Funding you earn now, next payment 02:00 UTC−0.0176%/8h= −19.3% APRnext payment −$0.22 per $10,000 · paid last 24h −0.049%
Price spread now: Hotstuff against Popdex−0.086%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
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.086% cheaper against Popdex than usual: you would sell low and buy high (−$9 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 | Popdex HYPEUSDT | 93.294 | 0.0096 | pay 0.0012% / 1h | 44m 14s | $65K | $1.2M | 50x |
| Short | Hotstuff HYPE-PERP | 93.214 | −0.0080 | pay 0.0010% / 1h | 44m 14s | $3K | $331 | 25x |
Popdex HYPEUSDT
Hotstuff HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against Popdex. 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
- −$36.96
- Price spread: −0.086% → 0.000%
- −$8.58
- Slippage, 4 orders
- no order book: not counted
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$56.94
- Costs to cover
- 0.114%
- Break-even
- never at this rate
Slippage unknown: Popdex: live order book, 5 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 Popdex live order book, 5 min ago | 1.50 bp | 4.7 bp −$5 | 5.9 bp −$59 | 37.9 bp −$3,786 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1008% | 1h | 93.199 | −0.102% | $196K | $229K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 93.123 | −0.183% | $1.2M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0171% | 1h | 93.328 | +0.037% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0128% | 1h | 93.120 | −0.187% | $698K | $976K | 10x | as long as short |
| Backpack HYPE_USDC_PERP | −0.0106% | 1h | 93.338 | +0.047% | $7.8M | $10.4M | 20x | as long as short |
| Gate HYPE_USDT | −0.0090% | 4h | 93.348 | +0.058% | $44.2M | $54.0M | 75x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.300 | +0.006% | $84K | $361K | 20x | as long as short |
| Hotstuff HYPE-PERPshort | −0.0080% | 1h | 93.214 | −0.086% | $3K | $331 | 25x | |
| Orderly PERP_HYPE_USDC | −0.0054% | 4h | 93.305 | +0.012% | $156K | $652K | 20x | as long as short |
| Aster HYPEUSDT | −0.0034% | 4h | 93.313 | +0.020% | $8.9M | $36.3M | 300x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Backpack HYPE_USDC_PERP
Gate HYPE_USDT
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
Aster HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex HYPEUSDT | −0.0031% | 8h | 93.331 | +0.040% | $12.7M | $2.7M | 50x | as long as short |
| Bluefin HYPE-PERP | −0.0009% | 1h | 93.343 | +0.053% | $79K | $173K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.239 | −0.059% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.319 | +0.027% | $22K | $333K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.350 | +0.060% | $26K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0007% | 8h | 93.340 | +0.049% | $319.3M | $283.3M | 75x | as long as short |
| BingX HYPE-USDT | +0.0018% | 4h | 93.349 | +0.059% | — | $54.3M | — | as long as short |
| Binance HYPEUSDT | +0.0041% | 4h | 93.355 | +0.066% | $379.8M | $905.3M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0042% | 4h | 93.362 | +0.073% | $88.1M | $82.4M | 100x | as long as short |
| Bullet HYPE-USD | +0.0047% | 1h | 93.299 | +0.005% | $112K | $579K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0059% | 4h | 93.354 | +0.064% | $5.1M | $30.0M | 30x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.190 | −0.111% | $212K | $1.2M | 10x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0064% | 8h | 93.347 | +0.057% | $115.0M | $315.5M | 50x | as long as short |
| Derive HYPE-PERP | +0.0065% | 1h | 93.316 | +0.024% | $16.2M | $7.6M | 10x | as long as short |
| Aevo HYPE-PERP | +0.0088% | 1h | 93.370 | +0.082% | $397K | $177K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.371 | +0.082% | $16.4M | $62.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.361 | +0.072% | $3.1M | $11.8M | 20x | as long as short |
| Popdex HYPEUSDTlong | +0.0096% | 1h | 93.294 | long leg | $65K | $1.2M | 50x | |
| Paradex HYPE-USD-PERP | +0.0096% | 8h | 93.271 | −0.025% | $339K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.290 | −0.004% | $35K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.305 | +0.012% | $6.6M | $44.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.435 | +0.151% | $2.04B | $675.6M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.269 | −0.027% | $10.0M | $14.7M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.404 | +0.117% | $203K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.380 | +0.092% | $46.0M | $18.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.369 | +0.080% | $225.9M | $100.7M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.241 | −0.057% | $30.9M | $55.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.420 | +0.135% | $7.5M | $47.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.381 | +0.093% | $337K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.282 | −0.013% | $666K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.312 | +0.020% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.306 | +0.013% | $467K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.280 | −0.015% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.356 | +0.066% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.352 | +0.062% | $18.4M | $44.4M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.260 | −0.036% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 93.130 | −0.176% | $30K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0175% | 4h | 93.407 | +0.121% | $17.0M | $12.1M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.298 | +0.005% | $2.7M | $6.7M | 20x | as long as short |
| HTX HYPE-USDT | +0.0249% | 4h | 93.500 | +0.221% | $1.4M | $6.1M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0254% | 1h | 93.281 | −0.014% | $79K | $142K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0259% | 8h | 93.383 | +0.095% | $1.9M | $5.2M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0334% / S −0.0158% | 1h | 93.329 | +0.038% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0585% | 1h | 93.470 | +0.189% | $7.5M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0682% | 1h | 93.444 | +0.160% | $20.8M | $30.0M | 50x | as long as short |
Phemex HYPEUSDT
Bluefin HYPE-PERP
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
BingX HYPE-USDT
Binance HYPEUSDT
MEXC HYPE_USDT
Bullet HYPE-USD
edgeX HYPEUSDC
Phoenix HYPE
OKX HYPE-USDT-SWAP
Derive HYPE-PERP
Aevo HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
BloFin HYPE-USDT
RISEx HYPE/USDC
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD