Funding you earn now, next payment 07:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h −0.047%
Price spread now: Hotstuff against Kalshi−0.076%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Hotstuff is 0.076% cheaper against Kalshi than usual: you would sell low and buy high (−$8 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 | Kalshi KXHYPEPERP | 93.534 | 0 | get 0.0000% / 8h | 5h 36m | $1.8M | $5.6M | 2.3x |
| Short | Hotstuff HYPE-PERP | 93.463 | −0.0080 | pay 0.0010% / 1h | 36m 28s | $3K | $331 | 25x |
Kalshi KXHYPEPERP
Hotstuff HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Kalshi. 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
- −$16.8
- Price spread: −0.076% → 0.000%
- −$7.59
- Slippage, 4 orders
- no order book: not counted
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$39.39
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Kalshi: live order book, 2 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 Kalshi live order book, 2 min ago | 3.15 bp | 9.0 bp −$9 | 11.5 bp −$115 | 17.4 bp −$1,741 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1056% | 1h | 93.428 | −0.113% | $198K | $240K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0190% | 1h | 93.549 | +0.016% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0103% | 1h | 93.340 | −0.207% | $703K | $1.2M | 10x | as long as short |
| Hotstuff HYPE-PERPshort | −0.0080% | 1h | 93.463 | −0.076% | $3K | $331 | 25x | |
| Bullet HYPE-USD | −0.0066% | 1h | 93.329 | −0.219% | $110K | $580K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0048% | 1h | 93.413 | −0.129% | $86K | $369K | 20x | as long as short |
| Bluefin HYPE-PERP | −0.0033% | 1h | 93.313 | −0.236% | $79K | $155K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0021% | 4h | 93.327 | −0.221% | $145K | $685K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.447 | −0.093% | $128K | $28K | 5x | as long as short |
| Kalshi KXHYPEPERPlong | 0.0000% | 8h | 93.534 | long leg | $1.8M | $5.6M | 2.3x |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Bullet HYPE-USD
01 Exchange HYPEUSD
Bluefin HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 93.408 | −0.134% | $20K | $289K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.368 | −0.178% | $83K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0002% | 8h | 93.322 | −0.227% | $314.9M | $288.4M | 75x | as long as short |
| BingX HYPE-USDT | +0.0002% | 4h | 93.353 | −0.194% | — | $53.6M | — | as long as short |
| Derive HYPE-PERP | +0.0010% | 1h | 93.422 | −0.119% | $16.2M | $7.4M | 10x | as long as short |
| Phoenix HYPE | +0.0017% | 1h | 93.482 | −0.056% | $209K | $1.1M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0042% | 4h | 93.366 | −0.180% | $224.9M | $99.7M | 75x | as long as short |
| Paradex HYPE-USD-PERP | +0.0077% | 8h | 93.429 | −0.113% | $334K | $161K | 20x | as long as short |
| Arcus HYPE-USD | +0.0084% | 1h | 93.375 | −0.170% | $1.0M | $4.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0086% | 8h | 93.459 | −0.080% | $12.8M | $2.8M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0086% | 4h | 93.443 | −0.097% | $5.0M | $30.5M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.410 | −0.133% | $16.1M | $63.9M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.419 | −0.123% | $3.1M | $11.1M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.390 | −0.154% | $80K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.400 | −0.143% | $21K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.402 | −0.141% | $7.4M | $50.9M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.475 | −0.063% | $2.04B | $681.3M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.362 | −0.184% | $8.8M | $37.1M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.433 | −0.108% | $10.1M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.341 | −0.206% | $373.7M | $930.3M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.331 | −0.217% | $115.2M | $314.6M | 50x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.370 | −0.175% | $48.4M | $55.2M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.353 | −0.194% | $89.2M | $83.9M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.411 | −0.132% | $46.3M | $18.7M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.449 | −0.091% | $7.2M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.479 | −0.059% | $28.6M | $56.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.540 | +0.007% | $7.5M | $48.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.577 | +0.046% | $347K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.507 | −0.029% | $677K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.455 | −0.084% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.396 | −0.148% | $469K | $2.8M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.533 | −0.001% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.471 | −0.067% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.615 | +0.087% | $1.4M | $6.7M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.507 | −0.029% | $216K | $15K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.348 | −0.199% | $18.2M | $43.3M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.470 | −0.068% | $395K | $159K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0120% | 1h | 93.460 | −0.079% | $4.7M | $6.1M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 93.430 | −0.111% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0271% | 1h | 93.348 | −0.199% | $77K | $129K | 15x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0295% | 1h | 93.567 | +0.035% | $7.4M | $4.2M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0154% | 1h | 93.388 | −0.156% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.480 | −0.058% | $16.9M | $12.2M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0416% | 1h | 93.550 | +0.017% | $20.9M | $29.6M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0559% | 1h | 93.388 | −0.157% | $3.2M | $6.4M | 20x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
BingX HYPE-USDT
Derive HYPE-PERP
Phoenix HYPE
Bitget HYPEUSDT
Paradex HYPE-USD-PERP
Arcus HYPE-USD
Phemex HYPEUSDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD
RISEx HYPE/USDC