HYPE

Alert

Funding spread now, next payment 17:00 UTC−0.0284%/8h

next payment, per $10,000−$0.36paid, last 24h+0.017%paid, last 7 days+0.078%to open and close $10k−$34

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.078% in total (about 4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.36 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit HYPE_USDC-PERPETUAL	93.119	0.0384	pay 0.0048% / 1h	45m 09s	$7.4M	$4.7M	50x
Short	ApeX Omni HYPEUSDT	93.017	0.0100	get 0.0013% / 1h	45m 09s	$427K	$959K	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee ApeX OmnibpOrdersRate

Funding earned: −$59.64
Slippage, 4 orders: −$16.78
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$93.42
Break-even: never at this rate

Slippage from Deribit: live order book, 5 min ago; ApeX Omni: live order book, 65 min ago.

Price risk

price view

Price gap now: −0.110%
Avg gap 7d: −0.039%

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 Deribit live order book, 5 min ago	2.74 bp	9.2 bp −$9	15.7 bp −$157	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 65 min ago	3.02 bp	8.0 bp −$8	11.7 bp −$117	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
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0047%	4h	$169K	$378K	20x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$18K	—	150x	as long as short
dYdX HYPE-USD	+0.0029%	1h	$127K	$26K	5x	as long as short
BingX HYPE-USDT	+0.0040%	4h	—	$52.3M	—	as long as short
OKX HYPE-USDT-SWAP	+0.0057%	8h	$115.2M	$313.3M	50x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.2M	$11.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$155K	$1.1M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	$38K	$1.8M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$5.5M	$42.8M	10x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hyperliquid HYPE	+0.0100%	1h	$2.00B	$615.1M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	$8.8M	$35.7M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.3M	$12.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$393.6M	$838.4M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$325.4M	$285.4M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$697K	$974K	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	$211K	$10K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	$44.4M	$53.4M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$97.2M	$84.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$44.9M	$19.8M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$228.1M	$100.5M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.4M	$9.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$29.4M	$51.0M	—	as long as short
ApeX Omni HYPEUSDTshort	+0.0100%	1h	$427K	$959K	50x
StandX HYPE-USD	+0.0100%	1h	$666K	$2.1M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	—	$407K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	$451K	$2.3M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$111K	$577K	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	$1.9M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	$12.6M	$2.3M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.2M	$42.0M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$396K	$340K	20x	as long as short
edgeX HYPEUSDC	+0.0112%	4h	$5.1M	$28.5M	30x	as long as short
Kalshi KXHYPEPERP	+0.0124%	8h	$1.7M	$4.8M	2.3x	as long as short
Paradex HYPE-USD-PERP	+0.0130%	8h	$337K	$287K	20x	as long as short
01 Exchange HYPEUSD	+0.0144%	1h	$90K	$323K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	$5.0M	$5.4M	50x	as long as short
Perpl HYPE	+0.0223%	43m	$31K	$349K	10x	as long as short
Reya HYPERUSDPERP	+0.0227%	1h	$73K	$166K	15x	as long as short
Lighter HYPE	+0.0264%	1h	$18.4M	$56.4M	20x	as long as short
Aftermath Perps HYPEUSD	+0.0310%	1h	$22K	$35K	10x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.6M	$12.5M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0351% / S −0.0169%	1h	$1.5M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0356%	1h	$23K	$256K	12x	as long as short
Deribit HYPE_USDC-PERPETUALlong	+0.0384%	1h	$7.4M	$4.7M	50x
Phoenix HYPE	+0.0386%	1h	$294K	$1.0M	10x	as long as short
Kraken Futures PF_HYPEUSD	+0.0410%	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
Hibachi HYPE/USDT-P	+0.0720%	1h	$195K	$226K	7x	as long as short
HTX HYPE-USDT	+0.0724%	4h	$1.5M	$7.0M	75x	as long as short
Bluefin HYPE-PERP	+0.3369%	1h	$74K	$191K	20x	as long as short