HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0106%/8h= −11.6% APRnext payment −$0.13 per $10,000 · paid last 24h −0.042%

Price spread now: Hotstuff against Bullet+0.154%7-day average — · you sell dearer than you buy

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

Long on Bullet 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 airdropHotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hotstuff is 0.154% dearer against Bullet than usual: you sell high and buy low (spread +0.154% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet HYPE-USD	92.845	0.0026	pay 0.0003% / 1h	28m 36s	$111K	$577K	20x
Short	Hotstuff HYPE-PERP	92.988	−0.0080	pay 0.0010% / 1h	28m 36s	$3K	$331	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Bullet. 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 BulletbpFee HotstuffbpOrdersPrice spread, now +0.154%Rate

Funding earned: −$22.26
Price spread: +0.154% → 0.000%: $15.42
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$19.84
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Bullet: live order book, 25 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 Bullet live order book, 25 min ago	0.05 bp	6.2 bp −$6	12.9 bp −$129	doesn't fit	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	−0.1544%	1h	92.711	−0.144%	$193K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0302%	1h	92.864	+0.021%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	92.829	−0.017%	$1.1M	$3.9M	10x	as long as short
Hotstuff HYPE-PERPshort	−0.0080%	1h	92.988	+0.154%	$3K	$331	25x
Orderly PERP_HYPE_USDC	−0.0061%	4h	92.842	−0.003%	$145K	$681K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.906	+0.066%	$127K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.891	+0.050%	$22K	$295K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.890	+0.049%	$62K	—	150x	as long as short
Phoenix HYPE	+0.0026%	1h	92.857	+0.013%	$210K	$1.2M	10x	as long as short
Bullet HYPE-USDlong	+0.0026%	1h	92.845	long leg	$111K	$577K	20x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps HYPE-USD.P	+0.0030%	1h	92.810	−0.038%	$699K	$1.1M	10x	as long as short
Bybit HYPEUSDT	+0.0033%	8h	92.848	+0.003%	$315.7M	$282.6M	75x	as long as short
Phemex HYPEUSDT	+0.0048%	8h	92.901	+0.060%	$12.5M	$2.7M	50x	as long as short
01 Exchange HYPEUSD	+0.0048%	1h	92.886	+0.044%	$86K	$363K	20x	as long as short
Bitget HYPEUSDT	+0.0054%	4h	92.851	+0.007%	$224.9M	$99.2M	75x	as long as short
Popdex HYPEUSDT	+0.0072%	1h	92.868	+0.025%	$70K	$1.1M	50x	as long as short
Lighter HYPE	+0.0096%	1h	92.876	+0.034%	$16.0M	$62.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.884	+0.042%	$3.1M	$11.6M	20x	as long as short
edgeX HYPEUSDC	+0.0097%	4h	92.935	+0.097%	$4.9M	$29.6M	30x	as long as short
Gate HYPE_USDT	+0.0098%	4h	92.852	+0.008%	$45.0M	$54.3M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	92.881	+0.039%	$339K	$163K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.860	+0.016%	$34K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.880	+0.038%	$7.4M	$46.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.907	+0.067%	$2.02B	$666.6M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	92.870	+0.027%	$8.7M	$36.1M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	92.871	+0.029%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.857	+0.013%	$373.4M	$905.6M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	92.842	−0.003%	$113.9M	$304.0M	50x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.851	+0.007%	$91.4M	$81.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.847	+0.002%	$46.1M	$18.4M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	92.857	+0.013%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.879	+0.037%	$7.2M	$11.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.959	+0.123%	$28.6M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.003	+0.171%	$7.5M	$46.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.975	+0.140%	$341K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.929	+0.091%	$668K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.930	+0.092%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.910	+0.070%	$471K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.864	+0.021%	$79K	$167K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.847	+0.003%	$16.0M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.942	+0.105%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.864	+0.021%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.005	+0.172%	$1.4M	$6.3M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.770	−0.081%	$202K	$13K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.815	−0.032%	$18.0M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.847	+0.002%	$393K	$164K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.040	+0.210%	$4.7M	$5.6M	50x	as long as short
Kalshi KXHYPEPERP	+0.0175%	8h	92.939	+0.101%	$1.8M	$5.4M	2.3x	as long as short
Kraken Futures PF_HYPEUSD	+0.0197%	1h	92.925	+0.086%	$20.6M	$30.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	92.790	−0.059%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0265%	1h	92.865	+0.021%	$79K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	92.885	+0.043%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.881	+0.039%	$16.8M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0364%	1h	92.948	+0.111%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	92.910	+0.071%	$3.2M	$6.4M	20x	as long as short