HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0110%/8h= −12.0% APRnext payment −$0.55 per $10,000 · paid last 24h −0.090%

Price spread now: Orderly against HTX−0.137%7-day average −0.060% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.214%−$21 on $10k

Price spread, last 4 days (all we have)+0.173%+$17 · spread now −0.137%, 7d avg −0.060%

Together, before fees−0.041%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.077% cheaper against HTX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.060%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX HYPE-USDT	94.350	0.0100	pay 0.0050% / 4h	20m 06s	$1.4M	$6.8M	75x
Short	Orderly PERP_HYPE_USDC	94.221	−0.0010	pay 0.0005% / 4h	20m 06s	$147K	$686K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee OrderlybpOrdersPrice spread, now −0.137%Rate

Funding earned: −$23.05
Price spread: −0.137% → −0.060%: −$7.69
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$48.73
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

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, 4 min ago	0.05 bp	8.0 bp −$8	14.6 bp −$146	45.7 bp −$4,568	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.1712%	1h	94.057	−0.311%	$202K	$255K	7x	as long as short
Bluefin HYPE-PERP	−0.0413%	1h	94.235	−0.122%	$80K	$152K	20x	as long as short
Bullet HYPE-USD	−0.0224%	1h	94.218	−0.140%	$111K	$577K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0223%	1h	93.910	−0.466%	$710K	$1.2M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0145%	1h	94.169	−0.192%	$22K	$20K	10x	as long as short
01 Exchange HYPEUSD	−0.0120%	1h	94.209	−0.149%	$87K	$367K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.016	−0.354%	$3K	$331	25x	as long as short
Derive HYPE-PERP	−0.0080%	1h	93.964	−0.409%	$16.4M	$7.5M	10x	as long as short
Arcus HYPE-USD	−0.0045%	1h	94.129	−0.234%	$1.0M	$3.6M	10x	as long as short
Lighter HYPE	−0.0040%	1h	94.247	−0.109%	$16.3M	$64.5M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX HYPE-USDT	−0.0020%	4h	94.247	−0.109%	—	$52.9M	—	as long as short
Bybit HYPEUSDT	−0.0019%	8h	94.239	−0.118%	$316.8M	$289.3M	75x	as long as short
Orderly PERP_HYPE_USDCshort	−0.0010%	4h	94.221	−0.137%	$147K	$686K	20x
Polymarket Perps HYPE-USD	−0.0006%	1h	94.233	−0.124%	$497K	$2.8M	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.061	−0.307%	$129K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.272	−0.083%	$1.8M	$5.6M	2.3x	as long as short
Phoenix HYPE	0.0000%	1h	94.232	−0.125%	$209K	$1.1M	10x	as long as short
Perpl HYPE	0.0000%	43m	94.169	−0.191%	$19K	$288K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.275	−0.079%	$124K	—	150x	as long as short
Paradex HYPE-USD-PERP	+0.0030%	8h	94.140	−0.223%	$336K	$154K	20x	as long as short
Bitget HYPEUSDT	+0.0030%	4h	94.254	−0.102%	$226.4M	$100.1M	75x	as long as short
Vest HYPE-PERP	+0.0037%	1h	94.195	−0.165%	—	$190K	5x	as long as short
SoDEX HYPE-USD	+0.0040%	1h	94.250	−0.106%	$2.1M	$1.9M	10x	as long as short
Phemex HYPEUSDT	+0.0048%	8h	94.234	−0.123%	$12.9M	$2.9M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0064%	1h	94.260	−0.095%	$4.7M	$6.2M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0065%	8h	94.262	−0.093%	$117.6M	$324.2M	50x	as long as short
Gate HYPE_USDT	+0.0092%	4h	94.243	−0.113%	$50.1M	$56.8M	75x	as long as short
edgeX HYPEUSDC	+0.0095%	4h	93.993	−0.378%	$5.0M	$30.7M	30x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.249	−0.107%	$3.2M	$10.8M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.175	−0.185%	$81K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.100	−0.265%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.134	−0.228%	$7.2M	$53.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.339	−0.012%	$2.07B	$687.7M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.247	−0.109%	$8.8M	$37.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.153	−0.209%	$10.1M	$15.1M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.261	−0.094%	$377.5M	$933.7M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.240	−0.116%	$218K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.249	−0.107%	$89.1M	$83.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.241	−0.116%	$46.8M	$18.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.209	−0.149%	$7.5M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.079	−0.288%	$29.4M	$54.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.122	−0.242%	$7.6M	$45.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.028	−0.341%	$369K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.093	−0.272%	$680K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.173	−0.188%	$32K	$1.6M	20x	as long as short
HTX HYPE-USDTlong	+0.0100%	4h	94.350	long leg	$1.4M	$6.8M	75x
Extended HYPE-USD	+0.0104%	1h	94.250	−0.106%	$18.3M	$43.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.233	−0.124%	$398K	$154K	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0150% / S +0.0022%	1h	94.288	−0.066%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0185%	1h	94.740	+0.413%	$31K	$340K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0223%	1h	94.296	−0.057%	$20.2M	$30.2M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0248%	1h	94.338	−0.013%	$7.4M	$4.3M	50x	as long as short
RISEx HYPE/USDC	+0.0249%	1h	94.165	−0.196%	$3.2M	$6.4M	20x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.199	−0.160%	$85K	$123K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.094	−0.271%	$17.1M	$12.3M	75x	as long as short