HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0021%/8h= +2.3% APRnext payment +$0.03 per $10,000 · paid last 24h +0.030%

Price spread now: Ondo Perps against Hotstuff−0.093%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 Ondo Perps

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 · Ondo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 0.093% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.093% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 15 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff HYPE-PERP	93.647	−0.0080	get 0.0010% / 1h	28m 46s	$3K	$331	25x
Short	Ondo Perps HYPE-USD.P	93.560	−0.0059	pay 0.0007% / 1h	28m 46s	$703K	$910K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.093%Rate

Funding earned: $4.37
Price spread: −0.093% → 0.000%: −$9.29
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$14.92
Costs to cover: 0.100%
Break-even: 30.9 days

Slippage unknown: Hotstuff: no order-book sample; Ondo Perps: no order-book sample. 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 Ondo Perps no order-book sample	—	—	—	—	—

Hotstuff and Ondo Perps: 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	−0.0840%	1h	93.550	−0.103%	$198K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0353%	1h	93.784	+0.146%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	93.554	−0.099%	$1.2M	$3.8M	10x	as long as short
Hotstuff HYPE-PERPlong	−0.0080%	1h	93.647	long leg	$3K	$331	25x
Ondo Perps HYPE-USD.Pshort	−0.0059%	1h	93.560	−0.093%	$703K	$910K	10x
01 Exchange HYPEUSD	−0.0040%	1h	93.637	−0.011%	$86K	$366K	20x	as long as short
Derive HYPE-PERP	−0.0017%	1h	93.592	−0.058%	$16.4M	$7.1M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.663	+0.017%	$127K	$30K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.644	−0.003%	$23K	$329K	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0002%	4h	93.665	+0.019%	$166K	$583K	20x	as long as short

Show 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	93.690	+0.046%	$26K	—	150x	as long as short
Phoenix HYPE	+0.0009%	1h	93.687	+0.043%	$214K	$1.2M	10x	as long as short
Aster HYPEUSDT	+0.0015%	4h	93.633	−0.015%	$8.9M	$36.0M	300x	as long as short
Bybit HYPEUSDT	+0.0018%	8h	93.620	−0.029%	$321.7M	$283.3M	75x	as long as short
MEXC HYPE_USDT	+0.0056%	4h	93.634	−0.014%	$87.8M	$81.8M	100x	as long as short
Binance HYPEUSDT	+0.0057%	4h	93.656	+0.010%	$383.2M	$895.4M	75x	as long as short
Phemex HYPEUSDT	+0.0070%	8h	93.676	+0.031%	$12.8M	$2.6M	50x	as long as short
edgeX HYPEUSDC	+0.0080%	4h	93.817	+0.181%	$5.1M	$29.9M	30x	as long as short
Gate HYPE_USDT	+0.0084%	4h	93.620	−0.029%	$44.5M	$59.1M	75x	as long as short
Lighter HYPE	+0.0096%	1h	93.688	+0.044%	$18.9M	$60.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.662	+0.016%	$3.0M	$12.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.655	+0.009%	$63K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.669	+0.023%	$398K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.661	+0.014%	$340K	$171K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	93.610	−0.040%	$43K	$1.6M	10x	as long as short
Bullet HYPE-USD	+0.0100%	1h	93.633	−0.015%	$112K	$578K	20x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.645	−0.002%	$5.7M	$44.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.674	+0.029%	$10.1M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.622	−0.027%	$115.3M	$320.1M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.625	−0.024%	$204K	$7K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.636	−0.012%	$46.4M	$18.6M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.634	−0.014%	$226.8M	$102.8M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.619	−0.030%	—	$54.2M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.648	+0.001%	$7.8M	$10.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.564	−0.088%	$31.2M	$53.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.632	−0.016%	$7.6M	$45.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.819	+0.184%	$341K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.617	−0.032%	$677K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.676	+0.031%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.666	+0.020%	$490K	$2.4M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.659	+0.013%	$76K	$171K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.708	+0.065%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.666	+0.020%	$2.0M	$2.0M	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	94.410	+0.815%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.609	−0.040%	$18.3M	$42.8M	50x	as long as short
Kalshi KXHYPEPERP	+0.0130%	8h	93.726	+0.084%	$1.9M	$5.0M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	93.690	+0.046%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0217%	4h	93.820	+0.185%	$1.5M	$7.8M	75x	as long as short
BloFin HYPE-USDT	+0.0226%	4h	93.652	+0.005%	$17.0M	$12.6M	75x	as long as short
Reya HYPERUSDPERP	+0.0249%	1h	93.650	+0.003%	$77K	$142K	15x	as long as short
Hyperliquid HYPE	+0.0257%	1h	93.669	+0.023%	$2.03B	$676.2M	10x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	93.693	+0.049%	$2.8M	$6.9M	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0337% / S −0.0163%	1h	93.677	+0.032%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0497%	1h	93.767	+0.128%	$7.4M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0579%	1h	93.759	+0.120%	$20.9M	$29.4M	50x	as long as short