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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 07:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.045%
Price spread now: MEXC against Hotstuff−0.041%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 MEXC
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. MEXC is 0.041% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 18 hours of funding at the current rate (+$5 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff HYPE-PERP94.214−0.0080get 0.0010% / 1h1m 47s$3K$33125x
ShortMEXC HYPE_USDT94.1750.0100get 0.0050% / 4h1h 01m$89.6M$85.5M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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
$37.8
Price spread: −0.041% → 0.000%
−$4.14
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee MEXC: 2 bp × 2 orders
−$4
Net
$24.66
Costs to cover
0.090%
Break-even
2.4 days
Slippage unknown: Hotstuff: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago0.05 bp2.1 bp −$23.5 bp −$3512.3 bp −$1,22636.8 bp −$18.4K
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
Hibachi HYPE/USDT-P−0.1088%1h94.070−0.153%$201K$235K7xas long as short
Aftermath Perps HYPEUSD−0.0171%1h94.256+0.044%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0097%1h94.180−0.036%$710K$1.2M10xas long as short
Bluefin HYPE-PERP−0.0086%1h94.176−0.040%$80K$155K20xas long as short
Hotstuff HYPE-PERPlong−0.0080%1h94.214long leg$3K$33125x
Bullet HYPE-USD−0.0078%1h94.223+0.010%$111K$578K20xas long as short
01 Exchange HYPEUSD−0.0056%1h94.252+0.040%$87K$366K20xas long as short
Orderly PERP_HYPE_USDC−0.0008%4h94.186−0.030%$146K$685K20xas long as short
Bybit HYPEUSDT−0.0007%8h94.140−0.079%$317.2M$289.5M75xas long as short
BingX HYPE-USDT−0.0006%4h94.177−0.039%—$53.5M—as long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX HYPE-USD0.0000%1h94.263+0.052%$129K$26K5xas long as short
Kalshi KXHYPEPERP0.0000%8h94.292+0.083%$1.8M$5.6M2.3xas long as short
Perpl HYPE0.0000%43m94.242+0.030%$19K$287K10xas long as short
Derive HYPE-PERP+0.0001%1h94.110−0.111%$16.4M$7.5M10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S 0.0000%1h94.250+0.038%$117K—150xas long as short
Phoenix HYPE+0.0017%1h94.230+0.017%$206K$1.1M10xas long as short
Bitget HYPEUSDT+0.0046%4h94.161−0.056%$226.5M$100.0M75xas long as short
Phemex HYPEUSDT+0.0054%8h94.205−0.010%$12.9M$2.9M50xas long as short
Paradex HYPE-USD-PERP+0.0064%8h94.247+0.035%$337K$156K20xas long as short
edgeX HYPEUSDC+0.0081%4h94.163−0.054%$5.0M$30.7M30xas long as short
Arcus HYPE-USD+0.0084%1h94.215+0.001%$1.0M$3.5M10xas long as short
OKX HYPE-USDT-SWAP+0.0091%8h94.145−0.073%$116.9M$321.4M50xas long as short
Lighter HYPE+0.0096%1h94.182−0.034%$16.3M$64.5M20xas long as short
Lighter RH HYPE+0.0096%1h94.192−0.023%$3.2M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.244+0.032%$79K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h94.250+0.038%$14K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h94.243+0.030%$7.3M$50.9M10xas long as short
Hyperliquid HYPE+0.0100%1h94.281+0.071%$2.07B$688.7M10xas long as short
Aster HYPEUSDT+0.0100%4h94.189−0.026%$8.8M$37.2M300xas long as short
Pacifica HYPE+0.0100%1h94.197−0.018%$10.1M$15.5M20xas long as short
Binance HYPEUSDT+0.0100%4h94.159−0.058%$376.8M$932.6M75xas long as short
Bulk HYPE-USD+0.0100%1h94.183−0.033%$217K$15K10xas long as short
Gate HYPE_USDT+0.0100%4h94.167−0.050%$49.4M$57.2M75xas long as short
MEXC HYPE_USDTshort+0.0100%4h94.175−0.041%$89.6M$85.5M100x
KuCoin HYPEUSDTM+0.0100%4h94.172−0.045%$46.9M$18.6M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.177−0.039%$7.6M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h94.239+0.026%$29.1M$55.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.188−0.027%$7.6M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.175−0.041%$347K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h94.172−0.045%$681K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h94.286+0.077%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.249+0.037%$495K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h94.314+0.106%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.199−0.016%$2.1M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h94.391+0.188%$1.4M$6.8M75xas long as short
Extended HYPE-USD+0.0104%1h94.149−0.069%$18.3M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h94.210−0.005%$398K$159K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h94.240+0.028%$4.7M$6.2M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0151% / S +0.0023%1h94.262+0.051%$1.4M—100xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.150−0.068%$30K$340K12xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0227%1h94.297+0.088%$7.5M$4.3M50xas long as short
Reya HYPERUSDPERP+0.0272%1h94.201−0.013%$82K$134K15xas long as short
BloFin HYPE-USDT+0.0340%4h94.215+0.001%$17.0M$12.3M75xas long as short
Kraken Futures PF_HYPEUSD+0.0413%1h94.264+0.053%$20.2M$30.3M50xas long as short
RISEx HYPE/USDC+0.0559%1h94.271+0.061%$3.2M$6.4M20xas long as short