HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0136%/8h= −14.9% APRnext payment −$0.17 per $10,000 · paid last 24h −0.022%

Price spread now: Hotstuff against 01 Exchange−0.102%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange 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 airdropHotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Hotstuff is 0.102% cheaper against 01 Exchange than usual: you would sell low and buy high (−$10 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	01 Exchange HYPEUSD	93.014	0.0056	pay 0.0007% / 1h	52m 57s	$87K	$362K	20x
Short	Hotstuff HYPE-PERP	92.919	−0.0080	pay 0.0010% / 1h	52m 57s	$3K	$331	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against 01 Exchange. 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 01 ExchangebpFee HotstuffbpOrdersPrice spread, now −0.102%Rate

Funding earned: −$28.56
Price spread: −0.102% → 0.000%: −$10.21
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$50.77
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: 01 Exchange: live order book, 1 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 01 Exchange live order book, 1 min ago	0.16 bp	5.1 bp −$5	10.9 bp −$109	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	−0.0528%	1h	92.732	−0.303%	$193K	$228K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0264%	1h	92.854	−0.172%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	92.935	−0.085%	$1.1M	$3.9M	10x	as long as short
Hotstuff HYPE-PERPshort	−0.0080%	1h	92.919	−0.102%	$3K	$331	25x
Orderly PERP_HYPE_USDC	−0.0063%	4h	92.951	−0.068%	$158K	$658K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.935	−0.085%	$127K	$29K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	92.955	−0.063%	$1.8M	$5.4M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	93.006	−0.009%	$22K	$301K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.006	−0.009%	$62K	—	150x	as long as short
Gate HYPE_USDT	+0.0020%	4h	92.985	−0.031%	$44.6M	$53.6M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix HYPE	+0.0026%	1h	92.888	−0.135%	$210K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0034%	8h	92.978	−0.039%	$12.6M	$2.7M	50x	as long as short
Bybit HYPEUSDT	+0.0037%	8h	92.980	−0.037%	$316.5M	$282.2M	75x	as long as short
01 Exchange HYPEUSDlong	+0.0056%	1h	93.014	long leg	$87K	$362K	20x
Aster HYPEUSDT	+0.0079%	4h	92.999	−0.016%	$8.7M	$36.2M	300x	as long as short
Bullet HYPE-USD	+0.0080%	1h	92.962	−0.055%	$112K	$578K	20x	as long as short
edgeX HYPEUSDC	+0.0081%	4h	92.806	−0.223%	$4.9M	$29.6M	30x	as long as short
Bitget HYPEUSDT	+0.0082%	4h	92.983	−0.033%	$225.2M	$98.9M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0091%	1h	92.800	−0.230%	$697K	$1.1M	10x	as long as short
Lighter HYPE	+0.0096%	1h	93.008	−0.006%	$16.1M	$62.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.018	+0.004%	$3.1M	$11.6M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	92.982	−0.034%	$70K	$1.1M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0096%	8h	92.956	−0.063%	$339K	$163K	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0099%	8h	92.989	−0.027%	$114.1M	$304.7M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.960	−0.058%	$39K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.915	−0.107%	$7.5M	$45.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.052	+0.041%	$2.03B	$664.0M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.959	−0.059%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.004	−0.011%	$374.1M	$903.8M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.942	−0.078%	$202K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.011	−0.003%	$88.1M	$79.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.000	−0.015%	$46.2M	$18.4M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	92.990	−0.026%	—	$53.8M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.015	+0.001%	$7.3M	$11.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.709	−0.328%	$28.4M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.766	−0.266%	$7.5M	$46.3M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.797	−0.233%	$350K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.833	−0.195%	$667K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.009	−0.005%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.009	−0.005%	$469K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.998	−0.017%	$79K	$168K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.972	−0.045%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.999	−0.016%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.006	−0.009%	$2.0M	$2.0M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.972	−0.045%	$18.1M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.002	−0.013%	$393K	$164K	20x	as long as short
HTX HYPE-USDT	+0.0108%	4h	93.100	+0.092%	$1.4M	$6.3M	75x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.020	+0.006%	$4.7M	$5.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0197%	1h	93.085	+0.076%	$20.7M	$30.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	92.750	−0.284%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0264%	1h	92.974	−0.043%	$79K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	92.988	−0.028%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.994	−0.022%	$16.8M	$11.7M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0459%	1h	93.091	+0.083%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	93.028	+0.015%	$3.2M	$6.4M	20x	as long as short