HYPE

Alert

Funding spread now, next payment 16:00 UTC−0.0004%/8h

paid, last 24h−0.001%paid, last 3 days+0.059%to open and closeno order book

Long on Variational Omni Short on Lighter RH

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni HYPE	94.354	0.0100	pay 0.0100% / 8h	43m 06s	$30.5M	$51.0M	—
Short	Lighter RH HYPE	94.042	0.0096	get 0.0012% / 1h	43m 06s	$3.1M	$11.3M	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee Lighter RHbpOrdersRate

Funding earned: −$0.84
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$0.84
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Lighter RH: live order book, 2 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.331%
Avg gap 7d: +0.023%

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, 3 min ago	0.44 bp	doesn't fit	7.0 bp −$70	19.7 bp −$1,966	doesn't fit
Sell Lighter RH live order book, 2 min ago	2.33 bp	7.6 bp −$8	13.3 bp −$133	46.0 bp −$4,599	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	−0.0712%	1h	$208K	$183K	7x	as long as short
Orderly PERP_HYPE_USDC	−0.0170%	4h	$171K	$392K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
BingX HYPE-USDT	−0.0032%	4h	—	$49.8M	—	as long as short
OKX HYPE-USDT-SWAP	−0.0030%	8h	$118.3M	$304.3M	50x	as long as short
Bybit HYPEUSDT	−0.0005%	8h	$327.6M	$278.2M	75x	as long as short
Perpl HYPE	0.0000%	43m	$33K	$350K	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	+0.0078%	1h	$128K	$24K	5x	as long as short
Gate HYPE_USDT	+0.0084%	4h	$44.4M	$53.8M	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	$54.4M	20x	as long as short
Lighter RH HYPEshort	+0.0096%	1h	$3.1M	$11.3M	20x
Popdex HYPEUSDT	+0.0096%	1h	$158K	$1.1M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0096%	1h	$5.0M	$5.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	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	$42.6M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	$2.05B	$576.4M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	$8.9M	$33.1M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.4M	$12.0M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$398.0M	$793.0M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$707K	$915K	10x	as long as short
Arcus HYPE-USD	+0.0100%	1h	$1.2M	$4.1M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$214K	$10K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$97.4M	$83.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$44.6M	$19.8M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$232.2M	$94.4M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.2M	$8.7M	20x	as long as short
Variational Omni HYPElong	+0.0100%	8h	$30.5M	$51.0M	—
ApeX Omni HYPEUSDT	+0.0100%	1h	$430K	$952K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$716K	$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	$465K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$579K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$70K	$190K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	$16.7M	$7.1M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	$33K	$1.5M	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	$12.7M	$2.3M	50x	as long as short
edgeX HYPEUSDC	+0.0102%	4h	$5.2M	$26.7M	30x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.5M	$39.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$400K	$347K	20x	as long as short
01 Exchange HYPEUSD	+0.0112%	1h	$84K	$305K	20x	as long as short
Aftermath Perps HYPEUSD	+0.0114%	1h	$22K	$35K	10x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0154%	1h	$7.3M	$4.6M	50x	as long as short
Kalshi KXHYPEPERP	+0.0160%	8h	$1.7M	$4.2M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0221%	1h	$74K	$168K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.8M	$12.0M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0344% / S −0.0160%	1h	$1.5M	—	100x	as long as short
Phoenix HYPE	+0.0357%	1h	$295K	$1.1M	10x	as long as short
HTX HYPE-USDT	+0.0361%	4h	$1.5M	$6.6M	75x	as long as short
RISEx HYPE/USDC	+0.0500%	1h	$2.5M	$7.2M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0606%	1h	$16.8M	$20.8M	50x	as long as short
Injective HYPE/USDC PERP	+0.1001%	1h	$24K	$319K	12x	as long as short