HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0055%/8h= +6.0% APRnext payment +$0.27 per $10,000 · paid last 24h +0.037%

Price spread now: Binance against Orderly+0.010%7-day average +0.013% · you sell dearer than you buy

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

Long on Orderly Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.168%+$17 on $10k

Price spread, last 3 days (all we have)+0.028%+$3 · spread now +0.010%, 7d avg +0.013%

Together, before fees+0.196%+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_HYPE_USDC	93.628	0.0002	pay 0.0001% / 4h	30m 22s	$166K	$583K	20x
Short	Binance HYPEUSDT	93.637	0.0057	get 0.0028% / 4h	30m 22s	$383.1M	$895.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Orderly. 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 OrderlybpFee BinancebpOrdersPrice spread, now +0.010%Rate

Funding earned: $11.47
Price spread: +0.010% → +0.013%: −$0.38
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$4.9
Costs to cover: 0.160%
Break-even: 10.0 days

Slippage unknown: Orderly: no order-book sample; Binance: live order book, 14 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 Orderly no order-book sample	—	—	—	—	—
Sell Binance live order book, 14 min ago	0.05 bp	5.1 bp −$5	7.0 bp −$70	15.1 bp −$1,507	32.1 bp −$16.1K

Orderly: 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	−0.0808%	1h	93.632	+0.005%	$198K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0353%	1h	93.847	+0.234%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	93.532	−0.103%	$1.2M	$3.8M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.600	−0.030%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.P	−0.0060%	1h	93.570	−0.062%	$703K	$910K	10x	as long as short
01 Exchange HYPEUSD	−0.0032%	1h	93.619	−0.010%	$87K	$365K	20x	as long as short
Derive HYPE-PERP	−0.0017%	1h	93.543	−0.091%	$16.4M	$7.1M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.583	−0.049%	$127K	$30K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.642	+0.015%	$23K	$329K	10x	as long as short
Orderly PERP_HYPE_USDClong	+0.0002%	4h	93.628	long leg	$166K	$583K	20x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.670	+0.045%	$26K	—	150x	as long as short
Phoenix HYPE	+0.0009%	1h	93.755	+0.136%	$215K	$1.2M	10x	as long as short
Aster HYPEUSDT	+0.0015%	4h	93.635	+0.007%	$8.9M	$36.0M	300x	as long as short
Bybit HYPEUSDT	+0.0019%	8h	93.626	−0.002%	$321.7M	$283.4M	75x	as long as short
Binance HYPEUSDTshort	+0.0057%	4h	93.637	+0.010%	$383.1M	$895.2M	75x
MEXC HYPE_USDT	+0.0058%	4h	93.657	+0.031%	$87.3M	$81.7M	100x	as long as short
Phemex HYPEUSDT	+0.0072%	8h	93.638	+0.011%	$12.8M	$2.6M	50x	as long as short
edgeX HYPEUSDC	+0.0080%	4h	93.817	+0.201%	$5.1M	$29.9M	30x	as long as short
Gate HYPE_USDT	+0.0082%	4h	93.623	−0.005%	$44.5M	$59.1M	75x	as long as short
Lighter HYPE	+0.0096%	1h	93.628	0.000%	$18.8M	$60.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.583	−0.048%	$3.0M	$12.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.641	+0.014%	$63K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.608	−0.022%	$398K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.621	−0.007%	$340K	$171K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	93.600	−0.030%	$43K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.569	−0.062%	$5.7M	$44.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.618	−0.010%	$10.1M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.629	+0.001%	$115.3M	$320.0M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.625	−0.003%	$204K	$7K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.639	+0.012%	$46.5M	$18.5M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.646	+0.019%	$226.8M	$102.7M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.645	+0.018%	—	$54.1M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.607	−0.022%	$7.8M	$10.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.564	−0.068%	$31.2M	$53.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.786	+0.169%	$7.6M	$45.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.819	+0.204%	$341K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.752	+0.132%	$678K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.665	+0.040%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.664	+0.038%	$490K	$2.5M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	93.617	−0.011%	$111K	$578K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.596	−0.034%	$76K	$170K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.655	+0.029%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.610	−0.019%	$2.0M	$2.0M	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	94.410	+0.835%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.611	−0.018%	$18.3M	$42.8M	50x	as long as short
Kalshi KXHYPEPERP	+0.0131%	8h	93.733	+0.112%	$1.9M	$5.0M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	93.650	+0.023%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0217%	4h	93.768	+0.150%	$1.5M	$7.8M	75x	as long as short
BloFin HYPE-USDT	+0.0237%	4h	93.601	−0.029%	$17.0M	$12.6M	75x	as long as short
Reya HYPERUSDPERP	+0.0249%	1h	93.643	+0.016%	$77K	$142K	15x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	93.676	+0.051%	$2.8M	$6.9M	20x	as long as short
Hyperliquid HYPE	+0.0287%	1h	93.689	+0.065%	$2.03B	$676.0M	10x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0337% / S −0.0163%	1h	93.664	+0.038%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0348%	1h	93.702	+0.079%	$7.4M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0579%	1h	93.700	+0.077%	$20.9M	$29.4M	50x	as long as short