HYPE

Alert

Funding spread now, next payment 16:00 UTC+0.0060%/8h

paid, last 24h+0.022%paid, last 3 days−0.030%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster HYPEUSDT	94.064	0.0100	pay 0.0050% / 4h	52m 07s	$8.9M	$32.8M	300x
Short	GMX HYPE/USD [WBTC.b-USDC]	94.069	L +0.0344% / S −0.0160%	get 0.0020% / 1h	52m 07s	$1.5M	—	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee GMXbpOrdersRate

Funding earned: $12.54
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$7.46
Break-even: 11.2 days

Slippage unknown: Aster: live order book, 3 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.005%
Avg gap 7d: +0.024%

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	1.12 bp	5.1 bp −$5	5.2 bp −$52	11.3 bp −$1,126	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Hibachi HYPE/USDT-P	−0.0712%	1h	$202K	$178K	7x	as long as short
Orderly PERP_HYPE_USDC	−0.0192%	4h	$171K	$415K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
BingX HYPE-USDT	−0.0044%	4h	—	$49.6M	—	as long as short
OKX HYPE-USDT-SWAP	−0.0039%	8h	$117.9M	$302.1M	50x	as long as short
Bybit HYPEUSDT	0.0000%	8h	$327.4M	$277.6M	75x	as long as short
Perpl HYPE	0.0000%	43m	$33K	$351K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$33K	—	150x	as long as short
01 Exchange HYPEUSD	+0.0048%	1h	$84K	$299K	20x	as long as short
Gate HYPE_USDT	+0.0066%	4h	$44.3M	$53.4M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX HYPE-USD	+0.0073%	1h	$128K	$23K	5x	as long as short
Lighter HYPE	+0.0096%	1h	$18.8M	$53.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.1M	$11.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$161K	$1.1M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0096%	1h	$5.0M	$5.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0098%	8h	$337K	$288K	20x	as long as short
Phemex HYPEUSDT	+0.0099%	8h	$12.7M	$2.2M	50x	as long as short
Aftermath Perps HYPEUSD	+0.0099%	1h	$22K	$34K	10x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	$11K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$5.7M	$42.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	$2.05B	$562.3M	10x	as long as short
Aster HYPEUSDTlong	+0.0100%	4h	$8.9M	$32.8M	300x
Pacifica HYPE	+0.0100%	1h	$11.4M	$12.0M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$397.9M	$783.3M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$705K	$898K	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	$213K	$10K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$94.7M	$81.6M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$44.6M	$19.6M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$233.7M	$92.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.3M	$8.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$30.4M	$51.2M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$429K	$951K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$721K	$2.0M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	—	$407K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	$465K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$581K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$69K	$191K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	$16.7M	$7.2M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	$32K	$1.5M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	$2.0M	$1.9M	10x	as long as short
edgeX HYPEUSDC	+0.0101%	4h	$5.1M	$26.2M	30x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.5M	$38.8M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$400K	$347K	20x	as long as short
Kalshi KXHYPEPERP	+0.0162%	8h	$1.7M	$4.1M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0220%	1h	$76K	$167K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0313%	1h	$7.4M	$4.6M	50x	as long as short
HTX HYPE-USDT	+0.0329%	4h	$1.5M	$6.5M	75x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.9M	$11.9M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]short	L +0.0344% / S −0.0160%	1h	$1.5M	—	100x
Phoenix HYPE	+0.0357%	1h	$295K	$1.1M	10x	as long as short
RISEx HYPE/USDC	+0.0500%	1h	$2.5M	$7.2M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0605%	1h	$16.9M	$20.6M	50x	as long as short
Injective HYPE/USDC PERP	+0.1001%	1h	$24K	$319K	12x	as long as short