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: Hotstuff against Injective−0.747%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Hotstuff is 0.747% cheaper against Injective than usual: you would sell low and buy high (−$75 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 | Injective HYPE/USDC PERP | 93.000 | 0.0150 | pay 0.0019% / 1h | 41m 01s | $30K | $339K | 12x |
| Short | Hotstuff HYPE-PERP | 92.305 | −0.0080 | pay 0.0010% / 1h | 41m 01s | $3K | $331 | 25x |
Injective HYPE/USDC PERP
Hotstuff HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Injective. 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
- −$48.4
- Price spread: −0.747% → 0.000%
- −$74.73
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$128.15
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Injective: live order book, 18 min ago; Hotstuff: no order-book sample. 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 Injective live order book, 18 min ago | 14.57 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
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 | 92.226 | −0.832% | $1.2M | $3.8M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0520% | 1h | 92.314 | −0.737% | $193K | $229K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0170% | 1h | 92.291 | −0.762% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0120% | 1h | 92.308 | −0.744% | $85K | $355K | 20x | as long as short |
| Hotstuff HYPE-PERPshort | −0.0080% | 1h | 92.305 | −0.747% | $3K | $331 | 25x | |
| Orderly PERP_HYPE_USDC | −0.0069% | 4h | 92.270 | −0.785% | $157K | $663K | 20x | as long as short |
| Bullet HYPE-USD | −0.0062% | 1h | 92.271 | −0.784% | $110K | $579K | 20x | as long as short |
| Aster HYPEUSDT | −0.0007% | 4h | 92.309 | −0.743% | $8.7M | $36.4M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.312 | −0.739% | $127K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.261 | −0.795% | $22K | $310K | 10x | as long as short |
Arcus HYPE-USD
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
Aster HYPEUSDT
dYdX HYPE-USD
Perpl HYPEShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.296 | −0.757% | $61K | — | 150x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0020% | 1h | 92.240 | −0.817% | $695K | $1.1M | 10x | as long as short |
| BingX HYPE-USDT | +0.0030% | 4h | 92.330 | −0.720% | — | $53.3M | — | as long as short |
| Phoenix HYPE | +0.0043% | 1h | 92.246 | −0.811% | $209K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0052% | 8h | 92.400 | −0.645% | $316.0M | $281.2M | 75x | as long as short |
| Gate HYPE_USDT | +0.0058% | 4h | 92.358 | −0.690% | $44.3M | $54.9M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0066% | 8h | 92.321 | −0.730% | $12.5M | $2.7M | 50x | as long as short |
| Derive HYPE-PERP | +0.0070% | 1h | 92.270 | −0.785% | $16.0M | $7.5M | 10x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0077% | 8h | 92.413 | −0.631% | $112.9M | $302.3M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0080% | 4h | 92.326 | −0.725% | $87.1M | $80.5M | 100x | as long as short |
| Binance HYPEUSDT | +0.0081% | 4h | 92.390 | −0.656% | $370.4M | $900.0M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0089% | 4h | 92.287 | −0.766% | $4.9M | $29.5M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0091% | 8h | 92.331 | −0.719% | $338K | $163K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.320 | −0.731% | $16.0M | $62.4M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.310 | −0.742% | $3.1M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 92.298 | −0.755% | $68K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.260 | −0.796% | $29K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.291 | −0.762% | $6.1M | $43.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.377 | −0.670% | $2.01B | $665.4M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.320 | −0.731% | $10.0M | $15.0M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.245 | −0.812% | $201K | $13K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.313 | −0.739% | $45.8M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.418 | −0.626% | $224.2M | $98.4M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.320 | −0.731% | $7.4M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.258 | −0.798% | $28.3M | $57.4M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.209 | −0.851% | $7.5M | $45.9M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.186 | −0.875% | $337K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.325 | −0.726% | $663K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.324 | −0.727% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.292 | −0.761% | $475K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.271 | −0.784% | $78K | $169K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.330 | −0.720% | $31K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.306 | −0.746% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 92.404 | −0.641% | $1.4M | $6.2M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.387 | −0.659% | $18.1M | $43.5M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.275 | −0.780% | $390K | $164K | 20x | as long as short |
| Injective HYPE/USDC PERPlong | +0.0150% | 1h | 93.000 | long leg | $30K | $339K | 12x | |
| Coinbase International HYPE-PERP-INTX | +0.0160% | 1h | 92.380 | −0.667% | $4.7M | $5.5M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0255% | 8h | 92.333 | −0.717% | $1.8M | $5.4M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0261% | 1h | 92.266 | −0.790% | $79K | $138K | 15x | as long as short |
| BloFin HYPE-USDT | +0.0321% | 4h | 92.305 | −0.747% | $16.7M | $11.5M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0330% / S −0.0154% | 1h | 92.301 | −0.751% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0333% | 1h | 92.355 | −0.693% | $20.5M | $30.4M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0487% | 1h | 92.391 | −0.655% | $7.5M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0687% | 1h | 92.374 | −0.673% | $3.1M | $6.4M | 20x | as long as short |
gTrade (Gains Network) HYPE/USD
Ondo Perps HYPE-USD.P
BingX HYPE-USDT
Phoenix HYPE
Bybit HYPEUSDT
Gate HYPE_USDT
Phemex HYPEUSDT
Derive HYPE-PERP
OKX HYPE-USDT-SWAP
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC