HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0207%/8h= −22.7% APRnext payment −$0.26 per $10,000 · paid last 24h −0.062%

Price spread now: gTrade (Gains Network) against RISEx−0.021%47s7-day average — · you buy dearer than you sell

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

Long on RISEx 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 −$6 a day on $10k at the current rate, and gTrade (Gains Network) is 0.021% cheaper against RISEx than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx HYPE/USDC	93.404	0.0210	pay 0.0026% / 1h	2m 43s	$3.2M	$6.7M	20x
Short	gTrade (Gains Network) HYPE/USD	93.385	L +0.0002% / S −0.0003%	get 0.0000% / 1h	2m 43s	$26K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against RISEx. 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 RISExbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.021%Rate

Funding earned: −$43.47
Price spread: −0.021% → 0.000%: −$2.14
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$61.61
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 1 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 RISEx live order book, 1 min ago	0.32 bp	3.3 bp −$3	6.0 bp −$60	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 54 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	−0.1120%	1h	93.340	−0.069%	$196K	$227K	7x	as long as short
Arcus HYPE-USD	−0.0786%	1h	93.203	−0.216%	$1.2M	$3.8M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.404	−0.001%	$3K	$331	25x	as long as short
Phemex HYPEUSDT	−0.0065%	8h	93.311	−0.100%	$12.6M	$2.7M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0063%	1h	93.280	−0.133%	$699K	$905K	10x	as long as short
Orderly PERP_HYPE_USDC	−0.0052%	4h	93.366	−0.041%	$156K	$640K	20x	as long as short
01 Exchange HYPEUSD	−0.0040%	1h	93.399	−0.006%	$85K	$347K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0020%	1h	93.466	+0.066%	$22K	$21K	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.383	−0.023%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.381	−0.026%	$22K	$321K	10x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0002%	4h	93.337	−0.072%	$8.8M	$35.7M	300x	as long as short
gTrade (Gains Network) HYPE/USDshort	L +0.0002% / S −0.0003%	1h	93.385	−0.021%	$26K	—	150x
BingX HYPE-USDT	+0.0011%	4h	93.315	−0.096%	—	$53.2M	—	as long as short
Bybit HYPEUSDT	+0.0014%	8h	93.300	−0.112%	$320.1M	$276.6M	75x	as long as short
Gate HYPE_USDT	+0.0016%	4h	93.314	−0.097%	$44.4M	$55.5M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0017%	1h	93.292	−0.120%	$7.4M	$10.4M	20x	as long as short
Phoenix HYPE	+0.0060%	1h	93.424	+0.021%	$210K	$1.2M	10x	as long as short
Bullet HYPE-USD	+0.0076%	1h	93.388	−0.018%	$112K	$578K	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0076%	8h	93.314	−0.097%	$114.6M	$301.8M	50x	as long as short
MEXC HYPE_USDT	+0.0080%	4h	93.323	−0.087%	$88.1M	$83.5M	100x	as long as short
Binance HYPEUSDT	+0.0080%	4h	93.314	−0.097%	$379.6M	$880.3M	75x	as long as short
edgeX HYPEUSDC	+0.0085%	4h	93.295	−0.118%	$5.0M	$30.0M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.352	−0.056%	$16.3M	$62.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.327	−0.083%	$3.1M	$11.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.394	−0.011%	$67K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.353	−0.055%	$339K	$163K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.320	−0.090%	$16K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.415	+0.011%	$5.7M	$43.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.436	+0.034%	$2.04B	$657.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.339	−0.071%	$10.0M	$14.7M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.335	−0.074%	$203K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.343	−0.066%	$46.2M	$18.0M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.315	−0.096%	$225.8M	$97.1M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.349	−0.060%	$31.1M	$54.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.360	−0.048%	$7.5M	$46.9M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.340	−0.069%	$337K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.464	+0.064%	$667K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.447	+0.046%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.411	+0.007%	$475K	$2.4M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.340	−0.069%	$79K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.351	−0.057%	$16.2M	$7.7M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.496	+0.098%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.393	−0.012%	$2.0M	$1.9M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.291	−0.122%	$18.3M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.381	−0.026%	$397K	$172K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0136%	1h	93.410	+0.006%	$4.9M	$5.4M	50x	as long as short
Injective HYPE/USDC PERP	+0.0137%	1h	94.180	+0.830%	$31K	$339K	12x	as long as short
HTX HYPE-USDT	+0.0196%	4h	93.510	+0.113%	$1.4M	$5.9M	75x	as long as short
RISEx HYPE/USDClong	+0.0210%	1h	93.404	long leg	$3.2M	$6.7M	20x
Reya HYPERUSDPERP	+0.0256%	1h	93.365	−0.042%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0279%	8h	93.454	+0.053%	$1.9M	$4.8M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.383	−0.023%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0392%	1h	93.471	+0.071%	$7.4M	$4.4M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0682%	1h	93.459	+0.058%	$20.8M	$29.9M	50x	as long as short