HYPE

Alert

Funding spread now, next payment 18:00 UTC+0.0084%/8h

next payment, per $10,000+$0.10paid, last 24h+0.014%paid, last 3 days+0.035%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica HYPE	92.665	0.0100	pay 0.0013% / 1h	23m 18s	$11.3M	$12.2M	20x
Short	GMX HYPE/USD [WBTC.b-USDC]	92.624	L +0.0360% / S −0.0184%	get 0.0023% / 1h	23m 18s	$1.5M	—	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PacificabpFee GMXbpOrdersRate

Funding earned: $17.56
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$2.44
Break-even: 8.0 days

Slippage unknown: Pacifica: live order book, 2 min ago; GMX: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.044%
Avg gap 7d: −0.004%

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 Pacifica live order book, 2 min ago	0.59 bp	5.7 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.1112%	1h	$193K	$226K	7x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	$1.7M	$4.9M	2.3x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$54K	—	150x	as long as short
dYdX HYPE-USD	+0.0010%	1h	$126K	$26K	5x	as long as short
BingX HYPE-USDT	+0.0040%	4h	—	$52.2M	—	as long as short
Injective HYPE/USDC PERP	+0.0082%	1h	$21K	$168K	12x	as long as short
Orderly PERP_HYPE_USDC	+0.0090%	4h	$194K	$457K	20x	as long as short
Lighter HYPE	+0.0096%	1h	$18.3M	$57.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.1M	$12.1M	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
01 Exchange HYPEUSD	+0.0096%	1h	$90K	$315K	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$68K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	$33K	$1.8M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$6.3M	$43.3M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	$8.8M	$35.2M	300x	as long as short
Pacifica HYPElong	+0.0100%	1h	$11.3M	$12.2M	20x
Binance HYPEUSDT	+0.0100%	4h	$388.5M	$843.3M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$325.6M	$281.9M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	$114.7M	$309.0M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$697K	$968K	10x	as long as short
Arcus HYPE-USD	+0.0100%	1h	$1.2M	$4.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$202K	$8K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	$43.7M	$54.3M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$91.1M	$82.7M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$45.9M	$19.7M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$226.7M	$99.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.5M	$10.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$28.9M	$49.7M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$428K	$927K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$667K	$2.3M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	—	$407K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	$481K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$567K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$73K	$179K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	$16.3M	$7.2M	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	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	$12.5M	$2.3M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.2M	$40.7M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$394K	$335K	20x	as long as short
edgeX HYPEUSDC	+0.0108%	4h	$5.1M	$28.3M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0110%	8h	$335K	$285K	20x	as long as short
Perpl HYPE	+0.0112%	43m	$28K	$350K	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0200%	1h	$4.9M	$5.3M	50x	as long as short
Reya HYPERUSDPERP	+0.0237%	1h	$73K	$149K	15x	as long as short
Kraken Futures PF_HYPEUSD	+0.0258%	1h	$16.2M	$20.5M	50x	as long as short
Aftermath Perps HYPEUSD	+0.0286%	1h	$22K	$31K	10x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0322%	1h	$7.4M	$4.2M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.4M	$11.7M	75x	as long as short
Phoenix HYPE	+0.0351%	1h	$292K	$984K	10x	as long as short
GMX HYPE/USD [WBTC.b-USDC]short	L +0.0360% / S −0.0184%	1h	$1.5M	—	100x
RISEx HYPE/USDC	+0.0611%	1h	$2.5M	$6.7M	20x	as long as short
HTX HYPE-USDT	+0.0835%	4h	$1.5M	$7.2M	75x	as long as short
Hyperliquid HYPE	+0.0964%	1h	$2.01B	$620.0M	10x	as long as short