HYPE

Alert

Funding spread now, next payment 00:00 UTC0.0000%/8h

next payment, per $10,000−$0.00paid, last 24h0.000%paid, last 3 days−0.123%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex HYPEUSDT	93.158	0.0100	pay 0.0100% / 8h	6h 48m	$12.6M	$2.4M	50x
Short	Katana Perps HYPE-USD	93.040	0.0100	get 0.0100% / 8h	6h 48m	$38K	$1.8M	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee Katana PerpsbpOrdersRate

Funding earned: −$0.04
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$15.84
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 2 min ago; Katana Perps: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.127%
Avg gap 7d: −0.033%

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 Phemex live order book, 2 min ago	5.53 bp	15.1 bp −$15	43.2 bp −$432	doesn't fit	doesn't fit
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: 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	−0.1016%	1h	$196K	$227K	7x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
Deribit HYPE_USDC-PERPETUAL	0.0000%	1h	$7.4M	$4.3M	50x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$55K	—	150x	as long as short
dYdX HYPE-USD	+0.0020%	1h	$127K	$26K	5x	as long as short
BingX HYPE-USDT	+0.0040%	4h	—	$51.9M	—	as long as short
Orderly PERP_HYPE_USDC	+0.0056%	4h	$170K	$354K	20x	as long as short
Injective HYPE/USDC PERP	+0.0082%	1h	$23K	$167K	12x	as long as short
Lighter HYPE	+0.0096%	1h	$18.4M	$56.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.1M	$12.0M	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Popdex HYPEUSDT	+0.0096%	1h	$137K	$1.2M	50x	as long as short
Katana Perps HYPE-USDshort	+0.0100%	8h	$38K	$1.8M	10x
Nado HYPE-PERP	+0.0100%	1h	$6.4M	$43.4M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	$8.9M	$35.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.3M	$12.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$390.8M	$843.5M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$326.1M	$280.2M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	$114.4M	$310.7M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$698K	$972K	10x	as long as short
Arcus HYPE-USD	+0.0100%	1h	$1.2M	$3.9M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$203K	$8K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	$44.0M	$53.4M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$90.8M	$81.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$45.8M	$19.8M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$227.7M	$100.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.5M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$28.9M	$50.4M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$428K	$927K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$672K	$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	$459K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$565K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	$16.4M	$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 HYPEUSDTlong	+0.0100%	8h	$12.6M	$2.4M	50x
edgeX HYPEUSDC	+0.0102%	4h	$5.1M	$28.8M	30x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.2M	$41.5M	50x	as long as short
01 Exchange HYPEUSD	+0.0104%	1h	$91K	$315K	20x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$396K	$335K	20x	as long as short
Kalshi KXHYPEPERP	+0.0110%	8h	$1.7M	$4.9M	2.3x	as long as short
Perpl HYPE	+0.0112%	43m	$30K	$346K	10x	as long as short
Paradex HYPE-USD-PERP	+0.0114%	8h	$336K	$287K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0200%	1h	$4.9M	$5.3M	50x	as long as short
Reya HYPERUSDPERP	+0.0234%	1h	$73K	$149K	15x	as long as short
Kraken Futures PF_HYPEUSD	+0.0257%	1h	$16.2M	$20.7M	50x	as long as short
Aftermath Perps HYPEUSD	+0.0311%	1h	$22K	$34K	10x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.5M	$11.7M	75x	as long as short
Phoenix HYPE	+0.0351%	1h	$296K	$984K	10x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0362% / S −0.0184%	1h	$1.5M	—	100x	as long as short
RISEx HYPE/USDC	+0.0611%	1h	$2.5M	$6.8M	20x	as long as short
HTX HYPE-USDT	+0.0895%	4h	$1.5M	$7.1M	75x	as long as short
Hyperliquid HYPE	+0.0976%	1h	$2.02B	$616.5M	10x	as long as short
Bluefin HYPE-PERP	+0.1427%	1h	$73K	$183K	20x	as long as short