# HYPE funding rates and arbitrage

Updated 2026-10-29 15:37 UTC · https://afterfees.xyz/coin/HYPE

## Best HYPE arbitrage after every cost

No HYPE pair nets a profit at this size right now.

_At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry._

## HYPE funding rate on every exchange

| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| [Perpl](https://afterfees.xyz/venues/perpl) | HYPE | 0.0040% | 0.7166666666666666666666666667 h | +48.9% | — | $50.9K | — |
| [Crypto.com](https://afterfees.xyz/venues/cryptocom) | HYPEUSD-PERP | 0.0047% | 1 h | +40.9% | +29.8% | $51.6K | 2026-10-29 16:00 |
| [RISEx](https://afterfees.xyz/venues/risex) | HYPE/USDC | 0.0017% | 1 h | +15.1% | — | $3.3M | 2026-10-29 16:00 |
| [Phoenix](https://afterfees.xyz/venues/phoenix) | HYPE | 0.0014% | 1 h | +12.5% | +9.1% | — | 2026-10-29 16:00 |
| [Velocity](https://afterfees.xyz/venues/velocity) | HYPE-PERP | 0.0013% | 1 h | +11.8% | — | $2.3K | 2026-10-29 16:01 |
| [Katana Perps](https://afterfees.xyz/venues/katana) | HYPE-USD | 0.0102% | 8 h | +11.2% | +10.9% | $69.2K | 2026-10-29 16:00 |
| [Ondo Perps](https://afterfees.xyz/venues/ondo) | HYPE-USD.P | 0.0013% | 1 h | +10.9% | — | $364.2K | 2026-10-29 16:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | HYPEUSDTM | 0.0050% | 4 h | +10.9% | +10.2% | $81.7M | 2026-10-29 16:00 |
| [Arcus](https://afterfees.xyz/venues/arcus) | HYPE-USD | 0.0013% | 1 h | +10.9% | +11.3% | $4.4M | 2026-10-29 16:00 |
| [Nado](https://afterfees.xyz/venues/nado) | HYPE-PERP_USDT0 | 0.0013% | 1 h | +10.9% | — | $3.2M | 2026-10-29 16:00 |
| [Bulk](https://afterfees.xyz/venues/bulk) | HYPE-USD | 0.0013% | 1 h | +10.9% | — | $711.5K | 2026-10-29 16:00 |
| [PopDEX](https://afterfees.xyz/venues/popdex) | HYPEUSDT | 0.0013% | 1 h | +10.9% | +9.7% | $435.3K | 2026-10-29 16:00 |
| [Bitunix](https://afterfees.xyz/venues/bitunix) | HYPEUSDT | 0.0050% | 4 h | +10.9% | +7.5% | — | 2026-10-29 16:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | HYPE_USDT | 0.0050% | 4 h | +10.9% | +7.0% | $90.2M | 2026-10-29 16:00 |
| [WhiteBIT](https://afterfees.xyz/venues/whitebit) | HYPE_PERP | 0.0050% | 4 h | +10.9% | +11.0% | $110.1M | 2026-10-29 16:00 |
| [Backpack](https://afterfees.xyz/venues/backpack) | HYPE_USDC_PERP | 0.0013% | 1 h | +10.9% | +11.7% | $9.2M | 2026-10-29 16:00 |
| [Pacifica](https://afterfees.xyz/venues/pacifica) | HYPE | 0.0013% | 1 h | +10.9% | +11.0% | $12.1M | 2026-10-29 16:00 |
| [ApeX](https://afterfees.xyz/venues/apex) | HYPE-USDT | 0.0013% | 1 h | +10.9% | +10.7% | $961.5K | 2026-10-29 16:00 |
| [StandX](https://afterfees.xyz/venues/standx) | HYPE-USD | 0.0013% | 1 h | +10.9% | — | $23.9K | 2026-10-29 16:00 |
| [WOO X](https://afterfees.xyz/venues/woox) | PERP_HYPE_USDT | 0.0050% | 4 h | +10.9% | +7.0% | $351.8K | 2026-10-29 16:00 |
| [LBank](https://afterfees.xyz/venues/lbank) | HYPEUSDT | 0.0050% | 4 h | +10.9% | — | — | 2026-10-29 16:00 |
| [HTX](https://afterfees.xyz/venues/htx) | HYPE-USDT | 0.0050% | 4 h | +10.9% | +10.8% | $1.4M | 2026-10-29 16:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | HYPEUSDT | 0.0100% | 8 h | +10.9% | +6.4% | $312.2M | 2026-10-29 16:00 |
| [GRVT](https://afterfees.xyz/venues/grvt) | HYPE_USDT_Perp | 0.0050% | 4 h | +10.9% | +8.8% | $7.3M | 2026-10-29 16:00 |
| [Aster](https://afterfees.xyz/venues/aster) | HYPEUSDT | 0.0050% | 4 h | +10.9% | +7.2% | $7.8M | 2026-10-29 16:00 |
| [Bullet](https://afterfees.xyz/venues/bullet) | HYPE-USD | 0.0013% | 1 h | +10.9% | — | $221.2K | 2026-10-29 16:00 |
| [Variational](https://afterfees.xyz/venues/variational) | HYPE-PERP | 0.0100% | 8 h | +10.9% | — | $32.5M | 2026-10-29 16:00 |
| [TXFlow](https://afterfees.xyz/venues/txflow) | HYPE-USDC | 0.0013% | 1 h | +10.9% | — | $5.2M | 2026-10-29 16:00 |
| [Binance](https://afterfees.xyz/venues/binance) | HYPEUSDT | 0.0050% | 4 h | +10.9% | +7.0% | $460.6M | 2026-10-29 16:00 |
| [Gate](https://afterfees.xyz/venues/gate) | HYPE_USDT | 0.0050% | 4 h | +10.9% | +4.8% | $228.4M | 2026-10-29 16:00 |
| [Hyperliquid](https://afterfees.xyz/venues/hyperliquid) | HYPE | 0.0013% | 1 h | +10.9% | +8.8% | $2.2B | 2026-10-29 16:00 |
| [OKX](https://afterfees.xyz/venues/okx) | HYPE-USDT-SWAP | 0.0097% | 8 h | +10.6% | +8.4% | $133.1M | 2026-10-29 16:00 |
| [Lighter RH](https://afterfees.xyz/venues/lighterrh) | HYPE | 0.0012% | 1 h | +10.5% | +9.7% | $4.5M | 2026-10-29 16:00 |
| [Lighter](https://afterfees.xyz/venues/lighter) | HYPE | 0.0012% | 1 h | +10.5% | +7.1% | $19.5M | 2026-10-29 16:00 |
| [Coinbase Derivatives](https://afterfees.xyz/venues/coinbaseus) | HYP-20DEC30-CDE | 0.0010% | 1 h | +8.8% | — | $8.1M | 2026-10-29 16:00 |
| [Paradex](https://afterfees.xyz/venues/paradex) | HYPE-USD-PERP | 0.0063% | 8 h | +6.9% | — | $358.7K | 2026-10-29 16:00 |
| [dYdX](https://afterfees.xyz/venues/dydx) | HYPE-USD | 0.0001% | 1 h | +0.8% | +0.4% | $123K | 2026-10-29 16:00 |
| [Bitfinex](https://afterfees.xyz/venues/bitfinex) | tHYPEF0:USTF0 | 0.0000% | 8 h | 0.0% | — | $690.3K | 2026-10-29 16:00 |
| [Extended](https://afterfees.xyz/venues/extended) | HYPE-USD | 0.0000% | 1 h | 0.0% | +11.3% | $19.5M | 2026-10-29 16:00 |
| [BloFin](https://afterfees.xyz/venues/blofin) | HYPE-USDT | -0.0068% | 4 h | −14.9% | +28.8% | $20.7M | 2026-10-29 16:00 |
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_HYPEUSD | -0.0018% | 1 h | −15.9% | +14.0% | $28.2M | 2026-10-29 16:00 |
| [Phemex](https://afterfees.xyz/venues/phemex) | HYPEUSDT | -0.0152% | 8 h | −16.7% | — | $13M | 2026-10-29 16:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | HYPEUSDT | -0.0090% | 4 h | −19.7% | +5.6% | $233.9M | 2026-10-29 16:00 |
| [BingX](https://afterfees.xyz/venues/bingx) | HYPE-USDT | -0.0091% | 4 h | −19.9% | +10.5% | $82M | 2026-10-29 16:00 |
| [Hibachi](https://afterfees.xyz/venues/hibachi) | HYPE/USDT-P | -0.0089% | 1 h | −78.0% | +23.0% | $217.2K | 2026-10-29 16:00 |

## Borrow HYPE to sell spot

| Exchange | Borrow APR | Per-account limit |
|---|---|---|
| OKX | 1.01% | — |
| Gate | 1.27% | $600K |
| Bybit | 6.68% | — |
| Bitget | 31.95% | — |
| Binance | 499.99% | — |

## Lock HYPE funding on Pendle Boros

| Market | Maturity | Net locked | Floating, same term | Advantage |
|---|---|---|---|---|
| [Hyperliquid](https://afterfees.xyz/fixed-floating/230) | 2026-11-27 | 10.01% | 11.15% | −1.13% |
| [Bybit](https://afterfees.xyz/fixed-floating/231) | 2026-11-27 | 4.06% | 3.67% | +0.40% |
| [Hyperliquid](https://afterfees.xyz/fixed-floating/216) | 2026-10-30 | 1.89% | 10.78% | −8.89% |
| [Bybit](https://afterfees.xyz/fixed-floating/218) | 2026-10-30 | −1.07% | 6.14% | −7.21% |
| [Gate](https://afterfees.xyz/fixed-floating/217) | 2026-10-30 | −2.15% | 6.06% | −8.21% |

## Cost to enter $10,000 of HYPE

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| Lighter | HYPE | 0.4 bp | live order book |
| Lighter RH | HYPE | 0.8 bp | order-book snapshot, 44 min old |
| Extended | HYPE-USD | 2.6 bp | order-book snapshot, 44 min old |
| Nado | HYPE-PERP_USDT0 | 3.6 bp | order-book snapshot, 46 min old |
| MEXC | HYPE_USDT | 4.1 bp | live order book |
| Aster | HYPEUSDT | 5.0 bp | live order book |
| GRVT | HYPE_USDT_Perp | 5.0 bp | live order book |
| BingX | HYPE-USDT | 5.1 bp | live order book |
| Hyperliquid | HYPE | 5.2 bp | order-book snapshot, 11 min old |
| Backpack | HYPE_USDC_PERP | 6.0 bp * | order-book snapshot, 2 min old |
| OKX | HYPE-USDT-SWAP | 6.0 bp | live order book |
| Kraken | PF_HYPEUSD | 6.1 bp | live order book |

_Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees. * fee estimated: the exchange publishes no fee schedule without an account._

## More on HYPE

- [Borrow HYPE: rates on every exchange](https://afterfees.xyz/borrow/HYPE)

## Questions

**Is HYPE funding-rate arbitrage profitable right now?**

Not at $10,000 per side for 7 days: no HYPE pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.

**Which exchange has the highest HYPE funding rate?**

Perpl at +48.9% a year (0.0040% every 0.7166666666666666666666666667 h); the lowest is Hibachi at −78.0%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.

_The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you._