HYPE

Alert

Funding spread now, next payment 18:00 UTC+0.0091%/8h

paid, last 24h+0.027%paid, last 3 days+0.024%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX HYPE-USD	92.696	0.0009	pay 0.0001% / 1h	21m 15s	$126K	$26K	5x
Short	Variational Omni HYPE	92.890	0.0100	get 0.0100% / 8h	6h 21m	$28.9M	$49.7M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee dYdXbpFee Variational OmnibpOrdersRate

Funding earned: $19.03
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $9.03
Break-even: 3.7 days

Slippage unknown: dYdX: live order book, 19 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.209%
Avg gap 7d: −0.024%

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, 19 min ago	82.72 bp	87.7 bp −$88	87.7 bp −$877	128.1 bp −$12.8K	164.7 bp −$82.4K
Sell Variational Omni RFQ quote, 4 min ago	0.41 bp	doesn't fit	2.3 bp −$23	16.6 bp −$1,659	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	−0.1072%	1h	$194K	$226K	7x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	$1.7M	$4.9M	2.3x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$54K	—	150x	as long as short
dYdX HYPE-USDlong	+0.0009%	1h	$126K	$26K	5x
BingX HYPE-USDT	+0.0036%	4h	—	$52.2M	—	as long as short
Injective HYPE/USDC PERP	+0.0082%	1h	$21K	$168K	12x	as long as short
Orderly PERP_HYPE_USDC	+0.0094%	4h	$194K	$457K	20x	as long as short
Lighter HYPE	+0.0096%	1h	$18.3M	$57.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.1M	$12.1M	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
01 Exchange HYPEUSD	+0.0096%	1h	$90K	$315K	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$68K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	$33K	$1.8M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$6.4M	$43.4M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	$8.8M	$35.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.3M	$12.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$388.7M	$843.9M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$325.9M	$282.0M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	$114.6M	$308.9M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$697K	$970K	10x	as long as short
Arcus HYPE-USD	+0.0100%	1h	$1.2M	$4.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$202K	$8K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	$43.8M	$54.4M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$91.1M	$82.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$46.0M	$19.7M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$226.7M	$99.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.5M	$10.7M	20x	as long as short
Variational Omni HYPEshort	+0.0100%	8h	$28.9M	$49.7M	—
ApeX Omni HYPEUSDT	+0.0100%	1h	$428K	$927K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$668K	$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	$481K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$113K	$567K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$73K	$179K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	$16.3M	$7.2M	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	$12.5M	$2.3M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.2M	$40.7M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$394K	$335K	20x	as long as short
edgeX HYPEUSDC	+0.0108%	4h	$5.1M	$28.3M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0111%	8h	$335K	$285K	20x	as long as short
Perpl HYPE	+0.0112%	43m	$28K	$350K	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0200%	1h	$4.9M	$5.3M	50x	as long as short
Reya HYPERUSDPERP	+0.0237%	1h	$77K	$153K	15x	as long as short
Kraken Futures PF_HYPEUSD	+0.0258%	1h	$16.2M	$20.6M	50x	as long as short
Aftermath Perps HYPEUSD	+0.0278%	1h	$22K	$31K	10x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0322%	1h	$7.4M	$4.2M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.4M	$11.7M	75x	as long as short
Phoenix HYPE	+0.0351%	1h	$292K	$984K	10x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0355% / S −0.0180%	1h	$1.5M	—	100x	as long as short
RISEx HYPE/USDC	+0.0611%	1h	$2.5M	$6.5M	20x	as long as short
HTX HYPE-USDT	+0.0823%	4h	$1.5M	$7.2M	75x	as long as short
Hyperliquid HYPE	+0.0953%	1h	$2.01B	$621.0M	10x	as long as short