HYPE

Alert

Funding spread now, next payment 16:00 UTC+0.0012%/8h

paid, last 24h+0.029%paid, last 7 days+0.144%to open and close $10k−$100

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX HYPE-USD	94.272	0.0078	pay 0.0010% / 1h	51m 02s	$128K	$23K	5x
Short	Phemex HYPEUSDT	94.418	0.0090	get 0.0090% / 8h	51m 02s	$12.8M	$2.2M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee PhemexbpOrdersRate

Funding earned: $2.62
Slippage, 4 orders: −$77.56
Fee dYdX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$96.94
Break-even: 265.7 days

Slippage from dYdX: live order book, 64 min ago; Phemex: live order book, 4 min ago.

Price risk

price view

Price gap now: +0.155%
Avg gap 7d: +0.010%

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, 64 min ago	25.47 bp	30.5 bp −$30	42.8 bp −$428	113.6 bp −$11.4K	299.0 bp −$149.5K
Sell Phemex live order book, 4 min ago	5.85 bp	19.3 bp −$19	37.1 bp −$371	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	−0.0712%	1h	$202K	$177K	7x	as long as short
Orderly PERP_HYPE_USDC	−0.0189%	4h	$172K	$406K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
BingX HYPE-USDT	−0.0042%	4h	—	$49.7M	—	as long as short
OKX HYPE-USDT-SWAP	−0.0037%	8h	$118.3M	$303.2M	50x	as long as short
Bybit HYPEUSDT	0.0000%	8h	$328.5M	$277.5M	75x	as long as short
Perpl HYPE	0.0000%	43m	$33K	$351K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$33K	—	150x	as long as short
01 Exchange HYPEUSD	+0.0056%	1h	$84K	$300K	20x	as long as short
Gate HYPE_USDT	+0.0070%	4h	$44.5M	$53.4M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX HYPE-USDlong	+0.0078%	1h	$128K	$23K	5x
Phemex HYPEUSDTshort	+0.0090%	8h	$12.8M	$2.2M	50x
Aftermath Perps HYPEUSD	+0.0095%	1h	$22K	$35K	10x	as long as short
Lighter HYPE	+0.0096%	1h	$18.9M	$53.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.1M	$11.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$161K	$1.1M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0096%	1h	$5.0M	$5.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	$339K	$288K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	$11K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$5.7M	$42.6M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	$2.06B	$563.1M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	$8.9M	$32.8M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.4M	$12.0M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$399.4M	$784.7M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$705K	$900K	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	$213K	$10K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$94.7M	$81.6M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$44.8M	$19.6M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$234.2M	$92.9M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.3M	$8.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$30.4M	$51.2M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$429K	$951K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$715K	$2.0M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	—	$407K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	$466K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$113K	$581K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$70K	$190K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	$16.7M	$7.1M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	$32K	$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	$18.5M	$38.9M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$401K	$347K	20x	as long as short
edgeX HYPEUSDC	+0.0114%	4h	$5.1M	$26.3M	30x	as long as short
Kalshi KXHYPEPERP	+0.0161%	8h	$1.7M	$4.1M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0220%	1h	$74K	$168K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0333%	1h	$7.4M	$4.6M	50x	as long as short
HTX HYPE-USDT	+0.0334%	4h	$1.5M	$6.5M	75x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$18.1M	$12.0M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0344% / S −0.0160%	1h	$1.5M	—	100x	as long as short
Phoenix HYPE	+0.0357%	1h	$294K	$1.1M	10x	as long as short
RISEx HYPE/USDC	+0.0500%	1h	$2.6M	$7.2M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0604%	1h	$16.9M	$20.6M	50x	as long as short
Injective HYPE/USDC PERP	+0.1001%	1h	$24K	$319K	12x	as long as short