HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0076%/8h= −8.3% APRnext payment −$0.38 per $10,000 · paid last 24h −0.009%

Price spread now: Aster against MEXC+0.019%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$140.143% of the position

Long on MEXC Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 7 days−0.015%−$1 · spread now +0.019%, 7d avg −0.016%

Together, before fees−0.041%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.034% dearer against MEXC than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.016%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 36 hours. At the pace of the last 7 days (−0.026% in total) that is about 9.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC HYPE_USDT	93.097	0.0098	pay 0.0049% / 4h	1h 08m	$89.4M	$81.2M	100x
Short	Aster HYPEUSDT	93.114	0.0022	get 0.0011% / 4h	1h 08m	$8.8M	$35.9M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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 MEXCbpFee AsterbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$15.87
Price spread: +0.019% → −0.016%: $3.44
Slippage, 4 orders: −$2.3
Fee MEXC: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$26.72
Costs to cover: 0.143%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Aster: live order book, 5 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 MEXC live order book, 5 min ago	0.05 bp	2.7 bp −$3	6.5 bp −$65	13.5 bp −$1,346	42.7 bp −$21.3K
Sell Aster live order book, 5 min ago	0.48 bp	4.5 bp −$4	4.9 bp −$49	12.0 bp −$1,197	doesn't fit

HYPE on 55 venues

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
Hibachi HYPE/USDT-P	−0.0976%	1h	93.211	+0.123%	$197K	$226K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	93.011	−0.092%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0132%	1h	93.090	−0.008%	$698K	$1.0M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.163	+0.071%	$3K	$331	25x	as long as short
Aftermath Perps HYPEUSD	−0.0077%	1h	93.219	+0.132%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	93.151	+0.058%	$85K	$345K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0048%	4h	93.121	+0.026%	$155K	$654K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.148	+0.055%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.155	+0.062%	$23K	$316K	10x	as long as short
Phemex HYPEUSDT	+0.0001%	8h	93.163	+0.071%	$12.6M	$2.7M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.164	+0.072%	$62K	—	150x	as long as short
Bullet HYPE-USD	+0.0005%	1h	93.137	+0.043%	$111K	$579K	20x	as long as short
Aster HYPEUSDTshort	+0.0022%	4h	93.114	+0.019%	$8.8M	$35.9M	300x
Phoenix HYPE	+0.0026%	1h	93.210	+0.121%	$213K	$1.2M	10x	as long as short
BingX HYPE-USDT	+0.0036%	4h	93.065	−0.034%	—	$53.0M	—	as long as short
Gate HYPE_USDT	+0.0046%	4h	93.102	+0.005%	$44.5M	$55.6M	75x	as long as short
Bybit HYPEUSDT	+0.0047%	8h	93.052	−0.048%	$320.1M	$277.0M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0074%	8h	93.047	−0.054%	$113.8M	$298.5M	50x	as long as short
Derive HYPE-PERP	+0.0086%	1h	93.110	+0.014%	$16.2M	$7.5M	10x	as long as short
Binance HYPEUSDT	+0.0095%	4h	93.051	−0.049%	$376.2M	$880.2M	75x	as long as short
Lighter HYPE	+0.0096%	1h	93.105	+0.009%	$16.2M	$62.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.086	−0.012%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.138	+0.044%	$67K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0096%	8h	93.153	+0.060%	$339K	$162K	20x	as long as short
MEXC HYPE_USDTlong	+0.0098%	4h	93.097	long leg	$89.4M	$81.2M	100x
Katana Perps HYPE-USD	+0.0100%	8h	93.120	+0.025%	$24K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.125	+0.030%	$5.8M	$43.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.136	+0.042%	$2.03B	$653.5M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.160	+0.068%	$10.0M	$14.8M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.118	+0.023%	$45.8M	$18.2M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.061	−0.039%	$225.1M	$96.4M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.139	+0.045%	$7.3M	$10.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.197	+0.107%	$31.4M	$53.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.289	+0.206%	$7.5M	$46.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.125	+0.030%	$338K	$998K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.310	+0.229%	$667K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.201	+0.112%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.158	+0.066%	$472K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.095	−0.002%	$79K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.168	+0.076%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.137	+0.043%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.155	+0.062%	$203K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.075	−0.024%	$18.3M	$42.8M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.109	+0.013%	$396K	$162K	20x	as long as short
edgeX HYPEUSDC	+0.0104%	4h	93.205	+0.116%	$5.0M	$28.9M	30x	as long as short
HTX HYPE-USDT	+0.0128%	4h	93.262	+0.177%	$1.4M	$6.0M	75x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.200	+0.111%	$4.8M	$5.5M	50x	as long as short
Reya HYPERUSDPERP	+0.0259%	1h	93.106	+0.009%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0271%	8h	93.193	+0.103%	$1.9M	$5.2M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0156%	1h	93.159	+0.067%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.118	+0.023%	$16.9M	$11.5M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0415%	1h	93.233	+0.146%	$7.4M	$4.3M	50x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.209	+0.120%	$3.2M	$6.3M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.390	+0.315%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0687%	1h	93.188	+0.098%	$20.7M	$29.8M	50x	as long as short