HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.28 per $10,000 · paid last 24h −0.010%

Price spread now: Aster against edgeX+0.125%100s7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$180.181% of the position

Long on edgeX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 7 days−0.109%−$11 · spread now +0.125%, 7d avg +0.026%

Together, before fees−0.153%+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm board−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.099% dearer against edgeX than usual: you sell high and buy low (spread +0.125% now, against its 7-day average of +0.026%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.9 days. At the pace of the last 7 days (−0.044% in total) that is about 16 days. The two prices were read 100 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	edgeX HYPEUSDC	94.085	0.0095	pay 0.0048% / 4h	47m 53s	$5.1M	$29.8M	30x
Short	Aster HYPEUSDT	94.202	0.0040	get 0.0020% / 4h	47m 53s	$8.9M	$35.8M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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 edgeXbpFee AsterbpOrdersPrice spread, now +0.125%Rate

Funding earned: −$11.71
Price spread: +0.125% → +0.026%: $9.9
Slippage, 4 orders: −$1.06
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$19.86
Costs to cover: 0.181%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; Aster: live order book, 6 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 edgeX live order book, 1 min ago	0.32 bp	4.8 bp −$5	5.0 bp −$50	93.4 bp −$9,341	doesn't fit
Sell Aster live order book, 6 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	−0.0608%	1h	94.166	+0.087%	$199K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0460%	1h	94.010	−0.080%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	94.106	+0.022%	$1.2M	$3.8M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.158	+0.078%	$3K	$331	25x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.189	+0.111%	$128K	$30K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.219	+0.143%	$23K	$329K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.229	+0.153%	$27K	—	150x	as long as short
Phoenix HYPE	+0.0009%	1h	94.176	+0.097%	$216K	$1.2M	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0013%	4h	94.210	+0.133%	$170K	$534K	20x	as long as short
Bybit HYPEUSDT	+0.0022%	8h	94.205	+0.128%	$325.0M	$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	+0.0040%	4h	94.202	+0.125%	$8.9M	$35.8M	300x
Phemex HYPEUSDT	+0.0056%	8h	94.184	+0.105%	$12.8M	$2.6M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0059%	1h	94.020	−0.069%	$704K	$907K	10x	as long as short
01 Exchange HYPEUSD	+0.0072%	1h	94.204	+0.127%	$87K	$364K	20x	as long as short
MEXC HYPE_USDT	+0.0074%	4h	94.213	+0.136%	$88.3M	$81.0M	100x	as long as short
Binance HYPEUSDT	+0.0076%	4h	94.229	+0.153%	$386.1M	$889.4M	75x	as long as short
Gate HYPE_USDT	+0.0076%	4h	94.201	+0.123%	$44.3M	$58.3M	75x	as long as short
Derive HYPE-PERP	+0.0095%	1h	94.162	+0.082%	$16.5M	$6.9M	10x	as long as short
edgeX HYPEUSDClong	+0.0095%	4h	94.085	long leg	$5.1M	$29.8M	30x
Lighter HYPE	+0.0096%	1h	94.260	+0.186%	$19.1M	$59.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.244	+0.169%	$3.1M	$12.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.193	+0.115%	$64K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.195	+0.117%	$342K	$171K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.230	+0.154%	$30K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.194	+0.115%	$5.8M	$44.3M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.220	+0.144%	$10.2M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.197	+0.119%	$116.1M	$319.2M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.095	+0.011%	$205K	$7K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.225	+0.149%	$47.3M	$18.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.216	+0.139%	$228.2M	$102.7M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.205	+0.128%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.234	+0.158%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.073	−0.012%	$32.2M	$53.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.128	+0.046%	$7.6M	$45.4M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.127	+0.045%	$336K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.143	+0.062%	$681K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.239	+0.164%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.231	+0.155%	$486K	$2.5M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	94.205	+0.128%	$113K	$577K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.202	+0.124%	$76K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.234	+0.158%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.211	+0.134%	$2.0M	$2.0M	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	94.090	+0.005%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.191	+0.112%	$18.7M	$42.0M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.244	+0.169%	$401K	$318K	20x	as long as short
Kalshi KXHYPEPERP	+0.0126%	8h	94.279	+0.206%	$1.9M	$5.0M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	94.310	+0.239%	$5.0M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0232%	4h	94.343	+0.274%	$1.5M	$7.7M	75x	as long as short
Reya HYPERUSDPERP	+0.0248%	1h	94.202	+0.125%	$77K	$142K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0280%	1h	94.307	+0.236%	$7.4M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	94.249	+0.174%	$2.8M	$6.8M	20x	as long as short
BloFin HYPE-USDT	+0.0303%	4h	94.117	+0.034%	$17.0M	$12.3M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0341% / S −0.0165%	1h	94.212	+0.135%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0575%	1h	94.322	+0.252%	$21.1M	$29.1M	50x	as long as short
Hyperliquid HYPE	+0.0698%	1h	94.297	+0.225%	$2.06B	$667.6M	10x	as long as short