HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%

Price spread now: Bulk against gTrade (Gains Network)−0.129%48s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Bulk

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

Funding pays, the price is against you. Bulk is 0.129% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.129% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 4.4 days of funding at the current rate (+$3 a day). The two prices were read 48 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	gTrade (Gains Network) HYPE/USD	93.350	L +0.0002% / S −0.0002%	pay 0.0000% / 1h	23m 38s	$62K	—	150x
Short	Bulk HYPE-USD	93.230	0.0100	get 0.0013% / 1h	23m 38s	$215K	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BulkbpOrdersPrice spread, now −0.129%Rate

Funding earned: $20.52
Price spread: −0.129% → 0.000%: −$12.87
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$9.36
Costs to cover: 0.170%
Break-even: 10.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bulk: live order book, 25 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Bulk live order book, 25 min ago	0.53 bp	4.0 bp −$4	6.1 bp −$61	14.9 bp −$1,486	47.3 bp −$23.7K

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	−0.1424%	1h	93.245	−0.113%	$197K	$237K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0375%	1h	93.237	−0.121%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.266	−0.090%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0065%	1h	93.315	−0.037%	$111K	$581K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0021%	4h	93.316	−0.036%	$145K	$671K	20x	as long as short
01 Exchange HYPEUSD	−0.0008%	1h	93.211	−0.149%	$87K	$365K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.304	−0.050%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.347	−0.003%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USDlong	L +0.0002% / S −0.0002%	1h	93.350	long leg	$62K	—	150x
Arcus HYPE-USD	+0.0011%	1h	93.171	−0.192%	$1.0M	$3.9M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget HYPEUSDT	+0.0014%	4h	93.219	−0.140%	$224.9M	$98.9M	75x	as long as short
Bybit HYPEUSDT	+0.0018%	8h	93.214	−0.146%	$316.5M	$282.2M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	93.282	−0.073%	$207K	$1.2M	10x	as long as short
Ondo Perps HYPE-USD.P	+0.0032%	1h	93.240	−0.118%	$702K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0058%	8h	93.343	−0.007%	$12.7M	$2.8M	50x	as long as short
edgeX HYPEUSDC	+0.0085%	4h	93.101	−0.267%	$4.9M	$29.9M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0094%	8h	93.290	−0.064%	$339K	$157K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.266	−0.090%	$16.1M	$63.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.258	−0.099%	$3.1M	$11.5M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.347	−0.003%	$75K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.190	−0.171%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.284	−0.070%	$8.0M	$48.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.313	−0.040%	$2.03B	$665.4M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.258	−0.099%	$8.7M	$36.3M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.258	−0.098%	$10.0M	$15.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.251	−0.106%	$373.9M	$911.6M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.205	−0.155%	$114.5M	$308.9M	50x	as long as short
Bulk HYPE-USDshort	+0.0100%	1h	93.230	−0.129%	$215K	$15K	10x
Gate HYPE_USDT	+0.0100%	4h	93.234	−0.124%	$46.9M	$54.4M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.235	−0.123%	$90.6M	$81.3M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.259	−0.097%	$46.1M	$18.8M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.201	−0.160%	—	$53.8M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.341	−0.010%	$7.1M	$10.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.070	−0.300%	$28.4M	$56.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.241	−0.117%	$7.5M	$47.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.095	−0.273%	$341K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.296	−0.058%	$668K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.361	+0.011%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.346	−0.004%	$484K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.353	+0.003%	$79K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.337	−0.013%	$16.1M	$7.4M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.375	+0.027%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.359	+0.010%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.450	+0.107%	$1.4M	$6.5M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.172	−0.191%	$18.1M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.357	+0.007%	$395K	$158K	20x	as long as short
Kalshi KXHYPEPERP	+0.0105%	8h	93.353	+0.003%	$1.8M	$5.6M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	93.620	+0.289%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.370	+0.021%	$4.6M	$5.8M	50x	as long as short
Reya HYPERUSDPERP	+0.0269%	1h	93.327	−0.025%	$80K	$127K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.336	−0.015%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.269	−0.087%	$16.8M	$11.9M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0341%	1h	93.403	+0.057%	$20.8M	$29.5M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0489%	1h	93.445	+0.102%	$7.5M	$4.0M	50x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	93.269	−0.087%	$3.2M	$6.2M	20x	as long as short