HYPE

Alert

Funding spread now, next payment 20:00 UTC−0.0684%/8h

paid, last 24h−0.020%paid, last 3 days−0.145%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.145% in total (about -15.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX HYPE-USDT	92.900	0.0784	pay 0.0392% / 4h	2h 13m	$1.5M	$7.2M	75x
Short	Katana Perps HYPE-USD	92.760	0.0100	get 0.0100% / 8h	6h 13m	$33K	$1.8M	10x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee Katana PerpsbpOrdersRate

Funding earned: −$143.66
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$159.46
Break-even: never at this rate

Slippage unknown: HTX: live order book, 2 min ago; Katana Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.151%
Avg gap 7d: −0.051%

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 HTX live order book, 2 min ago	2.26 bp	9.3 bp −$9	12.1 bp −$121	48.4 bp −$4,842	doesn't fit
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: 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	−0.1032%	1h	$194K	$224K	7x	as long as short
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	$54K	—	150x	as long as short
dYdX HYPE-USD	+0.0008%	1h	$126K	$26K	5x	as long as short
BingX HYPE-USDT	+0.0040%	4h	—	$52.3M	—	as long as short
Injective HYPE/USDC PERP	+0.0082%	1h	$21K	$168K	12x	as long as short
01 Exchange HYPEUSD	+0.0088%	1h	$90K	$315K	20x	as long as short
Lighter HYPE	+0.0096%	1h	$18.2M	$57.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.1M	$12.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$67K	$1.2M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_HYPE_USDC	+0.0097%	4h	$192K	$458K	20x	as long as short
Katana Perps HYPE-USDshort	+0.0100%	8h	$33K	$1.8M	10x
Nado HYPE-PERP	+0.0100%	1h	$6.4M	$43.4M	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	$388.7M	$843.8M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$326.2M	$281.9M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	$114.6M	$308.9M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$697K	$970K	10x	as long as short
Arcus HYPE-USD	+0.0100%	1h	$1.2M	$4.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$203K	$8K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	$43.8M	$54.5M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$90.7M	$83.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$46.0M	$19.6M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$226.5M	$99.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.5M	$10.8M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$28.7M	$48.9M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$428K	$927K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$669K	$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	$481K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$568K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$73K	$178K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	$16.3M	$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	$12.5M	$2.3M	50x	as long as short
edgeX HYPEUSDC	+0.0100%	4h	$5.1M	$28.4M	30x	as long as short
Kalshi KXHYPEPERP	+0.0103%	8h	$1.7M	$4.9M	2.3x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.1M	$40.8M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$394K	$335K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0111%	8h	$335K	$285K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0200%	1h	$4.9M	$5.3M	50x	as long as short
Reya HYPERUSDPERP	+0.0237%	1h	$79K	$155K	15x	as long as short
Aftermath Perps HYPEUSD	+0.0245%	1h	$22K	$31K	10x	as long as short
Kraken Futures PF_HYPEUSD	+0.0258%	1h	$16.2M	$20.5M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0289%	1h	$7.4M	$4.2M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.4M	$11.7M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0341% / S −0.0166%	1h	$1.4M	—	100x	as long as short
Phoenix HYPE	+0.0351%	1h	$293K	$984K	10x	as long as short
Perpl HYPE	+0.0447%	43m	$27K	$354K	10x	as long as short
RISEx HYPE/USDC	+0.0611%	1h	$2.6M	$6.5M	20x	as long as short
HTX HYPE-USDTlong	+0.0784%	4h	$1.5M	$7.2M	75x
Hyperliquid HYPE	+0.0876%	1h	$2.01B	$623.8M	10x	as long as short