HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0047%/8h= −5.1% APRnext payment −$0.06 per $10,000 · paid last 24h −0.062%

Price spread now: Extended against GMX−0.120%7-day average −0.053% · you buy dearer than you sell

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

Long on GMX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.194%−$19 on $10k

Price spread, last 4 days (all we have)+0.035%+$4 · spread now −0.120%, 7d avg −0.053%

Together, before fees−0.159%+ Points / potential airdropExtended: Active · farm board−$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.067% cheaper against GMX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.053%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX HYPE/USD [WBTC.b-USDC]	94.262	L +0.0151% / S +0.0023%	pay 0.0019% / 1h	1m 50s	$1.4M	—	100x
Short	Extended HYPE-USD	94.149	0.0104	get 0.0013% / 1h	1m 50s	$18.3M	$43.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against GMX. 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 GMXbpFee ExtendedbpOrdersPrice spread, now −0.120%Rate

Funding earned: −$9.83
Price spread: −0.120% → −0.053%: −$6.68
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$33.5
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Extended: live order book, 2 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Extended live order book, 2 min ago	0.05 bp	2.6 bp −$3	3.2 bp −$32	23.7 bp −$2,367	doesn't fit

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
Hibachi HYPE/USDT-P	−0.1088%	1h	94.070	−0.204%	$201K	$235K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0171%	1h	94.256	−0.006%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0097%	1h	94.180	−0.087%	$710K	$1.2M	10x	as long as short
Bluefin HYPE-PERP	−0.0086%	1h	94.176	−0.091%	$80K	$155K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.214	−0.051%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0078%	1h	94.223	−0.041%	$111K	$578K	20x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	94.252	−0.011%	$87K	$366K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0008%	4h	94.186	−0.081%	$146K	$685K	20x	as long as short
Bybit HYPEUSDT	−0.0007%	8h	94.140	−0.129%	$317.2M	$289.5M	75x	as long as short
BingX HYPE-USDT	−0.0006%	4h	94.177	−0.090%	—	$53.5M	—	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX HYPE-USD	0.0000%	1h	94.263	+0.001%	$129K	$26K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.292	+0.032%	$1.8M	$5.6M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.242	−0.021%	$19K	$287K	10x	as long as short
Derive HYPE-PERP	+0.0001%	1h	94.110	−0.162%	$16.4M	$7.5M	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.250	−0.013%	$117K	—	150x	as long as short
Phoenix HYPE	+0.0017%	1h	94.230	−0.034%	$206K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0046%	4h	94.161	−0.107%	$226.5M	$100.0M	75x	as long as short
Phemex HYPEUSDT	+0.0054%	8h	94.205	−0.060%	$12.9M	$2.9M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0064%	8h	94.247	−0.015%	$337K	$156K	20x	as long as short
edgeX HYPEUSDC	+0.0081%	4h	94.163	−0.105%	$5.0M	$30.7M	30x	as long as short
Arcus HYPE-USD	+0.0084%	1h	94.215	−0.050%	$1.0M	$3.5M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0091%	8h	94.145	−0.124%	$116.9M	$321.4M	50x	as long as short
Lighter HYPE	+0.0096%	1h	94.182	−0.085%	$16.3M	$64.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.192	−0.074%	$3.2M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.244	−0.019%	$79K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.250	−0.013%	$14K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.243	−0.021%	$7.3M	$50.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.281	+0.020%	$2.07B	$688.7M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.189	−0.077%	$8.8M	$37.2M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.197	−0.069%	$10.1M	$15.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.159	−0.109%	$376.8M	$932.6M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.183	−0.084%	$217K	$15K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.167	−0.101%	$49.4M	$57.2M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.175	−0.092%	$89.6M	$85.5M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.172	−0.095%	$46.9M	$18.6M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.177	−0.090%	$7.6M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.239	−0.025%	$29.1M	$55.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.188	−0.078%	$7.6M	$46.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.175	−0.092%	$347K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.172	−0.095%	$681K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.286	+0.026%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.249	−0.014%	$495K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.314	+0.055%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.199	−0.067%	$2.1M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.391	+0.137%	$1.4M	$6.8M	75x	as long as short
Extended HYPE-USDshort	+0.0104%	1h	94.149	−0.120%	$18.3M	$43.3M	50x
Aevo HYPE-PERP	+0.0104%	1h	94.210	−0.055%	$398K	$159K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	94.240	−0.023%	$4.7M	$6.2M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]long	L +0.0151% / S +0.0023%	1h	94.262	long leg	$1.4M	—	100x
Injective HYPE/USDC PERP	+0.0205%	1h	94.150	−0.119%	$30K	$340K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0227%	1h	94.297	+0.037%	$7.5M	$4.3M	50x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.201	−0.064%	$82K	$134K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.215	−0.050%	$17.0M	$12.3M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0413%	1h	94.264	+0.002%	$20.2M	$30.3M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	94.271	+0.010%	$3.2M	$6.4M	20x	as long as short