HYPE

Alert

Funding spread now, next payment 18:00 UTC+0.0875%/8h

next payment, per $10,000+$1.09paid, last 24h+0.033%paid, last 7 days−0.007%to open and close $10k−$21

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.007% in total (about -0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.09 per $10,000. 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	Backpack HYPE_USDC_PERP	93.021	0.0100	pay 0.0013% / 1h	42m 20s	$8.5M	$10.6M	20x
Short	Hyperliquid HYPE	92.968	0.0975	get 0.0122% / 1h	42m 20s	$2.02B	$623.8M	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee BackpackbpFee HyperliquidbpOrdersRate

Funding earned: $183.78
Slippage, 4 orders: −$1.51
Fee Backpack: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $163.27
Break-even: 0.8 days

Slippage from Backpack: live order book, 3 min ago; Hyperliquid: live order book, 13 min ago.

Price risk

price view

Price gap now: −0.057%
Avg gap 7d: −0.209%

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 Backpack live order book, 3 min ago	0.05 bp	6.3 bp −$6	8.7 bp −$87	88.7 bp −$8,871	doesn't fit
Sell Hyperliquid live order book, 13 min ago	0.05 bp	4.6 bp −$5	4.7 bp −$47	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
Hibachi HYPE/USDT-P	−0.1096%	1h	$195K	$226K	7x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$54K	—	150x	as long as short
dYdX HYPE-USD	+0.0014%	1h	$126K	$26K	5x	as long as short
BingX HYPE-USDT	+0.0040%	4h	—	$51.9M	—	as long as short
Orderly PERP_HYPE_USDC	+0.0070%	4h	$177K	$430K	20x	as long as short
Injective HYPE/USDC PERP	+0.0082%	1h	$23K	$167K	12x	as long as short
Lighter HYPE	+0.0096%	1h	$18.3M	$56.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.1M	$12.0M	20x	as long as short
01 Exchange HYPEUSD	+0.0096%	1h	$91K	$314K	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Popdex HYPEUSDT	+0.0096%	1h	$65K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	$38K	$1.8M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$6.4M	$43.3M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	$8.8M	$35.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.3M	$12.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$389.7M	$844.7M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$325.9M	$281.5M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	$114.2M	$310.1M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$698K	$970K	10x	as long as short
Arcus HYPE-USD	+0.0100%	1h	$1.2M	$3.9M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$203K	$8K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	$43.9M	$53.6M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$92.5M	$82.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$45.7M	$19.7M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$227.2M	$101.0M	75x	as long as short
Backpack HYPE_USDC_PERPlong	+0.0100%	1h	$8.5M	$10.6M	20x
Variational Omni HYPE	+0.0100%	8h	$28.9M	$50.0M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$427K	$927K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$670K	$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	$459K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$565K	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
edgeX HYPEUSDC	+0.0100%	4h	$5.1M	$28.9M	30x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.2M	$41.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$395K	$335K	20x	as long as short
Kalshi KXHYPEPERP	+0.0104%	8h	$1.7M	$4.9M	2.3x	as long as short
Perpl HYPE	+0.0112%	43m	$29K	$346K	10x	as long as short
Paradex HYPE-USD-PERP	+0.0112%	8h	$336K	$287K	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0170%	1h	$7.3M	$4.3M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0200%	1h	$4.9M	$5.3M	50x	as long as short
Reya HYPERUSDPERP	+0.0234%	1h	$73K	$149K	15x	as long as short
Kraken Futures PF_HYPEUSD	+0.0258%	1h	$16.2M	$20.7M	50x	as long as short
Aftermath Perps HYPEUSD	+0.0339%	1h	$22K	$32K	10x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.4M	$11.6M	75x	as long as short
Phoenix HYPE	+0.0351%	1h	$295K	$984K	10x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0359% / S −0.0182%	1h	$1.5M	—	100x	as long as short
RISEx HYPE/USDC	+0.0611%	1h	$2.5M	$6.8M	20x	as long as short
Bluefin HYPE-PERP	+0.0665%	1h	$73K	$182K	20x	as long as short
HTX HYPE-USDT	+0.0892%	4h	$1.5M	$7.1M	75x	as long as short
Hyperliquid HYPEshort	+0.0975%	1h	$2.02B	$623.8M	10x