Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Measured
My alerts

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
My alerts

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 01:00 UTC+0.0084%/8h= +9.3% APRnext payment +$0.11 per $10,000 · paid last 24h −0.025%
Price spread now: Hotstuff against dYdX−0.054%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on dYdXShort 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
Funding pays, the price is against you. Hotstuff is 0.054% cheaper against dYdX than usual: you would sell low and buy high (spread −0.054% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2.1 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX HYPE-USD94.128−0.0164get 0.0021% / 1h32m 02s$129K$31K5x
ShortHotstuff HYPE-PERP94.077−0.0080pay 0.0010% / 1h32m 02s$3K$33125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against dYdX. 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
$17.74
Price spread: −0.054% → 0.000%
−$5.41
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$2.66
Costs to cover
0.150%
Break-even
8.1 days
Slippage unknown: dYdX: live order book, 42 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
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 42 min ago9.10 bp42.4 bp −$4257.1 bp −$571137.7 bp −$13.8K734.4 bp −$367.2K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.1448%1h94.283+0.164%$200K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.926−0.214%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0241%1h94.179+0.055%$22K$23K10xas long as short
dYdX HYPE-USDlong−0.0164%1h94.128long leg$129K$31K5x
Ondo Perps HYPE-USD.P−0.0159%1h93.970−0.168%$710K$947K10xas long as short
Bullet HYPE-USD−0.0094%1h94.051−0.082%$112K$580K20xas long as short
Phemex HYPEUSDT−0.0089%8h94.102−0.027%$12.8M$2.6M50xas long as short
01 Exchange HYPEUSD−0.0080%1h94.029−0.105%$85K$361K20xas long as short
Hotstuff HYPE-PERPshort−0.0080%1h94.077−0.054%$3K$33125x
Bybit HYPEUSDT−0.0020%8h94.090−0.040%$323.2M$280.8M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_HYPE_USDC−0.0015%4h94.053−0.080%$160K$652K20xas long as short
Gate HYPE_USDT−0.0002%4h94.062−0.070%$44.5M$59.7M75xas long as short
Perpl HYPE0.0000%43m94.050−0.083%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h94.092−0.038%$27K—150xas long as short
Aster HYPEUSDT+0.0025%4h94.080−0.051%$8.9M$36.1M300xas long as short
Phoenix HYPE+0.0034%1h94.342+0.227%$219K$1.2M10xas long as short
MEXC HYPE_USDT+0.0050%4h94.108−0.021%$89.4M$82.5M100xas long as short
Binance HYPEUSDT+0.0051%4h94.114−0.015%$383.9M$893.6M75xas long as short
Derive HYPE-PERP+0.0056%1h94.034−0.099%$16.4M$7.3M10xas long as short
edgeX HYPEUSDC+0.0061%4h94.240+0.119%$5.1M$29.9M30xas long as short
OKX HYPE-USDT-SWAP+0.0081%8h94.102−0.027%$116.0M$319.0M50xas long as short
Lighter HYPE+0.0096%1h94.124−0.004%$19.0M$59.0M20xas long as short
Lighter RH HYPE+0.0096%1h94.100−0.030%$3.0M$12.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.018−0.117%$66K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h94.068−0.063%$400K$188K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h94.098−0.032%$342K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h94.040−0.093%$26K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.993−0.144%$6.6M$44.8M10xas long as short
Hyperliquid HYPE+0.0100%1h94.182+0.057%$2.05B$677.1M10xas long as short
Pacifica HYPE+0.0100%1h94.075−0.056%$10.2M$14.6M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.116−0.013%$46.6M$18.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h94.112−0.017%$228.2M$100.9M75xas long as short
BingX HYPE-USDT+0.0100%4h94.071−0.060%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.088−0.042%$7.7M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h94.220+0.098%$31.8M$54.0M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.271+0.152%$7.6M$45.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.252+0.132%$341K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h94.205+0.082%$682K$2.5M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.094−0.036%$480K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h94.069−0.063%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h94.150+0.023%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.071−0.060%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h94.120−0.008%$205K$4K10xas long as short
Vest HYPE-PERP+0.0100%1h94.102−0.027%—$248K5xas long as short
Extended HYPE-USD+0.0104%1h94.082−0.049%$18.8M$44.5M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h94.070−0.061%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.490+0.385%$31K$338K12xas long as short
BloFin HYPE-USDT+0.0206%4h94.147+0.020%$17.0M$12.2M75xas long as short
Kalshi KXHYPEPERP+0.0217%8h94.109−0.020%$1.9M$5.1M2.3xas long as short
RISEx HYPE/USDC+0.0222%1h94.044−0.089%$2.8M$6.7M20xas long as short
Reya HYPERUSDPERP+0.0251%1h94.064−0.068%$79K$146K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0152%1h94.098−0.031%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0398%1h94.165+0.039%$7.5M$4.7M50xas long as short
HTX HYPE-USDT+0.0435%4h94.230+0.108%$1.5M$6.3M75xas long as short
Kraken Futures PF_HYPEUSD+0.0671%1h94.165+0.040%$21.0M$29.7M50xas long as short