HYPE

Alert

Funding spread now, next payment 17:00 UTC+0.0132%/8h

paid, last 24h+0.001%paid, last 3 days−0.022%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni HYPE	93.259	0.0100	pay 0.0100% / 8h	7h 00m	$29.2M	$50.3M	—
Short	Reya HYPERUSDPERP	93.289	0.0232	get 0.0029% / 1h	0m 45s	$73K	$149K	15x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee ReyabpOrdersRate

Funding earned: $27.79
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $21.79
Break-even: 1.5 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Reya: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.032%
Avg gap 7d: +0.001%

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, 5 min ago	0.42 bp	doesn't fit	7.8 bp −$78	21.9 bp −$2,186	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
Hibachi HYPE/USDT-P	−0.0632%	1h	$196K	$232K	7x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$55K	—	150x	as long as short
Orderly PERP_HYPE_USDC	+0.0038%	4h	$170K	$354K	20x	as long as short
dYdX HYPE-USD	+0.0043%	1h	$127K	$26K	5x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0072%	1h	$7.4M	$4.3M	50x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.1M	$12.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$135K	$1.1M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	$40K	$1.8M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$6.4M	$43.4M	10x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0100%	4h	$8.9M	$35.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.4M	$12.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$391.6M	$843.8M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$326.5M	$280.5M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	$114.8M	$311.6M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$700K	$983K	10x	as long as short
Arcus HYPE-USD	+0.0100%	1h	$1.2M	$4.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$204K	$8K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	$44.1M	$55.2M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$89.9M	$89.6M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$45.8M	$19.9M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$229.5M	$99.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	—	$51.3M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.3M	$10.4M	20x	as long as short
Variational Omni HYPElong	+0.0100%	8h	$29.2M	$50.3M	—
ApeX Omni HYPEUSDT	+0.0100%	1h	$429K	$926K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$673K	$2.3M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	—	$407K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	$459K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$113K	$563K	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-USD	+0.0100%	1h	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	$12.6M	$2.4M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.1M	$41.8M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$397K	$340K	20x	as long as short
edgeX HYPEUSDC	+0.0108%	4h	$5.1M	$28.9M	30x	as long as short
Perpl HYPE	+0.0112%	43m	$31K	$342K	10x	as long as short
Kalshi KXHYPEPERP	+0.0117%	8h	$1.7M	$4.8M	2.3x	as long as short
Paradex HYPE-USD-PERP	+0.0117%	8h	$337K	$287K	20x	as long as short
Lighter HYPE	+0.0120%	1h	$18.4M	$58.3M	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	$5.0M	$5.3M	50x	as long as short
01 Exchange HYPEUSD	+0.0160%	1h	$91K	$317K	20x	as long as short
Reya HYPERUSDPERPshort	+0.0232%	1h	$73K	$149K	15x
Aftermath Perps HYPEUSD	+0.0289%	1h	$22K	$34K	10x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.4M	$11.6M	75x	as long as short
Injective HYPE/USDC PERP	+0.0356%	1h	$24K	$257K	12x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0361% / S −0.0182%	1h	$1.5M	—	100x	as long as short
Phoenix HYPE	+0.0386%	1h	$296K	$1.0M	10x	as long as short
Kraken Futures PF_HYPEUSD	+0.0409%	1h	$16.3M	$20.7M	50x	as long as short
Hyperliquid HYPE	+0.0432%	1h	$2.03B	$614.8M	10x	as long as short
RISEx HYPE/USDC	+0.0620%	1h	$2.5M	$7.0M	20x	as long as short
HTX HYPE-USDT	+0.0905%	4h	$1.5M	$7.1M	75x	as long as short
Bluefin HYPE-PERP	+0.2637%	1h	$73K	$186K	20x	as long as short