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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 07:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h +0.043%
Price spread now: GMX against gTrade (Gains Network)+0.028%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on gTrade (Gains Network)Short on GMX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. GMX is 0.028% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +0.028% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.9 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) HYPE/USD94.343L +0.0002% / S −0.0001%pay 0.0000% / 1h14m 54s$84K—150x
ShortGMX HYPE/USD [WBTC.b-USDC]94.369L +0.0151% / S +0.0022%pay 0.0003% / 1h14m 54s$1.4M—100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against gTrade (Gains Network). 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

Funding earned
−$5.07
Price spread: +0.028% → 0.000%
$2.84
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
−$24.23
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: gTrade (Gains Network): 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
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample—————
Sell GMX no order-book sample—————
gTrade (Gains Network) 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 54 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.1112%1h94.144−0.211%$200K$236K7xas long as short
Aftermath Perps HYPEUSD−0.0181%1h94.241−0.107%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.262−0.085%$3K$33125xas long as short
Bullet HYPE-USD−0.0059%1h94.341−0.001%$112K$579K20xas long as short
Ondo Perps HYPE-USD.P−0.0054%1h94.230−0.119%$709K$1.2M10xas long as short
01 Exchange HYPEUSD−0.0032%1h94.319−0.025%$86K$368K20xas long as short
Bluefin HYPE-PERP−0.0018%1h94.319−0.025%$80K$155K20xas long as short
Orderly PERP_HYPE_USDC−0.0012%4h94.299−0.046%$146K$685K20xas long as short
dYdX HYPE-USD0.0000%1h94.284−0.062%$129K$26K5xas long as short
Bybit HYPEUSDT0.0000%8h94.300−0.045%$317.4M$289.4M75xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXHYPEPERP0.0000%8h94.399+0.060%$1.8M$5.6M2.3xas long as short
Perpl HYPE0.0000%43m94.359+0.018%$19K$290K10xas long as short
gTrade (Gains Network) HYPE/USDlongL +0.0002% / S −0.0001%1h94.343long leg$84K—150x
Phoenix HYPE+0.0017%1h94.307−0.038%$209K$1.1M10xas long as short
Bitget HYPEUSDT+0.0054%4h94.315−0.029%$227.3M$99.4M75xas long as short
Phemex HYPEUSDT+0.0054%8h94.271−0.076%$12.9M$2.8M50xas long as short
Paradex HYPE-USD-PERP+0.0079%8h94.334−0.009%$337K$156K20xas long as short
Arcus HYPE-USD+0.0084%1h94.277−0.070%$1.0M$3.5M10xas long as short
edgeX HYPEUSDC+0.0084%4h94.260−0.087%$5.0M$30.7M30xas long as short
Lighter HYPE+0.0096%1h94.327−0.016%$16.3M$64.4M20xas long as short
Lighter RH HYPE+0.0096%1h94.344+0.001%$3.2M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.298−0.047%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h94.320−0.024%$17K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h94.355+0.013%$7.6M$50.5M10xas long as short
Hyperliquid HYPE+0.0100%1h94.406+0.067%$2.08B$688.2M10xas long as short
Aster HYPEUSDT+0.0100%4h94.337−0.006%$8.8M$37.1M300xas long as short
Pacifica HYPE+0.0100%1h94.322−0.022%$10.2M$15.5M20xas long as short
Binance HYPEUSDT+0.0100%4h94.325−0.019%$377.3M$932.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h94.320−0.024%$116.1M$319.1M50xas long as short
Gate HYPE_USDT+0.0100%4h94.310−0.035%$49.3M$56.9M75xas long as short
MEXC HYPE_USDT+0.0100%4h94.311−0.033%$90.2M$85.1M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.314−0.030%$47.0M$18.6M75xas long as short
BingX HYPE-USDT+0.0100%4h94.290−0.056%—$53.6M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.340−0.003%$7.2M$10.3M20xas long as short
Variational Omni HYPE+0.0100%8h94.209−0.142%$29.1M$55.5M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.298−0.048%$7.6M$47.6M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.261−0.086%$363K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h94.278−0.068%$681K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h94.388+0.048%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.357+0.015%$496K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h94.388+0.048%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.332−0.011%$2.1M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h94.500+0.167%$1.4M$6.8M75xas long as short
Bulk HYPE-USD+0.0100%1h94.275−0.072%$218K$15K10xas long as short
Extended HYPE-USD+0.0104%1h94.286−0.060%$18.2M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h94.412+0.074%$399K$159K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h94.410+0.071%$4.7M$6.2M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]shortL +0.0151% / S +0.0022%1h94.369+0.028%$1.4M—100x
Injective HYPE/USDC PERP+0.0205%1h94.440+0.103%$31K$339K12xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0248%1h94.424+0.086%$7.5M$4.3M50xas long as short
Reya HYPERUSDPERP+0.0272%1h94.326−0.018%$78K$129K15xas long as short
BloFin HYPE-USDT+0.0340%4h94.317−0.027%$16.9M$12.3M75xas long as short
Kraken Futures PF_HYPEUSD+0.0412%1h94.403+0.064%$20.2M$30.4M50xas long as short
RISEx HYPE/USDC+0.0559%1h94.359+0.017%$3.2M$6.4M20xas long as short