HYPE

Alert

Funding spread now, next payment 16:00 UTC−0.0006%/8h

next payment, per $10,000−$0.01paid, last 24h+0.025%paid, last 7 days+0.027%to open and close $10k−$34

Long on Coinbase International Short on Deribit

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International HYPE-PERP-INTX	93.410	0.0152	pay 0.0019% / 1h	15m 04s	$5.0M	$5.3M	50x
Short	Deribit HYPE_USDC-PERPETUAL	93.374	0.0146	get 0.0018% / 1h	15m 04s	$7.4M	$4.3M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee DeribitbpOrdersRate

Funding earned: −$1.26
Slippage, 4 orders: −$16.76
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$35.02
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Deribit: live order book, just now.

Price risk

price view

Price gap now: −0.039%
Avg gap 7d: +0.075%

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, 5 min ago	2.68 bp	8.4 bp −$8	13.5 bp −$135	36.9 bp −$3,685	doesn't fit
Sell Deribit live order book, just now	1.71 bp	7.8 bp −$8	9.8 bp −$98	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	−0.0112%	1h	$195K	$231K	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	$55K	—	150x	as long as short
Orderly PERP_HYPE_USDC	+0.0010%	4h	$170K	$355K	20x	as long as short
dYdX HYPE-USD	+0.0045%	1h	$127K	$26K	5x	as long as short
Phemex HYPEUSDT	+0.0052%	8h	$12.6M	$2.4M	50x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.1M	$12.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$135K	$1.1M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0098%	8h	$114.9M	$312.3M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	$41K	$1.8M	10x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Nado HYPE-PERP	+0.0100%	1h	$5.9M	$43.2M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	$8.9M	$35.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.4M	$12.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$391.4M	$846.9M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$326.3M	$283.7M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$699K	$987K	10x	as long as short
Arcus HYPE-USD	+0.0100%	1h	$1.2M	$4.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$204K	$17K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	$44.1M	$54.9M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$88.5M	$88.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$45.2M	$19.8M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$228.8M	$100.2M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	—	$52.4M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.5M	$10.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$29.0M	$50.4M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$428K	$927K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$672K	$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	$458K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$580K	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
Extended HYPE-USD	+0.0104%	1h	$18.2M	$41.9M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$397K	$340K	20x	as long as short
edgeX HYPEUSDC	+0.0105%	4h	$5.1M	$29.0M	30x	as long as short
Perpl HYPE	+0.0112%	43m	$31K	$349K	10x	as long as short
Paradex HYPE-USD-PERP	+0.0121%	8h	$338K	$287K	20x	as long as short
Kalshi KXHYPEPERP	+0.0125%	8h	$1.7M	$4.8M	2.3x	as long as short
Deribit HYPE_USDC-PERPETUALshort	+0.0146%	1h	$7.4M	$4.3M	50x
Coinbase International HYPE-PERP-INTXlong	+0.0152%	1h	$5.0M	$5.3M	50x
Lighter HYPE	+0.0160%	1h	$18.4M	$58.2M	20x	as long as short
01 Exchange HYPEUSD	+0.0160%	1h	$91K	$317K	20x	as long as short
Reya HYPERUSDPERP	+0.0231%	1h	$73K	$153K	15x	as long as short
Aftermath Perps HYPEUSD	+0.0293%	1h	$22K	$34K	10x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.6M	$11.7M	75x	as long as short
Hyperliquid HYPE	+0.0347%	1h	$2.03B	$619.9M	10x	as long as short
Injective HYPE/USDC PERP	+0.0356%	1h	$24K	$256K	12x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0356% / S −0.0176%	1h	$1.5M	—	100x	as long as short
Phoenix HYPE	+0.0386%	1h	$294K	$1.0M	10x	as long as short
Kraken Futures PF_HYPEUSD	+0.0409%	1h	$16.3M	$20.8M	50x	as long as short
RISEx HYPE/USDC	+0.0620%	1h	$2.6M	$7.3M	20x	as long as short
HTX HYPE-USDT	+0.0933%	4h	$1.5M	$7.1M	75x	as long as short
Bluefin HYPE-PERP	+0.3157%	1h	$73K	$186K	20x	as long as short