HYPE

Alert

Funding spread now, next payment 18:00 UTC+0.0078%/8h

next payment, per $10,000+$0.10paid, last 24h+0.013%paid, last 3 days−0.051%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter HYPE	93.243	0.0104	pay 0.0013% / 1h	57m 41s	$18.4M	$55.9M	20x
Short	GMX HYPE/USD [WBTC.b-USDC]	93.231	L +0.0361% / S −0.0182%	get 0.0023% / 1h	57m 41s	$1.5M	—	100x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee GMXbpOrdersRate

Funding earned: $16.43
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $4.43
Break-even: 5.1 days

Slippage unknown: Lighter: live order book, 8 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.013%
Avg gap 7d: −0.021%

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 Lighter live order book, 8 min ago	0.17 bp	2.3 bp −$2	6.0 bp −$60	12.6 bp −$1,257	38.8 bp −$19.4K
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	−0.0728%	1h	$196K	$232K	7x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
dYdX HYPE-USD	+0.0002%	1h	$127K	$26K	5x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$55K	—	150x	as long as short
Orderly PERP_HYPE_USDC	+0.0043%	4h	$170K	$354K	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0072%	1h	$7.4M	$4.3M	50x	as long as short
01 Exchange HYPEUSD	+0.0080%	1h	$91K	$316K	20x	as long as short
Injective HYPE/USDC PERP	+0.0082%	1h	$23K	$167K	12x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.1M	$12.0M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$140K	$1.2M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Katana Perps HYPE-USD	+0.0100%	8h	$38K	$1.8M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$6.4M	$43.4M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	$8.9M	$35.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.3M	$12.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$391.5M	$843.9M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$326.5M	$280.9M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	$114.7M	$311.2M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$700K	$983K	10x	as long as short
Arcus HYPE-USD	+0.0100%	1h	$1.2M	$3.9M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$204K	$8K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	$44.1M	$53.2M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$89.8M	$80.5M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$45.9M	$19.9M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$228.1M	$100.7M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	—	$51.3M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.3M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$29.2M	$50.2M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$428K	$926K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$672K	$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	$458K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$113K	$563K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	$16.4M	$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	$12.6M	$2.4M	50x	as long as short
Lighter HYPElong	+0.0104%	1h	$18.4M	$55.9M	20x
Extended HYPE-USD	+0.0104%	1h	$18.2M	$41.9M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$397K	$337K	20x	as long as short
edgeX HYPEUSDC	+0.0108%	4h	$5.1M	$29.0M	30x	as long as short
Perpl HYPE	+0.0112%	43m	$32K	$348K	10x	as long as short
Kalshi KXHYPEPERP	+0.0115%	8h	$1.7M	$4.8M	2.3x	as long as short
Paradex HYPE-USD-PERP	+0.0116%	8h	$337K	$287K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0200%	1h	$5.0M	$5.3M	50x	as long as short
Reya HYPERUSDPERP	+0.0233%	1h	$73K	$149K	15x	as long as short
Kraken Futures PF_HYPEUSD	+0.0257%	1h	$16.2M	$20.8M	50x	as long as short
Aftermath Perps HYPEUSD	+0.0295%	1h	$22K	$34K	10x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.5M	$11.6M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]short	L +0.0361% / S −0.0182%	1h	$1.5M	—	100x
Phoenix HYPE	+0.0386%	1h	$296K	$950K	10x	as long as short
Bluefin HYPE-PERP	+0.0450%	1h	$74K	$186K	20x	as long as short
RISEx HYPE/USDC	+0.0611%	1h	$2.5M	$6.8M	20x	as long as short
Hyperliquid HYPE	+0.0683%	1h	$2.03B	$616.2M	10x	as long as short
HTX HYPE-USDT	+0.0895%	4h	$1.5M	$7.1M	75x	as long as short