HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0176%/8h= −19.3% APRnext payment −$0.22 per $10,000 · paid last 24h −0.049%

Price spread now: Hotstuff against Popdex+0.038%7-day average — · you sell dearer than you buy

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

Long on Popdex Short on Hotstuff

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

The price spread pays, funding is against you. Hotstuff is 0.038% dearer against Popdex than usual: you sell high and buy low (spread +0.038% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex HYPEUSDT	93.261	0.0096	pay 0.0012% / 1h	1m 08s	$67K	$1.2M	50x
Short	Hotstuff HYPE-PERP	93.296	−0.0080	pay 0.0010% / 1h	1m 08s	$3K	$331	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Popdex. 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 PopdexbpFee HotstuffbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$36.96
Price spread: +0.038% → 0.000%: $3.75
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$44.61
Costs to cover: 0.114%
Break-even: never at this rate

Slippage unknown: Popdex: live order book, 3 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 Popdex live order book, 3 min ago	0.32 bp	3.5 bp −$4	4.2 bp −$42	28.3 bp −$2,834	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	−0.1128%	1h	93.234	−0.029%	$196K	$226K	7x	as long as short
Arcus HYPE-USD	−0.0786%	1h	93.152	−0.117%	$1.2M	$3.8M	10x	as long as short
Hotstuff HYPE-PERPshort	−0.0080%	1h	93.296	+0.038%	$3K	$331	25x
Ondo Perps HYPE-USD.P	−0.0063%	1h	93.220	−0.044%	$698K	$904K	10x	as long as short
Phemex HYPEUSDT	−0.0052%	8h	93.290	+0.031%	$12.6M	$2.7M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0051%	4h	93.258	−0.003%	$156K	$640K	20x	as long as short
01 Exchange HYPEUSD	−0.0040%	1h	93.279	+0.019%	$85K	$346K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0012%	1h	93.422	+0.172%	$22K	$21K	10x	as long as short
Aster HYPEUSDT	−0.0001%	4h	93.261	0.000%	$8.8M	$35.7M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.294	+0.035%	$128K	$31K	5x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	93.260	−0.002%	$22K	$321K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.273	+0.013%	$25K	—	150x	as long as short
BingX HYPE-USDT	+0.0012%	4h	93.244	−0.018%	—	$53.2M	—	as long as short
Gate HYPE_USDT	+0.0014%	4h	93.242	−0.020%	$44.4M	$55.9M	75x	as long as short
Bybit HYPEUSDT	+0.0015%	8h	93.220	−0.044%	$319.8M	$275.9M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0021%	1h	93.223	−0.041%	$7.4M	$10.4M	20x	as long as short
Phoenix HYPE	+0.0060%	1h	93.424	+0.175%	$210K	$1.2M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0076%	8h	93.247	−0.015%	$114.5M	$301.0M	50x	as long as short
Bullet HYPE-USD	+0.0077%	1h	93.253	−0.009%	$111K	$578K	20x	as long as short
Binance HYPEUSDT	+0.0080%	4h	93.232	−0.031%	$379.3M	$878.4M	75x	as long as short
MEXC HYPE_USDT	+0.0080%	4h	93.239	−0.024%	$88.0M	$83.5M	100x	as long as short
edgeX HYPEUSDC	+0.0083%	4h	93.380	+0.128%	$5.0M	$30.0M	30x	as long as short
Bluefin HYPE-PERP	+0.0094%	1h	93.201	−0.064%	$79K	$170K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.272	+0.012%	$16.3M	$62.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.264	+0.003%	$3.1M	$11.9M	20x	as long as short
Popdex HYPEUSDTlong	+0.0096%	1h	93.261	long leg	$67K	$1.2M	50x
Paradex HYPE-USD-PERP	+0.0097%	8h	93.331	+0.075%	$339K	$163K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.280	+0.020%	$12K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.293	+0.034%	$5.7M	$43.6M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.355	+0.101%	$2.04B	$657.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.297	+0.039%	$10.0M	$14.7M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.335	+0.079%	$203K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.265	+0.004%	$46.2M	$18.0M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.236	−0.027%	$225.6M	$96.9M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.219	−0.045%	$31.1M	$54.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.419	+0.169%	$7.5M	$46.9M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.390	+0.138%	$337K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.362	+0.108%	$666K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.335	+0.079%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.286	+0.027%	$474K	$2.4M	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.233	−0.031%	$16.2M	$7.6M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.358	+0.104%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.237	−0.026%	$2.0M	$1.9M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.224	−0.039%	$18.3M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.254	−0.008%	$397K	$172K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0136%	1h	93.350	+0.095%	$4.9M	$5.4M	50x	as long as short
Injective HYPE/USDC PERP	+0.0137%	1h	94.180	+0.985%	$31K	$339K	12x	as long as short
HTX HYPE-USDT	+0.0201%	4h	93.450	+0.203%	$1.4M	$5.9M	75x	as long as short
RISEx HYPE/USDC	+0.0210%	1h	93.355	+0.100%	$3.2M	$6.7M	20x	as long as short
Reya HYPERUSDPERP	+0.0256%	1h	93.234	−0.029%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0278%	8h	93.306	+0.048%	$1.9M	$4.9M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.270	+0.010%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0415%	1h	93.349	+0.094%	$7.4M	$4.4M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0683%	1h	93.331	+0.075%	$20.8M	$30.0M	50x	as long as short