HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h +0.029%

Price spread now: Katana Perps against gTrade (Gains Network)−0.035%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Katana Perps is 0.035% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 29 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) HYPE/USD	93.543	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	41m 17s	$83K	—	150x
Short	Katana Perps HYPE-USD	93.510	0.0100	get 0.0100% / 8h	1h 41m	$22K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee Katana PerpsbpOrdersPrice spread, now −0.035%Rate

Funding earned: $20.5
Price spread: −0.035% → 0.000%: −$3.55
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: $3.16
Costs to cover: 0.138%
Break-even: 5.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Katana Perps: no order-book sample. Net counts fees only.

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 Katana Perps no order-book sample	—	—	—	—	—

gTrade (Gains Network) and Katana Perps: 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 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.1080%	1h	93.426	−0.125%	$198K	$241K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0215%	1h	93.657	+0.121%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0125%	1h	93.510	−0.035%	$704K	$1.2M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.505	−0.041%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0071%	1h	93.529	−0.015%	$111K	$580K	20x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	93.539	−0.004%	$86K	$370K	20x	as long as short
Bluefin HYPE-PERP	−0.0030%	1h	93.542	−0.001%	$79K	$155K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0022%	4h	93.470	−0.078%	$145K	$685K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.525	−0.019%	$128K	$28K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	93.613	+0.075%	$1.8M	$5.6M	2.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	93.580	+0.039%	$20K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USDlong	L +0.0002% / S −0.0001%	1h	93.543	long leg	$83K	—	150x
BingX HYPE-USDT	+0.0004%	4h	93.519	−0.026%	—	$53.7M	—	as long as short
Bybit HYPEUSDT	+0.0005%	8h	93.469	−0.079%	$315.5M	$288.6M	75x	as long as short
Derive HYPE-PERP	+0.0013%	1h	93.443	−0.107%	$16.3M	$7.4M	10x	as long as short
Phoenix HYPE	+0.0017%	1h	93.654	+0.118%	$207K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0040%	4h	93.500	−0.046%	$225.4M	$99.6M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0078%	8h	93.575	+0.034%	$334K	$161K	20x	as long as short
edgeX HYPEUSDC	+0.0082%	4h	93.576	+0.035%	$5.0M	$30.6M	30x	as long as short
Arcus HYPE-USD	+0.0084%	1h	93.518	−0.027%	$1.0M	$4.0M	10x	as long as short
Phemex HYPEUSDT	+0.0084%	8h	93.550	+0.007%	$12.8M	$2.8M	50x	as long as short
Popdex HYPEUSDT	+0.0088%	1h	93.512	−0.033%	$78K	$1.2M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.529	−0.015%	$16.1M	$63.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.532	−0.012%	$3.1M	$11.1M	20x	as long as short
Katana Perps HYPE-USDshort	+0.0100%	8h	93.510	−0.035%	$22K	$1.7M	10x
Nado HYPE-PERP	+0.0100%	1h	93.499	−0.047%	$7.4M	$51.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.631	+0.094%	$2.05B	$683.3M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.541	−0.002%	$8.8M	$37.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.587	+0.047%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.535	−0.008%	$374.9M	$931.2M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.481	−0.066%	$115.5M	$315.5M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.524	−0.021%	$48.4M	$55.1M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.541	−0.002%	$89.7M	$83.7M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.548	+0.005%	$46.3M	$18.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.527	−0.017%	$7.2M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.579	+0.038%	$28.6M	$56.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.547	+0.004%	$7.5M	$48.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.589	+0.049%	$347K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.548	+0.005%	$678K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.592	+0.052%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.546	+0.003%	$470K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.565	+0.023%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.522	−0.023%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.659	+0.124%	$1.4M	$6.7M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.507	−0.039%	$216K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.473	−0.075%	$18.2M	$43.4M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.523	−0.021%	$395K	$159K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	93.590	+0.050%	$4.7M	$6.1M	50x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	93.510	−0.035%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	93.518	−0.027%	$77K	$130K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.560	+0.018%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.512	−0.033%	$17.0M	$12.2M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0359%	1h	93.613	+0.075%	$7.4M	$4.2M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0415%	1h	93.606	+0.067%	$20.9M	$29.6M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	93.576	+0.035%	$3.2M	$6.4M	20x	as long as short