HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0952%/8h= +104.2% APRnext payment +$1.19 per $10,000 · paid last 24h +0.165%

Price spread now: Hotstuff against Hibachi−0.039%7-day average — · you buy dearer than you sell

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

Long on Hibachi 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 airdropHibachi: Active · Hotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.039% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$29 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi HYPE/USDT-P	93.783	−0.1032	get 0.0129% / 1h	19m 22s	$197K	$229K	7x
Short	Hotstuff HYPE-PERP	93.746	−0.0080	pay 0.0010% / 1h	19m 22s	$3K	$331	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Hibachi. 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 HibachibpFee HotstuffbpOrdersPrice spread, now −0.039%Rate

Funding earned: $199.92
Price spread: −0.039% → 0.000%: −$3.91
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $182.01
Costs to cover: 0.140%
Break-even: 0.6 days

Slippage unknown: Hibachi: live order book, 50 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 Hibachi live order book, 50 min ago	20.74 bp	25.2 bp −$25	44.6 bp −$446	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-Plong	−0.1032%	1h	93.783	long leg	$197K	$229K	7x
Arcus HYPE-USD	−0.0786%	1h	93.594	−0.201%	$1.2M	$3.8M	10x	as long as short
Phemex HYPEUSDT	−0.0118%	8h	93.762	−0.022%	$12.7M	$2.7M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0093%	1h	93.804	+0.022%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0080%	1h	93.640	−0.152%	$702K	$921K	10x	as long as short
Hotstuff HYPE-PERPshort	−0.0080%	1h	93.746	−0.039%	$3K	$331	25x
Orderly PERP_HYPE_USDC	−0.0057%	4h	93.678	−0.112%	$156K	$646K	20x	as long as short
01 Exchange HYPEUSD	−0.0048%	1h	93.717	−0.070%	$85K	$350K	20x	as long as short
Backpack HYPE_USDC_PERP	−0.0036%	1h	93.701	−0.087%	$7.8M	$10.3M	20x	as long as short
Gate HYPE_USDT	−0.0030%	4h	93.674	−0.116%	$44.4M	$55.1M	75x	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	93.699	−0.089%	$8.8M	$35.8M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.756	−0.028%	$129K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.739	−0.047%	$22K	$325K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.698	−0.090%	$26K	—	150x	as long as short
Bybit HYPEUSDT	+0.0003%	8h	93.670	−0.120%	$321.7M	$280.6M	75x	as long as short
BingX HYPE-USDT	+0.0004%	4h	93.670	−0.120%	—	$53.6M	—	as long as short
Phoenix HYPE	+0.0060%	1h	93.885	+0.109%	$213K	$1.2M	10x	as long as short
Bullet HYPE-USD	+0.0061%	1h	93.693	−0.096%	$111K	$577K	20x	as long as short
MEXC HYPE_USDT	+0.0066%	4h	93.687	−0.102%	$89.0M	$83.2M	100x	as long as short
Binance HYPEUSDT	+0.0067%	4h	93.694	−0.094%	$381.0M	$890.2M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0068%	8h	93.720	−0.067%	$115.2M	$307.6M	50x	as long as short
edgeX HYPEUSDC	+0.0072%	4h	93.783	0.000%	$5.1M	$30.0M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0096%	8h	93.751	−0.033%	$341K	$164K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.742	−0.043%	$16.4M	$62.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.735	−0.051%	$3.1M	$11.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.703	−0.085%	$67K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.714	−0.073%	$399K	$175K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.750	−0.035%	$21K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.707	−0.081%	$5.7M	$44.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.819	+0.039%	$2.05B	$665.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.742	−0.043%	$10.1M	$14.7M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.739	−0.047%	$46.4M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.720	−0.067%	$227.0M	$98.3M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.748	−0.037%	$31.1M	$54.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.837	+0.058%	$7.6M	$47.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.800	+0.018%	$339K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.773	−0.010%	$669K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.773	−0.011%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.742	−0.043%	$473K	$2.4M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.673	−0.117%	$79K	$171K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.699	−0.089%	$16.3M	$7.7M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.796	+0.014%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.701	−0.087%	$2.0M	$1.9M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.880	+0.104%	$204K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.672	−0.118%	$18.3M	$44.2M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0136%	1h	93.830	+0.050%	$4.9M	$5.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0137%	1h	93.740	−0.046%	$30K	$339K	12x	as long as short
HTX HYPE-USDT	+0.0198%	4h	93.873	+0.096%	$1.4M	$5.9M	75x	as long as short
RISEx HYPE/USDC	+0.0210%	1h	93.786	+0.004%	$3.2M	$7.0M	20x	as long as short
Reya HYPERUSDPERP	+0.0255%	1h	93.711	−0.076%	$80K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0278%	8h	93.786	+0.004%	$1.9M	$4.9M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0156%	1h	93.737	−0.049%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0390%	1h	93.806	+0.025%	$7.4M	$4.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0680%	1h	93.795	+0.013%	$20.9M	$29.8M	50x	as long as short