HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.029%

Price spread now: Variational Omni against gTrade (Gains Network)−0.077%156s7-day average −0.036% · 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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.108%+$11 on $10k

Price spread, last 4 days (all we have)−0.307%−$31 · spread now −0.077%, 7d avg −0.036%

Together, before fees−0.198%+ Points / potential airdropVariational Omni: Active · farm board−$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.041% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of −0.036%). If the spread goes back, that is −$4 on $10k: about 34 hours of funding at the current rate (+$3 a day). The two prices were read 156 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	95.216	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	58m 41s	$100K	—	150x
Short	Variational Omni HYPE	95.143	0.0100	get 0.0100% / 8h	5h 58m	$30.0M	$53.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.077%Rate

Funding earned: $20.62
Price spread: −0.077% → −0.036%: −$4.12
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $6.5
Costs to cover: 0.100%
Break-even: 4.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago	0.44 bp	doesn't fit	10.1 bp −$101	30.1 bp −$3,009	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 54 exchanges

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	−0.1336%	1h	95.197	−0.020%	$212K	$261K	7x	as long as short
Bullet HYPE-USD	−0.0360%	1h	95.215	−0.001%	$114K	$582K	20x	as long as short
Phemex HYPEUSDT	−0.0271%	8h	95.161	−0.058%	$13.0M	$2.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	−0.0251%	1h	95.225	+0.009%	$18.6M	$35.3M	50x	as long as short
Arcus HYPE-USD	−0.0159%	1h	95.203	−0.014%	$1.1M	$2.4M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0137%	1h	95.172	−0.046%	$22K	$17K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0125%	1h	95.140	−0.080%	$690K	$1.3M	10x	as long as short
01 Exchange HYPEUSD	−0.0112%	1h	95.228	+0.012%	$92K	$346K	20x	as long as short
Popdex HYPEUSDT	−0.0104%	1h	95.202	−0.015%	$274K	$1.0M	50x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.191	−0.026%	$3K	$331	25x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate HYPE_USDT	−0.0076%	4h	95.280	+0.067%	$54.6M	$53.0M	75x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0056%	1h	95.200	−0.017%	$4.7M	$5.5M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0039%	4h	95.191	−0.026%	$148K	$645K	20x	as long as short
Aster HYPEUSDT	−0.0025%	4h	95.267	+0.053%	$9.0M	$33.0M	300x	as long as short
Lighter HYPE	−0.0024%	1h	95.259	+0.045%	$16.3M	$57.4M	20x	as long as short
OKX HYPE-USDT-SWAP	−0.0009%	8h	95.245	+0.030%	$119.2M	$304.5M	50x	as long as short
dYdX HYPE-USD	0.0000%	1h	95.259	+0.045%	$129K	$94K	5x	as long as short
Perpl HYPE	0.0000%	43m	95.233	+0.018%	$24K	$254K	10x	as long as short
gTrade (Gains Network) HYPE/USDlong	L +0.0002% / S −0.0001%	1h	95.216	long leg	$100K	—	150x
Deribit HYPE_USDC-PERPETUAL	+0.0012%	1h	95.299	+0.087%	$7.5M	$4.3M	50x	as long as short
Bulk HYPE-USD	+0.0016%	1h	95.192	−0.025%	$232K	$12K	10x	as long as short
Phoenix HYPE	+0.0017%	1h	95.204	−0.013%	$201K	$945K	10x	as long as short
Bitget HYPEUSDT	+0.0022%	4h	95.286	+0.073%	$229.0M	$87.4M	75x	as long as short
SoDEX HYPE-USD	+0.0024%	1h	95.222	+0.006%	$2.1M	$373K	10x	as long as short
Bybit HYPEUSDT	+0.0033%	8h	95.271	+0.058%	$321.4M	$266.8M	75x	as long as short
Vest HYPE-PERP	+0.0045%	1h	95.267	+0.054%	—	$80K	5x	as long as short
Paradex HYPE-USD-PERP	+0.0073%	8h	95.262	+0.048%	$340K	$35K	20x	as long as short
edgeX HYPEUSDC	+0.0095%	4h	95.110	−0.112%	$5.1M	$29.5M	30x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.286	+0.073%	$3.3M	$9.9M	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	95.160	−0.059%	$39K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.205	−0.011%	$7.3M	$52.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.359	+0.150%	$2.11B	$649.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.286	+0.073%	$10.3M	$13.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	95.267	+0.053%	$382.8M	$859.1M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	95.256	+0.042%	$91.0M	$83.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.272	+0.059%	$48.1M	$17.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	95.279	+0.066%	—	$48.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	95.264	+0.050%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPEshort	+0.0100%	8h	95.143	−0.077%	$30.0M	$53.1M	—
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.108	−0.114%	$7.7M	$40.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.136	−0.084%	$347K	$883K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	95.218	+0.002%	$693K	$2.8M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	95.242	+0.027%	$504K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	95.223	+0.007%	$79K	$136K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.301	+0.089%	$33K	$1.4M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.307	+0.095%	$1.4M	$5.5M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	95.214	−0.003%	$18.4M	$40.0M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	95.200	−0.017%	$402K	$130K	20x	as long as short
Kalshi KXHYPEPERP	+0.0122%	8h	95.275	+0.062%	$1.8M	$5.1M	2.3x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	95.246	+0.031%	$3.1M	$5.5M	20x	as long as short
Reya HYPERUSDPERP	+0.0270%	1h	95.168	−0.050%	$85K	$100K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	95.246	+0.031%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	95.205	−0.012%	$17.3M	$11.6M	75x	as long as short
Injective HYPE/USDC PERP	+0.0969%	1h	95.400	+0.193%	$31K	$334K	12x	as long as short