HYPE

Alert

Funding spread now, next payment 17:00 UTC+0.0100%/8h

next payment, per $10,000+$0.13paid, last 24h−0.013%paid, last 3 days+0.138%to open and closeno order book

Long on Vest Short on Coinbase International

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest HYPE-PERP	92.561	0.0100	pay 0.0013% / 1h	10m 17s	—	$407K	5x
Short	Coinbase International HYPE-PERP-INTX	92.590	0.0200	get 0.0025% / 1h	10m 17s	$4.9M	$5.3M	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee VestbpFee Coinbase InternationalbpOrdersRate

Funding earned: $21
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $9
Break-even: 4.0 days

Slippage unknown: Vest: no order-book sample; Coinbase International: live order book, 5 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.031%
Avg gap 7d: −0.020%

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 Vest no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 5 min ago	0.54 bp	8.6 bp −$9	14.1 bp −$141	33.2 bp −$3,323	doesn't fit

Vest: 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	−0.1008%	1h	$193K	$224K	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
BingX HYPE-USDT	+0.0052%	4h	—	$53.5M	—	as long as short
Injective HYPE/USDC PERP	+0.0082%	1h	$21K	$168K	12x	as long as short
01 Exchange HYPEUSD	+0.0088%	1h	$90K	$316K	20x	as long as short
Lighter HYPE	+0.0096%	1h	$18.2M	$57.7M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.1M	$12.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$66K	$1.2M	50x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Orderly PERP_HYPE_USDC	+0.0097%	4h	$187K	$465K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	$18K	$1.8M	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	$35.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.3M	$12.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$387.5M	$848.9M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$325.0M	$284.1M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	$114.1M	$309.5M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$696K	$975K	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	$54.8M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$90.3M	$83.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$45.7M	$19.7M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$225.8M	$100.3M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.5M	$10.8M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$28.7M	$48.9M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$428K	$927K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$667K	$2.3M	20x	as long as short
Vest HYPE-PERPlong	+0.0100%	1h	—	$407K	5x
Polymarket Perps HYPE-USD	+0.0100%	1h	$480K	$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	$74K	$178K	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	$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	$12.5M	$2.3M	50x	as long as short
edgeX HYPEUSDC	+0.0100%	4h	$5.1M	$28.4M	30x	as long as short
Kalshi KXHYPEPERP	+0.0104%	8h	$1.7M	$5.0M	2.3x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.1M	$40.9M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$394K	$335K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0111%	8h	$339K	$287K	20x	as long as short
Coinbase International HYPE-PERP-INTXshort	+0.0200%	1h	$4.9M	$5.3M	50x
Aftermath Perps HYPEUSD	+0.0234%	1h	$22K	$31K	10x	as long as short
Reya HYPERUSDPERP	+0.0237%	1h	$79K	$155K	15x	as long as short
Kraken Futures PF_HYPEUSD	+0.0259%	1h	$16.2M	$20.6M	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	$295K	$984K	10x	as long as short
Perpl HYPE	+0.0447%	43m	$27K	$362K	10x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0496%	1h	$7.3M	$4.6M	50x	as long as short
RISEx HYPE/USDC	+0.0611%	1h	$2.6M	$6.6M	20x	as long as short
HTX HYPE-USDT	+0.0765%	4h	$1.5M	$7.2M	75x	as long as short
Hyperliquid HYPE	+0.0839%	1h	$2.00B	$632.0M	10x	as long as short