Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Measured
My alerts

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.

Alert: spread
My alerts

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 03:00 UTC−0.0144%/8h= −15.7% APRpaid last 24h −0.024%
Price spread now: HTX against GMX+0.141%7-day average +0.030% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on GMXShort on HTX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.149%−$15 on $10k
Price spread, last 4 days (all we have)−0.544%−$54 · spread now +0.141%, 7d avg +0.030%
Together, before fees−0.693%−$69 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.111% dearer against GMX than usual: you sell high and buy low (spread +0.141% now, against its 7-day average of +0.030%): +$11 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.6 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX HYPE/USD [WBTC.b-USDC]93.460L +0.0331% / S −0.0156%pay 0.0041% / 1h32m 03s$1.4M—100x
ShortHTX HYPE-USDT93.5920.0188get 0.0094% / 4h1h 32m$1.4M$6.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
−$30.16
Price spread: +0.141% → +0.030%
$11.13
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$43.03
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; HTX: live order book, 2 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 HTX live order book, 2 min ago0.05 bp9.8 bp −$1014.1 bp −$14151.8 bp −$5,181doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.1296%1h93.403−0.061%$196K$226K7xas long as short
Arcus HYPE-USD−0.0899%1h93.353−0.114%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0104%1h93.320−0.150%$699K$996K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.479+0.020%$3K$33125xas long as short
Phemex HYPEUSDT−0.0065%8h93.401−0.063%$12.6M$2.7M50xas long as short
Aftermath Perps HYPEUSD−0.0064%1h93.426−0.036%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0056%1h93.484+0.026%$85K$344K20xas long as short
Orderly PERP_HYPE_USDC−0.0042%4h93.423−0.039%$154K$648K20xas long as short
Bullet HYPE-USD−0.0006%1h93.440−0.021%$111K$578K20xas long as short
dYdX HYPE-USD0.0000%1h93.478+0.019%$128K$31K5xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.447−0.014%$23K$322K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.454−0.006%$62K—150xas long as short
BingX HYPE-USDT+0.0024%4h93.472+0.013%—$53.0M—as long as short
Aster HYPEUSDT+0.0025%4h93.479+0.020%$8.8M$35.5M300xas long as short
Phoenix HYPE+0.0026%1h93.393−0.072%$213K$1.2M10xas long as short
Bybit HYPEUSDT+0.0036%8h93.530+0.075%$321.8M$277.2M75xas long as short
Gate HYPE_USDT+0.0050%4h93.418−0.045%$44.6M$54.9M75xas long as short
OKX HYPE-USDT-SWAP+0.0076%8h93.410−0.053%$114.2M$301.9M50xas long as short
Lighter HYPE+0.0096%1h93.451−0.009%$16.3M$61.7M20xas long as short
Lighter RH HYPE+0.0096%1h93.441−0.020%$3.1M$11.6M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.470+0.011%$69K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0097%8h93.492+0.035%$340K$162K20xas long as short
MEXC HYPE_USDT+0.0098%4h93.430−0.032%$89.8M$80.8M100xas long as short
edgeX HYPEUSDC+0.0100%4h93.360−0.106%$5.1M$29.7M30xas long as short
Katana Perps HYPE-USD+0.0100%8h93.470+0.011%$17K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.441−0.020%$5.8M$43.2M10xas long as short
Hyperliquid HYPE+0.0100%1h93.521+0.065%$2.04B$654.1M10xas long as short
Pacifica HYPE+0.0100%1h93.481+0.023%$10.1M$14.6M20xas long as short
Binance HYPEUSDT+0.0100%4h93.503+0.046%$379.2M$876.0M75xas long as short
Bulk HYPE-USD+0.0100%1h93.364−0.102%$203K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.456−0.004%$46.0M$18.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.429−0.033%$225.9M$96.6M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.407−0.057%$7.4M$10.3M20xas long as short
Variational Omni HYPE+0.0100%8h93.367−0.100%$31.1M$53.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.422−0.040%$7.5M$45.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.349−0.119%$339K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.512+0.056%$667K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.496+0.039%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.496+0.039%$472K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.400−0.064%$79K$170K20xas long as short
Derive HYPE-PERP+0.0100%1h93.389−0.076%$16.2M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.519+0.063%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.415−0.048%$2.0M$1.9M10xas long as short
Extended HYPE-USD+0.0104%1h93.388−0.077%$18.4M$43.6M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.423−0.040%$397K$162K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.520+0.064%$4.8M$5.6M50xas long as short
HTX HYPE-USDTshort+0.0188%4h93.592+0.141%$1.4M$6.0M75x
Reya HYPERUSDPERP+0.0258%1h93.452−0.008%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0278%8h93.461+0.001%$1.9M$5.0M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0285%1h93.501+0.044%$7.5M$4.4M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]longL +0.0331% / S −0.0156%1h93.460long leg$1.4M—100x
BloFin HYPE-USDT+0.0340%4h93.487+0.029%$17.0M$11.6M75xas long as short
RISEx HYPE/USDC+0.0510%1h93.559+0.107%$3.2M$6.3M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.370−0.096%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSD+0.0685%1h93.477+0.018%$20.8M$29.7M50xas long as short