Settings8H · net · $10k
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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 22:00 UTC−0.0068%/8h= −7.5% APRpaid last 24h −0.011%
Price spread now: Aster against Popdex−0.020%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$170.169% of the position
Long on PopdexShort on Aster
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.009%−$1 on $10k
Price spread, last 7 days+0.027%+$3 · spread now −0.020%, 7d avg −0.015%
Together, before fees+0.018%+ Points / potential airdropAster: Stage 5 · farm board+$2 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: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex HYPEUSDT93.3190.0080pay 0.0010% / 1h38m 59s$56K$1.2M50x
ShortAster HYPEUSDT93.3000.0012get 0.0006% / 4h2h 38m$8.9M$35.9M300x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Popdex. 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
−$14.36
Price spread: −0.020% → −0.015%
−$0.5
Slippage, 4 orders
−$2.52
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee Aster: 4 bp × 2 orders
−$8
Net
−$31.78
Costs to cover
0.169%
Break-even
never at this rate
Slippage from Popdex: 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 Popdex live order book, 5 min ago0.16 bp3.5 bp −$34.0 bp −$4021.9 bp −$2,189doesn't fit
Sell Aster live order book, 5 min ago0.38 bp5.3 bp −$55.8 bp −$5813.4 bp −$1,336doesn'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−0.1160%1h93.364+0.049%$197K$233K7xas long as short
Ondo Perps HYPE-USD.P−0.0257%1h93.330+0.012%$700K$943K10xas long as short
Aftermath Perps HYPEUSD−0.0227%1h93.388+0.074%$22K$22K10xas long as short
01 Exchange HYPEUSD−0.0088%1h93.345+0.028%$89K$345K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.419+0.107%$3K$33125xas long as short
dYdX HYPE-USD0.0000%1h93.398+0.085%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.366+0.050%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.366+0.050%$20K—150xas long as short
Derive HYPE-PERP+0.0003%1h93.292−0.029%$16.4M$7.1M10xas long as short
Gate HYPE_USDT+0.0008%4h93.276−0.046%$44.0M$56.5M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet HYPE-USD+0.0008%1h93.329+0.011%$112K$583K20xas long as short
Aster HYPEUSDTshort+0.0012%4h93.300−0.020%$8.9M$35.9M300x
Bybit HYPEUSDT+0.0035%8h93.300−0.020%$325.0M$287.4M75xas long as short
Phoenix HYPE+0.0068%1h93.527+0.223%$216K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0072%4h93.327+0.009%$180K$529K20xas long as short
Popdex HYPEUSDTlong+0.0080%1h93.319long leg$56K$1.2M50x
Lighter HYPE+0.0096%1h93.358+0.042%$18.5M$59.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.326+0.008%$3.1M$12.3M20xas long as short
SoDEX HYPE-USD+0.0099%1h93.291−0.030%$2.0M$2.0M10xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.364+0.048%$339K$171K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.370+0.055%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.325+0.006%$6.0M$44.2M10xas long as short
Hyperliquid HYPE+0.0100%1h93.380+0.065%$2.03B$667.4M10xas long as short
Pacifica HYPE+0.0100%1h93.359+0.043%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.304−0.016%$385.2M$888.7M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.291−0.030%$114.6M$315.0M50xas long as short
Arcus HYPE-USD+0.0100%1h93.308−0.012%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.403+0.090%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.281−0.041%$92.6M$82.0M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.311−0.009%$46.4M$19.0M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.295−0.026%$226.6M$102.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.289−0.032%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.315−0.004%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.375+0.061%$28.9M$49.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.408+0.096%$7.5M$44.9M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.381+0.066%$405K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.453+0.144%$676K$2.4M20xas long as short
Vest HYPE-PERP+0.0100%1h93.391+0.077%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.361+0.045%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.332+0.014%$76K$169K20xas long as short
SunX HYPE-USDT+0.0100%4h93.365+0.049%$32K$1.6M20xas long as short
Phemex HYPEUSDT+0.0100%8h93.356+0.040%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.277−0.045%$18.4M$41.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.307−0.013%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0109%4h93.377+0.062%$5.1M$29.5M30xas long as short
Kalshi KXHYPEPERP+0.0110%8h93.405+0.092%$1.9M$5.4M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0200%1h93.411+0.099%$7.4M$4.6M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.360+0.044%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.325+0.006%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.310−0.010%$30K$231K12xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0164%1h93.384+0.070%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.314−0.005%$17.0M$12.5M75xas long as short
HTX HYPE-USDT+0.0347%4h93.500+0.194%$1.5M$7.6M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.389+0.075%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.389+0.075%$19.2M$25.9M50xas long as short