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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.078%
Price spread now: BingX against GMX+0.017%7-day average −0.029% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on GMXShort on BingX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.231%−$23 on $10k
Price spread, last 3 days (all we have)−0.148%−$15 · spread now +0.017%, 7d avg −0.029%
Together, before fees−0.379%−$38 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BingX is 0.046% dearer against GMX than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.029%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 15 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX HYPE/USD [WBTC.b-USDC]93.877L +0.0340% / S −0.0165%pay 0.0043% / 1h57m 19s$1.4M—100x
ShortBingX HYPE-USDT93.8930.0100get 0.0050% / 4h57m 19s—$53.9M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
−$50.43
Price spread: +0.017% → −0.029%
$4.58
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$67.85
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; BingX: 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
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample—————
Sell BingX live order book, 7 min ago0.16 bp5.2 bp −$55.2 bp −$529.0 bp −$90114.7 bp −$7,359
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.0504%1h93.735−0.151%$198K$228K7xas long as short
Aftermath Perps HYPEUSD−0.0486%1h93.638−0.255%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.768−0.116%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.840−0.039%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0002%1h93.800−0.082%$701K$903K10xas long as short
dYdX HYPE-USD0.0000%1h93.912+0.037%$128K$32K5xas long as short
Perpl HYPE0.0000%43m93.882+0.006%$23K$330K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.922+0.048%$28K—150xas long as short
Orderly PERP_HYPE_USDC+0.0014%4h93.908+0.033%$176K$526K20xas long as short
Bybit HYPEUSDT+0.0018%8h93.882+0.005%$324.7M$280.7M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0020%4h93.888+0.012%$8.9M$35.8M300xas long as short
Phoenix HYPE+0.0034%1h93.805−0.077%$215K$1.2M10xas long as short
Derive HYPE-PERP+0.0063%1h93.839−0.040%$16.4M$6.9M10xas long as short
Gate HYPE_USDT+0.0064%4h93.884+0.008%$44.3M$57.7M75xas long as short
MEXC HYPE_USDT+0.0066%4h93.898+0.022%$90.7M$80.3M100xas long as short
Binance HYPEUSDT+0.0067%4h93.907+0.032%$385.5M$885.9M75xas long as short
Phemex HYPEUSDT+0.0074%8h93.842−0.037%$12.8M$2.6M50xas long as short
edgeX HYPEUSDC+0.0078%4h93.744−0.141%$5.1M$29.6M30xas long as short
Lighter HYPE+0.0096%1h93.952+0.080%$19.0M$58.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.934+0.061%$3.1M$12.2M20xas long as short
01 Exchange HYPEUSD+0.0096%1h93.900+0.025%$91K$355K20xas long as short
Popdex HYPEUSDT+0.0096%1h93.847−0.032%$63K$1.2M50xas long as short
Aevo HYPE-PERP+0.0096%1h93.852−0.027%$399K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.845−0.034%$341K$169K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.830−0.050%$29K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.844−0.035%$5.9M$44.1M10xas long as short
Pacifica HYPE+0.0100%1h93.868−0.010%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.895+0.019%$114.9M$314.5M50xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.852−0.027%$47.2M$18.3M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.901+0.026%$227.6M$102.5M75xas long as short
BingX HYPE-USDTshort+0.0100%4h93.893+0.017%—$53.9M—
Backpack HYPE_USDC_PERP+0.0100%1h93.922+0.048%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.552−0.346%$30.9M$51.8M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.616−0.278%$7.5M$45.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.759−0.126%$393K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.783−0.100%$678K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.874−0.004%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.911+0.036%$484K$2.5M20xas long as short
Bullet HYPE-USD+0.0100%1h93.888+0.012%$113K$577K20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.903+0.028%$76K$166K20xas long as short
SunX HYPE-USDT+0.0100%4h93.979+0.109%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.904+0.029%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.680−0.210%$205K$7K10xas long as short
Injective HYPE/USDC PERP+0.0104%1h93.750−0.135%$30K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.882+0.005%$18.6M$42.0M50xas long as short
Kalshi KXHYPEPERP+0.0120%8h93.972+0.101%$1.9M$5.1M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.870−0.007%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0221%4h94.082+0.218%$1.5M$7.7M75xas long as short
Reya HYPERUSDPERP+0.0248%1h93.885+0.009%$77K$142K15xas long as short
BloFin HYPE-USDT+0.0266%4h93.898+0.022%$17.0M$12.3M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0272%1h93.995+0.126%$7.4M$4.5M50xas long as short
RISEx HYPE/USDC+0.0284%1h93.894+0.018%$2.7M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]longL +0.0340% / S −0.0165%1h93.877long leg$1.4M—100x
Hyperliquid HYPE+0.0504%1h93.911+0.036%$2.04B$667.3M10xas long as short
Kraken Futures PF_HYPEUSD+0.0577%1h94.020+0.152%$21.0M$29.0M50xas long as short