HYPE

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	AZversehype_usdt	76.037	+0.0042	pay 0.0005% / 1h	45m 45s	$7.5M	$690K	—	Long AZverse
SHORT	OrderlyPERP_HYPE_USDC	75.993	+0.0027	get 0.0014% / 4h	3h 45m	$148K	$279K	20x	Short Orderly

Price gap−0.058%

Funding gap−0.0014% /8h

The gap pays +$3 on $10k if it goes back to its 7d average, but funding costs $0 a day and eats that in about 6.0 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$1−0.0014% /8h now · paid −0.006% over the last 20 hours (all we have)

Price+$3spread −0.058% now, avg −0.084% → +0.026% if it goes back

Costsno datano order book for AZverse and Orderly

Result, before costs+$2+0.02%no pointscosts unknown: no order book for AZverse and Orderly · What the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.058%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

HYPE on 55 exchanges

lowest funding first

Before you open

2 ok · 2 to watch

Note: Order book unknown—
No order-book sample for AZverse and Orderly: its slippage is not counted.
Note: Margin at max leverage— + $500
AZverse —, Orderly 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$0.44Long AZverse: 24 payments, −$1.26; short Orderly: 6 payments, +$0.82.
OK: Entry gap works for you−0.058% vs −0.084%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$148K vs $7.5M OI
Orderly sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
OK: No KYC on either legAZverse No · Orderly No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0024%/8h × 21 periods−$5.09

Price spread−0.058% → −0.084% (7d avg)+$2.62

Slippage, 4 ordersno data for AZverse and Orderly—

Fee AZverse bp × 2 orders−$12.00

Fee Orderly bp × 2 orders−$6.00

Net, fees only · 7 days · $10k−$20.47

Costs to cover0.180%Break-evennever at this rate

Slippage: AZverse: no order-book sample; Orderly: no order-book sample

Cost to enter

taker + slippage from mid, one side

BUY · LONGAZverse—————

SELL · SHORTOrderly—————

Closing costs about the same again.
AZverse and Orderly: no data.

HYPE news

posts that mention HYPE, from every exchangeSearch all news →

10-21 03:47	Derive	Listing	Why we chose Risk Universes for Derive V3. V3 segments risk into universes: Prime (BTC/ETH), Midcap (HYPE), Altcoin and RWA. Inside each universe, accounts are fully cross-margined. In Midcap, for example, your ETH can be used as collateral to trade HYPE options. Across universes, risk stays in its own lane. Because risk is separated, V3 offers better haircuts and margin, and room to list more assets like RWAs and tail alts. The result: what we believe is the most capital-efficient options risk engine, onchain or off. @DeriveXYZ on X ↗
10-19 15:04	Bullet	Token	@hypurrdash tracked 400,000 retail traders on Hyperliquid. Since last November they lost $126M trading through wallet apps, and more than half of it was fees. $HYPE airdrop recipients lost $487M trading perps, and $261M of that was fees. Take a look yourself. Track your fees: @Bulletxyz on X ↗
10-18 04:12	HTX	Token	🔥Futures Hot Coins Points Race #4! Trading Pairs: ZEC/FIL/ADA/NEAR/HYPE Trade More → Earn More Points → Unlock More Rewards : Island Getaways, Hot Airdrops & More. Join Now »»» @HTX_Global on X ↗
10-15 13:32	GMX	Listing	new market HYPE/USD [USDG-USDG] ($HYPE) seen by our collector
10-13 15:13	OKX	Other	Europe, your next X Drops club is here. near:native, $ZEC, $XRP, $ONDO, $ENA, $SUI, $TAO, $HYPE, $PUMP, $LIT and $ZRO are in, with 38,000 near:native up for grabs. Join the drop. @okx on X ↗
10-13 13:51	Ondo Perps	Listing	New crypto perps campaign. New users can get up to 75% of fees back on crypto trades. The more volume you trade, the higher your fee rebate: ▸ $10K+ volume → get 10% of fees back ▸ $50K+ → get 25% back ▸ $250K+ → get 50% back ▸ $1M+ → get 75% back Crypto perps included in the campaign: ▸ $BTC ▸ $ETH ▸ $ZEC ▸ $SOL ▸ $ENA ▸ $XRP ▸ $HYPE ▸ $PUMP ▸ $ONDO Running from October 13 at 9AM ET to October 20 at 9AM ET. Limited to users who sign up for Ondo Perps after the campaign starts. Rebates are capped at $500 per user. Trade now → @OndoPerps on X ↗