Settings8H · net · $10k
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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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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.

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 22:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.23 per $10,000 · paid last 24h +0.007%
Price spread now: Hotstuff against Arcus+0.034%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ArcusShort 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 airdropHotstuff: Active · farm boardneeds both histories
The price spread pays, funding is against you. Hotstuff is 0.034% dearer against Arcus than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 15 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus HYPE-USD93.6470.0100pay 0.0013% / 1h21m 32s$1.2M$4.0M10x
ShortHotstuff HYPE-PERP93.679−0.0080pay 0.0010% / 1h21m 32s$3K$33125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Arcus. 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: +0.034% → 0.000%
$3.42
Slippage, 4 orders
no order book: not counted
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$43.88
Costs to cover
0.095%
Break-even
never at this rate
Slippage unknown: Arcus: live order book, 3 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 Arcus live order book, 3 min ago0.59 bp2.8 bp −$34.4 bp −$4420.3 bp −$2,032doesn'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−0.1008%1h93.6470.000%$198K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0291%1h93.660+0.014%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0238%1h93.580−0.072%$703K$934K10xas long as short
Hotstuff HYPE-PERPshort−0.0080%1h93.679+0.034%$3K$33125x
01 Exchange HYPEUSD−0.0064%1h93.689+0.045%$90K$343K20xas long as short
Bullet HYPE-USD−0.0020%1h93.621−0.028%$112K$583K20xas long as short
Derive HYPE-PERP−0.0009%1h93.599−0.051%$16.4M$7.0M10xas long as short
dYdX HYPE-USD0.0000%1h93.721+0.079%$128K$32K5xas long as short
Perpl HYPE0.0000%43m93.661+0.015%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.684+0.039%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0027%4h93.678+0.034%$9.0M$35.8M300xas long as short
Gate HYPE_USDT+0.0030%4h93.677+0.032%$44.1M$57.1M75xas long as short
Bybit HYPEUSDT+0.0036%8h93.670+0.025%$326.2M$287.1M75xas long as short
Orderly PERP_HYPE_USDC+0.0063%4h93.644−0.003%$175K$536K20xas long as short
Popdex HYPEUSDT+0.0064%1h93.665+0.019%$57K$1.2M50xas long as short
Phoenix HYPE+0.0068%1h93.733+0.092%$216K$1.2M10xas long as short
Lighter HYPE+0.0096%1h93.712+0.069%$18.6M$59.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.701+0.058%$3.1M$12.4M20xas long as short
Paradex HYPE-USD-PERP+0.0100%8h93.682+0.038%$340K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.710+0.067%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.665+0.019%$6.0M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.759+0.120%$2.04B$670.1M10xas long as short
Pacifica HYPE+0.0100%1h93.690+0.046%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.664+0.018%$386.4M$888.8M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.642−0.005%$115.0M$316.0M50xas long as short
Arcus HYPE-USDlong+0.0100%1h93.647long leg$1.2M$4.0M10x
Bulk HYPE-USD+0.0100%1h93.690+0.046%$205K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.695+0.051%$93.8M$82.3M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.699+0.056%$46.5M$18.7M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.683+0.038%$227.5M$102.4M75xas long as short
BingX HYPE-USDT+0.0100%4h93.672+0.027%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.688+0.044%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.652+0.005%$29.0M$50.0M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.753+0.113%$7.5M$45.3M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.664+0.018%$407K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.704+0.061%$677K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.715+0.072%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.712+0.069%$495K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.644−0.003%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.704+0.061%$33K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.650+0.003%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.631−0.017%$12.8M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.654+0.008%$18.3M$41.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.656+0.009%$398K$318K20xas long as short
edgeX HYPEUSDC+0.0106%4h93.684+0.039%$5.1M$29.7M30xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0124%1h93.741+0.100%$7.4M$4.6M50xas long as short
Kalshi KXHYPEPERP+0.0132%8h93.740+0.099%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.700+0.057%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0245%1h93.619−0.030%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.610−0.040%$30K$291K12xas long as short
HTX HYPE-USDT+0.0308%4h93.825+0.190%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0164%1h93.686+0.041%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.715+0.073%$17.1M$12.5M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.731+0.090%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0572%1h93.757+0.117%$19.2M$26.0M50xas long as short