HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0226%/8h= −24.7% APRnext payment −$0.28 per $10,000 · paid last 24h −0.064%

Price spread now: Aevo against GMX−0.024%7-day average −0.012% · you buy dearer than you sell

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

Long on GMX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.184%−$18 on $10k

Price spread, last 4 days (all we have)−0.387%−$39 · spread now −0.024%, 7d avg −0.012%

Together, before fees−0.572%−$57 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX HYPE/USD [WBTC.b-USDC]	92.602	L +0.0330% / S −0.0153%	pay 0.0041% / 1h	51m 38s	$1.4M	—	100x
Short	Aevo HYPE-PERP	92.580	0.0104	get 0.0013% / 1h	51m 38s	$391K	$164K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against GMX. 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 GMXbpFee AevobpOrdersPrice spread, now −0.024%Rate

Funding earned: −$47.42
Price spread: −0.024% → −0.012%: −$1.13
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$76.55
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Aevo: live order book, 7 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Aevo live order book, 7 min ago	17.65 bp	25.9 bp −$26	26.0 bp −$260	30.7 bp −$3,067	doesn't fit

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
Arcus HYPE-USD	−0.0948%	1h	92.414	−0.202%	$1.2M	$3.8M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0760%	1h	92.788	+0.201%	$195K	$227K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0110%	1h	92.736	+0.146%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSD	−0.0104%	1h	92.530	−0.077%	$86K	$351K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.573	−0.031%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0065%	4h	92.552	−0.053%	$158K	$663K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0059%	1h	92.720	+0.128%	$699K	$1.1M	10x	as long as short
Bullet HYPE-USD	−0.0048%	1h	92.565	−0.039%	$111K	$579K	20x	as long as short
Aster HYPEUSDT	−0.0003%	4h	92.526	−0.081%	$8.7M	$36.2M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.516	−0.093%	$127K	$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	92.571	−0.033%	$23K	$309K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.608	+0.007%	$62K	—	150x	as long as short
Derive HYPE-PERP	+0.0018%	1h	92.535	−0.071%	$16.0M	$7.5M	10x	as long as short
Phemex HYPEUSDT	+0.0026%	8h	92.568	−0.036%	$12.5M	$2.7M	50x	as long as short
BingX HYPE-USDT	+0.0032%	4h	92.516	−0.092%	—	$53.2M	—	as long as short
Bybit HYPEUSDT	+0.0037%	8h	92.520	−0.088%	$317.6M	$279.2M	75x	as long as short
Phoenix HYPE	+0.0043%	1h	92.855	+0.274%	$211K	$1.2M	10x	as long as short
Gate HYPE_USDT	+0.0048%	4h	92.524	−0.084%	$44.4M	$54.5M	75x	as long as short
ApeX Omni HYPEUSDT	+0.0068%	1h	92.356	−0.265%	$337K	$1.0M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0074%	8h	92.521	−0.087%	$113.1M	$300.8M	50x	as long as short
Binance HYPEUSDT	+0.0079%	4h	92.539	−0.067%	$372.2M	$892.3M	75x	as long as short
Popdex HYPEUSDT	+0.0080%	1h	92.552	−0.053%	$67K	$1.2M	50x	as long as short
MEXC HYPE_USDT	+0.0084%	4h	92.509	−0.100%	$87.6M	$80.2M	100x	as long as short
edgeX HYPEUSDC	+0.0090%	4h	92.792	+0.205%	$5.1M	$29.2M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0092%	8h	92.546	−0.060%	$338K	$162K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.520	−0.088%	$16.0M	$62.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.515	−0.093%	$3.1M	$11.6M	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	92.530	−0.077%	$14K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.579	−0.024%	$5.8M	$43.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.548	−0.058%	$2.02B	$657.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.552	−0.053%	$10.0M	$14.9M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.800	+0.214%	$202K	$13K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.509	−0.100%	$45.8M	$18.2M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.509	−0.100%	$223.8M	$97.5M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.550	−0.056%	$7.4M	$10.0M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.820	+0.236%	$28.4M	$57.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.596	−0.006%	$7.5M	$45.7M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.793	+0.207%	$665K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.646	+0.048%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.612	+0.011%	$468K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.628	+0.029%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.578	−0.025%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.721	+0.129%	$1.4M	$6.2M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.495	−0.116%	$18.1M	$43.3M	50x	as long as short
Aevo HYPE-PERPshort	+0.0104%	1h	92.580	−0.024%	$391K	$164K	20x
Injective HYPE/USDC PERP	+0.0150%	1h	93.000	+0.430%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0160%	1h	92.630	+0.031%	$4.7M	$5.5M	50x	as long as short
Reya HYPERUSDPERP	+0.0260%	1h	92.568	−0.036%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0263%	8h	92.699	+0.105%	$1.8M	$5.4M	2.3x	as long as short
BloFin HYPE-USDT	+0.0325%	4h	92.787	+0.200%	$16.8M	$11.5M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]long	L +0.0330% / S −0.0153%	1h	92.602	long leg	$1.4M	—	100x
Kraken Futures PF_HYPEUSD	+0.0332%	1h	92.618	+0.018%	$20.6M	$30.3M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0473%	1h	92.680	+0.085%	$7.5M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0687%	1h	92.603	+0.002%	$3.1M	$6.4M	20x	as long as short
Bluefin HYPE-PERP	+0.1674%	1h	92.565	−0.039%	$78K	$169K	20x	as long as short