HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0432%/8h= −47.3% APRnext payment −$0.54 per $10,000 · paid last 24h −0.186%

Price spread now: Hibachi against Hotstuff−0.004%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 Hibachi

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 · Hibachi: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff HYPE-PERP	92.753	−0.0080	get 0.0010% / 1h	55m 57s	$3K	$331	25x
Short	Hibachi HYPE/USDT-P	92.750	−0.0512	pay 0.0064% / 1h	55m 57s	$193K	$229K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi 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 HibachibpOrdersPrice spread, now −0.004%Rate

Funding earned: −$90.72
Price spread: −0.004% → 0.000%: −$0.36
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$105.08
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Hibachi: live order book, 63 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 Hibachi live order book, 63 min ago	14.58 bp	32.1 bp −$32	52.0 bp −$520	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-Pshort	−0.0512%	1h	92.750	−0.004%	$193K	$229K	7x
Aftermath Perps HYPEUSD	−0.0266%	1h	92.818	+0.070%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	92.667	−0.093%	$1.1M	$3.9M	10x	as long as short
Hotstuff HYPE-PERPlong	−0.0080%	1h	92.753	long leg	$3K	$331	25x
Orderly PERP_HYPE_USDC	−0.0063%	4h	92.722	−0.033%	$157K	$653K	20x	as long as short
Gate HYPE_USDT	−0.0018%	4h	92.807	+0.058%	$44.5M	$53.4M	75x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.772	+0.021%	$127K	$29K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	92.832	+0.085%	$1.8M	$5.4M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	92.703	−0.053%	$22K	$302K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.746	−0.008%	$62K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange HYPEUSD	+0.0040%	1h	92.732	−0.023%	$87K	$362K	20x	as long as short
Bybit HYPEUSDT	+0.0041%	8h	92.805	+0.056%	$316.2M	$281.8M	75x	as long as short
Phoenix HYPE	+0.0043%	1h	92.888	+0.146%	$210K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0044%	8h	92.754	+0.001%	$12.5M	$2.7M	50x	as long as short
Popdex HYPEUSDT	+0.0056%	1h	92.702	−0.055%	$69K	$1.1M	50x	as long as short
Aster HYPEUSDT	+0.0068%	4h	92.815	+0.067%	$8.7M	$36.2M	300x	as long as short
Bitget HYPEUSDT	+0.0082%	4h	92.808	+0.059%	$224.7M	$98.8M	75x	as long as short
edgeX HYPEUSDC	+0.0093%	4h	92.869	+0.125%	$4.9M	$29.5M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0096%	8h	92.717	−0.038%	$338K	$163K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.773	+0.021%	$16.0M	$62.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.769	+0.017%	$3.1M	$11.6M	20x	as long as short
Bullet HYPE-USD	+0.0099%	1h	92.735	−0.019%	$111K	$579K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.680	−0.079%	$38K	$1.7M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0099%	8h	92.815	+0.067%	$113.9M	$303.8M	50x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.716	−0.039%	$7.5M	$45.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.883	+0.140%	$2.02B	$664.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.722	−0.034%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.828	+0.080%	$373.0M	$902.9M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	92.720	−0.036%	$697K	$1.1M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.800	+0.051%	$202K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.831	+0.084%	$88.1M	$79.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.848	+0.102%	$46.1M	$18.4M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	92.819	+0.071%	—	$53.8M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.855	+0.110%	$7.3M	$11.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.709	−0.048%	$28.4M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.886	+0.143%	$7.5M	$46.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.892	+0.150%	$350K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.845	+0.099%	$667K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.784	+0.034%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.748	−0.005%	$468K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.730	−0.025%	$79K	$168K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.733	−0.021%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.673	−0.086%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.754	+0.001%	$2.0M	$2.0M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.798	+0.048%	$18.1M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.757	+0.004%	$392K	$164K	20x	as long as short
HTX HYPE-USDT	+0.0118%	4h	92.871	+0.127%	$1.4M	$6.3M	75x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	92.810	+0.061%	$4.7M	$5.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0197%	1h	92.829	+0.082%	$20.6M	$30.4M	50x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	93.050	+0.320%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0264%	1h	92.709	−0.048%	$79K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0154%	1h	92.727	−0.028%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.727	−0.028%	$16.7M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0397%	1h	92.853	+0.108%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	92.757	+0.005%	$3.1M	$6.4M	20x	as long as short