HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1482%/8h= +162.3% APRnext payment +$1.85 per $10,000 · paid last 24h +0.276%

Price spread now: GMX against Hibachi+0.240%7-day average +0.095% · you sell dearer than you buy

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

Long on Hibachi Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+1.156%+$116 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.240%, 7d avg +0.095%

Together, before fees+1.138%+ Points / potential airdropHibachi: Active · farm board+$114 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$44 a day on $10k at the current rate, and GMX is 0.144% dearer against Hibachi than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi HYPE/USDT-P	94.055	−0.1328	get 0.0166% / 1h	12m 21s	$199K	$239K	7x
Short	GMX HYPE/USD [WBTC.b-USDC]	94.281	L +0.0333% / S −0.0154%	get 0.0019% / 1h	12m 21s	$1.4M	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Hibachi. 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 HibachibpFee GMXbpOrdersPrice spread, now +0.240%Rate

Funding earned: $311.19
Price spread: +0.240% → +0.095%: $14.45
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: $304.64
Costs to cover: 0.210%
Break-even: 0.1 days

Slippage unknown: Hibachi: live order book, 37 min ago; GMX: 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 Hibachi live order book, 37 min ago	24.38 bp	29.9 bp −$30	49.1 bp −$491	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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-Plong	−0.1328%	1h	94.055	long leg	$199K	$239K	7x
Aftermath Perps HYPEUSD	−0.0387%	1h	94.011	−0.048%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.149	+0.100%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0015%	1h	94.266	+0.224%	$112K	$580K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0015%	4h	94.262	+0.220%	$147K	$677K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.186	+0.139%	$129K	$29K	5x	as long as short
01 Exchange HYPEUSD	0.0000%	1h	94.225	+0.180%	$86K	$372K	20x	as long as short
Perpl HYPE	0.0000%	43m	94.290	+0.249%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	94.296	+0.256%	$63K	—	150x	as long as short
Arcus HYPE-USD	+0.0011%	1h	94.202	+0.156%	$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	94.270	+0.228%	$319.2M	$285.6M	75x	as long as short
Bitget HYPEUSDT	+0.0022%	4h	94.307	+0.268%	$227.5M	$99.2M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	94.200	+0.154%	$209K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0027%	8h	94.145	+0.095%	$12.8M	$2.8M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0066%	1h	94.080	+0.026%	$709K	$1.2M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	94.230	+0.186%	$342K	$158K	20x	as long as short
Lighter HYPE	+0.0096%	1h	94.221	+0.176%	$16.4M	$63.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.204	+0.158%	$3.1M	$11.6M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.254	+0.211%	$72K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.180	+0.133%	$28K	$1.7M	10x	as long as short
edgeX HYPEUSDC	+0.0100%	4h	94.090	+0.037%	$5.0M	$30.2M	30x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.213	+0.168%	$7.2M	$48.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.307	+0.268%	$2.06B	$678.0M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.272	+0.230%	$8.8M	$36.6M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.254	+0.211%	$10.2M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.275	+0.233%	$378.3M	$921.4M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.296	+0.256%	$116.4M	$316.4M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.260	+0.218%	$48.1M	$55.4M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.259	+0.217%	$90.1M	$82.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.237	+0.193%	$46.5M	$18.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.245	+0.202%	—	$53.5M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.229	+0.185%	$7.2M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.099	+0.047%	$28.9M	$56.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.125	+0.074%	$7.7M	$48.4M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.113	+0.061%	$337K	$998K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.142	+0.092%	$674K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.288	+0.248%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.252	+0.209%	$478K	$2.8M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.291	+0.251%	$80K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	94.277	+0.235%	$16.2M	$7.4M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.244	+0.201%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.185	+0.138%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.333	+0.295%	$1.4M	$6.6M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.197	+0.151%	$217K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.191	+0.144%	$18.3M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.298	+0.258%	$399K	$159K	20x	as long as short
Kalshi KXHYPEPERP	+0.0120%	8h	94.246	+0.203%	$1.8M	$5.6M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	94.310	+0.271%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.220	+0.175%	$4.7M	$6.1M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0153%	1h	94.254	+0.211%	$7.5M	$4.1M	50x	as long as short
Reya HYPERUSDPERP	+0.0270%	1h	94.197	+0.151%	$77K	$130K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]short	L +0.0333% / S −0.0154%	1h	94.281	+0.240%	$1.4M	—	100x
Kraken Futures PF_HYPEUSD	+0.0338%	1h	94.260	+0.218%	$21.0M	$29.6M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.169	+0.121%	$16.8M	$12.1M	75x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	94.279	+0.238%	$3.2M	$6.3M	20x	as long as short