HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.17 per $10,000 · paid last 24h −0.040%

Price spread now: Orderly against Bitget−0.019%7-day average +0.011% · you buy dearer than you sell

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

Long on Bitget Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.019%, 7d avg +0.011%

Together, before fees−0.057%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.030% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HYPEUSDT	94.173	0.0020	pay 0.0010% / 4h	2h 13m	$227.2M	$99.3M	75x
Short	Orderly PERP_HYPE_USDC	94.155	−0.0015	pay 0.0007% / 4h	2h 13m	$147K	$678K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bitget. 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 BitgetbpFee OrderlybpOrdersPrice spread, now −0.019%Rate

Funding earned: −$7.33
Price spread: −0.019% → +0.011%: −$3.01
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$28.34
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago	0.43 bp	9.4 bp −$9	14.9 bp −$149	doesn't fit	doesn't fit
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 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	−0.1328%	1h	94.055	−0.125%	$199K	$239K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0391%	1h	93.960	−0.226%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.149	−0.025%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0016%	1h	94.183	+0.010%	$112K	$580K	20x	as long as short
Orderly PERP_HYPE_USDCshort	−0.0015%	4h	94.155	−0.019%	$147K	$678K	20x
dYdX HYPE-USD	0.0000%	1h	94.186	+0.014%	$129K	$29K	5x	as long as short
01 Exchange HYPEUSD	0.0000%	1h	94.173	0.000%	$86K	$372K	20x	as long as short
Perpl HYPE	0.0000%	43m	94.193	+0.021%	$23K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	94.200	+0.029%	$63K	—	150x	as long as short
Arcus HYPE-USD	+0.0011%	1h	94.145	−0.030%	$1.1M	$4.0M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget HYPEUSDTlong	+0.0020%	4h	94.173	long leg	$227.2M	$99.3M	75x
Bybit HYPEUSDT	+0.0023%	8h	94.200	+0.029%	$319.6M	$284.1M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	94.200	+0.029%	$209K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0027%	8h	94.145	−0.030%	$12.8M	$2.8M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0067%	1h	94.080	−0.099%	$709K	$1.2M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	94.186	+0.014%	$342K	$158K	20x	as long as short
Lighter HYPE	+0.0096%	1h	94.195	+0.024%	$16.4M	$63.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.196	+0.024%	$3.1M	$11.5M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.159	−0.015%	$72K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.160	−0.014%	$28K	$1.7M	10x	as long as short
edgeX HYPEUSDC	+0.0100%	4h	94.090	−0.088%	$5.0M	$30.2M	30x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.154	−0.020%	$7.2M	$48.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.262	+0.095%	$2.06B	$676.0M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.198	+0.027%	$8.8M	$36.5M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.185	+0.013%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.215	+0.045%	$378.2M	$919.6M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.204	+0.033%	$116.4M	$315.7M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.358	−0.865%	$216K	$15K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.172	−0.001%	$48.1M	$55.3M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.185	+0.013%	$90.4M	$81.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.201	+0.030%	$46.5M	$18.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.176	+0.003%	—	$53.5M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.192	+0.020%	$7.2M	$10.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.099	−0.078%	$28.9M	$56.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.125	−0.051%	$7.7M	$48.4M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.113	−0.064%	$337K	$998K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.142	−0.033%	$674K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.234	+0.065%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.184	+0.012%	$478K	$2.8M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.192	+0.020%	$80K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	94.165	−0.009%	$16.2M	$7.4M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.244	+0.075%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.185	+0.013%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.333	+0.170%	$1.4M	$6.6M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.152	−0.022%	$18.3M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.176	+0.003%	$398K	$159K	20x	as long as short
Kalshi KXHYPEPERP	+0.0120%	8h	94.246	+0.078%	$1.8M	$5.6M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	94.310	+0.145%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.220	+0.050%	$4.7M	$6.1M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0153%	1h	94.254	+0.086%	$7.5M	$4.1M	50x	as long as short
Reya HYPERUSDPERP	+0.0270%	1h	94.172	−0.001%	$81K	$127K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0154%	1h	94.190	+0.018%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0338%	1h	94.260	+0.093%	$21.0M	$29.6M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.169	−0.004%	$16.8M	$12.1M	75x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	94.225	+0.055%	$3.2M	$6.3M	20x	as long as short