HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0131%/8h= +14.3% APRnext payment +$0.65 per $10,000 · paid last 24h +0.043%

Price spread now: KuCoin against Orderly−0.060%7-day average +0.003% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.162%+$16 on $10k

Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.060%, 7d avg +0.003%

Together, before fees+0.227%+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.063% cheaper against Orderly than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of +0.003%). If the spread goes back, that is −$6 on $10k: about 38 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_HYPE_USDC	93.675	−0.0031	get 0.0015% / 4h	2h 47m	$146K	$663K	20x
Short	KuCoin HYPEUSDTM	93.619	0.0100	get 0.0050% / 4h	2h 47m	$46.9M	$18.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee KuCoinbpOrdersPrice spread, now −0.060%Rate

Funding earned: $27.44
Price spread: −0.060% → +0.003%: −$6.27
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $3.18
Costs to cover: 0.180%
Break-even: 6.2 days

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 6 min ago. Net counts fees only.

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 KuCoin live order book, 6 min ago	0.05 bp	10.4 bp −$10	15.0 bp −$150	doesn't fit	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 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.1848%	1h	93.418	−0.274%	$196K	$232K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0371%	1h	93.566	−0.116%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.494	−0.193%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDClong	−0.0031%	4h	93.675	long leg	$146K	$663K	20x
Bullet HYPE-USD	−0.0029%	1h	93.707	+0.035%	$112K	$578K	20x	as long as short
01 Exchange HYPEUSD	−0.0024%	1h	93.727	+0.056%	$88K	$365K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0001%	1h	93.510	−0.176%	$704K	$1.2M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.630	−0.048%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.704	+0.031%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.730	+0.059%	$62K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus HYPE-USD	+0.0011%	1h	93.686	+0.012%	$1.0M	$3.9M	10x	as long as short
Phemex HYPEUSDT	+0.0014%	8h	93.681	+0.006%	$12.6M	$2.7M	50x	as long as short
Bitget HYPEUSDT	+0.0018%	4h	93.607	−0.073%	$226.5M	$98.8M	75x	as long as short
Bybit HYPEUSDT	+0.0025%	8h	93.586	−0.095%	$318.3M	$283.7M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	93.701	+0.028%	$210K	$1.2M	10x	as long as short
edgeX HYPEUSDC	+0.0083%	4h	93.497	−0.190%	$5.0M	$29.9M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	93.649	−0.028%	$341K	$162K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.632	−0.046%	$16.2M	$63.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.616	−0.063%	$3.1M	$11.4M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.722	+0.050%	$77K	$1.1M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	93.690	+0.016%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.717	+0.045%	$7.8M	$48.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.663	−0.012%	$2.04B	$667.2M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.624	−0.055%	$8.8M	$36.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.623	−0.056%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.601	−0.079%	$375.3M	$911.1M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.591	−0.090%	$114.8M	$309.7M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.614	−0.065%	$204K	$3K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.608	−0.072%	$46.5M	$54.0M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.607	−0.073%	$92.0M	$80.3M	100x	as long as short
KuCoin HYPEUSDTMshort	+0.0100%	4h	93.619	−0.060%	$46.9M	$18.7M	75x
BingX HYPE-USDT	+0.0100%	4h	93.605	−0.075%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.649	−0.028%	$7.3M	$10.9M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.649	−0.028%	$28.7M	$56.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.675	0.000%	$7.6M	$47.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.596	−0.084%	$343K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.626	−0.052%	$670K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.731	+0.060%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.728	+0.057%	$491K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.701	+0.028%	$79K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.654	−0.022%	$16.2M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.687	+0.013%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.657	−0.019%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.800	+0.133%	$1.4M	$6.4M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.561	−0.122%	$18.2M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.704	+0.031%	$396K	$161K	20x	as long as short
Kalshi KXHYPEPERP	+0.0113%	8h	93.740	+0.069%	$1.8M	$5.6M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	93.440	−0.251%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.790	+0.123%	$4.8M	$5.6M	50x	as long as short
Reya HYPERUSDPERP	+0.0268%	1h	93.697	+0.023%	$80K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.724	+0.053%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0340%	1h	93.733	+0.062%	$20.9M	$29.6M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.529	−0.156%	$16.9M	$11.9M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0422%	1h	93.751	+0.081%	$7.5M	$4.0M	50x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	93.788	+0.121%	$3.2M	$6.3M	20x	as long as short