HYPE

Alert

Funding spread now, next payment 18:00 UTC+0.0374%/8h

next payment, per $10,000+$0.47paid, last 24h+0.010%paid, last 3 days+0.105%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.105% in total (about 13.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya HYPERUSDPERP	92.877	0.0236	pay 0.0030% / 1h	26m 11s	$73K	$149K	15x
Short	RISEx HYPE/USDC	92.965	0.0611	get 0.0076% / 1h	26m 11s	$2.6M	$6.7M	20x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee ReyabpFee RISExbpOrdersRate

Funding earned: $78.62
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee RISEx: 3 bp × 2 orders: −$6
Net: $66.62
Break-even: 1.1 days

Slippage unknown: Reya: no order-book sample; RISEx: live order book, 4 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.094%
Avg gap 7d: +0.021%

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 Reya no order-book sample	—	—	—	—	—
Sell RISEx live order book, 4 min ago	0.91 bp	4.4 bp −$4	5.8 bp −$58	doesn't fit	doesn't fit

Reya: 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	−0.1136%	1h	$194K	$227K	7x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	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	+0.0011%	1h	$126K	$26K	5x	as long as short
BingX HYPE-USDT	+0.0040%	4h	—	$51.9M	—	as long as short
Injective HYPE/USDC PERP	+0.0082%	1h	$23K	$167K	12x	as long as short
Orderly PERP_HYPE_USDC	+0.0088%	4h	$194K	$457K	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0094%	1h	$7.4M	$4.2M	50x	as long as short
Lighter HYPE	+0.0096%	1h	$18.3M	$57.1M	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	$91K	$314K	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$65K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	$30K	$1.8M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$6.4M	$43.2M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	$8.8M	$35.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.3M	$12.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$388.6M	$841.0M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$326.0M	$280.8M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	$114.2M	$307.8M	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	$203K	$8K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	$44.0M	$54.1M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$91.5M	$82.6M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$45.9M	$19.7M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$226.9M	$99.7M	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	$28.8M	$49.9M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$429K	$927K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$669K	$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	$470K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$562K	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 HYPEUSDT	+0.0100%	8h	$12.6M	$2.4M	50x	as long as short
Kalshi KXHYPEPERP	+0.0101%	8h	$1.7M	$4.9M	2.3x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.1M	$40.8M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$395K	$335K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0111%	8h	$336K	$285K	20x	as long as short
Perpl HYPE	+0.0112%	43m	$28K	$349K	10x	as long as short
edgeX HYPEUSDC	+0.0112%	4h	$5.1M	$28.2M	30x	as long as short
Bluefin HYPE-PERP	+0.0134%	1h	$73K	$180K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0200%	1h	$4.9M	$5.3M	50x	as long as short
Reya HYPERUSDPERPlong	+0.0236%	1h	$73K	$149K	15x
Kraken Futures PF_HYPEUSD	+0.0258%	1h	$16.2M	$20.4M	50x	as long as short
Aftermath Perps HYPEUSD	+0.0291%	1h	$22K	$31K	10x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.4M	$11.7M	75x	as long as short
Phoenix HYPE	+0.0351%	1h	$293K	$984K	10x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0360% / S −0.0183%	1h	$1.5M	—	100x	as long as short
RISEx HYPE/USDCshort	+0.0611%	1h	$2.6M	$6.7M	20x
HTX HYPE-USDT	+0.0844%	4h	$1.5M	$7.2M	75x	as long as short
Hyperliquid HYPE	+0.1009%	1h	$2.02B	$621.7M	10x	as long as short