HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0112%/8h= +12.2% APRnext payment +$0.56 per $10,000 · paid last 24h +0.032%

Price spread now: Bitget against Orderly+0.101%7-day average −0.014% · you sell dearer than you buy

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

Long on Orderly Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 3 days (all we have)−0.138%−$14 · spread now +0.101%, 7d avg −0.014%

Together, before fees−0.040%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.116% dearer against Orderly than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_HYPE_USDC	93.914	−0.0012	get 0.0006% / 4h	3h 43m	$169K	$593K	20x
Short	Bitget HYPEUSDT	94.009	0.0100	get 0.0050% / 4h	3h 43m	$228.1M	$101.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.101%Rate

Funding earned: $23.46
Price spread: +0.101% → −0.014%: $11.56
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: $17.02
Costs to cover: 0.180%
Break-even: 1.9 days

Slippage unknown: Orderly: no order-book sample; Bitget: live order book, 6 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 Bitget live order book, 6 min ago	0.53 bp	9.5 bp −$9	14.0 bp −$140	doesn't fit	doesn't fit

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	−0.1456%	1h	93.806	−0.115%	$199K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	93.883	−0.033%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0286%	1h	93.918	+0.004%	$22K	$23K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0196%	1h	93.880	−0.036%	$703K	$926K	10x	as long as short
Bullet HYPE-USD	−0.0108%	1h	93.898	−0.018%	$112K	$580K	20x	as long as short
01 Exchange HYPEUSD	−0.0096%	1h	94.024	+0.117%	$85K	$361K	20x	as long as short
Gate HYPE_USDT	−0.0090%	4h	93.993	+0.084%	$44.4M	$59.3M	75x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.986	+0.077%	$3K	$331	25x	as long as short
Phemex HYPEUSDT	−0.0077%	8h	93.891	−0.024%	$12.8M	$2.6M	50x	as long as short
dYdX HYPE-USD	−0.0058%	1h	94.004	+0.096%	$128K	$29K	5x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	−0.0048%	8h	93.975	+0.065%	$323.0M	$281.2M	75x	as long as short
Orderly PERP_HYPE_USDClong	−0.0012%	4h	93.914	long leg	$169K	$593K	20x
Derive HYPE-PERP	−0.0008%	1h	93.869	−0.048%	$16.4M	$7.1M	10x	as long as short
Perpl HYPE	0.0000%	43m	93.938	+0.026%	$23K	$327K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.933	+0.020%	$27K	—	150x	as long as short
Aster HYPEUSDT	+0.0012%	4h	93.993	+0.084%	$8.9M	$36.1M	300x	as long as short
Bluefin HYPE-PERP	+0.0019%	1h	93.907	−0.007%	$76K	$171K	20x	as long as short
Phoenix HYPE	+0.0034%	1h	93.915	+0.001%	$218K	$1.2M	10x	as long as short
MEXC HYPE_USDT	+0.0040%	4h	94.000	+0.092%	$88.7M	$82.1M	100x	as long as short
Binance HYPEUSDT	+0.0041%	4h	93.998	+0.090%	$383.5M	$893.9M	75x	as long as short
edgeX HYPEUSDC	+0.0051%	4h	93.859	−0.059%	$5.1M	$29.9M	30x	as long as short
Popdex HYPEUSDT	+0.0072%	1h	94.001	+0.093%	$61K	$1.2M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0080%	8h	93.997	+0.088%	$115.9M	$319.3M	50x	as long as short
Aevo HYPE-PERP	+0.0088%	1h	93.934	+0.021%	$400K	$193K	20x	as long as short
Lighter HYPE	+0.0096%	1h	94.052	+0.147%	$18.9M	$58.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.033	+0.127%	$3.1M	$12.0M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.056	+0.151%	$342K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.020	+0.113%	$24K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.993	+0.084%	$6.6M	$44.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.076	+0.172%	$2.05B	$676.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.020	+0.113%	$10.1M	$14.6M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.816	−0.104%	$204K	$5K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.007	+0.099%	$46.6M	$18.3M	75x	as long as short
Bitget HYPEUSDTshort	+0.0100%	4h	94.009	+0.101%	$228.1M	$101.0M	75x
BingX HYPE-USDT	+0.0100%	4h	93.991	+0.082%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.922	+0.009%	$7.7M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.820	−0.100%	$31.3M	$54.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.912	−0.002%	$7.6M	$45.7M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.865	−0.052%	$340K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.913	−0.001%	$679K	$2.4M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.011	+0.103%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.934	+0.021%	$479K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.020	+0.113%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.902	−0.013%	$2.0M	$2.0M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.960	+0.049%	$18.9M	$43.5M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.000	+0.092%	$4.9M	$5.5M	50x	as long as short
BloFin HYPE-USDT	+0.0161%	4h	93.879	−0.037%	$17.0M	$12.2M	75x	as long as short
Kalshi KXHYPEPERP	+0.0178%	8h	93.987	+0.078%	$1.9M	$5.1M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.260	+0.368%	$31K	$338K	12x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	94.042	+0.136%	$2.8M	$6.7M	20x	as long as short
Reya HYPERUSDPERP	+0.0251%	1h	93.893	−0.023%	$79K	$143K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0157%	1h	93.938	+0.026%	$1.5M	—	100x	as long as short
HTX HYPE-USDT	+0.0382%	4h	94.115	+0.214%	$1.5M	$6.3M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0559%	1h	94.017	+0.110%	$7.5M	$4.7M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0672%	1h	94.002	+0.094%	$21.0M	$29.7M	50x	as long as short