HYPE

Alert

Funding spread now, next payment 17:00 UTC+0.0070%/8h

next payment, per $10,000+$0.09paid, last 24h+0.014%paid, last 3 days+0.055%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX HYPE-USD	93.100	0.0100	pay 0.0013% / 1h	40m 50s	$2.0M	$1.9M	10x
Short	GMX HYPE/USD [WBTC.b-USDC]	93.068	L +0.0352% / S −0.0170%	get 0.0021% / 1h	40m 50s	$1.5M	—	100x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee GMXbpOrdersRate

Funding earned: $14.65
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$5.35
Break-even: 9.6 days

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

Price risk

price view

Price gap now: −0.035%
Avg gap 7d: +0.017%

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 SoDEX live order book, 4 min ago	0.05 bp	7.0 bp −$7	12.8 bp −$128	95.6 bp −$9,563	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.0041%	4h	$170K	$380K	20x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$18K	—	150x	as long as short
dYdX HYPE-USD	+0.0034%	1h	$127K	$26K	5x	as long as short
BingX HYPE-USDT	+0.0040%	4h	—	$52.2M	—	as long as short
OKX HYPE-USDT-SWAP	+0.0064%	8h	$115.2M	$312.4M	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	$35K	$1.8M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$5.6M	$42.8M	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	$393.6M	$839.0M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$325.2M	$284.5M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$698K	$975K	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	$44.3M	$53.6M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$96.9M	$85.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$44.9M	$19.7M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$228.1M	$100.6M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.2M	$9.6M	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	$429K	$957K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$668K	$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	$467K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$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-USDlong	+0.0100%	1h	$2.0M	$1.9M	10x
Phemex HYPEUSDT	+0.0100%	8h	$12.6M	$2.3M	50x	as long as short
edgeX HYPEUSDC	+0.0103%	4h	$5.1M	$28.5M	30x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.2M	$42.0M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$396K	$340K	20x	as long as short
Perpl HYPE	+0.0112%	43m	$31K	$349K	10x	as long as short
Kalshi KXHYPEPERP	+0.0127%	8h	$1.7M	$4.8M	2.3x	as long as short
Hyperliquid HYPE	+0.0130%	1h	$2.00B	$616.7M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0131%	8h	$337K	$287K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	$5.0M	$5.4M	50x	as long as short
01 Exchange HYPEUSD	+0.0160%	1h	$90K	$323K	20x	as long as short
Reya HYPERUSDPERP	+0.0228%	1h	$73K	$166K	15x	as long as short
Lighter HYPE	+0.0232%	1h	$18.4M	$56.6M	20x	as long as short
Aftermath Perps HYPEUSD	+0.0305%	1h	$22K	$35K	10x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0308%	1h	$7.4M	$4.7M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.6M	$12.4M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]short	L +0.0352% / S −0.0170%	1h	$1.5M	—	100x
Injective HYPE/USDC PERP	+0.0356%	1h	$23K	$256K	12x	as long as short
Phoenix HYPE	+0.0386%	1h	$295K	$1.0M	10x	as long as short
Kraken Futures PF_HYPEUSD	+0.0409%	1h	$16.4M	$20.7M	50x	as long as short
RISEx HYPE/USDC	+0.0620%	1h	$2.5M	$7.3M	20x	as long as short
Hibachi HYPE/USDT-P	+0.0672%	1h	$195K	$230K	7x	as long as short
HTX HYPE-USDT	+0.0719%	4h	$1.5M	$7.0M	75x	as long as short
Bluefin HYPE-PERP	+0.6014%	1h	$74K	$190K	20x	as long as short