HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.04 per $10,000 · paid last 24h −0.034%

Price spread now: Orderly against Gate+0.110%7-day average +0.009% · you sell dearer than you buy

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

Long on Gate Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.110%, 7d avg +0.009%

Together, before fees−0.177%−$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.101% dearer against Gate than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HYPE_USDT	94.632	−0.0082	get 0.0041% / 4h	49m 40s	$55.8M	$52.7M	75x
Short	Orderly PERP_HYPE_USDC	94.736	−0.0074	pay 0.0037% / 4h	49m 40s	$147K	$642K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Gate. 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 GatebpFee OrderlybpOrdersPrice spread, now +0.110%Rate

Funding earned: $1.76
Price spread: +0.110% → +0.009%: $10.07
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$9.17
Costs to cover: 0.210%
Break-even: 43.6 days

Slippage unknown: Gate: live order book, 2 min ago; Orderly: 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 Gate live order book, 2 min ago	0.79 bp	10.6 bp −$11	15.6 bp −$156	29.2 bp −$2,916	51.1 bp −$25.6K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 exchanges

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
Kraken Futures PF_HYPEUSD	−0.0282%	1h	94.758	+0.133%	$18.3M	$32.6M	50x	as long as short
Phemex HYPEUSDT	−0.0253%	8h	94.736	+0.110%	$12.9M	$2.2M	50x	as long as short
Bluefin HYPE-PERP	−0.0225%	1h	94.740	+0.114%	$78K	$130K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0221%	1h	94.670	+0.040%	$677K	$1.3M	10x	as long as short
Lighter HYPE	−0.0144%	1h	94.540	−0.097%	$16.5M	$55.3M	20x	as long as short
01 Exchange HYPEUSD	−0.0104%	1h	94.682	+0.053%	$102K	$351K	20x	as long as short
Aster HYPEUSDT	−0.0103%	4h	94.601	−0.033%	$9.0M	$34.6M	300x	as long as short
Gate HYPE_USDTlong	−0.0082%	4h	94.632	long leg	$55.8M	$52.7M	75x
Hotstuff HYPE-PERP	−0.0080%	1h	94.894	+0.277%	$3K	$421	25x	as long as short
Orderly PERP_HYPE_USDCshort	−0.0074%	4h	94.736	+0.110%	$147K	$642K	20x

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International HYPE-PERP-INTX	−0.0064%	1h	94.790	+0.167%	$4.7M	$5.4M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0058%	1h	94.996	+0.384%	$22K	$17K	10x	as long as short
OKX HYPE-USDT-SWAP	−0.0042%	8h	94.600	−0.034%	$118.9M	$302.9M	50x	as long as short
Bitget HYPEUSDT	−0.0028%	4h	94.600	−0.034%	$229.0M	$86.0M	75x	as long as short
Phoenix HYPE	−0.0017%	1h	94.936	+0.321%	$198K	$1.1M	10x	as long as short
ApeX Omni HYPEUSDT	−0.0010%	1h	95.003	+0.392%	$323K	$925K	50x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.572	−0.063%	$127K	$96K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.808	+0.185%	$24K	$249K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	94.890	+0.272%	$99K	—	150x	as long as short
Bullet HYPE-USD	+0.0008%	1h	94.864	+0.245%	$114K	$585K	20x	as long as short
Lighter RH HYPE	+0.0016%	1h	94.573	−0.062%	$3.2M	$9.8M	20x	as long as short
Derive HYPE-PERP	+0.0020%	1h	94.742	+0.117%	$16.3M	$7.0M	10x	as long as short
edgeX HYPEUSDC	+0.0025%	4h	94.997	+0.386%	$5.0M	$27.9M	30x	as long as short
Bybit HYPEUSDT	+0.0027%	8h	94.610	−0.023%	$319.4M	$263.0M	75x	as long as short
MEXC HYPE_USDT	+0.0028%	4h	94.598	−0.036%	$88.6M	$82.5M	100x	as long as short
Binance HYPEUSDT	+0.0029%	4h	94.593	−0.041%	$381.4M	$850.0M	75x	as long as short
BingX HYPE-USDT	+0.0034%	4h	94.593	−0.041%	—	$49.7M	—	as long as short
Popdex HYPEUSDT	+0.0040%	1h	94.685	+0.056%	$273K	$998K	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0045%	1h	94.858	+0.239%	$7.5M	$4.2M	50x	as long as short
Backpack HYPE_USDC_PERP	+0.0055%	1h	94.731	+0.105%	$6.8M	$12.3M	20x	as long as short
SoDEX HYPE-USD	+0.0063%	1h	94.799	+0.176%	$2.1M	$335K	10x	as long as short
KuCoin HYPEUSDTM	+0.0084%	4h	94.538	−0.099%	$47.2M	$17.7M	75x	as long as short
Aevo HYPE-PERP	+0.0088%	1h	94.905	+0.288%	$401K	$125K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0092%	8h	94.598	−0.036%	$338K	$30K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	94.600	−0.034%	$39K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.820	+0.199%	$7.2M	$50.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.661	+0.031%	$2.10B	$642.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.627	−0.005%	$10.2M	$12.8M	20x	as long as short
Arcus HYPE-USD	+0.0100%	1h	94.630	−0.002%	$1.0M	$2.8M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.036	+0.427%	$228K	$20K	10x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.740	+0.114%	$30.0M	$52.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.002	+0.391%	$7.7M	$41.1M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.852	+0.232%	$690K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.875	+0.257%	—	$80K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.848	+0.228%	$497K	$2.4M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.928	+0.313%	$32K	$1.4M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.853	+0.234%	$1.4M	$5.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.573	−0.063%	$18.2M	$37.6M	50x	as long as short
Kalshi KXHYPEPERP	+0.0118%	8h	94.826	+0.205%	$1.8M	$5.1M	2.3x	as long as short
BloFin HYPE-USDT	+0.0135%	4h	94.728	+0.101%	$17.5M	$11.5M	75x	as long as short
RISEx HYPE/USDC	+0.0138%	1h	94.642	+0.011%	$3.1M	$5.2M	20x	as long as short
Reya HYPERUSDPERP	+0.0268%	1h	94.796	+0.173%	$84K	$90K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	94.889	+0.272%	$1.4M	—	100x	as long as short
Hibachi HYPE/USDT-P	+0.1000%	1h	94.840	+0.220%	$214K	$277K	7x	as long as short
Injective HYPE/USDC PERP	+0.1234%	1h	95.420	+0.833%	$31K	$334K	12x	as long as short