HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0098%/8h= −10.7% APRnext payment −$0.12 per $10,000 · paid last 24h −0.043%

Price spread now: gTrade (Gains Network) against Bluefin+0.043%7-day average — · you sell dearer than you buy

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

Long on Bluefin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.043% dearer against Bluefin than usual: you sell high and buy low (spread +0.043% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin HYPE-PERP	92.821	0.0100	pay 0.0013% / 1h	4m 06s	$79K	$169K	20x
Short	gTrade (Gains Network) HYPE/USD	92.861	L +0.0002% / S −0.0002%	get 0.0000% / 1h	4m 06s	$62K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bluefin. 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 BluefinbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.043%Rate

Funding earned: −$20.53
Price spread: +0.043% → 0.000%: $4.29
Slippage, 4 orders: no order book: not counted
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$33.24
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bluefin: live order book, 60 min ago; gTrade (Gains Network): 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 Bluefin live order book, 60 min ago	4.82 bp	16.7 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Arcus HYPE-USD	−0.0899%	1h	92.708	−0.122%	$1.2M	$3.8M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0896%	1h	92.844	+0.024%	$195K	$227K	7x	as long as short
Ondo Perps HYPE-USD.P	−0.0129%	1h	92.760	−0.066%	$698K	$1.0M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0091%	1h	93.018	+0.212%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.841	+0.022%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0064%	1h	92.787	−0.037%	$86K	$348K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0055%	4h	92.815	−0.006%	$158K	$658K	20x	as long as short
Bullet HYPE-USD	−0.0002%	1h	92.826	+0.005%	$111K	$579K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.903	+0.088%	$127K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.818	−0.004%	$23K	$309K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0001%	4h	92.865	+0.048%	$8.8M	$36.0M	300x	as long as short
gTrade (Gains Network) HYPE/USDshort	L +0.0002% / S −0.0002%	1h	92.861	+0.043%	$62K	—	150x
Phemex HYPEUSDT	+0.0023%	8h	92.879	+0.062%	$12.5M	$2.7M	50x	as long as short
Phoenix HYPE	+0.0026%	1h	93.003	+0.196%	$212K	$1.2M	10x	as long as short
BingX HYPE-USDT	+0.0038%	4h	92.890	+0.074%	—	$53.1M	—	as long as short
Bybit HYPEUSDT	+0.0044%	8h	92.882	+0.066%	$319.5M	$277.2M	75x	as long as short
Gate HYPE_USDT	+0.0044%	4h	92.874	+0.057%	$44.4M	$55.9M	75x	as long as short
Derive HYPE-PERP	+0.0067%	1h	92.818	−0.003%	$16.1M	$7.5M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0071%	8h	92.878	+0.061%	$113.2M	$299.0M	50x	as long as short
MEXC HYPE_USDT	+0.0086%	4h	92.884	+0.068%	$88.7M	$81.5M	100x	as long as short
Binance HYPEUSDT	+0.0086%	4h	92.878	+0.061%	$375.7M	$882.9M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	92.863	+0.046%	$339K	$163K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.906	+0.092%	$16.1M	$62.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.898	+0.083%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	92.811	−0.011%	$67K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	92.800	−0.023%	$20K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.827	+0.007%	$5.8M	$43.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.937	+0.125%	$2.03B	$654.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.857	+0.039%	$10.0M	$14.8M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.906	+0.092%	$46.0M	$18.2M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.887	+0.071%	$224.5M	$96.5M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.867	+0.050%	$7.4M	$10.0M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.797	−0.026%	$31.2M	$53.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.172	+0.378%	$7.5M	$46.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.081	+0.280%	$338K	$998K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.886	+0.070%	$664K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.860	+0.042%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.865	+0.047%	$469K	$2.5M	20x	as long as short
Bluefin HYPE-PERPlong	+0.0100%	1h	92.821	long leg	$79K	$169K	20x
SunX HYPE-USDT	+0.0100%	4h	92.921	+0.108%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.891	+0.075%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.810	−0.012%	$202K	$13K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.842	+0.022%	$18.3M	$42.9M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.866	+0.049%	$395K	$162K	20x	as long as short
edgeX HYPEUSDC	+0.0108%	4h	92.971	+0.161%	$5.0M	$29.0M	30x	as long as short
HTX HYPE-USDT	+0.0108%	4h	93.023	+0.218%	$1.4M	$6.1M	75x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	92.920	+0.107%	$4.7M	$5.5M	50x	as long as short
Reya HYPERUSDPERP	+0.0259%	1h	92.816	−0.005%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0267%	8h	92.902	+0.087%	$1.9M	$5.2M	2.3x	as long as short
BloFin HYPE-USDT	+0.0326%	4h	92.824	+0.003%	$16.9M	$11.4M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0156%	1h	92.858	+0.040%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0460%	1h	92.983	+0.175%	$7.4M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	92.921	+0.107%	$3.2M	$6.3M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.390	+0.613%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0688%	1h	92.955	+0.144%	$20.7M	$30.0M	50x	as long as short