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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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Funding you earn now, next payment 23:00 UTC+0.0146%/8h= +16.0% APRpaid last 24h +0.047%
Price spread now: Binance against Hotstuff−0.037%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on HotstuffShort on Binance
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. Binance is 0.037% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.037% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 20 hours of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff HYPE-PERP92.980−0.0080get 0.0010% / 1h26m 22s$3K$33125x
ShortBinance HYPEUSDT92.9460.0066get 0.0033% / 4h1h 26m$381.3M$895.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Hotstuff. 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
$30.63
Price spread: −0.037% → 0.000%
−$3.66
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Binance: 5 bp × 2 orders
−$10
Net
$11.98
Costs to cover
0.150%
Break-even
4.3 days
Slippage unknown: Hotstuff: no order-book sample; Binance: live order book, 3 min ago. 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 Hotstuff no order-book sample—————
Sell Binance live order book, 3 min ago0.05 bp5.5 bp −$68.4 bp −$8416.8 bp −$1,679doesn't fit
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−0.0396%1h93.007+0.029%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0280%1h92.983+0.004%$196K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h92.885−0.102%$1.2M$4.0M10xas long as short
Ondo Perps HYPE-USD.P−0.0126%1h93.030+0.054%$698K$927K10xas long as short
Hotstuff HYPE-PERPlong−0.0080%1h92.980long leg$3K$33125x
01 Exchange HYPEUSD−0.0032%1h92.968−0.013%$90K$362K20xas long as short
Popdex HYPEUSDT−0.0016%1h92.954−0.028%$58K$1.2M50xas long as short
Aster HYPEUSDT−0.0006%4h92.961−0.020%$8.8M$36.0M300xas long as short
dYdX HYPE-USD0.0000%1h93.019+0.042%$127K$32K5xas long as short
Perpl HYPE0.0000%43m92.963−0.019%$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%1h92.993+0.014%$20K—150xas long as short
Bybit HYPEUSDT+0.0024%8h92.940−0.043%$322.3M$287.2M75xas long as short
Orderly PERP_HYPE_USDC+0.0024%4h92.961−0.020%$171K$518K20xas long as short
Derive HYPE-PERP+0.0033%1h92.990+0.010%$16.2M$7.1M10xas long as short
Phoenix HYPE+0.0034%1h93.033+0.057%$213K$1.2M10xas long as short
Gate HYPE_USDT+0.0046%4h92.956−0.026%$43.8M$58.5M75xas long as short
Bullet HYPE-USD+0.0058%1h92.945−0.037%$111K$580K20xas long as short
Binance HYPEUSDTshort+0.0066%4h92.946−0.037%$381.3M$895.2M75x
MEXC HYPE_USDT+0.0068%4h92.977−0.003%$89.9M$81.9M100xas long as short
edgeX HYPEUSDC+0.0086%4h92.948−0.034%$5.0M$29.6M30xas long as short
Lighter HYPE+0.0096%1h92.994+0.015%$18.5M$58.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.002+0.024%$3.1M$12.2M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.031+0.055%$396K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0098%8h92.942−0.041%$338K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h92.970−0.011%$34K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h92.957−0.025%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.016+0.039%$2.02B$673.6M10xas long as short
Pacifica HYPE+0.0100%1h92.963−0.018%$9.9M$14.3M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h92.954−0.028%$113.5M$313.7M50xas long as short
Bulk HYPE-USD+0.0100%1h93.030+0.054%$203K$8K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.995+0.016%$46.9M$19.0M75xas long as short
Bitget HYPEUSDT+0.0100%4h92.975−0.005%$225.3M$103.0M75xas long as short
BingX HYPE-USDT+0.0100%4h92.956−0.026%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.004+0.026%$7.8M$11.1M20xas long as short
Variational Omni HYPE+0.0100%8h93.003+0.025%$28.9M$50.6M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.985+0.006%$7.5M$45.9M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.976−0.004%$414K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.004+0.026%$673K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.005+0.027%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.988+0.009%$492K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.596+0.663%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.029+0.053%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.010+0.032%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.032+0.056%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h92.908−0.077%$18.2M$42.1M50xas long as short
Kalshi KXHYPEPERP+0.0110%8h93.057+0.083%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.090+0.118%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.230+0.269%$30K$338K12xas long as short
HTX HYPE-USDT+0.0241%4h93.168+0.202%$1.5M$7.7M75xas long as short
Reya HYPERUSDPERP+0.0247%1h92.942−0.041%$77K$158K15xas long as short
BloFin HYPE-USDT+0.0273%4h93.022+0.045%$16.9M$12.5M75xas long as short
RISEx HYPE/USDC+0.0280%1h92.993+0.014%$2.8M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0158%1h92.988+0.008%$1.5M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0405%1h93.126+0.157%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0466%1h93.125+0.156%$20.8M$29.0M50xas long as short