HYPE

Alert

Funding spread now, next payment 17:00 UTC−0.0392%/8h

next payment, per $10,000−$0.49paid, last 24h−0.011%paid, last 3 days−0.100%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 -0.100% in total (about -12.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.49 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	RISEx HYPE/USDC	92.955	0.0620	pay 0.0078% / 1h	36m 12s	$2.5M	$7.3M	20x
Short	Reya HYPERUSDPERP	92.862	0.0228	get 0.0029% / 1h	36m 12s	$73K	$166K	15x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee ReyabpOrdersRate

Funding earned: −$82.31
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Reya: 3 bp × 2 orders: −$6
Net: −$94.31
Break-even: never at this rate

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

Price risk

price view

Price gap now: −0.100%
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 RISEx live order book, 4 min ago	1.45 bp	4.5 bp −$4	6.1 bp −$61	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0030%	4h	$169K	$381K	20x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$18K	—	150x	as long as short
BingX HYPE-USDT	+0.0040%	4h	—	$51.9M	—	as long as short
dYdX HYPE-USD	+0.0043%	1h	$126K	$26K	5x	as long as short
OKX HYPE-USDT-SWAP	+0.0070%	8h	$115.0M	$310.5M	50x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.2M	$11.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$155K	$1.1M	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	$5.6M	$42.9M	10x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0100%	4h	$8.8M	$35.7M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.3M	$12.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$394.5M	$839.5M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$324.4M	$283.9M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$696K	$971K	10x	as long as short
Arcus HYPE-USD	+0.0100%	1h	$1.2M	$4.2M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$211K	$10K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	$44.2M	$53.7M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$97.7M	$85.6M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$44.8M	$19.7M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$227.8M	$100.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.4M	$9.9M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$29.5M	$50.9M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$427K	$957K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$665K	$2.2M	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	$111K	$578K	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	$1.9M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	$12.6M	$2.3M	50x	as long as short
Hyperliquid HYPE	+0.0101%	1h	$2.00B	$612.4M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.2M	$41.9M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$395K	$340K	20x	as long as short
Perpl HYPE	+0.0112%	43m	$31K	$350K	10x	as long as short
edgeX HYPEUSDC	+0.0113%	4h	$5.1M	$28.6M	30x	as long as short
Kalshi KXHYPEPERP	+0.0123%	8h	$1.7M	$4.7M	2.3x	as long as short
Paradex HYPE-USD-PERP	+0.0129%	8h	$337K	$287K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	$4.9M	$5.4M	50x	as long as short
01 Exchange HYPEUSD	+0.0160%	1h	$90K	$322K	20x	as long as short
Lighter HYPE	+0.0200%	1h	$18.3M	$56.7M	20x	as long as short
Reya HYPERUSDPERPshort	+0.0228%	1h	$73K	$166K	15x
Aftermath Perps HYPEUSD	+0.0315%	1h	$22K	$34K	10x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.6M	$12.3M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0352% / S −0.0173%	1h	$1.5M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0356%	1h	$23K	$256K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0385%	1h	$7.4M	$4.7M	50x	as long as short
Phoenix HYPE	+0.0386%	1h	$294K	$1.0M	10x	as long as short
Kraken Futures PF_HYPEUSD	+0.0411%	1h	$16.3M	$20.7M	50x	as long as short
Hibachi HYPE/USDT-P	+0.0608%	1h	$194K	$230K	7x	as long as short
RISEx HYPE/USDClong	+0.0620%	1h	$2.5M	$7.3M	20x
HTX HYPE-USDT	+0.0724%	4h	$1.5M	$7.0M	75x	as long as short
Bluefin HYPE-PERP	+0.6355%	1h	$73K	$190K	20x	as long as short