Funding you earn now, next payment 01:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.106%
Price spread now: Hyperliquid against Hotstuff+0.049%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 · Hyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hyperliquid is 0.049% dearer against Hotstuff than usual: you sell high and buy low: +$5 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 | 94.066 | −0.0080 | get 0.0010% / 1h | 14m 39s | $3K | $331 | 25x |
| Short | Hyperliquid HYPE | 94.112 | 0.0100 | get 0.0013% / 1h | 14m 39s | $2.05B | $676.3M | 10x |
Hotstuff HYPE-PERP
Hyperliquid HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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: +0.049% → 0.000%
- $4.89
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $28.69
- Costs to cover
- 0.140%
- Break-even
- 1.7 days
Slippage unknown: Hotstuff: no order-book sample; Hyperliquid: live order book, 9 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 Hyperliquid live order book, 9 min ago | 0.05 bp | 4.9 bp −$5 | 5.0 bp −$50 | 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 | −0.1256% | 1h | 93.810 | −0.272% | $199K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.958 | −0.115% | $1.2M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0197% | 1h | 93.894 | −0.183% | $22K | $21K | 10x | as long as short |
| Phemex HYPEUSDT | −0.0123% | 8h | 94.039 | −0.029% | $12.8M | $2.6M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0116% | 1h | 94.010 | −0.060% | $708K | $960K | 10x | as long as short |
| dYdX HYPE-USD | −0.0099% | 1h | 94.086 | +0.021% | $129K | $31K | 5x | as long as short |
| 01 Exchange HYPEUSD | −0.0088% | 1h | 94.079 | +0.014% | $85K | $361K | 20x | as long as short |
| Hotstuff HYPE-PERPlong | −0.0080% | 1h | 94.066 | long leg | $3K | $331 | 25x | |
| Bullet HYPE-USD | −0.0075% | 1h | 94.032 | −0.036% | $113K | $581K | 20x | as long as short |
| Gate HYPE_USDT | −0.0034% | 4h | 94.056 | −0.011% | $44.5M | $60.2M | 75x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Phemex HYPEUSDT
Ondo Perps HYPE-USD.P
dYdX HYPE-USD
01 Exchange HYPEUSD
Bullet HYPE-USD
Gate HYPE_USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_HYPE_USDC | −0.0027% | 4h | 94.014 | −0.055% | $160K | $646K | 20x | as long as short |
| Bybit HYPEUSDT | −0.0011% | 8h | 94.054 | −0.013% | $323.7M | $280.9M | 75x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.034 | −0.034% | $23K | $326K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 94.055 | −0.011% | $27K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0008% | 4h | 94.080 | +0.015% | $8.9M | $36.1M | 300x | as long as short |
| Derive HYPE-PERP | +0.0017% | 1h | 93.989 | −0.081% | $16.4M | $7.3M | 10x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.678 | −0.412% | $218K | $1.2M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0044% | 4h | 94.077 | +0.012% | $88.7M | $83.2M | 100x | as long as short |
| Binance HYPEUSDT | +0.0051% | 4h | 94.086 | +0.021% | $383.8M | $895.2M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0062% | 4h | 93.602 | −0.493% | $5.1M | $30.1M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0075% | 8h | 94.066 | 0.000% | $116.3M | $316.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0088% | 1h | 94.049 | −0.018% | $400K | $180K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.101 | +0.037% | $19.1M | $60.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.085 | +0.020% | $3.0M | $12.2M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.072 | +0.006% | $65K | $1.2M | 50x | as long as short |
| Bluefin HYPE-PERP | +0.0096% | 1h | 94.042 | −0.026% | $76K | $171K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 94.112 | +0.048% | $342K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.080 | +0.015% | $29K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.993 | −0.077% | $6.6M | $44.8M | 10x | as long as short |
| Hyperliquid HYPEshort | +0.0100% | 1h | 94.112 | +0.049% | $2.05B | $676.3M | 10x | |
| Pacifica HYPE | +0.0100% | 1h | 94.103 | +0.039% | $10.2M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.528 | −0.572% | $204K | $12K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.071 | +0.005% | $46.7M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 94.061 | −0.005% | $227.9M | $101.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.061 | −0.005% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.064 | −0.002% | $7.7M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.810 | −0.272% | $31.4M | $54.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.614 | −0.481% | $7.5M | $46.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.656 | −0.436% | $339K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.843 | −0.237% | $670K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.020 | −0.048% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.076 | +0.011% | $476K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.142 | +0.081% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.076 | +0.011% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.036 | −0.032% | $18.4M | $45.4M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 94.060 | −0.006% | $4.9M | $5.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0181% | 4h | 94.072 | +0.006% | $17.1M | $12.2M | 75x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 94.490 | +0.451% | $31K | $338K | 12x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 94.110 | +0.047% | $2.7M | $6.8M | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0227% | 8h | 94.094 | +0.030% | $1.9M | $5.1M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0252% | 1h | 94.045 | −0.022% | $79K | $143K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0335% / S −0.0156% | 1h | 94.060 | −0.007% | $1.4M | — | 100x | as long as short |
| HTX HYPE-USDT | +0.0379% | 4h | 94.200 | +0.142% | $1.5M | $6.0M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0622% | 1h | 94.165 | +0.105% | $7.5M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0671% | 1h | 94.160 | +0.100% | $21.0M | $29.8M | 50x | as long as short |
Orderly PERP_HYPE_USDC
Bybit HYPEUSDT
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Derive HYPE-PERP
Phoenix HYPE
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Aevo HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Bluefin HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
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
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
BloFin HYPE-USDT
Injective HYPE/USDC PERP
RISEx HYPE/USDC
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
HTX HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD