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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.03 per $10,000 · paid last 24h −0.030%
Price spread now: Hotstuff against Ondo Perps+0.032%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Ondo PerpsShort on Hotstuff
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 airdropOndo Perps: Active · Hotstuff: Active · farm boardneeds both histories
The price spread pays, funding is against you. Hotstuff is 0.032% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.032% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.3 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps HYPE-USD.P93.570−0.0060get 0.0008% / 1h30m 30s$703K$910K10x
ShortHotstuff HYPE-PERP93.600−0.0080pay 0.0010% / 1h30m 30s$3K$33125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Ondo Perps. 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

Funding earned
−$4.2
Price spread: +0.032% → 0.000%
$3.21
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$10.99
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample—————
Sell Hotstuff no order-book sample—————
Ondo Perps and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.0808%1h93.632+0.067%$198K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0353%1h93.847+0.296%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.532−0.041%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERPshort−0.0080%1h93.600+0.032%$3K$33125x
Ondo Perps HYPE-USD.Plong−0.0060%1h93.570long leg$703K$910K10x
01 Exchange HYPEUSD−0.0032%1h93.619+0.052%$87K$365K20xas long as short
Derive HYPE-PERP−0.0017%1h93.543−0.029%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.583+0.013%$127K$30K5xas long as short
Perpl HYPE0.0000%43m93.642+0.077%$23K$329K10xas long as short
Orderly PERP_HYPE_USDC+0.0002%4h93.628+0.062%$166K$583K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.670+0.107%$26K—150xas long as short
Phoenix HYPE+0.0009%1h93.755+0.198%$215K$1.2M10xas long as short
Aster HYPEUSDT+0.0015%4h93.635+0.069%$8.9M$36.0M300xas long as short
Bybit HYPEUSDT+0.0019%8h93.626+0.060%$321.7M$283.4M75xas long as short
Binance HYPEUSDT+0.0057%4h93.637+0.072%$383.1M$895.2M75xas long as short
MEXC HYPE_USDT+0.0058%4h93.657+0.093%$87.3M$81.7M100xas long as short
Phemex HYPEUSDT+0.0072%8h93.638+0.073%$12.8M$2.6M50xas long as short
edgeX HYPEUSDC+0.0080%4h93.817+0.264%$5.1M$29.9M30xas long as short
Gate HYPE_USDT+0.0082%4h93.623+0.057%$44.5M$59.1M75xas long as short
Lighter HYPE+0.0096%1h93.628+0.062%$18.8M$60.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.583+0.014%$3.0M$12.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.641+0.076%$63K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.608+0.040%$398K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.621+0.055%$340K$171K20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.600+0.032%$43K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.569−0.001%$5.7M$44.4M10xas long as short
Pacifica HYPE+0.0100%1h93.618+0.051%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.629+0.063%$115.3M$320.0M50xas long as short
Bulk HYPE-USD+0.0100%1h93.625+0.059%$204K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.639+0.074%$46.5M$18.5M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.646+0.081%$226.8M$102.7M75xas long as short
BingX HYPE-USDT+0.0100%4h93.645+0.080%—$54.1M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.607+0.040%$7.8M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.564−0.006%$31.2M$53.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.786+0.231%$7.6M$45.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.819+0.266%$341K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.752+0.195%$678K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.665+0.102%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.664+0.100%$490K$2.5M20xas long as short
Bullet HYPE-USD+0.0100%1h93.617+0.051%$111K$578K20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.596+0.028%$76K$170K20xas long as short
SunX HYPE-USDT+0.0100%4h93.655+0.091%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.610+0.043%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.898%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.611+0.044%$18.3M$42.8M50xas long as short
Kalshi KXHYPEPERP+0.0131%8h93.733+0.174%$1.9M$5.0M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.650+0.085%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0217%4h93.768+0.212%$1.5M$7.8M75xas long as short
BloFin HYPE-USDT+0.0237%4h93.601+0.033%$17.0M$12.6M75xas long as short
Reya HYPERUSDPERP+0.0249%1h93.643+0.078%$77K$142K15xas long as short
RISEx HYPE/USDC+0.0284%1h93.676+0.113%$2.8M$6.9M20xas long as short
Hyperliquid HYPE+0.0287%1h93.689+0.127%$2.03B$676.0M10xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0337% / S −0.0163%1h93.664+0.100%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0348%1h93.702+0.141%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0579%1h93.700+0.139%$20.9M$29.4M50xas long as short