Funding you earn now, next payment 03:00 UTC+0.0105%/8h= +11.5% APRnext payment +$0.13 per $10,000 · paid last 24h +0.044%
Price spread now: Bullet against Hotstuff+0.041%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 +$3 a day on $10k at the current rate, and Bullet is 0.041% dearer against Hotstuff than usual: you sell high and buy low: +$4 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 | 93.366 | −0.0080 | get 0.0010% / 1h | 16m 18s | $3K | $331 | 25x |
| Short | Bullet HYPE-USD | 93.404 | 0.0025 | get 0.0003% / 1h | 16m 18s | $112K | $578K | 20x |
Hotstuff HYPE-PERP
Bullet HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet 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
- $22.08
- Price spread: +0.041% → 0.000%
- $4.07
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- $13.15
- Costs to cover
- 0.130%
- Break-even
- 2.8 days
Slippage unknown: Hotstuff: no order-book sample; Bullet: live order book, 48 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 Bullet live order book, 48 min ago | 0.48 bp | 7.4 bp −$7 | 10.8 bp −$108 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1064% | 1h | 93.274 | −0.099% | $197K | $227K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.276 | −0.096% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0131% | 1h | 93.270 | −0.103% | $699K | $1.0M | 10x | as long as short |
| Hotstuff HYPE-PERPlong | −0.0080% | 1h | 93.366 | long leg | $3K | $331 | 25x | |
| Aftermath Perps HYPEUSD | −0.0063% | 1h | 93.378 | +0.013% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.401 | +0.037% | $85K | $343K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0047% | 4h | 93.378 | +0.013% | $154K | $652K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0028% | 8h | 93.397 | +0.033% | $12.6M | $2.7M | 50x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.420 | +0.058% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.394 | +0.030% | $23K | $319K | 10x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
Phemex HYPEUSDT
dYdX HYPE-USD
Perpl HYPEShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.413 | +0.050% | $63K | — | 150x | as long as short |
| Bullet HYPE-USDshort | +0.0025% | 1h | 93.404 | +0.041% | $112K | $578K | 20x | |
| Phoenix HYPE | +0.0026% | 1h | 93.367 | +0.001% | $213K | $1.2M | 10x | as long as short |
| Aster HYPEUSDT | +0.0028% | 4h | 93.385 | +0.020% | $8.8M | $35.8M | 300x | as long as short |
| BingX HYPE-USDT | +0.0034% | 4h | 93.396 | +0.032% | — | $52.9M | — | as long as short |
| Bybit HYPEUSDT | +0.0043% | 8h | 93.249 | −0.125% | $321.1M | $277.7M | 75x | as long as short |
| Gate HYPE_USDT | +0.0044% | 4h | 93.397 | +0.033% | $44.6M | $55.3M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0076% | 8h | 93.258 | −0.116% | $114.0M | $300.6M | 50x | as long as short |
| Derive HYPE-PERP | +0.0082% | 1h | 93.373 | +0.007% | $16.2M | $7.5M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.419 | +0.057% | $16.3M | $62.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.418 | +0.056% | $3.1M | $11.6M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.369 | +0.003% | $71K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.421 | +0.059% | $339K | $162K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.340 | −0.028% | $12K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.401 | +0.038% | $5.8M | $43.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.450 | +0.090% | $2.04B | $654.0M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.398 | +0.034% | $10.0M | $14.8M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.329 | −0.040% | $378.7M | $877.4M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.279 | −0.093% | $89.7M | $81.0M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.316 | −0.054% | $45.9M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.391 | +0.027% | $225.8M | $96.4M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.388 | +0.024% | $7.4M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.358 | −0.009% | $31.1M | $53.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.354 | −0.013% | $7.5M | $45.8M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.412 | +0.049% | $339K | $997K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.347 | −0.020% | $666K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.408 | +0.045% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.426 | +0.064% | $482K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.389 | +0.025% | $79K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.445 | +0.085% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.409 | +0.046% | $2.0M | $1.9M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.217 | −0.159% | $203K | $10K | 10x | as long as short |
| edgeX HYPEUSDC | +0.0102% | 4h | 93.298 | −0.072% | $5.0M | $29.1M | 30x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.384 | +0.019% | $18.4M | $43.7M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.406 | +0.043% | $397K | $162K | 20x | as long as short |
| HTX HYPE-USDT | +0.0152% | 4h | 93.518 | +0.163% | $1.4M | $6.0M | 75x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.420 | +0.058% | $4.8M | $5.6M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0259% | 1h | 93.378 | +0.013% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0272% | 8h | 93.358 | −0.009% | $1.9M | $5.2M | 2.3x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0285% | 1h | 93.483 | +0.125% | $7.5M | $4.4M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.410 | +0.047% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.320 | −0.049% | $17.0M | $11.5M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.466 | +0.108% | $3.2M | $6.3M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.730 | +0.390% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0685% | 1h | 93.472 | +0.114% | $20.8M | $29.8M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Phoenix HYPE
Aster HYPEUSDT
BingX HYPE-USDT
Bybit HYPEUSDT
Gate HYPE_USDT
OKX HYPE-USDT-SWAP
Derive HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
edgeX HYPEUSDC
Extended HYPE-USD
Aevo HYPE-PERP
HTX HYPE-USDT
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD