HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0097%/8h= −10.7% APRnext payment −$0.12 per $10,000 · paid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Bulk+0.563%7-day average — · you sell dearer than you buy

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

Long on Bulk Short on gTrade (Gains Network)

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—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.563% dearer against Bulk than usual: you sell high and buy low (spread +0.563% now, against zero (this spread has no 7-day history yet)): +$56 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk HYPE-USD	93.528	0.0100	pay 0.0013% / 1h	14m 57s	$204K	$12K	10x
Short	gTrade (Gains Network) HYPE/USD	94.055	L +0.0002% / S −0.0003%	get 0.0000% / 1h	14m 57s	$27K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bulk. 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 BulkbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.563%Rate

Funding earned: −$20.43
Price spread: +0.563% → 0.000%: $56.33
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $18.9
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Bulk: live order book, 59 min ago; gTrade (Gains Network): 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 Bulk live order book, 59 min ago	0.53 bp	4.0 bp −$4	5.9 bp −$59	12.3 bp −$1,232	35.8 bp −$17.9K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.1256%	1h	93.810	+0.301%	$199K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	93.914	+0.412%	$1.3M	$3.9M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0197%	1h	93.894	+0.391%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0124%	1h	93.940	+0.440%	$708K	$960K	10x	as long as short
Phemex HYPEUSDT	−0.0123%	8h	94.039	+0.546%	$12.8M	$2.6M	50x	as long as short
dYdX HYPE-USD	−0.0101%	1h	94.003	+0.508%	$129K	$31K	5x	as long as short
01 Exchange HYPEUSD	−0.0088%	1h	94.057	+0.565%	$85K	$361K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.002	+0.506%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0075%	1h	94.032	+0.538%	$113K	$581K	20x	as long as short
Gate HYPE_USDT	−0.0036%	4h	94.051	+0.559%	$44.5M	$60.2M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_HYPE_USDC	−0.0027%	4h	94.014	+0.519%	$160K	$646K	20x	as long as short
Bybit HYPEUSDT	−0.0008%	8h	94.047	+0.555%	$323.7M	$280.9M	75x	as long as short
Perpl HYPE	0.0000%	43m	94.034	+0.541%	$23K	$326K	10x	as long as short
gTrade (Gains Network) HYPE/USDshort	L +0.0002% / S −0.0003%	1h	94.055	+0.563%	$27K	—	150x
Aster HYPEUSDT	+0.0008%	4h	94.052	+0.560%	$8.9M	$36.2M	300x	as long as short
Derive HYPE-PERP	+0.0017%	1h	93.989	+0.493%	$16.4M	$7.3M	10x	as long as short
Phoenix HYPE	+0.0034%	1h	93.678	+0.160%	$218K	$1.2M	10x	as long as short
MEXC HYPE_USDT	+0.0042%	4h	94.083	+0.593%	$88.7M	$83.2M	100x	as long as short
Binance HYPEUSDT	+0.0045%	4h	94.079	+0.588%	$383.7M	$895.9M	75x	as long as short
edgeX HYPEUSDC	+0.0062%	4h	93.602	+0.079%	$5.1M	$30.1M	30x	as long as short
OKX HYPE-USDT-SWAP	+0.0075%	8h	94.067	+0.576%	$116.2M	$317.5M	50x	as long as short
Aevo HYPE-PERP	+0.0088%	1h	94.049	+0.557%	$400K	$180K	20x	as long as short
Lighter HYPE	+0.0096%	1h	94.091	+0.601%	$19.1M	$60.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.083	+0.593%	$3.0M	$12.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.042	+0.549%	$65K	$1.2M	50x	as long as short
Bluefin HYPE-PERP	+0.0096%	1h	94.042	+0.549%	$76K	$171K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.057	+0.565%	$342K	$165K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.000	+0.504%	$29K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.993	+0.497%	$6.6M	$44.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.102	+0.613%	$2.05B	$676.3M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.034	+0.541%	$10.2M	$14.6M	20x	as long as short
Bulk HYPE-USDlong	+0.0100%	1h	93.528	long leg	$204K	$12K	10x
KuCoin HYPEUSDTM	+0.0100%	4h	94.071	+0.580%	$46.7M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.069	+0.578%	$227.9M	$101.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.057	+0.565%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.064	+0.573%	$7.7M	$10.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.810	+0.302%	$31.4M	$54.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.614	+0.092%	$7.5M	$46.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.656	+0.136%	$339K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.843	+0.336%	$670K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.020	+0.526%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.076	+0.586%	$476K	$2.5M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.142	+0.656%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.076	+0.586%	$2.0M	$2.0M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.048	+0.555%	$18.4M	$45.4M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.060	+0.568%	$4.9M	$5.5M	50x	as long as short
BloFin HYPE-USDT	+0.0181%	4h	94.072	+0.581%	$17.1M	$12.2M	75x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.490	+1.028%	$31K	$338K	12x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	94.061	+0.570%	$2.7M	$6.8M	20x	as long as short
Kalshi KXHYPEPERP	+0.0227%	8h	94.094	+0.605%	$1.9M	$5.1M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0252%	1h	94.045	+0.553%	$79K	$143K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0335% / S −0.0156%	1h	94.060	+0.568%	$1.4M	—	100x	as long as short
HTX HYPE-USDT	+0.0379%	4h	94.200	+0.718%	$1.5M	$6.0M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0622%	1h	94.165	+0.681%	$7.5M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0671%	1h	94.160	+0.675%	$21.0M	$29.8M	50x	as long as short