HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0256%/8h= −28.0% APRnext payment −$0.32 per $10,000 · paid last 24h −0.032%

Price spread now: Hotstuff against Coinbase International+0.040%7-day average — · you sell dearer than you buy

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

Long on Coinbase International 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 0.040% dearer against Coinbase International than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International HYPE-PERP-INTX	93.020	0.0176	pay 0.0022% / 1h	28m 07s	$4.9M	$5.7M	50x
Short	Hotstuff HYPE-PERP	93.057	−0.0080	pay 0.0010% / 1h	28m 07s	$3K	$331	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Coinbase International. 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 Coinbase InternationalbpFee HotstuffbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$53.76
Price spread: +0.040% → 0.000%: $3.98
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$64.78
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 1 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 Coinbase International live order book, 1 min ago	3.22 bp	10.6 bp −$11	15.5 bp −$155	38.9 bp −$3,894	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
Aftermath Perps HYPEUSD	−0.0404%	1h	93.039	+0.021%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0256%	1h	92.965	−0.059%	$196K	$230K	7x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.049	+0.031%	$1.2M	$4.0M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0120%	1h	93.000	−0.022%	$698K	$927K	10x	as long as short
Hotstuff HYPE-PERPshort	−0.0080%	1h	93.057	+0.040%	$3K	$331	25x
01 Exchange HYPEUSD	−0.0032%	1h	93.092	+0.077%	$90K	$362K	20x	as long as short
Popdex HYPEUSDT	−0.0016%	1h	93.090	+0.075%	$58K	$1.2M	50x	as long as short
Aster HYPEUSDT	−0.0007%	4h	92.986	−0.037%	$8.8M	$36.0M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.108	+0.095%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.042	+0.023%	$23K	$331K	10x	as long as short

Show 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 −0.0001%	1h	93.056	+0.038%	$20K	—	150x	as long as short
Bybit HYPEUSDT	+0.0024%	8h	92.960	−0.065%	$322.4M	$287.3M	75x	as long as short
Orderly PERP_HYPE_USDC	+0.0025%	4h	93.001	−0.020%	$171K	$518K	20x	as long as short
Derive HYPE-PERP	+0.0033%	1h	92.972	−0.051%	$16.2M	$7.1M	10x	as long as short
Phoenix HYPE	+0.0034%	1h	93.033	+0.014%	$213K	$1.2M	10x	as long as short
Gate HYPE_USDT	+0.0044%	4h	92.967	−0.057%	$43.8M	$58.4M	75x	as long as short
Bullet HYPE-USD	+0.0047%	1h	93.047	+0.029%	$111K	$580K	20x	as long as short
Binance HYPEUSDT	+0.0067%	4h	92.970	−0.054%	$381.4M	$895.3M	75x	as long as short
MEXC HYPE_USDT	+0.0070%	4h	92.979	−0.044%	$89.9M	$81.9M	100x	as long as short
edgeX HYPEUSDC	+0.0086%	4h	93.085	+0.070%	$5.1M	$29.6M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.034	+0.015%	$18.5M	$58.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.019	−0.001%	$3.1M	$12.2M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.007	−0.014%	$396K	$318K	20x	as long as short
StandX HYPE-USD	+0.0096%	1h	93.000	−0.022%	$673K	$2.5M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0098%	8h	93.093	+0.079%	$338K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.090	+0.075%	$34K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.095	+0.081%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.024	+0.004%	$2.02B	$673.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.127	+0.115%	$10.0M	$14.3M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	92.968	−0.056%	$113.6M	$313.9M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.030	+0.011%	$203K	$8K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.001	−0.020%	$46.9M	$19.0M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.976	−0.047%	$225.3M	$103.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	92.959	−0.066%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.997	−0.025%	$7.8M	$11.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.003	−0.018%	$28.9M	$50.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.981	−0.042%	$7.5M	$46.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.095	+0.081%	$412K	$1.0M	50x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.080	+0.064%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.102	+0.088%	$492K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.030	+0.011%	$75K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.064	+0.047%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.999	−0.023%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	92.990	−0.032%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.989	−0.034%	$18.2M	$42.1M	50x	as long as short
Kalshi KXHYPEPERP	+0.0110%	8h	93.092	+0.077%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTXlong	+0.0176%	1h	93.020	long leg	$4.9M	$5.7M	50x
Injective HYPE/USDC PERP	+0.0239%	1h	92.880	−0.151%	$30K	$338K	12x	as long as short
HTX HYPE-USDT	+0.0241%	4h	93.250	+0.247%	$1.5M	$7.7M	75x	as long as short
Reya HYPERUSDPERP	+0.0247%	1h	93.029	+0.010%	$77K	$158K	15x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.151	+0.141%	$2.7M	$6.8M	20x	as long as short
BloFin HYPE-USDT	+0.0280%	4h	92.998	−0.024%	$16.9M	$12.5M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0158%	1h	93.060	+0.043%	$1.5M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0363%	1h	93.106	+0.092%	$7.4M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0466%	1h	93.117	+0.104%	$20.8M	$28.9M	50x	as long as short