Funding you earn now, next payment 01:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.054%
Price spread now: Bulk against Hotstuff+0.372%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bulk is 0.372% dearer against Hotstuff than usual: you sell high and buy low: +$37 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff HYPE-PERP | 93.802 | −0.0080 | get 0.0010% / 1h | 19m 52s | $3K | $331 | 25x |
| Short | Bulk HYPE-USD | 94.151 | 0.0100 | get 0.0013% / 1h | 19m 52s | $205K | $2K | 10x |
Hotstuff HYPE-PERP
Bulk HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Hotstuff. 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: +0.372% → 0.000%
- $37.19
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- $62.99
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Hotstuff: no order-book sample; Bulk: live order book, 54 min ago. 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Bulk live order book, 54 min ago | 0.53 bp | 6.0 bp −$6 | 7.6 bp −$76 | 13.2 bp −$1,324 | 37.8 bp −$18.9K |
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 | −0.1336% | 1h | 93.984 | +0.194% | $199K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.698 | −0.111% | $1.2M | $3.8M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0196% | 1h | 94.079 | +0.295% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0155% | 1h | 93.910 | +0.115% | $710K | $959K | 10x | as long as short |
| dYdX HYPE-USD | −0.0114% | 1h | 93.863 | +0.065% | $129K | $31K | 5x | as long as short |
| Bullet HYPE-USD | −0.0099% | 1h | 93.819 | +0.018% | $112K | $581K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0088% | 1h | 93.806 | +0.004% | $86K | $360K | 20x | as long as short |
| Hotstuff HYPE-PERPlong | −0.0080% | 1h | 93.802 | long leg | $3K | $331 | 25x | |
| Gate HYPE_USDT | −0.0068% | 4h | 93.813 | +0.012% | $44.4M | $60.0M | 75x | as long as short |
| Bybit HYPEUSDT | −0.0025% | 8h | 93.820 | +0.019% | $322.4M | $280.1M | 75x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
dYdX HYPE-USD
Bullet HYPE-USD
01 Exchange HYPEUSD
Gate HYPE_USDT
Bybit HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_HYPE_USDC | −0.0024% | 4h | 93.797 | −0.005% | $159K | $645K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0008% | 8h | 93.884 | +0.087% | $12.8M | $2.6M | 50x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.820 | +0.020% | $23K | $327K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.855 | +0.057% | $27K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0013% | 4h | 93.812 | +0.011% | $8.9M | $36.1M | 300x | as long as short |
| Derive HYPE-PERP | +0.0017% | 1h | 93.782 | −0.021% | $16.4M | $7.3M | 10x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 94.149 | +0.370% | $219K | $1.2M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0048% | 4h | 93.826 | +0.026% | $88.5M | $82.9M | 100x | as long as short |
| Binance HYPEUSDT | +0.0048% | 4h | 93.810 | +0.008% | $382.7M | $893.7M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0070% | 4h | 94.065 | +0.280% | $5.1M | $30.0M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0075% | 8h | 93.806 | +0.004% | $115.8M | $317.0M | 50x | as long as short |
| Bluefin HYPE-PERP | +0.0089% | 1h | 93.812 | +0.011% | $76K | $171K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.868 | +0.070% | $19.1M | $60.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.861 | +0.063% | $3.0M | $12.1M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.818 | +0.017% | $64K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.798 | −0.004% | $399K | $180K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.789 | −0.014% | $341K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.850 | +0.051% | $20K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.766 | −0.038% | $6.6M | $44.8M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.924 | +0.130% | $2.05B | $673.5M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.810 | +0.008% | $10.2M | $14.6M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.851 | +0.052% | $46.7M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.831 | +0.031% | $227.5M | $100.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.804 | +0.002% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.832 | +0.032% | $7.7M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.939 | +0.147% | $31.4M | $54.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.199 | +0.423% | $7.6M | $46.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.047 | +0.261% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.952 | +0.160% | $679K | $2.6M | 20x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.832 | +0.032% | $480K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.880 | +0.083% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.839 | +0.039% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USDshort | +0.0100% | 1h | 94.151 | +0.372% | $205K | $2K | 10x | |
| Vest HYPE-PERP | +0.0100% | 1h | 93.864 | +0.066% | — | $243K | 5x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.795 | −0.007% | $18.8M | $44.5M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.870 | +0.072% | $4.9M | $5.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0192% | 4h | 93.962 | +0.171% | $17.0M | $12.2M | 75x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 94.490 | +0.733% | $31K | $338K | 12x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 93.859 | +0.061% | $2.7M | $6.8M | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0227% | 8h | 93.905 | +0.110% | $1.9M | $5.1M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0252% | 1h | 93.803 | +0.001% | $79K | $142K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0155% | 1h | 93.855 | +0.056% | $1.4M | — | 100x | as long as short |
| HTX HYPE-USDT | +0.0385% | 4h | 93.958 | +0.166% | $1.5M | $6.1M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0453% | 1h | 93.937 | +0.144% | $7.5M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0672% | 1h | 93.935 | +0.142% | $21.0M | $29.7M | 50x | as long as short |
Orderly PERP_HYPE_USDC
Phemex HYPEUSDT
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Derive HYPE-PERP
Phoenix HYPE
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Bluefin HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
Vest HYPE-PERP
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
BloFin HYPE-USDT
Injective HYPE/USDC PERP
RISEx HYPE/USDC
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
HTX HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD