HYPE

Alert

Funding spread now, next payment 16:00 UTC+0.0588%/8h

next payment, per $10,000+$2.94paid, last 24h+0.102%paid, last 7 days+0.675%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_HYPE_USDC	95.491	−0.0388	get 0.0194% / 4h	2h 31m	$157K	$430K	20x
Short	BloFin HYPE-USDT	95.479	0.0200	get 0.0100% / 4h	2h 31m	$18.0M	$10.6M	75x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee BloFinbpOrdersRate

Funding earned: $123.5
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $105.5
Break-even: 1.0 days

Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.013%
Avg gap 7d: +0.012%

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 Orderly no order-book sample	—	—	—	—	—
Sell BloFin live order book, 4 min ago	0.26 bp	6.3 bp −$6	6.9 bp −$69	10.6 bp −$1,063	doesn't fit

Orderly: 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_USDClong	−0.0388%	4h	$157K	$430K	20x
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	$123.1M	$276.6M	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	$403.6M	$696.4M	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/USD	L +0.0002% / S −0.0001%	1h	$17K	—	150x	as long as short
Bitget HYPEUSDT	+0.0014%	4h	$234.4M	$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	$330.5M	$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 HYPE	+0.0096%	1h	$2.7M	$9.8M	20x	as long as short
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	$47.5M	—	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-USDTshort	+0.0200%	4h	$18.0M	$10.6M	75x
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