HYPE

Alert

Funding spread now, next payment 16:00 UTC−0.0088%/8h

next payment, per $10,000−$0.88paid, last 24h−0.004%paid, last 3 days+0.071%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni HYPE	94.278	0.0100	pay 0.0100% / 8h	1h 04m	$31.0M	$50.5M	—
Short	Bybit HYPEUSDT	94.260	0.0012	get 0.0012% / 8h	1h 04m	$328.0M	$279.7M	75x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee BybitbpOrdersRate

Funding earned: −$18.38
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$29.38
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Bybit: live order book, 6 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.019%
Avg gap 7d: +0.009%

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 Variational Omni RFQ quote, 1 min ago	0.42 bp	doesn't fit	6.8 bp −$68	19.8 bp −$1,982	doesn't fit
Sell Bybit live order book, 6 min ago	0.53 bp	6.5 bp −$7	9.3 bp −$93	19.0 bp −$1,904	41.9 bp −$20.9K

HYPE on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.0616%	1h	$203K	$179K	7x	as long as short
Kraken Futures PF_HYPEUSD	−0.0293%	1h	$16.9M	$20.5M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0225%	4h	$168K	$406K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
BingX HYPE-USDT	−0.0060%	4h	—	$49.5M	—	as long as short
OKX HYPE-USDT-SWAP	−0.0055%	8h	$118.4M	$301.9M	50x	as long as short
Arcus HYPE-USD	−0.0018%	1h	$1.2M	$4.1M	10x	as long as short
Perpl HYPE	0.0000%	43m	$33K	$347K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$33K	—	150x	as long as short
Bybit HYPEUSDTshort	+0.0012%	8h	$328.0M	$279.7M	75x

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Coinbase International HYPE-PERP-INTX	+0.0032%	1h	$5.0M	$5.2M	50x	as long as short
Gate HYPE_USDT	+0.0050%	4h	$44.4M	$55.5M	75x	as long as short
dYdX HYPE-USD	+0.0053%	1h	$128K	$23K	5x	as long as short
Phemex HYPEUSDT	+0.0067%	8h	$12.8M	$2.2M	50x	as long as short
Lighter HYPE	+0.0096%	1h	$18.9M	$54.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.1M	$11.4M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$131K	$1.1M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0098%	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	$42.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	$2.05B	$559.8M	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	$399.1M	$779.9M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$706K	$907K	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$214K	$10K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$94.8M	$83.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$44.6M	$19.7M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$233.7M	$92.3M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.1M	$8.5M	20x	as long as short
Variational Omni HYPElong	+0.0100%	8h	$31.0M	$50.5M	—
ApeX Omni HYPEUSDT	+0.0100%	1h	$423K	$943K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$723K	$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	$113K	$579K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$70K	$192K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	$16.8M	$7.1M	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
edgeX HYPEUSDC	+0.0103%	4h	$5.2M	$26.0M	30x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.5M	$38.7M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$401K	$342K	20x	as long as short
Aftermath Perps HYPEUSD	+0.0120%	1h	$22K	$35K	10x	as long as short
01 Exchange HYPEUSD	+0.0120%	1h	$85K	$293K	20x	as long as short
RISEx HYPE/USDC	+0.0120%	1h	$2.6M	$7.2M	20x	as long as short
Phoenix HYPE	+0.0152%	1h	$297K	$1.0M	10x	as long as short
Kalshi KXHYPEPERP	+0.0163%	8h	$1.7M	$4.1M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0218%	1h	$74K	$174K	15x	as long as short
HTX HYPE-USDT	+0.0294%	4h	$1.5M	$6.5M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0322%	1h	$7.4M	$4.5M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.9M	$12.0M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0345% / S −0.0159%	1h	$1.5M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0375%	1h	$24K	$260K	12x	as long as short