Funding you earn now, next payment 05:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.067%
Price spread now: Bluefin against Hotstuff+0.059%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bluefin is 0.059% dearer against Hotstuff than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff HYPE-PERP | 92.647 | −0.0080 | get 0.0010% / 1h | 22m 19s | $3K | $331 | 25x |
| Short | Bluefin HYPE-PERP | 92.702 | 0.0100 | get 0.0013% / 1h | 22m 19s | $78K | $166K | 20x |
Hotstuff HYPE-PERP
Bluefin HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bluefin against Hotstuff. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
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: +0.059% → 0.000%
- $5.94
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Bluefin: 3.5 bp × 2 orders
- −$7
- Net
- $31.74
- Costs to cover
- 0.120%
- Break-even
- 1.1 days
Slippage unknown: Hotstuff: no order-book sample; Bluefin: live order book, 32 min ago. 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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Bluefin live order book, 32 min ago | 5.54 bp | 16.1 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.1696% | 1h | 92.615 | −0.035% | $193K | $230K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0303% | 1h | 92.786 | +0.150% | $22K | $21K | 10x | as long as short |
| Arcus HYPE-USD | −0.0194% | 1h | 92.606 | −0.044% | $1.1M | $3.9M | 10x | as long as short |
| Hotstuff HYPE-PERPlong | −0.0080% | 1h | 92.647 | long leg | $3K | $331 | 25x | |
| Orderly PERP_HYPE_USDC | −0.0060% | 4h | 92.697 | +0.054% | $145K | $681K | 20x | as long as short |
| Bullet HYPE-USD | −0.0003% | 1h | 92.702 | +0.059% | $112K | $577K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.661 | +0.016% | $127K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.712 | +0.070% | $22K | $293K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.735 | +0.095% | $62K | — | 150x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0003% | 1h | 92.570 | −0.083% | $698K | $1.1M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Ondo Perps HYPE-USD.PShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange HYPEUSD | +0.0024% | 1h | 92.652 | +0.005% | $86K | $364K | 20x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 92.921 | +0.296% | $210K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0032% | 8h | 92.710 | +0.068% | $315.3M | $282.9M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0040% | 1h | 92.644 | −0.003% | $70K | $1.1M | 50x | as long as short |
| Bitget HYPEUSDT | +0.0046% | 4h | 92.705 | +0.063% | $224.5M | $98.9M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0055% | 8h | 92.716 | +0.074% | $12.5M | $2.7M | 50x | as long as short |
| Gate HYPE_USDT | +0.0060% | 4h | 92.715 | +0.073% | $45.1M | $54.4M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0092% | 4h | 92.837 | +0.205% | $4.9M | $29.6M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.653 | +0.006% | $16.0M | $62.7M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.664 | +0.018% | $3.1M | $11.6M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 92.674 | +0.029% | $338K | $163K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.630 | −0.018% | $34K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.626 | −0.023% | $7.4M | $46.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.734 | +0.094% | $2.02B | $665.4M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 92.718 | +0.077% | $8.7M | $36.2M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.669 | +0.024% | $10.0M | $15.2M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.711 | +0.069% | $372.8M | $905.4M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 92.706 | +0.064% | $113.8M | $303.1M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.709 | +0.067% | $202K | $13K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.715 | +0.073% | $91.1M | $81.2M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.713 | +0.071% | $46.0M | $18.4M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 92.706 | +0.064% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.716 | +0.074% | $7.2M | $11.2M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.768 | +0.130% | $28.5M | $57.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.808 | +0.174% | $7.5M | $46.5M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.846 | +0.215% | $341K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.765 | +0.127% | $667K | $2.9M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.736 | +0.096% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.734 | +0.094% | $481K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERPshort | +0.0100% | 1h | 92.702 | +0.059% | $78K | $166K | 20x | |
| Derive HYPE-PERP | +0.0100% | 1h | 92.703 | +0.061% | $16.0M | $7.6M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.740 | +0.100% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.706 | +0.064% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 92.900 | +0.273% | $1.4M | $6.3M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.608 | −0.042% | $18.0M | $43.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.691 | +0.048% | $392K | $164K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0132% | 8h | 92.786 | +0.150% | $1.8M | $5.4M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 92.730 | +0.090% | $4.7M | $5.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0197% | 1h | 92.773 | +0.136% | $20.6M | $30.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0242% | 1h | 92.640 | −0.008% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0266% | 1h | 92.713 | +0.071% | $79K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0154% | 1h | 92.738 | +0.098% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0332% | 1h | 92.799 | +0.164% | $7.5M | $4.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.682 | +0.038% | $16.7M | $11.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0598% | 1h | 92.698 | +0.055% | $3.1M | $6.4M | 20x | as long as short |
01 Exchange HYPEUSD
Phoenix HYPE
Bybit HYPEUSDT
Popdex HYPEUSDT
Bitget HYPEUSDT
Phemex HYPEUSDT
Gate HYPE_USDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Kraken Futures PF_HYPEUSD
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
BloFin HYPE-USDT
RISEx HYPE/USDC