Funding you earn now, next payment 03:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h −0.021%
Price spread now: Hotstuff against Gate−0.294%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 −$4 a day on $10k at the current rate, and Hotstuff is 0.294% cheaper against Gate than usual: you would sell low and buy high (−$29 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate HYPE_USDT | 93.574 | 0.0056 | pay 0.0028% / 4h | 1h 45m | $44.6M | $54.5M | 75x |
| Short | Hotstuff HYPE-PERP | 93.299 | −0.0080 | pay 0.0010% / 1h | 45m 55s | $3K | $331 | 25x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Gate. 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
- −$28.56
- Price spread: −0.294% → 0.000%
- −$29.39
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$77.95
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 3 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 Gate live order book, 3 min ago | 0.27 bp | 11.6 bp −$12 | 15.2 bp −$152 | 32.5 bp −$3,250 | 57.2 bp −$28.6K |
| 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 | −0.1208% | 1h | 93.237 | −0.361% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.226 | −0.372% | $1.2M | $3.8M | 10x | as long as short |
| Bluefin HYPE-PERP | −0.0177% | 1h | 93.373 | −0.215% | $79K | $170K | 20x | as long as short |
| Hotstuff HYPE-PERPshort | −0.0080% | 1h | 93.299 | −0.294% | $3K | $331 | 25x | |
| Phemex HYPEUSDT | −0.0072% | 8h | 93.372 | −0.216% | $12.6M | $2.7M | 50x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0047% | 4h | 93.374 | −0.214% | $156K | $630K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0040% | 1h | 93.387 | −0.200% | $85K | $346K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0030% | 1h | 93.294 | −0.299% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0001% | 1h | 93.280 | −0.314% | $698K | $970K | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.346 | −0.243% | $128K | $31K | 5x | as long as short |
Show all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 93.345 | −0.245% | $23K | $322K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.393 | −0.193% | $62K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0008% | 4h | 93.578 | +0.004% | — | $53.0M | — | as long as short |
| Aster HYPEUSDT | +0.0008% | 4h | 93.452 | −0.131% | $8.8M | $35.6M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.418 | −0.167% | $213K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0028% | 8h | 93.530 | −0.047% | $322.9M | $276.4M | 75x | as long as short |
| Bullet HYPE-USD | +0.0053% | 1h | 93.377 | −0.211% | $111K | $577K | 20x | as long as short |
| Gate HYPE_USDTlong | +0.0056% | 4h | 93.574 | long leg | $44.6M | $54.5M | 75x | |
| OKX HYPE-USDT-SWAP | +0.0078% | 8h | 93.535 | −0.042% | $114.6M | $302.5M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0088% | 4h | 93.581 | +0.007% | $87.9M | $80.2M | 100x | as long as short |
| Binance HYPEUSDT | +0.0090% | 4h | 93.557 | −0.018% | $379.9M | $876.9M | 75x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.416 | −0.169% | $16.3M | $61.4M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.404 | −0.182% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.368 | −0.220% | $68K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.378 | −0.209% | $339K | $162K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.340 | −0.250% | $19K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.311 | −0.282% | $5.8M | $43.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.450 | −0.133% | $2.04B | $654.4M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.350 | −0.239% | $10.0M | $14.6M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.529 | −0.048% | $46.0M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.540 | −0.036% | $226.2M | $96.8M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.386 | −0.201% | $7.4M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.339 | −0.251% | $31.1M | $54.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.362 | −0.227% | $7.5M | $46.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.280 | −0.314% | $339K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.252 | −0.344% | $665K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.403 | −0.183% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.396 | −0.190% | $475K | $2.5M | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.373 | −0.215% | $16.2M | $7.6M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.479 | −0.102% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.400 | −0.186% | $2.0M | $1.9M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.998 | −0.616% | $202K | $10K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.502 | −0.077% | $18.3M | $43.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.385 | −0.202% | $397K | $170K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0104% | 4h | 93.274 | −0.320% | $5.0M | $29.9M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.450 | −0.133% | $4.9M | $5.4M | 50x | as long as short |
| HTX HYPE-USDT | +0.0203% | 4h | 93.500 | −0.079% | $1.4M | $6.0M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0257% | 1h | 93.366 | −0.222% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0280% | 8h | 93.394 | −0.192% | $1.9M | $5.0M | 2.3x | as long as short |
| BloFin HYPE-USDT | +0.0329% | 4h | 93.267 | −0.328% | — | $11.6M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0156% | 1h | 93.398 | −0.188% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0392% | 1h | 93.481 | −0.099% | $7.5M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.437 | −0.146% | $3.2M | $6.5M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.150 | −0.453% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0685% | 1h | 93.452 | −0.130% | $20.8M | $30.1M | 50x | as long as short |
Gate HYPE_USDT
Bluefin HYPE-PERP
Phemex HYPEUSDT
01 Exchange HYPEUSD
Aftermath Perps HYPEUSD
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Aster HYPEUSDT
Phoenix HYPE
Bybit HYPEUSDT
Bullet HYPE-USD
OKX HYPE-USDT-SWAP
MEXC HYPE_USDT
Binance HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Hyperliquid HYPE
Pacifica HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Polymarket Perps HYPE-USD
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Kalshi KXHYPEPERP
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD