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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0035%/8h= +3.8% APRnext payment +$0.04 per $10,000 · paid last 24h −0.046%
Price spread now: Arcus against Hotstuff−0.167%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on HotstuffShort on Arcus
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
Funding pays, the price is against you. Arcus is 0.167% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.167% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 16 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff HYPE-PERP94.143−0.0080get 0.0010% / 1h24m 07s$3K$33125x
ShortArcus HYPE-USD93.986−0.0045pay 0.0006% / 1h24m 07s$1.0M$3.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Hotstuff. 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

Funding earned
$7.34
Price spread: −0.167% → 0.000%
−$16.68
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$18.83
Costs to cover
0.095%
Break-even
25.0 days
Slippage unknown: Hotstuff: no order-book sample; Arcus: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hotstuff no order-book sample—————
Sell Arcus live order book, 5 min ago0.53 bp3.4 bp −$38.5 bp −$8528.6 bp −$2,863doesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.1744%1h94.075−0.073%$202K$255K7xas long as short
Bluefin HYPE-PERP−0.0411%1h93.998−0.154%$79K$152K20xas long as short
Ondo Perps HYPE-USD.P−0.0232%1h93.970−0.184%$711K$1.2M10xas long as short
Bullet HYPE-USD−0.0229%1h94.012−0.139%$111K$577K20xas long as short
Aftermath Perps HYPEUSD−0.0129%1h94.199+0.059%$22K$20K10xas long as short
01 Exchange HYPEUSD−0.0112%1h94.044−0.105%$87K$367K20xas long as short
Hotstuff HYPE-PERPlong−0.0080%1h94.143long leg$3K$33125x
Derive HYPE-PERP−0.0074%1h93.982−0.171%$16.4M$7.5M10xas long as short
Lighter HYPE−0.0056%1h94.007−0.144%$16.3M$64.4M20xas long as short
Arcus HYPE-USDshort−0.0045%1h93.986−0.167%$1.0M$3.6M10x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit HYPEUSDT−0.0019%8h94.010−0.141%$316.0M$289.2M75xas long as short
BingX HYPE-USDT−0.0018%4h94.006−0.146%—$52.9M—as long as short
Orderly PERP_HYPE_USDC−0.0008%4h94.013−0.138%$146K$684K20xas long as short
Polymarket Perps HYPE-USD−0.0002%1h94.065−0.083%$496K$2.8M20xas long as short
dYdX HYPE-USD0.0000%1h94.059−0.089%$129K$94K5xas long as short
Kalshi KXHYPEPERP0.0000%8h94.121−0.023%$1.8M$5.6M2.3xas long as short
Phoenix HYPE0.0000%1h94.232+0.095%$209K$1.1M10xas long as short
Perpl HYPE0.0000%43m94.049−0.100%$19K$288K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S 0.0000%1h94.066−0.082%$123K—150xas long as short
Paradex HYPE-USD-PERP+0.0031%8h94.009−0.143%$336K$154K20xas long as short
Bitget HYPEUSDT+0.0034%4h94.002−0.150%$225.8M$100.0M75xas long as short
SoDEX HYPE-USD+0.0040%1h94.013−0.138%$2.0M$1.9M10xas long as short
Vest HYPE-PERP+0.0047%1h94.097−0.048%—$190K5xas long as short
Phemex HYPEUSDT+0.0051%8h94.059−0.089%$12.8M$2.9M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0064%1h94.090−0.056%$4.7M$6.2M50xas long as short
OKX HYPE-USDT-SWAP+0.0068%8h94.005−0.147%$117.2M$323.1M50xas long as short
edgeX HYPEUSDC+0.0094%4h94.209+0.070%$5.0M$30.7M30xas long as short
Gate HYPE_USDT+0.0094%4h93.998−0.154%$49.8M$56.7M75xas long as short
Lighter RH HYPE+0.0096%1h94.015−0.136%$3.2M$10.8M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.020−0.131%$81K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h94.040−0.109%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.981−0.172%$7.2M$53.0M10xas long as short
Hyperliquid HYPE+0.0100%1h94.124−0.020%$2.07B$687.0M10xas long as short
Aster HYPEUSDT+0.0100%4h94.021−0.130%$8.8M$37.2M300xas long as short
Pacifica HYPE+0.0100%1h94.012−0.139%$10.1M$15.1M20xas long as short
Binance HYPEUSDT+0.0100%4h94.012−0.139%$376.5M$932.9M75xas long as short
Bulk HYPE-USD+0.0100%1h94.240+0.103%$218K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h94.015−0.136%$88.2M$83.7M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.032−0.118%$46.7M$18.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.999−0.153%$7.5M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h94.108−0.038%$29.5M$54.6M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.230+0.092%$7.6M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.231+0.093%$370K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h94.194+0.054%$681K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h94.088−0.058%$32K$1.6M20xas long as short
HTX HYPE-USDT+0.0100%4h94.150+0.007%$1.4M$6.8M75xas long as short
Extended HYPE-USD+0.0104%1h93.972−0.182%$18.3M$43.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h94.043−0.106%$398K$154K20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0150% / S +0.0022%1h94.086−0.061%$1.4M—100xas long as short
Injective HYPE/USDC PERP+0.0185%1h94.740+0.634%$31K$340K12xas long as short
Kraken Futures PF_HYPEUSD+0.0224%1h94.065−0.083%$20.2M$30.2M50xas long as short
RISEx HYPE/USDC+0.0249%1h94.024−0.126%$3.2M$6.4M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0250%1h94.113−0.032%$7.4M$4.3M50xas long as short
Reya HYPERUSDPERP+0.0272%1h93.989−0.164%$84K$123K15xas long as short
BloFin HYPE-USDT+0.0340%4h94.108−0.037%$17.1M$12.3M75xas long as short