HYPE

Alert

Funding spread now, next payment 16:00 UTC+0.0508%/8h

next payment, per $10,000+$2.54paid, last 24h+0.037%paid, last 7 days+0.217%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.217% in total (about 11.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.54 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	Orderly PERP_HYPE_USDC	94.330	−0.0280	get 0.0140% / 4h	1h 29m	$169K	$396K	20x
Short	HTX HYPE-USDT	94.509	0.0228	get 0.0114% / 4h	1h 29m	$1.5M	$6.4M	75x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee HTXbpOrdersRate

Funding earned: $106.66
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: $88.66
Break-even: 1.2 days

Slippage unknown: Orderly: no order-book sample; HTX: live order book, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.190%
Avg gap 7d: +0.028%

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 HTX live order book, 1 min ago	1.53 bp	10.4 bp −$10	15.7 bp −$157	57.9 bp −$5,790	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
Kraken Futures PF_HYPEUSD	−0.0293%	1h	$16.9M	$20.4M	50x	as long as short
Orderly PERP_HYPE_USDClong	−0.0280%	4h	$169K	$396K	20x
Hibachi HYPE/USDT-P	−0.0192%	1h	$203K	$179K	7x	as long as short
OKX HYPE-USDT-SWAP	−0.0086%	8h	$119.1M	$294.1M	50x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
Gate HYPE_USDT	−0.0040%	4h	$44.5M	$54.6M	75x	as long as short
Arcus HYPE-USD	−0.0018%	1h	$1.2M	$4.2M	10x	as long as short
Aster HYPEUSDT	−0.0003%	4h	$8.8M	$32.2M	300x	as long as short
Perpl HYPE	0.0000%	43m	$34K	$335K	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	+0.0005%	1h	$128K	$23K	5x	as long as short
Phemex HYPEUSDT	+0.0009%	8h	$12.8M	$2.2M	50x	as long as short
Bybit HYPEUSDT	+0.0029%	8h	$328.1M	$276.2M	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	+0.0056%	1h	$22K	$35K	10x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0079%	1h	$7.3M	$4.5M	50x	as long as short
MEXC HYPE_USDT	+0.0080%	4h	$93.2M	$81.2M	100x	as long as short
Binance HYPEUSDT	+0.0081%	4h	$396.4M	$763.8M	75x	as long as short
KuCoin HYPEUSDTM	+0.0084%	4h	$44.9M	$19.5M	75x	as long as short
edgeX HYPEUSDC	+0.0088%	4h	$5.2M	$25.4M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0096%	8h	$339K	$287K	20x	as long as short
Lighter HYPE	+0.0096%	1h	$18.9M	$51.9M	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
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	$544.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.5M	$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	$232.4M	$89.9M	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
Vest HYPE-PERP	+0.0100%	1h	—	$407K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	$491K	$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	$6.9M	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
Extended HYPE-USD	+0.0104%	1h	$18.5M	$37.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$401K	$342K	20x	as long as short
RISEx HYPE/USDC	+0.0120%	1h	$2.5M	$7.2M	20x	as long as short
01 Exchange HYPEUSD	+0.0136%	1h	$85K	$286K	20x	as long as short
Phoenix HYPE	+0.0152%	1h	$296K	$1.0M	10x	as long as short
Kalshi KXHYPEPERP	+0.0163%	8h	$1.7M	$4.1M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0215%	1h	$74K	$211K	15x	as long as short
HTX HYPE-USDTshort	+0.0228%	4h	$1.5M	$6.4M	75x
BloFin HYPE-USDT	+0.0321%	4h	$17.8M	$11.6M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0346% / S −0.0159%	1h	$1.5M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0375%	1h	$24K	$259K	12x	as long as short