HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0121%/8h= +13.2% APRnext payment +$0.15 per $10,000 · paid last 24h −0.026%

Price spread now: Reya against GMX−0.084%7-day average −0.039% · you buy dearer than you sell

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

Long on GMX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.192%−$19 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.084%, 7d avg −0.039%

Together, before fees−0.189%+ Points / potential airdropReya: Active · farm board−$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Reya is 0.045% cheaper against GMX than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of −0.039%). If the spread goes back, that is −$4 on $10k: about 30 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 3 days funding on this pair cost −0.192%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX HYPE/USD [WBTC.b-USDC]	94.468	L +0.0151% / S +0.0022%	pay 0.0019% / 1h	6m 54s	$1.4M	—	100x
Short	Reya HYPERUSDPERP	94.388	0.0272	get 0.0034% / 1h	6m 54s	$83K	$134K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.084%Rate

Funding earned: $25.41
Price spread: −0.084% → −0.039%: −$4.5
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $2.91
Costs to cover: 0.180%
Break-even: 6.2 days

Slippage unknown: GMX: no order-book sample; Reya: no order-book sample. 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 Reya no order-book sample	—	—	—	—	—

GMX and Reya: 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	−0.1128%	1h	94.272	−0.207%	$200K	$234K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0158%	1h	94.298	−0.179%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0098%	1h	94.320	−0.156%	$710K	$1.2M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.392	−0.080%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0068%	1h	94.418	−0.052%	$111K	$578K	20x	as long as short
01 Exchange HYPEUSD	−0.0048%	1h	94.376	−0.097%	$87K	$366K	20x	as long as short
Bluefin HYPE-PERP	−0.0033%	1h	94.398	−0.074%	$80K	$155K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0012%	4h	94.383	−0.089%	$146K	$686K	20x	as long as short
Bybit HYPEUSDT	−0.0005%	8h	94.330	−0.146%	$317.8M	$289.4M	75x	as long as short
BingX HYPE-USDT	−0.0004%	4h	94.353	−0.121%	—	$53.5M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX HYPE-USD	0.0000%	1h	94.405	−0.067%	$129K	$26K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.463	−0.005%	$1.8M	$5.6M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.421	−0.049%	$19K	$287K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.424	−0.046%	$117K	—	150x	as long as short
Derive HYPE-PERP	+0.0003%	1h	94.317	−0.159%	$16.4M	$7.5M	10x	as long as short
Phoenix HYPE	+0.0017%	1h	94.223	−0.259%	$209K	$1.1M	10x	as long as short
Phemex HYPEUSDT	+0.0053%	8h	94.363	−0.111%	$12.9M	$2.9M	50x	as long as short
Bitget HYPEUSDT	+0.0054%	4h	94.336	−0.139%	$227.1M	$99.9M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0071%	8h	94.410	−0.061%	$337K	$156K	20x	as long as short
Arcus HYPE-USD	+0.0084%	1h	94.348	−0.127%	$1.0M	$3.5M	10x	as long as short
edgeX HYPEUSDC	+0.0085%	4h	94.169	−0.316%	$5.0M	$30.7M	30x	as long as short
OKX HYPE-USDT-SWAP	+0.0095%	8h	94.351	−0.123%	$116.5M	$320.4M	50x	as long as short
Lighter HYPE	+0.0096%	1h	94.387	−0.086%	$16.3M	$64.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.383	−0.089%	$3.2M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.358	−0.116%	$80K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.390	−0.082%	$15K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.358	−0.116%	$7.3M	$50.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.460	−0.008%	$2.08B	$687.4M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.367	−0.106%	$8.8M	$37.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.388	−0.084%	$10.2M	$15.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.354	−0.120%	$377.6M	$931.3M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.183	−0.301%	$217K	$15K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.358	−0.116%	$49.4M	$57.1M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.366	−0.107%	$90.0M	$85.4M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.381	−0.092%	$46.9M	$18.5M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.343	−0.132%	$7.6M	$10.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.138	−0.349%	$29.1M	$55.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.264	−0.215%	$7.6M	$46.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.207	−0.276%	$362K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.316	−0.160%	$682K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.428	−0.042%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.436	−0.033%	$496K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.451	−0.018%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.399	−0.073%	$2.1M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.550	+0.087%	$1.4M	$6.8M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.331	−0.145%	$18.2M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.422	−0.049%	$399K	$159K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	94.400	−0.071%	$4.7M	$6.2M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]long	L +0.0151% / S +0.0022%	1h	94.468	long leg	$1.4M	—	100x
Injective HYPE/USDC PERP	+0.0205%	1h	94.310	−0.167%	$30K	$340K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0258%	1h	94.492	+0.026%	$7.5M	$4.3M	50x	as long as short
Reya HYPERUSDPERPshort	+0.0272%	1h	94.388	−0.084%	$83K	$134K	15x
BloFin HYPE-USDT	+0.0340%	4h	94.367	−0.106%	$17.0M	$12.3M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0412%	1h	94.448	−0.021%	$20.2M	$30.3M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	94.406	−0.065%	$3.2M	$6.4M	20x	as long as short