HYPE

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	N1HYPEUSD	78.301	+0.0272	pay 0.0034% / 1h	10m 15s	$158K	$197K	20x	Long N1
SHORT	BinanceHYPEUSDT	78.438	+0.0100	get 0.0050% / 4h	2h 10m	$400.1M	$843.6M	75x	Short Binance

Price gap+0.175%

Funding gap−0.0172% /8h

The gap pays +$10 on $10k if it goes back to its 7d average, but funding costs $5 a day and eats that in about 2.0 days.

If you open now and hold

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

Funding−$32−0.0172% /8h now · paid −0.320% over the last 7D

Price+$10spread +0.175% now, avg +0.072% → +0.103% if it goes back

Costs−$310.310% of $10k · taker + slippage, in and out

Result−$53−0.53%no points

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+0.175%

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 54 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size15.0 / 5.1 bp
At $10k entering N1 costs 15.0 bp, fee and slippage, 3.0× Binance’s.
Note: Margin at max leverage$500 + $133
N1 20x, Binance 75x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$5.16Long N1: 24 payments, −$8.16; short Binance: 6 payments, +$3.00.
OK: Entry gap works for you+0.175% vs +0.072%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$158K vs $400.1M OI
N1 sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCN1 No · Binance Yes
Verified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0152%/8h × 21 periods−$31.96

Price spread+0.175% → +0.072% (7d avg)+$10.35

Slippage, 4 orderslive order books−$13.99

Fee N1 bp × 2 orders−$7.00

Fee Binance bp × 2 orders−$10.00

Net · 7 days · $10k−$52.61

Costs to cover0.310%Break-evennever at this rate

Slippage: N1: live order book, 47 min ago; Binance: live order book, 6 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGN10.0615.0 bp−$1518.2 bp−$182doesn’t fitdoesn’t fit

SELL · SHORTBinance0.065.1 bp−$57.2 bp−$7218.0 bp−$1,79737.7 bp−$18.9K

Closing costs about the same again.

HYPE news

posts that mention HYPE, from every exchange

11-05 02:42	Derive	Other	ETH Options took the top spot on Derive in the last 24h $227.8M+ notional traded 🔷 ETH $106.7M (47%) 🟠 BTC $95.8M (42%) 🟢 HYPE $14.8M (6%) ⚪ Others $10.5M (5%) @DeriveXYZ on X ↗
11-04 18:52	Phoenix	Product	Tailwind Rewards are now live on Phoenix. Phoenix now pays back 10% of the funding you pay on BTC, ETH, SOL and HYPE, claimable daily in the Rewards Hub. Hold your view for less. @PhoenixTrade on X ↗
11-04 13:43	Paragon	Other	We’re bringing Power Perps to Hyperliquid, starting with HYPE². If HYPE doubles, the HYPE² index quadruples. Options-like payoffs. No strikes. No expiry. Power Perps bring options flow to Hyperliquid by pooling demand for convexity in one order book. This work builds on “Power Perpetuals” by @danrobinson, @_Dave__White_, @andrewjleone and their coauthors. @tradeparagon on X ↗
11-04 00:30	Paradex	Other	Bitcoin, Ether, Solana, HYPE, Zcash. Same expiry. The options market does not price them the same. Trade crypto options on Paradex, 0 fees: @paradex on X ↗
11-03 18:30	Kraken Futures	Other	More ways to put your HYPE to work. kHYPE lets you keep your $HYPE in Kraken custody and use it onchain. And thanks to @nadoHQ, you can now use it as collateral. Congrats to the Nado team 🤝 @HyperliquidX @krakenfx on X ↗
11-03 16:43	Nado	Listing	New collateral & spot listing is live. You can now use $kHYPE (Kraken wrapped HYPE) as collateral to trade perps, spot and borrow on Nado. @nadoHQ on X ↗