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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 00:00 UTC−0.0059%/8h= −6.5% APRpaid last 24h −0.011%
Price spread now: 01 Exchange against Aster−0.056%7-day average +0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$220.219% of the position
Long on AsterShort on 01 Exchange
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.015%−$2 on $10k
Price spread, last 4 days (all we have)+0.204%+$20 · spread now −0.056%, 7d avg +0.042%
Together, before fees+0.188%+ Points / potential airdropAster: Stage 5 · farm board+$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and 01 Exchange is 0.097% cheaper against Aster than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.042%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster HYPEUSDT93.4790.0011pay 0.0006% / 4h25m 25s$8.9M$36.0M300x
Short01 Exchange HYPEUSD93.427−0.0048pay 0.0006% / 1h25m 25s$86K$366K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$12.41
Price spread: −0.056% → +0.042%
−$9.73
Slippage, 4 orders
−$6.91
Fee Aster: 4 bp × 2 orders
−$8
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$44.04
Costs to cover
0.219%
Break-even
never at this rate
Slippage from Aster: live order book, 4 min ago; 01 Exchange: live order book, 54 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, 4 min ago0.05 bp4.1 bp −$44.7 bp −$4712.1 bp −$1,209doesn't fit
Sell 01 Exchange live order book, 54 min ago0.11 bp6.4 bp −$69.1 bp −$91doesn't fitdoesn'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−0.0928%1h93.480+0.001%$198K$229K7xas long as short
Aftermath Perps HYPEUSD−0.0375%1h93.654+0.188%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.354−0.134%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.496+0.018%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0078%1h93.440−0.042%$703K$909K10xas long as short
01 Exchange HYPEUSDshort−0.0048%1h93.427−0.056%$86K$366K20x
Derive HYPE-PERP−0.0017%1h93.462−0.018%$16.3M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.492+0.014%$127K$30K5xas long as short
Perpl HYPE0.0000%43m93.480+0.001%$23K$329K10xas long as short
Orderly PERP_HYPE_USDC+0.0001%4h93.473−0.006%$166K$583K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.515+0.038%$26K—150xas long as short
Phoenix HYPE+0.0009%1h93.618+0.149%$214K$1.2M10xas long as short
Aster HYPEUSDTlong+0.0011%4h93.479long leg$8.9M$36.0M300x
Bybit HYPEUSDT+0.0018%8h93.469−0.011%$321.2M$283.4M75xas long as short
Binance HYPEUSDT+0.0052%4h93.468−0.012%$382.0M$896.0M75xas long as short
MEXC HYPE_USDT+0.0054%4h93.487+0.009%$87.6M$81.8M100xas long as short
edgeX HYPEUSDC+0.0064%4h93.635+0.167%$5.1M$29.7M30xas long as short
Phemex HYPEUSDT+0.0070%8h93.537+0.062%$12.7M$2.6M50xas long as short
Gate HYPE_USDT+0.0078%4h93.473−0.006%$43.9M$59.6M75xas long as short
Popdex HYPEUSDT+0.0088%1h93.455−0.026%$59K$1.2M50xas long as short
Bullet HYPE-USD+0.0092%1h93.475−0.004%$113K$577K20xas long as short
Lighter HYPE+0.0096%1h93.501+0.023%$18.8M$60.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.458−0.022%$3.0M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.505+0.028%$398K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.488+0.009%$340K$171K20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.440−0.042%$43K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.507+0.030%$5.7M$44.4M10xas long as short
Pacifica HYPE+0.0100%1h93.485+0.006%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.475−0.004%$115.0M$320.0M50xas long as short
Bulk HYPE-USD+0.0100%1h93.625+0.156%$204K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.476−0.003%$46.3M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.488+0.010%$226.5M$102.6M75xas long as short
BingX HYPE-USDT+0.0100%4h93.475−0.004%—$54.1M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.521+0.045%$7.8M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.574+0.102%$31.2M$54.0M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.619+0.150%$7.6M$45.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.646+0.179%$346K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.611+0.141%$677K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.513+0.036%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.497+0.019%$490K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.481+0.002%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h93.567+0.094%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.511+0.034%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.996%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.419−0.065%$18.3M$42.8M50xas long as short
Kalshi KXHYPEPERP+0.0132%8h93.660+0.194%$1.9M$5.0M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.550+0.076%$4.9M$5.7M50xas long as short
Hyperliquid HYPE+0.0194%1h93.497+0.019%$2.03B$676.9M10xas long as short
HTX HYPE-USDT+0.0211%4h93.712+0.249%$1.5M$7.8M75xas long as short
BloFin HYPE-USDT+0.0229%4h93.600+0.129%$17.1M$12.6M75xas long as short
Reya HYPERUSDPERP+0.0249%1h93.480+0.001%$77K$142K15xas long as short
RISEx HYPE/USDC+0.0284%1h93.483+0.004%$2.8M$6.9M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0337% / S −0.0163%1h93.509+0.032%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0381%1h93.619+0.150%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0580%1h93.608+0.138%$20.9M$29.5M50xas long as short