HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0098%/8h= −10.7% APRnext payment −$0.12 per $10,000 · paid last 24h −0.033%

Price spread now: gTrade (Gains Network) against Backpack−0.013%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack HYPE_USDC_PERP	93.280	0.0100	pay 0.0013% / 1h	11m 03s	$7.4M	$10.3M	20x
Short	gTrade (Gains Network) HYPE/USD	93.268	L +0.0002% / S −0.0002%	get 0.0000% / 1h	11m 03s	$63K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Backpack. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.013%Rate

Funding earned: −$20.53
Price spread: −0.013% → 0.000%: −$1.33
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$41.86
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 3 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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 Backpack live order book, 3 min ago	0.05 bp	5.1 bp −$5	6.6 bp −$66	118.1 bp −$11.8K	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.1000%	1h	93.101	−0.192%	$197K	$227K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	93.117	−0.175%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0130%	1h	93.170	−0.118%	$698K	$1.0M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.234	−0.049%	$3K	$331	25x	as long as short
Aftermath Perps HYPEUSD	−0.0064%	1h	93.218	−0.067%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	93.262	−0.019%	$85K	$345K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0048%	4h	93.270	−0.011%	$155K	$654K	20x	as long as short
Phemex HYPEUSDT	−0.0003%	8h	93.277	−0.003%	$12.6M	$2.7M	50x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.241	−0.041%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.238	−0.045%	$23K	$319K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USDshort	L +0.0002% / S −0.0002%	1h	93.268	−0.013%	$63K	—	150x
Bullet HYPE-USD	+0.0008%	1h	93.226	−0.058%	$111K	$579K	20x	as long as short
Aster HYPEUSDT	+0.0018%	4h	93.294	+0.015%	$8.8M	$35.9M	300x	as long as short
Phoenix HYPE	+0.0026%	1h	93.156	−0.133%	$212K	$1.2M	10x	as long as short
BingX HYPE-USDT	+0.0036%	4h	93.299	+0.020%	—	$53.0M	—	as long as short
Gate HYPE_USDT	+0.0046%	4h	93.297	+0.018%	$44.6M	$55.5M	75x	as long as short
Bybit HYPEUSDT	+0.0047%	8h	93.294	+0.015%	$320.9M	$276.9M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0077%	8h	93.295	+0.016%	$113.8M	$299.6M	50x	as long as short
Derive HYPE-PERP	+0.0086%	1h	93.247	−0.035%	$16.2M	$7.5M	10x	as long as short
Lighter HYPE	+0.0096%	1h	93.307	+0.029%	$16.2M	$62.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.300	+0.021%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.243	−0.040%	$67K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.280	0.000%	$339K	$162K	20x	as long as short
MEXC HYPE_USDT	+0.0098%	4h	93.298	+0.019%	$89.6M	$81.2M	100x	as long as short
Binance HYPEUSDT	+0.0098%	4h	93.298	+0.019%	$377.2M	$880.2M	75x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.230	−0.054%	$24K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.243	−0.040%	$5.8M	$43.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.358	+0.084%	$2.04B	$657.5M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.252	−0.030%	$10.0M	$14.8M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.305	+0.027%	$45.9M	$18.2M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.300	+0.021%	$225.7M	$96.4M	75x	as long as short
Backpack HYPE_USDC_PERPlong	+0.0100%	1h	93.280	long leg	$7.4M	$10.3M	20x
Variational Omni HYPE	+0.0100%	8h	93.197	−0.089%	$31.4M	$53.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.122	−0.169%	$7.5M	$46.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.125	−0.166%	$338K	$998K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.143	−0.147%	$665K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.261	−0.020%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.276	−0.004%	$473K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.268	−0.013%	$79K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.328	+0.051%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.298	+0.019%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.155	−0.134%	$203K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.273	−0.007%	$18.3M	$42.9M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.287	+0.007%	$397K	$162K	20x	as long as short
edgeX HYPEUSDC	+0.0112%	4h	93.083	−0.212%	$5.0M	$28.9M	30x	as long as short
HTX HYPE-USDT	+0.0137%	4h	93.400	+0.129%	$1.4M	$6.0M	75x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.340	+0.064%	$4.8M	$5.5M	50x	as long as short
Reya HYPERUSDPERP	+0.0259%	1h	93.236	−0.047%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0268%	8h	93.317	+0.040%	$1.9M	$5.2M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.269	−0.011%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0338%	4h	93.247	−0.035%	$17.0M	$11.5M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0436%	1h	93.390	+0.118%	$7.5M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.338	+0.062%	$3.2M	$6.3M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.160	−0.129%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0685%	1h	93.350	+0.075%	$20.7M	$29.8M	50x	as long as short