Funding arb · Price arb /

HYPE

all HYPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h −0.011%

Price spread now: gTrade (Gains Network) against Aster+0.004%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), 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	Aster HYPEUSDT	93.147	0.0018	pay 0.0009% / 4h	1h 11m	$8.8M	$35.9M	300x
Short	gTrade (Gains Network) HYPE/USD	93.151	L +0.0002% / S −0.0002%	get 0.0000% / 1h	11m 57s	$62K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Position, each leg$Hold fordaysFee AsterbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.004%Rate

Funding earned: −$3.37
Price spread: +0.004% → 0.000%: $0.44
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$20.94
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 2 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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 Aster live order book, 2 min ago	0.48 bp	4.6 bp −$5	5.0 bp −$50	11.1 bp −$1,106	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1000%	1h	93.101	−0.050%	$197K	$227K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	92.998	−0.160%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0134%	1h	93.040	−0.115%	$699K	$1.0M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.088	−0.064%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	93.114	−0.036%	$85K	$345K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0050%	1h	93.224	+0.083%	$22K	$21K	10x	as long as short
Orderly PERP_HYPE_USDC	−0.0049%	4h	93.120	−0.029%	$155K	$654K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.083	−0.069%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.132	−0.017%	$23K	$319K	10x	as long as short
gTrade (Gains Network) HYPE/USDshort	L +0.0002% / S −0.0002%	1h	93.151	+0.004%	$62K	—	150x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet HYPE-USD	+0.0012%	1h	93.095	−0.056%	$111K	$579K	20x	as long as short
Phemex HYPEUSDT	+0.0015%	8h	93.131	−0.018%	$12.6M	$2.7M	50x	as long as short
Aster HYPEUSDTlong	+0.0018%	4h	93.147	long leg	$8.8M	$35.9M	300x
Phoenix HYPE	+0.0026%	1h	93.156	+0.009%	$212K	$1.2M	10x	as long as short
BingX HYPE-USDT	+0.0036%	4h	93.135	−0.013%	—	$52.9M	—	as long as short
Gate HYPE_USDT	+0.0044%	4h	93.172	+0.026%	$44.5M	$55.5M	75x	as long as short
Bybit HYPEUSDT	+0.0047%	8h	93.230	+0.089%	$320.7M	$277.0M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0076%	8h	93.232	+0.091%	$113.6M	$299.5M	50x	as long as short
Derive HYPE-PERP	+0.0094%	1h	93.100	−0.051%	$16.1M	$7.5M	10x	as long as short
Lighter HYPE	+0.0096%	1h	93.136	−0.012%	$16.2M	$62.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.125	−0.024%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.101	−0.050%	$70K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.159	+0.013%	$339K	$162K	20x	as long as short
MEXC HYPE_USDT	+0.0098%	4h	93.230	+0.089%	$89.5M	$81.2M	100x	as long as short
Binance HYPEUSDT	+0.0098%	4h	93.227	+0.086%	$376.9M	$880.3M	75x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.120	−0.029%	$24K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.095	−0.056%	$5.8M	$43.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.176	+0.031%	$2.03B	$657.5M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.134	−0.014%	$10.0M	$14.8M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.235	+0.094%	$45.8M	$18.2M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.240	+0.099%	$225.5M	$96.4M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.115	−0.035%	$7.3M	$10.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.377	+0.246%	$31.1M	$53.8M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.364	+0.232%	$7.5M	$45.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.292	+0.155%	$339K	$998K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.148	+0.001%	$665K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.139	−0.009%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.139	−0.009%	$481K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.107	−0.043%	$79K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.158	+0.011%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.125	−0.024%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.155	+0.008%	$203K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.212	+0.069%	$18.3M	$42.9M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.121	−0.029%	$396K	$162K	20x	as long as short
edgeX HYPEUSDC	+0.0117%	4h	93.295	+0.159%	$5.0M	$29.1M	30x	as long as short
HTX HYPE-USDT	+0.0138%	4h	93.247	+0.107%	$1.4M	$6.0M	75x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.150	+0.003%	$4.8M	$5.5M	50x	as long as short
Reya HYPERUSDPERP	+0.0259%	1h	93.092	−0.060%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0269%	8h	93.154	+0.007%	$1.9M	$5.2M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0156%	1h	93.137	−0.011%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0339%	4h	93.088	−0.064%	$17.0M	$11.5M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0394%	1h	93.217	+0.075%	$7.4M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.194	+0.049%	$3.2M	$6.3M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.730	+0.625%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0687%	1h	93.182	+0.037%	$20.7M	$29.8M	50x	as long as short