HYPE

Alert

Funding spread now, next payment 15:00 UTC+0.0069%/8h

paid, last 24h+0.018%paid, last 3 days−0.058%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HYPEUSDTM	94.203	0.0090	pay 0.0045% / 4h	1h 26m	$44.7M	$19.5M	75x
Short	GMX HYPE/USD [WBTC.b-USDC]	94.149	L +0.0345% / S −0.0159%	get 0.0020% / 1h	26m 42s	$1.5M	—	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee GMXbpOrdersRate

Funding earned: $14.59
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$9.41
Break-even: 11.5 days

Slippage unknown: KuCoin: live order book, 9 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.057%
Avg gap 7d: +0.025%

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 KuCoin live order book, 9 min ago	0.80 bp	11.2 bp −$11	16.3 bp −$163	doesn't fit	doesn't fit
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
Kraken Futures PF_HYPEUSD	−0.0293%	1h	$16.9M	$20.4M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0276%	4h	$169K	$396K	20x	as long as short
Hibachi HYPE/USDT-P	−0.0232%	1h	$203K	$179K	7x	as long as short
OKX HYPE-USDT-SWAP	−0.0085%	8h	$118.8M	$294.5M	50x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
Gate HYPE_USDT	−0.0028%	4h	$44.4M	$54.6M	75x	as long as short
Arcus HYPE-USD	−0.0018%	1h	$1.2M	$4.2M	10x	as long as short
Aster HYPEUSDT	0.0000%	4h	$8.7M	$32.3M	300x	as long as short
Perpl HYPE	0.0000%	43m	$34K	$336K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$33K	—	150x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX HYPE-USD	+0.0008%	1h	$128K	$23K	5x	as long as short
Phemex HYPEUSDT	+0.0023%	8h	$12.7M	$2.2M	50x	as long as short
Bybit HYPEUSDT	+0.0029%	8h	$327.8M	$276.5M	75x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0032%	1h	$5.0M	$5.2M	50x	as long as short
Aftermath Perps HYPEUSD	+0.0077%	1h	$22K	$35K	10x	as long as short
KuCoin HYPEUSDTMlong	+0.0090%	4h	$44.7M	$19.5M	75x
MEXC HYPE_USDT	+0.0092%	4h	$94.0M	$81.3M	100x	as long as short
Binance HYPEUSDT	+0.0092%	4h	$395.8M	$765.6M	75x	as long as short
edgeX HYPEUSDC	+0.0093%	4h	$5.2M	$25.5M	30x	as long as short
Lighter HYPE	+0.0096%	1h	$18.9M	$52.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.1M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$85K	$1.0M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0096%	8h	$339K	$287K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	$30K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$5.7M	$42.3M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	$2.06B	$547.1M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.4M	$11.9M	20x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$706K	$903K	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$214K	$10K	10x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$232.3M	$90.1M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	—	$48.6M	—	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	$30.5M	$50.2M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$415K	$937K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$722K	$2.1M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	$490K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$113K	$579K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$70K	$194K	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	$28K	$1.5M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	$2.0M	$1.9M	10x	as long as short
Vest HYPE-PERP	+0.0100%	1h	—	$407K	5x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.5M	$37.8M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$400K	$342K	20x	as long as short
RISEx HYPE/USDC	+0.0120%	1h	$2.5M	$7.2M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0122%	1h	$7.3M	$4.5M	50x	as long as short
01 Exchange HYPEUSD	+0.0144%	1h	$84K	$286K	20x	as long as short
Phoenix HYPE	+0.0152%	1h	$296K	$1.0M	10x	as long as short
Kalshi KXHYPEPERP	+0.0172%	8h	$1.7M	$4.1M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0216%	1h	$74K	$200K	15x	as long as short
HTX HYPE-USDT	+0.0234%	4h	$1.5M	$6.4M	75x	as long as short
BloFin HYPE-USDT	+0.0332%	4h	$17.7M	$11.6M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]short	L +0.0345% / S −0.0159%	1h	$1.5M	—	100x
Injective HYPE/USDC PERP	+0.0375%	1h	$24K	$260K	12x	as long as short