HYPE

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	TxFlowHYPE-USDC	90.815	+0.0100	pay 0.0013% / 1h	57m 24s	$6.1M	$28.4M	60x	Long TxFlow5% off
SHORT	Katana PerpsHYPE-USD	93.150	+0.0096	get 0.0096% / 8h	57m 24s	$6K	$3.0M	10x	Short Katana Perps

Price gap+2.571%

Funding gap−0.0004% /8h

Funding is ≈ 0, so this is a price-spread trade: +$255 on $10k if the gap goes back to its 7d average.

If you open now and hold

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

Funding+$5−0.0004% /8h now · paid +0.049% over the last 7D

Price+$255spread +2.571% now, avg +0.023% → +2.548% if it goes back

Costsno datano order book for Katana Perps

Result, before costs+$260+2.60%+ Points / potential airdropTxFlow: points · farm boardcosts unknown: no order book for Katana Perps · What the last 7D really paid, hour by hour → backtest

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+2.571%

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

3 ok · 2 to watch

Note: Order book unknown—
No order-book sample for Katana Perps: its slippage is not counted.
Note: Margin at max leverage$167 + $1,000
TxFlow 60x, Katana Perps 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$0.13Long TxFlow: 24 payments, −$3.00; short Katana Perps: 3 payments, +$2.87.
OK: Entry gap works for you+2.571% vs +0.023%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$6K vs $6.1M OI
Katana Perps sets your exit cost. Check its book before closing.
OK: Points on a legTxFlow points
Volume here counts toward the points program.
OK: No KYC on either legTxFlow No · Katana Perps 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+0.0023%/8h × 21 periods+$4.92

Price spread+2.571% → +0.023% (7d avg)+$254.82

Slippage, 4 ordersno data for Katana Perps—

Fee TxFlow bp × 2 orders−$9.00

Fee Katana Perps bp × 2 orders−$3.80

Net, fees only · 7 days · $10k+$246.95

Costs to cover0.128%Break-evenfrom the start

Slippage: TxFlow: live order book, 6 min ago; Katana Perps: no order-book sample

Cost to enter

taker + slippage from mid, one side

BUY · LONGTxFlow0.114.6 bp−$57.6 bp−$7622.0 bp−$2,20082.3 bp−$41.1K

SELL · SHORTKatana Perps—————

Closing costs about the same again.
Katana Perps: no data.

HYPE news

posts that mention HYPE, from every exchangeSearch all news →

10-29 19:14	Vest Markets	Product	Platform Update \| Funded Accounts $HYPE is now available on Funded Accounts, in both Evaluation and Live, with up to 5x leverage. @VestExchange on X ↗
10-29 18:30	OKX	Other	A fresh X Drops Club just landed in Europe: @CetusProtocol Trade CETUS, HYPE, ENA, LIT, GRASS, GRVT, FET, HUMA or LINK for a share of 4.5M $CETUS, with CETUS trades counting 5×. This one moves fast. Get in before Nov 1. @okx on X ↗
10-29 16:31	Markets by Kinetiq	Other	JUST IN: Elon Musk reacts to billionaire investor Stan Druckenmiller backing 24/7 Hyperliquid perpetual futures trading in the U.S. with one word: “Interesting.” $HYPE surges to $94. @Markets_xyz on X ↗
10-29 13:57	Markets by Kinetiq	Product	BREAKING: Billionaire investor Stan Druckenmiller announces in his FIRST-EVER tweet that he has invested in trade[XYZ]. He backs its partnership with NYSE owner ICE to bring 24/7 perpetual futures powered by Hyperliquid to the U.S. $HYPE surges past $91. @Markets_xyz on X ↗
10-29 01:06	Derive	Other	How it works: 📈 Trade any HYPE option or multi-leg on the 13 Nov expiry ✅ Realized PnL only (closed or settled) 🏆 Top 10 by ROI share 250 kHYPE One entry per wallet, using your best position. Share your PnL card with @DeriveXYZ on X ↗
10-29 01:06	Derive	Contest	Road to Expiry is live Derive x @Kinetiq_xyz: a HYPE options contest with a ~$40k prize pool. Trade the 13 Nov HYPE expiry. Highest realized ROI wins. Read more👇 @DeriveXYZ on X ↗