HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.02 per $10,000 · paid last 24h −0.046%

Price spread now: Hotstuff against Bullet+0.005%7-day average — · you sell dearer than you buy

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

Long on Bullet 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

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	Bullet HYPE-USD	94.044	−0.0099	get 0.0012% / 1h	40m 59s	$113K	$580K	20x
Short	Hotstuff HYPE-PERP	94.048	−0.0080	pay 0.0010% / 1h	40m 59s	$3K	$331	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Bullet. 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 BulletbpFee HotstuffbpOrdersPrice spread, now +0.005%Rate

Funding earned: $4.06
Price spread: +0.005% → 0.000%: $0.46
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$8.47
Costs to cover: 0.130%
Break-even: 21.6 days

Slippage unknown: Bullet: live order book, 33 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 Bullet live order book, 33 min ago	0.27 bp	7.1 bp −$7	9.4 bp −$94	doesn't fit	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	−0.1480%	1h	93.977	−0.071%	$199K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	93.931	−0.120%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0289%	1h	93.988	−0.060%	$22K	$23K	10x	as long as short
Phemex HYPEUSDT	−0.0201%	8h	94.089	+0.048%	$12.8M	$2.6M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0196%	1h	93.990	−0.057%	$705K	$935K	10x	as long as short
dYdX HYPE-USD	−0.0115%	1h	94.085	+0.044%	$128K	$29K	5x	as long as short
Gate HYPE_USDT	−0.0112%	4h	94.021	−0.024%	$44.4M	$59.3M	75x	as long as short
Bullet HYPE-USDlong	−0.0099%	1h	94.044	long leg	$113K	$580K	20x
01 Exchange HYPEUSD	−0.0088%	1h	94.059	+0.016%	$85K	$361K	20x	as long as short
Hotstuff HYPE-PERPshort	−0.0080%	1h	94.048	+0.005%	$3K	$331	25x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	−0.0049%	8h	93.992	−0.055%	$323.1M	$281.2M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0011%	4h	94.055	+0.012%	$170K	$593K	20x	as long as short
Perpl HYPE	0.0000%	43m	94.063	+0.020%	$23K	$327K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.063	+0.021%	$27K	—	150x	as long as short
Aster HYPEUSDT	+0.0018%	4h	94.060	+0.018%	$8.9M	$36.1M	300x	as long as short
Derive HYPE-PERP	+0.0024%	1h	94.019	−0.026%	$16.4M	$7.1M	10x	as long as short
Phoenix HYPE	+0.0034%	1h	94.122	+0.083%	$219K	$1.2M	10x	as long as short
Bluefin HYPE-PERP	+0.0040%	1h	94.056	+0.013%	$76K	$171K	20x	as long as short
MEXC HYPE_USDT	+0.0042%	4h	94.059	+0.016%	$88.8M	$82.2M	100x	as long as short
Binance HYPEUSDT	+0.0046%	4h	94.012	−0.034%	$383.8M	$894.2M	75x	as long as short
edgeX HYPEUSDC	+0.0051%	4h	93.973	−0.075%	$5.1M	$29.8M	30x	as long as short
Popdex HYPEUSDT	+0.0080%	1h	94.036	−0.008%	$63K	$1.2M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0081%	8h	94.011	−0.035%	$115.9M	$319.2M	50x	as long as short
Aevo HYPE-PERP	+0.0088%	1h	94.057	+0.015%	$400K	$193K	20x	as long as short
Lighter HYPE	+0.0096%	1h	94.082	+0.041%	$18.9M	$58.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.062	+0.020%	$3.1M	$12.0M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.062	+0.020%	$342K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.050	+0.007%	$24K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.035	−0.009%	$6.6M	$44.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.128	+0.090%	$2.05B	$678.1M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.060	+0.017%	$10.1M	$14.6M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.816	−0.242%	$204K	$5K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.062	+0.020%	$46.6M	$18.2M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.050	+0.007%	$228.1M	$101.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.014	−0.032%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.030	−0.015%	$7.7M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.010	−0.035%	$31.6M	$53.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.030	−0.015%	$7.6M	$45.7M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.865	−0.190%	$340K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.099	+0.059%	$680K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.076	+0.035%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.058	+0.015%	$480K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.114	+0.075%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.041	−0.003%	$2.0M	$2.0M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.036	−0.008%	$18.9M	$43.5M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.170	+0.134%	$4.9M	$5.5M	50x	as long as short
BloFin HYPE-USDT	+0.0182%	4h	94.026	−0.019%	$17.0M	$12.3M	75x	as long as short
Kalshi KXHYPEPERP	+0.0191%	8h	94.135	+0.097%	$1.9M	$5.1M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.260	+0.230%	$31K	$338K	12x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	94.076	+0.034%	$2.8M	$6.7M	20x	as long as short
Reya HYPERUSDPERP	+0.0251%	1h	94.030	−0.015%	$79K	$143K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0157%	1h	94.074	+0.032%	$1.5M	—	100x	as long as short
HTX HYPE-USDT	+0.0406%	4h	94.274	+0.245%	$1.5M	$6.3M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0409%	1h	94.147	+0.110%	$7.5M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0671%	1h	94.139	+0.102%	$21.0M	$29.7M	50x	as long as short