HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.12 per $10,000 · paid last 24h −0.037%

Price spread now: Orderly against Binance−0.052%49s7-day average −0.014% · you buy dearer than you sell

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

Long on Binance Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.168%−$17 on $10k

Price spread, last 3 days (all we have)−0.106%−$11 · spread now −0.052%, 7d avg −0.014%

Together, before fees−0.274%−$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.038% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.014%). Swap the legs. The two prices were read 49 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	Binance HYPEUSDT	93.419	0.0100	pay 0.0050% / 4h	2h 49m	$386.3M	$890.0M	75x
Short	Orderly PERP_HYPE_USDC	93.370	0.0076	get 0.0038% / 4h	2h 49m	$180K	$536K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Binance. 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 BinancebpFee OrderlybpOrdersPrice spread, now −0.052%Rate

Funding earned: −$4.96
Price spread: −0.052% → −0.014%: −$3.8
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$24.76
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 9 min ago; Orderly: 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 Binance live order book, 9 min ago	0.05 bp	5.1 bp −$5	6.1 bp −$61	15.6 bp −$1,559	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.1280%	1h	93.248	−0.182%	$197K	$233K	7x	as long as short
Ondo Perps HYPE-USD.P	−0.0186%	1h	93.210	−0.224%	$700K	$943K	10x	as long as short
Aftermath Perps HYPEUSD	−0.0136%	1h	93.337	−0.087%	$22K	$22K	10x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	93.419	0.000%	$89K	$344K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.380	−0.042%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0034%	1h	93.332	−0.093%	$113K	$583K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.407	−0.012%	$127K	$33K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	93.446	+0.029%	$1.9M	$5.4M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	93.441	+0.024%	$23K	$343K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.398	−0.022%	$20K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0010%	4h	93.429	+0.011%	$8.9M	$36.3M	300x	as long as short
Derive HYPE-PERP	+0.0017%	1h	93.309	−0.118%	$16.4M	$7.1M	10x	as long as short
Gate HYPE_USDT	+0.0018%	4h	93.418	−0.001%	$44.2M	$56.2M	75x	as long as short
Bybit HYPEUSDT	+0.0041%	8h	93.390	−0.031%	$325.6M	$288.3M	75x	as long as short
Phoenix HYPE	+0.0068%	1h	93.408	−0.012%	$216K	$1.2M	10x	as long as short
Orderly PERP_HYPE_USDCshort	+0.0076%	4h	93.370	−0.052%	$180K	$536K	20x
ApeX Omni HYPEUSDT	+0.0092%	1h	93.318	−0.108%	$405K	$1.1M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.443	+0.025%	$18.5M	$59.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.467	+0.052%	$3.1M	$12.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.399	−0.021%	$56K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.420	+0.001%	$40K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.398	−0.022%	$6.0M	$44.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.462	+0.046%	$2.03B	$668.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.432	+0.014%	$10.0M	$14.5M	20x	as long as short
Binance HYPEUSDTlong	+0.0100%	4h	93.419	long leg	$386.3M	$890.0M	75x
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.392	−0.029%	$114.8M	$316.4M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.383	−0.038%	$1.2M	$4.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.335	−0.089%	$204K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.391	−0.030%	$92.5M	$81.7M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.409	−0.011%	$46.3M	$19.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.404	−0.016%	$226.9M	$102.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.399	−0.021%	—	$54.5M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.384	−0.037%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.295	−0.132%	$28.8M	$49.8M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.336	−0.088%	$7.5M	$46.2M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.344	−0.080%	$675K	$2.4M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.438	+0.020%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.428	+0.010%	$493K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.366	−0.057%	$76K	$169K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.389	−0.032%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.342	−0.082%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.346	−0.078%	$12.7M	$2.6M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0100%	8h	93.427	+0.009%	$339K	$171K	20x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.386	−0.035%	$18.4M	$41.0M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.361	−0.061%	$397K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0113%	4h	93.276	−0.153%	$5.1M	$29.5M	30x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.420	+0.001%	$4.9M	$5.7M	50x	as long as short
Reya HYPERUSDPERP	+0.0245%	1h	93.392	−0.028%	$77K	$157K	15x	as long as short
Injective HYPE/USDC PERP	+0.0285%	1h	93.230	−0.202%	$30K	$231K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0285%	1h	93.449	+0.032%	$7.4M	$4.6M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0165%	1h	93.390	−0.031%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.295	−0.133%	$17.1M	$12.5M	75x	as long as short
HTX HYPE-USDT	+0.0403%	4h	93.550	+0.140%	$1.5M	$7.6M	75x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.466	+0.050%	$2.7M	$6.8M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0574%	1h	93.446	+0.029%	$19.2M	$25.8M	50x	as long as short