HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.05 per $10,000 · paid last 24h −0.042%

Price spread now: gTrade (Gains Network) against Phoenix−0.124%7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.124% cheaper against Phoenix than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix HYPE	92.430	0.0043	pay 0.0005% / 1h	48m 49s	$210K	$1.2M	10x
Short	gTrade (Gains Network) HYPE/USD	92.315	L +0.0002% / S −0.0002%	get 0.0000% / 1h	48m 49s	$61K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Phoenix. 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 PhoenixbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.124%Rate

Funding earned: −$8.61
Price spread: −0.124% → 0.000%: −$12.44
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$38.05
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 4 min ago; gTrade (Gains Network): 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 Phoenix live order book, 4 min ago	1.51 bp	6.3 bp −$6	12.7 bp −$127	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Arcus HYPE-USD	−0.0948%	1h	92.216	−0.232%	$1.2M	$3.8M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0712%	1h	92.416	−0.015%	$194K	$227K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0115%	1h	92.597	+0.180%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSD	−0.0112%	1h	92.316	−0.123%	$85K	$352K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.501	+0.077%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0068%	4h	92.272	−0.171%	$157K	$663K	20x	as long as short
Bullet HYPE-USD	−0.0064%	1h	92.280	−0.162%	$110K	$579K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0046%	1h	92.280	−0.162%	$699K	$1.1M	10x	as long as short
Aster HYPEUSDT	−0.0005%	4h	92.258	−0.186%	$8.7M	$36.3M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.417	−0.014%	$127K	$31K	5x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	92.341	−0.097%	$22K	$310K	10x	as long as short
gTrade (Gains Network) HYPE/USDshort	L +0.0002% / S −0.0002%	1h	92.315	−0.124%	$61K	—	150x
Derive HYPE-PERP	+0.0020%	1h	92.242	−0.203%	$16.0M	$7.5M	10x	as long as short
BingX HYPE-USDT	+0.0032%	4h	92.278	−0.164%	—	$53.2M	—	as long as short
Bybit HYPEUSDT	+0.0037%	8h	92.240	−0.206%	$315.9M	$280.5M	75x	as long as short
Phoenix HYPElong	+0.0043%	1h	92.430	long leg	$210K	$1.2M	10x
Phemex HYPEUSDT	+0.0045%	8h	92.304	−0.136%	$12.5M	$2.7M	50x	as long as short
Gate HYPE_USDT	+0.0048%	4h	92.322	−0.117%	$44.3M	$54.6M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0075%	8h	92.245	−0.200%	$112.9M	$300.3M	50x	as long as short
MEXC HYPE_USDT	+0.0078%	4h	92.266	−0.177%	$87.1M	$80.3M	100x	as long as short
Binance HYPEUSDT	+0.0079%	4h	92.264	−0.179%	$370.9M	$895.3M	75x	as long as short
Popdex HYPEUSDT	+0.0080%	1h	92.347	−0.090%	$67K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0092%	8h	92.363	−0.073%	$337K	$162K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.304	−0.137%	$16.0M	$62.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.314	−0.126%	$3.1M	$11.6M	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	92.320	−0.119%	$13K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.302	−0.138%	$5.8M	$43.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.305	−0.136%	$2.01B	$661.3M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.375	−0.060%	$10.0M	$15.0M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.800	+0.400%	$202K	$13K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.310	−0.130%	$45.7M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.239	−0.207%	$223.1M	$97.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.280	−0.162%	$7.3M	$10.2M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.469	+0.042%	$28.5M	$57.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.799	+0.399%	$7.5M	$45.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.488	+0.063%	$338K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.443	+0.014%	$663K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.383	−0.051%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.356	−0.080%	$466K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.331	−0.107%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.288	−0.154%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.476	+0.050%	$1.4M	$6.2M	75x	as long as short
edgeX HYPEUSDC	+0.0103%	4h	92.776	+0.374%	$5.1M	$29.2M	30x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.342	−0.095%	$18.1M	$43.4M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.276	−0.166%	$390K	$164K	20x	as long as short
Injective HYPE/USDC PERP	+0.0150%	1h	92.250	−0.195%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0160%	1h	92.350	−0.087%	$4.7M	$5.5M	50x	as long as short
Reya HYPERUSDPERP	+0.0260%	1h	92.299	−0.142%	$78K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0262%	8h	92.333	−0.105%	$1.8M	$5.4M	2.3x	as long as short
BloFin HYPE-USDT	+0.0316%	4h	92.252	−0.193%	$16.7M	$11.5M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0329% / S −0.0153%	1h	92.313	−0.126%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0333%	1h	92.330	−0.108%	$20.5M	$30.4M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0378%	1h	92.379	−0.055%	$7.5M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0687%	1h	92.395	−0.038%	$3.1M	$6.4M	20x	as long as short
Bluefin HYPE-PERP	+0.0850%	1h	92.242	−0.203%	$78K	$169K	20x	as long as short