HYPE

Alert

Funding spread now, next payment 16:00 UTC−0.0388%/8h

next payment, per $10,000−$0.48paid, last 24h−0.039%paid, last 3 days−0.098%to open and close $10k−$26

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.098% in total (about -11.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.48 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	93.195	0.0500	pay 0.0062% / 1h	32m 08s	$2.5M	$7.3M	20x
Short	01 Exchange HYPEUSD	93.047	0.0112	get 0.0014% / 1h	32m 08s	$84K	$313K	20x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee 01 ExchangebpOrdersRate

Funding earned: −$81.44
Slippage, 4 orders: −$13.35
Fee RISEx: 3 bp × 2 orders: −$6
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$107.8
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; 01 Exchange: live order book, 18 min ago.

Price risk

price view

Price gap now: −0.159%
Avg gap 7d: +0.020%

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, 3 min ago	1.60 bp	4.6 bp −$5	7.4 bp −$74	doesn't fit	doesn't fit
Sell 01 Exchange live order book, 18 min ago	0.42 bp	8.3 bp −$8	16.8 bp −$168	doesn't fit	doesn't fit

HYPE on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.0464%	1h	$208K	$197K	7x	as long as short
Orderly PERP_HYPE_USDC	−0.0148%	4h	$169K	$375K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
BingX HYPE-USDT	−0.0022%	4h	—	$51.6M	—	as long as short
OKX HYPE-USDT-SWAP	−0.0016%	8h	$115.7M	$311.0M	50x	as long as short
Bybit HYPEUSDT	−0.0008%	8h	$324.8M	$284.1M	75x	as long as short
Perpl HYPE	0.0000%	43m	$31K	$344K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$33K	—	150x	as long as short
dYdX HYPE-USD	+0.0048%	1h	$127K	$26K	5x	as long as short
Gate HYPE_USDT	+0.0066%	4h	$44.1M	$54.8M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter HYPE	+0.0096%	1h	$18.6M	$57.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.2M	$11.8M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$157K	$1.1M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0096%	1h	$4.9M	$5.3M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	$9K	$1.7M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	$336K	$288K	20x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$5.6M	$42.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	$2.02B	$600.0M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	$8.5M	$34.6M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.4M	$12.1M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$393.9M	$818.1M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$702K	$973K	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	$212K	$10K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$94.5M	$85.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$44.0M	$20.0M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$229.6M	$96.9M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.3M	$9.0M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$30.1M	$51.5M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$427K	$958K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$707K	$2.1M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	—	$407K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	$462K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$111K	$580K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$72K	$197K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	$16.5M	$7.1M	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
Extended HYPE-USD	+0.0104%	1h	$18.2M	$41.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$396K	$340K	20x	as long as short
edgeX HYPEUSDC	+0.0106%	4h	$5.2M	$27.1M	30x	as long as short
01 Exchange HYPEUSDshort	+0.0112%	1h	$84K	$313K	20x
Kalshi KXHYPEPERP	+0.0148%	8h	$1.6M	$4.5M	2.3x	as long as short
Aftermath Perps HYPEUSD	+0.0170%	1h	$22K	$34K	10x	as long as short
Reya HYPERUSDPERP	+0.0222%	1h	$73K	$168K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0318%	1h	$7.3M	$4.6M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.9M	$12.3M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0344% / S −0.0161%	1h	$1.5M	—	100x	as long as short
Phoenix HYPE	+0.0357%	1h	$297K	$1.1M	10x	as long as short
HTX HYPE-USDT	+0.0388%	4h	$1.5M	$6.7M	75x	as long as short
RISEx HYPE/USDClong	+0.0500%	1h	$2.5M	$7.3M	20x
Kraken Futures PF_HYPEUSD	+0.0611%	1h	$16.5M	$21.3M	50x	as long as short
Injective HYPE/USDC PERP	+0.1001%	1h	$24K	$320K	12x	as long as short