HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0184%/8h= +20.1% APRnext payment +$0.23 per $10,000 · paid last 24h +0.055%

Price spread now: Extended against Hotstuff−0.313%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 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 · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.313% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.313% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$31 on $10k: about 5.7 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff HYPE-PERP	93.782	−0.0080	get 0.0010% / 1h	18m 52s	$3K	$331	25x
Short	Extended HYPE-USD	93.488	0.0104	get 0.0013% / 1h	18m 52s	$18.7M	$44.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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

Position, each leg$Hold fordaysFee HotstuffbpFee ExtendedbpOrdersPrice spread, now −0.313%Rate

Funding earned: $38.64
Price spread: −0.313% → 0.000%: −$31.33
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$2.69
Costs to cover: 0.100%
Break-even: 7.5 days

Slippage unknown: Hotstuff: no order-book sample; Extended: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hotstuff no order-book sample	—	—	—	—	—
Sell Extended live order book, 5 min ago	0.05 bp	2.6 bp −$3	4.0 bp −$40	25.4 bp −$2,544	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	−0.1312%	1h	93.756	−0.028%	$198K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	93.675	−0.114%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0194%	1h	94.033	+0.268%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0153%	1h	93.910	+0.136%	$710K	$959K	10x	as long as short
dYdX HYPE-USD	−0.0111%	1h	93.863	+0.086%	$129K	$31K	5x	as long as short
Bullet HYPE-USD	−0.0100%	1h	93.644	−0.147%	$112K	$581K	20x	as long as short
01 Exchange HYPEUSD	−0.0088%	1h	93.769	−0.014%	$86K	$360K	20x	as long as short
Gate HYPE_USDT	−0.0082%	4h	93.499	−0.302%	$44.3M	$60.0M	75x	as long as short
Hotstuff HYPE-PERPlong	−0.0080%	1h	93.782	long leg	$3K	$331	25x
Bybit HYPEUSDT	−0.0029%	8h	93.500	−0.301%	$321.1M	$280.4M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_HYPE_USDC	−0.0025%	4h	93.609	−0.184%	$159K	$645K	20x	as long as short
Phemex HYPEUSDT	−0.0017%	8h	93.548	−0.250%	$12.7M	$2.6M	50x	as long as short
Perpl HYPE	0.0000%	43m	93.769	−0.014%	$23K	$326K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.683	−0.105%	$27K	—	150x	as long as short
Aster HYPEUSDT	+0.0007%	4h	93.519	−0.280%	$8.9M	$36.1M	300x	as long as short
Derive HYPE-PERP	+0.0011%	1h	93.575	−0.221%	$16.4M	$7.3M	10x	as long as short
Phoenix HYPE	+0.0034%	1h	94.149	+0.391%	$219K	$1.2M	10x	as long as short
Binance HYPEUSDT	+0.0045%	4h	93.496	−0.305%	$381.4M	$894.3M	75x	as long as short
MEXC HYPE_USDT	+0.0048%	4h	93.500	−0.301%	$87.6M	$83.1M	100x	as long as short
edgeX HYPEUSDC	+0.0057%	4h	93.961	+0.191%	$5.1M	$30.0M	30x	as long as short
OKX HYPE-USDT-SWAP	+0.0074%	8h	93.510	−0.290%	$115.5M	$316.2M	50x	as long as short
Bluefin HYPE-PERP	+0.0085%	1h	93.617	−0.176%	$76K	$170K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.611	−0.183%	$19.1M	$60.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.607	−0.187%	$3.0M	$12.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.793	+0.012%	$64K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.584	−0.211%	$398K	$180K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.794	+0.013%	$341K	$165K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.800	+0.019%	$20K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.757	−0.027%	$6.6M	$44.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.590	−0.205%	$2.04B	$675.1M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.786	+0.004%	$10.2M	$14.6M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.562	−0.235%	$46.5M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.518	−0.282%	$226.7M	$101.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.506	−0.294%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.522	−0.277%	$7.7M	$10.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.939	+0.168%	$31.4M	$54.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.991	+0.223%	$7.6M	$46.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.940	+0.168%	$340K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.838	+0.060%	$679K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.847	+0.069%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.793	+0.012%	$480K	$2.5M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.687	−0.101%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.561	−0.236%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.151	+0.393%	$205K	$2K	10x	as long as short
Extended HYPE-USDshort	+0.0104%	1h	93.488	−0.313%	$18.7M	$44.5M	50x
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.660	−0.130%	$4.9M	$5.5M	50x	as long as short
BloFin HYPE-USDT	+0.0179%	4h	93.552	−0.245%	$17.0M	$12.1M	75x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.490	+0.755%	$31K	$338K	12x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	93.822	+0.043%	$2.7M	$6.8M	20x	as long as short
Kalshi KXHYPEPERP	+0.0227%	8h	93.641	−0.150%	$1.9M	$5.1M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0252%	1h	93.754	−0.030%	$79K	$142K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0155%	1h	93.676	−0.113%	$1.4M	—	100x	as long as short
HTX HYPE-USDT	+0.0374%	4h	93.750	−0.034%	$1.5M	$6.1M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0401%	1h	93.711	−0.076%	$7.4M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0674%	1h	93.648	−0.142%	$20.9M	$29.8M	50x	as long as short