HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.052%

Price spread now: Polymarket Perps against Hotstuff+0.207%54s7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Polymarket Perps

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

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Polymarket Perps is 0.207% dearer against Hotstuff than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff HYPE-PERP	94.076	−0.0080	get 0.0010% / 1h	42m 43s	$3K	$331	25x
Short	Polymarket Perps HYPE-USD	94.271	0.0100	get 0.0013% / 1h	42m 43s	$498K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Hotstuff. 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 HotstuffbpFee Polymarket PerpsbpOrdersPrice spread, now +0.207%Rate

Funding earned: $37.8
Price spread: +0.207% → 0.000%: $20.73
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $45.53
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Hotstuff: no order-book sample; Polymarket Perps: live order book, 1 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 Polymarket Perps live order book, 1 min ago	0.58 bp	4.7 bp −$5	5.7 bp −$57	12.0 bp −$1,204	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	−0.0616%	1h	94.235	+0.169%	$199K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0425%	1h	94.145	+0.073%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	93.982	−0.100%	$1.2M	$3.8M	10x	as long as short
Hotstuff HYPE-PERPlong	−0.0080%	1h	94.076	long leg	$3K	$331	25x
dYdX HYPE-USD	0.0000%	1h	94.120	+0.047%	$128K	$30K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.248	+0.183%	$23K	$329K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.134	+0.062%	$27K	—	150x	as long as short
Ondo Perps HYPE-USD.P	+0.0002%	1h	94.030	−0.049%	$705K	$908K	10x	as long as short
Phoenix HYPE	+0.0009%	1h	94.301	+0.239%	$216K	$1.2M	10x	as long as short
Orderly PERP_HYPE_USDC	+0.0010%	4h	94.132	+0.060%	$163K	$572K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	+0.0020%	8h	94.050	−0.028%	$323.9M	$282.5M	75x	as long as short
01 Exchange HYPEUSD	+0.0032%	1h	94.030	−0.049%	$86K	$364K	20x	as long as short
Aster HYPEUSDT	+0.0039%	4h	94.087	+0.011%	$8.9M	$35.9M	300x	as long as short
Phemex HYPEUSDT	+0.0053%	8h	94.114	+0.040%	$12.8M	$2.6M	50x	as long as short
Gate HYPE_USDT	+0.0070%	4h	94.060	−0.017%	$44.3M	$58.4M	75x	as long as short
Binance HYPEUSDT	+0.0074%	4h	94.053	−0.024%	$385.1M	$891.4M	75x	as long as short
MEXC HYPE_USDT	+0.0076%	4h	94.056	−0.021%	$88.8M	$81.2M	100x	as long as short
edgeX HYPEUSDC	+0.0087%	4h	94.189	+0.120%	$5.1M	$29.9M	30x	as long as short
Derive HYPE-PERP	+0.0093%	1h	94.057	−0.020%	$16.5M	$7.1M	10x	as long as short
Lighter HYPE	+0.0096%	1h	94.096	+0.021%	$19.0M	$59.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.079	+0.003%	$3.1M	$12.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.045	−0.033%	$63K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.071	−0.005%	$342K	$171K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.100	+0.026%	$29K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.243	+0.177%	$5.8M	$44.3M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.098	+0.023%	$10.2M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.058	−0.019%	$116.0M	$319.9M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.095	+0.021%	$205K	$7K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.070	−0.006%	$47.2M	$18.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.062	−0.015%	$227.8M	$102.8M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.064	−0.013%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.103	+0.029%	$7.9M	$10.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.203	+0.135%	$31.9M	$53.2M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.223	+0.156%	$7.6M	$45.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.200	+0.132%	$336K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.203	+0.135%	$681K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.272	+0.209%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USDshort	+0.0100%	1h	94.271	+0.207%	$498K	$2.5M	20x
Bullet HYPE-USD	+0.0100%	1h	94.074	−0.002%	$112K	$579K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.103	+0.029%	$76K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.085	+0.010%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.070	−0.006%	$2.0M	$2.0M	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	94.160	+0.089%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.051	−0.027%	$18.4M	$42.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.106	+0.032%	$400K	$318K	20x	as long as short
Kalshi KXHYPEPERP	+0.0132%	8h	94.172	+0.102%	$1.9M	$5.0M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	94.110	+0.036%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0228%	4h	94.250	+0.185%	$1.5M	$7.8M	75x	as long as short
Reya HYPERUSDPERP	+0.0248%	1h	94.154	+0.083%	$77K	$142K	15x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	94.097	+0.022%	$2.8M	$6.9M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0292%	1h	94.165	+0.095%	$7.4M	$4.6M	50x	as long as short
BloFin HYPE-USDT	+0.0309%	4h	94.057	−0.020%	$17.0M	$12.6M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0341% / S −0.0165%	1h	94.158	+0.088%	$1.4M	—	100x	as long as short
Hyperliquid HYPE	+0.0518%	1h	94.129	+0.056%	$2.05B	$668.7M	10x	as long as short
Kraken Futures PF_HYPEUSD	+0.0576%	1h	94.170	+0.100%	$21.0M	$29.2M	50x	as long as short