HYPE

Alert

Funding spread now, next payment 16:00 UTC−0.0244%/8h

paid, last 24h−0.067%paid, last 3 days−0.049%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.049% in total (about -6.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX HYPE/USD [WBTC.b-USDC]	94.335	L +0.0344% / S −0.0160%	pay 0.0043% / 1h	45m 15s	$1.5M	—	100x
Short	Binance HYPEUSDT	94.358	0.0100	get 0.0050% / 4h	45m 15s	$399.4M	$788.5M	75x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee BinancebpOrdersRate

Funding earned: −$51.34
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$73.34
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Binance: live order book, 15 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.025%
Avg gap 7d: −0.007%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 GMX no order-book sample	—	—	—	—	—
Sell Binance live order book, 15 min ago	0.05 bp	5.1 bp −$5	5.1 bp −$51	15.3 bp −$1,529	32.5 bp −$16.2K

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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.0728%	1h	$205K	$179K	7x	as long as short
Orderly PERP_HYPE_USDC	−0.0175%	4h	$172K	$395K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
BingX HYPE-USDT	−0.0032%	4h	—	$49.8M	—	as long as short
OKX HYPE-USDT-SWAP	−0.0031%	8h	$118.3M	$304.3M	50x	as long as short
Bybit HYPEUSDT	−0.0004%	8h	$328.6M	$277.9M	75x	as long as short
Perpl HYPE	0.0000%	43m	$33K	$352K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$33K	—	150x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0026%	1h	$7.4M	$4.6M	50x	as long as short
Gate HYPE_USDT	+0.0080%	4h	$44.5M	$53.7M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX HYPE-USD	+0.0089%	1h	$128K	$23K	5x	as long as short
Aftermath Perps HYPEUSD	+0.0089%	1h	$22K	$34K	10x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.1M	$11.2M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$163K	$1.1M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0096%	1h	$5.0M	$5.2M	50x	as long as short
Phemex HYPEUSDT	+0.0098%	8h	$12.8M	$2.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	$339K	$288K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	$11K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$5.7M	$42.6M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	$2.06B	$570.4M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	$9.0M	$33.0M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.5M	$12.0M	20x	as long as short
Binance HYPEUSDTshort	+0.0100%	4h	$399.4M	$788.5M	75x
Ondo Perps HYPE-USD.P	+0.0100%	1h	$707K	$899K	10x	as long as short
Arcus HYPE-USD	+0.0100%	1h	$1.2M	$4.1M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$214K	$10K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$95.3M	$82.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$44.7M	$19.7M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$232.9M	$94.1M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.3M	$8.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$30.5M	$51.0M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$431K	$951K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$717K	$2.1M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	—	$407K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	$466K	$2.4M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$113K	$580K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$70K	$190K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	$16.7M	$7.1M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	$32K	$1.5M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	$2.0M	$1.9M	10x	as long as short
Lighter HYPE	+0.0104%	1h	$18.7M	$54.3M	20x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.4M	$39.1M	50x	as long as short
01 Exchange HYPEUSD	+0.0104%	1h	$84K	$305K	20x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$401K	$347K	20x	as long as short
edgeX HYPEUSDC	+0.0107%	4h	$5.2M	$26.4M	30x	as long as short
Kalshi KXHYPEPERP	+0.0164%	8h	$1.7M	$4.1M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0221%	1h	$74K	$168K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.9M	$12.1M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]long	L +0.0344% / S −0.0160%	1h	$1.5M	—	100x
Phoenix HYPE	+0.0357%	1h	$295K	$1.1M	10x	as long as short
HTX HYPE-USDT	+0.0357%	4h	$1.5M	$6.5M	75x	as long as short
RISEx HYPE/USDC	+0.0500%	1h	$2.5M	$7.2M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0604%	1h	$16.9M	$20.8M	50x	as long as short
Injective HYPE/USDC PERP	+0.1001%	1h	$24K	$319K	12x	as long as short