HYPE

Alert

Funding spread now, next payment 18:00 UTC+0.0887%/8h

next payment, per $10,000+$1.11paid, last 24h+0.061%paid, last 3 days+0.181%to open and close $10k−$28

Long on 01 Exchange Short on Hyperliquid

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.181% in total (about 21.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.11 per $10,000. 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	01 Exchange HYPEUSD	93.023	0.0096	pay 0.0012% / 1h	38m 09s	$91K	$314K	20x
Short	Hyperliquid HYPE	93.041	0.0983	get 0.0123% / 1h	38m 09s	$2.02B	$619.0M	10x

Funding history

latest

Range statsloading…

Funding on every exchange

click an exchange to add or hide it

latest

Profit calculator

Position, each leg$Hold fordaysFee 01 ExchangebpFee HyperliquidbpOrdersRate

Funding earned: $186.35
Slippage, 4 orders: −$11.93
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $158.43
Break-even: 1.0 days

Slippage from 01 Exchange: live order book, 2 min ago; Hyperliquid: live order book, 7 min ago.

Price risk

price view

Price gap now: +0.019%
Avg gap 7d: +0.014%

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 01 Exchange live order book, 2 min ago	0.16 bp	10.0 bp −$10	19.2 bp −$192	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	0.05 bp	4.6 bp −$5	5.0 bp −$50	6.3 bp −$626	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	−0.1120%	1h	$194K	$227K	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
dYdX HYPE-USD	+0.0011%	1h	$127K	$26K	5x	as long as short
BingX HYPE-USDT	+0.0040%	4h	—	$52.0M	—	as long as short
Orderly PERP_HYPE_USDC	+0.0076%	4h	$194K	$456K	20x	as long as short
Injective HYPE/USDC PERP	+0.0082%	1h	$24K	$167K	12x	as long as short
Lighter HYPE	+0.0096%	1h	$18.3M	$56.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.1M	$12.0M	20x	as long as short
01 Exchange HYPEUSDlong	+0.0096%	1h	$91K	$314K	20x

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Popdex HYPEUSDT	+0.0096%	1h	$65K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	$30K	$1.8M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$6.4M	$43.3M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	$8.8M	$35.3M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.3M	$12.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$389.6M	$845.6M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$326.6M	$281.6M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	$114.3M	$310.2M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$697K	$973K	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	$44.1M	$53.8M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$91.6M	$82.4M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$45.9M	$19.8M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$227.4M	$100.9M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.6M	$10.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$28.8M	$50.0M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$426K	$927K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$669K	$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	$469K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$562K	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
edgeX HYPEUSDC	+0.0104%	4h	$5.1M	$28.4M	30x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.1M	$41.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$395K	$335K	20x	as long as short
Kalshi KXHYPEPERP	+0.0104%	8h	$1.7M	$4.9M	2.3x	as long as short
Perpl HYPE	+0.0112%	43m	$28K	$345K	10x	as long as short
Paradex HYPE-USD-PERP	+0.0112%	8h	$336K	$287K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0200%	1h	$4.9M	$5.3M	50x	as long as short
Reya HYPERUSDPERP	+0.0235%	1h	$73K	$149K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0255%	1h	$7.4M	$4.3M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0258%	1h	$16.2M	$20.5M	50x	as long as short
Aftermath Perps HYPEUSD	+0.0316%	1h	$22K	$33K	10x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.5M	$11.6M	75x	as long as short
Phoenix HYPE	+0.0351%	1h	$293K	$984K	10x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0359% / S −0.0181%	1h	$1.5M	—	100x	as long as short
Bluefin HYPE-PERP	+0.0461%	1h	$73K	$182K	20x	as long as short
RISEx HYPE/USDC	+0.0611%	1h	$2.5M	$6.7M	20x	as long as short
HTX HYPE-USDT	+0.0877%	4h	$1.5M	$7.1M	75x	as long as short
Hyperliquid HYPEshort	+0.0983%	1h	$2.02B	$619.0M	10x