HYPE

Alert

Funding spread now, next payment 17:00 UTC−0.0110%/8h

paid, last 24h+0.085%paid, last 7 days+0.542%to open and close $10k−$29

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit HYPE_USDC-PERPETUAL	92.987	0.0450	pay 0.0056% / 1h	49m 45s	$7.4M	$4.7M	50x
Short	BloFin HYPE-USDT	92.907	0.0340	get 0.0170% / 4h	3h 49m	$17.6M	$12.5M	75x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee BloFinbpOrdersRate

Funding earned: −$23.1
Slippage, 4 orders: −$9.62
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$51.72
Break-even: never at this rate

Slippage from Deribit: live order book, 1 min ago; BloFin: live order book, 6 min ago.

Price risk

price view

Price gap now: −0.086%
Avg gap 7d: −0.030%

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, 1 min ago	2.74 bp	9.2 bp −$9	15.7 bp −$157	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	0.05 bp	6.1 bp −$6	6.1 bp −$61	8.4 bp −$836	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	−0.0056%	4h	$168K	$376K	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	+0.0003%	1h	$127K	$26K	5x	as long as short
BingX HYPE-USDT	+0.0032%	4h	—	$52.5M	—	as long as short
OKX HYPE-USDT-SWAP	+0.0048%	8h	$115.1M	$313.9M	50x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.2M	$11.8M	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	$29K	$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	$613.9M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	$8.8M	$35.8M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.3M	$12.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$392.9M	$839.6M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$325.6M	$286.0M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$697K	$973K	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	$44.3M	$53.2M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$96.3M	$84.5M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$43.8M	$19.6M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$227.6M	$100.6M	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	$29.5M	$50.9M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$427K	$961K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$665K	$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	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$577K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$73K	$193K	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	$2.4M	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	$395K	$340K	20x	as long as short
edgeX HYPEUSDC	+0.0106%	4h	$5.1M	$28.3M	30x	as long as short
Kalshi KXHYPEPERP	+0.0115%	8h	$1.7M	$4.8M	2.3x	as long as short
01 Exchange HYPEUSD	+0.0120%	1h	$90K	$324K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0130%	8h	$337K	$288K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	$4.9M	$5.4M	50x	as long as short
Perpl HYPE	+0.0223%	43m	$31K	$346K	10x	as long as short
Reya HYPERUSDPERP	+0.0227%	1h	$73K	$166K	15x	as long as short
Aftermath Perps HYPEUSD	+0.0294%	1h	$22K	$35K	10x	as long as short
Lighter HYPE	+0.0312%	1h	$18.4M	$56.2M	20x	as long as short
BloFin HYPE-USDTshort	+0.0340%	4h	$17.6M	$12.5M	75x
GMX HYPE/USD [WBTC.b-USDC]	L +0.0350% / S −0.0168%	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	+0.0410%	1h	$16.3M	$20.8M	50x	as long as short
Deribit HYPE_USDC-PERPETUALlong	+0.0450%	1h	$7.4M	$4.7M	50x
RISEx HYPE/USDC	+0.0620%	1h	$2.5M	$7.3M	20x	as long as short
Hibachi HYPE/USDT-P	+0.0680%	1h	$204K	$197K	7x	as long as short
HTX HYPE-USDT	+0.0736%	4h	$1.5M	$7.0M	75x	as long as short