HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0193%/8h= +21.2% APRnext payment +$0.24 per $10,000 · paid last 24h −0.008%

Price spread now: RISEx against GMX−0.002%7-day average +0.007% · you buy dearer than you sell

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

Long on GMX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.062%−$6 on $10k

Price spread, last 4 days (all we have)−0.067%−$7 · spread now −0.002%, 7d avg +0.007%

Together, before fees−0.129%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.062%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.062% in total (about -6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX HYPE/USD [WBTC.b-USDC]	94.281	L +0.0333% / S −0.0154%	pay 0.0042% / 1h	12m 04s	$1.4M	—	100x
Short	RISEx HYPE/USDC	94.279	0.0527	get 0.0066% / 1h	12m 04s	$3.2M	$6.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.002%Rate

Funding earned: $40.59
Price spread: −0.002% → +0.007%: −$0.86
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $21.73
Costs to cover: 0.180%
Break-even: 3.3 days

Slippage unknown: GMX: no order-book sample; RISEx: 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 RISEx live order book, 2 min ago	1.70 bp	4.7 bp −$5	6.1 bp −$61	doesn't fit	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	−0.1328%	1h	94.055	−0.239%	$199K	$239K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0387%	1h	94.011	−0.287%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.149	−0.140%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0015%	1h	94.266	−0.015%	$112K	$580K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0015%	4h	94.262	−0.020%	$147K	$677K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.186	−0.100%	$129K	$29K	5x	as long as short
01 Exchange HYPEUSD	0.0000%	1h	94.225	−0.059%	$86K	$372K	20x	as long as short
Perpl HYPE	0.0000%	43m	94.290	+0.009%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	94.296	+0.016%	$63K	—	150x	as long as short
Arcus HYPE-USD	+0.0011%	1h	94.202	−0.084%	$1.1M	$4.0M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	+0.0021%	8h	94.240	−0.043%	$319.1M	$285.5M	75x	as long as short
Bitget HYPEUSDT	+0.0022%	4h	94.262	−0.020%	$227.4M	$99.3M	75x	as long as short
Phemex HYPEUSDT	+0.0026%	8h	94.270	−0.012%	$12.8M	$2.8M	50x	as long as short
Phoenix HYPE	+0.0026%	1h	94.200	−0.086%	$209K	$1.2M	10x	as long as short
Ondo Perps HYPE-USD.P	+0.0066%	1h	94.080	−0.213%	$709K	$1.2M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	94.230	−0.054%	$342K	$158K	20x	as long as short
Lighter HYPE	+0.0096%	1h	94.308	+0.028%	$16.4M	$63.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.313	+0.034%	$3.2M	$11.6M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.254	−0.029%	$72K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.180	−0.107%	$28K	$1.7M	10x	as long as short
edgeX HYPEUSDC	+0.0100%	4h	94.090	−0.203%	$5.0M	$30.2M	30x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.213	−0.072%	$7.2M	$48.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.387	+0.112%	$2.07B	$678.2M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.280	−0.001%	$8.8M	$36.6M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.254	−0.029%	$10.2M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.303	+0.024%	$378.4M	$922.1M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.251	−0.032%	$116.5M	$316.5M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.289	+0.008%	$48.1M	$55.4M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.303	+0.023%	$89.8M	$82.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.317	+0.038%	$46.6M	$18.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.289	+0.008%	—	$53.6M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.323	+0.045%	$7.2M	$10.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.099	−0.193%	$28.9M	$56.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.125	−0.165%	$7.7M	$48.4M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.113	−0.178%	$337K	$998K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.142	−0.147%	$674K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.288	+0.008%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.252	−0.031%	$478K	$2.8M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.291	+0.011%	$80K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	94.277	−0.005%	$16.2M	$7.4M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.293	+0.013%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.303	+0.023%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.450	+0.179%	$1.4M	$6.6M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.197	−0.089%	$217K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.242	−0.042%	$18.3M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.298	+0.019%	$399K	$159K	20x	as long as short
Kalshi KXHYPEPERP	+0.0121%	8h	94.292	+0.012%	$1.8M	$5.6M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	94.310	+0.031%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.340	+0.063%	$4.7M	$6.1M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0195%	1h	94.383	+0.108%	$7.5M	$4.1M	50x	as long as short
Reya HYPERUSDPERP	+0.0270%	1h	94.197	−0.089%	$77K	$130K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]long	L +0.0333% / S −0.0154%	1h	94.281	long leg	$1.4M	—	100x
Kraken Futures PF_HYPEUSD	+0.0337%	1h	94.396	+0.121%	$21.1M	$29.5M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.169	−0.119%	$16.8M	$12.1M	75x	as long as short
RISEx HYPE/USDCshort	+0.0527%	1h	94.279	−0.002%	$3.2M	$6.3M	20x