HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0868%/8h= +95.1% APRnext payment +$1.09 per $10,000 · paid last 24h +0.028%

Price spread now: Hotstuff against Arcus+0.086%7-day average — · you sell dearer than you buy

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

Long on Arcus 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 airdropHotstuff: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Hotstuff is 0.086% dearer against Arcus than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus HYPE-USD	92.226	−0.0948	get 0.0119% / 1h	40m 53s	$1.2M	$3.8M	10x
Short	Hotstuff HYPE-PERP	92.305	−0.0080	pay 0.0010% / 1h	40m 53s	$3K	$331	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Arcus. 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 ArcusbpFee HotstuffbpOrdersPrice spread, now +0.086%Rate

Funding earned: $182.29
Price spread: +0.086% → 0.000%: $8.57
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $181.35
Costs to cover: 0.095%
Break-even: 0.0 days

Slippage unknown: Arcus: 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 Arcus live order book, 3 min ago	0.54 bp	3.2 bp −$3	6.8 bp −$68	27.4 bp −$2,742	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-USDlong	−0.0948%	1h	92.226	long leg	$1.2M	$3.8M	10x
Hibachi HYPE/USDT-P	−0.0520%	1h	92.314	+0.096%	$193K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0170%	1h	92.291	+0.071%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSD	−0.0120%	1h	92.308	+0.089%	$85K	$355K	20x	as long as short
Hotstuff HYPE-PERPshort	−0.0080%	1h	92.305	+0.086%	$3K	$331	25x
Orderly PERP_HYPE_USDC	−0.0069%	4h	92.270	+0.048%	$157K	$663K	20x	as long as short
Bullet HYPE-USD	−0.0062%	1h	92.271	+0.049%	$110K	$579K	20x	as long as short
Aster HYPEUSDT	−0.0007%	4h	92.349	+0.133%	$8.7M	$36.4M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.312	+0.094%	$127K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.261	+0.038%	$22K	$310K	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	92.296	+0.076%	$61K	—	150x	as long as short
Ondo Perps HYPE-USD.P	+0.0020%	1h	92.240	+0.015%	$695K	$1.1M	10x	as long as short
BingX HYPE-USDT	+0.0030%	4h	92.400	+0.189%	—	$53.3M	—	as long as short
Phoenix HYPE	+0.0043%	1h	92.246	+0.022%	$209K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0052%	8h	92.390	+0.178%	$316.0M	$281.2M	75x	as long as short
Gate HYPE_USDT	+0.0058%	4h	92.417	+0.207%	$44.3M	$54.9M	75x	as long as short
Phemex HYPEUSDT	+0.0066%	8h	92.321	+0.103%	$12.5M	$2.7M	50x	as long as short
Derive HYPE-PERP	+0.0070%	1h	92.270	+0.047%	$16.0M	$7.5M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0077%	8h	92.403	+0.192%	$113.0M	$302.4M	50x	as long as short
MEXC HYPE_USDT	+0.0080%	4h	92.411	+0.201%	$87.2M	$80.5M	100x	as long as short
Binance HYPEUSDT	+0.0081%	4h	92.411	+0.201%	$370.5M	$900.1M	75x	as long as short
edgeX HYPEUSDC	+0.0089%	4h	92.287	+0.066%	$4.9M	$29.5M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0091%	8h	92.331	+0.114%	$338K	$163K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.320	+0.102%	$16.0M	$62.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.310	+0.091%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	92.298	+0.078%	$68K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.260	+0.037%	$29K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.291	+0.071%	$6.1M	$43.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.449	+0.242%	$2.01B	$665.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.320	+0.102%	$10.0M	$15.0M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.245	+0.021%	$201K	$13K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.375	+0.162%	$45.8M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.398	+0.186%	$224.2M	$98.4M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.320	+0.102%	$7.4M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.258	+0.035%	$28.3M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.209	−0.019%	$7.5M	$45.9M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.186	−0.043%	$337K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.325	+0.107%	$663K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.324	+0.106%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.292	+0.072%	$475K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.271	+0.049%	$78K	$169K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.330	+0.113%	$31K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.306	+0.087%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.404	+0.193%	$1.4M	$6.2M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.387	+0.174%	$18.1M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.275	+0.053%	$390K	$164K	20x	as long as short
Injective HYPE/USDC PERP	+0.0150%	1h	93.000	+0.839%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0160%	1h	92.380	+0.167%	$4.7M	$5.5M	50x	as long as short
Kalshi KXHYPEPERP	+0.0255%	8h	92.333	+0.116%	$1.8M	$5.4M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0261%	1h	92.266	+0.043%	$79K	$138K	15x	as long as short
BloFin HYPE-USDT	+0.0321%	4h	92.305	+0.086%	$16.7M	$11.5M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0154%	1h	92.301	+0.082%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0333%	1h	92.355	+0.140%	$20.5M	$30.4M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0487%	1h	92.391	+0.179%	$7.5M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0687%	1h	92.374	+0.161%	$3.1M	$6.4M	20x	as long as short