HYPE

Alert

Funding spread now, next payment 19:00 UTC+0.0661%/8h

next payment, per $10,000+$0.83paid, last 24h+0.097%paid, last 3 days+0.332%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff HYPE-PERP	92.816	−0.0080	get 0.0010% / 1h	17m 04s	$3K	$307	25x
Short	Hyperliquid HYPE	92.847	0.0581	get 0.0073% / 1h	17m 04s	$2.00B	$668.9M	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HotstuffbpFee HyperliquidbpOrdersRate

Funding earned: $138.76
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $124.76
Break-even: 0.7 days

Slippage unknown: Hotstuff: no order-book sample; Hyperliquid: live order book, 9 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.033%
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 Hyperliquid live order book, 9 min ago	0.05 bp	4.6 bp −$5	5.8 bp −$58	doesn't fit	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
Hibachi HYPE/USDT-P	−0.0856%	1h	$194K	$238K	7x	as long as short
Arcus HYPE-USD	−0.0121%	1h	$1.2M	$4.1M	10x	as long as short
Hotstuff HYPE-PERPlong	−0.0080%	1h	$3K	$307	25x
Perpl HYPE	0.0000%	43m	$26K	$394K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0005%	1h	$43K	—	150x	as long as short
dYdX HYPE-USD	+0.0016%	1h	$126K	$28K	5x	as long as short
BingX HYPE-USDT	+0.0040%	4h	—	$55.4M	—	as long as short
Aster HYPEUSDT	+0.0065%	4h	$9.0M	$36.4M	300x	as long as short
Kraken Futures PF_HYPEUSD	+0.0085%	1h	$16.1M	$21.1M	50x	as long as short
Lighter HYPE	+0.0096%	1h	$18.6M	$58.8M	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter RH HYPE	+0.0096%	1h	$3.1M	$12.6M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$54K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	$20K	$1.9M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$6.4M	$43.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	$10.0M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$387.2M	$872.2M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$325.1M	$291.6M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	$113.9M	$319.0M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$696K	$1.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$203K	$12K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	$43.7M	$57.0M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$90.8M	$83.4M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$46.1M	$20.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$225.3M	$104.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$7.9M	$11.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$28.5M	$49.8M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$427K	$916K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$672K	$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	$464K	$2.6M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$568K	20x	as long as short
Orderly PERP_HYPE_USDC	+0.0100%	4h	$189K	$505K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$75K	$178K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	$16.3M	$7.1M	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	$12.5M	$2.4M	50x	as long as short
edgeX HYPEUSDC	+0.0104%	4h	$5.1M	$28.9M	30x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.1M	$41.0M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$395K	$327K	20x	as long as short
Kalshi KXHYPEPERP	+0.0105%	8h	$1.9M	$5.5M	2.3x	as long as short
Paradex HYPE-USD-PERP	+0.0107%	8h	$339K	$288K	20x	as long as short
Aftermath Perps HYPEUSD	+0.0112%	1h	$22K	$29K	10x	as long as short
01 Exchange HYPEUSD	+0.0112%	1h	$90K	$323K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0200%	1h	$4.9M	$5.6M	50x	as long as short
Reya HYPERUSDPERP	+0.0239%	1h	$76K	$157K	15x	as long as short
Phoenix HYPE	+0.0338%	1h	$222K	$977K	10x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0164%	1h	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.4M	$12.2M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0450%	1h	$7.3M	$4.7M	50x	as long as short
HTX HYPE-USDT	+0.0546%	4h	$1.5M	$7.4M	75x	as long as short
RISEx HYPE/USDC	+0.0569%	1h	$2.6M	$6.3M	20x	as long as short
Hyperliquid HYPEshort	+0.0581%	1h	$2.00B	$668.9M	10x
Injective HYPE/USDC PERP	+0.1593%	1h	$30K	$177K	12x	as long as short