HYPE

Alert

Funding spread now, next payment 16:00 UTC+0.0055%/8h

next payment, per $10,000+$0.07paid, last 24h+0.001%paid, last 3 days+0.063%to open and closeno order book

Long on gTrade (Gains Network)Short on dYdX

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) HYPE/USD	93.750	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	36m 23s	$33K	—	150x
Short	dYdX HYPE-USD	93.764	0.0057	get 0.0007% / 1h	36m 23s	$128K	$24K	5x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee dYdXbpOrdersRate

Funding earned: $11.49
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$8.51
Break-even: 12.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; dYdX: live order book, 14 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.014%
Avg gap 7d: —

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell dYdX live order book, 14 min ago	24.71 bp	29.7 bp −$30	73.5 bp −$735	168.3 bp −$16.8K	407.8 bp −$203.9K

gTrade (Gains Network): 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	−0.0616%	1h	$209K	$191K	7x	as long as short
Orderly PERP_HYPE_USDC	−0.0156%	4h	$171K	$388K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
BingX HYPE-USDT	−0.0022%	4h	—	$50.4M	—	as long as short
OKX HYPE-USDT-SWAP	−0.0020%	8h	$117.9M	$305.2M	50x	as long as short
Bybit HYPEUSDT	−0.0007%	8h	$326.8M	$280.2M	75x	as long as short
Perpl HYPE	0.0000%	43m	$32K	$351K	10x	as long as short
gTrade (Gains Network) HYPE/USDlong	L +0.0002% / S −0.0001%	1h	$33K	—	150x
dYdX HYPE-USDshort	+0.0057%	1h	$128K	$24K	5x
Gate HYPE_USDT	+0.0078%	4h	$44.5M	$54.3M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter HYPE	+0.0096%	1h	$18.6M	$55.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.0M	$11.4M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$158K	$1.1M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0096%	1h	$4.9M	$5.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	$29K	$1.7M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	$337K	$288K	20x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$5.8M	$42.6M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	$2.04B	$586.9M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	$8.9M	$33.6M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.5M	$12.1M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$397.1M	$802.5M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$702K	$970K	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	$214K	$10K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$96.6M	$84.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$44.3M	$20.0M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$231.5M	$94.9M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.3M	$8.8M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$30.3M	$51.2M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$428K	$953K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$710K	$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	$463K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$579K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$70K	$191K	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
Phemex HYPEUSDT	+0.0100%	8h	$12.7M	$2.3M	50x	as long as short
edgeX HYPEUSDC	+0.0102%	4h	$5.2M	$26.8M	30x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.3M	$39.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$399K	$343K	20x	as long as short
01 Exchange HYPEUSD	+0.0128%	1h	$84K	$312K	20x	as long as short
Kalshi KXHYPEPERP	+0.0151%	8h	$1.8M	$4.3M	2.3x	as long as short
Aftermath Perps HYPEUSD	+0.0158%	1h	$22K	$34K	10x	as long as short
Reya HYPERUSDPERP	+0.0222%	1h	$74K	$168K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0230%	1h	$7.4M	$4.6M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$18.0M	$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
HTX HYPE-USDT	+0.0376%	4h	$1.5M	$6.6M	75x	as long as short
RISEx HYPE/USDC	+0.0500%	1h	$2.5M	$7.3M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0607%	1h	$16.8M	$20.9M	50x	as long as short
Injective HYPE/USDC PERP	+0.1001%	1h	$24K	$319K	12x	as long as short