HYPE

Alert

Funding spread now, next payment 15:00 UTC+0.0115%/8h

next payment, per $10,000+$0.14paid, last 24h+0.015%paid, last 3 days−0.122%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive HYPE-PERP	94.159	0.0100	pay 0.0013% / 1h	32m 02s	$16.7M	$6.9M	10x
Short	Reya HYPERUSDPERP	94.195	0.0215	get 0.0027% / 1h	32m 02s	$74K	$211K	15x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DerivebpFee ReyabpOrdersRate

Funding earned: $24.17
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Reya: 3 bp × 2 orders: −$6
Net: $12.17
Break-even: 3.5 days

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

Price risk

price view

Price gap now: +0.038%
Avg gap 7d: +0.003%

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 Reya no order-book sample	—	—	—	—	—

Derive and Reya: 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
Kraken Futures PF_HYPEUSD	−0.0293%	1h	$16.9M	$20.3M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0287%	4h	$169K	$398K	20x	as long as short
Hibachi HYPE/USDT-P	−0.0168%	1h	$201K	$176K	7x	as long as short
BingX HYPE-USDT	−0.0100%	4h	—	$48.5M	—	as long as short
OKX HYPE-USDT-SWAP	−0.0092%	8h	$119.7M	$290.7M	50x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
Gate HYPE_USDT	−0.0042%	4h	$44.4M	$54.5M	75x	as long as short
Aster HYPEUSDT	−0.0018%	4h	$8.7M	$32.1M	300x	as long as short
Arcus HYPE-USD	−0.0018%	1h	$1.2M	$4.2M	10x	as long as short
Perpl HYPE	0.0000%	43m	$34K	$336K	10x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$33K	—	150x	as long as short
dYdX HYPE-USD	+0.0002%	1h	$128K	$23K	5x	as long as short
Phemex HYPEUSDT	+0.0007%	8h	$12.7M	$2.2M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0015%	1h	$7.3M	$4.4M	50x	as long as short
Aftermath Perps HYPEUSD	+0.0030%	1h	$22K	$35K	10x	as long as short
Bybit HYPEUSDT	+0.0031%	8h	$327.4M	$275.3M	75x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0032%	1h	$5.0M	$5.2M	50x	as long as short
edgeX HYPEUSDC	+0.0067%	4h	$5.2M	$25.4M	30x	as long as short
MEXC HYPE_USDT	+0.0070%	4h	$93.1M	$81.1M	100x	as long as short
Binance HYPEUSDT	+0.0071%	4h	$395.0M	$760.7M	75x	as long as short
KuCoin HYPEUSDTM	+0.0074%	4h	$44.8M	$19.5M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	$339K	$287K	20x	as long as short
Lighter HYPE	+0.0096%	1h	$18.8M	$51.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.1M	$11.0M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$85K	$1.0M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	$401K	$342K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	$30K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$5.6M	$42.2M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	$2.06B	$542.6M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.4M	$11.8M	20x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$706K	$901K	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$214K	$10K	10x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$231.7M	$89.6M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.1M	$8.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$30.4M	$49.7M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$415K	$938K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$721K	$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	$491K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$113K	$579K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$70K	$194K	20x	as long as short
Derive HYPE-PERPlong	+0.0100%	1h	$16.7M	$6.9M	10x
SunX HYPE-USDT	+0.0100%	4h	$28K	$1.5M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	$2.0M	$1.9M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.6M	$37.6M	50x	as long as short
RISEx HYPE/USDC	+0.0120%	1h	$2.5M	$7.2M	20x	as long as short
01 Exchange HYPEUSD	+0.0136%	1h	$84K	$286K	20x	as long as short
Kalshi KXHYPEPERP	+0.0151%	8h	$1.7M	$4.0M	2.3x	as long as short
Phoenix HYPE	+0.0152%	1h	$295K	$1.0M	10x	as long as short
HTX HYPE-USDT	+0.0213%	4h	$1.5M	$6.4M	75x	as long as short
Reya HYPERUSDPERPshort	+0.0215%	1h	$74K	$211K	15x
BloFin HYPE-USDT	+0.0285%	4h	$17.7M	$11.6M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0345% / S −0.0159%	1h	$1.5M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0375%	1h	$24K	$259K	12x	as long as short