HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0159%/8h= +17.4% APRnext payment +$0.20 per $10,000 · paid last 24h +0.041%

Price spread now: GMX against dYdX−0.067%7-day average +0.013% · you buy dearer than you sell

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

Long on dYdX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.129%+$13 on $10k

Price spread, last 3 days (all we have)+0.114%+$11 · spread now −0.067%, 7d avg +0.013%

Together, before fees+0.242%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.079% cheaper against dYdX than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of +0.013%). If the spread goes back, that is −$8 on $10k: about 40 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX HYPE-USD	93.114	0	get 0.0000% / 1h	36m 30s	$127K	$32K	5x
Short	GMX HYPE/USD [WBTC.b-USDC]	93.052	L +0.0340% / S −0.0159%	get 0.0020% / 1h	36m 30s	$1.5M	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against dYdX. 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 dYdXbpFee GMXbpOrdersPrice spread, now −0.067%Rate

Funding earned: $33.38
Price spread: −0.067% → +0.013%: −$7.94
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $3.44
Costs to cover: 0.220%
Break-even: 6.3 days

Slippage unknown: dYdX: live order book, 47 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 dYdX live order book, 47 min ago	25.29 bp	30.3 bp −$30	42.7 bp −$427	131.3 bp −$13.1K	547.5 bp −$273.7K
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
Aftermath Perps HYPEUSD	−0.0361%	1h	93.192	+0.084%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0192%	1h	93.147	+0.036%	$197K	$230K	7x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.027	−0.094%	$1.2M	$4.0M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0105%	1h	93.070	−0.047%	$698K	$923K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.118	+0.004%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0016%	1h	93.044	−0.075%	$90K	$362K	20x	as long as short
Popdex HYPEUSDT	−0.0008%	1h	93.039	−0.081%	$58K	$1.2M	50x	as long as short
dYdX HYPE-USDlong	0.0000%	1h	93.114	long leg	$127K	$32K	5x
Perpl HYPE	0.0000%	43m	93.046	−0.073%	$23K	$331K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.060	−0.058%	$20K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0005%	4h	93.047	−0.072%	$8.8M	$36.0M	300x	as long as short
Bybit HYPEUSDT	+0.0027%	8h	93.020	−0.101%	$322.8M	$286.9M	75x	as long as short
Orderly PERP_HYPE_USDC	+0.0031%	4h	93.051	−0.068%	$171K	$519K	20x	as long as short
Phoenix HYPE	+0.0034%	1h	93.374	+0.279%	$214K	$1.2M	10x	as long as short
Bullet HYPE-USD	+0.0035%	1h	93.010	−0.112%	$111K	$579K	20x	as long as short
Derive HYPE-PERP	+0.0039%	1h	93.083	−0.033%	$16.3M	$7.1M	10x	as long as short
Gate HYPE_USDT	+0.0040%	4h	93.007	−0.115%	$43.8M	$58.0M	75x	as long as short
MEXC HYPE_USDT	+0.0088%	4h	93.018	−0.103%	$89.7M	$81.8M	100x	as long as short
Binance HYPEUSDT	+0.0089%	4h	93.022	−0.099%	$382.4M	$892.6M	75x	as long as short
Lighter HYPE	+0.0096%	1h	93.138	+0.026%	$18.5M	$58.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.120	+0.006%	$3.1M	$12.1M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0098%	8h	93.067	−0.050%	$338K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.060	−0.058%	$40K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.035	−0.085%	$5.9M	$44.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.068	−0.050%	$2.02B	$670.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.084	−0.033%	$10.0M	$14.3M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.021	−0.100%	$113.8M	$313.3M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.390	+0.296%	$204K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.058	−0.060%	$47.1M	$18.9M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.034	−0.086%	$225.5M	$102.8M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.026	−0.095%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.118	+0.004%	$7.8M	$11.2M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.354	+0.258%	$29.0M	$50.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.268	+0.165%	$7.5M	$46.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.246	+0.142%	$412K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.129	+0.016%	$674K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.096	−0.020%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.067	−0.051%	$492K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.116	+0.002%	$76K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.178	+0.069%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.105	−0.010%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.153	+0.042%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.033	−0.087%	$18.2M	$42.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.094	−0.022%	$396K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0106%	4h	93.228	+0.123%	$5.1M	$29.6M	30x	as long as short
Kalshi KXHYPEPERP	+0.0108%	8h	93.221	+0.115%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.190	+0.082%	$4.9M	$5.7M	50x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	93.070	−0.047%	$30K	$338K	12x	as long as short
Reya HYPERUSDPERP	+0.0247%	1h	93.017	−0.104%	$77K	$158K	15x	as long as short
HTX HYPE-USDT	+0.0259%	4h	93.300	+0.200%	$1.5M	$7.7M	75x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.113	−0.001%	$2.8M	$6.8M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0319%	1h	93.211	+0.104%	$7.4M	$4.6M	50x	as long as short
BloFin HYPE-USDT	+0.0329%	4h	93.087	−0.029%	$16.9M	$12.4M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]short	L +0.0340% / S −0.0159%	1h	93.052	−0.067%	$1.5M	—	100x
Kraken Futures PF_HYPEUSD	+0.0466%	1h	93.200	+0.092%	$20.8M	$28.9M	50x	as long as short