HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0065%/8h= +7.1% APRnext payment +$0.08 per $10,000 · paid last 24h +0.020%

Price spread now: Bluefin against gTrade (Gains Network)−0.068%7-day average −0.015% · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Bluefin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.050%+$5 on $10k

Price spread, last 4 days (all we have)−0.348%−$35 · spread now −0.068%, 7d avg −0.015%

Together, before fees−0.298%−$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bluefin is 0.053% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of −0.015%). If the spread goes back, that is −$5 on $10k: about 2.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) HYPE/USD	94.975	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	47m 04s	$99K	—	150x
Short	Bluefin HYPE-PERP	94.911	0.0067	get 0.0008% / 1h	47m 04s	$79K	$135K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bluefin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BluefinbpOrdersPrice spread, now −0.068%Rate

Funding earned: $13.7
Price spread: −0.068% → −0.015%: −$5.29
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bluefin: 3.5 bp × 2 orders: −$7
Net: −$8.59
Costs to cover: 0.170%
Break-even: 11.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bluefin: live order book, 65 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Bluefin live order book, 65 min ago	5.06 bp	17.1 bp −$17	doesn't fit	doesn't fit	doesn't fit

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 54 exchanges

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	−0.0968%	1h	94.937	−0.040%	$220K	$269K	7x	as long as short
Phemex HYPEUSDT	−0.0253%	8h	94.982	+0.007%	$12.9M	$2.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	−0.0252%	1h	94.937	−0.041%	$18.5M	$35.2M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0194%	1h	94.910	−0.069%	$689K	$1.2M	10x	as long as short
Lighter HYPE	−0.0192%	1h	94.934	−0.044%	$16.3M	$57.6M	20x	as long as short
01 Exchange HYPEUSD	−0.0136%	1h	94.923	−0.055%	$99K	$342K	20x	as long as short
Arcus HYPE-USD	−0.0130%	1h	94.922	−0.056%	$1.1M	$2.4M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0118%	1h	95.116	+0.148%	$22K	$17K	10x	as long as short
Gate HYPE_USDT	−0.0098%	4h	94.964	−0.012%	$54.8M	$53.2M	75x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.191	+0.227%	$3K	$331	25x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni HYPEUSDT	−0.0068%	1h	95.141	+0.174%	$342K	$887K	50x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0056%	1h	94.910	−0.069%	$4.7M	$5.5M	50x	as long as short
Aster HYPEUSDT	−0.0054%	4h	94.983	+0.008%	$8.9M	$32.7M	300x	as long as short
Popdex HYPEUSDT	−0.0048%	1h	94.924	−0.054%	$273K	$1.0M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0047%	4h	94.888	−0.092%	$147K	$643K	20x	as long as short
Bullet HYPE-USD	−0.0037%	1h	94.924	−0.054%	$113K	$581K	20x	as long as short
OKX HYPE-USDT-SWAP	−0.0015%	8h	94.997	+0.023%	$119.0M	$303.0M	50x	as long as short
Phoenix HYPE	−0.0008%	1h	94.963	−0.013%	$199K	$1.1M	10x	as long as short
SoDEX HYPE-USD	0.0000%	1h	94.925	−0.053%	$2.1M	$339K	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.991	+0.016%	$129K	$94K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.949	−0.028%	$24K	$250K	10x	as long as short
Deribit HYPE_USDC-PERPETUAL	0.0000%	1h	95.011	+0.037%	$7.5M	$4.3M	50x	as long as short
gTrade (Gains Network) HYPE/USDlong	L +0.0002% / S −0.0001%	1h	94.975	long leg	$99K	—	150x
Bitget HYPEUSDT	+0.0014%	4h	95.010	+0.036%	$228.4M	$86.8M	75x	as long as short
Bybit HYPEUSDT	+0.0017%	8h	95.010	+0.036%	$319.9M	$264.8M	75x	as long as short
StandX HYPE-USD	+0.0067%	1h	95.057	+0.086%	$691K	$2.7M	20x	as long as short
Bluefin HYPE-PERPshort	+0.0067%	1h	94.911	−0.068%	$79K	$135K	20x
Binance HYPEUSDT	+0.0069%	4h	95.002	+0.028%	$381.8M	$850.2M	75x	as long as short
edgeX HYPEUSDC	+0.0072%	4h	95.113	+0.144%	$5.1M	$29.2M	30x	as long as short
Bulk HYPE-USD	+0.0074%	1h	95.269	+0.309%	$232K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0076%	4h	94.925	−0.053%	$89.9M	$83.5M	100x	as long as short
Paradex HYPE-USD-PERP	+0.0077%	8h	94.959	−0.018%	$339K	$30K	20x	as long as short
BingX HYPE-USDT	+0.0092%	4h	94.964	−0.012%	—	$49.0M	—	as long as short
Lighter RH HYPE	+0.0096%	1h	94.942	−0.035%	$3.4M	$10.1M	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	94.890	−0.090%	$39K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.955	−0.022%	$7.3M	$51.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.088	+0.119%	$2.11B	$646.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.991	+0.016%	$10.2M	$13.2M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.921	−0.057%	$47.2M	$17.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	95.000	+0.026%	$7.3M	$10.8M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.111	+0.142%	$30.0M	$53.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.984	+0.009%	$7.7M	$38.7M	10x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.992	+0.017%	—	$80K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.957	−0.019%	$504K	$2.5M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.986	+0.011%	$32K	$1.4M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.054	+0.083%	$1.4M	$5.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.971	−0.005%	$18.4M	$39.8M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.901	−0.079%	$401K	$130K	20x	as long as short
Kalshi KXHYPEPERP	+0.0125%	8h	95.030	+0.057%	$1.8M	$5.1M	2.3x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	94.932	−0.046%	$3.2M	$5.5M	20x	as long as short
Reya HYPERUSDPERP	+0.0269%	1h	94.908	−0.071%	$85K	$92K	15x	as long as short
BloFin HYPE-USDT	+0.0307%	4h	94.897	−0.083%	$17.3M	$11.4M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	94.960	−0.017%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0969%	1h	95.500	+0.552%	$31K	$334K	12x	as long as short