K10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.493%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.921−0.028%$18.4M$42.7M50xas long as short
Kalshi KXHYPEPERP+0.0135%8h94.028+0.086%$1.9M$5.0M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h94.040+0.099%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0222%4h94.142+0.208%$1.5M$7.8M75xas long as short
Reya HYPERUSDPERP+0.0249%1h93.916−0.033%$77K$142K15xas long as short
BloFin HYPE-USDT+0.0264%4h93.962+0.016%$17.0M$12.6M75xas long as short
RISEx HYPE/USDC+0.0284%1h93.963+0.018%$2.8M$6.9M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0163%1h93.939−0.009%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0346%1h94.023+0.081%$7.4M$4.6M50xas long as short
Hyperliquid HYPE+0.0373%1h94.011+0.068%$2.05B$668.5M10xas long as short
Kraken Futures PF_HYPEUSD+0.0577%1h94.069+0.130%$21.0M$29.3M50xas long as short