HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0164%/8h= +18.0% APRnext payment +$0.21 per $10,000 · paid last 24h +0.099%

Price spread now: RISEx against gTrade (Gains Network)−0.339%347s7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2782.776% of the position

Long on gTrade (Gains Network)Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.249%+$25 on $10k

Price spread, last 4 days (all we have)+0.209%+$21 · spread now −0.339%, 7d avg +0.013%

Together, before fees+0.458%+$46 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.352% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.339% now, against its 7-day average of +0.013%). If the spread goes back, that is −$35 on $10k: about 7.1 days of funding at the current rate (+$5 a day). The two prices were read 347 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) HYPE/USD	95.100	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	54m 21s	$86K	—	150x
Short	RISEx HYPE/USDC	94.777	0.0166	get 0.0021% / 1h	54m 21s	$3.2M	$6.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.339%Rate

Funding earned: $34.54
Price spread: −0.339% → +0.013%: −$35.24
Slippage, 4 orders: −$261.58
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$278.27
Costs to cover: 2.776%
Break-even: 63.4 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 70 min ago; RISEx: live order book, 5 min ago.

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) virtual book (oracle venue), 70 min ago	130.00 bp	135.0 bp −$135	135.0 bp −$1,350	731.2 bp −$73.1K	7341.5 bp −$3.67M
Sell RISEx live order book, 5 min ago	0.05 bp	3.1 bp −$3	5.9 bp −$59	doesn't fit	doesn't fit

HYPE on 54 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	−0.1128%	1h	94.755	−0.363%	$211K	$265K	7x	as long as short
Bluefin HYPE-PERP	−0.1089%	1h	94.690	−0.431%	$78K	$147K	20x	as long as short
Bullet HYPE-USD	−0.0542%	1h	94.729	−0.390%	$112K	$580K	20x	as long as short
Kraken Futures PF_HYPEUSD	−0.0377%	1h	94.828	−0.286%	$18.8M	$35.8M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0365%	1h	94.650	−0.473%	$694K	$1.3M	10x	as long as short
01 Exchange HYPEUSD	−0.0248%	1h	94.739	−0.380%	$90K	$353K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0179%	1h	95.047	−0.055%	$22K	$19K	10x	as long as short
Polymarket Perps HYPE-USD	−0.0177%	1h	94.766	−0.351%	$498K	$2.6M	20x	as long as short
Arcus HYPE-USD	−0.0159%	1h	94.711	−0.409%	$1.0M	$3.0M	10x	as long as short
Phemex HYPEUSDT	−0.0115%	8h	94.853	−0.260%	$12.9M	$2.8M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate HYPE_USDT	−0.0096%	4h	94.729	−0.390%	$53.3M	$54.0M	75x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.768	−0.349%	$3K	$331	25x	as long as short
Vest HYPE-PERP	−0.0063%	1h	94.832	−0.282%	—	$88K	5x	as long as short
SoDEX HYPE-USD	−0.0031%	1h	94.815	−0.300%	$2.1M	$1.3M	10x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0024%	1h	94.850	−0.263%	$4.7M	$5.7M	50x	as long as short
Bybit HYPEUSDT	−0.0010%	8h	94.730	−0.389%	$318.9M	$280.3M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0010%	4h	94.705	−0.415%	$147K	$662K	20x	as long as short
BingX HYPE-USDT	−0.0008%	4h	94.731	−0.388%	—	$50.5M	—	as long as short
dYdX HYPE-USD	0.0000%	1h	94.734	−0.385%	$130K	$93K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.919	−0.190%	$1.8M	$5.2M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.870	−0.242%	$19K	$271K	10x	as long as short
gTrade (Gains Network) HYPE/USDlong	L +0.0002% / S −0.0001%	1h	95.100	long leg	$86K	—	150x
Phoenix HYPE	+0.0008%	1h	95.043	−0.060%	$203K	$1.0M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0023%	8h	94.724	−0.395%	$118.3M	$317.8M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0034%	8h	94.774	−0.343%	$339K	$38K	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0035%	1h	94.919	−0.190%	$7.5M	$4.3M	50x	as long as short
Bitget HYPEUSDT	+0.0050%	4h	94.723	−0.396%	$227.8M	$92.9M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0052%	1h	94.727	−0.392%	$7.3M	$10.3M	20x	as long as short
Aster HYPEUSDT	+0.0057%	4h	94.734	−0.385%	$9.0M	$36.2M	300x	as long as short
Lighter RH HYPE	+0.0072%	1h	94.726	−0.393%	$3.2M	$9.9M	20x	as long as short
Lighter HYPE	+0.0080%	1h	94.708	−0.412%	$16.2M	$60.4M	20x	as long as short
edgeX HYPEUSDC	+0.0085%	4h	94.942	−0.167%	$5.0M	$30.9M	30x	as long as short
Bulk HYPE-USD	+0.0094%	1h	94.986	−0.119%	$221K	$14K	10x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.755	−0.363%	$267K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.760	−0.358%	$41K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.703	−0.417%	$7.2M	$55.2M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.907	−0.202%	$2.10B	$673.1M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.765	−0.352%	$10.2M	$14.0M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.721	−0.399%	$380.7M	$904.3M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.726	−0.393%	$87.4M	$85.7M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.755	−0.363%	$47.3M	$18.2M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.956	−0.151%	$29.9M	$55.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.006	−0.099%	$7.7M	$43.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.921	−0.188%	$348K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	95.007	−0.098%	$691K	$2.7M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.762	−0.355%	$32K	$1.5M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.981	−0.125%	$1.4M	$6.7M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.708	−0.412%	$18.3M	$41.7M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	95.020	−0.084%	$402K	$136K	20x	as long as short
RISEx HYPE/USDCshort	+0.0166%	1h	94.777	−0.339%	$3.2M	$6.2M	20x
Reya HYPERUSDPERP	+0.0271%	1h	94.695	−0.426%	$86K	$93K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0155%	1h	94.919	−0.190%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.754	−0.364%	$17.2M	$12.2M	75x	as long as short
Injective HYPE/USDC PERP	+0.0850%	1h	95.480	+0.400%	$31K	$335K	12x	as long as short