Funding you earn now, next payment 04:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.021%
Price spread now: GMX against edgeX+0.047%7-day average +0.016% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.068%+$7 on $10k
+Price spread, last 4 days (all we have)+0.045%+$5 · spread now +0.047%, 7d avg +0.016%
=Together, before fees+0.113%+ Points / potential airdropedgeX: Active · farm board+$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and GMX is 0.031% dearer against edgeX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX HYPEUSDC | 92.709 | 0.0106 | pay 0.0053% / 4h | 14m 50s | $5.0M | $29.6M | 30x |
| Short | GMX HYPE/USD [WBTC.b-USDC] | 92.752 | L +0.0331% / S −0.0154% | get 0.0019% / 1h | 14m 50s | $1.4M | — | 100x |
edgeX HYPEUSDC
GMX HYPE/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.09
- Price spread: +0.047% → +0.016%
- $3.13
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$7.78
- Costs to cover
- 0.210%
- Break-even
- 12.4 days
Slippage unknown: edgeX: live order book, 4 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 edgeX live order book, 4 min ago | 0.27 bp | 4.8 bp −$5 | 5.0 bp −$50 | 126.7 bp −$12.7K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus HYPE-USD | −0.0948% | 1h | 92.676 | −0.035% | $1.1M | $3.9M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0248% | 1h | 92.691 | −0.019% | $194K | $229K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0245% | 1h | 92.691 | −0.019% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.690 | −0.020% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0065% | 4h | 92.738 | +0.032% | $157K | $666K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0016% | 1h | 92.782 | +0.079% | $87K | $361K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.692 | −0.018% | $127K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.753 | +0.047% | $22K | $304K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.761 | +0.056% | $62K | — | 150x | as long as short |
| Phemex HYPEUSDT | +0.0029% | 8h | 92.763 | +0.058% | $12.5M | $2.7M | 50x | as long as short |
Arcus HYPE-USD
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Phemex HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps HYPE-USD.P | +0.0034% | 1h | 92.670 | −0.042% | $697K | $1.1M | 10x | as long as short |
| Bullet HYPE-USD | +0.0037% | 1h | 92.720 | +0.012% | $110K | $578K | 20x | as long as short |
| BingX HYPE-USDT | +0.0038% | 4h | 92.755 | +0.050% | — | $53.5M | — | as long as short |
| Phoenix HYPE | +0.0043% | 1h | 92.779 | +0.076% | $210K | $1.2M | 10x | as long as short |
| Aster HYPEUSDT | +0.0045% | 4h | 92.728 | +0.021% | $8.7M | $36.2M | 300x | as long as short |
| Bybit HYPEUSDT | +0.0045% | 8h | 92.750 | +0.044% | $316.7M | $281.3M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0090% | 8h | 92.760 | +0.055% | $113.7M | $303.9M | 50x | as long as short |
| Gate HYPE_USDT | +0.0094% | 4h | 92.752 | +0.047% | $44.5M | $55.3M | 75x | as long as short |
| Paradex HYPE-USD-PERP | +0.0094% | 8h | 92.728 | +0.021% | $338K | $163K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.775 | +0.071% | $16.0M | $62.7M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.783 | +0.080% | $3.1M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 92.750 | +0.044% | $69K | $1.1M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.730 | +0.023% | $38K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.713 | +0.004% | $7.1M | $45.3M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.815 | +0.115% | $2.02B | $663.7M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.742 | +0.036% | $10.0M | $15.2M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.785 | +0.083% | $372.7M | $902.7M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.766 | +0.062% | $87.4M | $80.9M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.756 | +0.051% | $46.1M | $18.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.755 | +0.050% | $224.5M | $98.7M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.760 | +0.055% | $7.3M | $11.1M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.669 | −0.043% | $28.7M | $57.2M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.760 | +0.055% | $7.5M | $46.5M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.717 | +0.009% | $350K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.715 | +0.007% | $666K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.777 | +0.074% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.749 | +0.043% | $469K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.744 | +0.038% | $78K | $170K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 92.748 | +0.042% | $16.1M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.762 | +0.057% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.765 | +0.061% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 92.901 | +0.207% | $1.4M | $6.2M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.701 | −0.008% | $202K | $13K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.731 | +0.024% | $18.1M | $43.5M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.770 | +0.066% | $392K | $164K | 20x | as long as short |
| edgeX HYPEUSDClong | +0.0106% | 4h | 92.709 | long leg | $5.0M | $29.6M | 30x | |
| Injective HYPE/USDC PERP | +0.0150% | 1h | 93.000 | +0.314% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0160% | 1h | 92.760 | +0.055% | $4.7M | $5.5M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0235% | 8h | 92.781 | +0.078% | $1.8M | $5.4M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0262% | 1h | 92.720 | +0.012% | $79K | $132K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC]short | L +0.0331% / S −0.0154% | 1h | 92.752 | +0.047% | $1.4M | — | 100x | |
| Kraken Futures PF_HYPEUSD | +0.0332% | 1h | 92.825 | +0.125% | $20.6M | $30.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.766 | +0.062% | $16.7M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0418% | 1h | 92.861 | +0.164% | $7.5M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0687% | 1h | 92.811 | +0.110% | $3.2M | $6.4M | 20x | as long as short |
Ondo Perps HYPE-USD.P
Bullet HYPE-USD
BingX HYPE-USDT
Phoenix HYPE
Aster HYPEUSDT
Bybit HYPEUSDT
OKX HYPE-USDT-SWAP
Gate HYPE_USDT
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
Kraken Futures PF_HYPEUSD
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC