Settings8H · net · $10k
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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 23:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h +0.037%
Price spread now: GMX against OKX+0.033%7-day average +0.036% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on OKXShort on GMX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.089%+$9 on $10k
Price spread, last 3 days (all we have)+0.072%+$7 · spread now +0.033%, 7d avg +0.036%
Together, before fees+0.161%+$16 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX HYPE-USDT-SWAP93.0210.0100pay 0.0100% / 8h1h 36m$113.8M$313.3M50x
ShortGMX HYPE/USD [WBTC.b-USDC]93.052L +0.0340% / S −0.0159%get 0.0020% / 1h36m 24s$1.5M—100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against OKX. 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

Funding earned
$12.38
Price spread: +0.033% → +0.036%
−$0.27
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
−$9.89
Costs to cover
0.220%
Break-even
12.6 days
Slippage unknown: OKX: live order book, 3 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
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago0.05 bp5.5 bp −$57.2 bp −$7217.1 bp −$1,705doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps HYPEUSD−0.0361%1h93.192+0.184%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0192%1h93.147+0.136%$197K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.027+0.006%$1.2M$4.0M10xas long as short
Ondo Perps HYPE-USD.P−0.0105%1h93.070+0.053%$698K$923K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.118+0.104%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0016%1h93.044+0.025%$90K$362K20xas long as short
Popdex HYPEUSDT−0.0008%1h93.039+0.019%$58K$1.2M50xas long as short
dYdX HYPE-USD0.0000%1h93.114+0.100%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.046+0.027%$23K$331K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.060+0.042%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0005%4h93.047+0.028%$8.8M$36.0M300xas long as short
Bybit HYPEUSDT+0.0027%8h93.020−0.001%$322.8M$286.9M75xas long as short
Orderly PERP_HYPE_USDC+0.0031%4h93.051+0.032%$171K$519K20xas long as short
Phoenix HYPE+0.0034%1h93.374+0.379%$214K$1.2M10xas long as short
Bullet HYPE-USD+0.0035%1h93.010−0.012%$111K$579K20xas long as short
Derive HYPE-PERP+0.0039%1h93.083+0.067%$16.3M$7.1M10xas long as short
Gate HYPE_USDT+0.0040%4h93.007−0.015%$43.8M$58.0M75xas long as short
MEXC HYPE_USDT+0.0088%4h93.018−0.003%$89.7M$81.8M100xas long as short
Binance HYPEUSDT+0.0089%4h93.022+0.001%$382.4M$892.6M75xas long as short
Lighter HYPE+0.0096%1h93.138+0.126%$18.5M$58.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.120+0.106%$3.1M$12.1M20xas long as short
Paradex HYPE-USD-PERP+0.0098%8h93.067+0.050%$338K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.060+0.042%$40K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.035+0.015%$5.9M$44.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.068+0.051%$2.02B$670.2M10xas long as short
Pacifica HYPE+0.0100%1h93.084+0.067%$10.0M$14.3M20xas long as short
OKX HYPE-USDT-SWAPlong+0.0100%8h93.021long leg$113.8M$313.3M50x
Bulk HYPE-USD+0.0100%1h93.390+0.397%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.058+0.040%$47.1M$18.9M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.034+0.014%$225.5M$102.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.026+0.005%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.118+0.104%$7.8M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h93.354+0.358%$29.0M$50.5M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.268+0.265%$7.5M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.246+0.242%$412K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.129+0.116%$674K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.096+0.081%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.067+0.049%$492K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.116+0.102%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.178+0.169%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.105+0.090%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.153+0.142%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.033+0.013%$18.2M$42.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.094+0.078%$396K$318K20xas long as short
edgeX HYPEUSDC+0.0106%4h93.228+0.223%$5.1M$29.6M30xas long as short
Kalshi KXHYPEPERP+0.0108%8h93.221+0.215%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.190+0.182%$4.9M$5.7M50xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.070+0.053%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0247%1h93.017−0.004%$77K$158K15xas long as short
HTX HYPE-USDT+0.0259%4h93.300+0.300%$1.5M$7.7M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.113+0.099%$2.8M$6.8M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0319%1h93.211+0.204%$7.4M$4.6M50xas long as short
BloFin HYPE-USDT+0.0329%4h93.087+0.071%$16.9M$12.4M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]shortL +0.0340% / S −0.0159%1h93.052+0.033%$1.5M—100x
Kraken Futures PF_HYPEUSD+0.0466%1h93.200+0.192%$20.8M$28.9M50xas long as short