HYPE

Alert

Funding spread now, next payment 19:00 UTC+0.0077%/8h

next payment, per $10,000+$0.10paid, last 24h+0.017%paid, last 3 days−0.108%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_HYPEUSD	92.881	0.0085	pay 0.0011% / 1h	51m 25s	$16.1M	$20.9M	50x
Short	GMX HYPE/USD [WBTC.b-USDC]	92.776	L +0.0336% / S −0.0163%	get 0.0020% / 1h	51m 25s	$1.4M	—	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee GMXbpOrdersRate

Funding earned: $16.21
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$5.79
Break-even: 9.5 days

Slippage unknown: Kraken Futures: live order book, 4 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.113%
Avg gap 7d: −0.015%

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	0.05 bp	5.1 bp −$5	10.7 bp −$107	18.9 bp −$1,890	57.0 bp −$28.5K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0800%	1h	$194K	$230K	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
dYdX HYPE-USD	0.0000%	1h	$126K	$27K	5x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	$78K	—	150x	as long as short
Kraken Futures PF_HYPEUSDlong	+0.0085%	1h	$16.1M	$20.9M	50x
Lighter HYPE	+0.0096%	1h	$18.4M	$57.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.2M	$12.4M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$54K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	$23K	$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	$6.4M	$43.7M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	$8.9M	$35.8M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$10.2M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$388.6M	$865.2M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$325.2M	$290.5M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	$114.5M	$317.3M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$705K	$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	$55.9M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$90.3M	$82.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$45.8M	$20.0M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$225.2M	$103.3M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	—	$54.2M	—	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	$28.4M	$49.8M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$429K	$939K	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	$460K	$2.5M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$111K	$569K	20x	as long as short
Orderly PERP_HYPE_USDC	+0.0100%	4h	$191K	$487K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$75K	$180K	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	$12.5M	$2.4M	50x	as long as short
Vest HYPE-PERP	+0.0100%	1h	—	$407K	5x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.0M	$41.2M	50x	as long as short
01 Exchange HYPEUSD	+0.0104%	1h	$89K	$321K	20x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$395K	$335K	20x	as long as short
Aftermath Perps HYPEUSD	+0.0105%	1h	$22K	$30K	10x	as long as short
Kalshi KXHYPEPERP	+0.0105%	8h	$2.0M	$5.4M	2.3x	as long as short
Paradex HYPE-USD-PERP	+0.0110%	8h	$339K	$288K	20x	as long as short
edgeX HYPEUSDC	+0.0114%	4h	$5.1M	$28.7M	30x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0200%	1h	$5.0M	$5.5M	50x	as long as short
Reya HYPERUSDPERP	+0.0238%	1h	$76K	$157K	15x	as long as short
Hyperliquid HYPE	+0.0331%	1h	$2.01B	$659.5M	10x	as long as short
GMX HYPE/USD [WBTC.b-USDC]short	L +0.0336% / S −0.0163%	1h	$1.4M	—	100x
Phoenix HYPE	+0.0338%	1h	$220K	$977K	10x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.5M	$12.2M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0439%	1h	$7.3M	$4.7M	50x	as long as short
Perpl HYPE	+0.0447%	43m	$27K	$378K	10x	as long as short
RISEx HYPE/USDC	+0.0569%	1h	$2.6M	$6.6M	20x	as long as short
HTX HYPE-USDT	+0.0668%	4h	$1.5M	$7.4M	75x	as long as short
Injective HYPE/USDC PERP	+0.1593%	1h	$24K	$170K	12x	as long as short