HYPE

Alert

Funding spread now, next payment 16:00 UTC−0.0180%/8h

next payment, per $10,000−$0.23paid, last 24h−0.035%paid, last 3 days−0.257%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive HYPE-PERP	93.458	0.0100	pay 0.0013% / 1h	11m 09s	$16.5M	$7.1M	10x
Short	Hotstuff HYPE-PERP	93.368	−0.0080	pay 0.0010% / 1h	11m 09s	$3K	$307	25x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DerivebpFee HotstuffbpOrdersRate

Funding earned: −$37.8
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$48.8
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Hotstuff: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.096%
Avg gap 7d: —

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 Derive no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

Derive and Hotstuff: 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 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_HYPE_USDC	−0.0100%	4h	$170K	$376K	20x	as long as short
Hotstuff HYPE-PERPshort	−0.0080%	1h	$3K	$307	25x
Bybit HYPEUSDT	−0.0012%	8h	$327.1M	$283.9M	75x	as long as short
BingX HYPE-USDT	−0.0012%	4h	—	$52.3M	—	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$33K	—	150x	as long as short
OKX HYPE-USDT-SWAP	+0.0017%	8h	$115.7M	$313.9M	50x	as long as short
Hibachi HYPE/USDT-P	+0.0088%	1h	$206K	$197K	7x	as long as short
dYdX HYPE-USD	+0.0094%	1h	$127K	$26K	5x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.2M	$12.0M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$155K	$1.1M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International HYPE-PERP-INTX	+0.0096%	1h	$4.9M	$5.3M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	$25K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$5.6M	$42.5M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	$8.9M	$35.8M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.3M	$12.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$396.7M	$829.4M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$699K	$974K	10x	as long as short
Arcus HYPE-USD	+0.0100%	1h	$1.2M	$4.1M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$211K	$10K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	$44.5M	$55.6M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$97.3M	$86.7M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$43.6M	$20.2M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$228.8M	$101.1M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.3M	$9.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$29.8M	$51.9M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$426K	$968K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$707K	$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	$462K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$578K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$73K	$197K	20x	as long as short
Derive HYPE-PERPlong	+0.0100%	1h	$16.5M	$7.1M	10x
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	$12.7M	$2.4M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.3M	$42.0M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$398K	$340K	20x	as long as short
edgeX HYPEUSDC	+0.0111%	4h	$5.1M	$27.8M	30x	as long as short
Kalshi KXHYPEPERP	+0.0127%	8h	$1.6M	$4.5M	2.3x	as long as short
Paradex HYPE-USD-PERP	+0.0133%	8h	$337K	$289K	20x	as long as short
01 Exchange HYPEUSD	+0.0144%	1h	$89K	$316K	20x	as long as short
Hyperliquid HYPE	+0.0197%	1h	$2.02B	$609.6M	10x	as long as short
Lighter HYPE	+0.0200%	1h	$18.7M	$58.4M	20x	as long as short
Aftermath Perps HYPEUSD	+0.0207%	1h	$22K	$35K	10x	as long as short
Perpl HYPE	+0.0223%	43m	$31K	$339K	10x	as long as short
Reya HYPERUSDPERP	+0.0224%	1h	$73K	$168K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.9M	$12.4M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0347% / S −0.0165%	1h	$1.5M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0349%	1h	$7.3M	$4.6M	50x	as long as short
Phoenix HYPE	+0.0357%	1h	$296K	$1.1M	10x	as long as short
HTX HYPE-USDT	+0.0455%	4h	$1.5M	$6.8M	75x	as long as short
RISEx HYPE/USDC	+0.0500%	1h	$2.6M	$7.4M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0610%	1h	$16.5M	$21.3M	50x	as long as short
Injective HYPE/USDC PERP	+0.1001%	1h	$24K	$320K	12x	as long as short