HYPE

Alert

Funding spread now, next payment 16:00 UTC+0.0404%/8h

next payment, per $10,000+$0.50paid, last 24h+0.012%paid, last 3 days−0.028%to open and close $10k−$11

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.028% in total (about -3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.50 per $10,000. 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	Lighter HYPE	93.762	0.0096	pay 0.0012% / 1h	33m 53s	$18.7M	$55.9M	20x
Short	RISEx HYPE/USDC	93.804	0.0500	get 0.0062% / 1h	33m 53s	$2.5M	$7.3M	20x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee RISExbpOrdersRate

Funding earned: $84.8
Slippage, 4 orders: −$5.05
Fee Lighter: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $73.75
Break-even: 0.9 days

Slippage from Lighter: live order book, 12 min ago; RISEx: live order book, 2 min ago.

Price risk

price view

Price gap now: +0.045%
Avg gap 7d: −0.027%

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, 12 min ago	0.00 bp	1.8 bp −$2	4.0 bp −$40	12.3 bp −$1,232	39.0 bp −$19.5K
Sell RISEx live order book, 2 min ago	1.60 bp	4.6 bp −$5	8.4 bp −$84	doesn't fit	doesn't fit

HYPE on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.0544%	1h	$208K	$193K	7x	as long as short
Orderly PERP_HYPE_USDC	−0.0151%	4h	$170K	$375K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
BingX HYPE-USDT	−0.0022%	4h	—	$50.9M	—	as long as short
OKX HYPE-USDT-SWAP	−0.0017%	8h	$117.2M	$308.0M	50x	as long as short
Bybit HYPEUSDT	−0.0008%	8h	$326.5M	$282.0M	75x	as long as short
Perpl HYPE	0.0000%	43m	$32K	$343K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$33K	—	150x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0038%	1h	$7.4M	$4.6M	50x	as long as short
dYdX HYPE-USD	+0.0052%	1h	$127K	$26K	5x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Gate HYPE_USDT	+0.0072%	4h	$44.4M	$54.5M	75x	as long as short
Lighter HYPElong	+0.0096%	1h	$18.7M	$55.9M	20x
Lighter RH HYPE	+0.0096%	1h	$3.0M	$11.5M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$158K	$1.1M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0096%	1h	$5.0M	$5.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	$24K	$1.7M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	$337K	$288K	20x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$5.7M	$42.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	$2.04B	$592.3M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	$8.8M	$34.1M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.5M	$12.1M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$396.2M	$808.7M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$702K	$975K	10x	as long as short
Arcus HYPE-USD	+0.0100%	1h	$1.2M	$4.2M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$212K	$10K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$95.9M	$84.5M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$44.3M	$20.0M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$231.1M	$95.6M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.3M	$9.0M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$30.1M	$51.5M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$427K	$953K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$709K	$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	$465K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$580K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$69K	$190K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	$16.6M	$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	$1.9M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	$12.7M	$2.2M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.3M	$40.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$398K	$340K	20x	as long as short
edgeX HYPEUSDC	+0.0116%	4h	$5.2M	$27.0M	30x	as long as short
01 Exchange HYPEUSD	+0.0120%	1h	$83K	$312K	20x	as long as short
Kalshi KXHYPEPERP	+0.0149%	8h	$1.7M	$4.4M	2.3x	as long as short
Aftermath Perps HYPEUSD	+0.0157%	1h	$22K	$34K	10x	as long as short
Reya HYPERUSDPERP	+0.0222%	1h	$74K	$168K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$18.0M	$12.2M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0345% / S −0.0161%	1h	$1.5M	—	100x	as long as short
Phoenix HYPE	+0.0357%	1h	$297K	$1.1M	10x	as long as short
HTX HYPE-USDT	+0.0384%	4h	$1.5M	$6.6M	75x	as long as short
RISEx HYPE/USDCshort	+0.0500%	1h	$2.5M	$7.3M	20x
Kraken Futures PF_HYPEUSD	+0.0608%	1h	$16.7M	$21.0M	50x	as long as short
Injective HYPE/USDC PERP	+0.1001%	1h	$24K	$320K	12x	as long as short