Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%
Price spread now: Derive against Aster−0.152%47s7-day average −0.024% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.014%+$1 on $10k
+Price spread, last 4 days (all we have)+0.055%+$6 · spread now −0.152%, 7d avg −0.024%
=Together, before fees+0.069%+ Points / potential airdropAster: Stage 5 · farm board+$7 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.128% cheaper against Aster than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.024%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster HYPEUSDT | 93.582 | 0.0100 | pay 0.0050% / 4h | 2h 59m | $8.7M | $36.4M | 300x |
| Short | Derive HYPE-PERP | 93.440 | 0.0100 | get 0.0013% / 1h | 59m 34s | $16.1M | $7.5M | 10x |
Aster HYPEUSDT
Derive HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Aster. 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
- $0
- Price spread: −0.152% → −0.024%
- −$12.81
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$26.81
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Aster: live order book, 4 min ago; Derive: no order-book sample. 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 Aster live order book, 4 min ago | 0.05 bp | 4.1 bp −$4 | 4.1 bp −$41 | 9.7 bp −$972 | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1872% | 1h | 93.287 | −0.316% | $196K | $232K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0343% | 1h | 93.316 | −0.285% | $22K | $21K | 10x | as long as short |
| Arcus HYPE-USD | −0.0194% | 1h | 93.579 | −0.003% | $1.0M | $3.9M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.568 | −0.015% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0041% | 4h | 93.437 | −0.155% | $146K | $663K | 20x | as long as short |
| Bullet HYPE-USD | −0.0016% | 1h | 93.424 | −0.169% | $112K | $578K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.489 | −0.099% | $128K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.440 | −0.152% | $22K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.480 | −0.109% | $62K | — | 150x | as long as short |
| Phemex HYPEUSDT | +0.0020% | 8h | 93.444 | −0.147% | $12.6M | $2.7M | 50x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Phemex HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget HYPEUSDT | +0.0024% | 4h | 93.595 | +0.014% | $226.6M | $99.3M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0025% | 8h | 93.582 | 0.000% | $318.5M | $284.0M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.446 | −0.145% | $209K | $1.2M | 10x | as long as short |
| 01 Exchange HYPEUSD | +0.0056% | 1h | 93.619 | +0.040% | $88K | $366K | 20x | as long as short |
| Gate HYPE_USDT | +0.0072% | 4h | 93.599 | +0.018% | $46.0M | $53.4M | 75x | as long as short |
| Paradex HYPE-USD-PERP | +0.0095% | 8h | 93.618 | +0.039% | $341K | $162K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.550 | −0.034% | $16.1M | $62.7M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.535 | −0.050% | $3.1M | $11.4M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.601 | +0.020% | $77K | $1.1M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0097% | 4h | 93.351 | −0.247% | $5.0M | $29.9M | 30x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 93.590 | +0.009% | $28K | $1.8M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.447 | −0.144% | $7.5M | $47.5M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.515 | −0.072% | $2.04B | $666.1M | 10x | as long as short |
| Aster HYPEUSDTlong | +0.0100% | 4h | 93.582 | long leg | $8.7M | $36.4M | 300x | |
| Pacifica HYPE | +0.0100% | 1h | 93.561 | −0.023% | $10.1M | $15.3M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.595 | +0.014% | $375.5M | $909.5M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.597 | +0.016% | $115.1M | $307.4M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0100% | 1h | 93.490 | −0.098% | $703K | $1.2M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.328 | −0.271% | $203K | $3K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.528 | −0.058% | $92.4M | $79.9M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.609 | +0.029% | $46.2M | $18.6M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.608 | +0.028% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.502 | −0.085% | $7.3M | $11.1M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.379 | −0.217% | $28.8M | $56.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.423 | −0.170% | $7.5M | $47.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.406 | −0.188% | $343K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.397 | −0.198% | $667K | $2.9M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.480 | −0.109% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.472 | −0.118% | $490K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.470 | −0.120% | $79K | $167K | 20x | as long as short |
| Derive HYPE-PERPshort | +0.0100% | 1h | 93.440 | −0.152% | $16.1M | $7.5M | 10x | |
| SunX HYPE-USDT | +0.0100% | 4h | 93.443 | −0.149% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.484 | −0.105% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.600 | +0.019% | $1.4M | $6.3M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.581 | −0.001% | $18.1M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.478 | −0.111% | $395K | $164K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.560 | −0.024% | $4.8M | $5.6M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0145% | 8h | 93.554 | −0.030% | $1.8M | $5.5M | 2.3x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0196% | 1h | 93.533 | −0.052% | $20.9M | $29.6M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0242% | 1h | 93.170 | −0.440% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0267% | 1h | 93.450 | −0.141% | $80K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0154% | 1h | 93.475 | −0.114% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.430 | −0.162% | $16.8M | $11.9M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0434% | 1h | 93.571 | −0.012% | $7.5M | $4.0M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 93.670 | +0.094% | $3.2M | $6.3M | 20x | as long as short |
Bitget HYPEUSDT
Bybit HYPEUSDT
Phoenix HYPE
01 Exchange HYPEUSD
Gate HYPE_USDT
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
edgeX HYPEUSDC
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Ondo Perps HYPE-USD.P
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
Kraken Futures PF_HYPEUSD
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC