HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.06 per $10,000 · paid last 24h −0.012%

Price spread now: Orderly against Gate−0.101%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 Gate Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.098%−$10 on $10k

Price spread, last 3 days (all we have)+0.120%+$12 · spread now −0.101%, 7d avg +0.016%

Together, before fees+0.022%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Orderly is 0.117% cheaper against Gate than usual: you would sell low and buy high (−$12 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	Gate HYPE_USDT	93.073	0.0038	pay 0.0019% / 4h	1h 28m	$43.8M	$58.4M	75x
Short	Orderly PERP_HYPE_USDC	92.979	0.0025	get 0.0013% / 4h	1h 28m	$171K	$518K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Gate. 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 GatebpFee OrderlybpOrdersPrice spread, now −0.101%Rate

Funding earned: −$2.7
Price spread: −0.101% → +0.016%: −$11.74
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$35.43
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 5 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 Gate live order book, 5 min ago	0.70 bp	10.8 bp −$11	14.7 bp −$147	35.5 bp −$3,554	58.2 bp −$29.1K
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
Aftermath Perps HYPEUSD	−0.0401%	1h	93.019	−0.058%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0256%	1h	92.932	−0.151%	$196K	$230K	7x	as long as short
Arcus HYPE-USD	−0.0131%	1h	92.924	−0.160%	$1.2M	$4.0M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0123%	1h	92.870	−0.218%	$698K	$924K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.921	−0.163%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0032%	1h	92.968	−0.113%	$90K	$362K	20x	as long as short
Popdex HYPEUSDT	−0.0016%	1h	92.961	−0.120%	$58K	$1.2M	50x	as long as short
Aster HYPEUSDT	−0.0007%	4h	93.076	+0.003%	$8.8M	$36.0M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.108	+0.038%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.990	−0.089%	$23K	$331K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.038	−0.037%	$20K	—	150x	as long as short
Bybit HYPEUSDT	+0.0024%	8h	93.095	+0.024%	$322.9M	$287.2M	75x	as long as short
Orderly PERP_HYPE_USDCshort	+0.0025%	4h	92.979	−0.101%	$171K	$518K	20x
Derive HYPE-PERP	+0.0033%	1h	92.949	−0.133%	$16.2M	$7.1M	10x	as long as short
Phoenix HYPE	+0.0034%	1h	93.033	−0.043%	$213K	$1.2M	10x	as long as short
Gate HYPE_USDTlong	+0.0038%	4h	93.073	long leg	$43.8M	$58.4M	75x
Bullet HYPE-USD	+0.0039%	1h	92.989	−0.090%	$111K	$580K	20x	as long as short
MEXC HYPE_USDT	+0.0070%	4h	93.075	+0.002%	$90.1M	$81.9M	100x	as long as short
Binance HYPEUSDT	+0.0070%	4h	93.069	−0.004%	$381.8M	$895.1M	75x	as long as short
edgeX HYPEUSDC	+0.0086%	4h	93.085	+0.013%	$5.1M	$29.6M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.143	+0.075%	$18.5M	$58.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.120	+0.050%	$3.1M	$12.2M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	92.968	−0.113%	$395K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0098%	8h	92.948	−0.135%	$338K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.010	−0.068%	$34K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.978	−0.102%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.110	+0.040%	$2.02B	$672.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.003	−0.075%	$9.9M	$14.3M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.080	+0.008%	$113.7M	$314.3M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.030	−0.046%	$203K	$8K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.047	−0.028%	$47.0M	$19.0M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.104	+0.033%	$225.6M	$103.1M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.080	+0.008%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.037	−0.039%	$7.8M	$11.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.003	−0.075%	$28.9M	$50.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.981	−0.099%	$7.5M	$46.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.095	+0.024%	$412K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.014	−0.063%	$673K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.990	−0.089%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.992	−0.087%	$492K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.001	−0.077%	$75K	$168K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.007	−0.071%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.998	−0.081%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.010	−0.068%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.037	−0.039%	$18.2M	$42.1M	50x	as long as short
Kalshi KXHYPEPERP	+0.0109%	8h	93.103	+0.032%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.020	−0.057%	$4.9M	$5.7M	50x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	92.880	−0.207%	$30K	$338K	12x	as long as short
HTX HYPE-USDT	+0.0242%	4h	93.178	+0.113%	$1.5M	$7.7M	75x	as long as short
Reya HYPERUSDPERP	+0.0247%	1h	92.962	−0.119%	$77K	$158K	15x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.022	−0.055%	$2.7M	$6.8M	20x	as long as short
BloFin HYPE-USDT	+0.0280%	4h	92.998	−0.081%	$16.9M	$12.5M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0158%	1h	93.020	−0.057%	$1.5M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0466%	1h	93.122	+0.053%	$20.8M	$28.9M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0492%	1h	93.107	+0.037%	$7.4M	$4.6M	50x	as long as short