HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0155%/8h= +16.9% APRnext payment +$0.19 per $10,000 · paid last 24h +0.045%

Price spread now: GMX against Bullet+0.071%57s7-day average +0.009% · you sell dearer than you buy

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

Long on Bullet Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.102%+$10 on $10k

Price spread, last 4 days (all we have)−0.025%−$3 · spread now +0.071%, 7d avg +0.009%

Together, before fees+0.076%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and GMX is 0.062% dearer against Bullet than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.009%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet HYPE-USD	95.057	−0.0003	get 0.0000% / 1h	25m 33s	$113K	$582K	20x
Short	GMX HYPE/USD [WBTC.b-USDC]	95.124	L +0.0327% / S −0.0152%	get 0.0019% / 1h	25m 33s	$1.4M	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bullet. 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 BulletbpFee GMXbpOrdersPrice spread, now +0.071%Rate

Funding earned: $32.48
Price spread: +0.071% → +0.009%: $6.23
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $18.71
Costs to cover: 0.200%
Break-even: 3.0 days

Slippage unknown: Bullet: live order book, 17 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 Bullet live order book, 17 min ago	0.53 bp	9.9 bp −$10	15.3 bp −$153	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 exchanges

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
Kraken Futures PF_HYPEUSD	−0.0281%	1h	95.128	+0.075%	$18.2M	$31.7M	50x	as long as short
Phemex HYPEUSDT	−0.0255%	8h	95.102	+0.047%	$13.0M	$2.2M	50x	as long as short
Bluefin HYPE-PERP	−0.0209%	1h	95.057	0.000%	$79K	$131K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0107%	1h	95.000	−0.060%	$678K	$1.2M	10x	as long as short
Aster HYPEUSDT	−0.0107%	4h	95.056	−0.002%	$8.9M	$33.7M	300x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.121	+0.067%	$3K	$421	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0079%	4h	95.067	+0.011%	$147K	$639K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0069%	1h	95.164	+0.113%	$22K	$17K	10x	as long as short
01 Exchange HYPEUSD	−0.0064%	1h	95.040	−0.018%	$102K	$350K	20x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0064%	1h	95.090	+0.035%	$4.8M	$5.3M	50x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate HYPE_USDT	−0.0056%	4h	95.105	+0.050%	$56.5M	$53.1M	75x	as long as short
OKX HYPE-USDT-SWAP	−0.0050%	8h	95.029	−0.029%	$118.7M	$301.2M	50x	as long as short
Lighter HYPE	−0.0032%	1h	95.115	+0.061%	$16.6M	$55.7M	20x	as long as short
Bitget HYPEUSDT	−0.0022%	4h	95.044	−0.014%	$229.9M	$85.8M	75x	as long as short
Phoenix HYPE	−0.0017%	1h	95.182	+0.132%	$196K	$1.1M	10x	as long as short
Bullet HYPE-USDlong	−0.0003%	1h	95.057	long leg	$113K	$582K	20x
Perpl HYPE	0.0000%	43m	95.088	+0.033%	$24K	$248K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.068	+0.012%	$99K	—	150x	as long as short
edgeX HYPEUSDC	+0.0011%	4h	95.078	+0.022%	$5.1M	$28.2M	30x	as long as short
Backpack HYPE_USDC_PERP	+0.0019%	1h	95.097	+0.042%	$6.8M	$12.3M	20x	as long as short
MEXC HYPE_USDT	+0.0030%	4h	95.048	−0.009%	$88.7M	$83.6M	100x	as long as short
Binance HYPEUSDT	+0.0030%	4h	95.057	0.000%	$384.1M	$840.2M	75x	as long as short
Derive HYPE-PERP	+0.0033%	1h	95.048	−0.009%	$16.4M	$6.2M	10x	as long as short
dYdX HYPE-USD	+0.0034%	1h	95.114	+0.060%	$128K	$96K	5x	as long as short
Bybit HYPEUSDT	+0.0038%	8h	95.053	−0.004%	$321.4M	$260.7M	75x	as long as short
BingX HYPE-USDT	+0.0038%	4h	95.082	+0.026%	—	$51.0M	—	as long as short
KuCoin HYPEUSDTM	+0.0056%	4h	95.056	−0.001%	$47.6M	$17.7M	75x	as long as short
Aevo HYPE-PERP	+0.0088%	1h	95.098	+0.043%	$402K	$115K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	95.136	+0.083%	$339K	$30K	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.138	+0.085%	$3.3M	$9.9M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	95.041	−0.017%	$291K	$1.0M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	95.020	−0.039%	$38K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.108	+0.054%	$7.1M	$49.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.116	+0.062%	$2.11B	$631.5M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.145	+0.092%	$10.2M	$12.7M	20x	as long as short
Arcus HYPE-USD	+0.0100%	1h	95.072	+0.016%	$1.1M	$2.8M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.309	+0.265%	$229K	$20K	10x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.099	+0.044%	$30.0M	$52.2M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.151	+0.099%	$7.7M	$40.9M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.128	+0.075%	$334K	$922K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	95.136	+0.083%	$692K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	95.132	+0.079%	—	$80K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	95.057	0.000%	$486K	$2.3M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.177	+0.126%	$32K	$1.3M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	95.115	+0.061%	$2.1M	$332K	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.249	+0.202%	$1.4M	$5.1M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	95.032	−0.027%	$18.2M	$36.5M	50x	as long as short
BloFin HYPE-USDT	+0.0119%	4h	95.132	+0.079%	$17.7M	$11.3M	75x	as long as short
Kalshi KXHYPEPERP	+0.0132%	8h	95.197	+0.147%	$1.8M	$5.0M	2.3x	as long as short
RISEx HYPE/USDC	+0.0138%	1h	95.063	+0.006%	$3.2M	$5.1M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0160%	1h	95.180	+0.129%	$7.6M	$4.2M	50x	as long as short
Reya HYPERUSDPERP	+0.0267%	1h	95.016	−0.044%	$84K	$92K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]short	L +0.0327% / S −0.0152%	1h	95.124	+0.071%	$1.4M	—	100x
Hibachi HYPE/USDT-P	+0.0728%	1h	95.142	+0.090%	$215K	$266K	7x	as long as short
Injective HYPE/USDC PERP	+0.1234%	1h	95.420	+0.382%	$31K	$334K	12x	as long as short