HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0155%/8h= +16.9% APRnext payment +$0.19 per $10,000 · paid last 24h +0.044%

Price spread now: GMX against gTrade (Gains Network)−0.003%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) HYPE/USD	94.014	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	58m 03s	$27K	—	150x
Short	GMX HYPE/USD [WBTC.b-USDC]	94.011	L +0.0338% / S −0.0157%	get 0.0020% / 1h	58m 03s	$1.5M	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee GMXbpOrdersPrice spread, now −0.003%Rate

Funding earned: $32.46
Price spread: −0.003% → 0.000%: −$0.34
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $10.12
Costs to cover: 0.220%
Break-even: 4.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

gTrade (Gains Network) and 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	−0.1416%	1h	93.956	−0.061%	$199K	$229K	7x	as long as short
dYdX HYPE-USD	−0.0717%	1h	93.909	−0.112%	$128K	$30K	5x	as long as short
Arcus HYPE-USD	−0.0625%	1h	93.855	−0.169%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0330%	1h	93.987	−0.029%	$22K	$22K	10x	as long as short
Bybit HYPEUSDT	−0.0152%	8h	93.947	−0.071%	$323.2M	$283.7M	75x	as long as short
01 Exchange HYPEUSD	−0.0120%	1h	93.967	−0.050%	$86K	$367K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0087%	1h	93.810	−0.217%	$705K	$923K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.955	−0.063%	$3K	$331	25x	as long as short
Derive HYPE-PERP	−0.0017%	1h	93.918	−0.102%	$16.4M	$7.2M	10x	as long as short
Orderly PERP_HYPE_USDC	−0.0008%	4h	93.966	−0.051%	$169K	$594K	20x	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	93.955	−0.062%	$23K	$329K	10x	as long as short
Bullet HYPE-USD	+0.0001%	1h	93.982	−0.034%	$112K	$579K	20x	as long as short
gTrade (Gains Network) HYPE/USDlong	L +0.0002% / S −0.0003%	1h	94.014	long leg	$27K	—	150x
Phoenix HYPE	+0.0009%	1h	94.114	+0.106%	$218K	$1.2M	10x	as long as short
Aster HYPEUSDT	+0.0015%	4h	93.966	−0.051%	$8.9M	$36.2M	300x	as long as short
Popdex HYPEUSDT	+0.0016%	1h	93.967	−0.050%	$60K	$1.2M	50x	as long as short
Binance HYPEUSDT	+0.0044%	4h	93.966	−0.051%	$383.9M	$898.9M	75x	as long as short
MEXC HYPE_USDT	+0.0046%	4h	93.972	−0.045%	$88.1M	$81.8M	100x	as long as short
edgeX HYPEUSDC	+0.0053%	4h	93.991	−0.024%	$5.1M	$29.7M	30x	as long as short
Phemex HYPEUSDT	+0.0056%	8h	94.006	−0.009%	$12.8M	$2.6M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0086%	8h	93.955	−0.063%	$116.0M	$322.6M	50x	as long as short
Lighter HYPE	+0.0096%	1h	94.032	+0.019%	$18.9M	$58.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.004	−0.011%	$3.1M	$12.0M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	94.019	+0.005%	$400K	$206K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.001	−0.013%	$341K	$171K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.040	+0.028%	$42K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.969	−0.047%	$6.6M	$44.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.070	+0.060%	$2.05B	$680.5M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.975	−0.041%	$10.1M	$14.6M	20x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.964	−0.053%	$44.4M	$58.3M	75x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.983	−0.033%	$46.5M	$18.5M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.992	−0.023%	$227.7M	$101.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.973	−0.044%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.007	−0.007%	$7.7M	$10.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.972	−0.044%	$31.4M	$54.2M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.052	+0.040%	$7.6M	$45.4M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.033	+0.020%	$340K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.016	+0.002%	$680K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.997	−0.018%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.990	−0.026%	$472K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.981	−0.035%	$76K	$171K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.035	+0.022%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.968	−0.049%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.944	−0.075%	$205K	$6K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.958	−0.059%	$18.4M	$42.6M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.960	−0.057%	$4.9M	$5.7M	50x	as long as short
Kalshi KXHYPEPERP	+0.0163%	8h	93.993	−0.022%	$1.9M	$5.0M	2.3x	as long as short
BloFin HYPE-USDT	+0.0188%	4h	93.972	−0.045%	$17.0M	$12.6M	75x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	93.990	−0.026%	$31K	$338K	12x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	94.006	−0.009%	$2.8M	$6.9M	20x	as long as short
HTX HYPE-USDT	+0.0228%	4h	94.085	+0.076%	$1.5M	$7.8M	75x	as long as short
Reya HYPERUSDPERP	+0.0250%	1h	93.957	−0.061%	$77K	$142K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]short	L +0.0338% / S −0.0157%	1h	94.011	−0.003%	$1.5M	—	100x
Deribit HYPE_USDC-PERPETUAL	+0.0377%	1h	94.083	+0.073%	$7.5M	$4.7M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0671%	1h	94.070	+0.060%	$21.0M	$29.5M	50x	as long as short