HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0105%/8h= −11.5% APRnext payment −$0.13 per $10,000 · paid last 24h +0.002%

Price spread now: Ondo Perps against gTrade (Gains Network)−0.201%7-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 Ondo Perps

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—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Ondo Perps is 0.201% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) HYPE/USD	94.059	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	9m 53s	$26K	—	150x
Short	Ondo Perps HYPE-USD.P	93.870	−0.0102	pay 0.0013% / 1h	9m 53s	$710K	$959K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.201%Rate

Funding earned: −$21.99
Price spread: −0.201% → 0.000%: −$20.13
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$57.11
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; Ondo 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

gTrade (Gains Network) and Ondo 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	−0.1184%	1h	93.935	−0.132%	$199K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	93.925	−0.143%	$1.2M	$3.9M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0203%	1h	93.970	−0.095%	$22K	$21K	10x	as long as short
Phemex HYPEUSDT	−0.0107%	8h	93.975	−0.090%	$12.8M	$2.6M	50x	as long as short
Ondo Perps HYPE-USD.Pshort	−0.0102%	1h	93.870	−0.201%	$710K	$959K	10x
dYdX HYPE-USD	−0.0091%	1h	94.078	+0.020%	$129K	$31K	5x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	94.058	−0.001%	$86K	$359K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.046	−0.014%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0049%	1h	94.042	−0.019%	$113K	$581K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0028%	4h	94.005	−0.058%	$160K	$643K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate HYPE_USDT	−0.0016%	4h	94.016	−0.046%	$44.5M	$60.3M	75x	as long as short
Perpl HYPE	0.0000%	43m	94.054	−0.006%	$23K	$327K	10x	as long as short
gTrade (Gains Network) HYPE/USDlong	L +0.0002% / S −0.0003%	1h	94.059	long leg	$26K	—	150x
Aster HYPEUSDT	+0.0008%	4h	93.993	−0.070%	$8.9M	$36.1M	300x	as long as short
Bybit HYPEUSDT	+0.0010%	8h	94.017	−0.045%	$323.6M	$279.7M	75x	as long as short
Derive HYPE-PERP	+0.0017%	1h	93.978	−0.086%	$16.4M	$7.3M	10x	as long as short
Phoenix HYPE	+0.0034%	1h	94.071	+0.012%	$218K	$1.2M	10x	as long as short
MEXC HYPE_USDT	+0.0050%	4h	94.028	−0.033%	$88.5M	$83.3M	100x	as long as short
Binance HYPEUSDT	+0.0053%	4h	94.044	−0.016%	$383.9M	$894.3M	75x	as long as short
edgeX HYPEUSDC	+0.0058%	4h	93.999	−0.064%	$5.1M	$30.1M	30x	as long as short
OKX HYPE-USDT-SWAP	+0.0074%	8h	94.031	−0.030%	$116.2M	$315.6M	50x	as long as short
Lighter HYPE	+0.0096%	1h	94.040	−0.020%	$19.0M	$60.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.008	−0.055%	$3.0M	$12.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.054	−0.006%	$65K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	94.023	−0.039%	$400K	$180K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.073	+0.014%	$342K	$165K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.050	−0.010%	$29K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.013	−0.049%	$6.6M	$44.6M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.050	−0.010%	$2.05B	$676.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.080	+0.022%	$10.2M	$14.6M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.528	−0.564%	$204K	$12K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.042	−0.018%	$46.7M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.041	−0.019%	$227.7M	$100.3M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.029	−0.032%	—	$54.1M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.984	−0.080%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.920	−0.149%	$31.4M	$53.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.053	−0.007%	$7.6M	$46.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.061	+0.002%	$340K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.959	−0.107%	$671K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.062	+0.003%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.073	+0.015%	$475K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.014	−0.048%	$76K	$170K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.102	+0.045%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.980	−0.084%	$2.0M	$2.0M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.004	−0.059%	$18.4M	$45.2M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.080	+0.022%	$4.9M	$5.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.490	+0.458%	$31K	$338K	12x	as long as short
BloFin HYPE-USDT	+0.0208%	4h	93.959	−0.107%	$17.0M	$12.1M	75x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	94.085	+0.027%	$2.7M	$6.7M	20x	as long as short
Kalshi KXHYPEPERP	+0.0238%	8h	94.124	+0.069%	$1.9M	$5.1M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0252%	1h	94.043	−0.017%	$79K	$143K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0335% / S −0.0158%	1h	94.058	−0.001%	$1.4M	—	100x	as long as short
HTX HYPE-USDT	+0.0372%	4h	94.230	+0.181%	$1.5M	$5.9M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0431%	1h	94.085	+0.027%	$7.5M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0671%	1h	94.047	−0.013%	$21.0M	$29.8M	50x	as long as short