Funding you earn now, next payment 04:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.054%
Price spread now: Variational Omni against Hotstuff+0.026%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
=Together, before fees—+ Points / potential airdropHotstuff: Active · Variational Omni: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Variational Omni is 0.026% dearer against Hotstuff than usual: you sell high and buy low: +$3 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 | 92.545 | −0.0080 | get 0.0010% / 1h | 31m 05s | $3K | $331 | 25x |
| Short | Variational Omni HYPE | 92.569 | 0.0100 | get 0.0100% / 8h | 4h 31m | $28.5M | $57.6M | — |
Hotstuff HYPE-PERP
Variational Omni HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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: +0.026% → 0.000%
- $2.57
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $35.37
- Costs to cover
- 0.050%
- Break-even
- 0.4 days
Slippage unknown: Hotstuff: no order-book sample; Variational Omni: RFQ quote, 3 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 Variational Omni RFQ quote, 3 min ago | 0.42 bp | doesn't fit | 7.4 bp −$74 | 29.9 bp −$2,994 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus HYPE-USD | −0.0948% | 1h | 92.530 | −0.016% | $1.0M | $3.8M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0304% | 1h | 92.464 | −0.088% | $194K | $229K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0184% | 1h | 92.406 | −0.150% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERPlong | −0.0080% | 1h | 92.545 | long leg | $3K | $331 | 25x | |
| Orderly PERP_HYPE_USDC | −0.0066% | 4h | 92.571 | +0.028% | $157K | $664K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 92.645 | +0.108% | $87K | $356K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0001% | 1h | 92.480 | −0.070% | $696K | $1.1M | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.615 | +0.076% | $127K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.612 | +0.072% | $22K | $309K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.611 | +0.071% | $62K | — | 150x | as long as short |
Arcus HYPE-USD
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
Ondo Perps HYPE-USD.P
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 | |
|---|---|---|---|---|---|---|---|---|
| Bullet HYPE-USD | +0.0005% | 1h | 92.607 | +0.067% | $111K | $580K | 20x | as long as short |
| Aster HYPEUSDT | +0.0018% | 4h | 92.630 | +0.092% | $8.7M | $36.3M | 300x | as long as short |
| BingX HYPE-USDT | +0.0036% | 4h | 92.645 | +0.108% | — | $53.3M | — | as long as short |
| Phemex HYPEUSDT | +0.0040% | 8h | 92.580 | +0.038% | $12.5M | $2.7M | 50x | as long as short |
| Phoenix HYPE | +0.0043% | 1h | 92.278 | −0.289% | $209K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0054% | 8h | 92.640 | +0.103% | $316.6M | $281.8M | 75x | as long as short |
| Gate HYPE_USDT | +0.0070% | 4h | 92.634 | +0.096% | $44.4M | $55.1M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0082% | 8h | 92.654 | +0.118% | $113.5M | $304.1M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0093% | 8h | 92.654 | +0.117% | $339K | $163K | 20x | as long as short |
| MEXC HYPE_USDT | +0.0094% | 4h | 92.643 | +0.106% | $87.5M | $80.7M | 100x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.615 | +0.075% | $16.0M | $62.5M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.621 | +0.082% | $3.1M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 92.605 | +0.065% | $69K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.570 | +0.027% | $38K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.612 | +0.073% | $6.8M | $44.2M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.652 | +0.116% | $2.02B | $665.8M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.648 | +0.111% | $10.0M | $15.0M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.660 | +0.124% | $371.5M | $903.3M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.298 | −0.266% | $201K | $13K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.621 | +0.082% | $46.0M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.635 | +0.097% | $224.7M | $98.3M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.626 | +0.088% | $7.3M | $10.8M | 20x | as long as short |
| Variational Omni HYPEshort | +0.0100% | 8h | 92.569 | +0.026% | $28.5M | $57.6M | — | |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.290 | −0.275% | $7.5M | $46.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.436 | −0.118% | $338K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.553 | +0.009% | $663K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.634 | +0.096% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.621 | +0.082% | $472K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.585 | +0.043% | $78K | $170K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 92.577 | +0.035% | $16.0M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.586 | +0.044% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.615 | +0.076% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 92.700 | +0.167% | $1.4M | $6.2M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0103% | 4h | 92.227 | −0.343% | $4.9M | $29.6M | 30x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.579 | +0.036% | $18.1M | $43.5M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.594 | +0.053% | $391K | $164K | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0150% | 1h | 93.000 | +0.492% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0160% | 1h | 92.680 | +0.146% | $4.7M | $5.5M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0248% | 8h | 92.705 | +0.173% | $1.8M | $5.4M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0261% | 1h | 92.597 | +0.056% | $79K | $137K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0330% / S −0.0154% | 1h | 92.609 | +0.069% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0332% | 1h | 92.665 | +0.129% | $20.6M | $30.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.607 | +0.067% | $16.7M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0430% | 1h | 92.693 | +0.160% | $7.5M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0687% | 1h | 92.676 | +0.142% | $3.1M | $6.4M | 20x | as long as short |
Bullet HYPE-USD
Aster HYPEUSDT
BingX HYPE-USDT
Phemex HYPEUSDT
Phoenix HYPE
Bybit HYPEUSDT
Gate HYPE_USDT
OKX HYPE-USDT-SWAP
Paradex HYPE-USD-PERP
MEXC HYPE_USDT
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
edgeX HYPEUSDC
Extended HYPE-USD
Aevo HYPE-PERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC