HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.20 per $10,000 · paid last 24h −0.007%

Price spread now: Aster against Binance+0.011%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$190.187% of the position

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 7 days−0.014%−$1 · spread now +0.011%, 7d avg −0.017%

Together, before fees−0.038%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.028% dearer against Binance than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.017%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 7 days (−0.024% in total) that is about 8.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HYPEUSDT	94.103	0.0076	pay 0.0038% / 4h	51m 19s	$386.6M	$888.4M	75x
Short	Aster HYPEUSDT	94.113	0.0035	get 0.0017% / 4h	51m 19s	$8.9M	$35.8M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$8.58
Price spread: +0.011% → −0.017%: $2.81
Slippage, 4 orders: −$0.66
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$24.43
Costs to cover: 0.187%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; Aster: 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 Binance live order book, 8 min ago	0.05 bp	5.2 bp −$5	7.1 bp −$71	13.2 bp −$1,321	30.1 bp −$15.0K
Sell Aster live order book, 3 min ago	0.21 bp	4.2 bp −$4	4.8 bp −$48	11.3 bp −$1,135	doesn't fit

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	−0.0600%	1h	93.939	−0.175%	$199K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0466%	1h	93.904	−0.212%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	93.998	−0.112%	$1.2M	$3.8M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.094	−0.010%	$3K	$331	25x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.092	−0.012%	$128K	$30K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.109	+0.006%	$23K	$329K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.127	+0.025%	$27K	—	150x	as long as short
Phoenix HYPE	+0.0009%	1h	94.035	−0.072%	$215K	$1.2M	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0014%	4h	94.110	+0.007%	$176K	$526K	20x	as long as short
Bybit HYPEUSDT	+0.0021%	8h	94.073	−0.032%	$324.6M	$281.2M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDTshort	+0.0035%	4h	94.113	+0.011%	$8.9M	$35.8M	300x
Ondo Perps HYPE-USD.P	+0.0036%	1h	94.020	−0.088%	$704K	$908K	10x	as long as short
Phemex HYPEUSDT	+0.0067%	8h	94.047	−0.060%	$12.8M	$2.6M	50x	as long as short
Gate HYPE_USDT	+0.0072%	4h	94.099	−0.004%	$44.5M	$58.0M	75x	as long as short
edgeX HYPEUSDC	+0.0073%	4h	93.924	−0.190%	$5.1M	$29.7M	30x	as long as short
MEXC HYPE_USDT	+0.0074%	4h	94.109	+0.006%	$89.6M	$80.9M	100x	as long as short
Binance HYPEUSDTlong	+0.0076%	4h	94.103	long leg	$386.6M	$888.4M	75x
Derive HYPE-PERP	+0.0082%	1h	94.052	−0.054%	$16.5M	$6.9M	10x	as long as short
01 Exchange HYPEUSD	+0.0088%	1h	94.123	+0.021%	$86K	$364K	20x	as long as short
Lighter HYPE	+0.0096%	1h	94.148	+0.048%	$19.1M	$59.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.127	+0.025%	$3.1M	$12.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.111	+0.008%	$64K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	94.113	+0.010%	$400K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.106	+0.003%	$342K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.100	−0.003%	$29K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.088	−0.016%	$5.9M	$44.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.111	+0.009%	$10.2M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.069	−0.036%	$116.0M	$317.6M	50x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.125	+0.023%	$47.3M	$18.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.119	+0.017%	$228.1M	$102.7M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.099	−0.004%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.087	−0.017%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.882	−0.235%	$32.1M	$53.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.938	−0.176%	$7.6M	$45.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.072	−0.033%	$335K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.068	−0.037%	$680K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.141	+0.040%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.139	+0.038%	$485K	$2.5M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	94.103	0.000%	$113K	$578K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.093	−0.011%	$76K	$166K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.094	−0.010%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.104	+0.001%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.680	−0.450%	$205K	$7K	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	94.050	−0.056%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.085	−0.019%	$18.7M	$42.1M	50x	as long as short
Kalshi KXHYPEPERP	+0.0124%	8h	94.141	+0.040%	$1.9M	$5.0M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	94.110	+0.007%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0228%	4h	94.275	+0.183%	$1.5M	$7.7M	75x	as long as short
Reya HYPERUSDPERP	+0.0248%	1h	94.103	−0.001%	$77K	$142K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0260%	1h	94.196	+0.099%	$7.4M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	94.143	+0.042%	$2.8M	$6.8M	20x	as long as short
BloFin HYPE-USDT	+0.0303%	4h	94.097	−0.007%	$17.0M	$12.4M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0340% / S −0.0165%	1h	94.092	−0.012%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0576%	1h	94.205	+0.109%	$21.1M	$29.1M	50x	as long as short
Hyperliquid HYPE	+0.0753%	1h	94.194	+0.097%	$2.05B	$666.3M	10x	as long as short