HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.06 per $10,000 · paid last 24h −0.020%

Price spread now: Hotstuff against Ondo Perps+0.312%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · Hotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hotstuff is 0.312% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.312% now, against zero (this spread has no 7-day history yet)): +$31 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 23 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps HYPE-USD.P	93.700	−0.0035	get 0.0004% / 1h	57m 23s	$709K	$1.2M	10x
Short	Hotstuff HYPE-PERP	93.992	−0.0080	pay 0.0010% / 1h	57m 23s	$3K	$331	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Ondo Perps. 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 Ondo PerpsbpFee HotstuffbpOrdersPrice spread, now +0.312%Rate

Funding earned: −$9.41
Price spread: +0.312% → 0.000%: $31.16
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $11.76
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

Ondo Perps and 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	93.851	+0.161%	$200K	$242K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0273%	1h	94.091	+0.417%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERPshort	−0.0080%	1h	93.992	+0.312%	$3K	$331	25x
01 Exchange HYPEUSD	−0.0056%	1h	93.813	+0.121%	$86K	$372K	20x	as long as short
Ondo Perps HYPE-USD.Plong	−0.0035%	1h	93.700	long leg	$709K	$1.2M	10x
Orderly PERP_HYPE_USDC	−0.0016%	4h	93.759	+0.063%	$150K	$680K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.897	+0.210%	$129K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.811	+0.119%	$22K	$285K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.824	+0.132%	$63K	—	150x	as long as short
Bluefin HYPE-PERP	+0.0014%	1h	93.791	+0.097%	$79K	$166K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX HYPE-USDT	+0.0014%	4h	93.807	+0.114%	—	$53.8M	—	as long as short
Bybit HYPEUSDT	+0.0018%	8h	93.786	+0.092%	$317.0M	$287.4M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	93.872	+0.184%	$209K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0040%	4h	93.802	+0.109%	$226.1M	$99.4M	75x	as long as short
Phemex HYPEUSDT	+0.0054%	8h	93.817	+0.125%	$12.8M	$2.8M	50x	as long as short
edgeX HYPEUSDC	+0.0080%	4h	93.922	+0.237%	$5.0M	$30.4M	30x	as long as short
Arcus HYPE-USD	+0.0084%	1h	93.772	+0.077%	$1.0M	$4.0M	10x	as long as short
SoDEX HYPE-USD	+0.0088%	1h	93.785	+0.091%	$2.0M	$1.9M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0092%	8h	93.883	+0.195%	$341K	$158K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.836	+0.145%	$16.2M	$63.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.823	+0.131%	$3.1M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.791	+0.097%	$78K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.780	+0.085%	$22K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.778	+0.083%	$6.2M	$50.3M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.895	+0.208%	$2.05B	$683.0M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.811	+0.118%	$8.9M	$37.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.855	+0.165%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.802	+0.108%	$377.1M	$928.5M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.788	+0.094%	$115.8M	$316.5M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.213	+0.548%	$217K	$15K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.797	+0.104%	$48.3M	$54.7M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.804	+0.111%	$87.9M	$82.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.802	+0.109%	$46.3M	$18.9M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.799	+0.106%	$7.2M	$10.8M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.028	+0.350%	$28.8M	$56.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.099	+0.426%	$7.7M	$48.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.152	+0.482%	$344K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.875	+0.187%	$680K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.885	+0.198%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.814	+0.122%	$476K	$2.8M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	93.807	+0.114%	$112K	$581K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.782	+0.088%	$16.4M	$7.4M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.888	+0.201%	$32K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.950	+0.267%	$1.4M	$6.7M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.742	+0.045%	$18.3M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.804	+0.111%	$397K	$159K	20x	as long as short
Kalshi KXHYPEPERP	+0.0111%	8h	93.863	+0.174%	$1.8M	$5.6M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	93.830	+0.139%	$4.7M	$6.1M	50x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	93.760	+0.064%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0270%	1h	93.795	+0.101%	$77K	$130K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0315%	1h	93.880	+0.192%	$7.4M	$4.2M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0154%	1h	93.818	+0.126%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.949	+0.266%	$17.0M	$12.2M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0414%	1h	93.840	+0.150%	$20.9M	$29.6M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	93.814	+0.122%	$3.2M	$6.4M	20x	as long as short