Funding you earn now, next payment 00:00 UTC+0.0428%/8h= +46.9% APRnext payment +$0.54 per $10,000 · paid last 24h +0.067%
Price spread now: Deribit against Hotstuff+0.109%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 +$13 a day on $10k at the current rate, and Deribit is 0.109% dearer against Hotstuff than usual: you sell high and buy low: +$11 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 | 93.600 | −0.0080 | get 0.0010% / 1h | 30m 27s | $3K | $331 | 25x |
| Short | Deribit HYPE_USDC-PERPETUAL | 93.702 | 0.0348 | get 0.0044% / 1h | 30m 27s | $7.4M | $4.6M | 50x |
Hotstuff HYPE-PERP
Deribit HYPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $89.88
- Price spread: +0.109% → 0.000%
- $10.9
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $88.78
- Costs to cover
- 0.120%
- Break-even
- 0.1 days
Slippage unknown: Hotstuff: no order-book sample; Deribit: live order book, 4 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 Deribit live order book, 4 min ago | 1.97 bp | 7.3 bp −$7 | 12.9 bp −$129 | 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 | −0.0808% | 1h | 93.632 | +0.035% | $198K | $230K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0353% | 1h | 93.847 | +0.264% | $22K | $22K | 10x | as long as short |
| Arcus HYPE-USD | −0.0233% | 1h | 93.532 | −0.073% | $1.2M | $3.8M | 10x | as long as short |
| Hotstuff HYPE-PERPlong | −0.0080% | 1h | 93.600 | long leg | $3K | $331 | 25x | |
| Ondo Perps HYPE-USD.P | −0.0060% | 1h | 93.570 | −0.032% | $703K | $910K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0032% | 1h | 93.619 | +0.020% | $87K | $365K | 20x | as long as short |
| Derive HYPE-PERP | −0.0017% | 1h | 93.543 | −0.061% | $16.4M | $7.1M | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.583 | −0.019% | $127K | $30K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.642 | +0.045% | $23K | $329K | 10x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0002% | 4h | 93.628 | +0.030% | $166K | $583K | 20x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Derive HYPE-PERP
dYdX HYPE-USD
Perpl HYPE
Orderly PERP_HYPE_USDCShow 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 −0.0003% | 1h | 93.670 | +0.075% | $26K | — | 150x | as long as short |
| Phoenix HYPE | +0.0009% | 1h | 93.755 | +0.166% | $215K | $1.2M | 10x | as long as short |
| Aster HYPEUSDT | +0.0015% | 4h | 93.635 | +0.037% | $8.9M | $36.0M | 300x | as long as short |
| Bybit HYPEUSDT | +0.0019% | 8h | 93.626 | +0.028% | $321.7M | $283.4M | 75x | as long as short |
| Binance HYPEUSDT | +0.0057% | 4h | 93.637 | +0.040% | $383.1M | $895.2M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0058% | 4h | 93.657 | +0.061% | $87.3M | $81.7M | 100x | as long as short |
| Phemex HYPEUSDT | +0.0072% | 8h | 93.638 | +0.041% | $12.8M | $2.6M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0080% | 4h | 93.817 | +0.231% | $5.1M | $29.9M | 30x | as long as short |
| Gate HYPE_USDT | +0.0082% | 4h | 93.623 | +0.025% | $44.5M | $59.1M | 75x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.628 | +0.030% | $18.8M | $60.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.583 | −0.018% | $3.0M | $12.3M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.641 | +0.044% | $63K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.608 | +0.008% | $398K | $318K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.621 | +0.023% | $340K | $171K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 93.600 | 0.000% | $43K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.569 | −0.033% | $5.7M | $44.4M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.618 | +0.019% | $10.1M | $14.5M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.629 | +0.031% | $115.3M | $320.0M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.625 | +0.027% | $204K | $7K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.639 | +0.042% | $46.5M | $18.5M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.646 | +0.049% | $226.8M | $102.7M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.645 | +0.048% | — | $54.1M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.607 | +0.007% | $7.8M | $10.5M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.564 | −0.038% | $31.2M | $53.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.786 | +0.199% | $7.6M | $45.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.819 | +0.234% | $341K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.752 | +0.162% | $678K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.665 | +0.070% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.664 | +0.068% | $490K | $2.5M | 20x | as long as short |
| Bullet HYPE-USD | +0.0100% | 1h | 93.617 | +0.019% | $111K | $578K | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.596 | −0.004% | $76K | $170K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.655 | +0.059% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.610 | +0.011% | $2.0M | $2.0M | 10x | as long as short |
| Injective HYPE/USDC PERP | +0.0104% | 1h | 94.410 | +0.865% | $31K | $338K | 12x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.611 | +0.012% | $18.3M | $42.8M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0131% | 8h | 93.733 | +0.142% | $1.9M | $5.0M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0152% | 1h | 93.650 | +0.053% | $4.9M | $5.7M | 50x | as long as short |
| HTX HYPE-USDT | +0.0217% | 4h | 93.768 | +0.179% | $1.5M | $7.8M | 75x | as long as short |
| BloFin HYPE-USDT | +0.0237% | 4h | 93.601 | +0.001% | $17.0M | $12.6M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0249% | 1h | 93.643 | +0.046% | $77K | $142K | 15x | as long as short |
| RISEx HYPE/USDC | +0.0284% | 1h | 93.676 | +0.081% | $2.8M | $6.9M | 20x | as long as short |
| Hyperliquid HYPE | +0.0287% | 1h | 93.689 | +0.095% | $2.03B | $676.0M | 10x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0337% / S −0.0163% | 1h | 93.664 | +0.068% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUALshort | +0.0348% | 1h | 93.702 | +0.109% | $7.4M | $4.6M | 50x | |
| Kraken Futures PF_HYPEUSD | +0.0579% | 1h | 93.700 | +0.107% | $20.9M | $29.4M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Phoenix HYPE
Aster HYPEUSDT
Bybit HYPEUSDT
Binance HYPEUSDT
MEXC HYPE_USDT
Phemex HYPEUSDT
edgeX HYPEUSDC
Gate HYPE_USDT
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Pacifica HYPE
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bullet HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Injective HYPE/USDC PERP
Extended HYPE-USD
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
BloFin HYPE-USDT
Reya HYPERUSDPERP
RISEx HYPE/USDC
Hyperliquid HYPE
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD