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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0045%/8h= +4.9% APRnext payment +$0.22 per $10,000 · paid last 24h +0.008%
Price spread now: MEXC against Aster+0.009%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$140.137% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.024%+$2 on $10k
Price spread, last 7 days−0.012%−$1 · spread now +0.009%, 7d avg +0.015%
Together, before fees+0.012%+ Points / potential airdropAster: Stage 5 · farm board+$1 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: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster HYPEUSDT93.5470.0005pay 0.0003% / 4h23m 09s$8.9M$36.0M300x
ShortMEXC HYPE_USDT93.5550.0050get 0.0025% / 4h23m 09s$87.7M$81.8M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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
$9.35
Price spread: +0.009% → +0.015%
−$0.69
Slippage, 4 orders
−$1.67
Fee Aster: 4 bp × 2 orders
−$8
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$5.01
Costs to cover
0.137%
Break-even
10.7 days
Slippage from Aster: live order book, 6 min ago; MEXC: live order book, 1 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 bp4.1 bp −$44.7 bp −$4712.1 bp −$1,209doesn't fit
Sell MEXC live order book, 1 min ago0.05 bp2.4 bp −$25.6 bp −$568.8 bp −$88124.9 bp −$12.5K

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−0.0960%1h93.526−0.022%$198K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0383%1h93.594+0.050%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.404−0.153%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0087%1h93.450−0.104%$703K$910K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.507−0.043%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0056%1h93.478−0.074%$86K$366K20xas long as short
Orderly PERP_HYPE_USDC−0.0001%4h93.533−0.015%$168K$586K20xas long as short
dYdX HYPE-USD0.0000%1h93.573+0.028%$127K$30K5xas long as short
Perpl HYPE0.0000%43m93.500−0.050%$23K$329K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.548+0.001%$26K150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDTlong+0.0005%4h93.547long leg$8.9M$36.0M300x
Phoenix HYPE+0.0009%1h93.618+0.076%$214K$1.2M10xas long as short
Derive HYPE-PERP+0.0011%1h93.491−0.060%$16.3M$7.1M10xas long as short
Bybit HYPEUSDT+0.0017%8h93.550+0.003%$321.6M$283.7M75xas long as short
MEXC HYPE_USDTshort+0.0050%4h93.555+0.009%$87.7M$81.8M100x
Binance HYPEUSDT+0.0051%4h93.559+0.013%$382.3M$896.2M75xas long as short
edgeX HYPEUSDC+0.0062%4h93.464−0.089%$5.1M$29.7M30xas long as short
Phemex HYPEUSDT+0.0070%8h93.562+0.016%$12.7M$2.6M50xas long as short
Gate HYPE_USDT+0.0074%4h93.5470.000%$43.9M$59.7M75xas long as short
Popdex HYPEUSDT+0.0080%1h93.498−0.052%$59K$1.2M50xas long as short
Bullet HYPE-USD+0.0092%1h93.508−0.041%$113K$576K20xas long as short
Lighter HYPE+0.0096%1h93.594+0.050%$18.8M$60.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.567+0.021%$3.0M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.545−0.002%$398K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.525−0.024%$340K$171K20xas long as short
OKX HYPE-USDT-SWAP+0.0099%8h93.560+0.014%$115.3M$320.6M50xas long as short
Katana Perps HYPE-USD+0.0099%8h93.470−0.082%$22K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.489−0.061%$5.7M$44.4M10xas long as short
Pacifica HYPE+0.0100%1h93.543−0.005%$10.1M$14.5M20xas long as short
Bulk HYPE-USD+0.0100%1h93.625+0.083%$204K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.551+0.004%$46.3M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.576+0.031%$226.7M$102.6M75xas long as short
BingX HYPE-USDT+0.0100%4h93.552+0.005%$54.1Mas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.574+0.029%$7.8M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.574+0.029%$31.2M$54.0Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.619+0.077%$7.6M$45.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.485−0.066%$358K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.557+0.011%$676K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.533−0.015%$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.530−0.018%$490K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.525−0.024%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h93.570+0.025%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.548+0.001%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.923%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.543−0.005%$18.3M$42.8M50xas long as short
Kalshi KXHYPEPERP+0.0134%8h93.585+0.041%$1.9M$5.0M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.610+0.067%$4.9M$5.7M50xas long as short
Hyperliquid HYPE+0.0157%1h93.590+0.046%$2.03B$677.1M10xas long as short
BloFin HYPE-USDT+0.0203%4h93.528−0.020%$17.1M$12.6M75xas long as short
HTX HYPE-USDT+0.0206%4h93.745+0.212%$1.5M$7.8M75xas long as short
Reya HYPERUSDPERP+0.0249%1h93.503−0.047%$77K$142K15xas long as short
RISEx HYPE/USDC+0.0284%1h93.5470.000%$2.8M$6.9M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0337% / S −0.0163%1h93.537−0.011%$1.4M100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0455%1h93.646+0.106%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0580%1h93.633+0.091%$20.9M$29.5M50xas long as short