HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.23 per $10,000 · paid last 24h −0.092%

Price spread now: Hotstuff against Hyperliquid−0.031%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Hotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.031% cheaper against Hyperliquid than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid HYPE	92.574	0.0100	pay 0.0013% / 1h	32m 24s	$2.01B	$665.7M	10x
Short	Hotstuff HYPE-PERP	92.545	−0.0080	pay 0.0010% / 1h	32m 24s	$3K	$331	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Hyperliquid. 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 HyperliquidbpFee HotstuffbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$37.8
Price spread: −0.031% → 0.000%: −$3.13
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$54.93
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 12 min ago; Hotstuff: 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 Hyperliquid live order book, 12 min ago	0.05 bp	4.7 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

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	92.452	−0.132%	$1.0M	$3.8M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0304%	1h	92.464	−0.119%	$194K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0177%	1h	92.326	−0.267%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERPshort	−0.0080%	1h	92.545	−0.031%	$3K	$331	25x
Orderly PERP_HYPE_USDC	−0.0069%	4h	92.445	−0.139%	$157K	$663K	20x	as long as short
01 Exchange HYPEUSD	−0.0064%	1h	92.570	−0.004%	$87K	$356K	20x	as long as short
Bullet HYPE-USD	−0.0022%	1h	92.458	−0.125%	$110K	$580K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0009%	1h	92.480	−0.102%	$693K	$1.1M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.537	−0.040%	$127K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.522	−0.057%	$22K	$309K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.489	−0.092%	$61K	—	150x	as long as short
Aster HYPEUSDT	+0.0018%	4h	92.536	−0.042%	$8.7M	$36.3M	300x	as long as short
BingX HYPE-USDT	+0.0034%	4h	92.542	−0.035%	—	$53.3M	—	as long as short
Phoenix HYPE	+0.0043%	1h	92.278	−0.320%	$209K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0054%	8h	92.445	−0.139%	$12.5M	$2.7M	50x	as long as short
Bybit HYPEUSDT	+0.0056%	8h	92.530	−0.048%	$316.4M	$281.7M	75x	as long as short
Gate HYPE_USDT	+0.0068%	4h	92.530	−0.048%	$44.4M	$55.1M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0082%	8h	92.542	−0.035%	$113.3M	$303.7M	50x	as long as short
MEXC HYPE_USDT	+0.0090%	4h	92.539	−0.038%	$87.4M	$80.7M	100x	as long as short
Paradex HYPE-USD-PERP	+0.0093%	8h	92.580	+0.006%	$339K	$163K	20x	as long as short
Binance HYPEUSDT	+0.0096%	4h	92.545	−0.032%	$371.1M	$903.6M	75x	as long as short
Lighter HYPE	+0.0096%	1h	92.544	−0.033%	$16.0M	$62.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.544	−0.032%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	92.530	−0.048%	$69K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.490	−0.091%	$38K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.540	−0.036%	$6.8M	$44.2M	10x	as long as short
Hyperliquid HYPElong	+0.0100%	1h	92.574	long leg	$2.01B	$665.7M	10x
Pacifica HYPE	+0.0100%	1h	92.565	−0.010%	$10.0M	$15.0M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.298	−0.298%	$201K	$13K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.537	−0.040%	$45.9M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.529	−0.049%	$224.4M	$98.3M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.461	−0.122%	$7.3M	$10.8M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.139	−0.470%	$28.2M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.290	−0.307%	$7.5M	$46.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.281	−0.317%	$337K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.337	−0.256%	$661K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.564	−0.011%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.560	−0.015%	$476K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.444	−0.140%	$78K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.441	−0.144%	$16.0M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.483	−0.098%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.484	−0.097%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.600	+0.028%	$1.4M	$6.2M	75x	as long as short
edgeX HYPEUSDC	+0.0103%	4h	92.227	−0.374%	$4.9M	$29.6M	30x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.510	−0.069%	$18.1M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.481	−0.101%	$391K	$164K	20x	as long as short
Injective HYPE/USDC PERP	+0.0150%	1h	92.380	−0.210%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0160%	1h	92.460	−0.123%	$4.7M	$5.5M	50x	as long as short
Kalshi KXHYPEPERP	+0.0249%	8h	92.492	−0.089%	$1.8M	$5.4M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0261%	1h	92.536	−0.041%	$79K	$137K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0154%	1h	92.473	−0.109%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0330%	4h	92.477	−0.105%	$16.7M	$11.5M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0333%	1h	92.533	−0.045%	$20.5M	$30.5M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0518%	1h	92.568	−0.006%	$7.5M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0687%	1h	92.603	+0.032%	$3.1M	$6.4M	20x	as long as short