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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Alert: spread
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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 23:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.023%
Price spread now: Hotstuff against Gate+0.029%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on GateShort 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 0.029% dearer against Gate than usual: you sell high and buy low (spread +0.029% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 19 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate HYPE_USDT93.0190.0040pay 0.0020% / 4h1h 31m$43.8M$58.2M75x
ShortHotstuff HYPE-PERP93.046−0.0080pay 0.0010% / 1h31m 12s$3K$33125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Gate. 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
−$25.2
Price spread: +0.029% → 0.000%
$2.9
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$42.3
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Gate: 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
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 3 min ago0.70 bp10.8 bp −$1114.7 bp −$14735.5 bp −$3,55458.2 bp −$29.1K
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
Aftermath Perps HYPEUSD−0.0392%1h93.095+0.082%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0240%1h93.053+0.037%$196K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h92.986−0.035%$1.2M$4.0M10xas long as short
Ondo Perps HYPE-USD.P−0.0125%1h92.950−0.074%$698K$924K10xas long as short
Hotstuff HYPE-PERPshort−0.0080%1h93.046+0.029%$3K$33125x
01 Exchange HYPEUSD−0.0024%1h93.033+0.015%$90K$362K20xas long as short
Popdex HYPEUSDT−0.0016%1h93.026+0.008%$57K$1.2M50xas long as short
Aster HYPEUSDT−0.0003%4h93.000−0.020%$8.8M$36.0M300xas long as short
dYdX HYPE-USD0.0000%1h93.124+0.112%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.063+0.048%$23K$331K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.044+0.027%$20K—150xas long as short
Bybit HYPEUSDT+0.0024%8h92.920−0.106%$322.5M$287.2M75xas long as short
Orderly PERP_HYPE_USDC+0.0027%4h92.974−0.048%$171K$518K20xas long as short
Bullet HYPE-USD+0.0028%1h93.009−0.010%$111K$579K20xas long as short
Derive HYPE-PERP+0.0033%1h92.935−0.090%$16.2M$7.1M10xas long as short
Phoenix HYPE+0.0034%1h93.118+0.106%$214K$1.2M10xas long as short
Gate HYPE_USDTlong+0.0040%4h93.019long leg$43.8M$58.2M75x
Binance HYPEUSDT+0.0073%4h92.956−0.067%$381.9M$894.4M75xas long as short
MEXC HYPE_USDT+0.0076%4h93.025+0.006%$89.9M$81.9M100xas long as short
edgeX HYPEUSDC+0.0086%4h93.085+0.071%$5.1M$29.6M30xas long as short
Lighter HYPE+0.0096%1h92.999−0.021%$18.5M$58.8M20xas long as short
Lighter RH HYPE+0.0096%1h92.975−0.047%$3.1M$12.1M20xas long as short
Paradex HYPE-USD-PERP+0.0098%8h93.038+0.021%$338K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.050+0.033%$34K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.025+0.007%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.049+0.032%$2.02B$670.7M10xas long as short
Pacifica HYPE+0.0100%1h93.042+0.025%$10.0M$14.3M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h92.922−0.104%$113.7M$313.4M50xas long as short
Bulk HYPE-USD+0.0100%1h93.390+0.399%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.058+0.042%$47.0M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h92.966−0.057%$225.3M$103.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.001−0.019%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.049+0.032%$7.8M$11.1M20xas long as short
Variational Omni HYPE+0.0100%8h93.034+0.016%$29.0M$50.5M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.144+0.135%$7.5M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.095+0.082%$412K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.031+0.013%$673K$2.5M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.044+0.027%$492K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.964−0.059%$75K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.038+0.020%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.948−0.076%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h92.967−0.056%$12.7M$2.6M50xas long as short
Vest HYPE-PERP+0.0100%1h93.058+0.042%—$454K5xas long as short
Extended HYPE-USD+0.0104%1h92.931−0.094%$18.2M$42.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.013−0.007%$396K$318K20xas long as short
Kalshi KXHYPEPERP+0.0109%8h93.103+0.090%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.020+0.001%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h92.950−0.074%$30K$338K12xas long as short
HTX HYPE-USDT+0.0245%4h93.158+0.149%$1.5M$7.7M75xas long as short
Reya HYPERUSDPERP+0.0247%1h92.999−0.022%$77K$158K15xas long as short
RISEx HYPE/USDC+0.0280%1h93.081+0.066%$2.7M$6.8M20xas long as short
BloFin HYPE-USDT+0.0293%4h92.998−0.023%$16.9M$12.4M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0158%1h93.040+0.023%$1.5M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0460%1h93.068+0.053%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0467%1h93.057+0.041%$20.8M$28.9M50xas long as short