HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0339%/8h= −37.1% APRnext payment −$0.42 per $10,000 · paid last 24h −0.090%

Price spread now: dYdX against GMX+0.009%7-day average −0.013% · you sell dearer than you buy

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

Long on GMX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.239%−$24 on $10k

Price spread, last 3 days (all we have)−0.041%−$4 · spread now +0.009%, 7d avg −0.013%

Together, before fees−0.280%−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.022% dearer against GMX than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.013%): +$2 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX HYPE/USD [WBTC.b-USDC]	93.554	L +0.0339% / S −0.0164%	pay 0.0042% / 1h	28m 32s	$1.4M	—	100x
Short	dYdX HYPE-USD	93.563	0	get 0.0000% / 1h	28m 32s	$127K	$32K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$71.1
Price spread: +0.009% → −0.013%: $2.2
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$90.9
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; dYdX: live order book, 60 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 dYdX live order book, 60 min ago	26.01 bp	31.0 bp −$31	72.5 bp −$725	178.3 bp −$17.8K	1004.8 bp −$502.4K

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	−0.1024%	1h	93.496	−0.063%	$197K	$233K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0276%	1h	93.540	−0.016%	$22K	$22K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0247%	1h	93.440	−0.122%	$701K	$939K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.541	−0.014%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0072%	1h	93.560	+0.006%	$89K	$349K	20x	as long as short
Bullet HYPE-USD	−0.0038%	1h	93.523	−0.034%	$112K	$583K	20x	as long as short
Derive HYPE-PERP	−0.0007%	1h	93.475	−0.085%	$16.4M	$7.1M	10x	as long as short
dYdX HYPE-USDshort	0.0000%	1h	93.563	+0.009%	$127K	$32K	5x
Perpl HYPE	0.0000%	43m	93.578	+0.025%	$23K	$337K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.571	+0.017%	$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	+0.0018%	4h	93.538	−0.018%	$9.0M	$35.8M	300x	as long as short
Gate HYPE_USDT	+0.0024%	4h	93.539	−0.017%	$44.1M	$56.6M	75x	as long as short
Bybit HYPEUSDT	+0.0037%	8h	93.527	−0.029%	$325.8M	$287.0M	75x	as long as short
Orderly PERP_HYPE_USDC	+0.0068%	4h	93.516	−0.041%	$175K	$535K	20x	as long as short
Phoenix HYPE	+0.0068%	1h	93.549	−0.006%	$216K	$1.2M	10x	as long as short
Popdex HYPEUSDT	+0.0072%	1h	93.535	−0.021%	$57K	$1.2M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.600	+0.049%	$18.6M	$59.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.580	+0.027%	$3.1M	$12.3M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0100%	8h	93.576	+0.023%	$340K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.560	+0.006%	$40K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.525	−0.031%	$6.0M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.623	+0.073%	$2.04B	$669.5M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.569	+0.016%	$10.0M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.544	−0.011%	$385.9M	$887.4M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.518	−0.039%	$114.9M	$315.2M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.523	−0.034%	$1.2M	$4.0M	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.534	−0.022%	$93.5M	$82.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.569	+0.016%	$46.4M	$18.7M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.557	+0.003%	$227.3M	$102.1M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.535	−0.021%	—	$54.2M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.551	−0.004%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.541	−0.015%	$28.9M	$49.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.580	+0.028%	$7.5M	$45.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.558	+0.004%	$406K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.602	+0.051%	$677K	$2.4M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.573	+0.020%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.571	+0.018%	$494K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.530	−0.026%	$76K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.558	+0.004%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.513	−0.044%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.546	−0.009%	$12.7M	$2.6M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.556	+0.002%	$204K	$12K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.536	−0.020%	$18.4M	$41.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.520	−0.037%	$398K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0116%	4h	93.544	−0.011%	$5.1M	$29.6M	30x	as long as short
Kalshi KXHYPEPERP	+0.0126%	8h	93.567	+0.013%	$1.9M	$5.3M	2.3x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0188%	1h	93.619	+0.069%	$7.4M	$4.6M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.560	+0.006%	$4.9M	$5.7M	50x	as long as short
Reya HYPERUSDPERP	+0.0245%	1h	93.526	−0.031%	$78K	$158K	15x	as long as short
Injective HYPE/USDC PERP	+0.0285%	1h	93.510	−0.048%	$30K	$291K	12x	as long as short
HTX HYPE-USDT	+0.0326%	4h	93.681	+0.135%	$1.5M	$7.6M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]long	L +0.0339% / S −0.0164%	1h	93.554	long leg	$1.4M	—	100x
BloFin HYPE-USDT	+0.0340%	4h	93.513	−0.044%	$17.0M	$12.5M	75x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.609	+0.058%	$2.7M	$6.8M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0573%	1h	93.631	+0.081%	$19.2M	$26.0M	50x	as long as short