Funding you earn now, next payment 02:00 UTC+0.0590%/8h= +64.6% APRnext payment +$0.74 per $10,000 · paid last 24h +0.079%
Price spread now: Deribit against Hotstuff+0.025%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Deribit is 0.025% dearer against Hotstuff than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff HYPE-PERP | 93.453 | −0.0080 | get 0.0010% / 1h | 47m 46s | $3K | $331 | 25x |
| Short | Deribit HYPE_USDC-PERPETUAL | 93.476 | 0.0510 | get 0.0064% / 1h | 47m 46s | $7.5M | $4.5M | 50x |
Hotstuff HYPE-PERP
Deribit HYPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Hotstuff. 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
- $123.9
- Price spread: +0.025% → 0.000%
- $2.46
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $114.36
- Costs to cover
- 0.120%
- Break-even
- 0.5 days
Slippage unknown: Hotstuff: no order-book sample; Deribit: live order book, 1 min ago. 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 1 min ago | 2.09 bp | 7.6 bp −$8 | 13.4 bp −$134 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1064% | 1h | 93.383 | −0.074% | $197K | $229K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 93.226 | −0.243% | $1.2M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0180% | 1h | 93.379 | −0.079% | $22K | $21K | 10x | as long as short |
| Backpack HYPE_USDC_PERP | −0.0133% | 1h | 93.339 | −0.122% | $7.8M | $10.6M | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0107% | 1h | 93.450 | −0.003% | $699K | $979K | 10x | as long as short |
| Gate HYPE_USDT | −0.0082% | 4h | 93.362 | −0.097% | $44.3M | $53.8M | 75x | as long as short |
| Hotstuff HYPE-PERPlong | −0.0080% | 1h | 93.453 | long leg | $3K | $331 | 25x | |
| 01 Exchange HYPEUSD | −0.0072% | 1h | 93.337 | −0.124% | $85K | $361K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0057% | 8h | 93.340 | −0.121% | $12.7M | $2.7M | 50x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0050% | 4h | 93.324 | −0.138% | $158K | $646K | 20x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Backpack HYPE_USDC_PERP
Ondo Perps HYPE-USD.P
Gate HYPE_USDT
01 Exchange HYPEUSD
Phemex HYPEUSDT
Orderly PERP_HYPE_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | −0.0025% | 4h | 93.394 | −0.064% | $8.9M | $36.2M | 300x | as long as short |
| ApeX Omni HYPEUSDT | −0.0006% | 1h | 93.312 | −0.151% | $337K | $1.1M | 50x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.427 | −0.028% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.368 | −0.091% | $22K | $333K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.387 | −0.071% | $26K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0014% | 4h | 93.374 | −0.085% | — | $54.2M | — | as long as short |
| Bybit HYPEUSDT | +0.0021% | 8h | 93.360 | −0.100% | $319.4M | $283.0M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0038% | 4h | 93.103 | −0.374% | $5.0M | $29.8M | 30x | as long as short |
| MEXC HYPE_USDT | +0.0042% | 4h | 93.378 | −0.080% | $88.3M | $82.2M | 100x | as long as short |
| Bullet HYPE-USD | +0.0045% | 1h | 93.363 | −0.096% | $111K | $579K | 20x | as long as short |
| Binance HYPEUSDT | +0.0047% | 4h | 93.372 | −0.087% | $380.6M | $904.8M | 75x | as long as short |
| Bluefin HYPE-PERP | +0.0048% | 1h | 93.343 | −0.118% | $79K | $174K | 20x | as long as short |
| Derive HYPE-PERP | +0.0058% | 1h | 93.336 | −0.125% | $16.2M | $7.6M | 10x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.190 | −0.281% | $212K | $1.2M | 10x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0064% | 8h | 93.374 | −0.085% | $115.2M | $315.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0088% | 1h | 93.354 | −0.106% | $397K | $177K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.368 | −0.091% | $16.4M | $62.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.391 | −0.066% | $3.1M | $11.8M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.332 | −0.129% | $64K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.395 | −0.062% | $339K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.350 | −0.110% | $37K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.356 | −0.104% | $6.6M | $44.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.478 | +0.027% | $2.04B | $673.9M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.419 | −0.037% | $10.0M | $14.7M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.395 | −0.062% | $46.0M | $18.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.381 | −0.077% | $226.0M | $100.7M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.281 | −0.185% | $30.9M | $55.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.172 | −0.301% | $7.5M | $46.9M | 10x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.508 | +0.059% | $667K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.410 | −0.046% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.362 | −0.097% | $467K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.424 | −0.031% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.363 | −0.096% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.250 | −0.217% | $203K | $10K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.352 | −0.108% | $18.4M | $44.4M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.410 | −0.046% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 93.440 | −0.014% | $30K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0175% | 4h | 93.407 | −0.049% | $17.0M | $12.1M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.378 | −0.080% | $2.7M | $6.7M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0253% | 1h | 93.298 | −0.166% | $79K | $142K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0258% | 8h | 93.427 | −0.028% | $1.9M | $5.2M | 2.3x | as long as short |
| HTX HYPE-USDT | +0.0264% | 4h | 93.500 | +0.050% | $1.4M | $6.1M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0334% / S −0.0158% | 1h | 93.380 | −0.078% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUALshort | +0.0510% | 1h | 93.476 | +0.025% | $7.5M | $4.5M | 50x | |
| Kraken Futures PF_HYPEUSD | +0.0682% | 1h | 93.456 | +0.004% | $20.8M | $29.9M | 50x | as long as short |
Aster HYPEUSDT
ApeX Omni HYPEUSDT
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Bybit HYPEUSDT
edgeX HYPEUSDC
MEXC HYPE_USDT
Bullet HYPE-USD
Binance HYPEUSDT
Bluefin HYPE-PERP
Derive HYPE-PERP
Phoenix HYPE
OKX HYPE-USDT-SWAP
Aevo HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Variational Omni HYPE
GRVT HYPE_USDT_Perp
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
BloFin HYPE-USDT
RISEx HYPE/USDC
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
HTX HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD