HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0121%/8h= +13.2% APRnext payment +$0.60 per $10,000 · paid last 24h +0.042%

Price spread now: KuCoin against Orderly+0.026%7-day average +0.004% · you sell dearer than you buy

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

Long on Orderly Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.161%+$16 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.026%, 7d avg +0.004%

Together, before fees+0.160%+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and KuCoin is 0.022% dearer against Orderly than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_HYPE_USDC	94.895	−0.0021	get 0.0010% / 4h	2h 21m	$147K	$647K	20x
Short	KuCoin HYPEUSDTM	94.920	0.0100	get 0.0050% / 4h	2h 21m	$47.2M	$17.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.026%Rate

Funding earned: $25.39
Price spread: +0.026% → +0.004%: $2.24
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $9.63
Costs to cover: 0.180%
Break-even: 4.3 days

Slippage unknown: Orderly: no order-book sample; KuCoin: 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 KuCoin live order book, 6 min ago	0.05 bp	9.0 bp −$9	15.2 bp −$152	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 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	−0.1392%	1h	94.871	−0.025%	$211K	$262K	7x	as long as short
Bluefin HYPE-PERP	−0.0596%	1h	94.929	+0.036%	$79K	$140K	20x	as long as short
Kraken Futures PF_HYPEUSD	−0.0377%	1h	94.930	+0.037%	$18.6M	$35.6M	50x	as long as short
Bullet HYPE-USD	−0.0342%	1h	94.953	+0.061%	$113K	$581K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0247%	1h	94.960	+0.068%	$691K	$1.3M	10x	as long as short
Phemex HYPEUSDT	−0.0194%	8h	94.897	+0.002%	$12.9M	$2.8M	50x	as long as short
Arcus HYPE-USD	−0.0159%	1h	94.958	+0.066%	$1.1M	$2.7M	10x	as long as short
01 Exchange HYPEUSD	−0.0152%	1h	95.018	+0.130%	$91K	$347K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0148%	1h	94.958	+0.067%	$22K	$17K	10x	as long as short
Vest HYPE-PERP	−0.0092%	1h	95.013	+0.125%	—	$80K	5x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff HYPE-PERP	−0.0080%	1h	94.815	−0.084%	$3K	$331	25x	as long as short
Gate HYPE_USDT	−0.0070%	4h	94.921	+0.027%	$54.1M	$54.6M	75x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0024%	1h	94.940	+0.047%	$4.7M	$5.7M	50x	as long as short
Orderly PERP_HYPE_USDClong	−0.0021%	4h	94.895	long leg	$147K	$647K	20x
SoDEX HYPE-USD	−0.0009%	1h	94.916	+0.022%	$2.1M	$378K	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	95.009	+0.120%	$130K	$92K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.914	+0.020%	$23K	$268K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	94.960	+0.068%	$99K	—	150x	as long as short
BingX HYPE-USDT	+0.0002%	4h	94.927	+0.034%	—	$49.2M	—	as long as short
Aster HYPEUSDT	+0.0002%	4h	94.934	+0.041%	$9.0M	$34.5M	300x	as long as short
OKX HYPE-USDT-SWAP	+0.0002%	8h	94.900	+0.005%	$118.7M	$313.1M	50x	as long as short
Phoenix HYPE	+0.0017%	1h	94.881	−0.015%	$200K	$1.0M	10x	as long as short
Bulk HYPE-USD	+0.0031%	1h	95.069	+0.183%	$231K	$12K	10x	as long as short
Bybit HYPEUSDT	+0.0031%	8h	94.930	+0.037%	$319.9M	$272.9M	75x	as long as short
Bitget HYPEUSDT	+0.0034%	4h	94.927	+0.034%	$228.1M	$90.4M	75x	as long as short
Lighter HYPE	+0.0040%	1h	94.925	+0.031%	$16.2M	$61.1M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0062%	8h	94.998	+0.109%	$339K	$36K	20x	as long as short
Polymarket Perps HYPE-USD	+0.0076%	1h	95.006	+0.117%	$499K	$2.5M	20x	as long as short
edgeX HYPEUSDC	+0.0088%	4h	94.823	−0.076%	$5.0M	$29.9M	30x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.936	+0.043%	$3.2M	$10.0M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.973	+0.082%	$270K	$1.1M	50x	as long as short
Katana Perps HYPE-USD	+0.0098%	8h	94.930	+0.037%	$39K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.986	+0.095%	$7.3M	$53.3M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.046	+0.159%	$2.11B	$656.6M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.014	+0.126%	$10.2M	$13.7M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.932	+0.039%	$381.4M	$880.1M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.929	+0.036%	$89.2M	$87.6M	100x	as long as short
KuCoin HYPEUSDTMshort	+0.0100%	4h	94.920	+0.026%	$47.2M	$17.9M	75x
Backpack HYPE_USDC_PERP	+0.0100%	1h	95.000	+0.111%	$7.8M	$10.2M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.856	−0.042%	$29.7M	$54.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.825	−0.074%	$7.7M	$41.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.830	−0.068%	$347K	$972K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.950	+0.058%	$691K	$2.7M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.974	+0.083%	$33K	$1.4M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.064	+0.178%	$1.4M	$6.5M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.887	−0.009%	$18.2M	$40.9M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.903	+0.008%	$401K	$130K	20x	as long as short
Kalshi KXHYPEPERP	+0.0108%	8h	95.046	+0.159%	$1.8M	$5.2M	2.3x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0129%	1h	95.015	+0.126%	$7.5M	$4.3M	50x	as long as short
RISEx HYPE/USDC	+0.0166%	1h	94.992	+0.102%	$3.2M	$5.9M	20x	as long as short
Reya HYPERUSDPERP	+0.0270%	1h	94.916	+0.022%	$85K	$99K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	94.976	+0.086%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.965	+0.074%	$17.3M	$11.8M	75x	as long as short
Injective HYPE/USDC PERP	+0.0850%	1h	95.480	+0.616%	$31K	$335K	12x	as long as short