HYPE

Alert

Funding spread now, next payment 18:00 UTC0.0000%/8h

paid, last 24h−0.007%paid, last 3 days−0.006%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps HYPE-USD	92.580	0.0100	pay 0.0100% / 8h	6h 10m	$17K	$1.8M	10x
Short	Bullet HYPE-USD	92.521	0.0100	get 0.0013% / 1h	10m 49s	$111K	$568K	20x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Katana PerpsbpFee BulletbpOrdersRate

Funding earned: $0.04
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$11.76
Break-even: 1873.0 days

Slippage unknown: Katana Perps: no order-book sample; Bullet: live order book, 30 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.064%
Avg gap 7d: +0.048%

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 Katana Perps no order-book sample	—	—	—	—	—
Sell Bullet live order book, 30 min ago	0.32 bp	5.9 bp −$6	9.2 bp −$92	doesn't fit	doesn't fit

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	−0.1008%	1h	$193K	$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	+0.0007%	1h	$126K	$26K	5x	as long as short
BingX HYPE-USDT	+0.0038%	4h	—	$52.9M	—	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	$57.7M	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	$66K	$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-USDlong	+0.0100%	8h	$17K	$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	$35.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.3M	$12.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$387.9M	$848.6M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$325.2M	$283.9M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	$113.8M	$309.4M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$696K	$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	$43.7M	$54.7M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$90.1M	$83.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$45.8M	$19.6M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$226.2M	$100.3M	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	$668K	$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	$480K	$2.4M	20x	as long as short
Bullet HYPE-USDshort	+0.0100%	1h	$111K	$568K	20x
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	+0.0104%	8h	$1.7M	$4.9M	2.3x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.1M	$40.9M	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
Aftermath Perps HYPEUSD	+0.0234%	1h	$22K	$31K	10x	as long as short
Reya HYPERUSDPERP	+0.0237%	1h	$79K	$155K	15x	as long as short
Kraken Futures PF_HYPEUSD	+0.0259%	1h	$16.2M	$20.5M	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	$295K	$984K	10x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0388%	1h	$7.3M	$4.2M	50x	as long as short
Perpl HYPE	+0.0447%	43m	$27K	$356K	10x	as long as short
RISEx HYPE/USDC	+0.0611%	1h	$2.6M	$6.5M	20x	as long as short
HTX HYPE-USDT	+0.0773%	4h	$1.5M	$7.2M	75x	as long as short
Hyperliquid HYPE	+0.0844%	1h	$2.00B	$631.1M	10x	as long as short