HYPE

Alert

Funding spread now, next payment 18:00 UTC+0.0511%/8h

paid, last 24h+0.015%paid, last 3 days+0.085%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.085% in total (about 10.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni HYPE	92.513	0.0100	pay 0.0100% / 8h	6h 05m	$28.7M	$48.9M	—
Short	RISEx HYPE/USDC	92.406	0.0611	get 0.0076% / 1h	5m 48s	$2.6M	$6.6M	20x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee RISExbpOrdersRate

Funding earned: $107.25
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $101.25
Break-even: 0.4 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; RISEx: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.115%
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, 5 min ago	0.42 bp	doesn't fit	7.2 bp −$72	20.6 bp −$2,060	doesn't fit
Sell RISEx live order book, 5 min ago	2.11 bp	6.8 bp −$7	9.6 bp −$96	doesn't fit	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	−0.0912%	1h	$191K	$226K	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	$54K	—	150x	as long as short
dYdX HYPE-USD	+0.0007%	1h	$126K	$26K	5x	as long as short
Injective HYPE/USDC PERP	+0.0082%	1h	$21K	$168K	12x	as long as short
01 Exchange HYPEUSD	+0.0088%	1h	$89K	$318K	20x	as long as short
Lighter HYPE	+0.0096%	1h	$18.1M	$57.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.1M	$12.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$67K	$1.2M	50x	as long as short
Orderly PERP_HYPE_USDC	+0.0097%	4h	$190K	$478K	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Katana Perps HYPE-USD	+0.0100%	8h	$11K	$1.9M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$6.4M	$43.5M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	$8.8M	$35.5M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.2M	$12.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$385.7M	$851.2M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$324.0M	$285.3M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	$113.8M	$309.8M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$694K	$977K	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	$203K	$8K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	$43.6M	$55.1M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$90.5M	$84.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$45.8M	$19.8M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$224.9M	$100.7M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	—	$53.8M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.4M	$10.8M	20x	as long as short
Variational Omni HYPElong	+0.0100%	8h	$28.7M	$48.9M	—
ApeX Omni HYPEUSDT	+0.0100%	1h	$421K	$931K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$667K	$2.3M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	$467K	$2.5M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$111K	$568K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$75K	$180K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	$16.2M	$7.2M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	$31K	$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	$12.5M	$2.3M	50x	as long as short
Vest HYPE-PERP	+0.0100%	1h	—	$407K	5x	as long as short
Kalshi KXHYPEPERP	+0.0102%	8h	$1.7M	$4.9M	2.3x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.0M	$40.9M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$392K	$335K	20x	as long as short
edgeX HYPEUSDC	+0.0110%	4h	$5.0M	$28.4M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0110%	8h	$338K	$287K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0200%	1h	$4.9M	$5.2M	50x	as long as short
Aftermath Perps HYPEUSD	+0.0221%	1h	$22K	$30K	10x	as long as short
Reya HYPERUSDPERP	+0.0238%	1h	$76K	$157K	15x	as long as short
Kraken Futures PF_HYPEUSD	+0.0260%	1h	$16.1M	$20.7M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.4M	$11.7M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0341% / S −0.0166%	1h	$1.4M	—	100x	as long as short
Phoenix HYPE	+0.0351%	1h	$219K	$984K	10x	as long as short
Perpl HYPE	+0.0447%	43m	$27K	$366K	10x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0519%	1h	$7.3M	$4.7M	50x	as long as short
RISEx HYPE/USDCshort	+0.0611%	1h	$2.6M	$6.6M	20x
HTX HYPE-USDT	+0.0737%	4h	$1.5M	$7.2M	75x	as long as short
Hyperliquid HYPE	+0.0784%	1h	$1.99B	$633.1M	10x	as long as short