HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0027%/8h= −3.0% APRnext payment −$0.03 per $10,000 · paid last 24h −0.014%

Price spread now: gTrade (Gains Network) against Derive+0.076%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Derive Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.076% dearer against Derive than usual: you sell high and buy low (spread +0.076% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 9.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive HYPE-PERP	93.878	0.0030	pay 0.0004% / 1h	19m 07s	$16.4M	$7.1M	10x
Short	gTrade (Gains Network) HYPE/USD	93.949	L +0.0002% / S −0.0003%	get 0.0000% / 1h	19m 07s	$26K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Derive. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DerivebpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.076%Rate

Funding earned: −$5.75
Price spread: +0.076% → 0.000%: $7.59
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$14.16
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; gTrade (Gains Network): no order-book sample. Net counts fees only.

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 Derive no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Derive and gTrade (Gains Network): 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 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.1032%	1h	93.669	−0.223%	$198K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0403%	1h	93.712	−0.176%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	93.804	−0.079%	$1.2M	$3.8M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.863	−0.016%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.P	−0.0073%	1h	93.710	−0.179%	$704K	$913K	10x	as long as short
01 Exchange HYPEUSD	−0.0064%	1h	93.890	+0.013%	$86K	$367K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0001%	4h	93.930	+0.056%	$168K	$586K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.923	+0.048%	$128K	$30K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.869	−0.010%	$23K	$329K	10x	as long as short
gTrade (Gains Network) HYPE/USDshort	L +0.0002% / S −0.0003%	1h	93.949	+0.076%	$26K	—	150x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix HYPE	+0.0009%	1h	93.610	−0.285%	$216K	$1.2M	10x	as long as short
Aster HYPEUSDT	+0.0014%	4h	93.906	+0.030%	$8.9M	$36.0M	300x	as long as short
Bybit HYPEUSDT	+0.0020%	8h	93.920	+0.045%	$323.0M	$283.8M	75x	as long as short
Derive HYPE-PERPlong	+0.0030%	1h	93.878	long leg	$16.4M	$7.1M	10x
MEXC HYPE_USDT	+0.0052%	4h	93.927	+0.052%	$88.7M	$82.0M	100x	as long as short
Phemex HYPEUSDT	+0.0054%	8h	93.913	+0.038%	$12.8M	$2.6M	50x	as long as short
Binance HYPEUSDT	+0.0055%	4h	93.936	+0.062%	$383.5M	$896.8M	75x	as long as short
edgeX HYPEUSDC	+0.0070%	4h	93.483	−0.420%	$5.1M	$29.7M	30x	as long as short
Popdex HYPEUSDT	+0.0080%	1h	93.909	+0.033%	$59K	$1.2M	50x	as long as short
Gate HYPE_USDT	+0.0080%	4h	93.933	+0.059%	$44.1M	$59.7M	75x	as long as short
Lighter HYPE	+0.0096%	1h	93.974	+0.103%	$18.9M	$60.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.946	+0.073%	$3.0M	$12.3M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.936	+0.062%	$400K	$318K	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0099%	8h	93.933	+0.059%	$115.8M	$322.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.919	+0.044%	$341K	$171K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	93.870	−0.008%	$15K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.895	+0.019%	$5.7M	$44.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.920	+0.045%	$10.1M	$14.6M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.820	−0.062%	$205K	$7K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.918	+0.043%	$46.5M	$18.6M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.937	+0.063%	$227.5M	$102.2M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.921	+0.046%	—	$54.2M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.963	+0.091%	$7.9M	$10.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.672	−0.219%	$31.1M	$54.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.549	−0.350%	$7.5M	$45.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.489	−0.414%	$358K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.696	−0.194%	$677K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.913	+0.037%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.924	+0.049%	$471K	$2.5M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	93.909	+0.033%	$112K	$576K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.929	+0.055%	$76K	$171K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.965	+0.093%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.928	+0.054%	$2.0M	$2.0M	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	94.410	+0.567%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.910	+0.034%	$18.3M	$42.9M	50x	as long as short
Hyperliquid HYPE	+0.0119%	1h	93.980	+0.109%	$2.04B	$679.0M	10x	as long as short
Kalshi KXHYPEPERP	+0.0140%	8h	93.917	+0.042%	$1.9M	$5.0M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	93.980	+0.109%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0203%	4h	94.050	+0.183%	$1.5M	$7.8M	75x	as long as short
BloFin HYPE-USDT	+0.0222%	4h	93.922	+0.047%	$17.0M	$12.6M	75x	as long as short
Reya HYPERUSDPERP	+0.0249%	1h	93.906	+0.030%	$77K	$142K	15x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	93.946	+0.073%	$2.8M	$6.9M	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0163%	1h	93.946	+0.073%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0346%	1h	94.019	+0.150%	$7.5M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0577%	1h	94.025	+0.157%	$21.0M	$29.5M	50x	as long as short