HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0230%/8h= +25.2% APRnext payment +$0.29 per $10,000 · paid last 24h +0.116%

Price spread now: Injective against Hotstuff−0.022%7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 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. Injective is 0.022% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 7 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff HYPE-PERP	92.610	−0.0080	get 0.0010% / 1h	24m 43s	$3K	$331	25x
Short	Injective HYPE/USDC PERP	92.590	0.0150	get 0.0019% / 1h	24m 43s	$30K	$339K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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

Position, each leg$Hold fordaysFee HotstuffbpFee InjectivebpOrdersPrice spread, now −0.022%Rate

Funding earned: $48.4
Price spread: −0.022% → 0.000%: −$2.16
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $41.22
Costs to cover: 0.050%
Break-even: 1.0 days

Slippage unknown: Hotstuff: no order-book sample; Injective: live order book, 34 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 Injective live order book, 34 min ago	14.57 bp	3718.7 bp −$3,719	doesn't fit	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
Arcus HYPE-USD	−0.0948%	1h	92.574	−0.039%	$1.1M	$3.9M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0264%	1h	92.630	+0.021%	$194K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0213%	1h	92.594	−0.018%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERPlong	−0.0080%	1h	92.610	long leg	$3K	$331	25x
Orderly PERP_HYPE_USDC	−0.0065%	4h	92.670	+0.065%	$157K	$666K	20x	as long as short
01 Exchange HYPEUSD	−0.0032%	1h	92.699	+0.096%	$87K	$359K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.674	+0.070%	$127K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.692	+0.088%	$22K	$307K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.718	+0.116%	$62K	—	150x	as long as short
Ondo Perps HYPE-USD.P	+0.0022%	1h	92.640	+0.032%	$697K	$1.1M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex HYPEUSDT	+0.0024%	8h	92.693	+0.090%	$12.5M	$2.7M	50x	as long as short
Bullet HYPE-USD	+0.0028%	1h	92.680	+0.076%	$110K	$578K	20x	as long as short
Aster HYPEUSDT	+0.0032%	4h	92.704	+0.102%	$8.7M	$36.3M	300x	as long as short
BingX HYPE-USDT	+0.0040%	4h	92.707	+0.105%	—	$53.4M	—	as long as short
Phoenix HYPE	+0.0043%	1h	92.652	+0.045%	$210K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0051%	8h	92.670	+0.065%	$316.6M	$282.1M	75x	as long as short
Gate HYPE_USDT	+0.0080%	4h	92.691	+0.087%	$44.5M	$55.2M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0085%	8h	92.720	+0.119%	$113.5M	$304.5M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0093%	8h	92.674	+0.069%	$339K	$163K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.712	+0.110%	$16.0M	$62.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.729	+0.128%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	92.672	+0.067%	$69K	$1.1M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.600	−0.011%	$38K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.629	+0.021%	$6.4M	$44.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.738	+0.138%	$2.02B	$662.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.684	+0.080%	$10.0M	$15.1M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.699	+0.096%	$372.1M	$903.9M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.298	−0.336%	$201K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.715	+0.113%	$87.5M	$80.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.699	+0.096%	$46.0M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.706	+0.104%	$224.7M	$98.3M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.660	+0.054%	$7.3M	$11.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.628	+0.019%	$28.5M	$57.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.667	+0.061%	$7.5M	$46.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.687	+0.083%	$349K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.632	+0.024%	$663K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.718	+0.116%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.685	+0.081%	$465K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.667	+0.062%	$78K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.670	+0.065%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.639	+0.031%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.681	+0.077%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.837	+0.245%	$1.4M	$6.2M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.679	+0.075%	$18.1M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.695	+0.092%	$392K	$164K	20x	as long as short
edgeX HYPEUSDC	+0.0107%	4h	92.611	+0.001%	$5.0M	$29.5M	30x	as long as short
Injective HYPE/USDC PERPshort	+0.0150%	1h	92.590	−0.022%	$30K	$339K	12x
Coinbase International HYPE-PERP-INTX	+0.0160%	1h	92.710	+0.108%	$4.7M	$5.5M	50x	as long as short
Kalshi KXHYPEPERP	+0.0244%	8h	92.727	+0.126%	$1.8M	$5.4M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0262%	1h	92.693	+0.089%	$79K	$137K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0154%	1h	92.702	+0.099%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0332%	1h	92.748	+0.149%	$20.6M	$30.5M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.668	+0.063%	$16.6M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0408%	1h	92.775	+0.178%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0687%	1h	92.704	+0.102%	$3.1M	$6.4M	20x	as long as short