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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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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.054%
Price spread now: Hotstuff against Variational Omni+0.039%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Hotstuff
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 airdropVariational Omni: Active · Hotstuff: Active · farm boardneeds both histories
The price spread pays, funding is against you. Hotstuff is 0.039% dearer against Variational Omni than usual: you sell high and buy low (spread +0.039% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 17 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni HYPE94.0730.0100pay 0.0100% / 8h50m 02s$32.2M$53.1M—
ShortHotstuff HYPE-PERP94.110−0.0080pay 0.0010% / 1h50m 02s$3K$33125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Variational Omni. 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: +0.039% → 0.000%
$3.91
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$38.89
Costs to cover
0.050%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 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
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 4 min ago0.47 bpdoesn't fit2.9 bp −$294.3 bp −$432doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.0608%1h94.035−0.041%$199K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0456%1h93.938−0.144%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h94.004−0.074%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERPshort−0.0080%1h94.110+0.039%$3K$33125x
dYdX HYPE-USD0.0000%1h94.092+0.020%$128K$30K5xas long as short
Perpl HYPE0.0000%43m94.113+0.042%$23K$329K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h94.078+0.005%$27K—150xas long as short
Phoenix HYPE+0.0009%1h94.035−0.041%$215K$1.2M10xas long as short
Orderly PERP_HYPE_USDC+0.0013%4h94.076+0.003%$176K$526K20xas long as short
Bybit HYPEUSDT+0.0021%8h94.080+0.007%$324.7M$281.4M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0037%4h94.102+0.031%$8.9M$35.8M300xas long as short
Ondo Perps HYPE-USD.P+0.0037%1h94.020−0.057%$704K$908K10xas long as short
Phemex HYPEUSDT+0.0065%8h94.047−0.028%$12.8M$2.6M50xas long as short
Gate HYPE_USDT+0.0072%4h94.061−0.013%$44.5M$58.0M75xas long as short
edgeX HYPEUSDC+0.0073%4h93.924−0.158%$5.1M$29.7M30xas long as short
MEXC HYPE_USDT+0.0074%4h94.100+0.028%$88.5M$80.9M100xas long as short
Binance HYPEUSDT+0.0077%4h94.102+0.031%$386.6M$888.7M75xas long as short
Derive HYPE-PERP+0.0082%1h94.015−0.062%$16.5M$6.9M10xas long as short
01 Exchange HYPEUSD+0.0088%1h94.109+0.038%$86K$364K20xas long as short
Lighter HYPE+0.0096%1h94.112+0.042%$19.1M$59.2M20xas long as short
Lighter RH HYPE+0.0096%1h94.095+0.023%$3.1M$12.2M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.094+0.022%$64K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h94.066−0.008%$400K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h94.125+0.055%$342K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h94.100+0.028%$29K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h94.093+0.022%$5.9M$44.2M10xas long as short
Pacifica HYPE+0.0100%1h94.114+0.044%$10.2M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h94.085+0.012%$115.9M$317.5M50xas long as short
Bulk HYPE-USD+0.0100%1h94.095+0.024%$205K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.107+0.036%$47.3M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h94.113+0.042%$227.9M$102.6M75xas long as short
BingX HYPE-USDT+0.0100%4h94.049−0.026%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.087+0.015%$7.9M$10.4M20xas long as short
Variational Omni HYPElong+0.0100%8h94.073long leg$32.2M$53.1M—
GRVT HYPE_USDT_Perp+0.0100%4h93.938−0.144%$7.6M$45.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.072−0.001%$335K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h94.098+0.026%$680K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h94.141+0.071%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.130+0.060%$485K$2.5M20xas long as short
Bullet HYPE-USD+0.0100%1h94.055−0.020%$113K$578K20xas long as short
Bluefin HYPE-PERP+0.0100%1h94.049−0.026%$76K$166K20xas long as short
SunX HYPE-USDT+0.0100%4h94.078+0.005%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.056−0.018%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.050−0.025%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h94.087+0.015%$18.7M$42.1M50xas long as short
Kalshi KXHYPEPERP+0.0124%8h94.129+0.059%$1.9M$5.0M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h94.120+0.050%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0229%4h94.242+0.179%$1.5M$7.7M75xas long as short
Reya HYPERUSDPERP+0.0248%1h94.065−0.009%$77K$142K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0281%1h94.156+0.088%$7.4M$4.5M50xas long as short
RISEx HYPE/USDC+0.0284%1h94.144+0.076%$2.8M$6.8M20xas long as short
BloFin HYPE-USDT+0.0303%4h94.097+0.025%$17.0M$12.4M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0340% / S −0.0165%1h94.070−0.003%$1.4M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0576%1h94.176+0.110%$21.1M$29.0M50xas long as short
Hyperliquid HYPE+0.0723%1h94.154+0.086%$2.05B$666.7M10xas long as short