HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0036%/8h= −4.0% APRpaid last 24h +0.014%

Price spread now: Katana Perps against Coinbase International−0.032%7-day average +0.008% · you buy dearer than you sell

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

Long on Coinbase International Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.138%+$14 on $10k

Price spread, last 3 days (all we have)+0.078%+$8 · spread now −0.032%, 7d avg +0.008%

Together, before fees+0.215%+$22 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 Katana Perps is 0.041% cheaper against Coinbase International than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.008%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.138%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International HYPE-PERP-INTX	93.460	0.0136	pay 0.0017% / 1h	49m 40s	$4.9M	$5.5M	50x
Short	Katana Perps HYPE-USD	93.430	0.0100	get 0.0100% / 8h	6h 49m	$37K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps against Coinbase International. 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 Coinbase InternationalbpFee Katana PerpsbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$7.6
Price spread: −0.032% → +0.008%: −$4.06
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$25.46
Costs to cover: 0.138%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 4 min ago; Katana Perps: 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 Coinbase International live order book, 4 min ago	3.22 bp	8.7 bp −$9	15.1 bp −$151	37.9 bp −$3,785	doesn't fit
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: 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	−0.1072%	1h	93.160	−0.321%	$196K	$229K	7x	as long as short
Arcus HYPE-USD	−0.0786%	1h	93.349	−0.119%	$1.2M	$3.9M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0206%	1h	93.313	−0.157%	$22K	$21K	10x	as long as short
Backpack HYPE_USDC_PERP	−0.0149%	1h	93.452	−0.009%	$7.8M	$10.6M	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0084%	1h	93.450	−0.011%	$699K	$979K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.282	−0.190%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0072%	1h	93.438	−0.024%	$85K	$361K	20x	as long as short
Gate HYPE_USDT	−0.0072%	4h	93.473	+0.014%	$44.3M	$53.8M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0048%	4h	93.406	−0.058%	$158K	$646K	20x	as long as short
Aster HYPEUSDT	−0.0024%	4h	93.550	+0.097%	$8.9M	$36.2M	300x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex HYPEUSDT	−0.0022%	8h	93.438	−0.024%	$12.7M	$2.7M	50x	as long as short
ApeX Omni HYPEUSDT	−0.0006%	1h	93.312	−0.158%	$337K	$1.1M	50x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.543	+0.088%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.437	−0.025%	$22K	$333K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.451	−0.010%	$26K	—	150x	as long as short
BingX HYPE-USDT	+0.0013%	4h	93.467	+0.007%	—	$54.2M	—	as long as short
Bybit HYPEUSDT	+0.0025%	8h	93.420	−0.043%	$319.7M	$282.8M	75x	as long as short
edgeX HYPEUSDC	+0.0038%	4h	93.103	−0.382%	$5.0M	$29.8M	30x	as long as short
MEXC HYPE_USDT	+0.0042%	4h	93.491	+0.033%	$88.0M	$81.9M	100x	as long as short
Binance HYPEUSDT	+0.0044%	4h	93.481	+0.022%	$381.1M	$904.2M	75x	as long as short
Bluefin HYPE-PERP	+0.0047%	1h	93.445	−0.016%	$79K	$173K	20x	as long as short
Derive HYPE-PERP	+0.0053%	1h	93.422	−0.041%	$16.2M	$7.6M	10x	as long as short
Phoenix HYPE	+0.0060%	1h	93.190	−0.289%	$212K	$1.2M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0065%	8h	93.469	+0.010%	$115.2M	$315.8M	50x	as long as short
Bullet HYPE-USD	+0.0066%	1h	93.420	−0.043%	$111K	$578K	20x	as long as short
Aevo HYPE-PERP	+0.0088%	1h	93.435	−0.027%	$397K	$177K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.492	+0.034%	$16.5M	$62.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.542	+0.088%	$3.1M	$11.8M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.424	−0.039%	$64K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.553	+0.099%	$340K	$165K	20x	as long as short
Katana Perps HYPE-USDshort	+0.0100%	8h	93.430	−0.032%	$37K	$1.6M	10x
Nado HYPE-PERP	+0.0100%	1h	93.430	−0.032%	$6.6M	$44.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.628	+0.180%	$2.04B	$672.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.512	+0.056%	$10.0M	$14.7M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.547	+0.093%	$46.1M	$18.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.475	+0.016%	$226.2M	$100.7M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.281	−0.192%	$30.9M	$55.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.172	−0.309%	$7.5M	$46.9M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.323	−0.147%	$666K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.444	−0.018%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.464	+0.004%	$468K	$2.5M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.514	+0.058%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.455	−0.005%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.250	−0.225%	$203K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.442	−0.019%	$18.4M	$44.4M	50x	as long as short
Coinbase International HYPE-PERP-INTXlong	+0.0136%	1h	93.460	long leg	$4.9M	$5.5M	50x
Injective HYPE/USDC PERP	+0.0137%	1h	93.170	−0.310%	$30K	$338K	12x	as long as short
BloFin HYPE-USDT	+0.0158%	4h	93.376	−0.090%	$17.0M	$12.1M	75x	as long as short
RISEx HYPE/USDC	+0.0210%	1h	93.504	+0.047%	$2.7M	$6.7M	20x	as long as short
Reya HYPERUSDPERP	+0.0253%	1h	93.419	−0.044%	$79K	$142K	15x	as long as short
Kalshi KXHYPEPERP	+0.0256%	8h	93.475	+0.016%	$1.9M	$5.2M	2.3x	as long as short
HTX HYPE-USDT	+0.0273%	4h	93.600	+0.150%	$1.5M	$6.1M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0334% / S −0.0158%	1h	93.443	−0.018%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0584%	1h	93.570	+0.118%	$7.5M	$4.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0682%	1h	93.548	+0.095%	$20.9M	$29.9M	50x	as long as short