All HYPE pairs

HYPE funding carry: Gate.io vs Hyperliquid

Entering and exiting this pair costs 24 bps of notional at taker fees (1 bps at maker). Funding has to pay that back before the trade is worth anything — here is how long that takes.

Right now

Gross funding APR
23.65%
Net APY on $10k
9.43%
Break-even
101.05h
Net positive for
31m
  • Net positive for only 31 min — needs ~101.05h to break even on entry/exit costs.
Short
hyperliquid perp
HYPE/USDC
Trade on hyperliquid
Long
gate perp
HYPE/USDT
Trade on gate

Last 30 days

Above its costs
17.6% of the time
Net APY when above costs
14.07%
Net APY when below costs
-3.70%
Best single hour
98.60%

Measured on 421 hours of ranking we recorded ourselves.

Round-trip cost

Venue Taker Maker Perp instrument
Gate.io 7.5 -1 HYPE_USDT
Hyperliquid 4.5 1.5 HYPE

Other HYPE pairs

How long funding takes to repay the entry

At a given gross funding APR, this is how many hours you must hold before the position has paid back entry and exit. Below that, a positive APR is still a loss.

Gross funding APR Taker in / out Maker in / out
5% 420h (17d) 18h
10% 210h (8d) 9h
20% 105h (4d) 4h
50% 42h 2h