Funding you earn now, next payment 22:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.054%
Price spread now: Hotstuff against Phemex−0.115%7-day average — · you buy dearer than you sell
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
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.115% cheaper against Phemex than usual: you would sell low and buy high (−$11 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 | Phemex HYPEUSDT | 93.407 | 0.0100 | pay 0.0100% / 8h | 2h 36m | $12.7M | $2.6M | 50x |
| Short | Hotstuff HYPE-PERP | 93.300 | −0.0080 | pay 0.0010% / 1h | 36m 09s | $3K | $331 | 25x |
Phemex HYPEUSDT
Hotstuff HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Phemex. 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: −0.115% → 0.000%
- −$11.46
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$66.26
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 3 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 Phemex live order book, 3 min ago | 3.48 bp | 19.6 bp −$20 | 34.9 bp −$349 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1120% | 1h | 93.436 | +0.031% | $197K | $233K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0256% | 1h | 93.396 | −0.012% | $22K | $22K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0254% | 1h | 93.350 | −0.061% | $701K | $940K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0088% | 1h | 93.435 | +0.030% | $89K | $348K | 20x | as long as short |
| Hotstuff HYPE-PERPshort | −0.0080% | 1h | 93.300 | −0.115% | $3K | $331 | 25x | |
| Bullet HYPE-USD | −0.0016% | 1h | 93.392 | −0.016% | $112K | $583K | 20x | as long as short |
| Derive HYPE-PERP | −0.0003% | 1h | 93.345 | −0.066% | $16.4M | $7.1M | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.485 | +0.083% | $127K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.417 | +0.010% | $23K | $337K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.424 | +0.018% | $20K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Bullet HYPE-USD
Derive HYPE-PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0015% | 4h | 93.433 | +0.028% | $8.9M | $35.9M | 300x | as long as short |
| Gate HYPE_USDT | +0.0018% | 4h | 93.413 | +0.006% | $44.1M | $56.5M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0035% | 8h | 93.400 | −0.007% | $325.4M | $287.4M | 75x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.527 | +0.128% | $216K | $1.2M | 10x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0070% | 4h | 93.408 | +0.001% | $180K | $529K | 20x | as long as short |
| Popdex HYPEUSDT | +0.0080% | 1h | 93.399 | −0.009% | $56K | $1.2M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.458 | +0.054% | $18.5M | $59.5M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.417 | +0.011% | $3.1M | $12.3M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0100% | 8h | 93.439 | +0.034% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.400 | −0.007% | $40K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.405 | −0.002% | $6.0M | $44.2M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.472 | +0.070% | $2.03B | $667.9M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.427 | +0.021% | $10.0M | $14.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.400 | −0.007% | $385.2M | $888.6M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.393 | −0.015% | $114.7M | $315.2M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.395 | −0.013% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.403 | −0.005% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.399 | −0.009% | $92.8M | $82.0M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.422 | +0.016% | $46.4M | $18.9M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.408 | +0.001% | $226.9M | $102.2M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.410 | +0.003% | — | $54.2M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.513 | +0.113% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.375 | −0.034% | $28.9M | $49.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.408 | +0.002% | $7.5M | $44.9M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.381 | −0.028% | $405K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.490 | +0.089% | $676K | $2.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.453 | +0.049% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.436 | +0.031% | $493K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.398 | −0.010% | $76K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.443 | +0.039% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.389 | −0.019% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDTlong | +0.0100% | 8h | 93.407 | long leg | $12.7M | $2.6M | 50x | |
| Extended HYPE-USD | +0.0104% | 1h | 93.370 | −0.039% | $18.4M | $41.1M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.373 | −0.037% | $397K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0113% | 4h | 93.336 | −0.076% | $5.1M | $29.5M | 30x | as long as short |
| Kalshi KXHYPEPERP | +0.0116% | 8h | 93.483 | +0.081% | $1.9M | $5.3M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.400 | −0.007% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0245% | 1h | 93.397 | −0.011% | $78K | $158K | 15x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0253% | 1h | 93.491 | +0.090% | $7.4M | $4.6M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.330 | −0.082% | $30K | $231K | 12x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0338% / S −0.0164% | 1h | 93.444 | +0.040% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.449 | +0.045% | $17.1M | $12.5M | 75x | as long as short |
| HTX HYPE-USDT | +0.0340% | 4h | 93.662 | +0.273% | $1.5M | $7.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.477 | +0.074% | $2.8M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0573% | 1h | 93.492 | +0.091% | $19.2M | $25.9M | 50x | as long as short |
Aster HYPEUSDT
Gate HYPE_USDT
Bybit HYPEUSDT
Phoenix HYPE
Orderly PERP_HYPE_USDC
Popdex HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Arcus HYPE-USD
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Deribit HYPE_USDC-PERPETUAL
Injective HYPE/USDC PERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
HTX HYPE-USDT
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD