HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0365%/8h= +39.9% APRnext payment +$0.46 per $10,000 · paid last 24h +0.110%

Price spread now: Injective against Hotstuff−0.079%105s7-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 Injective

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 · farm boardneeds both histories

Funding pays, the price is against you. Injective is 0.079% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.079% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 17 hours of funding at the current rate (+$11 a day). The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff HYPE-PERP	93.294	−0.0080	get 0.0010% / 1h	55m 27s	$3K	$331	25x
Short	Injective HYPE/USDC PERP	93.220	0.0285	get 0.0036% / 1h	55m 27s	$30K	$231K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.079%Rate

Funding earned: $76.58
Price spread: −0.079% → 0.000%: −$7.93
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $63.63
Costs to cover: 0.050%
Break-even: 1.2 days

Slippage unknown: Hotstuff: no order-book sample; Injective: live order book, 33 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 Injective live order book, 33 min ago	36.79 bp	doesn't fit	doesn't fit	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	−0.1328%	1h	93.228	−0.071%	$197K	$235K	7x	as long as short
Ondo Perps HYPE-USD.P	−0.0154%	1h	93.260	−0.036%	$699K	$951K	10x	as long as short
01 Exchange HYPEUSD	−0.0104%	1h	93.365	+0.076%	$89K	$340K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0102%	1h	93.323	+0.031%	$22K	$22K	10x	as long as short
Hotstuff HYPE-PERPlong	−0.0080%	1h	93.294	long leg	$3K	$331	25x
Gate HYPE_USDT	−0.0002%	4h	93.361	+0.072%	$44.1M	$56.1M	75x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.341	+0.050%	$127K	$33K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	93.387	+0.100%	$1.9M	$5.4M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	93.348	+0.057%	$24K	$343K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.400	+0.114%	$20K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0002%	4h	93.343	+0.053%	$8.9M	$36.3M	300x	as long as short
Bybit HYPEUSDT	+0.0041%	8h	93.370	+0.081%	$325.5M	$288.4M	75x	as long as short
Popdex HYPEUSDT	+0.0056%	1h	93.354	+0.064%	$56K	$1.2M	50x	as long as short
Derive HYPE-PERP	+0.0058%	1h	93.253	−0.044%	$16.4M	$7.1M	10x	as long as short
Bullet HYPE-USD	+0.0068%	1h	93.366	+0.077%	$112K	$583K	20x	as long as short
Orderly PERP_HYPE_USDC	+0.0078%	4h	93.393	+0.106%	$180K	$536K	20x	as long as short
Phoenix HYPE	+0.0094%	1h	93.336	+0.045%	$215K	$1.2M	10x	as long as short
Lighter HYPE	+0.0096%	1h	93.352	+0.062%	$18.5M	$58.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.309	+0.016%	$3.1M	$12.3M	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.370	+0.081%	$38K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.279	−0.016%	$6.0M	$44.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.423	+0.138%	$2.03B	$674.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.324	+0.032%	$10.0M	$14.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.366	+0.077%	$386.4M	$890.3M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.377	+0.089%	$114.7M	$316.3M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.304	+0.011%	$1.2M	$4.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.386	+0.099%	$204K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.369	+0.080%	$92.1M	$81.4M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.352	+0.062%	$46.3M	$19.6M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.378	+0.090%	$226.9M	$102.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.364	+0.075%	—	$54.6M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.321	+0.029%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.285	−0.010%	$28.8M	$49.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.319	+0.026%	$7.5M	$46.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.338	+0.047%	$405K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.361	+0.072%	$675K	$2.4M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.391	+0.104%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.394	+0.107%	$494K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.404	+0.118%	$76K	$169K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.263	−0.033%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.314	+0.021%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.348	+0.058%	$12.7M	$2.6M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0100%	8h	93.305	+0.011%	$339K	$171K	20x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.314	+0.021%	$18.4M	$41.0M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.401	+0.114%	$397K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0120%	4h	93.294	0.000%	$5.1M	$29.4M	30x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.380	+0.092%	$4.9M	$5.7M	50x	as long as short
Reya HYPERUSDPERP	+0.0244%	1h	93.376	+0.088%	$77K	$157K	15x	as long as short
Injective HYPE/USDC PERPshort	+0.0285%	1h	93.220	−0.079%	$30K	$231K	12x
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0165%	1h	93.400	+0.114%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.309	+0.016%	$17.2M	$12.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0371%	1h	93.406	+0.120%	$7.4M	$4.6M	50x	as long as short
HTX HYPE-USDT	+0.0425%	4h	93.442	+0.159%	$1.5M	$7.6M	75x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.389	+0.102%	$2.7M	$6.8M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0574%	1h	93.449	+0.166%	$18.7M	$24.8M	50x	as long as short