HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.08 per $10,000 · paid last 24h +0.014%

Price spread now: GMX against Pacifica+0.034%7-day average −0.004% · you sell dearer than you buy

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

Long on Pacifica Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.059%+$6 on $10k

Price spread, last 3 days (all we have)+0.038%+$4 · spread now +0.034%, 7d avg −0.004%

Together, before fees+0.098%+ Points / potential airdropPacifica: Active · farm board+$10 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 0.038% dearer against Pacifica than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica HYPE	93.353	0.0100	pay 0.0013% / 1h	38m 36s	$10.0M	$14.4M	20x
Short	GMX HYPE/USD [WBTC.b-USDC]	93.384	L +0.0338% / S −0.0164%	get 0.0021% / 1h	38m 36s	$1.4M	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Pacifica. 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 PacificabpFee GMXbpOrdersPrice spread, now +0.034%Rate

Funding earned: $13.45
Price spread: +0.034% → −0.004%: $3.77
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$2.78
Costs to cover: 0.200%
Break-even: 8.4 days

Slippage unknown: Pacifica: live order book, just now; 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 Pacifica live order book, just now	0.05 bp	4.5 bp −$4	doesn't fit	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-P	−0.1160%	1h	93.364	+0.012%	$197K	$233K	7x	as long as short
Ondo Perps HYPE-USD.P	−0.0258%	1h	93.250	−0.110%	$700K	$941K	10x	as long as short
Aftermath Perps HYPEUSD	−0.0227%	1h	93.388	+0.037%	$22K	$22K	10x	as long as short
01 Exchange HYPEUSD	−0.0088%	1h	93.364	+0.012%	$89K	$347K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.300	−0.057%	$3K	$331	25x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.316	−0.040%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.366	+0.013%	$23K	$337K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.366	+0.013%	$20K	—	150x	as long as short
Derive HYPE-PERP	+0.0003%	1h	93.292	−0.065%	$16.4M	$7.1M	10x	as long as short
Bullet HYPE-USD	+0.0008%	1h	93.329	−0.025%	$112K	$583K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0009%	4h	93.317	−0.039%	$8.9M	$35.9M	300x	as long as short
Gate HYPE_USDT	+0.0012%	4h	93.339	−0.015%	$44.0M	$56.5M	75x	as long as short
Bybit HYPEUSDT	+0.0035%	8h	93.340	−0.014%	$325.2M	$287.5M	75x	as long as short
Phoenix HYPE	+0.0068%	1h	93.527	+0.186%	$216K	$1.2M	10x	as long as short
Popdex HYPEUSDT	+0.0072%	1h	93.340	−0.014%	$56K	$1.2M	50x	as long as short
Orderly PERP_HYPE_USDC	+0.0072%	4h	93.327	−0.028%	$180K	$529K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.340	−0.014%	$18.5M	$59.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.336	−0.018%	$3.1M	$12.3M	20x	as long as short
SoDEX HYPE-USD	+0.0099%	1h	93.291	−0.066%	$2.0M	$2.0M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0100%	8h	93.343	−0.011%	$339K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.350	−0.003%	$40K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.340	−0.014%	$6.0M	$44.2M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.367	+0.015%	$2.03B	$667.5M	10x	as long as short
Pacifica HYPElong	+0.0100%	1h	93.353	long leg	$10.0M	$14.4M	20x
Binance HYPEUSDT	+0.0100%	4h	93.339	−0.015%	$385.3M	$888.3M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.333	−0.021%	$114.7M	$315.1M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.312	−0.044%	$1.2M	$4.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.403	+0.053%	$204K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.319	−0.036%	$92.7M	$82.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.325	−0.030%	$46.4M	$19.0M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.340	−0.014%	$226.7M	$102.1M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.330	−0.025%	—	$54.2M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.315	−0.041%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.375	+0.024%	$28.9M	$49.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.408	+0.059%	$7.5M	$44.9M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.381	+0.030%	$405K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.453	+0.107%	$676K	$2.4M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.391	+0.040%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.361	+0.009%	$493K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.332	−0.022%	$76K	$169K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.365	+0.013%	$32K	$1.6M	20x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.356	+0.003%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.329	−0.026%	$18.4M	$41.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.307	−0.049%	$397K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0109%	4h	93.377	+0.026%	$5.1M	$29.5M	30x	as long as short
Kalshi KXHYPEPERP	+0.0110%	8h	93.405	+0.056%	$1.9M	$5.4M	2.3x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0200%	1h	93.411	+0.062%	$7.4M	$4.6M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.360	+0.007%	$4.9M	$5.7M	50x	as long as short
Reya HYPERUSDPERP	+0.0245%	1h	93.325	−0.030%	$78K	$158K	15x	as long as short
Injective HYPE/USDC PERP	+0.0285%	1h	93.310	−0.046%	$30K	$231K	12x	as long as short
GMX HYPE/USD [WBTC.b-USDC]short	L +0.0338% / S −0.0164%	1h	93.384	+0.034%	$1.4M	—	100x
BloFin HYPE-USDT	+0.0340%	4h	93.314	−0.042%	$17.0M	$12.5M	75x	as long as short
HTX HYPE-USDT	+0.0347%	4h	93.500	+0.157%	$1.5M	$7.6M	75x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.410	+0.061%	$2.8M	$6.8M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0574%	1h	93.389	+0.038%	$19.2M	$25.9M	50x	as long as short