HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0049%/8h= +5.4% APRnext payment +$0.49 per $10,000 · paid last 24h +0.002%

Price spread now: Katana Perps against Paradex−0.013%7-day average −0.032% · you buy dearer than you sell

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

Long on Paradex Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.016%−$2 on $10k

Price spread, last 4 days (all we have)+0.055%+$5 · spread now −0.013%, 7d avg −0.032%

Together, before fees+0.038%+ Points / potential airdropParadex: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex HYPE-USD-PERP	94.842	0.0051	pay 0.0051% / 8h	7h 51m	$339K	$154K	20x
Short	Katana Perps HYPE-USD	94.830	0.0100	get 0.0100% / 8h	7h 51m	$28K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps against Paradex. 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 ParadexbpFee Katana PerpsbpOrdersPrice spread, now −0.013%Rate

Funding earned: $10.26
Price spread: −0.013% → −0.032%: $1.96
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: $4.43
Costs to cover: 0.078%
Break-even: 4.0 days

Slippage unknown: Paradex: live order book, 48 min ago; Katana Perps: no order-book sample. 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 Paradex live order book, 48 min ago	14.72 bp	16.7 bp −$17	154.5 bp −$1,545	doesn't fit	doesn't fit
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: 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	−0.1432%	1h	94.783	−0.062%	$208K	$267K	7x	as long as short
Bluefin HYPE-PERP	−0.0337%	1h	94.790	−0.055%	$80K	$150K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0319%	1h	94.745	−0.102%	$22K	$20K	10x	as long as short
Phemex HYPEUSDT	−0.0238%	8h	94.788	−0.057%	$12.9M	$2.9M	50x	as long as short
Bullet HYPE-USD	−0.0173%	1h	94.826	−0.017%	$112K	$576K	20x	as long as short
Arcus HYPE-USD	−0.0112%	1h	94.817	−0.026%	$1.0M	$3.5M	10x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	94.849	+0.008%	$88K	$364K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.836	−0.006%	$3K	$331	25x	as long as short
Kraken Futures PF_HYPEUSD	−0.0047%	1h	94.869	+0.028%	$20.3M	$30.3M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0044%	1h	94.730	−0.118%	$715K	$1.2M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_HYPE_USDC	−0.0007%	4h	94.813	−0.030%	$147K	$685K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.808	−0.036%	$130K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.881	+0.041%	$1.9M	$5.5M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.850	+0.009%	$19K	$285K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	94.859	+0.018%	$85K	—	150x	as long as short
Phoenix HYPE	+0.0008%	1h	94.810	−0.034%	$208K	$1.2M	10x	as long as short
Bitget HYPEUSDT	+0.0012%	4h	94.771	−0.075%	$227.3M	$99.5M	75x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	94.820	−0.023%	$4.7M	$6.2M	50x	as long as short
Derive HYPE-PERP	+0.0022%	1h	94.691	−0.159%	$16.4M	$7.4M	10x	as long as short
Paradex HYPE-USD-PERPlong	+0.0051%	8h	94.842	long leg	$339K	$154K	20x
OKX HYPE-USDT-SWAP	+0.0064%	8h	94.786	−0.059%	$118.3M	$327.6M	50x	as long as short
Vest HYPE-PERP	+0.0065%	1h	94.901	+0.062%	—	$190K	5x	as long as short
Lighter HYPE	+0.0088%	1h	94.828	−0.015%	$16.3M	$61.8M	20x	as long as short
edgeX HYPEUSDC	+0.0095%	4h	94.791	−0.054%	$5.0M	$30.7M	30x	as long as short
SoDEX HYPE-USD	+0.0096%	1h	94.825	−0.018%	$2.1M	$1.9M	10x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.830	−0.013%	$3.2M	$10.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.831	−0.011%	$144K	$1.3M	50x	as long as short
Katana Perps HYPE-USDshort	+0.0100%	8h	94.830	−0.013%	$28K	$1.7M	10x
Nado HYPE-PERP	+0.0100%	1h	94.825	−0.018%	$7.3M	$52.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.910	+0.072%	$2.09B	$688.5M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.820	−0.023%	$9.6M	$37.5M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.857	+0.016%	$10.2M	$14.8M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.823	−0.020%	$380.8M	$933.8M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	94.791	−0.054%	$317.3M	$289.3M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.685	−0.166%	$219K	$12K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.789	−0.056%	$51.0M	$53.7M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.798	−0.046%	$93.7M	$84.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.817	−0.026%	$47.0M	$18.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.779	−0.066%	—	$53.4M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.763	−0.083%	$7.6M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.549	−0.308%	$29.9M	$55.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.848	+0.007%	$7.7M	$44.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.799	−0.045%	$352K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.859	+0.018%	$694K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.921	+0.083%	$501K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.925	+0.088%	$33K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.966	+0.131%	$1.4M	$6.9M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.801	−0.043%	$18.4M	$43.0M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.845	+0.004%	$401K	$153K	20x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	94.866	+0.025%	$3.1M	$6.4M	20x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	95.060	+0.230%	$31K	$340K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0235%	1h	94.920	+0.082%	$7.5M	$4.3M	50x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.808	−0.035%	$83K	$115K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0327% / S −0.0152%	1h	94.897	+0.058%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.810	−0.034%	$17.2M	$12.5M	75x	as long as short