HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.029%

Price spread now: Variational Omni against gTrade (Gains Network)+0.003%7-day average −0.036% · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.108%+$11 on $10k

Price spread, last 4 days (all we have)−0.387%−$39 · spread now +0.003%, 7d avg −0.036%

Together, before fees−0.279%+ Points / potential airdropVariational Omni: Active · farm board−$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Variational Omni is 0.039% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) HYPE/USD	95.248	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	53m 47s	$100K	—	150x
Short	Variational Omni HYPE	95.251	0.0100	get 0.0100% / 8h	5h 53m	$30.0M	$53.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.003%Rate

Funding earned: $20.62
Price spread: +0.003% → −0.036%: $3.92
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $14.54
Costs to cover: 0.100%
Break-even: 2.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Variational Omni: RFQ quote, 3 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 Variational Omni RFQ quote, 3 min ago	0.44 bp	doesn't fit	8.4 bp −$84	29.6 bp −$2,956	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	−0.1272%	1h	95.275	+0.029%	$213K	$261K	7x	as long as short
Phemex HYPEUSDT	−0.0283%	8h	95.208	−0.042%	$13.0M	$2.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	−0.0251%	1h	95.218	−0.031%	$18.5M	$35.2M	50x	as long as short
Bullet HYPE-USD	−0.0146%	1h	95.222	−0.027%	$114K	$581K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0135%	1h	95.258	+0.011%	$22K	$17K	10x	as long as short
Arcus HYPE-USD	−0.0130%	1h	95.220	−0.029%	$1.1M	$2.4M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0124%	1h	95.160	−0.092%	$690K	$1.3M	10x	as long as short
Lighter HYPE	−0.0096%	1h	95.147	−0.105%	$16.3M	$57.5M	20x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	95.218	−0.031%	$92K	$337K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.191	−0.059%	$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
Gate HYPE_USDT	−0.0072%	4h	95.180	−0.071%	$54.7M	$53.1M	75x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0056%	1h	95.250	+0.003%	$4.7M	$5.6M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0040%	4h	95.180	−0.071%	$148K	$643K	20x	as long as short
Aster HYPEUSDT	−0.0031%	4h	95.163	−0.089%	$9.0M	$32.9M	300x	as long as short
OKX HYPE-USDT-SWAP	−0.0011%	8h	95.146	−0.107%	$119.2M	$303.0M	50x	as long as short
dYdX HYPE-USD	0.0000%	1h	95.259	+0.012%	$129K	$94K	5x	as long as short
Perpl HYPE	0.0000%	43m	95.197	−0.053%	$24K	$251K	10x	as long as short
gTrade (Gains Network) HYPE/USDlong	L +0.0002% / S −0.0001%	1h	95.248	long leg	$100K	—	150x
Deribit HYPE_USDC-PERPETUAL	+0.0012%	1h	95.297	+0.052%	$7.5M	$4.3M	50x	as long as short
Phoenix HYPE	+0.0017%	1h	95.333	+0.090%	$201K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0020%	4h	95.178	−0.073%	$228.8M	$86.9M	75x	as long as short
Popdex HYPEUSDT	+0.0024%	1h	95.218	−0.031%	$274K	$1.0M	50x	as long as short
Bybit HYPEUSDT	+0.0032%	8h	95.161	−0.091%	$320.6M	$266.4M	75x	as long as short
SoDEX HYPE-USD	+0.0049%	1h	95.202	−0.048%	$2.1M	$373K	10x	as long as short
Bulk HYPE-USD	+0.0074%	1h	95.269	+0.022%	$232K	$12K	10x	as long as short
Paradex HYPE-USD-PERP	+0.0075%	8h	95.170	−0.082%	$340K	$35K	20x	as long as short
Binance HYPEUSDT	+0.0092%	4h	95.155	−0.097%	$382.6M	$856.4M	75x	as long as short
edgeX HYPEUSDC	+0.0092%	4h	95.253	+0.005%	$5.1M	$29.1M	30x	as long as short
Vest HYPE-PERP	+0.0093%	1h	95.297	+0.052%	—	$80K	5x	as long as short
Bluefin HYPE-PERP	+0.0094%	1h	95.212	−0.037%	$79K	$136K	20x	as long as short
MEXC HYPE_USDT	+0.0094%	4h	95.156	−0.096%	$90.6M	$83.0M	100x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.179	−0.072%	$3.3M	$10.0M	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	95.200	−0.050%	$39K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.215	−0.034%	$7.3M	$51.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.295	+0.050%	$2.11B	$645.5M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.191	−0.059%	$10.3M	$13.3M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.175	−0.076%	$48.1M	$17.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	95.197	−0.053%	—	$49.4M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	95.242	−0.006%	$7.9M	$10.4M	20x	as long as short
Variational Omni HYPEshort	+0.0100%	8h	95.251	+0.003%	$30.0M	$53.1M	—
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.301	+0.056%	$7.7M	$39.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.191	−0.059%	$347K	$883K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	95.269	+0.022%	$693K	$2.8M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	95.252	+0.005%	$504K	$2.5M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.291	+0.046%	$33K	$1.4M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.326	+0.082%	$1.4M	$5.4M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	95.174	−0.078%	$18.4M	$39.8M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	95.219	−0.030%	$403K	$130K	20x	as long as short
Kalshi KXHYPEPERP	+0.0125%	8h	95.316	+0.072%	$1.8M	$5.1M	2.3x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	95.261	+0.015%	$3.2M	$5.5M	20x	as long as short
Reya HYPERUSDPERP	+0.0270%	1h	95.188	−0.063%	$85K	$100K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0155%	1h	95.243	−0.005%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0338%	4h	95.266	+0.019%	$17.3M	$11.5M	75x	as long as short
Injective HYPE/USDC PERP	+0.0969%	1h	95.400	+0.160%	$31K	$334K	12x	as long as short