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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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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−0.0232%/8h= −25.5% APRpaid last 24h −0.023%
Price spread now: HTX against GMX+0.144%7-day average +0.035% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on GMXShort on HTX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.161%−$16 on $10k
Price spread, last 4 days (all we have)−0.255%−$25 · spread now +0.144%, 7d avg +0.035%
Together, before fees−0.415%−$42 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.109% dearer against GMX than usual: you sell high and buy low (spread +0.144% now, against its 7-day average of +0.035%): +$11 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 38 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX HYPE/USD [WBTC.b-USDC]93.641L +0.0332% / S −0.0154%pay 0.0042% / 1h43m 56s$1.4M—100x
ShortHTX HYPE-USDT93.7760.0100get 0.0050% / 4h1h 43m$1.4M$6.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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

Funding earned
−$48.81
Price spread: +0.144% → +0.035%
$10.91
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$61.9
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; HTX: live order book, 5 min ago. 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 GMX no order-book sample—————
Sell HTX live order book, 5 min ago1.65 bp11.7 bp −$1216.3 bp −$16347.9 bp −$4,793doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.1080%1h93.595−0.049%$198K$241K7xas long as short
Aftermath Perps HYPEUSD−0.0218%1h93.728+0.093%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0130%1h93.600−0.044%$705K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.575−0.070%$3K$33125xas long as short
Bullet HYPE-USD−0.0065%1h93.617−0.026%$111K$580K20xas long as short
01 Exchange HYPEUSD−0.0064%1h93.685+0.047%$87K$371K20xas long as short
Bluefin HYPE-PERP−0.0034%1h93.605−0.038%$79K$155K20xas long as short
Orderly PERP_HYPE_USDC−0.0021%4h93.574−0.071%$145K$685K20xas long as short
dYdX HYPE-USD0.0000%1h93.695+0.057%$128K$29K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.735+0.101%$1.8M$5.6M2.3xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.679+0.041%$20K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.651+0.011%$63K—150xas long as short
BingX HYPE-USDT+0.0006%4h93.569−0.077%—$53.7M—as long as short
Bybit HYPEUSDT+0.0007%8h93.511−0.139%$315.9M$288.5M75xas long as short
Phoenix HYPE+0.0017%1h93.654+0.014%$209K$1.1M10xas long as short
Derive HYPE-PERP+0.0024%1h93.547−0.100%$16.3M$7.4M10xas long as short
Bitget HYPEUSDT+0.0040%4h93.496−0.155%$225.4M$99.7M75xas long as short
Phemex HYPEUSDT+0.0075%8h93.630−0.012%$12.8M$2.8M50xas long as short
Paradex HYPE-USD-PERP+0.0081%8h93.674+0.035%$335K$161K20xas long as short
Arcus HYPE-USD+0.0084%1h93.629−0.013%$1.0M$4.0M10xas long as short
edgeX HYPEUSDC+0.0087%4h93.627−0.015%$5.0M$30.6M30xas long as short
Lighter HYPE+0.0096%1h93.594−0.050%$16.2M$63.7M20xas long as short
Lighter RH HYPE+0.0096%1h93.596−0.048%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.660+0.021%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.690+0.053%$22K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.645+0.005%$7.4M$50.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.668+0.029%$2.05B$683.0M10xas long as short
Aster HYPEUSDT+0.0100%4h93.583−0.061%$8.8M$37.4M300xas long as short
Pacifica HYPE+0.0100%1h93.671+0.032%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.557−0.090%$375.0M$931.2M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.513−0.136%$115.6M$315.8M50xas long as short
Gate HYPE_USDT+0.0100%4h93.579−0.066%$48.3M$55.1M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.501−0.149%$89.9M$83.7M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.538−0.110%$46.2M$18.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.593−0.051%$7.2M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.579−0.066%$28.6M$56.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.664+0.025%$7.5M$48.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.636−0.005%$347K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.613−0.030%$678K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.692+0.055%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.650+0.010%$470K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.638−0.003%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.566−0.080%$2.0M$1.9M10xas long as short
HTX HYPE-USDTshort+0.0100%4h93.776+0.144%$1.4M$6.7M75x
Bulk HYPE-USD+0.0100%1h93.731+0.096%$216K$15K10xas long as short
Extended HYPE-USD+0.0104%1h93.473−0.179%$18.2M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.589−0.056%$396K$159K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.710+0.074%$4.7M$6.1M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.520−0.129%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0271%1h93.594−0.050%$77K$130K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0295%1h93.670+0.031%$7.4M$4.2M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]longL +0.0332% / S −0.0154%1h93.641long leg$1.4M—100x
BloFin HYPE-USDT+0.0340%4h93.686+0.048%$17.0M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0415%1h93.664+0.025%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.703+0.066%$3.2M$6.4M20xas long as short