HYPE

Alert

Funding spread now, next payment 18:00 UTC+0.1265%/8h

next payment, per $10,000+$1.58paid, last 24h+0.210%paid, last 3 days+1.528%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi HYPE/USDT-P	93.015	−0.1080	get 0.0135% / 1h	44m 12s	$195K	$226K	7x
Short	GMX HYPE/USD [WBTC.b-USDC]	93.008	L +0.0363% / S −0.0185%	get 0.0023% / 1h	44m 12s	$1.5M	—	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HibachibpFee GMXbpOrdersRate

Funding earned: $265.69
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $244.69
Break-even: 0.6 days

Slippage unknown: Hibachi: live order book, 56 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.007%
Avg gap 7d: +0.098%

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 Hibachi live order book, 56 min ago	19.00 bp	32.2 bp −$32	55.0 bp −$550	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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-Plong	−0.1080%	1h	$195K	$226K	7x
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$55K	—	150x	as long as short
dYdX HYPE-USD	+0.0016%	1h	$127K	$26K	5x	as long as short
BingX HYPE-USDT	+0.0040%	4h	—	$51.9M	—	as long as short
Orderly PERP_HYPE_USDC	+0.0066%	4h	$170K	$354K	20x	as long as short
Injective HYPE/USDC PERP	+0.0082%	1h	$23K	$167K	12x	as long as short
Lighter HYPE	+0.0096%	1h	$18.4M	$56.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.1M	$12.0M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$137K	$1.2M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Katana Perps HYPE-USD	+0.0100%	8h	$38K	$1.8M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$6.4M	$43.3M	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	$12.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$390.4M	$842.9M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$326.0M	$280.0M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	$114.2M	$310.3M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$698K	$973K	10x	as long as short
Arcus HYPE-USD	+0.0100%	1h	$1.2M	$3.9M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$203K	$8K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	$44.0M	$53.5M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$91.9M	$81.6M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$45.7M	$19.7M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$227.6M	$100.6M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.5M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$28.9M	$50.0M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$428K	$927K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$670K	$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	$460K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$565K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	$16.4M	$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	$12.6M	$2.4M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.3M	$41.4M	50x	as long as short
01 Exchange HYPEUSD	+0.0104%	1h	$91K	$314K	20x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$396K	$335K	20x	as long as short
Kalshi KXHYPEPERP	+0.0106%	8h	$1.7M	$4.9M	2.3x	as long as short
edgeX HYPEUSDC	+0.0109%	4h	$5.1M	$28.8M	30x	as long as short
Perpl HYPE	+0.0112%	43m	$30K	$341K	10x	as long as short
Paradex HYPE-USD-PERP	+0.0112%	8h	$336K	$287K	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0115%	1h	$7.4M	$4.3M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0200%	1h	$4.9M	$5.3M	50x	as long as short
Reya HYPERUSDPERP	+0.0234%	1h	$73K	$149K	15x	as long as short
Kraken Futures PF_HYPEUSD	+0.0257%	1h	$16.2M	$20.7M	50x	as long as short
Aftermath Perps HYPEUSD	+0.0335%	1h	$22K	$33K	10x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.5M	$11.7M	75x	as long as short
Phoenix HYPE	+0.0351%	1h	$296K	$984K	10x	as long as short
GMX HYPE/USD [WBTC.b-USDC]short	L +0.0363% / S −0.0185%	1h	$1.5M	—	100x
RISEx HYPE/USDC	+0.0611%	1h	$2.5M	$6.8M	20x	as long as short
Bluefin HYPE-PERP	+0.0829%	1h	$73K	$182K	20x	as long as short
HTX HYPE-USDT	+0.0893%	4h	$1.5M	$7.1M	75x	as long as short
Hyperliquid HYPE	+0.0981%	1h	$2.02B	$617.8M	10x	as long as short