HYPE

Alert

Funding spread now, next payment 19:00 UTC−0.0435%/8h

next payment, per $10,000−$0.54paid, last 24h−0.042%paid, last 7 days−0.065%to open and close $10k−$13

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.065% in total (about -3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.54 per $10,000. 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	Hyperliquid HYPE	93.115	0.0531	pay 0.0066% / 1h	44m 07s	$2.01B	$664.0M	10x
Short	Lighter HYPE	93.102	0.0096	get 0.0012% / 1h	44m 07s	$18.4M	$57.8M	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee LighterbpOrdersRate

Funding earned: −$91.33
Slippage, 4 orders: −$4.33
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$104.67
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 11 min ago; Lighter: live order book, 6 min ago.

Price risk

price view

Price gap now: −0.014%
Avg gap 7d: +0.019%

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 Hyperliquid live order book, 11 min ago	0.11 bp	6.3 bp −$6	6.8 bp −$68	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	0.59 bp	0.7 bp −$1	2.4 bp −$24	14.3 bp −$1,432	44.6 bp −$22.3K

HYPE on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.0832%	1h	$194K	$232K	7x	as long as short
Arcus HYPE-USD	−0.0121%	1h	$1.2M	$4.1M	10x	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 −0.0003%	1h	$78K	—	150x	as long as short
dYdX HYPE-USD	+0.0045%	1h	$127K	$28K	5x	as long as short
Kraken Futures PF_HYPEUSD	+0.0085%	1h	$16.1M	$21.0M	50x	as long as short
Lighter HYPEshort	+0.0096%	1h	$18.4M	$57.8M	20x
Lighter RH HYPE	+0.0096%	1h	$3.2M	$12.5M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$55K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	$21K	$1.9M	10x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Nado HYPE-PERP	+0.0100%	1h	$6.3M	$43.8M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	$8.9M	$36.0M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$10.2M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$388.3M	$868.1M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$326.0M	$291.2M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	$114.5M	$319.7M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$697K	$1.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$205K	$10K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	$43.9M	$56.3M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$90.2M	$82.6M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$46.5M	$20.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$226.3M	$104.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	—	$54.1M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.4M	$11.2M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$28.5M	$50.0M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$427K	$944K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$672K	$2.3M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	$461K	$2.5M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$569K	20x	as long as short
Orderly PERP_HYPE_USDC	+0.0100%	4h	$192K	$489K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$75K	$179K	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	$12.6M	$2.4M	50x	as long as short
Vest HYPE-PERP	+0.0100%	1h	—	$407K	5x	as long as short
edgeX HYPEUSDC	+0.0100%	4h	$5.1M	$28.8M	30x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.0M	$41.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$396K	$330K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0110%	8h	$340K	$288K	20x	as long as short
Kalshi KXHYPEPERP	+0.0112%	8h	$2.0M	$5.5M	2.3x	as long as short
01 Exchange HYPEUSD	+0.0120%	1h	$89K	$322K	20x	as long as short
Aftermath Perps HYPEUSD	+0.0130%	1h	$22K	$30K	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0200%	1h	$5.0M	$5.6M	50x	as long as short
Reya HYPERUSDPERP	+0.0238%	1h	$76K	$157K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0319%	1h	$7.4M	$4.8M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0337% / S −0.0162%	1h	$1.4M	—	100x	as long as short
Phoenix HYPE	+0.0338%	1h	$221K	$977K	10x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.3M	$12.3M	75x	as long as short
Perpl HYPE	+0.0447%	43m	$27K	$381K	10x	as long as short
Hyperliquid HYPElong	+0.0531%	1h	$2.01B	$664.0M	10x
RISEx HYPE/USDC	+0.0569%	1h	$2.6M	$6.6M	20x	as long as short
HTX HYPE-USDT	+0.0641%	4h	$1.5M	$7.4M	75x	as long as short
Injective HYPE/USDC PERP	+0.1593%	1h	$30K	$177K	12x	as long as short