HYPE

Alert

Funding spread now, next payment 16:00 UTC−0.0395%/8h

next payment, per $10,000−$0.49paid, last 24h−0.042%paid, last 7 days−2.349%to open and closeno order book

Long on Injective Short on Kraken Futures

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective HYPE/USDC PERP	94.650	0.1001	pay 0.0125% / 1h	40m 46s	$24K	$319K	12x
Short	Kraken Futures PF_HYPEUSD	93.956	0.0607	get 0.0076% / 1h	40m 46s	$16.8M	$20.8M	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee Kraken FuturesbpOrdersRate

Funding earned: −$82.89
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$92.91
Break-even: never at this rate

Slippage unknown: Injective: live order book, 10 min ago; Kraken Futures: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.733%
Avg gap 7d: −0.142%

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 Injective live order book, 10 min ago	12.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	1.43 bp	6.4 bp −$6	9.8 bp −$98	21.3 bp −$2,126	72.6 bp −$36.3K

HYPE on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.0680%	1h	$209K	$187K	7x	as long as short
Orderly PERP_HYPE_USDC	−0.0166%	4h	$171K	$391K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
BingX HYPE-USDT	−0.0030%	4h	—	$50.1M	—	as long as short
OKX HYPE-USDT-SWAP	−0.0026%	8h	$118.2M	$304.7M	50x	as long as short
Bybit HYPEUSDT	−0.0006%	8h	$327.4M	$279.3M	75x	as long as short
Perpl HYPE	0.0000%	43m	$33K	$350K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$33K	—	150x	as long as short
dYdX HYPE-USD	+0.0069%	1h	$128K	$24K	5x	as long as short
Gate HYPE_USDT	+0.0086%	4h	$44.4M	$54.0M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter HYPE	+0.0096%	1h	$18.6M	$54.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.1M	$11.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$159K	$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	+0.0099%	8h	$337K	$288K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	$41K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$5.7M	$42.5M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	$2.05B	$577.5M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	$8.9M	$33.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.4M	$12.0M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$398.0M	$797.6M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$714K	$931K	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	$96.9M	$83.5M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$44.4M	$19.9M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$232.0M	$94.6M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.3M	$8.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$30.3M	$51.2M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$428K	$952K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$714K	$2.1M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	—	$407K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	$464K	$2.4M	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	$190K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	$16.7M	$7.1M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	$33K	$1.5M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	$2.0M	$1.9M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	$12.7M	$2.3M	50x	as long as short
edgeX HYPEUSDC	+0.0101%	4h	$5.2M	$26.7M	30x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.4M	$39.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$400K	$347K	20x	as long as short
Aftermath Perps HYPEUSD	+0.0113%	1h	$22K	$34K	10x	as long as short
01 Exchange HYPEUSD	+0.0120%	1h	$85K	$305K	20x	as long as short
Kalshi KXHYPEPERP	+0.0159%	8h	$1.8M	$4.3M	2.3x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0165%	1h	$7.4M	$4.6M	50x	as long as short
Reya HYPERUSDPERP	+0.0221%	1h	$74K	$168K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.8M	$12.0M	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
Phoenix HYPE	+0.0357%	1h	$294K	$1.1M	10x	as long as short
HTX HYPE-USDT	+0.0365%	4h	$1.5M	$6.6M	75x	as long as short
RISEx HYPE/USDC	+0.0500%	1h	$2.5M	$7.2M	20x	as long as short
Kraken Futures PF_HYPEUSDshort	+0.0607%	1h	$16.8M	$20.8M	50x
Injective HYPE/USDC PERPlong	+0.1001%	1h	$24K	$319K	12x