HYPE

Alert

Funding spread now, next payment 14:00 UTC+0.0052%/8h

next payment, per $10,000+$0.06paid, last 24h−0.024%paid, last 7 days+0.226%to open and close $10k−$24

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid HYPE	94.164	0.0100	pay 0.0013% / 1h	52m 31s	$2.06B	$514.2M	10x
Short	Phoenix HYPE	94.993	0.0152	get 0.0019% / 1h	52m 31s	$297K	$1.0M	10x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee PhoenixbpOrdersRate

Funding earned: $10.86
Slippage, 4 orders: −$7.77
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$12.91
Break-even: 15.3 days

Slippage from Hyperliquid: live order book, 13 min ago; Phoenix: live order book, 67 min ago.

Price risk

price view

Price gap now: +0.880%
Avg gap 7d: +0.100%

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, 13 min ago	0.05 bp	4.6 bp −$5	4.6 bp −$46	doesn't fit	doesn't fit
Sell Phoenix live order book, 67 min ago	1.36 bp	6.0 bp −$6	11.1 bp −$111	123.4 bp −$12.3K	doesn't fit

HYPE on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_HYPE_USDC	−0.0330%	4h	$166K	$464K	20x	as long as short
Kraken Futures PF_HYPEUSD	−0.0294%	1h	$16.4M	$18.9M	50x	as long as short
Hibachi HYPE/USDT-P	−0.0184%	1h	$203K	$172K	7x	as long as short
BingX HYPE-USDT	−0.0118%	4h	—	$47.3M	—	as long as short
OKX HYPE-USDT-SWAP	−0.0113%	8h	$119.7M	$287.0M	50x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
Gate HYPE_USDT	−0.0074%	4h	$44.8M	$53.2M	75x	as long as short
Aster HYPEUSDT	−0.0060%	4h	$8.4M	$31.4M	300x	as long as short
Arcus HYPE-USD	−0.0018%	1h	$1.2M	$4.2M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0018%	1h	$22K	$34K	10x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex HYPEUSDT	−0.0006%	8h	$12.8M	$2.2M	50x	as long as short
dYdX HYPE-USD	0.0000%	1h	$128K	$23K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	$1.6M	$3.8M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	$31K	$330K	10x	as long as short
Deribit HYPE_USDC-PERPETUAL	0.0000%	1h	$7.2M	$3.8M	50x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	$26K	—	150x	as long as short
ApeX Omni HYPEUSDT	+0.0020%	1h	$417K	$926K	50x	as long as short
MEXC HYPE_USDT	+0.0022%	4h	$91.2M	$79.0M	100x	as long as short
Binance HYPEUSDT	+0.0023%	4h	$398.4M	$741.6M	75x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0032%	1h	$5.0M	$5.2M	50x	as long as short
KuCoin HYPEUSDTM	+0.0034%	4h	$44.8M	$19.1M	75x	as long as short
edgeX HYPEUSDC	+0.0038%	4h	$5.1M	$24.5M	30x	as long as short
Bybit HYPEUSDT	+0.0044%	8h	$327.3M	$268.4M	75x	as long as short
Vest HYPE-PERP	+0.0044%	1h	—	$407K	5x	as long as short
01 Exchange HYPEUSD	+0.0056%	1h	$82K	$284K	20x	as long as short
Derive HYPE-PERP	+0.0076%	1h	$16.8M	$6.9M	10x	as long as short
Aevo HYPE-PERP	+0.0088%	1h	$400K	$343K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0092%	8h	$337K	$287K	20x	as long as short
Bitget HYPEUSDT	+0.0092%	4h	$232.0M	$87.6M	75x	as long as short
BloFin HYPE-USDT	+0.0093%	4h	$17.8M	$11.5M	75x	as long as short
Lighter HYPE	+0.0096%	1h	$18.7M	$49.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.0M	$10.6M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$76K	$1.0M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	$20K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$5.5M	$41.7M	10x	as long as short
Hyperliquid HYPElong	+0.0100%	1h	$2.06B	$514.2M	10x
Pacifica HYPE	+0.0100%	1h	$11.4M	$11.7M	20x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$711K	$892K	10x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.1M	$8.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$29.9M	$48.8M	—	as long as short
StandX HYPE-USD	+0.0100%	1h	$725K	$2.1M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	$482K	$2.3M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$579K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$69K	$196K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	$28K	$1.4M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	$2.0M	$1.9M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$215K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.5M	$35.8M	50x	as long as short
RISEx HYPE/USDC	+0.0120%	1h	$2.4M	$7.0M	20x	as long as short
HTX HYPE-USDT	+0.0129%	4h	$1.6M	$6.3M	75x	as long as short
Phoenix HYPEshort	+0.0152%	1h	$297K	$1.0M	10x
Reya HYPERUSDPERP	+0.0213%	1h	$74K	$233K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0346% / S −0.0159%	1h	$1.5M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0375%	1h	$24K	$259K	12x	as long as short