HYPE

Alert

Funding spread now, next payment 19:00 UTC+0.0064%/8h

next payment, per $10,000+$0.08paid, last 24h+0.021%paid, last 3 days+0.051%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin HYPE-PERP	92.961	0.0100	pay 0.0013% / 1h	3m 51s	$75K	$177K	20x
Short	GMX HYPE/USD [WBTC.b-USDC]	92.948	L +0.0339% / S −0.0164%	get 0.0021% / 1h	3m 51s	$1.4M	—	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BluefinbpFee GMXbpOrdersRate

Funding earned: $13.54
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$5.46
Break-even: 9.8 days

Slippage unknown: Bluefin: live order book, 32 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.014%
Avg gap 7d: +0.021%

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 Bluefin live order book, 32 min ago	2.53 bp	13.7 bp −$14	doesn't fit	doesn't fit	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	−0.0864%	1h	$194K	$239K	7x	as long as short
Arcus HYPE-USD	−0.0121%	1h	$1.2M	$4.1M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
Perpl HYPE	0.0000%	43m	$26K	$392K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0005%	1h	$43K	—	150x	as long as short
dYdX HYPE-USD	+0.0015%	1h	$127K	$28K	5x	as long as short
Aftermath Perps HYPEUSD	+0.0042%	1h	$22K	$28K	10x	as long as short
Aster HYPEUSDT	+0.0061%	4h	$9.0M	$36.4M	300x	as long as short
Kraken Futures PF_HYPEUSD	+0.0085%	1h	$16.1M	$21.0M	50x	as long as short
Lighter HYPE	+0.0096%	1h	$18.6M	$59.0M	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter RH HYPE	+0.0096%	1h	$3.1M	$12.6M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$54K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	$13K	$1.9M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$6.4M	$43.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	$10.0M	$14.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$387.0M	$873.2M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$325.7M	$291.4M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	$114.0M	$318.3M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$698K	$1.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$203K	$11K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	$43.8M	$57.4M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$91.7M	$83.7M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$46.3M	$20.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$225.8M	$104.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	—	$56.5M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$7.9M	$11.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$28.6M	$49.6M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$427K	$906K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$673K	$2.3M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	$465K	$2.6M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$113K	$567K	20x	as long as short
Orderly PERP_HYPE_USDC	+0.0100%	4h	$191K	$502K	20x	as long as short
Bluefin HYPE-PERPlong	+0.0100%	1h	$75K	$177K	20x
Derive HYPE-PERP	+0.0100%	1h	$16.3M	$7.1M	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
Vest HYPE-PERP	+0.0100%	1h	—	$407K	5x	as long as short
Kalshi KXHYPEPERP	+0.0101%	8h	$2.0M	$5.5M	2.3x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.1M	$40.9M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$395K	$321K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0105%	8h	$340K	$288K	20x	as long as short
edgeX HYPEUSDC	+0.0106%	4h	$5.1M	$28.9M	30x	as long as short
01 Exchange HYPEUSD	+0.0112%	1h	$89K	$324K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0200%	1h	$4.9M	$5.7M	50x	as long as short
Reya HYPERUSDPERP	+0.0240%	1h	$76K	$157K	15x	as long as short
Phoenix HYPE	+0.0338%	1h	$220K	$977K	10x	as long as short
GMX HYPE/USD [WBTC.b-USDC]short	L +0.0339% / S −0.0164%	1h	$1.4M	—	100x
BloFin HYPE-USDT	+0.0340%	4h	$17.4M	$12.3M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0395%	1h	$7.4M	$4.7M	50x	as long as short
HTX HYPE-USDT	+0.0509%	4h	$1.5M	$7.4M	75x	as long as short
Hyperliquid HYPE	+0.0558%	1h	$2.01B	$670.3M	10x	as long as short
RISEx HYPE/USDC	+0.0569%	1h	$2.6M	$6.4M	20x	as long as short
Injective HYPE/USDC PERP	+0.1593%	1h	$30K	$177K	12x	as long as short