HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0220%/8h= +24.1% APRnext payment +$0.27 per $10,000 · paid last 24h +0.061%

Price spread now: RISEx against gTrade (Gains Network)−0.083%47s7-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 RISEx

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. RISEx is 0.083% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.083% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 30 hours of funding at the current rate (+$7 a day). The two prices were read 47 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	94.122	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	32m 43s	$27K	—	150x
Short	RISEx HYPE/USDC	94.044	0.0222	get 0.0028% / 1h	32m 43s	$2.8M	$6.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.083%Rate

Funding earned: $46.16
Price spread: −0.083% → 0.000%: −$8.3
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $21.87
Costs to cover: 0.160%
Break-even: 3.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; RISEx: live order book, 1 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 RISEx live order book, 1 min ago	0.90 bp	3.9 bp −$4	5.0 bp −$50	doesn't fit	doesn't fit

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	−0.1448%	1h	94.283	+0.171%	$200K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	93.926	−0.208%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0242%	1h	94.220	+0.104%	$22K	$23K	10x	as long as short
Phemex HYPEUSDT	−0.0236%	8h	94.135	+0.014%	$12.8M	$2.6M	50x	as long as short
dYdX HYPE-USD	−0.0164%	1h	94.128	+0.006%	$129K	$31K	5x	as long as short
Ondo Perps HYPE-USD.P	−0.0159%	1h	93.970	−0.162%	$710K	$947K	10x	as long as short
Bullet HYPE-USD	−0.0091%	1h	94.087	−0.037%	$112K	$580K	20x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	94.217	+0.101%	$86K	$361K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.258	+0.144%	$3K	$331	25x	as long as short
Bybit HYPEUSDT	−0.0019%	8h	94.020	−0.108%	$323.0M	$280.8M	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	−0.0014%	4h	94.093	−0.031%	$161K	$638K	20x	as long as short
Gate HYPE_USDT	−0.0002%	4h	94.034	−0.094%	$44.5M	$59.7M	75x	as long as short
Perpl HYPE	0.0000%	43m	94.151	+0.030%	$23K	$327K	10x	as long as short
gTrade (Gains Network) HYPE/USDlong	L +0.0002% / S −0.0003%	1h	94.122	long leg	$27K	—	150x
Aster HYPEUSDT	+0.0025%	4h	94.091	−0.034%	$8.9M	$36.1M	300x	as long as short
Phoenix HYPE	+0.0034%	1h	94.342	+0.234%	$219K	$1.2M	10x	as long as short
MEXC HYPE_USDT	+0.0050%	4h	94.050	−0.077%	$89.4M	$82.5M	100x	as long as short
Binance HYPEUSDT	+0.0051%	4h	94.048	−0.079%	$383.6M	$893.6M	75x	as long as short
Derive HYPE-PERP	+0.0056%	1h	94.053	−0.074%	$16.4M	$7.3M	10x	as long as short
edgeX HYPEUSDC	+0.0061%	4h	94.240	+0.125%	$5.1M	$29.9M	30x	as long as short
OKX HYPE-USDT-SWAP	+0.0080%	8h	94.032	−0.096%	$116.0M	$318.7M	50x	as long as short
Lighter HYPE	+0.0096%	1h	94.098	−0.026%	$19.0M	$59.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.085	−0.039%	$3.0M	$12.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.182	+0.064%	$66K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	94.084	−0.040%	$400K	$188K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.098	−0.026%	$342K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.040	−0.087%	$26K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.208	+0.092%	$6.7M	$44.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.187	+0.069%	$2.05B	$676.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.075	−0.050%	$10.2M	$14.6M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.080	−0.045%	$46.6M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.006	−0.123%	$228.0M	$100.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.034	−0.094%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.090	−0.034%	$7.7M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.220	+0.104%	$31.8M	$54.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.271	+0.158%	$7.6M	$45.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.252	+0.138%	$341K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.262	+0.149%	$682K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.245	+0.130%	—	$248K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.204	+0.087%	$481K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.075	−0.050%	$76K	$171K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.344	+0.236%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.089	−0.035%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.120	−0.002%	$205K	$4K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.981	−0.150%	$18.8M	$44.5M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.120	−0.002%	$4.9M	$5.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.490	+0.391%	$31K	$338K	12x	as long as short
BloFin HYPE-USDT	+0.0206%	4h	94.147	+0.026%	$17.0M	$12.2M	75x	as long as short
Kalshi KXHYPEPERP	+0.0213%	8h	94.209	+0.092%	$1.9M	$5.1M	2.3x	as long as short
RISEx HYPE/USDCshort	+0.0222%	1h	94.044	−0.083%	$2.8M	$6.7M	20x
Reya HYPERUSDPERP	+0.0251%	1h	94.130	+0.009%	$79K	$145K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0334% / S −0.0153%	1h	94.125	+0.003%	$1.5M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0345%	1h	94.182	+0.064%	$7.5M	$4.7M	50x	as long as short
HTX HYPE-USDT	+0.0438%	4h	94.300	+0.189%	$1.5M	$6.3M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0670%	1h	94.181	+0.062%	$21.0M	$29.7M	50x	as long as short