HYPE

Alert

Funding spread now, next payment 15:00 UTC+0.0337%/8h

paid, last 24h−0.005%paid, last 7 days−0.053%to open and close $10k−$28

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.053% in total (about -2.8% a year). A funding rate is set anew for every payment. 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	Kraken Futures PF_HYPEUSD	94.130	−0.0294	get 0.0037% / 1h	41m 33s	$17.0M	$20.1M	50x
Short	Binance HYPEUSDT	94.015	0.0043	get 0.0021% / 4h	1h 41m	$394.5M	$754.4M	75x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee BinancebpOrdersRate

Funding earned: $70.68
Slippage, 4 orders: −$7.8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $42.87
Break-even: 2.8 days

Slippage from Kraken Futures: live order book, 4 min ago; Binance: live order book, 4 min ago.

Price risk

price view

Price gap now: −0.123%
Avg gap 7d: −0.020%

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 Kraken Futures live order book, 4 min ago	2.02 bp	8.9 bp −$9	11.5 bp −$115	17.7 bp −$1,769	62.4 bp −$31.2K
Sell Binance live order book, 4 min ago	0.05 bp	5.2 bp −$5	8.4 bp −$84	16.6 bp −$1,663	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	−0.0313%	4h	$169K	$473K	20x	as long as short
Kraken Futures PF_HYPEUSDlong	−0.0294%	1h	$17.0M	$20.1M	50x
Hibachi HYPE/USDT-P	−0.0160%	1h	$201K	$175K	7x	as long as short
BingX HYPE-USDT	−0.0107%	4h	—	$48.5M	—	as long as short
OKX HYPE-USDT-SWAP	−0.0104%	8h	$119.4M	$288.5M	50x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
Aster HYPEUSDT	−0.0060%	4h	$8.7M	$32.0M	300x	as long as short
Gate HYPE_USDT	−0.0050%	4h	$44.4M	$54.1M	75x	as long as short
Aftermath Perps HYPEUSD	−0.0026%	1h	$22K	$34K	10x	as long as short
Arcus HYPE-USD	−0.0018%	1h	$1.2M	$4.2M	10x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
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	$30K	$335K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$33K	—	150x	as long as short
Phemex HYPEUSDT	+0.0007%	8h	$12.7M	$2.2M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0032%	1h	$4.9M	$5.2M	50x	as long as short
MEXC HYPE_USDT	+0.0034%	4h	$92.3M	$80.5M	100x	as long as short
Bybit HYPEUSDT	+0.0039%	8h	$325.4M	$272.8M	75x	as long as short
edgeX HYPEUSDC	+0.0040%	4h	$5.1M	$25.1M	30x	as long as short
Binance HYPEUSDTshort	+0.0043%	4h	$394.5M	$754.4M	75x
KuCoin HYPEUSDTM	+0.0048%	4h	$44.9M	$19.4M	75x	as long as short
Aevo HYPE-PERP	+0.0088%	1h	$400K	$339K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0094%	8h	$338K	$287K	20x	as long as short
Lighter HYPE	+0.0096%	1h	$18.7M	$50.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.1M	$10.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$78K	$1.0M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	$37K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$5.6M	$42.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	$2.05B	$533.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.4M	$11.8M	20x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$705K	$897K	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$213K	$10K	10x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$231.0M	$89.6M	75x	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	$30.0M	$49.0M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$413K	$935K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$717K	$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	$482K	$2.3M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$577K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$69K	$195K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	$16.7M	$6.8M	10x	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
Extended HYPE-USD	+0.0104%	1h	$18.4M	$37.0M	50x	as long as short
01 Exchange HYPEUSD	+0.0104%	1h	$83K	$285K	20x	as long as short
RISEx HYPE/USDC	+0.0120%	1h	$2.5M	$7.2M	20x	as long as short
BloFin HYPE-USDT	+0.0137%	4h	$17.8M	$11.6M	75x	as long as short
Phoenix HYPE	+0.0152%	1h	$295K	$1.0M	10x	as long as short
HTX HYPE-USDT	+0.0163%	4h	$1.5M	$6.3M	75x	as long as short
Reya HYPERUSDPERP	+0.0214%	1h	$74K	$217K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0281%	1h	$7.3M	$4.4M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0345% / 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