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

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0493%/8h= −53.9% APRpaid last 24h −0.078%
Price spread now: Aster against Injective+0.205%117s7-day average −0.173% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−2.279%−$228 on $10k
Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.205%, 7d avg −0.173%
Together, before fees−2.250%+ Points / potential airdropAster: Stage 5 · farm board−$225 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.378% dearer against Injective than usual: you sell high and buy low (spread +0.205% now, against its 7-day average of −0.173%): +$38 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 7 days (−2.279% in total) that is about 28 hours. The two prices were read 117 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective HYPE/USDC PERP93.3700.0519pay 0.0065% / 1h31m 26s$30K$339K12x
ShortAster HYPEUSDT93.5610.0026get 0.0013% / 4h1h 31m$8.8M$35.5M300x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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
−$103.44
Price spread: +0.205% → −0.173%
$37.78
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Aster: 4 bp × 2 orders
−$8
Net
−$73.68
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Injective: live order book, 33 min ago; Aster: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective live order book, 33 min ago44.26 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 3 min ago0.27 bp4.3 bp −$44.6 bp −$4611.0 bp −$1,104doesn'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−0.1296%1h93.373+0.003%$196K$226K7xas long as short
Arcus HYPE-USD−0.0899%1h93.453+0.089%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0103%1h93.320−0.054%$699K$996K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.512+0.152%$3K$33125xas long as short
Phemex HYPEUSDT−0.0065%8h93.401+0.033%$12.6M$2.7M50xas long as short
Aftermath Perps HYPEUSD−0.0063%1h93.445+0.081%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0056%1h93.603+0.250%$85K$344K20xas long as short
Orderly PERP_HYPE_USDC−0.0042%4h93.562+0.206%$154K$648K20xas long as short
Bullet HYPE-USD−0.0002%1h93.559+0.202%$111K$578K20xas long as short
dYdX HYPE-USD0.0000%1h93.560+0.203%$128K$31K5xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.578+0.223%$23K$322K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.593+0.239%$62K150xas long as short
BingX HYPE-USDT+0.0024%4h93.568+0.212%$53.0Mas long as short
Phoenix HYPE+0.0026%1h93.512+0.152%$213K$1.2M10xas long as short
Aster HYPEUSDTshort+0.0026%4h93.561+0.205%$8.8M$35.5M300x
Bybit HYPEUSDT+0.0038%8h93.580+0.225%$321.9M$277.0M75xas long as short
Gate HYPE_USDT+0.0054%4h93.567+0.211%$44.7M$54.9M75xas long as short
OKX HYPE-USDT-SWAP+0.0076%8h93.568+0.212%$114.4M$302.4M50xas long as short
Lighter HYPE+0.0096%1h93.582+0.227%$16.3M$61.7M20xas long as short
Lighter RH HYPE+0.0096%1h93.569+0.213%$3.1M$11.6M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.590+0.236%$69K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.605+0.252%$340K$162K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.580+0.225%$17K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.555+0.198%$5.8M$43.2M10xas long as short
Hyperliquid HYPE+0.0100%1h93.638+0.286%$2.04B$654.2M10xas long as short
Pacifica HYPE+0.0100%1h93.587+0.232%$10.1M$14.6M20xas long as short
Binance HYPEUSDT+0.0100%4h93.586+0.231%$379.5M$876.0M75xas long as short
Bulk HYPE-USD+0.0100%1h93.364−0.006%$203K$10K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.568+0.212%$89.9M$80.8M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.592+0.238%$46.0M$18.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.570+0.214%$226.2M$96.6M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.407+0.040%$7.4M$10.3M20xas long as short
Variational Omni HYPE+0.0100%8h93.367−0.003%$31.1M$53.9Mas long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.532+0.173%$7.6M$45.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.349−0.022%$339K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.512+0.152%$667K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.588+0.234%$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.592+0.238%$472K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.564+0.208%$79K$170K20xas long as short
Derive HYPE-PERP+0.0100%1h93.389+0.021%$16.2M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.519+0.160%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.415+0.048%$2.0M$1.9M10xas long as short
edgeX HYPEUSDC+0.0102%4h93.459+0.095%$5.1M$29.7M30xas long as short
Extended HYPE-USD+0.0104%1h93.547+0.189%$18.4M$43.7M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.589+0.234%$398K$162K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.520+0.161%$4.8M$5.6M50xas long as short
HTX HYPE-USDT+0.0188%4h93.592+0.238%$1.4M$6.0M75xas long as short
Reya HYPERUSDPERP+0.0258%1h93.549+0.192%$80K$140K15xas long as short
Kalshi KXHYPEPERP+0.0278%8h93.461+0.097%$1.9M$5.0M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0285%1h93.501+0.140%$7.5M$4.4M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h93.588+0.234%$1.4M100xas long as short
BloFin HYPE-USDT+0.0340%4h93.487+0.125%$17.0M$11.6M75xas long as short
RISEx HYPE/USDC+0.0510%1h93.665+0.316%$3.2M$6.3M20xas long as short
Injective HYPE/USDC PERPlong+0.0519%1h93.370long leg$30K$339K12x
Kraken Futures PF_HYPEUSD+0.0685%1h93.477+0.115%$20.8M$29.7M50xas long as short