HYPE

Alert

Funding spread now, next payment 16:00 UTC+0.0076%/8h

next payment, per $10,000+$0.10paid, last 24h−0.008%paid, last 3 days+0.325%to open and closeno order book

Long on Aftermath Perps Short on Phoenix

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps HYPEUSD	93.142	0.0310	pay 0.0039% / 1h	19m 41s	$22K	$34K	10x
Short	Phoenix HYPE	93.317	0.0386	get 0.0048% / 1h	19m 41s	$294K	$1.0M	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Aftermath PerpsbpFee PhoenixbpOrdersRate

Funding earned: $15.99
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$0.01
Break-even: 7.0 days

Slippage unknown: Aftermath Perps: no order-book sample; Phoenix: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.188%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 5 min ago	1.28 bp	5.8 bp −$6	11.1 bp −$111	132.0 bp −$13.2K	doesn't fit

Aftermath Perps: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
Orderly PERP_HYPE_USDC	+0.0001%	4h	$170K	$357K	20x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$55K	—	150x	as long as short
Hibachi HYPE/USDT-P	+0.0016%	1h	$195K	$231K	7x	as long as short
dYdX HYPE-USD	+0.0040%	1h	$127K	$26K	5x	as long as short
OKX HYPE-USDT-SWAP	+0.0091%	8h	$114.5M	$312.8M	50x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.1M	$12.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$133K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	$40K	$1.8M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$5.5M	$43.0M	10x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0100%	4h	$8.9M	$35.5M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.3M	$12.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$390.5M	$851.5M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$325.4M	$285.3M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$700K	$989K	10x	as long as short
Arcus HYPE-USD	+0.0100%	1h	$1.2M	$4.1M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$204K	$17K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	$44.0M	$54.7M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$88.6M	$88.7M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$45.1M	$19.9M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$228.2M	$101.3M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	—	$52.8M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.5M	$10.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$29.0M	$50.9M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$428K	$929K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$671K	$2.3M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	—	$407K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	$457K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$579K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	$16.4M	$7.2M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	$12.6M	$2.4M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.2M	$42.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$396K	$340K	20x	as long as short
edgeX HYPEUSDC	+0.0104%	4h	$5.1M	$28.9M	30x	as long as short
Perpl HYPE	+0.0112%	43m	$31K	$352K	10x	as long as short
Paradex HYPE-USD-PERP	+0.0122%	8h	$337K	$287K	20x	as long as short
Kalshi KXHYPEPERP	+0.0123%	8h	$1.7M	$4.8M	2.3x	as long as short
Lighter HYPE	+0.0152%	1h	$18.3M	$58.0M	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	$4.9M	$5.5M	50x	as long as short
01 Exchange HYPEUSD	+0.0160%	1h	$91K	$319K	20x	as long as short
Reya HYPERUSDPERP	+0.0230%	1h	$73K	$155K	15x	as long as short
Hyperliquid HYPE	+0.0291%	1h	$2.02B	$617.7M	10x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0309%	1h	$7.4M	$4.7M	50x	as long as short
Aftermath Perps HYPEUSDlong	+0.0310%	1h	$22K	$34K	10x
BloFin HYPE-USDT	+0.0340%	4h	$17.3M	$11.9M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0355% / S −0.0176%	1h	$1.5M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0356%	1h	$24K	$256K	12x	as long as short
Phoenix HYPEshort	+0.0386%	1h	$294K	$1.0M	10x
Kraken Futures PF_HYPEUSD	+0.0410%	1h	$16.3M	$20.8M	50x	as long as short
RISEx HYPE/USDC	+0.0620%	1h	$2.5M	$7.3M	20x	as long as short
HTX HYPE-USDT	+0.0883%	4h	$1.5M	$7.1M	75x	as long as short
Bluefin HYPE-PERP	+0.3615%	1h	$73K	$187K	20x	as long as short