HYPE

Alert

Funding spread now, next payment 19:00 UTC+0.0619%/8h

next payment, per $10,000+$0.77paid, last 24h+0.070%paid, last 7 days+0.190%to open and close $10k−$270

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.190% in total (about 9.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.77 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX HYPE-USD	92.939	0.0031	pay 0.0004% / 1h	36m 52s	$126K	$28K	5x
Short	Hyperliquid HYPE	93.066	0.0650	get 0.0081% / 1h	36m 52s	$2.01B	$666.0M	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee HyperliquidbpOrdersRate

Funding earned: $130.06
Slippage, 4 orders: −$251.46
Fee dYdX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$140.4
Break-even: 14.6 days

Slippage from dYdX: live order book, 63 min ago; Hyperliquid: live order book, 9 min ago.

Price risk

price view

Price gap now: +0.136%
Avg gap 7d: +0.046%

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 dYdX live order book, 63 min ago	82.72 bp	87.7 bp −$88	87.7 bp −$877	128.1 bp −$12.8K	164.7 bp −$82.4K
Sell Hyperliquid live order book, 9 min ago	0.05 bp	4.6 bp −$5	5.0 bp −$50	doesn't fit	doesn't fit

HYPE on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.0816%	1h	$194K	$237K	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
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	$78K	—	150x	as long as short
dYdX HYPE-USDlong	+0.0031%	1h	$126K	$28K	5x
Kraken Futures PF_HYPEUSD	+0.0085%	1h	$16.1M	$21.0M	50x	as long as short
Lighter HYPE	+0.0096%	1h	$18.5M	$57.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.2M	$12.5M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$54K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	$13K	$1.9M	10x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Nado HYPE-PERP	+0.0100%	1h	$6.4M	$43.8M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	$8.9M	$36.1M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$10.1M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$387.4M	$870.5M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$326.4M	$291.5M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	$114.4M	$320.1M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$698K	$1.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$205K	$10K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	$43.8M	$56.5M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$90.2M	$82.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$46.4M	$20.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$226.0M	$104.2M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.4M	$11.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$28.6M	$50.0M	—	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	$461K	$2.5M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$568K	20x	as long as short
Orderly PERP_HYPE_USDC	+0.0100%	4h	$186K	$495K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$75K	$179K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	$16.3M	$7.1M	10x	as long as short
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	$12.6M	$2.4M	50x	as long as short
edgeX HYPEUSDC	+0.0102%	4h	$5.1M	$28.8M	30x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.0M	$41.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$396K	$330K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0109%	8h	$340K	$288K	20x	as long as short
Kalshi KXHYPEPERP	+0.0109%	8h	$2.0M	$5.5M	2.3x	as long as short
01 Exchange HYPEUSD	+0.0112%	1h	$89K	$323K	20x	as long as short
Aftermath Perps HYPEUSD	+0.0149%	1h	$22K	$30K	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0200%	1h	$5.0M	$5.6M	50x	as long as short
Reya HYPERUSDPERP	+0.0239%	1h	$76K	$157K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0287%	1h	$7.3M	$4.7M	50x	as long as short
Phoenix HYPE	+0.0338%	1h	$220K	$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
Perpl HYPE	+0.0447%	43m	$27K	$383K	10x	as long as short
RISEx HYPE/USDC	+0.0569%	1h	$2.6M	$6.5M	20x	as long as short
HTX HYPE-USDT	+0.0619%	4h	$1.5M	$7.4M	75x	as long as short
Hyperliquid HYPEshort	+0.0650%	1h	$2.01B	$666.0M	10x
Injective HYPE/USDC PERP	+0.1593%	1h	$30K	$177K	12x	as long as short