Funding you earn now, next payment 01:00 UTC−0.0091%/8h= −10.0% APRpaid last 24h −0.018%
Price spread now: Aster against Bulk+0.458%7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs+$30as in the Price arb table
costs, in and out, $10k−$200.196% of the position
Funding, last 3 days (all we have)−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)−0.399%−$40 · spread now +0.458%, 7d avg −0.039%
=Together, before fees−0.417%+ Points / potential airdropAster: Stage 5 · farm board−$42 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.497% dearer against Bulk than usual: you sell high and buy low (spread +0.458% now, against its 7-day average of −0.039%): +$50 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 18 days. At the pace of the last 3 days (−0.018% in total) that is about 3 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk HYPE-USD | 93.528 | 0.0100 | pay 0.0013% / 1h | 11m 16s | $204K | $12K | 10x |
| Short | Aster HYPEUSDT | 93.956 | 0.0009 | get 0.0004% / 4h | 3h 11m | $8.9M | $36.1M | 300x |
Bulk HYPE-USD
Aster HYPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Bulk. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$19.14
- Price spread: +0.458% → −0.039%
- $49.71
- Slippage, 4 orders
- −$4.62
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- $10.95
- Costs to cover
- 0.196%
- Break-even
- from the start
Slippage from Bulk: live order book, 63 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 Bulk live order book, 63 min ago | 0.53 bp | 4.0 bp −$4 | 5.9 bp −$59 | 12.3 bp −$1,232 | 35.8 bp −$17.9K |
| Sell Aster live order book, 3 min ago | 0.75 bp | 4.8 bp −$5 | 5.3 bp −$53 | 12.8 bp −$1,277 | 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 | −0.1184% | 1h | 93.935 | +0.435% | $199K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.859 | +0.354% | $1.2M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0204% | 1h | 93.946 | +0.447% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0108% | 1h | 93.870 | +0.365% | $710K | $960K | 10x | as long as short |
| dYdX HYPE-USD | −0.0093% | 1h | 94.002 | +0.506% | $129K | $31K | 5x | as long as short |
| Phemex HYPEUSDT | −0.0089% | 8h | 93.940 | +0.440% | $12.8M | $2.6M | 50x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.970 | +0.472% | $86K | $359K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.964 | +0.466% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0054% | 1h | 93.970 | +0.472% | $113K | $581K | 20x | as long as short |
| Gate HYPE_USDT | −0.0034% | 4h | 93.944 | +0.444% | $44.5M | $60.3M | 75x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
dYdX HYPE-USD
Phemex HYPEUSDT
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
Gate HYPE_USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_HYPE_USDC | −0.0028% | 4h | 93.908 | +0.406% | $159K | $643K | 20x | as long as short |
| Bybit HYPEUSDT | 0.0000% | 8h | 93.930 | +0.429% | $323.3M | $279.9M | 75x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.946 | +0.447% | $23K | $327K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.980 | +0.483% | $26K | — | 150x | as long as short |
| Aster HYPEUSDTshort | +0.0009% | 4h | 93.956 | +0.458% | $8.9M | $36.1M | 300x | |
| Derive HYPE-PERP | +0.0017% | 1h | 93.891 | +0.388% | $16.4M | $7.3M | 10x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 94.071 | +0.580% | $218K | $1.2M | 10x | as long as short |
| Binance HYPEUSDT | +0.0052% | 4h | 93.943 | +0.443% | $383.5M | $894.4M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0052% | 4h | 93.943 | +0.443% | $88.5M | $83.3M | 100x | as long as short |
| edgeX HYPEUSDC | +0.0058% | 4h | 93.999 | +0.503% | $5.1M | $30.1M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0074% | 8h | 93.936 | +0.436% | $116.1M | $315.4M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.967 | +0.469% | $19.0M | $60.5M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.965 | +0.467% | $3.0M | $12.2M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.966 | +0.468% | $65K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.977 | +0.480% | $400K | $180K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.987 | +0.491% | $341K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.960 | +0.462% | $29K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.921 | +0.420% | $6.6M | $44.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.020 | +0.526% | $2.05B | $676.6M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.987 | +0.490% | $10.2M | $14.6M | 20x | as long as short |
| Bulk HYPE-USDlong | +0.0100% | 1h | 93.528 | long leg | $204K | $12K | 10x | |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.935 | +0.435% | $46.7M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.943 | +0.443% | $227.5M | $100.3M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.942 | +0.442% | — | $54.1M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.947 | +0.448% | $7.8M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.920 | +0.418% | $31.4M | $53.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.053 | +0.561% | $7.6M | $46.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.061 | +0.570% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.040 | +0.547% | $671K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.005 | +0.509% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.996 | +0.500% | $475K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.933 | +0.433% | $76K | $170K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.048 | +0.556% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.934 | +0.434% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.913 | +0.412% | $18.4M | $45.2M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 94.000 | +0.504% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 94.490 | +1.028% | $31K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0208% | 4h | 93.959 | +0.460% | $17.0M | $12.1M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 94.005 | +0.510% | $2.7M | $6.7M | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0238% | 8h | 94.035 | +0.542% | $1.9M | $5.1M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0252% | 1h | 93.960 | +0.462% | $79K | $143K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0335% / S −0.0158% | 1h | 93.975 | +0.478% | $1.4M | — | 100x | as long as short |
| HTX HYPE-USDT | +0.0373% | 4h | 94.120 | +0.633% | $1.5M | $5.9M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0484% | 1h | 94.031 | +0.537% | $7.5M | $4.7M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0672% | 1h | 94.010 | +0.515% | $21.0M | $29.8M | 50x | as long as short |
Orderly PERP_HYPE_USDC
Bybit HYPEUSDT
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Derive HYPE-PERP
Phoenix HYPE
Binance HYPEUSDT
MEXC HYPE_USDT
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
BloFin HYPE-USDT
RISEx HYPE/USDC
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
HTX HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD