Funding arb · Price arb /

HYPE

all HYPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h −0.017%

Price spread now: Aster against ApeX Omni−0.011%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 7 days+0.052%+$5 · spread now −0.011%, 7d avg +0.002%

Together, before fees+0.011%+ 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 +0.002%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni HYPEUSDT	92.928	0.0100	pay 0.0013% / 1h	49m 19s	$351K	$1.0M	50x
Short	Aster HYPEUSDT	92.918	0.0087	get 0.0043% / 4h	3h 49m	$8.7M	$36.2M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$2.76
Price spread: −0.011% → +0.002%: −$1.24
Slippage, 4 orders: −$8.15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$30.14
Costs to cover: 0.262%
Break-even: never at this rate

Slippage from ApeX Omni: 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 ApeX Omni live order book, 5 min ago	2.37 bp	8.5 bp −$9	12.4 bp −$124	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	1.13 bp	5.1 bp −$5	5.5 bp −$55	12.7 bp −$1,267	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	−0.0728%	1h	92.719	−0.225%	$193K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0266%	1h	92.898	−0.032%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	92.880	−0.052%	$1.1M	$3.9M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.925	−0.003%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0062%	4h	92.871	−0.061%	$157K	$660K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.948	+0.021%	$127K	$29K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	92.976	+0.052%	$1.8M	$5.4M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	92.933	+0.006%	$22K	$301K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.946	+0.019%	$62K	—	150x	as long as short
Phoenix HYPE	+0.0026%	1h	93.032	+0.112%	$210K	$1.2M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps HYPE-USD.P	+0.0028%	1h	92.910	−0.019%	$699K	$1.1M	10x	as long as short
Bybit HYPEUSDT	+0.0035%	8h	92.900	−0.030%	$316.3M	$282.3M	75x	as long as short
Phemex HYPEUSDT	+0.0043%	8h	92.907	−0.023%	$12.5M	$2.7M	50x	as long as short
Gate HYPE_USDT	+0.0046%	4h	92.911	−0.018%	$44.7M	$53.7M	75x	as long as short
01 Exchange HYPEUSD	+0.0056%	1h	92.949	+0.023%	$87K	$362K	20x	as long as short
Bitget HYPEUSDT	+0.0078%	4h	92.912	−0.017%	$225.1M	$99.0M	75x	as long as short
edgeX HYPEUSDC	+0.0086%	4h	92.935	+0.008%	$4.9M	$29.6M	30x	as long as short
Aster HYPEUSDTshort	+0.0087%	4h	92.918	−0.011%	$8.7M	$36.2M	300x
Popdex HYPEUSDT	+0.0088%	1h	92.914	−0.015%	$69K	$1.1M	50x	as long as short
Bullet HYPE-USD	+0.0093%	1h	92.908	−0.022%	$112K	$578K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.938	+0.011%	$16.1M	$62.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.938	+0.011%	$3.1M	$11.6M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0096%	8h	92.932	+0.004%	$339K	$163K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.880	−0.052%	$39K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.912	−0.017%	$7.5M	$45.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.966	+0.041%	$2.03B	$665.0M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.938	+0.011%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.915	−0.014%	$373.7M	$904.1M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	92.921	−0.008%	$113.9M	$304.7M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.942	+0.015%	$202K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.919	−0.010%	$87.7M	$79.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.921	−0.008%	$46.1M	$18.4M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	92.912	−0.017%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.920	−0.009%	$7.3M	$11.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.989	+0.065%	$28.6M	$57.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.015	+0.094%	$7.5M	$46.6M	10x	as long as short
ApeX Omni HYPEUSDTlong	+0.0100%	1h	92.928	long leg	$351K	$1.0M	50x
StandX HYPE-USD	+0.0100%	1h	92.919	−0.010%	$667K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.974	+0.049%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.950	+0.024%	$468K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.899	−0.031%	$79K	$168K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.897	−0.033%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.904	−0.026%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.913	−0.016%	$2.0M	$2.0M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.890	−0.041%	$18.0M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.909	−0.021%	$393K	$164K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	92.940	+0.013%	$4.7M	$5.6M	50x	as long as short
HTX HYPE-USDT	+0.0177%	4h	93.061	+0.143%	$1.4M	$6.3M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0197%	1h	92.999	+0.076%	$20.6M	$30.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	93.150	+0.239%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0264%	1h	92.910	−0.019%	$79K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	92.928	0.000%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.915	−0.014%	$16.7M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0385%	1h	93.009	+0.087%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	92.981	+0.058%	$3.1M	$6.4M	20x	as long as short