HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.053%

Price spread now: SoDEX against Hotstuff+0.040%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on SoDEX

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

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and SoDEX is 0.040% dearer against Hotstuff than usual: you sell high and buy low: +$4 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	93.906	−0.0080	get 0.0010% / 1h	18m 46s	$3K	$331	25x
Short	SoDEX HYPE-USD	93.944	0.0100	get 0.0013% / 1h	18m 46s	$2.0M	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.040%Rate

Funding earned: $37.8
Price spread: +0.040% → 0.000%: $4.05
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $28.85
Costs to cover: 0.130%
Break-even: 1.7 days

Slippage unknown: Hotstuff: no order-book sample; SoDEX: 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 SoDEX live order book, 5 min ago	0.05 bp	7.1 bp −$7	13.4 bp −$134	100.9 bp −$10.1K	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	−0.1376%	1h	93.862	−0.047%	$199K	$239K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0422%	1h	93.521	−0.410%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERPlong	−0.0080%	1h	93.906	long leg	$3K	$331	25x
Bullet HYPE-USD	−0.0041%	1h	93.921	+0.016%	$112K	$580K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0018%	4h	93.905	−0.001%	$146K	$672K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.915	+0.009%	$129K	$29K	5x	as long as short
01 Exchange HYPEUSD	0.0000%	1h	93.948	+0.045%	$88K	$365K	20x	as long as short
Perpl HYPE	0.0000%	43m	93.951	+0.048%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.956	+0.053%	$62K	—	150x	as long as short
Arcus HYPE-USD	+0.0011%	1h	93.888	−0.019%	$1.0M	$3.9M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget HYPEUSDT	+0.0014%	4h	94.039	+0.142%	$227.0M	$99.0M	75x	as long as short
Bybit HYPEUSDT	+0.0020%	8h	94.020	+0.121%	$319.0M	$283.4M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	93.624	−0.300%	$208K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0031%	8h	93.952	+0.049%	$12.8M	$2.8M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0047%	1h	93.870	−0.038%	$704K	$1.2M	10x	as long as short
edgeX HYPEUSDC	+0.0094%	4h	93.626	−0.298%	$5.0M	$29.9M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0094%	8h	93.987	+0.086%	$342K	$157K	20x	as long as short
Lighter HYPE	+0.0096%	1h	94.052	+0.155%	$16.3M	$63.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.050	+0.153%	$3.1M	$11.5M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.930	+0.026%	$73K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.750	−0.166%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.910	+0.005%	$7.8M	$48.5M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.117	+0.225%	$2.06B	$672.3M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.027	+0.129%	$8.8M	$36.5M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.970	+0.068%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.030	+0.132%	$377.1M	$917.3M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.052	+0.155%	$116.0M	$314.3M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.358	−0.583%	$216K	$15K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.031	+0.133%	$47.4M	$54.6M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.010	+0.111%	$90.6M	$81.7M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.048	+0.151%	$46.5M	$18.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.022	+0.124%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.021	+0.122%	$7.2M	$10.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.699	−0.221%	$28.6M	$56.2M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.275	−0.672%	$7.5M	$47.3M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.227	−0.723%	$342K	$997K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.924	+0.019%	$672K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.976	+0.074%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.953	+0.050%	$482K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.959	+0.056%	$79K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.933	+0.029%	$16.2M	$7.4M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.003	+0.103%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USDshort	+0.0100%	1h	93.944	+0.040%	$2.0M	$1.9M	10x
HTX HYPE-USDT	+0.0100%	4h	94.100	+0.207%	$1.4M	$6.5M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.997	+0.097%	$18.2M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.948	+0.044%	$397K	$158K	20x	as long as short
Kalshi KXHYPEPERP	+0.0119%	8h	93.986	+0.085%	$1.8M	$5.6M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	94.080	+0.185%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.950	+0.047%	$4.6M	$5.8M	50x	as long as short
Reya HYPERUSDPERP	+0.0270%	1h	93.934	+0.030%	$80K	$127K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0293%	1h	94.028	+0.130%	$7.5M	$4.1M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0154%	1h	93.946	+0.043%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0339%	1h	94.012	+0.113%	$21.0M	$29.5M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.930	+0.026%	$16.9M	$12.0M	75x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	93.956	+0.053%	$3.2M	$6.3M	20x	as long as short