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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h −0.016%
Price spread now: Aster against ApeX Omni+0.137%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$250.248% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.044%−$4 on $10k
Price spread, last 7 days−0.108%−$11 · spread now +0.137%, 7d avg +0.001%
Together, before fees−0.153%+ Points / potential airdropAster: Stage 5 · farm board−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.136% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.137% now, against its 7-day average of +0.001%): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.5 days. At the pace of the last 7 days (−0.044% in total) that is about 21 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni HYPEUSDT93.1250.0100pay 0.0013% / 1h11m 27s$338K$998K50x
ShortAster HYPEUSDT93.2520.0018get 0.0009% / 4h1h 11m$8.8M$35.9M300x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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
−$17.28
Price spread: +0.137% → +0.001%
$13.55
Slippage, 4 orders
−$6.82
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$28.55
Costs to cover
0.248%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 13 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
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 13 min ago2.09 bp8.2 bp −$811.5 bp −$115doesn't fitdoesn't fit
Sell Aster live order book, 3 min ago0.48 bp4.5 bp −$44.9 bp −$4912.0 bp −$1,197doesn'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−0.1000%1h93.101−0.026%$197K$227K7xas long as short
Arcus HYPE-USD−0.0899%1h93.117−0.009%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0130%1h93.170+0.048%$698K$1.0M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.234+0.117%$3K$33125xas long as short
Aftermath Perps HYPEUSD−0.0064%1h93.218+0.099%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0056%1h93.262+0.147%$85K$345K20xas long as short
Orderly PERP_HYPE_USDC−0.0048%4h93.270+0.156%$155K$654K20xas long as short
dYdX HYPE-USD0.0000%1h93.241+0.125%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.238+0.121%$23K$319K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.268+0.153%$63K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bullet HYPE-USD+0.0008%1h93.226+0.109%$111K$579K20xas long as short
Phemex HYPEUSDT+0.0015%8h93.131+0.006%$12.6M$2.7M50xas long as short
Aster HYPEUSDTshort+0.0018%4h93.252+0.137%$8.8M$35.9M300x
Phoenix HYPE+0.0026%1h93.156+0.033%$212K$1.2M10xas long as short
BingX HYPE-USDT+0.0036%4h93.251+0.135%$52.9Mas long as short
Gate HYPE_USDT+0.0046%4h93.250+0.134%$44.6M$55.5M75xas long as short
Bybit HYPEUSDT+0.0047%8h93.260+0.145%$320.8M$276.9M75xas long as short
OKX HYPE-USDT-SWAP+0.0077%8h93.273+0.159%$113.7M$299.5M50xas long as short
Derive HYPE-PERP+0.0094%1h93.100−0.027%$16.1M$7.5M10xas long as short
Lighter HYPE+0.0096%1h93.243+0.127%$16.2M$62.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.248+0.132%$3.1M$11.7M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.243+0.127%$67K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.280+0.166%$339K$162K20xas long as short
MEXC HYPE_USDT+0.0098%4h93.248+0.132%$89.5M$81.2M100xas long as short
Binance HYPEUSDT+0.0098%4h93.257+0.142%$377.1M$880.2M75xas long as short
Katana Perps HYPE-USD+0.0100%8h93.230+0.113%$24K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.243+0.126%$5.8M$43.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.298+0.186%$2.03B$657.5M10xas long as short
Pacifica HYPE+0.0100%1h93.252+0.136%$10.0M$14.8M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.256+0.141%$45.9M$18.2M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.245+0.129%$225.5M$96.4M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.115−0.011%$7.3M$10.3M20xas long as short
Variational Omni HYPE+0.0100%8h93.377+0.270%$31.1M$53.8Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.122−0.003%$7.5M$46.2M10xas long as short
ApeX Omni HYPEUSDTlong+0.0100%1h93.125long leg$338K$998K50x
StandX HYPE-USD+0.0100%1h93.143+0.019%$665K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h93.261+0.146%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.276+0.162%$473K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.268+0.154%$79K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.158+0.035%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.1250.000%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.155+0.032%$203K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.191+0.071%$18.3M$42.9M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.121−0.005%$396K$162K20xas long as short
edgeX HYPEUSDC+0.0112%4h93.083−0.046%$5.0M$28.9M30xas long as short
HTX HYPE-USDT+0.0138%4h93.247+0.131%$1.4M$6.0M75xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.150+0.027%$4.8M$5.5M50xas long as short
Reya HYPERUSDPERP+0.0259%1h93.236+0.119%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0269%8h93.154+0.031%$1.9M$5.2M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h93.269+0.155%$1.4M100xas long as short
BloFin HYPE-USDT+0.0339%4h93.088−0.040%$17.0M$11.5M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0394%1h93.217+0.099%$7.4M$4.4M50xas long as short
RISEx HYPE/USDC+0.0510%1h93.338+0.229%$3.2M$6.3M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.730+0.650%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0687%1h93.182+0.061%$20.7M$29.8M50xas long as short