Funding you earn now, next payment 02:00 UTC−0.0290%/8h= −31.7% APRnext payment −$0.36 per $10,000 · paid last 24h −0.087%
Price spread now: Hotstuff against RISEx−0.054%7-day average — · you buy dearer than you sell
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
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Hotstuff is 0.054% cheaper against RISEx than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx HYPE/USDC | 93.177 | 0.0210 | pay 0.0026% / 1h | 42m 20s | $2.7M | $6.7M | 20x |
| Short | Hotstuff HYPE-PERP | 93.127 | −0.0080 | pay 0.0010% / 1h | 42m 20s | $3K | $331 | 25x |
RISEx HYPE/USDC
Hotstuff HYPE-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff against RISEx. 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
- −$60.81
- Price spread: −0.054% → 0.000%
- −$5.36
- Slippage, 4 orders
- no order book: not counted
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$77.16
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: RISEx: live order book, 2 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 RISEx live order book, 2 min ago | 2.03 bp | 5.0 bp −$5 | 6.1 bp −$61 | 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 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 | −0.0976% | 1h | 93.346 | +0.181% | $197K | $229K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 93.001 | −0.189% | $1.2M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0163% | 1h | 93.316 | +0.150% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0133% | 1h | 93.340 | +0.175% | $698K | $979K | 10x | as long as short |
| Backpack HYPE_USDC_PERP | −0.0092% | 1h | 93.215 | +0.041% | $7.8M | $10.4M | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.140 | −0.040% | $84K | $361K | 20x | as long as short |
| Hotstuff HYPE-PERPshort | −0.0080% | 1h | 93.127 | −0.054% | $3K | $331 | 25x | |
| Gate HYPE_USDT | −0.0078% | 4h | 93.116 | −0.065% | $44.1M | $54.1M | 75x | as long as short |
| Phemex HYPEUSDT | −0.0068% | 8h | 93.331 | +0.165% | $12.7M | $2.7M | 50x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0056% | 4h | 93.107 | −0.075% | $155K | $652K | 20x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Backpack HYPE_USDC_PERP
01 Exchange HYPEUSD
Gate HYPE_USDT
Phemex HYPEUSDT
Orderly PERP_HYPE_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | −0.0029% | 4h | 93.148 | −0.032% | $8.8M | $36.2M | 300x | as long as short |
| Bluefin HYPE-PERP | −0.0023% | 1h | 93.083 | −0.101% | $79K | $173K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.166 | −0.012% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.145 | −0.035% | $22K | $333K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.129 | −0.052% | $25K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0007% | 8h | 93.100 | −0.083% | $318.3M | $283.4M | 75x | as long as short |
| BingX HYPE-USDT | +0.0018% | 4h | 93.102 | −0.080% | — | $54.2M | — | as long as short |
| Bullet HYPE-USD | +0.0038% | 1h | 93.099 | −0.084% | $111K | $579K | 20x | as long as short |
| MEXC HYPE_USDT | +0.0042% | 4h | 93.135 | −0.045% | $87.8M | $82.5M | 100x | as long as short |
| Binance HYPEUSDT | +0.0044% | 4h | 93.108 | −0.074% | $378.8M | $905.2M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0059% | 4h | 93.354 | +0.190% | $5.1M | $30.0M | 30x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.266 | +0.096% | $212K | $1.2M | 10x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0063% | 8h | 93.130 | −0.050% | $114.7M | $314.6M | 50x | as long as short |
| Derive HYPE-PERP | +0.0065% | 1h | 93.091 | −0.092% | $16.2M | $7.6M | 10x | as long as short |
| Aevo HYPE-PERP | +0.0088% | 1h | 93.094 | −0.089% | $396K | $177K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0095% | 8h | 93.201 | +0.026% | $339K | $165K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.122 | −0.059% | $16.4M | $62.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.133 | −0.047% | $3.1M | $11.8M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.133 | −0.047% | $65K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.160 | −0.018% | $35K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.138 | −0.041% | $6.5M | $44.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.229 | +0.056% | $2.03B | $675.9M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.153 | −0.026% | $10.0M | $14.7M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.404 | +0.243% | $203K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.136 | −0.044% | $45.9M | $18.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.133 | −0.047% | $225.4M | $100.7M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.241 | +0.068% | $30.9M | $55.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.215 | +0.041% | $7.5M | $47.7M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.381 | +0.219% | $337K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.389 | +0.228% | $666K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.206 | +0.031% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.162 | −0.016% | $466K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.364 | +0.201% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.281 | +0.112% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.092 | −0.091% | $18.4M | $44.4M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.400 | +0.239% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 93.330 | +0.164% | $30K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0175% | 4h | 93.407 | +0.247% | $17.0M | $12.1M | 75x | as long as short |
| RISEx HYPE/USDClong | +0.0210% | 1h | 93.177 | long leg | $2.7M | $6.7M | 20x | |
| HTX HYPE-USDT | +0.0245% | 4h | 93.499 | +0.346% | $1.4M | $6.1M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0254% | 1h | 93.133 | −0.047% | $79K | $142K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0259% | 8h | 93.416 | +0.257% | $1.9M | $5.2M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0334% / S −0.0158% | 1h | 93.137 | −0.043% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0479% | 1h | 93.399 | +0.238% | $7.5M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0683% | 1h | 93.362 | +0.198% | $20.8M | $30.0M | 50x | as long as short |
Aster HYPEUSDT
Bluefin HYPE-PERP
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
BingX HYPE-USDT
Bullet HYPE-USD
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
Phoenix HYPE
OKX HYPE-USDT-SWAP
Derive HYPE-PERP
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
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
Injective HYPE/USDC PERP
BloFin HYPE-USDT
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD