Funding you earn now, next payment 23:00 UTC+0.0089%/8h= +9.7% APRnext payment +$0.11 per $10,000 · paid last 24h +0.071%
Price spread now: Phoenix against Hotstuff+0.416%53s7-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 +$3 a day on $10k at the current rate, and Phoenix is 0.416% dearer against Hotstuff than usual: you sell high and buy low: +$42 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 53 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 | 93.743 | −0.0080 | get 0.0010% / 1h | 32m 01s | $3K | $331 | 25x |
| Short | Phoenix HYPE | 94.133 | 0.0009 | get 0.0001% / 1h | 32m 01s | $215K | $1.2M | 10x |
Hotstuff HYPE-PERP
Phoenix HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $18.59
- Price spread: +0.416% → 0.000%
- $41.6
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $48.19
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Hotstuff: no order-book sample; Phoenix: live order book, 1 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 Phoenix live order book, 1 min ago | 1.28 bp | 5.9 bp −$6 | 9.3 bp −$93 | 131.1 bp −$13.1K | 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 | −0.0776% | 1h | 93.755 | +0.012% | $198K | $230K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0363% | 1h | 93.966 | +0.238% | $22K | $22K | 10x | as long as short |
| Arcus HYPE-USD | −0.0233% | 1h | 93.606 | −0.146% | $1.2M | $3.8M | 10x | as long as short |
| Hotstuff HYPE-PERPlong | −0.0080% | 1h | 93.743 | long leg | $3K | $331 | 25x | |
| Ondo Perps HYPE-USD.P | −0.0042% | 1h | 93.640 | −0.110% | $704K | $910K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0024% | 1h | 93.671 | −0.077% | $87K | $366K | 20x | as long as short |
| Derive HYPE-PERP | −0.0020% | 1h | 93.663 | −0.086% | $16.4M | $7.1M | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.677 | −0.070% | $127K | $30K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.702 | −0.044% | $23K | $328K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.770 | +0.029% | $26K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Derive HYPE-PERP
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_HYPE_USDC | +0.0003% | 4h | 93.733 | −0.011% | $163K | $578K | 20x | as long as short |
| Phoenix HYPEshort | +0.0009% | 1h | 94.133 | +0.416% | $215K | $1.2M | 10x | |
| Bybit HYPEUSDT | +0.0019% | 8h | 93.702 | −0.044% | $322.2M | $282.9M | 75x | as long as short |
| Aster HYPEUSDT | +0.0025% | 4h | 93.717 | −0.028% | $8.9M | $36.0M | 300x | as long as short |
| Binance HYPEUSDT | +0.0059% | 4h | 93.727 | −0.017% | $383.4M | $894.2M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0062% | 4h | 93.727 | −0.017% | $87.3M | $81.6M | 100x | as long as short |
| Phemex HYPEUSDT | +0.0067% | 8h | 93.736 | −0.007% | $12.8M | $2.6M | 50x | as long as short |
| Gate HYPE_USDT | +0.0080% | 4h | 93.721 | −0.023% | $44.5M | $59.1M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0081% | 4h | 94.027 | +0.302% | $5.1M | $29.8M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.772 | +0.030% | $18.9M | $59.9M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.753 | +0.011% | $3.0M | $12.3M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.694 | −0.052% | $63K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.697 | −0.049% | $399K | $318K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.674 | −0.073% | $340K | $171K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.690 | −0.057% | $43K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.694 | −0.053% | $5.7M | $44.3M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.723 | −0.021% | $10.1M | $14.5M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.622 | −0.129% | $115.4M | $319.6M | 50x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.744 | +0.001% | $46.5M | $18.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.653 | −0.096% | $226.7M | $102.8M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.721 | −0.023% | — | $54.1M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.752 | +0.010% | $7.8M | $10.5M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.974 | +0.247% | $31.3M | $54.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.053 | +0.331% | $7.6M | $45.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.935 | +0.205% | $341K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.862 | +0.127% | $679K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.749 | +0.007% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.712 | −0.033% | $491K | $2.5M | 20x | as long as short |
| Bullet HYPE-USD | +0.0100% | 1h | 93.709 | −0.037% | $112K | $578K | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.737 | −0.006% | $76K | $170K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.763 | +0.021% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.718 | −0.027% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.120 | +0.402% | $205K | $7K | 10x | as long as short |
| Injective HYPE/USDC PERP | +0.0104% | 1h | 94.410 | +0.712% | $31K | $338K | 12x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.614 | −0.137% | $18.5M | $42.7M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0133% | 8h | 93.734 | −0.010% | $1.9M | $5.0M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0152% | 1h | 93.750 | +0.007% | $4.9M | $5.7M | 50x | as long as short |
| HTX HYPE-USDT | +0.0219% | 4h | 93.850 | +0.114% | $1.5M | $7.8M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0249% | 1h | 93.689 | −0.058% | $77K | $142K | 15x | as long as short |
| BloFin HYPE-USDT | +0.0255% | 4h | 93.716 | −0.029% | $17.0M | $12.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0284% | 1h | 93.747 | +0.004% | $2.8M | $6.9M | 20x | as long as short |
| Hyperliquid HYPE | +0.0326% | 1h | 93.777 | +0.036% | $2.04B | $673.8M | 10x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0337% / S −0.0163% | 1h | 93.755 | +0.013% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0347% | 1h | 93.821 | +0.083% | $7.4M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0578% | 1h | 93.811 | +0.072% | $20.9M | $29.3M | 50x | as long as short |
Orderly PERP_HYPE_USDC
Bybit HYPEUSDT
Aster HYPEUSDT
Binance HYPEUSDT
MEXC HYPE_USDT
Phemex HYPEUSDT
Gate HYPE_USDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Pacifica HYPE
OKX HYPE-USDT-SWAP
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
Bullet HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Injective HYPE/USDC PERP
Extended HYPE-USD
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
BloFin HYPE-USDT
RISEx HYPE/USDC
Hyperliquid HYPE
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD