Funding you earn now, next payment 01:00 UTC−0.1328%/8h= −145.4% APRnext payment −$1.66 per $10,000 · paid last 24h −0.163%
Price spread now: Hibachi against Hotstuff−0.064%7-day average — · you buy dearer than you sell
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
=Together, before fees—+ Points / potential airdropHotstuff: Active · Hibachi: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$40 a day on $10k at the current rate, and Hibachi is 0.064% cheaper against Hotstuff than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff HYPE-PERP | 93.908 | −0.0080 | get 0.0010% / 1h | 52m 45s | $3K | $331 | 25x |
| Short | Hibachi HYPE/USDT-P | 93.848 | −0.1408 | pay 0.0176% / 1h | 52m 45s | $199K | $228K | 7x |
Hotstuff HYPE-PERP
Hibachi HYPE/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi 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
- −$278.88
- Price spread: −0.064% → 0.000%
- −$6.39
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$299.27
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Hotstuff: no order-book sample; Hibachi: live order book, 21 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 Hibachi live order book, 21 min ago | 12.88 bp | 17.4 bp −$17 | 31.7 bp −$317 | 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-Pshort | −0.1408% | 1h | 93.848 | −0.064% | $199K | $228K | 7x | |
| Arcus HYPE-USD | −0.0625% | 1h | 93.892 | −0.017% | $1.2M | $3.8M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0306% | 1h | 93.942 | +0.037% | $22K | $22K | 10x | as long as short |
| Phemex HYPEUSDT | −0.0266% | 8h | 93.938 | +0.032% | $12.8M | $2.6M | 50x | as long as short |
| ApeX Omni HYPEUSDT | −0.0224% | 1h | 93.928 | +0.021% | $340K | $1.1M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0152% | 1h | 93.940 | +0.034% | $705K | $927K | 10x | as long as short |
| dYdX HYPE-USD | −0.0120% | 1h | 93.913 | +0.005% | $128K | $29K | 5x | as long as short |
| Bullet HYPE-USD | −0.0117% | 1h | 93.987 | +0.084% | $113K | $580K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0104% | 1h | 94.021 | +0.120% | $86K | $364K | 20x | as long as short |
| Bybit HYPEUSDT | −0.0086% | 8h | 93.980 | +0.077% | $323.3M | $283.3M | 75x | as long as short |
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Phemex HYPEUSDT
ApeX Omni HYPEUSDT
Ondo Perps HYPE-USD.P
dYdX HYPE-USD
Bullet HYPE-USD
01 Exchange HYPEUSD
Bybit HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HYPE_USDT | −0.0084% | 4h | 93.993 | +0.091% | $44.5M | $58.9M | 75x | as long as short |
| Hotstuff HYPE-PERPlong | −0.0080% | 1h | 93.908 | long leg | $3K | $331 | 25x | |
| Orderly PERP_HYPE_USDC | −0.0008% | 4h | 93.975 | +0.071% | $169K | $594K | 20x | as long as short |
| Derive HYPE-PERP | −0.0007% | 1h | 93.921 | +0.014% | $16.4M | $7.2M | 10x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.017 | +0.117% | $23K | $329K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 94.007 | +0.106% | $27K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0014% | 4h | 93.985 | +0.082% | $8.9M | $36.1M | 300x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.829 | −0.084% | $218K | $1.2M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0038% | 4h | 94.010 | +0.109% | $88.2M | $81.9M | 100x | as long as short |
| Binance HYPEUSDT | +0.0039% | 4h | 94.012 | +0.111% | $383.8M | $897.4M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0062% | 4h | 93.918 | +0.011% | $5.1M | $29.7M | 30x | as long as short |
| Popdex HYPEUSDT | +0.0072% | 1h | 94.010 | +0.109% | $60K | $1.2M | 50x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0083% | 8h | 93.990 | +0.087% | $116.0M | $321.4M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0088% | 1h | 94.023 | +0.122% | $400K | $191K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.016 | +0.115% | $18.9M | $58.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.003 | +0.101% | $3.1M | $12.0M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 94.033 | +0.133% | $342K | $171K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.990 | +0.087% | $39K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.005 | +0.104% | $6.6M | $44.9M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.087 | +0.190% | $2.05B | $675.5M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.961 | +0.056% | $10.1M | $14.6M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.012 | +0.111% | $46.6M | $18.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.996 | +0.094% | $227.7M | $101.7M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.988 | +0.085% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.019 | +0.118% | $7.7M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.832 | −0.081% | $31.2M | $54.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.944 | +0.038% | $7.6M | $45.4M | 10x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.838 | −0.075% | $679K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.012 | +0.111% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.040 | +0.141% | $481K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.982 | +0.079% | $76K | $171K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.049 | +0.150% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.953 | +0.048% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.944 | +0.038% | $205K | $6K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.961 | +0.056% | $18.4M | $42.4M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 94.020 | +0.119% | $4.9M | $5.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0156% | 4h | 93.963 | +0.059% | $17.0M | $12.4M | 75x | as long as short |
| Kalshi KXHYPEPERP | +0.0164% | 8h | 94.002 | +0.100% | $1.9M | $5.1M | 2.3x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 94.150 | +0.258% | $31K | $338K | 12x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 94.056 | +0.158% | $2.8M | $6.8M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0250% | 1h | 93.994 | +0.092% | $77K | $145K | 15x | as long as short |
| HTX HYPE-USDT | +0.0329% | 4h | 94.150 | +0.258% | $1.5M | $7.4M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0338% / S −0.0157% | 1h | 94.028 | +0.128% | $1.5M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0527% | 1h | 94.072 | +0.175% | $7.5M | $4.7M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0671% | 1h | 94.063 | +0.165% | $21.1M | $29.5M | 50x | as long as short |
Gate HYPE_USDT
Orderly PERP_HYPE_USDC
Derive HYPE-PERP
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Phoenix HYPE
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
Popdex HYPEUSDT
OKX HYPE-USDT-SWAP
Aevo HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
BloFin HYPE-USDT
Kalshi KXHYPEPERP
Injective HYPE/USDC PERP
RISEx HYPE/USDC
Reya HYPERUSDPERP
HTX HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD