Funding you earn now, next payment 06:00 UTC−0.0589%/8h= −64.5% APRnext payment −$0.74 per $10,000 · paid last 24h −0.092%
Price spread now: Hotstuff against Deribit−0.299%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 −$18 a day on $10k at the current rate, and Hotstuff is 0.299% cheaper against Deribit than usual: you would sell low and buy high (−$30 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 | Deribit HYPE_USDC-PERPETUAL | 93.608 | 0.0509 | pay 0.0064% / 1h | 34m 33s | $7.5M | $4.0M | 50x |
| Short | Hotstuff HYPE-PERP | 93.328 | −0.0080 | pay 0.0010% / 1h | 34m 33s | $3K | $331 | 25x |
Deribit HYPE_USDC-PERPETUAL
Hotstuff HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Deribit. 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
- −$123.69
- Price spread: −0.299% → 0.000%
- −$29.91
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$165.6
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 4 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 Deribit live order book, 4 min ago | 2.57 bp | 8.4 bp −$8 | 12.6 bp −$126 | 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 | −0.1664% | 1h | 93.244 | −0.388% | $196K | $234K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0381% | 1h | 93.358 | −0.267% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERPshort | −0.0080% | 1h | 93.328 | −0.299% | $3K | $331 | 25x | |
| Bullet HYPE-USD | −0.0071% | 1h | 93.494 | −0.122% | $112K | $578K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0022% | 4h | 93.508 | −0.107% | $146K | $662K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0016% | 1h | 93.305 | −0.324% | $87K | $366K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.367 | −0.258% | $128K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.487 | −0.129% | $22K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.534 | −0.080% | $62K | — | 150x | as long as short |
| Arcus HYPE-USD | +0.0011% | 1h | 93.274 | −0.357% | $1.0M | $4.0M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Bullet HYPE-USD
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Arcus HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps HYPE-USD.P | +0.0013% | 1h | 93.430 | −0.190% | $702K | $1.2M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0016% | 4h | 93.284 | −0.346% | $225.5M | $98.9M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0021% | 8h | 93.250 | −0.382% | $316.8M | $283.2M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.434 | −0.186% | $209K | $1.2M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0033% | 8h | 93.518 | −0.096% | $12.6M | $2.7M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0094% | 4h | 93.304 | −0.325% | $5.0M | $30.0M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0094% | 8h | 93.356 | −0.269% | $340K | $162K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.333 | −0.294% | $16.1M | $63.1M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.343 | −0.283% | $3.1M | $11.4M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.285 | −0.345% | $76K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.260 | −0.372% | $28K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.314 | −0.314% | $8.0M | $48.5M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.409 | −0.213% | $2.03B | $668.6M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.360 | −0.265% | $8.7M | $36.5M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.339 | −0.287% | $10.1M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.287 | −0.343% | $373.8M | $913.4M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.260 | −0.372% | $114.3M | $309.3M | 50x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.312 | −0.316% | $46.7M | $54.2M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.312 | −0.316% | $89.8M | $80.9M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.324 | −0.303% | $46.1M | $18.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.325 | −0.302% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.529 | −0.084% | $7.3M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.351 | −0.275% | $28.6M | $56.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.365 | −0.259% | $7.5M | $47.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.331 | −0.296% | $342K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.497 | −0.119% | $669K | $2.9M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.365 | −0.260% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.512 | −0.103% | $484K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.516 | −0.098% | $79K | $166K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.496 | −0.120% | $16.1M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.475 | −0.142% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.523 | −0.091% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.600 | −0.009% | $1.4M | $6.5M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.344 | −0.282% | $215K | $15K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.274 | −0.357% | $18.1M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.520 | −0.095% | $395K | $161K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0112% | 8h | 93.541 | −0.072% | $1.8M | $5.7M | 2.3x | as long as short |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 93.350 | −0.276% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.500 | −0.115% | $4.8M | $5.6M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0269% | 1h | 93.495 | −0.121% | $80K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0154% | 1h | 93.526 | −0.087% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.516 | −0.098% | $16.9M | $11.9M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0340% | 1h | 93.596 | −0.013% | $20.9M | $29.6M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUALlong | +0.0509% | 1h | 93.608 | long leg | $7.5M | $4.0M | 50x | |
| RISEx HYPE/USDC | +0.0527% | 1h | 93.364 | −0.261% | $3.2M | $6.2M | 20x | as long as short |
Ondo Perps HYPE-USD.P
Bitget HYPEUSDT
Bybit HYPEUSDT
Phoenix HYPE
Phemex HYPEUSDT
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
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
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
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD
RISEx HYPE/USDC