Funding you earn now, next payment 22:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.052%
Price spread now: Polymarket Perps against Hotstuff+0.049%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 Polymarket Perps is 0.049% dearer against Hotstuff than usual: you sell high and buy low: +$5 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 | 93.208 | −0.0080 | get 0.0010% / 1h | 53m 58s | $3K | $331 | 25x |
| Short | Polymarket Perps HYPE-USD | 93.254 | 0.0100 | get 0.0013% / 1h | 53m 58s | $493K | $2.6M | 20x |
Hotstuff HYPE-PERP
Polymarket Perps HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $37.8
- Price spread: +0.049% → 0.000%
- $4.94
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $29.74
- Costs to cover
- 0.130%
- Break-even
- 1.5 days
Slippage unknown: Hotstuff: no order-book sample; Polymarket Perps: live order book, 5 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 Polymarket Perps live order book, 5 min ago | 0.21 bp | 4.3 bp −$4 | 4.5 bp −$45 | 10.4 bp −$1,035 | 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 | +0.021% | $197K | $235K | 7x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0196% | 1h | 93.160 | −0.051% | $699K | $948K | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0107% | 1h | 93.328 | +0.129% | $22K | $22K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0104% | 1h | 93.219 | +0.012% | $89K | $340K | 20x | as long as short |
| Hotstuff HYPE-PERPlong | −0.0080% | 1h | 93.208 | long leg | $3K | $331 | 25x | |
| Gate HYPE_USDT | −0.0002% | 4h | 93.244 | +0.039% | $44.1M | $56.1M | 75x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.247 | +0.042% | $127K | $33K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.304 | +0.103% | $1.9M | $5.4M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.210 | +0.002% | $23K | $343K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.272 | +0.068% | $20K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Ondo Perps HYPE-USD.P
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Gate HYPE_USDT
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0004% | 4h | 93.238 | +0.032% | $8.9M | $36.3M | 300x | as long as short |
| Derive HYPE-PERP | +0.0037% | 1h | 93.192 | −0.017% | $16.4M | $7.1M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0040% | 8h | 93.228 | +0.021% | $325.0M | $288.4M | 75x | as long as short |
| Bullet HYPE-USD | +0.0045% | 1h | 93.214 | +0.006% | $112K | $583K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0078% | 4h | 93.262 | +0.058% | $180K | $536K | 20x | as long as short |
| Phoenix HYPE | +0.0094% | 1h | 93.336 | +0.137% | $215K | $1.2M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.297 | +0.095% | $18.5M | $58.9M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.271 | +0.068% | $3.1M | $12.3M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.204 | −0.004% | $56K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.230 | +0.024% | $38K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.203 | −0.005% | $6.0M | $44.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.288 | +0.086% | $2.03B | $668.1M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.249 | +0.044% | $10.0M | $14.5M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.258 | +0.054% | $385.6M | $891.3M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.216 | +0.009% | $114.6M | $316.0M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.185 | −0.025% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.386 | +0.191% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.240 | +0.034% | $92.0M | $81.5M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.243 | +0.038% | $46.2M | $19.5M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.244 | +0.039% | $226.5M | $102.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.236 | +0.030% | — | $54.6M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.274 | +0.071% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.285 | +0.082% | $28.8M | $49.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.319 | +0.119% | $7.5M | $46.8M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.338 | +0.139% | $405K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.369 | +0.173% | $675K | $2.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.268 | +0.064% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USDshort | +0.0100% | 1h | 93.254 | +0.049% | $493K | $2.6M | 20x | |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.226 | +0.019% | $76K | $169K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.243 | +0.038% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.237 | +0.031% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.278 | +0.075% | $12.7M | $2.6M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0100% | 8h | 93.246 | +0.041% | $339K | $171K | 20x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.216 | +0.009% | $18.4M | $41.0M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.243 | +0.038% | $397K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0120% | 4h | 93.294 | +0.092% | $5.1M | $29.4M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.290 | +0.088% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0244% | 1h | 93.221 | +0.014% | $77K | $157K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.210 | +0.002% | $30K | $231K | 12x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0338% / S −0.0165% | 1h | 93.258 | +0.053% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.352 | +0.154% | $17.2M | $12.5M | 75x | as long as short |
| HTX HYPE-USDT | +0.0414% | 4h | 93.378 | +0.182% | $1.5M | $7.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0447% | 1h | 93.346 | +0.148% | $7.4M | $4.6M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.279 | +0.076% | $2.7M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0574% | 1h | 93.407 | +0.213% | $19.2M | $25.7M | 50x | as long as short |
Aster HYPEUSDT
Derive HYPE-PERP
Bybit HYPEUSDT
Bullet HYPE-USD
Orderly PERP_HYPE_USDC
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
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Paradex HYPE-USD-PERP
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Injective HYPE/USDC PERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
HTX HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD