HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0029%/8h= −3.2% APRnext payment −$0.15 per $10,000 · paid last 24h +0.012%

Price spread now: Gate against Orderly−0.071%7-day average −0.016% · you buy dearer than you sell

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

Long on Orderly Short on Gate

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)+0.070%+$7 · spread now −0.071%, 7d avg −0.016%

Together, before fees+0.168%+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.055% cheaper against Orderly than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.016%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.098%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_HYPE_USDC	93.602	0.0059	pay 0.0030% / 4h	2h 15m	$177K	$520K	20x
Short	Gate HYPE_USDT	93.536	0.0030	get 0.0015% / 4h	2h 15m	$43.9M	$57.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.071%Rate

Funding earned: −$6.14
Price spread: −0.071% → −0.016%: −$5.47
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$32.62
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago	0.05 bp	7.7 bp −$8	13.5 bp −$135	29.0 bp −$2,896	51.6 bp −$25.8K

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	−0.0960%	1h	93.583	−0.020%	$198K	$233K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0274%	1h	93.648	+0.049%	$22K	$22K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0234%	1h	93.500	−0.109%	$702K	$932K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.567	−0.037%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0064%	1h	93.548	−0.058%	$90K	$346K	20x	as long as short
Bullet HYPE-USD	−0.0027%	1h	93.569	−0.035%	$111K	$582K	20x	as long as short
Derive HYPE-PERP	−0.0021%	1h	93.524	−0.084%	$16.4M	$7.0M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.645	+0.046%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.628	+0.027%	$23K	$337K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.609	+0.007%	$20K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0023%	4h	93.564	−0.040%	$8.9M	$35.8M	300x	as long as short
Gate HYPE_USDTshort	+0.0030%	4h	93.536	−0.071%	$43.9M	$57.4M	75x
Bybit HYPEUSDT	+0.0035%	8h	93.514	−0.094%	$325.7M	$287.0M	75x	as long as short
Popdex HYPEUSDT	+0.0048%	1h	93.533	−0.074%	$59K	$1.2M	50x	as long as short
Orderly PERP_HYPE_USDClong	+0.0059%	4h	93.602	long leg	$177K	$520K	20x
Phoenix HYPE	+0.0068%	1h	93.603	+0.001%	$216K	$1.2M	10x	as long as short
Lighter HYPE	+0.0096%	1h	93.588	−0.015%	$18.6M	$59.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.576	−0.028%	$3.1M	$12.4M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0100%	8h	93.561	−0.044%	$340K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.580	−0.024%	$37K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.567	−0.037%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.653	+0.054%	$2.04B	$670.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.567	−0.037%	$10.0M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.536	−0.071%	$385.9M	$889.0M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.524	−0.083%	$114.9M	$315.8M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.518	−0.090%	$1.2M	$4.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.690	+0.094%	$205K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.542	−0.064%	$93.6M	$82.4M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.552	−0.053%	$46.4M	$18.8M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.546	−0.060%	$227.2M	$102.4M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.525	−0.082%	—	$54.3M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.606	+0.004%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.660	+0.062%	$29.2M	$50.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.579	−0.025%	$7.5M	$45.3M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.678	+0.081%	$407K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.594	−0.009%	$677K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.615	+0.014%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.616	+0.015%	$494K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.590	−0.013%	$76K	$168K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.656	+0.058%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.565	−0.040%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.622	+0.021%	$12.8M	$2.6M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0102%	1h	93.672	+0.075%	$7.4M	$4.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.519	−0.089%	$18.3M	$41.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.580	−0.023%	$398K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0107%	4h	93.591	−0.012%	$5.1M	$29.7M	30x	as long as short
Kalshi KXHYPEPERP	+0.0119%	8h	93.666	+0.068%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.680	+0.083%	$4.9M	$5.7M	50x	as long as short
Reya HYPERUSDPERP	+0.0246%	1h	93.567	−0.037%	$78K	$158K	15x	as long as short
Injective HYPE/USDC PERP	+0.0285%	1h	93.910	+0.329%	$31K	$291K	12x	as long as short
HTX HYPE-USDT	+0.0298%	4h	93.778	+0.188%	$1.5M	$7.6M	75x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.599	−0.003%	$17.0M	$12.4M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0346% / S −0.0171%	1h	93.612	+0.010%	$1.5M	—	100x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.601	−0.001%	$2.8M	$6.8M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0572%	1h	93.677	+0.080%	$19.2M	$26.1M	50x	as long as short