HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0128%/8h= +14.0% APRnext payment +$0.64 per $10,000 · paid last 24h +0.058%

Price spread now: HTX against Aster+0.161%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on Aster Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 4 days (all we have)−0.366%−$37 · spread now +0.161%, 7d avg +0.062%

Together, before fees−0.287%+ Points / potential airdropAster: Stage 5 · farm board−$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and HTX is 0.099% dearer against Aster than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HYPEUSDT	95.225	−0.0028	get 0.0014% / 4h	1h 54m	$9.0M	$32.9M	300x
Short	HTX HYPE-USDT	95.379	0.0100	get 0.0050% / 4h	1h 54m	$1.4M	$5.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.161%Rate

Funding earned: $26.91
Price spread: +0.161% → +0.062%: $9.94
Slippage, 4 orders: −$7.15
Fee Aster: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: $9.7
Costs to cover: 0.272%
Break-even: 4.5 days

Slippage from Aster: live order book, 3 min ago; HTX: live order book, 3 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 Aster live order book, 3 min ago	0.58 bp	4.6 bp −$5	4.8 bp −$48	12.1 bp −$1,211	doesn't fit
Sell HTX live order book, 3 min ago	0.42 bp	9.0 bp −$9	13.3 bp −$133	55.9 bp −$5,595	doesn't fit

HYPE on 54 exchanges

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	−0.1272%	1h	95.275	+0.052%	$213K	$261K	7x	as long as short
Phemex HYPEUSDT	−0.0287%	8h	95.237	+0.012%	$13.0M	$2.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	−0.0251%	1h	95.269	+0.046%	$18.6M	$35.2M	50x	as long as short
Bullet HYPE-USD	−0.0146%	1h	95.222	−0.004%	$114K	$581K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0135%	1h	95.243	+0.018%	$22K	$17K	10x	as long as short
Arcus HYPE-USD	−0.0130%	1h	95.220	−0.006%	$1.1M	$2.4M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0124%	1h	95.160	−0.069%	$690K	$1.3M	10x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	95.218	−0.008%	$92K	$337K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.191	−0.036%	$3K	$331	25x	as long as short
Gate HYPE_USDT	−0.0072%	4h	95.229	+0.004%	$54.7M	$53.1M	75x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International HYPE-PERP-INTX	−0.0056%	1h	95.260	+0.036%	$4.7M	$5.6M	50x	as long as short
Lighter HYPE	−0.0048%	1h	95.219	−0.007%	$16.3M	$57.5M	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0040%	4h	95.227	+0.002%	$148K	$643K	20x	as long as short
Aster HYPEUSDTlong	−0.0028%	4h	95.225	long leg	$9.0M	$32.9M	300x
OKX HYPE-USDT-SWAP	−0.0011%	8h	95.187	−0.040%	$119.3M	$303.2M	50x	as long as short
dYdX HYPE-USD	0.0000%	1h	95.259	+0.035%	$129K	$94K	5x	as long as short
Perpl HYPE	0.0000%	43m	95.197	−0.030%	$24K	$251K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.309	+0.088%	$100K	—	150x	as long as short
Phoenix HYPE	+0.0017%	1h	95.333	+0.113%	$201K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0020%	4h	95.210	−0.016%	$228.8M	$86.9M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0023%	1h	95.345	+0.126%	$7.5M	$4.3M	50x	as long as short
Popdex HYPEUSDT	+0.0024%	1h	95.218	−0.008%	$274K	$1.0M	50x	as long as short
Bybit HYPEUSDT	+0.0032%	8h	95.220	−0.006%	$320.8M	$266.6M	75x	as long as short
Bulk HYPE-USD	+0.0074%	1h	95.269	+0.046%	$232K	$12K	10x	as long as short
Paradex HYPE-USD-PERP	+0.0075%	8h	95.235	+0.010%	$340K	$35K	20x	as long as short
edgeX HYPEUSDC	+0.0092%	4h	95.253	+0.028%	$5.1M	$29.1M	30x	as long as short
Vest HYPE-PERP	+0.0093%	1h	95.297	+0.075%	—	$80K	5x	as long as short
MEXC HYPE_USDT	+0.0094%	4h	95.223	−0.003%	$90.7M	$83.0M	100x	as long as short
Binance HYPEUSDT	+0.0096%	4h	95.215	−0.011%	$382.8M	$856.2M	75x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.244	+0.019%	$3.3M	$10.0M	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	95.200	−0.027%	$39K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.215	−0.011%	$7.3M	$51.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.255	+0.031%	$10.3M	$13.3M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.231	+0.006%	$48.1M	$17.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	95.235	+0.010%	—	$48.7M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	95.305	+0.084%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.251	+0.026%	$30.0M	$53.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.301	+0.079%	$7.7M	$39.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.191	−0.036%	$347K	$883K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	95.269	+0.046%	$693K	$2.8M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	95.252	+0.028%	$504K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	95.262	+0.038%	$79K	$136K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.350	+0.131%	$33K	$1.4M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	95.260	+0.036%	$2.1M	$373K	10x	as long as short
HTX HYPE-USDTshort	+0.0100%	4h	95.379	+0.161%	$1.4M	$5.4M	75x
Extended HYPE-USD	+0.0104%	1h	95.194	−0.034%	$18.4M	$39.8M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	95.256	+0.032%	$403K	$130K	20x	as long as short
Hyperliquid HYPE	+0.0114%	1h	95.334	+0.114%	$2.11B	$645.2M	10x	as long as short
Kalshi KXHYPEPERP	+0.0123%	8h	95.315	+0.094%	$1.8M	$5.1M	2.3x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	95.261	+0.038%	$3.2M	$5.5M	20x	as long as short
Reya HYPERUSDPERP	+0.0270%	1h	95.188	−0.040%	$85K	$100K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0155%	1h	95.293	+0.071%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0338%	4h	95.266	+0.043%	$17.3M	$11.5M	75x	as long as short
Injective HYPE/USDC PERP	+0.0969%	1h	95.400	+0.183%	$31K	$334K	12x	as long as short