HYPE

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhoenixHYPE	75.896	+0.0084	pay 0.0011% / 1h	44m 29s	$477K	$786K	10x	Long Phoenix
SHORT	AZversehype_usdt	75.843	+0.0020	get 0.0003% / 1h	44m 29s	$7.5M	$673K	—	Short AZverse

Price gap−0.070%60s

Funding gap−0.0064% /8h

Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.037% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$2−0.0064% /8h now · paid +0.020% over the last 22 hours (all we have)

Price—spread −0.070%60s now · prices read too far apart to compare

Costsno datano order book for AZverse

Result, before costs—no pointsneeds both prices read together

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.070%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

HYPE on 55 exchanges

lowest funding first

Before you open

2 ok · 2 to watch

Note: Order book unknown—
No order-book sample for AZverse: its slippage is not counted.
Note: Margin at max leverage$1,000 + —
Phoenix 10x, AZverse —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$1.92Long Phoenix: 24 payments, −$2.53; short AZverse: 24 payments, +$0.61.
Watch: Prices read 60 s apart−0.070% vs −0.032%
Part of this gap may be the market moving.
Watch: Long leg is thinner$477K vs $7.5M OI
Phoenix sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
OK: No KYC on either legPhoenix No · AZverse No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0073%/8h × 21 periods+$15.30

Price spreadprices read too far apart to compare—

Slippage, 4 ordersno data for AZverse—

Fee Phoenix bp × 2 orders−$7.00

Fee AZverse bp × 2 orders−$12.00

Net, fees only · 7 days · $10k−$3.70

price spread not counted: prices read too far apart

Costs to cover0.190%Break-even8.7 days

Slippage: Phoenix: live order book, 44 min ago; AZverse: no order-book sample

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhoenix0.075.7 bp−$610.4 bp−$104doesn’t fitdoesn’t fit

SELL · SHORTAZverse—————

Closing costs about the same again.
AZverse: no data.

HYPE news

posts that mention HYPE, from every exchangeSearch all news →

10-21 03:47	Derive	Listing	Why we chose Risk Universes for Derive V3. V3 segments risk into universes: Prime (BTC/ETH), Midcap (HYPE), Altcoin and RWA. Inside each universe, accounts are fully cross-margined. In Midcap, for example, your ETH can be used as collateral to trade HYPE options. Across universes, risk stays in its own lane. Because risk is separated, V3 offers better haircuts and margin, and room to list more assets like RWAs and tail alts. The result: what we believe is the most capital-efficient options risk engine, onchain or off. @DeriveXYZ on X ↗
10-19 15:04	Bullet	Token	@hypurrdash tracked 400,000 retail traders on Hyperliquid. Since last November they lost $126M trading through wallet apps, and more than half of it was fees. $HYPE airdrop recipients lost $487M trading perps, and $261M of that was fees. Take a look yourself. Track your fees: @Bulletxyz on X ↗
10-18 04:12	HTX	Token	🔥Futures Hot Coins Points Race #4! Trading Pairs: ZEC/FIL/ADA/NEAR/HYPE Trade More → Earn More Points → Unlock More Rewards : Island Getaways, Hot Airdrops & More. Join Now »»» @HTX_Global on X ↗
10-15 13:32	GMX	Listing	new market HYPE/USD [USDG-USDG] ($HYPE) seen by our collector
10-13 15:13	OKX	Other	Europe, your next X Drops club is here. near:native, $ZEC, $XRP, $ONDO, $ENA, $SUI, $TAO, $HYPE, $PUMP, $LIT and $ZRO are in, with 38,000 near:native up for grabs. Join the drop. @okx on X ↗
10-13 13:51	Ondo Perps	Listing	New crypto perps campaign. New users can get up to 75% of fees back on crypto trades. The more volume you trade, the higher your fee rebate: ▸ $10K+ volume → get 10% of fees back ▸ $50K+ → get 25% back ▸ $250K+ → get 50% back ▸ $1M+ → get 75% back Crypto perps included in the campaign: ▸ $BTC ▸ $ETH ▸ $ZEC ▸ $SOL ▸ $ENA ▸ $XRP ▸ $HYPE ▸ $PUMP ▸ $ONDO Running from October 13 at 9AM ET to October 20 at 9AM ET. Limited to users who sign up for Ondo Perps after the campaign starts. Rebates are capped at $500 per user. Trade now → @OndoPerps on X ↗