HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.23 per $10,000 · paid last 24h −0.047%

Price spread now: Hotstuff against Vest−0.029%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Vest Short 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 airdropVest: Active · Hotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.029% cheaper against Vest than usual: you would sell low and buy high (−$3 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	Vest HYPE-PERP	93.109	0.0100	pay 0.0013% / 1h	7m 42s	—	$243K	5x
Short	Hotstuff HYPE-PERP	93.082	−0.0080	pay 0.0010% / 1h	7m 42s	$3K	$331	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Vest. 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

Position, each leg$Hold fordaysFee VestbpFee HotstuffbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$37.8
Price spread: −0.029% → 0.000%: −$2.89
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$47.69
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; 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 Vest no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

Vest and 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	−0.0976%	1h	93.211	+0.110%	$197K	$226K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	92.875	−0.251%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0132%	1h	93.080	−0.031%	$698K	$1.0M	10x	as long as short
Hotstuff HYPE-PERPshort	−0.0080%	1h	93.082	−0.029%	$3K	$331	25x
Aftermath Perps HYPEUSD	−0.0078%	1h	93.224	+0.124%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	93.039	−0.075%	$85K	$345K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0049%	4h	93.042	−0.072%	$154K	$654K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.069	−0.043%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.064	−0.048%	$23K	$316K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.093	−0.017%	$62K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet HYPE-USD	+0.0004%	1h	93.050	−0.063%	$111K	$579K	20x	as long as short
Phemex HYPEUSDT	+0.0007%	8h	93.097	−0.013%	$12.6M	$2.7M	50x	as long as short
Aster HYPEUSDT	+0.0016%	4h	93.028	−0.087%	$8.8M	$35.8M	300x	as long as short
Phoenix HYPE	+0.0026%	1h	93.210	+0.109%	$213K	$1.2M	10x	as long as short
BingX HYPE-USDT	+0.0038%	4h	92.997	−0.120%	—	$52.9M	—	as long as short
Gate HYPE_USDT	+0.0044%	4h	93.019	−0.097%	$44.5M	$55.6M	75x	as long as short
Bybit HYPEUSDT	+0.0048%	8h	92.990	−0.128%	$319.9M	$276.6M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0074%	8h	92.986	−0.132%	$113.4M	$298.3M	50x	as long as short
Derive HYPE-PERP	+0.0087%	1h	93.019	−0.097%	$16.1M	$7.5M	10x	as long as short
MEXC HYPE_USDT	+0.0094%	4h	92.988	−0.130%	$89.3M	$81.2M	100x	as long as short
Binance HYPEUSDT	+0.0095%	4h	92.993	−0.125%	$376.1M	$880.1M	75x	as long as short
Lighter HYPE	+0.0096%	1h	93.008	−0.108%	$16.2M	$62.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.023	−0.092%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.036	−0.078%	$67K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0096%	8h	93.045	−0.069%	$339K	$162K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.040	−0.074%	$24K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.047	−0.066%	$5.8M	$43.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.083	−0.028%	$2.03B	$653.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.020	−0.095%	$10.0M	$14.8M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.028	−0.087%	$45.7M	$18.2M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.990	−0.128%	$224.9M	$96.3M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.016	−0.100%	$7.3M	$10.0M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.197	+0.094%	$31.4M	$53.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.289	+0.193%	$7.5M	$46.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.125	+0.017%	$338K	$998K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.310	+0.216%	$667K	$2.7M	20x	as long as short
Vest HYPE-PERPlong	+0.0100%	1h	93.109	long leg	—	$243K	5x
Polymarket Perps HYPE-USD	+0.0100%	1h	93.084	−0.027%	$470K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.017	−0.099%	$79K	$168K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.048	−0.065%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.042	−0.072%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.155	+0.049%	$203K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.985	−0.133%	$18.3M	$42.8M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.026	−0.089%	$396K	$162K	20x	as long as short
edgeX HYPEUSDC	+0.0104%	4h	93.205	+0.103%	$5.0M	$28.9M	30x	as long as short
HTX HYPE-USDT	+0.0124%	4h	93.200	+0.098%	$1.4M	$6.0M	75x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.120	+0.012%	$4.8M	$5.5M	50x	as long as short
Reya HYPERUSDPERP	+0.0259%	1h	93.037	−0.078%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0271%	8h	93.109	0.000%	$1.9M	$5.2M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0156%	1h	93.078	−0.033%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.118	+0.010%	$16.9M	$11.5M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0416%	1h	93.152	+0.046%	$7.4M	$4.3M	50x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.078	−0.033%	$3.2M	$6.3M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.390	+0.302%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0687%	1h	93.109	0.000%	$20.7M	$29.8M	50x	as long as short