HYPE

Alert

Funding spread now, next payment 16:00 UTC+0.0180%/8h

paid, last 24h+0.054%paid, last 3 days+0.152%to open and closeno order book

Long on Hotstuff Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff HYPE-PERP	94.189	−0.0080	get 0.0010% / 1h	56m 51s	$3K	$307	25x
Short	Variational Omni HYPE	93.890	0.0100	get 0.0100% / 8h	56m 51s	$30.8M	$50.8M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HotstuffbpFee Variational OmnibpOrdersRate

Funding earned: $37.8
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $32.8
Break-even: 0.9 days

Slippage unknown: Hotstuff: no order-book sample; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.317%
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 Variational Omni RFQ quote, 4 min ago	0.43 bp	doesn't fit	5.6 bp −$56	20.8 bp −$2,085	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	−0.0696%	1h	$203K	$178K	7x	as long as short
Orderly PERP_HYPE_USDC	−0.0205%	4h	$170K	$412K	20x	as long as short
Hotstuff HYPE-PERPlong	−0.0080%	1h	$3K	$307	25x
BingX HYPE-USDT	−0.0050%	4h	—	$49.7M	—	as long as short
OKX HYPE-USDT-SWAP	−0.0044%	8h	$117.9M	$302.1M	50x	as long as short
Bybit HYPEUSDT	0.0000%	8h	$327.1M	$280.2M	75x	as long as short
Perpl HYPE	0.0000%	43m	$33K	$349K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$33K	—	150x	as long as short
01 Exchange HYPEUSD	+0.0008%	1h	$84K	$299K	20x	as long as short
Gate HYPE_USDT	+0.0058%	4h	$44.3M	$53.3M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex HYPEUSDT	+0.0089%	8h	$12.7M	$2.2M	50x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.1M	$11.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$161K	$1.1M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0096%	1h	$5.0M	$5.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0098%	8h	$338K	$288K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	$9K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$5.7M	$42.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	$2.05B	$562.5M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	$8.9M	$32.8M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.4M	$12.0M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$397.7M	$783.7M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$704K	$902K	10x	as long as short
Arcus HYPE-USD	+0.0100%	1h	$1.2M	$4.1M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$214K	$10K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$94.6M	$81.3M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$44.6M	$19.8M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$233.4M	$92.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.1M	$8.6M	20x	as long as short
Variational Omni HYPEshort	+0.0100%	8h	$30.8M	$50.8M	—
ApeX Omni HYPEUSDT	+0.0100%	1h	$429K	$951K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$722K	$2.0M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	—	$407K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	$465K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$581K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$69K	$192K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	$16.7M	$7.2M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	$28K	$1.5M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	$2.0M	$1.9M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.5M	$38.8M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$400K	$342K	20x	as long as short
edgeX HYPEUSDC	+0.0107%	4h	$5.1M	$26.2M	30x	as long as short
Aftermath Perps HYPEUSD	+0.0109%	1h	$22K	$35K	10x	as long as short
Lighter HYPE	+0.0120%	1h	$18.9M	$53.1M	20x	as long as short
Phoenix HYPE	+0.0152%	1h	$297K	$1.1M	10x	as long as short
dYdX HYPE-USD	+0.0160%	1h	$128K	$23K	5x	as long as short
Kalshi KXHYPEPERP	+0.0162%	8h	$1.7M	$4.1M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0219%	1h	$74K	$169K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0228%	1h	$7.3M	$4.5M	50x	as long as short
HTX HYPE-USDT	+0.0313%	4h	$1.5M	$6.5M	75x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.8M	$11.9M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0344% / S −0.0160%	1h	$1.5M	—	100x	as long as short
RISEx HYPE/USDC	+0.0500%	1h	$2.5M	$7.2M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0606%	1h	$16.8M	$20.6M	50x	as long as short
Injective HYPE/USDC PERP	+0.1001%	1h	$24K	$319K	12x	as long as short