HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0098%/8h= −10.7% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Variational Omni−0.112%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.112% cheaper against Variational Omni than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni HYPE	93.197	0.0100	pay 0.0100% / 8h	5h 08m	$31.4M	$53.7M	—
Short	gTrade (Gains Network) HYPE/USD	93.093	L +0.0002% / S −0.0002%	get 0.0000% / 1h	8m 08s	$62K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.112%Rate

Funding earned: −$20.53
Price spread: −0.112% → 0.000%: −$11.17
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$41.7
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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	0.46 bp	doesn't fit	7.3 bp −$73	22.4 bp −$2,242	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.0976%	1h	93.211	+0.015%	$197K	$226K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	92.930	−0.286%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0130%	1h	93.080	−0.125%	$698K	$1.0M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.082	−0.123%	$3K	$331	25x	as long as short
Aftermath Perps HYPEUSD	−0.0078%	1h	93.224	+0.029%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	93.039	−0.169%	$85K	$345K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0049%	4h	93.042	−0.166%	$154K	$654K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.148	−0.052%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.064	−0.143%	$23K	$316K	10x	as long as short
gTrade (Gains Network) HYPE/USDshort	L +0.0002% / S −0.0002%	1h	93.093	−0.112%	$62K	—	150x

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet HYPE-USD	+0.0004%	1h	93.050	−0.157%	$111K	$579K	20x	as long as short
Phemex HYPEUSDT	+0.0007%	8h	93.097	−0.107%	$12.6M	$2.7M	50x	as long as short
Aster HYPEUSDT	+0.0022%	4h	93.063	−0.143%	$8.8M	$35.9M	300x	as long as short
Phoenix HYPE	+0.0026%	1h	93.210	+0.014%	$213K	$1.2M	10x	as long as short
BingX HYPE-USDT	+0.0036%	4h	93.022	−0.188%	—	$52.9M	—	as long as short
Gate HYPE_USDT	+0.0044%	4h	93.031	−0.178%	$44.5M	$55.6M	75x	as long as short
Bybit HYPEUSDT	+0.0048%	8h	93.010	−0.200%	$319.9M	$276.7M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0074%	8h	93.001	−0.210%	$113.5M	$298.4M	50x	as long as short
Derive HYPE-PERP	+0.0087%	1h	93.019	−0.191%	$16.1M	$7.5M	10x	as long as short
Binance HYPEUSDT	+0.0095%	4h	93.008	−0.203%	$376.2M	$880.0M	75x	as long as short
Lighter HYPE	+0.0096%	1h	93.051	−0.157%	$16.2M	$62.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.049	−0.159%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.036	−0.173%	$67K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0096%	8h	93.123	−0.079%	$339K	$162K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.040	−0.168%	$24K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.047	−0.160%	$5.8M	$43.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.102	−0.102%	$2.03B	$653.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.087	−0.118%	$10.0M	$14.8M	20x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.034	−0.175%	$89.3M	$81.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.043	−0.165%	$45.8M	$18.2M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.011	−0.199%	$224.9M	$96.4M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.016	−0.194%	$7.3M	$10.0M	20x	as long as short
Variational Omni HYPElong	+0.0100%	8h	93.197	long leg	$31.4M	$53.7M	—
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.289	+0.098%	$7.5M	$46.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.125	−0.077%	$338K	$998K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.310	+0.121%	$667K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.109	−0.094%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.084	−0.121%	$470K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.017	−0.193%	$79K	$168K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.048	−0.160%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.042	−0.166%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.155	−0.045%	$203K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.015	−0.196%	$18.3M	$42.8M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.026	−0.183%	$396K	$162K	20x	as long as short
edgeX HYPEUSDC	+0.0104%	4h	93.205	+0.008%	$5.0M	$28.9M	30x	as long as short
HTX HYPE-USDT	+0.0124%	4h	93.200	+0.003%	$1.4M	$6.0M	75x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.120	−0.082%	$4.8M	$5.5M	50x	as long as short
Reya HYPERUSDPERP	+0.0259%	1h	93.037	−0.172%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0271%	8h	93.109	−0.094%	$1.9M	$5.2M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0156%	1h	93.078	−0.128%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.118	−0.085%	$16.9M	$11.5M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0416%	1h	93.152	−0.048%	$7.4M	$4.3M	50x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.137	−0.064%	$3.2M	$6.3M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.390	+0.207%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0687%	1h	93.109	−0.094%	$20.7M	$29.8M	50x	as long as short