HYPE

Alert

Funding spread now, next payment 14:00 UTC−0.0088%/8h

paid, last 24h−0.035%paid, last 7 days−0.348%to open and close $10k−$34

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix HYPE	94.260	0.0152	pay 0.0019% / 1h	56m 26s	$297K	$1.1M	10x
Short	Gate HYPE_USDT	94.106	0.0064	get 0.0032% / 4h	56m 26s	$44.3M	$53.3M	75x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee GatebpOrdersRate

Funding earned: −$18.42
Slippage, 4 orders: −$11.72
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$52.14
Break-even: never at this rate

Slippage from Phoenix: live order book, 3 min ago; Gate: live order book, 4 min ago.

Price risk

price view

Price gap now: −0.163%
Avg gap 7d: −0.118%

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 Phoenix live order book, 3 min ago	1.49 bp	6.2 bp −$6	12.8 bp −$128	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	0.43 bp	11.3 bp −$11	15.1 bp −$151	28.5 bp −$2,852	49.4 bp −$24.7K

HYPE on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.0696%	1h	$203K	$178K	7x	as long as short
Orderly PERP_HYPE_USDC	−0.0205%	4h	$170K	$412K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
BingX HYPE-USDT	−0.0044%	4h	—	$49.7M	—	as long as short
OKX HYPE-USDT-SWAP	−0.0044%	8h	$117.9M	$302.4M	50x	as long as short
Perpl HYPE	0.0000%	43m	$33K	$349K	10x	as long as short
Bybit HYPEUSDT	+0.0001%	8h	$327.5M	$280.3M	75x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$33K	—	150x	as long as short
01 Exchange HYPEUSD	+0.0016%	1h	$84K	$300K	20x	as long as short
Gate HYPE_USDTshort	+0.0064%	4h	$44.3M	$53.3M	75x

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Phemex HYPEUSDT	+0.0089%	8h	$12.7M	$2.2M	50x	as long as short
Lighter HYPE	+0.0096%	1h	$18.9M	$53.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.1M	$11.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$161K	$1.1M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0096%	1h	$5.0M	$5.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	$338K	$288K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	$9K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$5.7M	$42.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	$2.05B	$562.6M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	$8.9M	$32.8M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.4M	$12.0M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$397.9M	$782.9M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$705K	$899K	10x	as long as short
Arcus HYPE-USD	+0.0100%	1h	$1.2M	$4.1M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$213K	$10K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$94.7M	$81.4M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$44.6M	$19.8M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$233.7M	$92.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.1M	$8.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$30.8M	$50.8M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$429K	$951K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$722K	$2.0M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	—	$407K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	$466K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$581K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$69K	$192K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	$16.7M	$7.2M	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	$38.8M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$400K	$342K	20x	as long as short
dYdX HYPE-USD	+0.0107%	1h	$128K	$23K	5x	as long as short
edgeX HYPEUSDC	+0.0107%	4h	$5.1M	$26.2M	30x	as long as short
Aftermath Perps HYPEUSD	+0.0110%	1h	$22K	$35K	10x	as long as short
Phoenix HYPElong	+0.0152%	1h	$297K	$1.1M	10x
Kalshi KXHYPEPERP	+0.0162%	8h	$1.7M	$4.1M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0219%	1h	$74K	$169K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0228%	1h	$7.3M	$4.5M	50x	as long as short
HTX HYPE-USDT	+0.0313%	4h	$1.5M	$6.5M	75x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.8M	$11.9M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0344% / S −0.0160%	1h	$1.5M	—	100x	as long as short
RISEx HYPE/USDC	+0.0500%	1h	$2.5M	$7.2M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0606%	1h	$16.8M	$20.6M	50x	as long as short
Injective HYPE/USDC PERP	+0.1001%	1h	$24K	$319K	12x	as long as short