HYPE

Alert

Funding spread now, next payment 16:00 UTC−0.0052%/8h

next payment, per $10,000−$0.07paid, last 24h+0.045%paid, last 7 days+0.155%to open and close $10k−$27

Long on Coinbase International Short on Backpack

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International HYPE-PERP-INTX	93.280	0.0152	pay 0.0019% / 1h	27m 52s	$5.0M	$5.5M	50x
Short	Backpack HYPE_USDC_PERP	93.302	0.0100	get 0.0013% / 1h	27m 52s	$8.2M	$10.1M	20x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BackpackbpOrdersRate

Funding earned: −$10.92
Slippage, 4 orders: −$7.37
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$38.29
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Backpack: live order book, 3 min ago.

Price risk

price view

Price gap now: +0.024%
Avg gap 7d: +0.054%

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 Coinbase International live order book, 3 min ago	2.68 bp	8.1 bp −$8	12.7 bp −$127	36.8 bp −$3,684	doesn't fit
Sell Backpack live order book, 3 min ago	0.05 bp	5.9 bp −$6	9.5 bp −$95	259.5 bp −$25.9K	doesn't fit

HYPE on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0012%	4h	$170K	$381K	20x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$55K	—	150x	as long as short
dYdX HYPE-USD	+0.0041%	1h	$127K	$26K	5x	as long as short
Phemex HYPEUSDT	+0.0061%	8h	$12.6M	$2.4M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0079%	8h	$114.6M	$315.2M	50x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.2M	$12.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$134K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	$40K	$1.8M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$5.5M	$43.0M	10x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0100%	4h	$8.9M	$35.6M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.3M	$12.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$393.1M	$850.6M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$326.3M	$286.3M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$697K	$987K	10x	as long as short
Arcus HYPE-USD	+0.0100%	1h	$1.2M	$4.2M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$210K	$10K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	$44.2M	$54.5M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$90.5M	$87.7M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$45.0M	$19.9M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$229.0M	$101.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	—	$52.8M	—	as long as short
Backpack HYPE_USDC_PERPshort	+0.0100%	1h	$8.2M	$10.1M	20x
Variational Omni HYPE	+0.0100%	8h	$28.8M	$51.1M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$427K	$933K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$670K	$2.2M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	—	$407K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	$460K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$579K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	$16.4M	$7.3M	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
Extended HYPE-USD	+0.0104%	1h	$18.2M	$42.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$396K	$340K	20x	as long as short
edgeX HYPEUSDC	+0.0104%	4h	$5.1M	$28.8M	30x	as long as short
Perpl HYPE	+0.0112%	43m	$31K	$350K	10x	as long as short
Kalshi KXHYPEPERP	+0.0122%	8h	$1.7M	$4.8M	2.3x	as long as short
Paradex HYPE-USD-PERP	+0.0125%	8h	$338K	$288K	20x	as long as short
Coinbase International HYPE-PERP-INTXlong	+0.0152%	1h	$5.0M	$5.5M	50x
01 Exchange HYPEUSD	+0.0160%	1h	$91K	$321K	20x	as long as short
Hyperliquid HYPE	+0.0171%	1h	$2.02B	$628.2M	10x	as long as short
Lighter HYPE	+0.0176%	1h	$18.4M	$57.4M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0200%	1h	$7.4M	$4.7M	50x	as long as short
Reya HYPERUSDPERP	+0.0229%	1h	$73K	$159K	15x	as long as short
Aftermath Perps HYPEUSD	+0.0295%	1h	$22K	$34K	10x	as long as short
Hibachi HYPE/USDT-P	+0.0336%	1h	$194K	$231K	7x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.4M	$12.2M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0354% / S −0.0174%	1h	$1.5M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0356%	1h	$23K	$256K	12x	as long as short
Phoenix HYPE	+0.0386%	1h	$294K	$1.0M	10x	as long as short
Kraken Futures PF_HYPEUSD	+0.0409%	1h	$16.4M	$20.8M	50x	as long as short
RISEx HYPE/USDC	+0.0620%	1h	$2.5M	$7.3M	20x	as long as short
HTX HYPE-USDT	+0.0786%	4h	$1.5M	$7.0M	75x	as long as short
Bluefin HYPE-PERP	+0.4663%	1h	$73K	$188K	20x	as long as short