Funding you earn now, next payment 22:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.23 per $10,000 · paid last 24h −0.054%
Price spread now: Hotstuff against Bulk−0.163%58s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.163% cheaper against Bulk than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 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 | Bulk HYPE-USD | 93.690 | 0.0100 | pay 0.0013% / 1h | 13m 37s | $205K | $12K | 10x |
| Short | Hotstuff HYPE-PERP | 93.537 | −0.0080 | pay 0.0010% / 1h | 13m 37s | $3K | $331 | 25x |
Bulk HYPE-USD
Hotstuff HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff 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
- −$37.8
- Price spread: −0.163% → 0.000%
- −$16.29
- Slippage, 4 orders
- no order book: not counted
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$66.09
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Bulk: live order book, 10 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 Bulk live order book, 10 min ago | 0.53 bp | 4.0 bp −$4 | 5.6 bp −$56 | 11.5 bp −$1,153 | 35.8 bp −$17.9K |
| 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 | −0.0936% | 1h | 93.570 | −0.128% | $198K | $233K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0264% | 1h | 93.630 | −0.063% | $22K | $22K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0233% | 1h | 93.440 | −0.266% | $702K | $932K | 10x | as long as short |
| Hotstuff HYPE-PERPshort | −0.0080% | 1h | 93.537 | −0.163% | $3K | $331 | 25x | |
| 01 Exchange HYPEUSD | −0.0072% | 1h | 93.549 | −0.150% | $90K | $346K | 20x | as long as short |
| Bullet HYPE-USD | −0.0028% | 1h | 93.543 | −0.157% | $111K | $582K | 20x | as long as short |
| Derive HYPE-PERP | −0.0021% | 1h | 93.489 | −0.214% | $16.4M | $7.0M | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.567 | −0.131% | $127K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.542 | −0.157% | $23K | $337K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.564 | −0.134% | $20K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Bullet HYPE-USD
Derive HYPE-PERP
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0020% | 4h | 93.528 | −0.172% | $8.9M | $35.8M | 300x | as long as short |
| Gate HYPE_USDT | +0.0026% | 4h | 93.467 | −0.238% | $44.0M | $57.5M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0035% | 8h | 93.460 | −0.245% | $325.5M | $287.0M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0048% | 1h | 93.533 | −0.167% | $58K | $1.2M | 50x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0059% | 4h | 93.542 | −0.158% | $177K | $520K | 20x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.603 | −0.092% | $216K | $1.2M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.500 | −0.202% | $18.6M | $59.7M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.523 | −0.178% | $3.1M | $12.4M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.479 | −0.225% | $340K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.490 | −0.213% | $37K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.531 | −0.170% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.643 | −0.050% | $2.04B | $670.7M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.511 | −0.191% | $10.0M | $14.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.487 | −0.217% | $385.9M | $889.1M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.453 | −0.253% | $114.9M | $315.5M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.440 | −0.266% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USDlong | +0.0100% | 1h | 93.690 | long leg | $205K | $12K | 10x | |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.476 | −0.228% | $93.5M | $82.4M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.502 | −0.200% | $46.4M | $18.8M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.486 | −0.217% | $227.1M | $102.5M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.463 | −0.242% | — | $54.2M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.569 | −0.129% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.561 | −0.138% | $29.2M | $50.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.632 | −0.061% | $7.5M | $45.3M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.601 | −0.095% | $406K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.588 | −0.108% | $677K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.578 | −0.119% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.574 | −0.123% | $494K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.530 | −0.170% | $76K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.612 | −0.083% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.531 | −0.169% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.521 | −0.180% | $12.7M | $2.6M | 50x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.443 | −0.263% | $18.3M | $41.4M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.505 | −0.197% | $398K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0107% | 4h | 93.591 | −0.105% | $5.1M | $29.7M | 30x | as long as short |
| Kalshi KXHYPEPERP | +0.0117% | 8h | 93.630 | −0.064% | $1.9M | $5.3M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.570 | −0.128% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0246% | 1h | 93.529 | −0.171% | $78K | $158K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.910 | +0.235% | $31K | $291K | 12x | as long as short |
| HTX HYPE-USDT | +0.0296% | 4h | 93.740 | +0.054% | $1.5M | $7.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0327% | 1h | 93.655 | −0.037% | $7.4M | $4.6M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.532 | −0.168% | $17.0M | $12.4M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0346% / S −0.0171% | 1h | 93.576 | −0.122% | $1.5M | — | 100x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.523 | −0.178% | $2.8M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0573% | 1h | 93.635 | −0.058% | $19.2M | $26.0M | 50x | as long as short |
Aster HYPEUSDT
Gate HYPE_USDT
Bybit HYPEUSDT
Popdex HYPEUSDT
Orderly PERP_HYPE_USDC
Phoenix HYPE
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Arcus HYPE-USD
MEXC HYPE_USDT
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
Phemex HYPEUSDT
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Injective HYPE/USDC PERP
HTX HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD