HYPE Funding Rate — live across 26 venues
Compared across 26 supported venues · net of estimated fees · updated every few minutes
Live annualized HYPE perpetual funding across all 26 venues Perpia tracks. Right now HYPE funding is positive on 20 and negative on 3, ranging from +11.4% on Extended to -21.0% on Vest — a spread of 32.4%. The widest delta-neutral trade is long Vest / short Extended at 29.9% net APR.
HYPE funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
HYPE funding rate by venue
197 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Extended↗ | +11.4% | 1h |
| Variational↗ | +10.9% | 8h |
| MEXC↗ | +10.9% | 4h |
| Nado↗ | +10.9% | 24h |
| Ondo Perps | +10.9% | 1h |
| Binance↗ | +10.9% | 4h |
| BingX↗ | +10.9% | 4h |
| Hyperliquid↗ | +10.9% | 1h |
| Gate.io↗ | +10.9% | 4h |
| Pacifica↗ | +10.9% | 1h |
| Arcus↗ | +10.9% | 1h |
| KuCoin↗ | +10.9% | 4h |
| Aster↗ | +10.9% | 4h |
| Lighter↗ | +10.5% | 8h |
| Paradex↗ | +8.8% | 8h |
| BackPack↗ | +7.3% | 1h |
| Bitget↗ | +6.1% | 4h |
| Bybit↗ | +5.6% | 8h |
| Sodex↗ | +3.2% | 1h |
| OKX↗ | +0.9% | 8h |
| dYdX↗ | +0.0% | 1h |
| GMTrade↗ | +0.0% | 1h |
| Ostium↗ | +0.0% | 1h |
| Risex↗ | -4.0% | 1h |
| 01↗ | -4.4% | 1h |
| Vest↗ | -21.0% | 1h |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Vest vs Extended page.
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HYPE funding — FAQ
Is HYPE funding positive right now?
HYPE perpetual funding is positive on 20 of 26 venues Perpia tracks and negative on 3. The highest is +11.4% on Extended; the lowest is -21.0% on Vest.
What is the best HYPE funding arbitrage right now?
Go long Vest and short Extended for about 29.9% net APR after fees — the widest delta-neutral HYPE spread Perpia currently sees.
Which exchange has the highest HYPE funding rate?
Extended, at +11.4% annualized. Funding shifts continuously, so check the live table above before trading.
How HYPE funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to HYPE
Markets also quoted on both Extended and Vest — the same two exchanges you would already have funded for the HYPE trade.
See every spread between them on the Extended vs Vest page.