HYPE

Alert

Funding spread now, next payment 17:00 UTC+0.0026%/8h

paid, last 24h−0.012%paid, last 7 days−0.172%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive HYPE-PERP	93.025	0.0100	pay 0.0013% / 1h	43m 03s	$16.4M	$7.2M	10x
Short	Kalshi KXHYPEPERP	93.249	0.0126	get 0.0126% / 8h	3h 43m	$1.7M	$4.8M	2.3x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DerivebpFee KalshibpOrdersRate

Funding earned: $5.42
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$10.58
Break-even: 20.7 days

Slippage unknown: Derive: no order-book sample; Kalshi: live order book, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.240%
Avg gap 7d: +0.055%

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 Kalshi live order book, 2 min ago	2.74 bp	7.9 bp −$8	11.4 bp −$114	19.5 bp −$1,950	doesn't fit

Derive: 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
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0045%	4h	$170K	$380K	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	+0.0031%	1h	$127K	$26K	5x	as long as short
BingX HYPE-USDT	+0.0040%	4h	—	$52.2M	—	as long as short
OKX HYPE-USDT-SWAP	+0.0062%	8h	$115.5M	$313.9M	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	$156K	$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	$5.6M	$42.8M	10x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
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	$394.5M	$839.0M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$326.0M	$284.8M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$697K	$975K	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	$53.5M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$97.3M	$85.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$45.0M	$19.8M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$228.5M	$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	$29.4M	$51.0M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$427K	$959K	50x	as long as short
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	$457K	$2.3M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$578K	20x	as long as short
Derive HYPE-PERPlong	+0.0100%	1h	$16.4M	$7.2M	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	$12.6M	$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	$397K	$340K	20x	as long as short
edgeX HYPEUSDC	+0.0112%	4h	$5.1M	$28.5M	30x	as long as short
Hyperliquid HYPE	+0.0112%	1h	$2.01B	$615.8M	10x	as long as short
Kalshi KXHYPEPERPshort	+0.0126%	8h	$1.7M	$4.8M	2.3x
Paradex HYPE-USD-PERP	+0.0130%	8h	$338K	$287K	20x	as long as short
01 Exchange HYPEUSD	+0.0152%	1h	$91K	$323K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	$5.0M	$5.5M	50x	as long as short
Perpl HYPE	+0.0223%	43m	$31K	$349K	10x	as long as short
Reya HYPERUSDPERP	+0.0228%	1h	$73K	$166K	15x	as long as short
Lighter HYPE	+0.0240%	1h	$18.4M	$56.5M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0265%	1h	$7.4M	$4.7M	50x	as long as short
Aftermath Perps HYPEUSD	+0.0311%	1h	$22K	$35K	10x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.6M	$12.4M	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
Phoenix HYPE	+0.0386%	1h	$295K	$1.0M	10x	as long as short
Kraken Futures PF_HYPEUSD	+0.0409%	1h	$16.4M	$20.7M	50x	as long as short
RISEx HYPE/USDC	+0.0620%	1h	$2.5M	$7.3M	20x	as long as short
Hibachi HYPE/USDT-P	+0.0704%	1h	$195K	$229K	7x	as long as short
HTX HYPE-USDT	+0.0724%	4h	$1.5M	$7.0M	75x	as long as short
Bluefin HYPE-PERP	+0.5195%	1h	$74K	$191K	20x	as long as short