HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h −0.024%

Price spread now: Hotstuff against 01 Exchange+0.069%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short 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 airdropHotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hotstuff is 0.069% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.069% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange HYPEUSD	93.368	−0.0048	get 0.0006% / 1h	9m 08s	$85K	$347K	20x
Short	Hotstuff HYPE-PERP	93.432	−0.0080	pay 0.0010% / 1h	9m 08s	$3K	$331	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against 01 Exchange. 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 01 ExchangebpFee HotstuffbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$6.72
Price spread: +0.069% → 0.000%: $6.85
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$11.87
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: 01 Exchange: live order book, 60 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 01 Exchange live order book, 60 min ago	0.16 bp	7.0 bp −$7	11.4 bp −$114	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 54 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	−0.1096%	1h	93.473	+0.113%	$196K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0786%	1h	93.299	−0.074%	$1.2M	$3.8M	10x	as long as short
Phemex HYPEUSDT	−0.0090%	8h	93.394	+0.028%	$12.6M	$2.7M	50x	as long as short
Hotstuff HYPE-PERPshort	−0.0080%	1h	93.432	+0.069%	$3K	$331	25x
Ondo Perps HYPE-USD.P	−0.0079%	1h	93.330	−0.041%	$701K	$916K	10x	as long as short
Orderly PERP_HYPE_USDC	−0.0055%	4h	93.329	−0.042%	$156K	$646K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0050%	1h	93.650	+0.302%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSDlong	−0.0048%	1h	93.368	long leg	$85K	$347K	20x
Gate HYPE_USDT	−0.0010%	4h	93.320	−0.051%	$44.2M	$55.3M	75x	as long as short
Backpack HYPE_USDC_PERP	−0.0007%	1h	93.307	−0.065%	$7.4M	$10.4M	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	−0.0006%	4h	93.353	−0.016%	$8.8M	$35.8M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.502	+0.143%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.394	+0.028%	$22K	$323K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.367	−0.001%	$26K	—	150x	as long as short
BingX HYPE-USDT	+0.0006%	4h	93.330	−0.041%	—	$53.5M	—	as long as short
Bybit HYPEUSDT	+0.0008%	8h	93.341	−0.029%	$320.4M	$277.6M	75x	as long as short
Phoenix HYPE	+0.0060%	1h	93.484	+0.124%	$210K	$1.2M	10x	as long as short
Bullet HYPE-USD	+0.0068%	1h	93.338	−0.032%	$111K	$577K	20x	as long as short
MEXC HYPE_USDT	+0.0072%	4h	93.361	−0.007%	$88.2M	$83.4M	100x	as long as short
Binance HYPEUSDT	+0.0073%	4h	93.354	−0.015%	$380.1M	$886.4M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0074%	8h	93.364	−0.004%	$114.7M	$305.0M	50x	as long as short
edgeX HYPEUSDC	+0.0089%	4h	93.554	+0.199%	$5.0M	$29.9M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.375	+0.008%	$16.3M	$62.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.362	−0.006%	$3.1M	$11.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.375	+0.007%	$67K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.364	−0.004%	$397K	$172K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.467	+0.106%	$339K	$164K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.400	+0.034%	$21K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.427	+0.063%	$5.7M	$44.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.425	+0.061%	$2.04B	$657.3M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.440	+0.078%	$10.0M	$14.7M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.760	+0.420%	$204K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.376	+0.009%	$46.2M	$18.0M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.327	−0.044%	$226.0M	$97.6M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.519	+0.161%	$31.1M	$54.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.622	+0.272%	$7.6M	$47.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.538	+0.182%	$338K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.514	+0.156%	$667K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.449	+0.087%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.390	+0.024%	$475K	$2.4M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.326	−0.045%	$79K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.335	−0.035%	$16.2M	$7.7M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.437	+0.074%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.374	+0.006%	$2.0M	$1.9M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.348	−0.021%	$18.3M	$43.8M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0136%	1h	93.430	+0.066%	$4.9M	$5.4M	50x	as long as short
Injective HYPE/USDC PERP	+0.0137%	1h	93.370	+0.002%	$30K	$339K	12x	as long as short
HTX HYPE-USDT	+0.0183%	4h	93.550	+0.195%	$1.4M	$5.9M	75x	as long as short
RISEx HYPE/USDC	+0.0210%	1h	93.450	+0.087%	$3.2M	$6.9M	20x	as long as short
Reya HYPERUSDPERP	+0.0256%	1h	93.364	−0.005%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0282%	8h	93.429	+0.065%	$1.9M	$4.9M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.379	+0.012%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0446%	1h	93.456	+0.094%	$7.4M	$4.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0683%	1h	93.439	+0.076%	$20.9M	$29.8M	50x	as long as short