HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h +0.015%

Price spread now: GMX against SoDEX−0.005%7-day average +0.015% · you buy dearer than you sell

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

Long on SoDEX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.065%+$6 on $10k

Price spread, last 4 days (all we have)+0.128%+$13 · spread now −0.005%, 7d avg +0.015%

Together, before fees+0.192%+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX HYPE-USD	93.435	0.0100	pay 0.0013% / 1h	54m 10s	$2.0M	$1.9M	10x
Short	GMX HYPE/USD [WBTC.b-USDC]	93.431	L +0.0332% / S −0.0154%	get 0.0019% / 1h	54m 10s	$1.4M	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against SoDEX. 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 SoDEXbpFee GMXbpOrdersPrice spread, now −0.005%Rate

Funding earned: $11.31
Price spread: −0.005% → +0.015%: −$1.94
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$10.63
Costs to cover: 0.200%
Break-even: 13.6 days

Slippage unknown: SoDEX: 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 SoDEX live order book, 5 min ago	0.38 bp	6.8 bp −$7	13.3 bp −$133	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	−0.1904%	1h	93.390	−0.048%	$196K	$232K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0363%	1h	93.429	−0.007%	$22K	$21K	10x	as long as short
Bullet HYPE-USD	−0.0165%	1h	93.384	−0.055%	$112K	$578K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.434	−0.001%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0040%	1h	93.407	−0.030%	$87K	$365K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0035%	4h	93.401	−0.036%	$146K	$663K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0022%	1h	93.540	+0.112%	$705K	$1.2M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.453	+0.019%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.423	−0.012%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.436	+0.001%	$62K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus HYPE-USD	+0.0011%	1h	93.366	−0.074%	$1.0M	$3.9M	10x	as long as short
Bitget HYPEUSDT	+0.0022%	4h	93.424	−0.012%	$226.1M	$99.1M	75x	as long as short
Bybit HYPEUSDT	+0.0024%	8h	93.420	−0.016%	$317.7M	$283.6M	75x	as long as short
Phemex HYPEUSDT	+0.0025%	8h	93.449	+0.015%	$12.6M	$2.7M	50x	as long as short
Phoenix HYPE	+0.0026%	1h	93.546	+0.119%	$209K	$1.2M	10x	as long as short
Bluefin HYPE-PERP	+0.0058%	1h	93.409	−0.028%	$79K	$167K	20x	as long as short
Gate HYPE_USDT	+0.0092%	4h	93.396	−0.042%	$46.3M	$53.8M	75x	as long as short
edgeX HYPEUSDC	+0.0092%	4h	93.577	+0.152%	$5.0M	$29.9M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	93.444	+0.009%	$340K	$162K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.446	+0.012%	$16.1M	$62.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.451	+0.017%	$3.1M	$11.4M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.393	−0.045%	$77K	$1.1M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	93.420	−0.016%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.405	−0.032%	$7.0M	$47.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.474	+0.042%	$2.04B	$665.2M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.429	−0.006%	$8.7M	$36.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.433	−0.002%	$10.1M	$15.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.433	−0.002%	$374.7M	$910.7M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.427	−0.009%	$114.8M	$308.1M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.328	−0.114%	$203K	$3K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.450	+0.016%	$92.0M	$80.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.421	−0.015%	$46.6M	$18.5M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.425	−0.011%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.440	+0.005%	$7.3M	$11.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.529	+0.100%	$28.7M	$56.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.637	+0.216%	$7.6M	$47.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.532	+0.104%	$343K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.573	+0.148%	$669K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.487	+0.055%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.443	+0.009%	$490K	$2.7M	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.399	−0.039%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.382	−0.057%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USDlong	+0.0100%	1h	93.435	long leg	$2.0M	$1.9M	10x
HTX HYPE-USDT	+0.0100%	4h	93.580	+0.155%	$1.4M	$6.4M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.399	−0.038%	$18.1M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.409	−0.028%	$395K	$161K	20x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	93.470	+0.037%	$30K	$339K	12x	as long as short
Kalshi KXHYPEPERP	+0.0133%	8h	93.420	−0.016%	$1.8M	$5.6M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.470	+0.037%	$4.8M	$5.6M	50x	as long as short
Reya HYPERUSDPERP	+0.0267%	1h	93.391	−0.047%	$80K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]short	L +0.0332% / S −0.0154%	1h	93.431	−0.005%	$1.4M	—	100x
BloFin HYPE-USDT	+0.0340%	4h	93.441	+0.006%	$16.9M	$11.9M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0341%	1h	93.508	+0.078%	$20.8M	$29.6M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0392%	1h	93.518	+0.089%	$7.5M	$4.0M	50x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	93.450	+0.016%	$3.2M	$6.3M	20x	as long as short