HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0145%/8h= −15.9% APRnext payment −$0.73 per $10,000 · paid last 24h −0.032%

Price spread now: Orderly against Aster+0.049%49s7-day average +0.001% · you sell dearer than you buy

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

Long on Aster Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.130%−$13 on $10k

Price spread, last 4 days (all we have)−0.094%−$9 · spread now +0.049%, 7d avg +0.001%

Together, before fees−0.224%+ Points / potential airdropAster: Stage 5 · farm board−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.047% dearer against Aster than usual: you sell high and buy low (spread +0.049% now, against its 7-day average of +0.001%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.130% in total) that is about 2.6 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HYPEUSDT	93.268	0.0100	pay 0.0050% / 4h	3h 02m	$8.7M	$36.4M	300x
Short	Orderly PERP_HYPE_USDC	93.313	−0.0045	pay 0.0023% / 4h	3h 02m	$146K	$670K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.049%Rate

Funding earned: −$30.47
Price spread: +0.049% → +0.001%: $4.75
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$39.73
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 2 min ago; Orderly: 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	0.05 bp	4.1 bp −$4	4.1 bp −$41	9.7 bp −$972	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.1880%	1h	93.444	+0.189%	$197K	$232K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0325%	1h	93.243	−0.027%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	93.213	−0.058%	$1.0M	$3.9M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.324	+0.061%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDCshort	−0.0045%	4h	93.313	+0.049%	$146K	$670K	20x
Ondo Perps HYPE-USD.P	−0.0014%	1h	93.240	−0.030%	$702K	$1.2M	10x	as long as short
Bullet HYPE-USD	−0.0010%	1h	93.233	−0.037%	$111K	$578K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.328	+0.065%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.277	+0.010%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.279	+0.013%	$62K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange HYPEUSD	+0.0016%	1h	93.249	−0.020%	$87K	$366K	20x	as long as short
Phemex HYPEUSDT	+0.0022%	8h	93.349	+0.087%	$12.6M	$2.7M	50x	as long as short
Bybit HYPEUSDT	+0.0024%	8h	93.223	−0.048%	$317.3M	$284.2M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	93.446	+0.191%	$209K	$1.2M	10x	as long as short
Bitget HYPEUSDT	+0.0028%	4h	93.240	−0.030%	$225.6M	$99.0M	75x	as long as short
Gate HYPE_USDT	+0.0050%	4h	93.246	−0.023%	$45.8M	$55.2M	75x	as long as short
Popdex HYPEUSDT	+0.0056%	1h	93.232	−0.038%	$76K	$1.1M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	93.303	+0.038%	$339K	$162K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.274	+0.007%	$16.0M	$63.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.279	+0.012%	$3.1M	$11.7M	20x	as long as short
edgeX HYPEUSDC	+0.0098%	4h	93.361	+0.100%	$5.0M	$29.8M	30x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	93.240	−0.030%	$12K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.264	−0.003%	$6.8M	$47.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.287	+0.021%	$2.03B	$665.9M	10x	as long as short
Aster HYPEUSDTlong	+0.0100%	4h	93.268	long leg	$8.7M	$36.4M	300x
Pacifica HYPE	+0.0100%	1h	93.267	−0.001%	$10.0M	$15.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.247	−0.022%	$374.1M	$910.0M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.231	−0.039%	$114.5M	$305.7M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.328	+0.065%	$203K	$3K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.238	−0.032%	$91.7M	$81.7M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.241	−0.028%	$46.1M	$18.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.230	−0.040%	—	$53.8M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.352	+0.091%	$7.3M	$11.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.319	+0.055%	$28.8M	$56.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.407	+0.150%	$7.5M	$47.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.261	−0.007%	$342K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.424	+0.168%	$668K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.318	+0.054%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.270	+0.003%	$489K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.302	+0.037%	$79K	$167K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.303	+0.038%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.358	+0.097%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.320	+0.056%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.487	+0.235%	$1.4M	$6.4M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.206	−0.066%	$18.1M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.324	+0.061%	$395K	$164K	20x	as long as short
Kalshi KXHYPEPERP	+0.0140%	8h	93.425	+0.169%	$1.8M	$5.5M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.390	+0.131%	$4.8M	$5.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0196%	1h	93.397	+0.139%	$20.7M	$29.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	93.360	+0.099%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0267%	1h	93.238	−0.032%	$80K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.266	−0.001%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.308	+0.043%	$16.8M	$11.9M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0446%	1h	93.412	+0.155%	$7.5M	$4.3M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	93.303	+0.038%	$3.2M	$6.3M	20x	as long as short