Funding you earn now, next payment 05:00 UTC+0.0058%/8h= +6.3% APRnext payment +$0.07 per $10,000 · paid last 24h +0.014%
Price spread now: GMX against Lighter+0.048%7-day average −0.025% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.061%+$6 on $10k
+Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.048%, 7d avg −0.025%
=Together, before fees+0.051%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GMX is 0.073% dearer against Lighter than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.025%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HYPE | 92.836 | 0.0096 | pay 0.0012% / 1h | 58m 26s | $16.1M | $62.2M | 20x |
| Short | GMX HYPE/USD [WBTC.b-USDC] | 92.881 | L +0.0330% / S −0.0154% | get 0.0019% / 1h | 58m 26s | $1.4M | — | 100x |
Lighter HYPE
GMX HYPE/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $12.18
- Price spread: +0.048% → −0.025%
- $7.35
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $7.52
- Costs to cover
- 0.120%
- Break-even
- 2.7 days
Slippage unknown: Lighter: live order book, 6 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 Lighter live order book, 6 min ago | 0.34 bp | 0.4 bp $0 | 1.9 bp −$19 | 9.5 bp −$946 | 34.4 bp −$17.2K |
| 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-P | −0.0472% | 1h | 92.744 | −0.099% | $193K | $228K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0288% | 1h | 92.824 | −0.013% | $22K | $21K | 10x | as long as short |
| Arcus HYPE-USD | −0.0194% | 1h | 92.800 | −0.039% | $1.1M | $3.9M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.836 | 0.000% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0077% | 1h | 92.815 | −0.023% | $111K | $579K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0063% | 4h | 92.801 | −0.038% | $157K | $653K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.865 | +0.031% | $127K | $29K | 5x | as long as short |
| Popdex HYPEUSDT | 0.0000% | 1h | 92.826 | −0.011% | $70K | $1.1M | 50x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.832 | −0.004% | $22K | $302K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.837 | +0.001% | $62K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Bullet HYPE-USD
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Popdex HYPEUSDT
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex HYPEUSDT | +0.0029% | 8h | 92.858 | +0.024% | $12.5M | $2.7M | 50x | as long as short |
| BingX HYPE-USDT | +0.0036% | 4h | 92.823 | −0.014% | — | $53.5M | — | as long as short |
| Phoenix HYPE | +0.0043% | 1h | 92.952 | +0.125% | $210K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0044% | 8h | 92.800 | −0.039% | $316.3M | $281.3M | 75x | as long as short |
| Gate HYPE_USDT | +0.0046% | 4h | 92.800 | −0.039% | $44.4M | $53.4M | 75x | as long as short |
| 01 Exchange HYPEUSD | +0.0048% | 1h | 92.856 | +0.022% | $87K | $362K | 20x | as long as short |
| Aster HYPEUSDT | +0.0071% | 4h | 92.831 | −0.005% | $8.7M | $36.2M | 300x | as long as short |
| Bitget HYPEUSDT | +0.0086% | 4h | 92.783 | −0.057% | $224.6M | $98.7M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0093% | 4h | 92.871 | +0.038% | $4.9M | $29.6M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0096% | 8h | 92.851 | +0.016% | $339K | $163K | 20x | as long as short |
| Lighter HYPElong | +0.0096% | 1h | 92.836 | long leg | $16.1M | $62.2M | 20x | |
| Lighter RH HYPE | +0.0096% | 1h | 92.847 | +0.012% | $3.1M | $11.6M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0099% | 8h | 92.830 | −0.006% | $113.9M | $303.6M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.820 | −0.017% | $38K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.835 | −0.001% | $7.4M | $45.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.877 | +0.044% | $2.02B | $663.9M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.848 | +0.013% | $10.0M | $15.2M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.818 | −0.019% | $372.9M | $902.2M | 75x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0100% | 1h | 92.850 | +0.015% | $698K | $1.1M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.800 | −0.039% | $202K | $13K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.813 | −0.025% | $88.1M | $79.7M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.837 | +0.001% | $46.1M | $18.4M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.838 | +0.002% | $7.3M | $11.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.859 | +0.025% | $28.5M | $57.4M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.903 | +0.072% | $7.5M | $46.3M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.856 | +0.022% | $350K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.886 | +0.054% | $667K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.883 | +0.051% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.856 | +0.022% | $468K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.806 | −0.032% | $79K | $168K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 92.850 | +0.016% | $16.1M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.857 | +0.023% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.866 | +0.032% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.034 | +0.213% | $1.4M | $6.3M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.799 | −0.040% | $18.1M | $43.5M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.885 | +0.053% | $393K | $164K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 92.950 | +0.123% | $4.7M | $5.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0197% | 1h | 92.919 | +0.090% | $20.6M | $30.4M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0224% | 8h | 92.935 | +0.107% | $1.8M | $5.4M | 2.3x | as long as short |
| Injective HYPE/USDC PERP | +0.0242% | 1h | 92.870 | +0.037% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0263% | 1h | 92.815 | −0.023% | $79K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC]short | L +0.0330% / S −0.0154% | 1h | 92.881 | +0.048% | $1.4M | — | 100x | |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.887 | +0.055% | $16.8M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0396% | 1h | 92.952 | +0.125% | $7.5M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0598% | 1h | 92.891 | +0.060% | $3.2M | $6.4M | 20x | as long as short |
Phemex HYPEUSDT
BingX HYPE-USDT
Phoenix HYPE
Bybit HYPEUSDT
Gate HYPE_USDT
01 Exchange HYPEUSD
Aster HYPEUSDT
Bitget HYPEUSDT
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Lighter RH HYPE
OKX HYPE-USDT-SWAP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
Ondo Perps HYPE-USD.P
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
Kraken Futures PF_HYPEUSD
Kalshi KXHYPEPERP
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC