Funding arb · Price arb /

HYPE

all HYPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0049%/8h= +5.3% APRpaid last 24h +0.006%

Price spread now: OKX against Aster−0.017%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$230.229% of the position

Long on Aster Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.017%, 7d avg −0.003%

Together, before fees+0.008%+ 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 −0.003%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HYPEUSDT	95.067	−0.0079	get 0.0040% / 4h	1h 08m	$9.7M	$34.3M	300x
Short	OKX HYPE-USDT-SWAP	95.051	−0.0031	pay 0.0031% / 8h	5h 08m	$119.2M	$303.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee AsterbpFee OKXbpOrdersPrice spread, now −0.017%Rate

Funding earned: $10.24
Price spread: −0.017% → −0.003%: −$1.35
Slippage, 4 orders: −$4.93
Fee Aster: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$14.04
Costs to cover: 0.229%
Break-even: 16.6 days

Slippage from Aster: live order book, 4 min ago; OKX: live order book, 4 min ago.

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	0.79 bp	4.8 bp −$5	5.1 bp −$51	10.8 bp −$1,084	doesn't fit
Sell OKX live order book, 4 min ago	0.05 bp	6.5 bp −$7	9.1 bp −$91	16.1 bp −$1,614	doesn't fit

HYPE on 54 exchanges

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
Phemex HYPEUSDT	−0.0257%	8h	95.108	+0.043%	$13.0M	$2.3M	50x	as long as short
Kraken Futures PF_HYPEUSD	−0.0252%	1h	95.058	−0.009%	$18.4M	$34.9M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0132%	1h	95.183	+0.122%	$22K	$17K	10x	as long as short
Arcus HYPE-USD	−0.0130%	1h	95.142	+0.079%	$1.1M	$2.7M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0106%	1h	94.950	−0.123%	$680K	$1.3M	10x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	95.104	+0.039%	$100K	$349K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.054	−0.014%	$3K	$421	25x	as long as short
Aster HYPEUSDTlong	−0.0079%	4h	95.067	long leg	$9.7M	$34.3M	300x
Orderly PERP_HYPE_USDC	−0.0065%	4h	94.998	−0.073%	$148K	$642K	20x	as long as short
Gate HYPE_USDT	−0.0062%	4h	95.112	+0.047%	$55.6M	$54.0M	75x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bluefin HYPE-PERP	−0.0061%	1h	94.997	−0.074%	$79K	$132K	20x	as long as short
Bullet HYPE-USD	−0.0060%	1h	95.022	−0.047%	$113K	$582K	20x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0056%	1h	94.990	−0.081%	$4.7M	$5.5M	50x	as long as short
OKX HYPE-USDT-SWAPshort	−0.0031%	8h	95.051	−0.017%	$119.2M	$303.2M	50x
Bitget HYPEUSDT	−0.0024%	4h	95.122	+0.058%	$230.4M	$86.2M	75x	as long as short
Phoenix HYPE	−0.0008%	1h	95.181	+0.120%	$198K	$1.1M	10x	as long as short
Perpl HYPE	0.0000%	43m	95.022	−0.048%	$24K	$251K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.051	−0.017%	$99K	—	150x	as long as short
Lighter HYPE	+0.0016%	1h	95.118	+0.054%	$16.6M	$58.9M	20x	as long as short
Bybit HYPEUSDT	+0.0033%	8h	95.080	+0.014%	$320.9M	$263.3M	75x	as long as short
Binance HYPEUSDT	+0.0045%	4h	95.107	+0.042%	$382.8M	$848.6M	75x	as long as short
MEXC HYPE_USDT	+0.0046%	4h	95.157	+0.095%	$90.5M	$84.8M	100x	as long as short
edgeX HYPEUSDC	+0.0046%	4h	95.146	+0.083%	$5.1M	$27.9M	30x	as long as short
BingX HYPE-USDT	+0.0052%	4h	95.110	+0.045%	—	$49.1M	—	as long as short
Popdex HYPEUSDT	+0.0056%	1h	95.081	+0.015%	$274K	$999K	50x	as long as short
dYdX HYPE-USD	+0.0066%	1h	95.118	+0.053%	$128K	$96K	5x	as long as short
Paradex HYPE-USD-PERP	+0.0089%	8h	95.129	+0.065%	$339K	$30K	20x	as long as short
ApeX Omni HYPEUSDT	+0.0092%	1h	95.188	+0.127%	$324K	$926K	50x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.139	+0.076%	$3.2M	$10.4M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	95.006	−0.064%	$402K	$125K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	95.100	+0.035%	$40K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.005	−0.065%	$7.3M	$50.3M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.142	+0.079%	$10.3M	$13.0M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.233	+0.174%	$229K	$20K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.112	+0.047%	$47.6M	$17.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	95.043	−0.025%	$6.9M	$12.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.971	−0.101%	$29.7M	$52.8M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.037	−0.032%	$7.7M	$40.4M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	95.079	+0.013%	$692K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	95.075	+0.008%	—	$80K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	95.010	−0.060%	$504K	$2.4M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.072	+0.005%	$32K	$1.4M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	95.065	−0.002%	$2.1M	$335K	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.107	+0.042%	$1.4M	$5.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	95.084	+0.018%	$18.3M	$38.6M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0118%	1h	95.115	+0.050%	$7.5M	$4.2M	50x	as long as short
Kalshi KXHYPEPERP	+0.0121%	8h	95.145	+0.082%	$1.8M	$5.0M	2.3x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	95.038	−0.030%	$3.1M	$5.2M	20x	as long as short
Hyperliquid HYPE	+0.0152%	1h	95.224	+0.165%	$2.11B	$643.7M	10x	as long as short
BloFin HYPE-USDT	+0.0194%	4h	95.035	−0.034%	$17.5M	$11.6M	75x	as long as short
Reya HYPERUSDPERP	+0.0269%	1h	95.038	−0.030%	$85K	$90K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0155%	1h	95.052	−0.015%	$1.4M	—	100x	as long as short
Hibachi HYPE/USDT-P	+0.0680%	1h	95.155	+0.093%	$216K	$278K	7x	as long as short
Injective HYPE/USDC PERP	+0.0969%	1h	95.600	+0.561%	$31K	$334K	12x	as long as short