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

HYPE

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0078%/8h= +8.5% APRpaid last 24h +0.019%
Price spread now: Lighter against Aster+0.026%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$100.095% of the position
Long on AsterShort on Lighter
What this pair did over the last
the charts below follow
Funding, last 7 days+0.030%+$3 on $10k
Price spread, last 7 days−0.014%−$1 · spread now +0.026%, 7d avg +0.035%
Together, before fees+0.017%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.035%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster HYPEUSDT93.0690.0018pay 0.0009% / 4h1h 13m$8.8M$35.9M300x
ShortLighter HYPE93.0930.0096get 0.0012% / 1h13m 03s$16.2M$62.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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
$16.36
Price spread: +0.026% → +0.035%
−$0.93
Slippage, 4 orders
−$1.52
Fee Aster: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
$5.91
Costs to cover
0.095%
Break-even
4.5 days
Slippage from Aster: live order book, 6 min ago; Lighter: live order book, 6 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 Aster live order book, 6 min ago0.05 bp4.2 bp −$45.4 bp −$5413.5 bp −$1,354doesn't fit
Sell Lighter live order book, 6 min ago0.00 bp0.8 bp −$12.8 bp −$2810.4 bp −$1,04036.9 bp −$18.4K

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−0.1016%1h93.092+0.025%$197K$227K7xas long as short
Arcus HYPE-USD−0.0899%1h93.002−0.072%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0139%1h93.060−0.009%$699K$1.0M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.096+0.029%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0056%1h93.122+0.057%$85K$345K20xas long as short
Orderly PERP_HYPE_USDC−0.0049%4h93.079+0.011%$155K$654K20xas long as short
Aftermath Perps HYPEUSD−0.0044%1h93.279+0.226%$22K$21K10xas long as short
dYdX HYPE-USD0.0000%1h93.163+0.101%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.124+0.060%$23K$319K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.107+0.041%$62K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex HYPEUSDT+0.0013%8h93.115+0.050%$12.6M$2.7M50xas long as short
Aster HYPEUSDTlong+0.0018%4h93.069long leg$8.8M$35.9M300x
Bullet HYPE-USD+0.0018%1h93.087+0.020%$111K$579K20xas long as short
Phoenix HYPE+0.0026%1h93.156+0.094%$212K$1.2M10xas long as short
BingX HYPE-USDT+0.0034%4h93.048−0.022%—$52.9M—as long as short
Gate HYPE_USDT+0.0042%4h93.057−0.012%$44.5M$55.5M75xas long as short
Bybit HYPEUSDT+0.0045%8h93.045−0.025%$320.1M$277.1M75xas long as short
OKX HYPE-USDT-SWAP+0.0075%8h93.035−0.036%$113.5M$299.3M50xas long as short
Derive HYPE-PERP+0.0092%1h93.060−0.009%$16.1M$7.5M10xas long as short
Lighter HYPEshort+0.0096%1h93.093+0.026%$16.2M$62.1M20x
Lighter RH HYPE+0.0096%1h93.083+0.016%$3.1M$11.7M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.104+0.038%$70K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.149+0.086%$339K$162K20xas long as short
Binance HYPEUSDT+0.0099%4h93.049−0.021%$376.2M$880.5M75xas long as short
Katana Perps HYPE-USD+0.0100%8h93.130+0.066%$24K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.112+0.046%$5.8M$43.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.132+0.068%$2.03B$657.4M10xas long as short
Pacifica HYPE+0.0100%1h93.135+0.072%$10.0M$14.8M20xas long as short
MEXC HYPE_USDT+0.0100%4h93.067−0.002%$89.4M$81.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.076+0.008%$45.8M$18.2M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.044−0.026%$225.0M$96.4M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.049−0.021%$7.3M$10.3M20xas long as short
Variational Omni HYPE+0.0100%8h93.377+0.331%$31.1M$53.8M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.364+0.317%$7.5M$45.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.292+0.240%$339K$998K50xas long as short
StandX HYPE-USD+0.0100%1h93.148+0.085%$665K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h93.147+0.084%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.138+0.075%$481K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.055−0.015%$79K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.121+0.056%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.081+0.013%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.155+0.093%$203K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.013−0.060%$18.3M$42.9M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.043−0.028%$396K$162K20xas long as short
edgeX HYPEUSDC+0.0117%4h93.295+0.244%$5.0M$29.1M30xas long as short
HTX HYPE-USDT+0.0141%4h93.245+0.190%$1.4M$6.0M75xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.150+0.087%$4.8M$5.5M50xas long as short
Reya HYPERUSDPERP+0.0259%1h93.096+0.030%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0269%8h93.157+0.095%$1.9M$5.2M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0330% / S −0.0156%1h93.109+0.043%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0339%4h93.088+0.021%$17.0M$11.5M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0448%1h93.180+0.120%$7.4M$4.4M50xas long as short
RISEx HYPE/USDC+0.0510%1h93.205+0.147%$3.2M$6.3M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.730+0.711%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0687%1h93.132+0.068%$20.7M$29.8M50xas long as short