Settings8H · net · $10k
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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 22:00 UTC+0.0085%/8h= +9.3% APRpaid last 24h +0.018%
Price spread now: Bluefin against Aster+0.010%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$350.345% of the position
Long on AsterShort on Bluefin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.070%−$7 on $10k
Price spread, last 3 days (all we have)−0.159%−$16 · spread now +0.010%, 7d avg +0.003%
Together, before fees−0.229%+ Points / potential airdropAster: Stage 5 · farm board−$23 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: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.070%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster HYPEUSDT93.2210.0011pay 0.0005% / 4h2h 05m$8.9M$35.8M300x
ShortBluefin HYPE-PERP93.2300.0096get 0.0012% / 1h5m 53s$75K$168K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bluefin 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
$17.9
Price spread: +0.010% → +0.003%
$0.61
Slippage, 4 orders
−$19.52
Fee Aster: 4 bp × 2 orders
−$8
Fee Bluefin: 3.5 bp × 2 orders
−$7
Net
−$16.02
Costs to cover
0.345%
Break-even
13.3 days
Slippage from Aster: live order book, 3 min ago; Bluefin: live order book, 18 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, 3 min ago0.48 bp4.6 bp −$55.1 bp −$5110.5 bp −$1,054doesn't fit
Sell Bluefin live order book, 18 min ago1.92 bp12.2 bp −$12doesn't fitdoesn'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−0.0848%1h93.321+0.107%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0253%1h93.394+0.185%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0230%1h93.210−0.012%$700K$934K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.237+0.017%$90K$358K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.236+0.016%$3K$33125xas long as short
Bullet HYPE-USD−0.0036%1h93.202−0.020%$111K$580K20xas long as short
Derive HYPE-PERP−0.0035%1h93.179−0.045%$16.3M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.280+0.063%$127K$32K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.335+0.122%$1.9M$5.2M2.3xas long as short
Perpl HYPE0.0000%43m93.264+0.046%$23K$334K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.270+0.052%$20K—150xas long as short
Aster HYPEUSDTlong+0.0011%4h93.221long leg$8.9M$35.8M300x
Bybit HYPEUSDT+0.0030%8h93.216−0.005%$324.6M$287.1M75xas long as short
Gate HYPE_USDT+0.0030%4h93.2210.000%$43.9M$57.8M75xas long as short
Popdex HYPEUSDT+0.0032%1h93.232+0.012%$58K$1.2M50xas long as short
Orderly PERP_HYPE_USDC+0.0053%4h93.228+0.007%$165K$538K20xas long as short
Phoenix HYPE+0.0068%1h93.345+0.133%$215K$1.2M10xas long as short
SoDEX HYPE-USD+0.0084%1h93.220−0.001%$2.0M$2.0M10xas long as short
Vest HYPE-PERP+0.0086%1h93.267+0.049%—$454K5xas long as short
Bluefin HYPE-PERPshort+0.0096%1h93.230+0.010%$75K$168K20x
Lighter HYPE+0.0096%1h93.270+0.052%$18.6M$60.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.256+0.038%$3.1M$12.4M20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.244+0.025%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.250+0.031%$36K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.219−0.002%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.305+0.090%$2.03B$670.7M10xas long as short
Pacifica HYPE+0.0100%1h93.264+0.046%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.220−0.001%$384.7M$889.8M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.215−0.006%$114.6M$314.4M50xas long as short
Arcus HYPE-USD+0.0100%1h93.199−0.024%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.285+0.069%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.219−0.002%$92.9M$82.5M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.229+0.009%$46.1M$18.8M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.238+0.018%$226.5M$102.6M75xas long as short
BingX HYPE-USDT+0.0100%4h93.219−0.002%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.262+0.044%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.263+0.045%$29.1M$50.2M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.304+0.089%$7.5M$45.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.276+0.059%$405K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.340+0.128%$675K$2.5M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.262+0.044%$492K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h93.270+0.053%$32K$1.6M20xas long as short
Phemex HYPEUSDT+0.0100%8h93.274+0.057%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.208−0.014%$18.4M$41.7M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.196−0.027%$396K$318K20xas long as short
edgeX HYPEUSDC+0.0113%4h93.268+0.051%$5.1M$29.4M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.260+0.042%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0246%1h93.219−0.002%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.910+0.739%$31K$291K12xas long as short
HTX HYPE-USDT+0.0292%4h93.450+0.246%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.268+0.050%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0340%1h93.350+0.138%$7.4M$4.6M50xas long as short
BloFin HYPE-USDT+0.0340%4h93.275+0.058%$17.1M$12.5M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.292+0.077%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.388+0.179%$19.2M$26.3M50xas long as short