HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0180%/8h= −19.7% APRnext payment −$0.23 per $10,000 · paid last 24h −0.054%

Price spread now: Hotstuff against Pacifica−0.031%54s7-day average — · you buy dearer than you sell

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

Long on Pacifica 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 airdropPacifica: Active · Hotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.031% cheaper against Pacifica than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. 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	Pacifica HYPE	95.128	0.0100	pay 0.0013% / 1h	14m 43s	$10.3M	$14.2M	20x
Short	Hotstuff HYPE-PERP	95.099	−0.0080	pay 0.0010% / 1h	14m 43s	$3K	$331	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Pacifica. 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 PacificabpFee HotstuffbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$37.8
Price spread: −0.031% → 0.000%: −$3.1
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$53.9
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 4 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 Pacifica live order book, 4 min ago	0.52 bp	4.7 bp −$5	doesn't fit	doesn't fit	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 54 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	−0.0808%	1h	95.071	−0.061%	$212K	$265K	7x	as long as short
Bluefin HYPE-PERP	−0.0543%	1h	95.009	−0.126%	$79K	$148K	20x	as long as short
Phemex HYPEUSDT	−0.0264%	8h	95.057	−0.075%	$13.0M	$2.8M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0257%	1h	95.009	−0.126%	$22K	$19K	10x	as long as short
Bullet HYPE-USD	−0.0210%	1h	95.045	−0.087%	$113K	$577K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0135%	1h	95.040	−0.093%	$705K	$1.3M	10x	as long as short
dYdX HYPE-USD	−0.0128%	1h	95.078	−0.053%	$130K	$93K	5x	as long as short
01 Exchange HYPEUSD	−0.0112%	1h	95.099	−0.031%	$90K	$356K	20x	as long as short
Arcus HYPE-USD	−0.0112%	1h	95.064	−0.068%	$1.0M	$3.2M	10x	as long as short
Hotstuff HYPE-PERPshort	−0.0080%	1h	95.099	−0.031%	$3K	$331	25x

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_HYPEUSD	−0.0047%	1h	95.055	−0.077%	$18.9M	$35.7M	50x	as long as short
Bybit HYPEUSDT	−0.0016%	8h	95.080	−0.051%	$319.5M	$288.5M	75x	as long as short
Gate HYPE_USDT	−0.0008%	4h	95.080	−0.051%	$52.7M	$56.4M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0005%	4h	95.045	−0.088%	$147K	$670K	20x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	95.155	+0.028%	$1.9M	$5.5M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	95.111	−0.019%	$19K	$274K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.070	−0.061%	$85K	—	150x	as long as short
Phoenix HYPE	+0.0008%	1h	95.182	+0.056%	$212K	$1.2M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	95.090	−0.040%	$4.7M	$5.8M	50x	as long as short
Vest HYPE-PERP	+0.0029%	1h	95.155	+0.028%	—	$126K	5x	as long as short
OKX HYPE-USDT-SWAP	+0.0037%	8h	95.081	−0.050%	$118.6M	$322.9M	50x	as long as short
Bitget HYPEUSDT	+0.0040%	4h	95.080	−0.051%	$228.2M	$94.8M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0048%	8h	95.129	+0.001%	$340K	$38K	20x	as long as short
Backpack HYPE_USDC_PERP	+0.0057%	1h	95.059	−0.073%	$7.6M	$10.1M	20x	as long as short
SoDEX HYPE-USD	+0.0094%	1h	95.061	−0.071%	$2.1M	$1.9M	10x	as long as short
Lighter HYPE	+0.0096%	1h	95.096	−0.034%	$16.3M	$63.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.109	−0.020%	$3.2M	$10.4M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	95.057	−0.075%	$150K	$1.2M	50x	as long as short
edgeX HYPEUSDC	+0.0096%	4h	95.126	−0.003%	$5.1M	$31.1M	30x	as long as short
Aster HYPEUSDT	+0.0097%	4h	95.088	−0.043%	$9.0M	$36.7M	300x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0097%	1h	95.143	+0.015%	$7.5M	$4.4M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	95.110	−0.019%	$40K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.053	−0.079%	$6.6M	$51.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.234	+0.111%	$2.10B	$678.3M	10x	as long as short
Pacifica HYPElong	+0.0100%	1h	95.128	long leg	$10.3M	$14.2M	20x
Binance HYPEUSDT	+0.0100%	4h	95.109	−0.020%	$382.9M	$916.0M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.126	−0.002%	$222K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	95.093	−0.037%	$98.2M	$89.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.083	−0.048%	$47.4M	$18.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	95.085	−0.046%	—	$52.8M	—	as long as short
Variational Omni HYPE	+0.0100%	8h	95.091	−0.039%	$29.9M	$56.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.104	−0.026%	$7.7M	$44.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.124	−0.005%	$348K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	95.146	+0.018%	$692K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	95.060	−0.072%	$500K	$2.7M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.009	−0.126%	$33K	$1.5M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.194	+0.069%	$1.4M	$6.7M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	95.043	−0.090%	$18.3M	$42.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	95.048	−0.085%	$402K	$148K	20x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	95.088	−0.042%	$3.1M	$6.3M	20x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	95.380	+0.264%	$31K	$340K	12x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	95.040	−0.093%	$85K	$94K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0155%	1h	95.120	−0.008%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	95.062	−0.070%	$17.2M	$12.3M	75x	as long as short