HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0087%/8h= −9.5% APRnext payment −$0.43 per $10,000 · paid last 24h −0.029%

Price spread now: Orderly against Bitget−0.057%7-day average +0.016% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$11 on $10k

Price spread, last 3 days (all we have)+0.082%+$8 · spread now −0.057%, 7d avg +0.016%

Together, before fees−0.023%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.073% cheaper against Bitget than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.016%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HYPEUSDT	94.130	0.0100	pay 0.0050% / 4h	49m 47s	$228.0M	$102.6M	75x
Short	Orderly PERP_HYPE_USDC	94.076	0.0013	get 0.0007% / 4h	49m 47s	$176K	$526K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee OrderlybpOrdersPrice spread, now −0.057%Rate

Funding earned: −$18.18
Price spread: −0.057% → +0.016%: −$7.34
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$43.52
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

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 Bitget live order book, 4 min ago	0.05 bp	9.6 bp −$10	12.2 bp −$122	15.1 bp −$1,506	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.0608%	1h	94.035	−0.101%	$199K	$230K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0456%	1h	93.938	−0.204%	$22K	$22K	10x	as long as short
Arcus HYPE-USD	−0.0233%	1h	94.004	−0.134%	$1.2M	$3.8M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.110	−0.021%	$3K	$331	25x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.092	−0.040%	$128K	$30K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.113	−0.018%	$23K	$329K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.078	−0.055%	$27K	—	150x	as long as short
Phoenix HYPE	+0.0009%	1h	94.035	−0.101%	$215K	$1.2M	10x	as long as short
Orderly PERP_HYPE_USDCshort	+0.0013%	4h	94.076	−0.057%	$176K	$526K	20x
Bybit HYPEUSDT	+0.0021%	8h	94.100	−0.032%	$324.8M	$281.4M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0037%	4h	94.121	−0.010%	$8.9M	$35.8M	300x	as long as short
Ondo Perps HYPE-USD.P	+0.0037%	1h	94.020	−0.117%	$704K	$908K	10x	as long as short
Phemex HYPEUSDT	+0.0065%	8h	94.047	−0.088%	$12.8M	$2.6M	50x	as long as short
Gate HYPE_USDT	+0.0072%	4h	94.113	−0.018%	$44.3M	$58.0M	75x	as long as short
edgeX HYPEUSDC	+0.0073%	4h	93.924	−0.218%	$5.1M	$29.7M	30x	as long as short
MEXC HYPE_USDT	+0.0074%	4h	94.100	−0.032%	$88.5M	$80.9M	100x	as long as short
Binance HYPEUSDT	+0.0077%	4h	94.115	−0.016%	$386.7M	$888.9M	75x	as long as short
Derive HYPE-PERP	+0.0082%	1h	94.015	−0.123%	$16.5M	$6.9M	10x	as long as short
01 Exchange HYPEUSD	+0.0088%	1h	94.109	−0.022%	$86K	$364K	20x	as long as short
Lighter HYPE	+0.0096%	1h	94.172	+0.045%	$19.1M	$59.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.157	+0.029%	$3.1M	$12.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.094	−0.038%	$64K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	94.066	−0.068%	$400K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.125	−0.005%	$342K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.100	−0.032%	$29K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.093	−0.039%	$5.9M	$44.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.114	−0.017%	$10.2M	$14.5M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.111	−0.020%	$116.0M	$317.6M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.095	−0.037%	$205K	$7K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.107	−0.024%	$47.3M	$18.4M	75x	as long as short
Bitget HYPEUSDTlong	+0.0100%	4h	94.130	long leg	$228.0M	$102.6M	75x
BingX HYPE-USDT	+0.0100%	4h	94.111	−0.020%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.087	−0.046%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.073	−0.060%	$32.2M	$53.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.938	−0.204%	$7.6M	$45.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.072	−0.062%	$335K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.098	−0.034%	$680K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.141	+0.011%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.130	0.000%	$485K	$2.5M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	94.055	−0.080%	$113K	$578K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.049	−0.086%	$76K	$166K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.078	−0.055%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.056	−0.079%	$2.0M	$2.0M	10x	as long as short
Injective HYPE/USDC PERP	+0.0104%	1h	94.050	−0.085%	$31K	$338K	12x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.087	−0.046%	$18.7M	$42.1M	50x	as long as short
Kalshi KXHYPEPERP	+0.0124%	8h	94.129	−0.001%	$1.9M	$5.0M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0152%	1h	94.120	−0.011%	$4.9M	$5.7M	50x	as long as short
HTX HYPE-USDT	+0.0229%	4h	94.242	+0.119%	$1.5M	$7.7M	75x	as long as short
Reya HYPERUSDPERP	+0.0248%	1h	94.065	−0.069%	$77K	$142K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0281%	1h	94.156	+0.028%	$7.4M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0284%	1h	94.144	+0.015%	$2.8M	$6.8M	20x	as long as short
BloFin HYPE-USDT	+0.0303%	4h	94.097	−0.035%	$17.0M	$12.4M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0340% / S −0.0165%	1h	94.070	−0.063%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0576%	1h	94.176	+0.049%	$21.1M	$29.0M	50x	as long as short
Hyperliquid HYPE	+0.0723%	1h	94.212	+0.087%	$2.05B	$666.8M	10x	as long as short