HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1054%/8h= +115.4% APRnext payment +$1.32 per $10,000 · paid last 24h +0.087%

Price spread now: GMX against Arcus+0.118%7-day average +0.053% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.162%+$16 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.118%, 7d avg +0.053%

Together, before fees+0.197%+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and GMX is 0.065% dearer against Arcus than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.053%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.162% in total (about 18.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus HYPE-USD	93.446	−0.0899	get 0.0112% / 1h	41m 45s	$1.2M	$3.8M	10x
Short	GMX HYPE/USD [WBTC.b-USDC]	93.557	L +0.0332% / S −0.0156%	get 0.0019% / 1h	41m 45s	$1.4M	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Arcus. 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 ArcusbpFee GMXbpOrdersPrice spread, now +0.118%Rate

Funding earned: $221.36
Price spread: +0.118% → +0.053%: $6.5
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee GMX: 6 bp × 2 orders: −$12
Net: $211.36
Costs to cover: 0.165%
Break-even: 0.3 days

Slippage unknown: Arcus: live order book, 2 min ago; GMX: 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 Arcus live order book, 2 min ago	0.32 bp	3.0 bp −$3	10.0 bp −$100	29.8 bp −$2,975	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Hibachi HYPE/USDT-P	−0.1240%	1h	93.378	−0.073%	$196K	$226K	7x	as long as short
Arcus HYPE-USDlong	−0.0899%	1h	93.446	long leg	$1.2M	$3.8M	10x
Bluefin HYPE-PERP	−0.0178%	1h	93.498	+0.056%	$79K	$170K	20x	as long as short
Phemex HYPEUSDT	−0.0102%	8h	93.519	+0.078%	$12.6M	$2.7M	50x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.485	+0.042%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0045%	4h	93.518	+0.077%	$156K	$629K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0041%	1h	93.435	−0.012%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSD	−0.0040%	1h	93.554	+0.116%	$85K	$345K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0010%	1h	93.500	+0.058%	$698K	$981K	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.361	−0.091%	$128K	$31K	5x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	93.568	+0.131%	$23K	$322K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.550	+0.111%	$62K	—	150x	as long as short
Aster HYPEUSDT	+0.0024%	4h	93.477	+0.033%	$8.8M	$35.6M	300x	as long as short
Phoenix HYPE	+0.0026%	1h	93.549	+0.110%	$213K	$1.2M	10x	as long as short
BingX HYPE-USDT	+0.0026%	4h	93.378	−0.073%	—	$53.0M	—	as long as short
Bybit HYPEUSDT	+0.0034%	8h	93.331	−0.123%	$321.9M	$277.0M	75x	as long as short
Bullet HYPE-USD	+0.0042%	1h	93.546	+0.107%	$112K	$578K	20x	as long as short
Gate HYPE_USDT	+0.0054%	4h	93.385	−0.065%	$44.6M	$54.7M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0078%	8h	93.327	−0.127%	$114.2M	$301.9M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.366	−0.086%	$16.3M	$61.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.359	−0.093%	$3.1M	$11.5M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.549	+0.110%	$69K	$1.2M	50x	as long as short
MEXC HYPE_USDT	+0.0096%	4h	93.386	−0.064%	$89.8M	$80.5M	100x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.616	+0.181%	$340K	$162K	20x	as long as short
edgeX HYPEUSDC	+0.0099%	4h	93.527	+0.086%	$5.1M	$30.0M	30x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.570	+0.133%	$19K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.579	+0.143%	$5.8M	$43.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.443	−0.003%	$2.04B	$655.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.375	−0.076%	$10.0M	$14.6M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.350	−0.103%	$378.8M	$877.5M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.580	+0.143%	$204K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.439	−0.007%	$45.9M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.327	−0.127%	$225.7M	$96.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.471	+0.027%	$7.4M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.339	−0.115%	$31.1M	$54.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.288	−0.169%	$7.5M	$45.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.588	+0.152%	$340K	$999K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.522	+0.081%	$667K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.596	+0.161%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.567	+0.129%	$473K	$2.5M	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.508	+0.067%	$16.2M	$7.6M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.616	+0.182%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.524	+0.083%	$2.0M	$1.9M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.366	−0.085%	$18.4M	$43.7M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.529	+0.089%	$398K	$163K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.590	+0.154%	$4.9M	$5.4M	50x	as long as short
HTX HYPE-USDT	+0.0202%	4h	93.738	+0.312%	$1.4M	$6.0M	75x	as long as short
Reya HYPERUSDPERP	+0.0257%	1h	93.528	+0.088%	$80K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0279%	8h	93.609	+0.174%	$1.9M	$5.1M	2.3x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0306%	1h	93.595	+0.159%	$7.5M	$4.4M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]short	L +0.0332% / S −0.0156%	1h	93.557	+0.118%	$1.4M	—	100x
BloFin HYPE-USDT	+0.0337%	4h	93.577	+0.140%	$17.0M	$11.7M	75x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.644	+0.212%	$3.2M	$6.5M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.350	−0.103%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0684%	1h	93.592	+0.157%	$20.8M	$30.1M	50x	as long as short