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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 01:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.053%
Price spread now: StandX against Hotstuff−0.191%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 StandX
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 · StandX: Active · farm boardneeds both histories
Funding pays, the price is against you. StandX is 0.191% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.191% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 3.5 days of funding at the current rate (+$5 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff HYPE-PERP94.164−0.0080get 0.0010% / 1h27m 52s$3K$33125x
ShortStandX HYPE-USD93.9840.0100get 0.0013% / 1h27m 52s$680K$2.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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: −0.191% → 0.000%
−$19.12
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee StandX: 4 bp × 2 orders
−$8
Net
$5.68
Costs to cover
0.130%
Break-even
5.9 days
Slippage unknown: Hotstuff: no order-book sample; StandX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Hotstuff no order-book sample—————
Sell StandX live order book, 1 min ago1.33 bp5.3 bp −$55.6 bp −$5619.6 bp −$1,964doesn'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
Hibachi HYPE/USDT-P−0.1384%1h93.990−0.185%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h94.084−0.085%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0228%1h94.132−0.034%$22K$21K10xas long as short
Phemex HYPEUSDT−0.0155%8h94.112−0.055%$12.8M$2.6M50xas long as short
dYdX HYPE-USD−0.0143%1h94.131−0.035%$129K$31K5xas long as short
Ondo Perps HYPE-USD.P−0.0142%1h93.950−0.227%$706K$956K10xas long as short
Bullet HYPE-USD−0.0100%1h94.166+0.002%$113K$580K20xas long as short
01 Exchange HYPEUSD−0.0080%1h94.137−0.029%$86K$359K20xas long as short
Hotstuff HYPE-PERPlong−0.0080%1h94.164long leg$3K$33125x
Bybit HYPEUSDT−0.0019%8h94.096−0.072%$323.2M$280.6M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_HYPE_USDC−0.0018%4h94.126−0.040%$160K$645K20xas long as short
Perpl HYPE0.0000%43m94.187+0.024%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h94.174+0.011%$27K—150xas long as short
Aster HYPEUSDT+0.0017%4h94.127−0.039%$8.9M$36.1M300xas long as short
Gate HYPE_USDT+0.0018%4h94.113−0.054%$44.5M$59.8M75xas long as short
Phoenix HYPE+0.0034%1h94.121−0.046%$219K$1.2M10xas long as short
Derive HYPE-PERP+0.0040%1h94.109−0.059%$16.5M$7.3M10xas long as short
Binance HYPEUSDT+0.0048%4h94.125−0.041%$383.9M$893.4M75xas long as short
MEXC HYPE_USDT+0.0048%4h94.121−0.046%$89.3M$82.7M100xas long as short
edgeX HYPEUSDC+0.0068%4h94.068−0.102%$5.1M$30.0M30xas long as short
OKX HYPE-USDT-SWAP+0.0078%8h94.117−0.050%$116.1M$318.6M50xas long as short
Lighter HYPE+0.0096%1h94.162−0.002%$19.2M$59.8M20xas long as short
Lighter RH HYPE+0.0096%1h94.159−0.005%$3.0M$12.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.132−0.034%$66K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h94.134−0.032%$400K$180K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h94.241+0.082%$342K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h94.110−0.057%$26K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h94.177+0.013%$6.6M$44.8M10xas long as short
Hyperliquid HYPE+0.0100%1h94.217+0.056%$2.05B$677.3M10xas long as short
Pacifica HYPE+0.0100%1h94.190+0.028%$10.2M$14.6M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.120−0.047%$46.6M$18.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h94.116−0.051%$228.2M$100.9M75xas long as short
BingX HYPE-USDT+0.0100%4h94.114−0.053%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.133−0.033%$7.7M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h94.030−0.142%$31.5M$54.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.088−0.081%$7.6M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.209+0.048%$341K$1.1M50xas long as short
StandX HYPE-USDshort+0.0100%1h93.984−0.191%$680K$2.6M20x
Vest HYPE-PERP+0.0100%1h94.159−0.006%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.187+0.024%$481K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h94.151−0.014%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h94.206+0.045%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.153−0.012%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h94.151−0.014%$205K$2K10xas long as short
Extended HYPE-USD+0.0104%1h94.097−0.071%$18.8M$44.5M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h94.030−0.142%$4.9M$5.5M50xas long as short
BloFin HYPE-USDT+0.0192%4h94.018−0.155%$17.0M$12.2M75xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.490+0.346%$31K$338K12xas long as short
RISEx HYPE/USDC+0.0222%1h94.187+0.024%$2.8M$6.7M20xas long as short
Kalshi KXHYPEPERP+0.0224%8h94.173+0.010%$1.9M$5.1M2.3xas long as short
Reya HYPERUSDPERP+0.0251%1h94.165+0.001%$79K$142K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0334% / S −0.0155%1h94.194+0.032%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0419%1h94.253+0.095%$7.5M$4.7M50xas long as short
HTX HYPE-USDT+0.0421%4h94.350+0.198%$1.5M$6.3M75xas long as short
Kraken Futures PF_HYPEUSD+0.0670%1h94.248+0.089%$21.0M$29.7M50xas long as short