HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0706%/8h= +77.3% APRnext payment +$0.88 per $10,000 · paid last 24h 0.000%

Price spread now: Hotstuff against Arcus+0.169%7-day average — · you sell dearer than you buy

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

Long on Arcus Short on Hotstuff

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 airdropHotstuff: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Hotstuff is 0.169% dearer against Arcus than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus HYPE-USD	92.907	−0.0786	get 0.0098% / 1h	55m 16s	$1.2M	$3.9M	10x
Short	Hotstuff HYPE-PERP	93.064	−0.0080	pay 0.0010% / 1h	55m 16s	$3K	$331	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Arcus. 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 ArcusbpFee HotstuffbpOrdersPrice spread, now +0.169%Rate

Funding earned: $148.33
Price spread: +0.169% → 0.000%: $16.9
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $155.72
Costs to cover: 0.095%
Break-even: from the start

Slippage unknown: Arcus: live order book, 4 min ago; Hotstuff: 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 Arcus live order book, 4 min ago	0.11 bp	3.3 bp −$3	9.5 bp −$95	30.3 bp −$3,031	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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	−0.1072%	1h	93.061	+0.166%	$196K	$229K	7x	as long as short
Arcus HYPE-USDlong	−0.0786%	1h	92.907	long leg	$1.2M	$3.9M	10x
ApeX Omni HYPEUSDT	−0.0434%	1h	93.179	+0.293%	$337K	$1.1M	50x	as long as short
Backpack HYPE_USDC_PERP	−0.0203%	1h	92.991	+0.090%	$7.8M	$10.6M	20x	as long as short
Aftermath Perps HYPEUSD	−0.0185%	1h	93.379	+0.508%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0148%	1h	92.990	+0.089%	$702K	$961K	10x	as long as short
01 Exchange HYPEUSD	−0.0096%	1h	93.025	+0.127%	$84K	$360K	20x	as long as short
Gate HYPE_USDT	−0.0096%	4h	93.037	+0.140%	$44.0M	$53.5M	75x	as long as short
Hotstuff HYPE-PERPshort	−0.0080%	1h	93.064	+0.169%	$3K	$331	25x
Bluefin HYPE-PERP	−0.0058%	1h	93.034	+0.137%	$79K	$173K	20x	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	−0.0045%	4h	93.018	+0.119%	$158K	$648K	20x	as long as short
Aster HYPEUSDT	−0.0031%	4h	93.076	+0.182%	$8.9M	$36.2M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.099	+0.206%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.004	+0.105%	$23K	$330K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.080	+0.186%	$25K	—	150x	as long as short
BingX HYPE-USDT	+0.0016%	4h	93.040	+0.143%	—	$54.1M	—	as long as short
Bybit HYPEUSDT	+0.0024%	8h	93.096	+0.203%	$319.4M	$280.9M	75x	as long as short
Derive HYPE-PERP	+0.0029%	1h	93.024	+0.126%	$16.2M	$7.6M	10x	as long as short
Phoenix HYPE	+0.0034%	1h	93.318	+0.442%	$212K	$1.2M	10x	as long as short
Binance HYPEUSDT	+0.0036%	4h	93.103	+0.211%	$378.6M	$901.9M	75x	as long as short
Bullet HYPE-USD	+0.0040%	1h	93.057	+0.161%	$112K	$579K	20x	as long as short
MEXC HYPE_USDT	+0.0040%	4h	93.107	+0.215%	$85.8M	$81.4M	100x	as long as short
edgeX HYPEUSDC	+0.0059%	4h	93.202	+0.317%	$5.0M	$29.7M	30x	as long as short
OKX HYPE-USDT-SWAP	+0.0067%	8h	93.104	+0.212%	$114.9M	$313.8M	50x	as long as short
Aevo HYPE-PERP	+0.0088%	1h	93.073	+0.179%	$396K	$177K	20x	as long as short
Phemex HYPEUSDT	+0.0092%	8h	93.146	+0.257%	$12.6M	$2.7M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.106	+0.215%	$18.6M	$58.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.133	+0.243%	$3.0M	$11.6M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.027	+0.129%	$64K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0098%	8h	93.077	+0.183%	$338K	$165K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.030	+0.132%	$37K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.032	+0.135%	$6.5M	$44.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.067	+0.172%	$2.02B	$673.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.059	+0.164%	$10.0M	$14.7M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.086	+0.193%	$45.9M	$18.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.110	+0.218%	$225.3M	$100.8M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.991	+0.090%	$30.4M	$54.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.196	+0.311%	$7.5M	$46.3M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.280	+0.401%	$666K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.086	+0.193%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.048	+0.152%	$473K	$2.5M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.110	+0.218%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.087	+0.194%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.250	+0.369%	$203K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.070	+0.175%	$18.3M	$44.7M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0136%	1h	93.090	+0.197%	$4.9M	$5.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0137%	1h	92.930	+0.025%	$30K	$338K	12x	as long as short
BloFin HYPE-USDT	+0.0145%	4h	93.121	+0.230%	$17.0M	$12.1M	75x	as long as short
RISEx HYPE/USDC	+0.0210%	1h	93.050	+0.154%	$2.7M	$6.7M	20x	as long as short
Kalshi KXHYPEPERP	+0.0252%	8h	93.071	+0.177%	$1.9M	$5.2M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0253%	1h	93.020	+0.122%	$79K	$143K	15x	as long as short
HTX HYPE-USDT	+0.0313%	4h	93.271	+0.392%	$1.5M	$6.1M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0334% / S −0.0158%	1h	93.065	+0.170%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0620%	1h	93.192	+0.307%	$7.4M	$4.7M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0684%	1h	93.172	+0.285%	$20.8M	$29.9M	50x	as long as short