data as of
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Funding arb /

HYPE

all HYPE markets
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Funding spread now, next payment 16:00 UTC−0.0035%/8h
paid, last 24h+0.002%paid, last 3 days+0.167%to open and close $10k−$17
Long on ParadexShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex HYPE-USD-PERP93.6150.0135pay 0.0135% / 8h5m 47s$337K$288K20x
ShortBackpack HYPE_USDC_PERP93.5910.0100get 0.0013% / 1h5m 47s$8.4M$9.0M20x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$7.42
Slippage, 4 orders
−$3.27
Fee Paradex: 2 bp × 2 orders
−$4
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$24.7
Break-even
never at this rate
Slippage from Paradex: live order book, 45 min ago; Backpack: live order book, 5 min ago.

Price risk

price view
Price gap now
−0.026%
Avg gap 7d
+0.007%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 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
LegHalf-spread$10k$100k$1M$5M
Buy Paradex live order book, 45 min ago1.27 bp3.3 bp −$39.0 bp −$90doesn't fitdoesn't fit
Sell Backpack live order book, 5 min ago0.05 bp5.1 bp −$58.1 bp −$8153.0 bp −$5,297doesn't fit

HYPE on 54 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Orderly PERP_HYPE_USDC−0.0090%4h$170K$373K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h$3K$30725xas long as short
BingX HYPE-USDT−0.0012%4h—$52.3M—as long as short
Bybit HYPEUSDT−0.0012%8h$327.5M$284.5M75xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h$19K—150xas long as short
OKX HYPE-USDT-SWAP+0.0024%8h$115.9M$314.7M50xas long as short
dYdX HYPE-USD+0.0086%1h$127K$26K5xas long as short
Lighter RH HYPE+0.0096%1h$3.2M$12.0M20xas long as short
Popdex HYPEUSDT+0.0096%1h$156K$1.1M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0096%1h$5.0M$5.3M50xas long as short
Show all 54 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Katana Perps HYPE-USD+0.0099%8h$39K$1.8M10xas long as short
Nado HYPE-PERP+0.0100%1h$5.7M$42.6M10xas long as short
Aster HYPEUSDT+0.0100%4h$8.9M$35.7M300xas long as short
Pacifica HYPE+0.0100%1h$11.3M$12.3M20xas long as short
Binance HYPEUSDT+0.0100%4h$397.5M$831.5M75xas long as short
Ondo Perps HYPE-USD.P+0.0100%1h$700K$974K10xas long as short
Arcus HYPE-USD+0.0100%1h$1.2M$4.2M10xas long as short
Bulk HYPE-USD+0.0100%1h$211K$10K10xas long as short
Gate HYPE_USDT+0.0100%4h$44.5M$55.8M75xas long as short
MEXC HYPE_USDT+0.0100%4h$97.7M$87.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h$43.9M$20.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h$228.8M$101.2M75xas long as short
Backpack HYPE_USDC_PERPshort+0.0100%1h$8.4M$9.0M20x
Variational Omni HYPE+0.0100%8h$29.5M$51.3M—as long as short
ApeX Omni HYPEUSDT+0.0100%1h$426K$964K50xas long as short
StandX HYPE-USD+0.0100%1h$708K$2.1M20xas long as short
Vest HYPE-PERP+0.0100%1h—$407K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h$462K$2.4M20xas long as short
Bullet HYPE-USD+0.0100%1h$113K$578K20xas long as short
Bluefin HYPE-PERP+0.0100%1h$73K$195K20xas long as short
Derive HYPE-PERP+0.0100%1h$16.5M$7.2M10xas long as short
SunX HYPE-USDT+0.0100%4h$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h$2.0M$1.9M10xas long as short
Phemex HYPEUSDT+0.0100%8h$12.7M$2.3M50xas long as short
Extended HYPE-USD+0.0104%1h$18.4M$41.9M50xas long as short
Aevo HYPE-PERP+0.0104%1h$398K$340K20xas long as short
edgeX HYPEUSDC+0.0112%4h$5.1M$27.8M30xas long as short
Kalshi KXHYPEPERP+0.0123%8h$1.6M$4.5M2.3xas long as short
Paradex HYPE-USD-PERPlong+0.0135%8h$337K$288K20x
01 Exchange HYPEUSD+0.0144%1h$89K$310K20xas long as short
Hibachi HYPE/USDT-P+0.0200%1h$206K$196K7xas long as short
Hyperliquid HYPE+0.0201%1h$2.02B$605.8M10xas long as short
Lighter HYPE+0.0216%1h$18.7M$58.6M20xas long as short
Perpl HYPE+0.0223%43m$31K$341K10xas long as short
Reya HYPERUSDPERP+0.0225%1h$73K$166K15xas long as short
Aftermath Perps HYPEUSD+0.0228%1h$22K$35K10xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0284%1h$7.4M$4.6M50xas long as short
BloFin HYPE-USDT+0.0340%4h$17.9M$12.4M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0348% / S −0.0166%1h$1.5M—100xas long as short
Phoenix HYPE+0.0357%1h$296K$1.1M10xas long as short
HTX HYPE-USDT+0.0460%4h$1.5M$6.8M75xas long as short
RISEx HYPE/USDC+0.0500%1h$2.6M$7.3M20xas long as short
Kraken Futures PF_HYPEUSD+0.0609%1h$16.5M$21.3M50xas long as short
Injective HYPE/USDC PERP+0.1001%1h$23K$320K12xas long as short