HYPE

Alert

Funding spread now, next payment 16:00 UTC+0.0041%/8h

paid, last 24h+0.003%paid, last 3 days+0.051%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest HYPE-PERP	93.204	0.0100	pay 0.0013% / 1h	26m 55s	—	$407K	5x
Short	Kalshi KXHYPEPERP	93.201	0.0141	get 0.0141% / 8h	4h 26m	$1.6M	$4.5M	2.3x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee VestbpFee KalshibpOrdersRate

Funding earned: $8.67
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$3.33
Break-even: 9.7 days

Slippage unknown: Vest: no order-book sample; Kalshi: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.003%
Avg gap 7d: +0.040%

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 Kalshi live order book, 3 min ago	3.65 bp	9.6 bp −$10	11.4 bp −$114	18.9 bp −$1,887	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	−0.0296%	1h	$207K	$199K	7x	as long as short
Orderly PERP_HYPE_USDC	−0.0137%	4h	$169K	$376K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
BingX HYPE-USDT	−0.0014%	4h	—	$51.8M	—	as long as short
OKX HYPE-USDT-SWAP	−0.0010%	8h	$115.8M	$313.4M	50x	as long as short
Bybit HYPEUSDT	−0.0009%	8h	$325.9M	$285.2M	75x	as long as short
Perpl HYPE	0.0000%	43m	$32K	$341K	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	+0.0061%	1h	$127K	$26K	5x	as long as short
Gate HYPE_USDT	+0.0078%	4h	$44.3M	$55.1M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter HYPE	+0.0096%	1h	$18.5M	$57.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.2M	$11.8M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$153K	$1.1M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0096%	1h	$4.9M	$5.3M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	$20K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$5.6M	$42.7M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	$8.9M	$35.7M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.3M	$12.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$395.1M	$824.0M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$698K	$976K	10x	as long as short
Arcus HYPE-USD	+0.0100%	1h	$1.2M	$4.2M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$212K	$10K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$95.8M	$85.6M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$43.7M	$20.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$229.0M	$100.5M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.3M	$9.0M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$29.7M	$52.3M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$425K	$967K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$706K	$2.1M	20x	as long as short
Vest HYPE-PERPlong	+0.0100%	1h	—	$407K	5x
Polymarket Perps HYPE-USD	+0.0100%	1h	$461K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$111K	$579K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$73K	$197K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	$16.4M	$7.1M	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	$1.9M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	$12.6M	$2.3M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.2M	$41.9M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$396K	$340K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0107%	8h	$336K	$288K	20x	as long as short
edgeX HYPEUSDC	+0.0111%	4h	$5.1M	$27.6M	30x	as long as short
01 Exchange HYPEUSD	+0.0120%	1h	$84K	$300K	20x	as long as short
Aftermath Perps HYPEUSD	+0.0132%	1h	$22K	$34K	10x	as long as short
Kalshi KXHYPEPERPshort	+0.0141%	8h	$1.6M	$4.5M	2.3x
Hyperliquid HYPE	+0.0163%	1h	$2.02B	$604.0M	10x	as long as short
Reya HYPERUSDPERP	+0.0223%	1h	$73K	$168K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$18.0M	$12.4M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0345% / S −0.0162%	1h	$1.5M	—	100x	as long as short
Phoenix HYPE	+0.0357%	1h	$294K	$1.1M	10x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0372%	1h	$7.3M	$4.6M	50x	as long as short
HTX HYPE-USDT	+0.0409%	4h	$1.5M	$6.7M	75x	as long as short
RISEx HYPE/USDC	+0.0500%	1h	$2.5M	$7.3M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0611%	1h	$16.4M	$21.4M	50x	as long as short
Injective HYPE/USDC PERP	+0.1001%	1h	$23K	$320K	12x	as long as short