HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0230%/8h= −25.2% APRnext payment −$0.29 per $10,000 · paid last 24h −0.071%

Price spread now: Vest against GMX+0.003%7-day average −0.028% · you sell dearer than you buy

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

Long on GMX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.308%−$31 on $10k

Price spread, last 4 days (all we have)−0.168%−$17 · spread now +0.003%, 7d avg −0.028%

Together, before fees−0.476%+ Points / potential airdropVest: Active · farm board−$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Vest is 0.031% dearer against GMX than usual: you sell high and buy low (spread +0.003% now, against its 7-day average of −0.028%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX HYPE/USD [WBTC.b-USDC]	92.870	L +0.0330% / S −0.0154%	pay 0.0041% / 1h	55m 01s	$1.4M	—	100x
Short	Vest HYPE-PERP	92.873	0.0100	get 0.0013% / 1h	55m 01s	—	$243K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$48.39
Price spread: +0.003% → −0.028%: $3.06
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: −$59.33
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Vest: 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 Vest no order-book sample	—	—	—	—	—

GMX and Vest: 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	−0.0512%	1h	92.611	−0.279%	$193K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0266%	1h	92.810	−0.065%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	92.776	−0.101%	$1.1M	$3.9M	10x	as long as short
Gate HYPE_USDT	−0.0134%	4h	92.947	+0.083%	$44.5M	$53.5M	75x	as long as short
ApeX Omni HYPEUSDT	−0.0091%	1h	92.784	−0.093%	$350K	$1.0M	50x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.814	−0.061%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0063%	4h	92.892	+0.023%	$157K	$653K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.772	−0.105%	$127K	$29K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	92.870	0.000%	$1.8M	$5.4M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	92.800	−0.075%	$22K	$302K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.897	+0.028%	$62K	—	150x	as long as short
Phemex HYPEUSDT	+0.0038%	8h	92.939	+0.074%	$12.6M	$2.7M	50x	as long as short
Bybit HYPEUSDT	+0.0039%	8h	92.923	+0.057%	$316.6M	$281.9M	75x	as long as short
Phoenix HYPE	+0.0043%	1h	92.888	+0.019%	$210K	$1.2M	10x	as long as short
01 Exchange HYPEUSD	+0.0056%	1h	92.868	−0.002%	$87K	$362K	20x	as long as short
Aster HYPEUSDT	+0.0072%	4h	92.899	+0.031%	$8.7M	$36.2M	300x	as long as short
Bitget HYPEUSDT	+0.0082%	4h	92.950	+0.086%	$225.1M	$98.8M	75x	as long as short
edgeX HYPEUSDC	+0.0088%	4h	92.755	−0.124%	$4.9M	$29.5M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0096%	8h	92.792	−0.085%	$339K	$163K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.932	+0.066%	$16.1M	$62.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.937	+0.072%	$3.1M	$11.6M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	92.820	−0.054%	$69K	$1.1M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.810	−0.065%	$39K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.767	−0.111%	$7.5M	$45.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.010	+0.150%	$2.03B	$664.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.827	−0.047%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.950	+0.086%	$373.5M	$903.4M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	92.940	+0.075%	$113.9M	$304.4M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	92.760	−0.119%	$697K	$1.1M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.800	−0.076%	$202K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.964	+0.101%	$88.2M	$79.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.956	+0.092%	$46.2M	$18.4M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	92.954	+0.090%	—	$53.8M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.969	+0.106%	$7.3M	$11.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.709	−0.174%	$28.4M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.766	−0.112%	$7.5M	$46.3M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.738	−0.142%	$666K	$2.8M	20x	as long as short
Vest HYPE-PERPshort	+0.0100%	1h	92.873	+0.003%	—	$243K	5x
Polymarket Perps HYPE-USD	+0.0100%	1h	92.871	+0.001%	$468K	$2.6M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	92.841	−0.032%	$111K	$579K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.925	+0.059%	$79K	$168K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.900	+0.032%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.913	+0.046%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.925	+0.059%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0101%	4h	93.050	+0.194%	$1.4M	$6.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.894	+0.026%	$18.1M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.917	+0.050%	$393K	$164K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	92.960	+0.097%	$4.7M	$5.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0197%	1h	93.008	+0.148%	$20.6M	$30.4M	50x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	92.760	−0.119%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0264%	1h	92.853	−0.019%	$79K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]long	L +0.0330% / S −0.0154%	1h	92.870	long leg	$1.4M	—	100x
BloFin HYPE-USDT	+0.0340%	4h	92.910	+0.043%	$16.8M	$11.7M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0438%	1h	93.020	+0.161%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	92.874	+0.004%	$3.2M	$6.4M	20x	as long as short