HYPE

Alert

Funding spread now, next payment 16:00 UTC+0.0195%/8h

paid, last 24h−0.012%paid, last 7 days−0.045%to open and close $10k−$22

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.045% in total (about -2.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HYPEUSDT	93.537	0.0100	pay 0.0050% / 4h	7m 47s	$8.9M	$35.8M	300x
Short	Deribit HYPE_USDC-PERPETUAL	93.627	0.0295	get 0.0037% / 1h	7m 47s	$7.4M	$4.6M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee DeribitbpOrdersRate

Funding earned: $40.95
Slippage, 4 orders: −$7.03
Fee Aster: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $18.92
Break-even: 3.8 days

Slippage from Aster: live order book, 3 min ago; Deribit: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.096%
Avg gap 7d: +0.043%

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 Aster live order book, 3 min ago	0.27 bp	5.1 bp −$5	6.9 bp −$69	14.3 bp −$1,430	doesn't fit
Sell Deribit live order book, 3 min ago	0.37 bp	3.9 bp −$4	9.6 bp −$96	doesn't fit	doesn't fit

HYPE on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_HYPE_USDC	−0.0094%	4h	$170K	$373K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
BingX HYPE-USDT	−0.0012%	4h	—	$52.2M	—	as long as short
Bybit HYPEUSDT	−0.0012%	8h	$327.4M	$284.5M	75x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$19K	—	150x	as long as short
OKX HYPE-USDT-SWAP	+0.0020%	8h	$115.9M	$314.4M	50x	as long as short
dYdX HYPE-USD	+0.0089%	1h	$127K	$26K	5x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.2M	$12.0M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$156K	$1.1M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0096%	1h	$5.0M	$5.3M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Katana Perps HYPE-USD	+0.0099%	8h	$39K	$1.8M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$5.7M	$42.6M	10x	as long as short
Aster HYPEUSDTlong	+0.0100%	4h	$8.9M	$35.8M	300x
Pacifica HYPE	+0.0100%	1h	$11.4M	$12.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$396.8M	$832.1M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$699K	$975K	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	$211K	$10K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	$44.5M	$55.7M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$97.7M	$87.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$43.9M	$20.2M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$228.9M	$101.0M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.3M	$9.0M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$29.8M	$51.6M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$426K	$964K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$708K	$2.1M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	—	$407K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	$462K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$578K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$73K	$194K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	$16.5M	$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	$1.9M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	$12.7M	$2.3M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.4M	$42.0M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$398K	$340K	20x	as long as short
edgeX HYPEUSDC	+0.0112%	4h	$5.1M	$27.8M	30x	as long as short
Kalshi KXHYPEPERP	+0.0125%	8h	$1.6M	$4.5M	2.3x	as long as short
Paradex HYPE-USD-PERP	+0.0135%	8h	$337K	$288K	20x	as long as short
01 Exchange HYPEUSD	+0.0144%	1h	$89K	$310K	20x	as long as short
Hibachi HYPE/USDT-P	+0.0168%	1h	$207K	$196K	7x	as long as short
Hyperliquid HYPE	+0.0199%	1h	$2.02B	$605.0M	10x	as long as short
Lighter HYPE	+0.0216%	1h	$18.7M	$58.6M	20x	as long as short
Aftermath Perps HYPEUSD	+0.0222%	1h	$22K	$35K	10x	as long as short
Perpl HYPE	+0.0223%	43m	$32K	$340K	10x	as long as short
Reya HYPERUSDPERP	+0.0225%	1h	$73K	$166K	15x	as long as short
Deribit HYPE_USDC-PERPETUALshort	+0.0295%	1h	$7.4M	$4.6M	50x
BloFin HYPE-USDT	+0.0340%	4h	$17.9M	$12.4M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0348% / S −0.0165%	1h	$1.5M	—	100x	as long as short
Phoenix HYPE	+0.0357%	1h	$296K	$1.1M	10x	as long as short
HTX HYPE-USDT	+0.0457%	4h	$1.5M	$6.8M	75x	as long as short
RISEx HYPE/USDC	+0.0500%	1h	$2.6M	$7.3M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0609%	1h	$16.5M	$21.3M	50x	as long as short
Injective HYPE/USDC PERP	+0.1001%	1h	$23K	$320K	12x	as long as short