HYPE

Alert

Funding spread now, next payment 14:00 UTC−0.0095%/8h

next payment, per $10,000−$0.12paid, last 24h−0.028%paid, last 3 days−0.137%to open and closeno order book

Long on Lighter RH Short on gTrade (Gains Network)

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH HYPE	95.466	0.0096	pay 0.0012% / 1h	30m 49s	$2.7M	$9.8M	20x
Short	gTrade (Gains Network) HYPE/USD	95.484	L +0.0002% / S −0.0001%	get 0.0000% / 1h	30m 49s	$17K	—	150x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Lighter RHbpFee gTrade (Gains Network)bpOrdersRate

Funding earned: −$19.97
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$29.97
Break-even: never at this rate

Slippage unknown: Lighter RH: live order book, 4 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.019%
Avg gap 7d: —

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 RH live order book, 4 min ago	0.68 bp	2.9 bp −$3	4.7 bp −$47	29.8 bp −$2,981	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.0752%	1h	$210K	$155K	7x	as long as short
Kraken Futures PF_HYPEUSD	−0.0531%	1h	$16.7M	$17.8M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0388%	4h	$157K	$430K	20x	as long as short
Arcus HYPE-USD	−0.0261%	1h	$1.2M	$4.1M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0252%	1h	$20K	$30K	10x	as long as short
Gate HYPE_USDT	−0.0208%	4h	$45.5M	$52.5M	75x	as long as short
Ondo Perps HYPE-USD.P	−0.0192%	1h	$702K	$830K	10x	as long as short
OKX HYPE-USDT-SWAP	−0.0137%	8h	$122.9M	$276.7M	50x	as long as short
BingX HYPE-USDT	−0.0136%	4h	—	$43.1M	—	as long as short
Bluefin HYPE-PERP	−0.0115%	1h	$71K	$199K	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Vest HYPE-PERP	−0.0112%	1h	—	$407K	5x	as long as short
Phemex HYPEUSDT	−0.0097%	8h	$12.9M	$2.0M	50x	as long as short
Aster HYPEUSDT	−0.0083%	4h	$8.7M	$28.5M	300x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
Derive HYPE-PERP	−0.0073%	1h	$17.1M	$6.5M	10x	as long as short
01 Exchange HYPEUSD	−0.0072%	1h	$85K	$225K	20x	as long as short
MEXC HYPE_USDT	−0.0042%	4h	$90.7M	$74.3M	100x	as long as short
KuCoin HYPEUSDTM	−0.0042%	4h	$46.4M	$18.4M	75x	as long as short
Binance HYPEUSDT	−0.0040%	4h	$403.7M	$696.6M	75x	as long as short
edgeX HYPEUSDC	−0.0031%	4h	$5.1M	$23.2M	30x	as long as short
dYdX HYPE-USD	0.0000%	1h	$130K	$20K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	$1.6M	$3.4M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	$31K	$326K	10x	as long as short
Deribit HYPE_USDC-PERPETUAL	0.0000%	1h	$7.3M	$3.8M	50x	as long as short
Coinbase International HYPE-PERP-INTX	0.0000%	1h	$5.0M	$5.1M	50x	as long as short
gTrade (Gains Network) HYPE/USDshort	L +0.0002% / S −0.0001%	1h	$17K	—	150x
Bitget HYPEUSDT	+0.0014%	4h	$234.3M	$83.1M	75x	as long as short
ApeX Omni HYPEUSDT	+0.0032%	1h	$420K	$917K	50x	as long as short
RISEx HYPE/USDC	+0.0035%	1h	$2.4M	$7.0M	20x	as long as short
Bybit HYPEUSDT	+0.0048%	8h	$330.6M	$254.4M	75x	as long as short
Phoenix HYPE	+0.0050%	1h	$257K	$991K	10x	as long as short
Aevo HYPE-PERP	+0.0072%	1h	$406K	$342K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0085%	8h	$336K	$283K	20x	as long as short
Lighter HYPE	+0.0096%	1h	$18.6M	$46.3M	20x	as long as short
Lighter RH HYPElong	+0.0096%	1h	$2.7M	$9.8M	20x
Popdex HYPEUSDT	+0.0096%	1h	$81K	$991K	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	$12K	$1.4M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$5.4M	$40.2M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	$2.10B	$486.1M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.6M	$11.3M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$216K	$10K	10x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.2M	$8.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$29.3M	$47.6M	—	as long as short
StandX HYPE-USD	+0.0100%	1h	$696K	$2.1M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	$466K	$2.3M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$191K	$530K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	$29K	$1.3M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	$2.1M	$1.9M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.1M	$32.7M	50x	as long as short
HTX HYPE-USDT	+0.0136%	4h	$1.6M	$5.9M	75x	as long as short
BloFin HYPE-USDT	+0.0200%	4h	$18.0M	$10.6M	75x	as long as short
Reya HYPERUSDPERP	+0.0208%	1h	$78K	$334K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0146%	1h	$1.5M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0996%	1h	$24K	$321K	12x	as long as short