Funding arb · Price arb /

HYPE

all HYPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h +0.012%

Price spread now: Aster against gTrade (Gains Network)−0.010%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) HYPE/USD	94.279	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	34m 47s	$27K	—	150x
Short	Aster HYPEUSDT	94.269	0.0024	get 0.0012% / 4h	3h 34m	$8.9M	$36.1M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now −0.010%Rate

Funding earned: $4.66
Price spread: −0.010% → 0.000%: −$1.02
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$14.36
Costs to cover: 0.180%
Break-even: 28.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Aster: live order book, 4 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Aster live order book, 4 min ago	0.05 bp	4.1 bp −$4	4.5 bp −$45	11.5 bp −$1,153	doesn't fit

gTrade (Gains Network): 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	−0.1448%	1h	94.155	−0.132%	$199K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	94.174	−0.111%	$1.2M	$3.8M	10x	as long as short
Phemex HYPEUSDT	−0.0268%	8h	94.233	−0.049%	$12.8M	$2.6M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0263%	1h	94.150	−0.137%	$22K	$23K	10x	as long as short
dYdX HYPE-USD	−0.0185%	1h	94.245	−0.036%	$129K	$30K	5x	as long as short
Ondo Perps HYPE-USD.P	−0.0158%	1h	94.220	−0.063%	$710K	$947K	10x	as long as short
Bullet HYPE-USD	−0.0094%	1h	94.242	−0.039%	$112K	$580K	20x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	94.258	−0.022%	$86K	$361K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.260	−0.020%	$3K	$331	25x	as long as short
Bybit HYPEUSDT	−0.0019%	8h	94.240	−0.041%	$323.8M	$280.8M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_HYPE_USDC	−0.0012%	4h	94.258	−0.022%	$166K	$604K	20x	as long as short
Perpl HYPE	0.0000%	43m	94.289	+0.010%	$23K	$327K	10x	as long as short
gTrade (Gains Network) HYPE/USDlong	L +0.0002% / S −0.0003%	1h	94.279	long leg	$27K	—	150x
Gate HYPE_USDT	+0.0016%	4h	94.254	−0.027%	$44.6M	$59.6M	75x	as long as short
Aster HYPEUSDTshort	+0.0024%	4h	94.269	−0.010%	$8.9M	$36.1M	300x
Phoenix HYPE	+0.0034%	1h	94.173	−0.112%	$219K	$1.2M	10x	as long as short
MEXC HYPE_USDT	+0.0048%	4h	94.252	−0.029%	$89.6M	$82.4M	100x	as long as short
Derive HYPE-PERP	+0.0048%	1h	94.208	−0.076%	$16.5M	$7.3M	10x	as long as short
Binance HYPEUSDT	+0.0051%	4h	94.246	−0.035%	$384.4M	$893.4M	75x	as long as short
edgeX HYPEUSDC	+0.0058%	4h	94.030	−0.264%	$5.1M	$29.8M	30x	as long as short
OKX HYPE-USDT-SWAP	+0.0081%	8h	94.284	+0.005%	$116.4M	$319.7M	50x	as long as short
Lighter HYPE	+0.0096%	1h	94.311	+0.034%	$19.1M	$58.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.276	−0.003%	$3.1M	$12.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.245	−0.036%	$63K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	94.254	−0.027%	$401K	$193K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.314	+0.037%	$343K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.250	−0.031%	$24K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.249	−0.031%	$6.7M	$44.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.367	+0.093%	$2.06B	$675.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.291	+0.013%	$10.2M	$14.6M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.276	−0.003%	$46.7M	$18.2M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.282	+0.003%	$228.7M	$100.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.244	−0.037%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.275	−0.004%	$7.7M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.220	−0.062%	$31.8M	$54.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.045	−0.248%	$7.6M	$45.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.252	−0.029%	$341K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.245	−0.036%	$682K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.281	+0.002%	—	$271K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.266	−0.014%	$481K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.232	−0.050%	$76K	$171K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.319	+0.042%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.243	−0.038%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.120	−0.169%	$205K	$4K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.237	−0.044%	$19.1M	$44.2M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.280	+0.001%	$5.0M	$5.5M	50x	as long as short
BloFin HYPE-USDT	+0.0204%	4h	94.247	−0.034%	$17.0M	$12.3M	75x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.490	+0.224%	$31K	$338K	12x	as long as short
Kalshi KXHYPEPERP	+0.0209%	8h	94.307	+0.030%	$1.9M	$5.1M	2.3x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	94.299	+0.021%	$2.8M	$6.7M	20x	as long as short
Reya HYPERUSDPERP	+0.0251%	1h	94.242	−0.039%	$79K	$145K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0334% / S −0.0153%	1h	94.266	−0.014%	$1.5M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0355%	1h	94.337	+0.062%	$7.5M	$4.7M	50x	as long as short
HTX HYPE-USDT	+0.0449%	4h	94.428	+0.158%	$1.5M	$6.3M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0669%	1h	94.341	+0.066%	$21.1M	$29.7M	50x	as long as short