HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0388%/8h= −42.5% APRnext payment −$0.49 per $10,000 · paid last 24h −0.094%

Price spread now: 01 Exchange against GMX+0.011%7-day average +0.013% · you sell dearer than you buy

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

Long on GMX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.243%−$24 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.011%, 7d avg +0.013%

Together, before fees−0.249%−$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX HYPE/USD [WBTC.b-USDC]	93.505	L +0.0332% / S −0.0154%	pay 0.0042% / 1h	36m 44s	$1.4M	—	100x
Short	01 Exchange HYPEUSD	93.515	−0.0056	pay 0.0007% / 1h	36m 44s	$86K	$369K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.011%Rate

Funding earned: −$81.54
Price spread: +0.011% → +0.013%: −$0.24
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$100.78
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; 01 Exchange: live order book, 7 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 01 Exchange live order book, 7 min ago	0.05 bp	5.7 bp −$6	9.7 bp −$97	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	−0.1056%	1h	93.361	−0.154%	$198K	$240K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0197%	1h	93.560	+0.059%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0111%	1h	93.390	−0.123%	$704K	$1.2M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.464	−0.044%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0063%	1h	93.480	−0.027%	$111K	$580K	20x	as long as short
01 Exchange HYPEUSDshort	−0.0056%	1h	93.515	+0.011%	$86K	$369K	20x
Bluefin HYPE-PERP	−0.0027%	1h	93.472	−0.035%	$79K	$155K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0021%	4h	93.461	−0.047%	$145K	$685K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.447	−0.062%	$128K	$28K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	93.534	+0.031%	$1.8M	$5.6M	2.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	93.480	−0.026%	$20K	$289K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.448	−0.061%	$83K	—	150x	as long as short
Bybit HYPEUSDT	+0.0002%	8h	93.385	−0.128%	$315.1M	$288.3M	75x	as long as short
BingX HYPE-USDT	+0.0002%	4h	93.393	−0.120%	—	$53.6M	—	as long as short
Derive HYPE-PERP	+0.0010%	1h	93.422	−0.088%	$16.2M	$7.4M	10x	as long as short
Phoenix HYPE	+0.0017%	1h	93.482	−0.025%	$209K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0042%	4h	93.404	−0.108%	$225.0M	$99.8M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0077%	8h	93.508	+0.003%	$334K	$161K	20x	as long as short
Arcus HYPE-USD	+0.0084%	1h	93.453	−0.056%	$1.0M	$4.0M	10x	as long as short
Phemex HYPEUSDT	+0.0086%	8h	93.459	−0.049%	$12.8M	$2.8M	50x	as long as short
edgeX HYPEUSDC	+0.0086%	4h	93.443	−0.066%	$5.0M	$30.5M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.410	−0.102%	$16.1M	$63.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.419	−0.092%	$3.1M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.476	−0.031%	$81K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.480	−0.027%	$22K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.475	−0.033%	$7.5M	$50.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.497	−0.009%	$2.04B	$680.6M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.429	−0.081%	$8.8M	$37.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.508	+0.003%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.400	−0.112%	$373.9M	$930.0M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.392	−0.121%	$115.3M	$314.7M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.408	−0.104%	$48.4M	$55.2M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.410	−0.102%	$89.3M	$83.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.417	−0.094%	$46.3M	$18.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.449	−0.060%	$7.2M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.479	−0.028%	$28.6M	$56.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.540	+0.038%	$7.5M	$48.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.577	+0.077%	$347K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.458	−0.050%	$677K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.530	+0.027%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.498	−0.007%	$469K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.533	+0.030%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.471	−0.036%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.615	+0.118%	$1.4M	$6.7M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.507	+0.002%	$216K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.367	−0.148%	$18.2M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.470	−0.037%	$395K	$159K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	93.460	−0.048%	$4.7M	$6.1M	50x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	93.430	−0.080%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	93.462	−0.046%	$77K	$129K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0295%	1h	93.567	+0.066%	$7.4M	$4.2M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]long	L +0.0332% / S −0.0154%	1h	93.505	long leg	$1.4M	—	100x
BloFin HYPE-USDT	+0.0340%	4h	93.480	−0.027%	$16.9M	$12.2M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0416%	1h	93.550	+0.048%	$20.9M	$29.6M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	93.514	+0.010%	$3.2M	$6.4M	20x	as long as short