HYPE

Alert

Funding spread now, next payment 17:00 UTC+0.0180%/8h

next payment, per $10,000+$0.23paid, last 24h+0.056%paid, last 3 days+0.329%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff HYPE-PERP	92.860	−0.0080	get 0.0010% / 1h	30m 05s	$3K	$307	25x
Short	Backpack HYPE_USDC_PERP	93.077	0.0100	get 0.0013% / 1h	30m 05s	$8.4M	$9.9M	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HotstuffbpFee BackpackbpOrdersRate

Funding earned: $37.8
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Backpack: 5 bp × 2 orders: −$10
Net: $22.8
Break-even: 2.8 days

Slippage unknown: Hotstuff: no order-book sample; Backpack: live order book, just now. Net counts fees only.

Price risk

price view

Price gap now: +0.234%
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 Hotstuff no order-book sample	—	—	—	—	—
Sell Backpack live order book, just now	0.05 bp	5.9 bp −$6	9.5 bp −$95	259.5 bp −$25.9K	doesn't fit

Hotstuff: 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
Hotstuff HYPE-PERPlong	−0.0080%	1h	$3K	$307	25x
Orderly PERP_HYPE_USDC	−0.0016%	4h	$170K	$381K	20x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$55K	—	150x	as long as short
BingX HYPE-USDT	+0.0040%	4h	—	$52.3M	—	as long as short
dYdX HYPE-USD	+0.0041%	1h	$127K	$26K	5x	as long as short
OKX HYPE-USDT-SWAP	+0.0075%	8h	$114.3M	$314.4M	50x	as long as short
Phemex HYPEUSDT	+0.0092%	8h	$12.6M	$2.3M	50x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.2M	$12.0M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$134K	$1.1M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	$41K	$1.8M	10x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Nado HYPE-PERP	+0.0100%	1h	$5.5M	$43.0M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	$8.8M	$35.5M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.3M	$12.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$392.0M	$849.8M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$324.6M	$286.3M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$697K	$989K	10x	as long as short
Arcus HYPE-USD	+0.0100%	1h	$1.2M	$4.2M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$210K	$10K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	$44.0M	$54.4M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$90.9M	$87.5M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$44.9M	$19.9M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$227.9M	$101.7M	75x	as long as short
Backpack HYPE_USDC_PERPshort	+0.0100%	1h	$8.4M	$9.9M	20x
Variational Omni HYPE	+0.0100%	8h	$28.8M	$51.1M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$426K	$937K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$667K	$2.2M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	—	$407K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	$459K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$579K	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
edgeX HYPEUSDC	+0.0100%	4h	$5.1M	$28.6M	30x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.2M	$42.0M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$396K	$340K	20x	as long as short
Hyperliquid HYPE	+0.0108%	1h	$2.01B	$624.3M	10x	as long as short
Perpl HYPE	+0.0112%	43m	$31K	$349K	10x	as long as short
Kalshi KXHYPEPERP	+0.0122%	8h	$1.7M	$4.8M	2.3x	as long as short
Paradex HYPE-USD-PERP	+0.0125%	8h	$338K	$288K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	$5.0M	$5.5M	50x	as long as short
01 Exchange HYPEUSD	+0.0160%	1h	$91K	$321K	20x	as long as short
Lighter HYPE	+0.0176%	1h	$18.3M	$57.3M	20x	as long as short
Reya HYPERUSDPERP	+0.0229%	1h	$73K	$166K	15x	as long as short
Aftermath Perps HYPEUSD	+0.0288%	1h	$22K	$34K	10x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0298%	1h	$7.4M	$4.7M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.6M	$12.3M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0352% / S −0.0173%	1h	$1.5M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0356%	1h	$23K	$256K	12x	as long as short
Hibachi HYPE/USDT-P	+0.0368%	1h	$194K	$231K	7x	as long as short
Phoenix HYPE	+0.0386%	1h	$294K	$1.0M	10x	as long as short
Kraken Futures PF_HYPEUSD	+0.0410%	1h	$16.3M	$20.8M	50x	as long as short
RISEx HYPE/USDC	+0.0620%	1h	$2.5M	$7.3M	20x	as long as short
HTX HYPE-USDT	+0.0751%	4h	$1.5M	$7.0M	75x	as long as short
Bluefin HYPE-PERP	+0.5005%	1h	$73K	$189K	20x	as long as short