HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.05 per $10,000 · paid last 24h −0.031%

Price spread now: Orderly against BingX−0.009%7-day average +0.003% · you buy dearer than you sell

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

Long on BingX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.009%, 7d avg +0.003%

Together, before fees−0.090%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX HYPE-USDT	95.049	0.0004	pay 0.0002% / 4h	2h 59m	—	$50.5M	—
Short	Orderly PERP_HYPE_USDC	95.040	−0.0006	pay 0.0003% / 4h	2h 59m	$148K	$669K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against BingX. 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 BingXbpFee OrderlybpOrdersPrice spread, now −0.009%Rate

Funding earned: −$2.18
Price spread: −0.009% → +0.003%: −$1.22
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$19.4
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 4 min ago; Orderly: 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 BingX live order book, 4 min ago	0.10 bp	5.9 bp −$6	7.9 bp −$79	13.2 bp −$1,324	20.6 bp −$10.3K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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: 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	−0.1048%	1h	94.957	−0.097%	$211K	$265K	7x	as long as short
Bluefin HYPE-PERP	−0.0548%	1h	95.034	−0.016%	$79K	$148K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0212%	1h	95.177	+0.135%	$22K	$19K	10x	as long as short
Bullet HYPE-USD	−0.0208%	1h	95.077	+0.029%	$112K	$580K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0190%	1h	95.020	−0.031%	$695K	$1.3M	10x	as long as short
Phemex HYPEUSDT	−0.0181%	8h	95.030	−0.020%	$13.0M	$2.8M	50x	as long as short
Arcus HYPE-USD	−0.0159%	1h	95.026	−0.024%	$1.0M	$3.1M	10x	as long as short
01 Exchange HYPEUSD	−0.0120%	1h	95.081	+0.034%	$91K	$354K	20x	as long as short
dYdX HYPE-USD	−0.0098%	1h	95.080	+0.032%	$130K	$93K	5x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.043	−0.006%	$3K	$331	25x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate HYPE_USDT	−0.0072%	4h	95.014	−0.037%	$53.1M	$57.1M	75x	as long as short
Kraken Futures PF_HYPEUSD	−0.0047%	1h	95.076	+0.028%	$18.8M	$35.7M	50x	as long as short
Vest HYPE-PERP	−0.0034%	1h	95.124	+0.078%	—	$88K	5x	as long as short
Orderly PERP_HYPE_USDCshort	−0.0006%	4h	95.040	−0.009%	$148K	$669K	20x
Bybit HYPEUSDT	−0.0005%	8h	95.030	−0.020%	$319.6M	$282.8M	75x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	95.120	+0.075%	$1.8M	$5.3M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	95.025	−0.025%	$19K	$272K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.100	+0.054%	$86K	—	150x	as long as short
BingX HYPE-USDTlong	+0.0004%	4h	95.049	long leg	—	$50.5M	—
Phoenix HYPE	+0.0008%	1h	95.157	+0.114%	$203K	$1.2M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	95.140	+0.096%	$4.7M	$5.7M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0027%	8h	95.022	−0.028%	$118.7M	$321.1M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0041%	8h	95.060	+0.012%	$340K	$38K	20x	as long as short
Bitget HYPEUSDT	+0.0050%	4h	95.071	+0.023%	$228.4M	$93.3M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0052%	1h	95.020	−0.031%	$7.4M	$10.2M	20x	as long as short
SoDEX HYPE-USD	+0.0065%	1h	95.065	+0.017%	$2.1M	$1.5M	10x	as long as short
Aster HYPEUSDT	+0.0069%	4h	95.010	−0.041%	$9.0M	$36.4M	300x	as long as short
edgeX HYPEUSDC	+0.0096%	4h	95.176	+0.133%	$5.1M	$31.1M	30x	as long as short
Lighter HYPE	+0.0096%	1h	95.024	−0.026%	$16.2M	$60.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.031	−0.019%	$3.2M	$9.8M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	95.082	+0.035%	$266K	$1.3M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0097%	1h	95.153	+0.109%	$7.5M	$4.4M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	95.050	+0.001%	$40K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.003	−0.048%	$7.3M	$55.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.174	+0.132%	$2.10B	$674.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.060	+0.012%	$10.2M	$14.0M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	95.016	−0.035%	$382.4M	$908.3M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.176	+0.133%	$222K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	95.018	−0.033%	$87.0M	$84.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.015	−0.036%	$47.4M	$18.3M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.987	−0.065%	$30.1M	$55.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.148	+0.104%	$7.7M	$43.4M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.146	+0.102%	$349K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	95.051	+0.002%	$691K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	95.102	+0.056%	$500K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.942	−0.113%	$32K	$1.5M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.145	+0.101%	$1.4M	$6.7M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	95.014	−0.037%	$18.2M	$42.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	95.055	+0.006%	$402K	$136K	20x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	95.114	+0.068%	$3.2M	$6.2M	20x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	95.480	+0.453%	$31K	$340K	12x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	95.018	−0.033%	$85K	$93K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	95.106	+0.060%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	95.018	−0.033%	$17.2M	$12.2M	75x	as long as short