Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 04:00 UTC+0.0081%/8h= +8.9% APRnext payment +$0.41 per $10,000 · paid last 24h +0.009%
Price spread now: MEXC against Aster−0.031%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$130.127% of the position
Long on AsterShort on MEXC
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+0.027%+$3 · spread now −0.031%, 7d avg +0.016%
Together, before fees+0.053%+ Points / potential airdropAster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. MEXC is 0.046% cheaper against Aster than usual: you would sell low and buy high (spread −0.031% now, against its 7-day average of +0.016%). If the spread goes back, that is −$5 on $10k: about 46 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.026% in total) that is about 13 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster HYPEUSDT93.303−0.0001get 0.0001% / 4h2h 01m$8.8M$35.7M300x
ShortMEXC HYPE_USDT93.2740.0080get 0.0040% / 4h2h 01m$88.0M$83.5M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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
$17.08
Price spread: −0.031% → +0.016%
−$4.63
Slippage, 4 orders
−$0.71
Fee Aster: 4 bp × 2 orders
−$8
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$0.26
Costs to cover
0.127%
Break-even
7.1 days
Slippage from Aster: live order book, 2 min ago; MEXC: live order book, 2 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, 2 min ago0.27 bp4.3 bp −$44.9 bp −$4911.7 bp −$1,168doesn't fit
Sell MEXC live order book, 2 min ago0.05 bp2.1 bp −$22.7 bp −$2713.0 bp −$1,29834.1 bp −$17.1K

HYPE on 54 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−0.1120%1h93.340+0.040%$196K$227K7xas long as short
Arcus HYPE-USD−0.0786%1h93.152−0.162%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.296−0.007%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0063%1h93.220−0.089%$698K$904K10xas long as short
Phemex HYPEUSDT−0.0056%8h93.295−0.008%$12.6M$2.7M50xas long as short
Orderly PERP_HYPE_USDC−0.0052%4h93.284−0.020%$156K$640K20xas long as short
01 Exchange HYPEUSD−0.0040%1h93.279−0.025%$85K$346K20xas long as short
Aftermath Perps HYPEUSD−0.0015%1h93.445+0.153%$22K$21K10xas long as short
Aster HYPEUSDTlong−0.0001%4h93.303long leg$8.8M$35.7M300x
dYdX HYPE-USD0.0000%1h93.294−0.010%$128K$31K5xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.325+0.023%$22K$321K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.338+0.038%$26K—150xas long as short
BingX HYPE-USDT+0.0012%4h93.272−0.033%—$53.2M—as long as short
Gate HYPE_USDT+0.0014%4h93.266−0.039%$44.4M$55.9M75xas long as short
Bybit HYPEUSDT+0.0015%8h93.251−0.055%$319.9M$275.9M75xas long as short
Backpack HYPE_USDC_PERP+0.0019%1h93.271−0.034%$7.4M$10.4M20xas long as short
Phoenix HYPE+0.0060%1h93.424+0.130%$210K$1.2M10xas long as short
OKX HYPE-USDT-SWAP+0.0076%8h93.267−0.038%$114.6M$301.0M50xas long as short
Bullet HYPE-USD+0.0077%1h93.334+0.034%$112K$578K20xas long as short
Binance HYPEUSDT+0.0080%4h93.285−0.019%$379.5M$879.2M75xas long as short
MEXC HYPE_USDTshort+0.0080%4h93.274−0.031%$88.0M$83.5M100x
edgeX HYPEUSDC+0.0083%4h93.380+0.083%$5.0M$30.0M30xas long as short
Lighter HYPE+0.0096%1h93.293−0.010%$16.3M$62.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.308+0.006%$3.1M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.261−0.045%$67K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.331+0.030%$339K$163K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.280−0.024%$12K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.324+0.023%$5.7M$43.7M10xas long as short
Hyperliquid HYPE+0.0100%1h93.400+0.104%$2.04B$657.8M10xas long as short
Pacifica HYPE+0.0100%1h93.297−0.006%$10.0M$14.7M20xas long as short
Bulk HYPE-USD+0.0100%1h93.335+0.035%$203K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.304+0.001%$46.2M$18.0M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.263−0.043%$225.7M$96.9M75xas long as short
Variational Omni HYPE+0.0100%8h93.349+0.049%$31.1M$54.4M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.419+0.125%$7.5M$46.9M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.340+0.040%$337K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.464+0.173%$667K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.380+0.083%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.347+0.047%$474K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.278−0.027%$79K$170K20xas long as short
Derive HYPE-PERP+0.0100%1h93.268−0.038%$16.2M$7.6M10xas long as short
SunX HYPE-USDT+0.0100%4h93.420+0.126%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.302−0.001%$2.0M$1.9M10xas long as short
Extended HYPE-USD+0.0104%1h93.237−0.070%$18.3M$43.6M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.317+0.015%$397K$172K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.430+0.136%$4.9M$5.4M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h94.180+0.940%$31K$339K12xas long as short
HTX HYPE-USDT+0.0198%4h93.500+0.211%$1.4M$5.9M75xas long as short
RISEx HYPE/USDC+0.0210%1h93.355+0.056%$3.2M$6.7M20xas long as short
Reya HYPERUSDPERP+0.0256%1h93.323+0.022%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0279%8h93.402+0.106%$1.9M$4.9M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h93.340+0.040%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0425%1h93.385+0.088%$7.4M$4.4M50xas long as short
Kraken Futures PF_HYPEUSD+0.0683%1h93.372+0.075%$20.8M$30.0M50xas long as short