HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0212%/8h= +23.2% APRnext payment +$0.26 per $10,000 · paid last 24h +0.044%

Price spread now: GMX against 01 Exchange−0.009%7-day average −0.014% · you buy dearer than you sell

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

Long on 01 Exchange Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.100%+$10 on $10k

Price spread, last 3 days (all we have)−0.002%$0 · spread now −0.009%, 7d avg −0.014%

Together, before fees+0.097%+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange HYPEUSD	93.834	−0.0056	get 0.0007% / 1h	29m 31s	$86K	$350K	20x
Short	GMX HYPE/USD [WBTC.b-USDC]	93.825	L +0.0332% / S −0.0156%	get 0.0019% / 1h	29m 31s	$1.4M	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against 01 Exchange. 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 01 ExchangebpFee GMXbpOrdersPrice spread, now −0.009%Rate

Funding earned: $44.42
Price spread: −0.009% → −0.014%: $0.46
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $25.88
Costs to cover: 0.190%
Break-even: 2.9 days

Slippage unknown: 01 Exchange: live order book, 40 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 01 Exchange live order book, 40 min ago	0.16 bp	7.0 bp −$7	11.4 bp −$114	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 54 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	−0.0904%	1h	93.685	−0.159%	$197K	$229K	7x	as long as short
Arcus HYPE-USD	−0.0786%	1h	93.697	−0.146%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0151%	1h	93.587	−0.263%	$22K	$21K	10x	as long as short
Phemex HYPEUSDT	−0.0114%	8h	93.767	−0.071%	$12.7M	$2.7M	50x	as long as short
Ondo Perps HYPE-USD.P	−0.0092%	1h	93.600	−0.249%	$701K	$958K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.716	−0.126%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0056%	4h	93.776	−0.062%	$156K	$648K	20x	as long as short
01 Exchange HYPEUSDlong	−0.0056%	1h	93.834	long leg	$86K	$350K	20x
Gate HYPE_USDT	−0.0050%	4h	93.813	−0.022%	$44.5M	$54.8M	75x	as long as short
Backpack HYPE_USDC_PERP	−0.0048%	1h	93.796	−0.040%	$7.8M	$10.3M	20x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	−0.0011%	4h	93.829	−0.005%	$8.9M	$36.0M	300x	as long as short
Bybit HYPEUSDT	−0.0001%	8h	93.790	−0.047%	$322.2M	$281.5M	75x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.868	+0.036%	$129K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.814	−0.021%	$22K	$326K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.825	−0.010%	$26K	—	150x	as long as short
BingX HYPE-USDT	+0.0006%	4h	93.805	−0.031%	—	$53.9M	—	as long as short
Bullet HYPE-USD	+0.0056%	1h	93.817	−0.018%	$112K	$578K	20x	as long as short
MEXC HYPE_USDT	+0.0058%	4h	93.828	−0.006%	$88.1M	$82.8M	100x	as long as short
edgeX HYPEUSDC	+0.0059%	4h	93.654	−0.191%	$5.1M	$30.1M	30x	as long as short
Binance HYPEUSDT	+0.0060%	4h	93.830	−0.004%	$381.7M	$897.6M	75x	as long as short
Phoenix HYPE	+0.0060%	1h	93.705	−0.137%	$211K	$1.2M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0067%	8h	93.795	−0.042%	$115.4M	$309.8M	50x	as long as short
Derive HYPE-PERP	+0.0079%	1h	93.765	−0.073%	$16.3M	$7.7M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	93.856	+0.023%	$341K	$164K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.827	−0.007%	$16.4M	$62.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.827	−0.007%	$3.1M	$11.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.818	−0.017%	$66K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.820	−0.014%	$399K	$177K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.800	−0.036%	$21K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.808	−0.027%	$5.7M	$45.2M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.921	+0.093%	$2.05B	$671.1M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.837	+0.003%	$10.1M	$14.7M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.822	−0.013%	$46.3M	$18.2M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.830	−0.004%	$227.0M	$98.6M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.610	−0.238%	$31.0M	$54.8M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.468	−0.390%	$7.5M	$48.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.658	−0.188%	$338K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.762	−0.077%	$669K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.857	+0.025%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.843	+0.010%	$470K	$2.4M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.807	−0.029%	$79K	$172K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.858	+0.026%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.824	−0.011%	$2.0M	$1.9M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.348	−0.518%	$203K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.775	−0.063%	$18.3M	$44.4M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0136%	1h	93.820	−0.015%	$4.9M	$5.6M	50x	as long as short
Injective HYPE/USDC PERP	+0.0137%	1h	93.610	−0.239%	$30K	$339K	12x	as long as short
RISEx HYPE/USDC	+0.0210%	1h	93.864	+0.032%	$3.2M	$7.0M	20x	as long as short
HTX HYPE-USDT	+0.0218%	4h	93.950	+0.124%	$1.4M	$5.9M	75x	as long as short
Reya HYPERUSDPERP	+0.0254%	1h	93.813	−0.023%	$80K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0268%	8h	93.789	−0.048%	$1.9M	$5.1M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]short	L +0.0332% / S −0.0156%	1h	93.825	−0.009%	$1.4M	—	100x
Deribit HYPE_USDC-PERPETUAL	+0.0539%	1h	93.922	+0.094%	$7.5M	$4.4M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0679%	1h	93.913	+0.084%	$21.0M	$30.0M	50x	as long as short