Funding you earn now, next payment 07:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.23 per $10,000 · paid last 24h −0.053%
Price spread now: Hotstuff against SoDEX−0.087%77s7-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 0.087% cheaper against SoDEX 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. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX HYPE-USD | 93.794 | 0.0100 | pay 0.0013% / 1h | 49m 30s | $2.0M | $1.9M | 10x |
| Short | Hotstuff HYPE-PERP | 93.712 | −0.0080 | pay 0.0010% / 1h | 49m 30s | $3K | $331 | 25x |
SoDEX HYPE-USD
Hotstuff HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against SoDEX. 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
- −$37.8
- Price spread: −0.087% → 0.000%
- −$8.74
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$59.54
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: SoDEX: live order book, 4 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 SoDEX live order book, 4 min ago | 0.32 bp | 6.5 bp −$7 | 13.1 bp −$131 | 102.1 bp −$10.2K | 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 | −0.1160% | 1h | 93.719 | −0.080% | $199K | $242K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0262% | 1h | 93.860 | +0.070% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0106% | 1h | 93.760 | −0.036% | $706K | $1.2M | 10x | as long as short |
| Hotstuff HYPE-PERPshort | −0.0080% | 1h | 93.712 | −0.087% | $3K | $331 | 25x | |
| 01 Exchange HYPEUSD | −0.0064% | 1h | 93.687 | −0.114% | $86K | $372K | 20x | as long as short |
| Bullet HYPE-USD | −0.0049% | 1h | 93.791 | −0.003% | $111K | $581K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0018% | 4h | 93.755 | −0.042% | $149K | $681K | 20x | as long as short |
| Bluefin HYPE-PERP | −0.0015% | 1h | 93.786 | −0.009% | $79K | $156K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.743 | −0.054% | $129K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.784 | −0.011% | $22K | $285K | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Bullet HYPE-USD
Orderly PERP_HYPE_USDC
Bluefin HYPE-PERP
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 | 93.823 | +0.031% | $63K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0010% | 8h | 93.580 | −0.228% | $316.2M | $287.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0010% | 4h | 93.666 | −0.136% | — | $53.9M | — | as long as short |
| Phoenix HYPE | +0.0017% | 1h | 93.780 | −0.015% | $210K | $1.1M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0040% | 4h | 93.683 | −0.118% | $225.7M | $99.6M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0066% | 8h | 93.811 | +0.018% | $12.8M | $2.8M | 50x | as long as short |
| ApeX Omni HYPEUSDT | +0.0074% | 1h | 93.801 | +0.007% | $348K | $1.0M | 50x | as long as short |
| Arcus HYPE-USD | +0.0084% | 1h | 93.754 | −0.043% | $1.0M | $4.0M | 10x | as long as short |
| Paradex HYPE-USD-PERP | +0.0085% | 8h | 93.690 | −0.110% | $335K | $161K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0091% | 4h | 93.758 | −0.038% | $5.0M | $30.5M | 30x | as long as short |
| Derive HYPE-PERP | +0.0092% | 1h | 93.753 | −0.044% | $16.4M | $7.4M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.673 | −0.129% | $16.2M | $63.5M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.676 | −0.126% | $3.1M | $11.1M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.670 | −0.132% | $78K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.680 | −0.122% | $23K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.698 | −0.102% | $7.4M | $50.9M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.792 | −0.002% | $2.05B | $681.4M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.694 | −0.107% | $8.9M | $37.4M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.697 | −0.103% | $10.1M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.656 | −0.147% | $375.3M | $930.1M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.586 | −0.222% | $115.7M | $315.9M | 50x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.665 | −0.138% | $48.4M | $54.9M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.668 | −0.134% | $88.9M | $83.2M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.662 | −0.141% | $46.2M | $18.8M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.788 | −0.006% | $7.2M | $10.8M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.670 | −0.133% | $28.6M | $56.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.726 | −0.072% | $7.6M | $48.1M | 10x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.812 | +0.019% | $679K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.831 | +0.040% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.814 | +0.021% | $471K | $2.8M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.858 | +0.068% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USDlong | +0.0100% | 1h | 93.794 | long leg | $2.0M | $1.9M | 10x | |
| HTX HYPE-USDT | +0.0100% | 4h | 93.920 | +0.134% | $1.4M | $6.7M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.731 | −0.067% | $216K | $15K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.643 | −0.161% | $18.2M | $43.3M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.795 | +0.001% | $396K | $159K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0106% | 8h | 93.858 | +0.068% | $1.8M | $5.6M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0120% | 1h | 93.820 | +0.028% | $4.7M | $6.1M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 94.610 | +0.870% | $31K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0271% | 1h | 93.780 | −0.015% | $77K | $130K | 15x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0294% | 1h | 93.888 | +0.100% | $7.4M | $4.2M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0154% | 1h | 93.813 | +0.021% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.701 | −0.099% | $17.0M | $12.2M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0414% | 1h | 93.854 | +0.063% | $20.9M | $29.6M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0559% | 1h | 93.716 | −0.083% | $3.2M | $6.4M | 20x | as long as short |
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
BingX HYPE-USDT
Phoenix HYPE
Bitget HYPEUSDT
Phemex HYPEUSDT
ApeX Omni HYPEUSDT
Arcus HYPE-USD
Paradex HYPE-USD-PERP
edgeX HYPEUSDC
Derive HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
HTX HYPE-USDT
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD
RISEx HYPE/USDC