Funding you earn now, next payment 22:00 UTC+0.0157%/8h= +17.2% APRpaid last 24h +0.011%
Price spread now: Orderly against Hotstuff+0.083%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 +$5 a day on $10k at the current rate, and Orderly is 0.083% dearer against Hotstuff than usual: you sell high and buy low: +$8 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 | 93.231 | −0.0080 | get 0.0010% / 1h | 52m 54s | $3K | $331 | 25x |
| Short | Orderly PERP_HYPE_USDC | 93.308 | 0.0077 | get 0.0039% / 4h | 2h 52m | $180K | $536K | 20x |
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $33.04
- Price spread: +0.083% → 0.000%
- $8.26
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $30.3
- Costs to cover
- 0.110%
- Break-even
- 0.6 days
Slippage unknown: Hotstuff: no order-book sample; Orderly: 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 Orderly no order-book sample | — | — | — | — | — |
Hotstuff and Orderly: 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 | 93.181 | −0.053% | $197K | $235K | 7x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0186% | 1h | 93.210 | −0.023% | $699K | $948K | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0107% | 1h | 93.294 | +0.068% | $22K | $22K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0104% | 1h | 93.290 | +0.063% | $89K | $340K | 20x | as long as short |
| Hotstuff HYPE-PERPlong | −0.0080% | 1h | 93.231 | long leg | $3K | $331 | 25x | |
| dYdX HYPE-USD | 0.0000% | 1h | 93.247 | +0.017% | $127K | $33K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.297 | +0.071% | $1.9M | $5.4M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.292 | +0.065% | $23K | $343K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.343 | +0.120% | $20K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0004% | 4h | 93.305 | +0.079% | $8.9M | $36.3M | 300x | as long as short |
Hibachi HYPE/USDT-P
Ondo Perps HYPE-USD.P
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HYPE_USDT | +0.0004% | 4h | 93.293 | +0.067% | $44.1M | $56.2M | 75x | as long as short |
| Bullet HYPE-USD | +0.0023% | 1h | 93.290 | +0.063% | $112K | $583K | 20x | as long as short |
| Derive HYPE-PERP | +0.0029% | 1h | 93.249 | +0.019% | $16.4M | $7.1M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0041% | 8h | 93.280 | +0.053% | $325.3M | $288.3M | 75x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.336 | +0.113% | $215K | $1.2M | 10x | as long as short |
| Orderly PERP_HYPE_USDCshort | +0.0077% | 4h | 93.308 | +0.083% | $180K | $536K | 20x | |
| Lighter HYPE | +0.0096% | 1h | 93.352 | +0.129% | $18.5M | $59.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.319 | +0.094% | $3.1M | $12.3M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.275 | +0.047% | $56K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.300 | +0.074% | $40K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.275 | +0.047% | $6.0M | $44.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.351 | +0.129% | $2.03B | $668.4M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.273 | +0.045% | $10.0M | $14.5M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.304 | +0.079% | $385.8M | $890.6M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.315 | +0.090% | $114.7M | $316.3M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.246 | +0.016% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.386 | +0.166% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.286 | +0.059% | $92.1M | $81.5M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.350 | +0.128% | $46.3M | $19.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.326 | +0.102% | $226.7M | $102.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.290 | +0.063% | — | $54.4M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.355 | +0.133% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.285 | +0.057% | $28.8M | $49.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.383 | +0.163% | $7.5M | $46.8M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.338 | +0.115% | $405K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.266 | +0.038% | $674K | $2.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.331 | +0.107% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.325 | +0.101% | $493K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.295 | +0.069% | $76K | $169K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.327 | +0.103% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.283 | +0.056% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.292 | +0.065% | $12.7M | $2.6M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0100% | 8h | 93.292 | +0.066% | $339K | $171K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0101% | 4h | 93.326 | +0.102% | $5.1M | $29.4M | 30x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.312 | +0.087% | $18.4M | $41.0M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.294 | +0.068% | $397K | $318K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.370 | +0.149% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0244% | 1h | 93.320 | +0.095% | $77K | $157K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.130 | −0.108% | $30K | $231K | 12x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0338% / S −0.0165% | 1h | 93.342 | +0.119% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.281 | +0.054% | $17.1M | $12.5M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0393% | 1h | 93.399 | +0.180% | $7.4M | $4.6M | 50x | as long as short |
| HTX HYPE-USDT | +0.0412% | 4h | 93.451 | +0.236% | $1.5M | $7.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.372 | +0.151% | $2.7M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0574% | 1h | 93.430 | +0.213% | $19.2M | $25.8M | 50x | as long as short |
Gate HYPE_USDT
Bullet HYPE-USD
Derive HYPE-PERP
Bybit HYPEUSDT
Phoenix HYPE
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Arcus HYPE-USD
Bulk HYPE-USD
MEXC HYPE_USDT
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
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Paradex HYPE-USD-PERP
edgeX HYPEUSDC
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Injective HYPE/USDC PERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
HTX HYPE-USDT
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD