HYPE Funding Rate — live across 27 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized HYPE perpetual funding across all 27 venues Perpia tracks. Right now HYPE funding is positive on 8 and negative on 16, ranging from +23.1% on Risex to -34.2% on Lighter — a spread of 57.3%. The widest delta-neutral trade is long Lighter / short Risex at 56.1% net APR.
HYPE funding rate by venue
288 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Risex | +23.1% | 1h |
| Extended | +11.4% | 1h |
| KuCoin | +10.9% | 4h |
| BackPack | +10.9% | 1h |
| HyENA | +10.9% | 1h |
| Sodex | +10.9% | 1h |
| BingX | +2.8% | 4h |
| Bitget | +2.2% | 4h |
| dYdX | +0.0% | 1h |
| GMTrade | +0.0% | 1h |
| Ostium | +0.0% | 1h |
| Vest | -2.3% | 1h |
| Hyperliquid | -3.2% | 1h |
| Nado | -5.0% | 24h |
| Pacifica | -5.0% | 1h |
| Ethereal | -5.1% | 1h |
| MEXC | -9.3% | 8h |
| Binance | -9.3% | 8h |
| 01 | -10.5% | 1h |
| OKX | -13.2% | 8h |
| Bybit | -13.2% | 8h |
| Gate.io | -14.5% | 4h |
| Paradex | -14.5% | 8h |
| Variational | -15.0% | 8h |
| EdgeX | -16.8% | 4h |
| Aster | -21.5% | 4h |
| Lighter | -34.2% | 8h |
Rates annualized; updated ~every few minutes from live venue data.
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HYPE funding — FAQ
Is HYPE funding positive right now?
HYPE perpetual funding is positive on 8 of 27 venues Perpia tracks and negative on 16. The highest is +23.1% on Risex; the lowest is -34.2% on Lighter.
What is the best HYPE funding arbitrage right now?
Go long Lighter and short Risex for about 56.1% net APR after fees — the widest delta-neutral HYPE spread Perpia currently sees.
Which exchange has the highest HYPE funding rate?
Risex, at +23.1% annualized. Funding shifts continuously, so check the live table above before trading.
How HYPE funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.