Funding you earn now, next payment 06:00 UTC−0.0232%/8h= −25.4% APRpaid last 24h −0.088%
Price spread now: OKX against GMX+0.009%7-day average −0.031% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.224%−$22 on $10k
+Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.009%, 7d avg −0.031%
=The price spread pays, funding is against you. OKX is 0.040% dearer against GMX than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.031%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 14 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX HYPE/USD [WBTC.b-USDC] | 93.362 | L +0.0332% / S −0.0154% | pay 0.0042% / 1h | 36m 46s | $1.4M | — | 100x |
| Short | OKX HYPE-USDT-SWAP | 93.370 | 0.0100 | get 0.0100% / 8h | 2h 36m | $114.5M | $309.4M | 50x |
GMX HYPE/USD [WBTC.b-USDC]
OKX HYPE-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$48.74
- Price spread: +0.009% → −0.031%
- $4.01
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$66.74
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; OKX: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy GMX no order-book sample | — | — | — | — | — |
| Sell OKX live order book, 2 min ago | 0.05 bp | 7.4 bp −$7 | 9.9 bp −$99 | 18.4 bp −$1,843 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1688% | 1h | 93.098 | −0.282% | $196K | $234K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0370% | 1h | 93.313 | −0.053% | $22K | $21K | 10x | as long as short |
| Bullet HYPE-USD | −0.0084% | 1h | 93.327 | −0.037% | $111K | $578K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.256 | −0.113% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0024% | 1h | 93.347 | −0.016% | $87K | $366K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0022% | 4h | 93.329 | −0.035% | $146K | $663K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.377 | +0.016% | $128K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.328 | −0.036% | $22K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.370 | +0.009% | $62K | — | 150x | as long as short |
| Arcus HYPE-USD | +0.0011% | 1h | 93.355 | −0.007% | $1.0M | $4.0M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Bullet HYPE-USD
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Arcus HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget HYPEUSDT | +0.0016% | 4h | 93.364 | +0.002% | $225.7M | $98.9M | 75x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0019% | 1h | 93.170 | −0.206% | $702K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0021% | 8h | 93.359 | −0.003% | $317.2M | $283.7M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.305 | −0.061% | $209K | $1.2M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0035% | 8h | 93.348 | −0.015% | $12.6M | $2.7M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0093% | 4h | 93.126 | −0.252% | $4.9M | $30.0M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0095% | 8h | 93.416 | +0.058% | $340K | $162K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.382 | +0.021% | $16.1M | $63.1M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.387 | +0.027% | $3.1M | $11.4M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.337 | −0.027% | $76K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.360 | −0.002% | $28K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.332 | −0.032% | $8.0M | $48.5M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.393 | +0.034% | $2.03B | $668.0M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.361 | −0.001% | $8.7M | $36.5M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.409 | +0.051% | $10.1M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.380 | +0.020% | $374.1M | $913.7M | 75x | as long as short |
| OKX HYPE-USDT-SWAPshort | +0.0100% | 8h | 93.370 | +0.009% | $114.5M | $309.4M | 50x | |
| Gate HYPE_USDT | +0.0100% | 4h | 93.369 | +0.008% | $46.6M | $54.2M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.382 | +0.021% | $89.9M | $80.9M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.366 | +0.004% | $46.1M | $18.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.368 | +0.007% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.380 | +0.019% | $7.3M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.140 | −0.238% | $28.5M | $56.6M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.194 | −0.179% | $7.5M | $47.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.132 | −0.246% | $342K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.228 | −0.143% | $667K | $2.9M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.354 | −0.008% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.345 | −0.018% | $484K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.347 | −0.016% | $79K | $166K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.320 | −0.045% | $16.1M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.324 | −0.041% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.364 | +0.002% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.491 | +0.138% | $1.4M | $6.4M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.344 | −0.019% | $215K | $15K | 10x | as long as short |
| Kalshi KXHYPEPERP | +0.0103% | 8h | 93.376 | +0.015% | $1.8M | $5.7M | 2.3x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.346 | −0.017% | $18.1M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.367 | +0.006% | $395K | $161K | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 93.290 | −0.077% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.430 | +0.073% | $4.8M | $5.6M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0268% | 1h | 93.327 | −0.037% | $80K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC]long | L +0.0332% / S −0.0154% | 1h | 93.362 | long leg | $1.4M | — | 100x | |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.342 | −0.021% | $16.9M | $11.9M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0341% | 1h | 93.422 | +0.064% | $20.8M | $29.6M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0457% | 1h | 93.446 | +0.090% | $7.5M | $4.0M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 93.448 | +0.092% | $3.2M | $6.2M | 20x | as long as short |
Bitget HYPEUSDT
Ondo Perps HYPE-USD.P
Bybit HYPEUSDT
Phoenix HYPE
Phemex HYPEUSDT
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Bulk HYPE-USD
Kalshi KXHYPEPERP
Extended HYPE-USD
Aevo HYPE-PERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC