HYPE

Alert

Funding spread now, next payment 19:00 UTC0.0000%/8h

paid, last 24h+0.016%paid, last 3 days−0.099%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive HYPE-PERP	92.726	0.0100	pay 0.0013% / 1h	25m 02s	$16.3M	$7.1M	10x
Short	Katana Perps HYPE-USD	92.760	0.0100	get 0.0100% / 8h	5h 25m	$20K	$1.9M	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DerivebpFee Katana PerpsbpOrdersRate

Funding earned: −$0.04
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$9.84
Break-even: never at this rate

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

Price risk

price view

Price gap now: +0.037%
Avg gap 7d: +0.009%

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 Katana Perps no order-book sample	—	—	—	—	—

Derive and Katana Perps: 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
Hibachi HYPE/USDT-P	−0.0840%	1h	$194K	$238K	7x	as long as short
Arcus HYPE-USD	−0.0121%	1h	$1.2M	$4.1M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
Perpl HYPE	0.0000%	43m	$26K	$391K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0005%	1h	$43K	—	150x	as long as short
dYdX HYPE-USD	+0.0020%	1h	$126K	$28K	5x	as long as short
Aster HYPEUSDT	+0.0078%	4h	$8.9M	$36.4M	300x	as long as short
Kraken Futures PF_HYPEUSD	+0.0086%	1h	$16.1M	$21.1M	50x	as long as short
Lighter HYPE	+0.0096%	1h	$18.6M	$58.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.1M	$12.6M	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Popdex HYPEUSDT	+0.0096%	1h	$54K	$1.2M	50x	as long as short
Katana Perps HYPE-USDshort	+0.0100%	8h	$20K	$1.9M	10x
Nado HYPE-PERP	+0.0100%	1h	$6.4M	$43.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	$10.1M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$386.6M	$871.8M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$324.8M	$291.4M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	$113.9M	$318.8M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$697K	$1.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$203K	$12K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	$43.7M	$56.9M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$90.4M	$83.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$46.1M	$20.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$225.2M	$104.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$7.9M	$11.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$28.5M	$49.8M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$427K	$949K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$672K	$2.3M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	—	$407K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	$463K	$2.6M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$567K	20x	as long as short
Orderly PERP_HYPE_USDC	+0.0100%	4h	$189K	$505K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$75K	$180K	20x	as long as short
Derive HYPE-PERPlong	+0.0100%	1h	$16.3M	$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	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	$12.5M	$2.4M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.0M	$41.0M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$395K	$330K	20x	as long as short
Kalshi KXHYPEPERP	+0.0107%	8h	$1.9M	$5.5M	2.3x	as long as short
Paradex HYPE-USD-PERP	+0.0108%	8h	$339K	$288K	20x	as long as short
01 Exchange HYPEUSD	+0.0112%	1h	$90K	$323K	20x	as long as short
edgeX HYPEUSDC	+0.0116%	4h	$5.1M	$28.8M	30x	as long as short
Aftermath Perps HYPEUSD	+0.0136%	1h	$22K	$29K	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0200%	1h	$4.9M	$5.6M	50x	as long as short
Reya HYPERUSDPERP	+0.0239%	1h	$76K	$157K	15x	as long as short
Phoenix HYPE	+0.0338%	1h	$222K	$977K	10x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0164%	1h	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.4M	$12.2M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0451%	1h	$7.3M	$4.7M	50x	as long as short
RISEx HYPE/USDC	+0.0569%	1h	$2.6M	$6.5M	20x	as long as short
HTX HYPE-USDT	+0.0574%	4h	$1.5M	$7.4M	75x	as long as short
Hyperliquid HYPE	+0.0613%	1h	$2.00B	$669.5M	10x	as long as short
Injective HYPE/USDC PERP	+0.1593%	1h	$30K	$177K	12x	as long as short