HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0059%/8h= +6.5% APRnext payment +$0.07 per $10,000 · paid last 24h +0.017%

Price spread now: GMX against Lighter RH+0.101%7-day average −0.001% · you sell dearer than you buy

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

Long on Lighter RH Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.070%+$7 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.101%, 7d avg −0.001%

Together, before fees+0.011%+ Points / potential airdropLighter RH: Points live · farm board+$1 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 0.102% dearer against Lighter RH than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH HYPE	94.827	0.0096	pay 0.0012% / 1h	51m 33s	$3.2M	$9.8M	20x
Short	GMX HYPE/USD [WBTC.b-USDC]	94.923	L +0.0330% / S −0.0155%	get 0.0019% / 1h	51m 33s	$1.4M	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter RH. 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 Lighter RHbpFee GMXbpOrdersPrice spread, now +0.101%Rate

Funding earned: $12.41
Price spread: +0.101% → −0.001%: $10.25
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $10.66
Costs to cover: 0.120%
Break-even: 1.0 days

Slippage unknown: Lighter RH: live order book, 5 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 RH live order book, 5 min ago	0.31 bp	0.7 bp −$1	3.8 bp −$38	27.1 bp −$2,715	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 exchanges

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
Kraken Futures PF_HYPEUSD	−0.0282%	1h	94.895	+0.071%	$18.3M	$32.7M	50x	as long as short
Phemex HYPEUSDT	−0.0269%	8h	94.928	+0.107%	$13.0M	$2.3M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0228%	1h	94.770	−0.060%	$677K	$1.3M	10x	as long as short
Bluefin HYPE-PERP	−0.0204%	1h	94.829	+0.002%	$78K	$130K	20x	as long as short
Lighter HYPE	−0.0104%	1h	94.817	−0.011%	$16.5M	$55.2M	20x	as long as short
Aster HYPEUSDT	−0.0101%	4h	94.800	−0.028%	$9.1M	$34.3M	300x	as long as short
01 Exchange HYPEUSD	−0.0096%	1h	94.794	−0.035%	$102K	$349K	20x	as long as short
Gate HYPE_USDT	−0.0082%	4h	94.799	−0.030%	$55.8M	$52.6M	75x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.894	+0.071%	$3K	$421	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0072%	4h	94.831	+0.004%	$147K	$642K	20x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International HYPE-PERP-INTX	−0.0064%	1h	94.980	+0.161%	$4.7M	$5.4M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0053%	1h	95.079	+0.266%	$22K	$17K	10x	as long as short
Bullet HYPE-USD	−0.0044%	1h	94.894	+0.070%	$113K	$585K	20x	as long as short
OKX HYPE-USDT-SWAP	−0.0042%	8h	94.781	−0.049%	$118.8M	$301.8M	50x	as long as short
Bitget HYPEUSDT	−0.0028%	4h	94.787	−0.042%	$229.5M	$85.7M	75x	as long as short
Phoenix HYPE	−0.0017%	1h	94.936	+0.115%	$198K	$1.1M	10x	as long as short
ApeX Omni HYPEUSDT	−0.0010%	1h	95.003	+0.186%	$323K	$925K	50x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.862	+0.037%	$128K	$96K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.805	−0.023%	$23K	$248K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	94.910	+0.088%	$99K	—	150x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0024%	1h	94.946	+0.125%	$7.5M	$4.2M	50x	as long as short
edgeX HYPEUSDC	+0.0025%	4h	94.997	+0.180%	$5.0M	$27.9M	30x	as long as short
Bybit HYPEUSDT	+0.0026%	8h	94.800	−0.028%	$320.1M	$261.9M	75x	as long as short
Popdex HYPEUSDT	+0.0032%	1h	94.808	−0.020%	$274K	$998K	50x	as long as short
MEXC HYPE_USDT	+0.0032%	4h	94.805	−0.023%	$89.7M	$82.3M	100x	as long as short
Binance HYPEUSDT	+0.0033%	4h	94.792	−0.037%	$382.2M	$847.9M	75x	as long as short
Derive HYPE-PERP	+0.0033%	1h	94.804	−0.024%	$16.4M	$7.0M	10x	as long as short
BingX HYPE-USDT	+0.0042%	4h	94.790	−0.039%	—	$49.5M	—	as long as short
SoDEX HYPE-USD	+0.0065%	1h	94.861	+0.036%	$2.1M	$335K	10x	as long as short
Backpack HYPE_USDC_PERP	+0.0068%	1h	94.802	−0.026%	$6.8M	$12.3M	20x	as long as short
KuCoin HYPEUSDTM	+0.0088%	4h	94.826	−0.001%	$47.4M	$17.7M	75x	as long as short
Aevo HYPE-PERP	+0.0088%	1h	94.827	0.000%	$401K	$125K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0092%	8h	94.826	−0.002%	$338K	$30K	20x	as long as short
Lighter RH HYPElong	+0.0096%	1h	94.827	long leg	$3.2M	$9.8M	20x
Katana Perps HYPE-USD	+0.0099%	8h	94.760	−0.071%	$39K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.915	+0.093%	$7.2M	$50.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.905	+0.082%	$2.10B	$639.5M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.845	+0.019%	$10.2M	$12.9M	20x	as long as short
Arcus HYPE-USD	+0.0100%	1h	94.806	−0.022%	$1.0M	$2.8M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.036	+0.221%	$228K	$20K	10x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.030	+0.214%	$29.7M	$52.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.002	+0.185%	$7.7M	$41.1M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.901	+0.078%	$690K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.877	+0.052%	—	$80K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.805	−0.023%	$497K	$2.4M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.916	+0.094%	$32K	$1.4M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.015	+0.198%	$1.4M	$5.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.763	−0.067%	$18.2M	$37.4M	50x	as long as short
Kalshi KXHYPEPERP	+0.0119%	8h	94.996	+0.178%	$1.8M	$5.1M	2.3x	as long as short
RISEx HYPE/USDC	+0.0138%	1h	94.820	−0.008%	$3.1M	$5.2M	20x	as long as short
BloFin HYPE-USDT	+0.0143%	4h	94.953	+0.133%	$17.5M	$11.6M	75x	as long as short
Reya HYPERUSDPERP	+0.0268%	1h	94.745	−0.087%	$84K	$90K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]short	L +0.0330% / S −0.0155%	1h	94.923	+0.101%	$1.4M	—	100x
Hibachi HYPE/USDT-P	+0.1016%	1h	94.967	+0.147%	$214K	$277K	7x	as long as short
Injective HYPE/USDC PERP	+0.1234%	1h	95.420	+0.625%	$31K	$334K	12x	as long as short