HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.07 per $10,000 · paid last 24h +0.022%

Price spread now: GMX against Vest−0.062%7-day average +0.028% · you buy dearer than you sell

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

Long on Vest Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.182%+$18 on $10k

Price spread, last 4 days (all we have)+0.227%+$23 · spread now −0.062%, 7d avg +0.028%

Together, before fees+0.409%+ Points / potential airdropVest: Active · farm board+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.089% cheaper against Vest than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of +0.028%). If the spread goes back, that is −$9 on $10k: about 5.5 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.182% in total) that is about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest HYPE-PERP	92.784	0.0100	pay 0.0013% / 1h	55m 58s	—	$243K	5x
Short	GMX HYPE/USD [WBTC.b-USDC]	92.727	L +0.0330% / S −0.0154%	get 0.0019% / 1h	55m 58s	$1.4M	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpFee GMXbpOrdersPrice spread, now −0.062%Rate

Funding earned: $11.34
Price spread: −0.062% → +0.028%: −$8.92
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee GMX: 6 bp × 2 orders: −$12
Net: −$11.59
Costs to cover: 0.140%
Break-even: 14.2 days

Slippage unknown: Vest: no order-book sample; 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 Vest no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Vest and 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	−0.0512%	1h	92.750	−0.037%	$193K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0266%	1h	92.818	+0.037%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	92.667	−0.126%	$1.1M	$3.9M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.753	−0.034%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0063%	4h	92.722	−0.067%	$157K	$653K	20x	as long as short
Gate HYPE_USDT	−0.0018%	4h	92.807	+0.025%	$44.5M	$53.4M	75x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.772	−0.013%	$127K	$29K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	92.832	+0.052%	$1.8M	$5.4M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	92.703	−0.087%	$22K	$302K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.746	−0.041%	$62K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange HYPEUSD	+0.0040%	1h	92.732	−0.056%	$87K	$362K	20x	as long as short
Bybit HYPEUSDT	+0.0041%	8h	92.805	+0.022%	$316.2M	$281.8M	75x	as long as short
Phoenix HYPE	+0.0043%	1h	92.888	+0.112%	$210K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0044%	8h	92.754	−0.033%	$12.5M	$2.7M	50x	as long as short
Popdex HYPEUSDT	+0.0056%	1h	92.702	−0.089%	$69K	$1.1M	50x	as long as short
Aster HYPEUSDT	+0.0068%	4h	92.815	+0.034%	$8.7M	$36.2M	300x	as long as short
Bitget HYPEUSDT	+0.0082%	4h	92.808	+0.026%	$224.7M	$98.8M	75x	as long as short
edgeX HYPEUSDC	+0.0093%	4h	92.869	+0.091%	$4.9M	$29.5M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0096%	8h	92.717	−0.072%	$338K	$163K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.773	−0.013%	$16.0M	$62.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.769	−0.016%	$3.1M	$11.6M	20x	as long as short
Bullet HYPE-USD	+0.0099%	1h	92.735	−0.053%	$111K	$579K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.680	−0.112%	$38K	$1.7M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0099%	8h	92.815	+0.033%	$113.9M	$303.8M	50x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.716	−0.073%	$7.5M	$45.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.883	+0.106%	$2.02B	$664.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.722	−0.067%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.828	+0.047%	$373.0M	$902.9M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	92.720	−0.069%	$697K	$1.1M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.800	+0.017%	$202K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.831	+0.050%	$88.1M	$79.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.848	+0.069%	$46.1M	$18.4M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	92.819	+0.038%	—	$53.8M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.855	+0.076%	$7.3M	$11.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.709	−0.081%	$28.4M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.886	+0.110%	$7.5M	$46.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.892	+0.116%	$350K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.845	+0.066%	$667K	$2.8M	20x	as long as short
Vest HYPE-PERPlong	+0.0100%	1h	92.784	long leg	—	$243K	5x
Polymarket Perps HYPE-USD	+0.0100%	1h	92.748	−0.039%	$468K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.730	−0.058%	$79K	$168K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.733	−0.055%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.673	−0.120%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.754	−0.033%	$2.0M	$2.0M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.798	+0.015%	$18.1M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.757	−0.029%	$392K	$164K	20x	as long as short
HTX HYPE-USDT	+0.0118%	4h	92.871	+0.094%	$1.4M	$6.3M	75x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	92.810	+0.028%	$4.7M	$5.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0197%	1h	92.829	+0.048%	$20.6M	$30.4M	50x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	93.050	+0.286%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0264%	1h	92.709	−0.081%	$79K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]short	L +0.0330% / S −0.0154%	1h	92.727	−0.062%	$1.4M	—	100x
BloFin HYPE-USDT	+0.0340%	4h	92.727	−0.062%	$16.7M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0397%	1h	92.853	+0.074%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	92.757	−0.029%	$3.1M	$6.4M	20x	as long as short