HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.10 per $10,000 · paid last 24h −0.024%

Price spread now: Hotstuff against dYdX−0.134%53s7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Hotstuff is 0.134% cheaper against dYdX than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 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	dYdX HYPE-USD	93.220	0	get 0.0000% / 1h	39m 37s	$128K	$29K	5x
Short	Hotstuff HYPE-PERP	93.095	−0.0080	pay 0.0010% / 1h	39m 37s	$3K	$331	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against dYdX. 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 dYdXbpFee HotstuffbpOrdersPrice spread, now −0.134%Rate

Funding earned: −$16.8
Price spread: −0.134% → 0.000%: −$13.36
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$45.16
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: dYdX: live order book, 9 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 dYdX live order book, 9 min ago	36.06 bp	41.1 bp −$41	48.2 bp −$482	123.1 bp −$12.3K	1048.6 bp −$524.3K
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	−0.1736%	1h	93.110	−0.118%	$196K	$232K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0365%	1h	93.359	+0.150%	$22K	$21K	10x	as long as short
Bullet HYPE-USD	−0.0087%	1h	93.138	−0.088%	$111K	$578K	20x	as long as short
Hotstuff HYPE-PERPshort	−0.0080%	1h	93.095	−0.134%	$3K	$331	25x
Orderly PERP_HYPE_USDC	−0.0024%	4h	93.177	−0.046%	$146K	$663K	20x	as long as short
01 Exchange HYPEUSD	−0.0024%	1h	93.132	−0.094%	$87K	$366K	20x	as long as short
dYdX HYPE-USDlong	0.0000%	1h	93.220	long leg	$128K	$29K	5x
Kalshi KXHYPEPERP	0.0000%	8h	93.152	−0.073%	$1.8M	$5.6M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	93.139	−0.087%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.200	−0.021%	$62K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus HYPE-USD	+0.0011%	1h	93.084	−0.145%	$1.0M	$3.9M	10x	as long as short
Bitget HYPEUSDT	+0.0014%	4h	93.118	−0.109%	$225.2M	$98.9M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0015%	1h	93.080	−0.150%	$701K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0022%	8h	93.090	−0.139%	$316.2M	$283.9M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	93.305	+0.092%	$209K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0045%	8h	93.218	−0.002%	$12.6M	$2.7M	50x	as long as short
edgeX HYPEUSDC	+0.0084%	4h	93.341	+0.130%	$5.0M	$29.9M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	93.155	−0.069%	$339K	$162K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.165	−0.058%	$16.1M	$63.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.155	−0.069%	$3.1M	$11.4M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.111	−0.116%	$76K	$1.1M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	93.120	−0.107%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.112	−0.116%	$8.0M	$48.5M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.194	−0.027%	$2.03B	$667.7M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.145	−0.080%	$8.7M	$36.5M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.167	−0.057%	$10.0M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.143	−0.082%	$373.2M	$913.0M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.118	−0.109%	$114.2M	$308.4M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.160	−0.064%	$46.5M	$54.1M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.118	−0.109%	$90.1M	$80.7M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.144	−0.081%	$46.0M	$18.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.119	−0.108%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.209	−0.011%	$7.3M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.140	−0.086%	$28.5M	$56.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.468	+0.266%	$7.5M	$47.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.345	+0.135%	$342K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.273	+0.057%	$667K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.208	−0.012%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.168	−0.055%	$501K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.197	−0.024%	$79K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.184	−0.038%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.171	−0.052%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.179	−0.044%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.297	+0.083%	$1.4M	$6.4M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.344	+0.134%	$215K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.087	−0.142%	$18.1M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.183	−0.039%	$394K	$161K	20x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	93.190	−0.032%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.200	−0.021%	$4.8M	$5.6M	50x	as long as short
Reya HYPERUSDPERP	+0.0268%	1h	93.141	−0.084%	$80K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.168	−0.055%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.200	−0.021%	$16.8M	$11.9M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0342%	1h	93.242	+0.024%	$20.8M	$29.6M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0512%	1h	93.302	+0.088%	$7.5M	$4.0M	50x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	93.188	−0.034%	$3.2M	$6.2M	20x	as long as short