HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0355%/8h= +38.9% APRnext payment +$0.44 per $10,000 · paid last 24h −0.046%

Price spread now: Kraken Futures against GMX+0.033%7-day average +0.025% · you sell dearer than you buy

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

Long on GMX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.122%−$12 on $10k

Price spread, last 4 days (all we have)−0.411%−$41 · spread now +0.033%, 7d avg +0.025%

Together, before fees−0.534%−$53 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.122%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX HYPE/USD [WBTC.b-USDC]	93.251	L +0.0331% / S −0.0156%	pay 0.0041% / 1h	26m 58s	$1.4M	—	100x
Short	Kraken Futures PF_HYPEUSD	93.281	0.0686	get 0.0086% / 1h	26m 58s	$20.7M	$29.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.033%Rate

Funding earned: $74.53
Price spread: +0.033% → +0.025%: $0.8
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $53.33
Costs to cover: 0.220%
Break-even: 2.0 days

Slippage unknown: GMX: no order-book sample; Kraken Futures: 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 Kraken Futures live order book, 2 min ago	1.28 bp	8.0 bp −$8	11.7 bp −$117	18.8 bp −$1,884	50.3 bp −$25.1K

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	−0.1280%	1h	93.345	+0.101%	$197K	$227K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	93.150	−0.108%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0113%	1h	93.320	+0.074%	$699K	$996K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.305	+0.058%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	93.246	−0.005%	$85K	$344K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0047%	1h	93.402	+0.162%	$22K	$21K	10x	as long as short
Orderly PERP_HYPE_USDC	−0.0045%	4h	93.194	−0.061%	$153K	$652K	20x	as long as short
Phemex HYPEUSDT	−0.0038%	8h	93.261	+0.011%	$12.6M	$2.7M	50x	as long as short
Bullet HYPE-USD	−0.0019%	1h	93.217	−0.036%	$111K	$578K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.309	+0.063%	$128K	$31K	5x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	93.273	+0.024%	$23K	$319K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.237	−0.015%	$61K	—	150x	as long as short
Aster HYPEUSDT	+0.0020%	4h	93.229	−0.023%	$8.8M	$35.5M	300x	as long as short
Phoenix HYPE	+0.0026%	1h	93.609	+0.384%	$213K	$1.2M	10x	as long as short
BingX HYPE-USDT	+0.0032%	4h	93.214	−0.039%	—	$53.0M	—	as long as short
Bybit HYPEUSDT	+0.0040%	8h	93.220	−0.033%	$320.6M	$276.8M	75x	as long as short
Gate HYPE_USDT	+0.0058%	4h	93.214	−0.039%	$44.6M	$55.0M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0074%	8h	93.213	−0.040%	$113.9M	$301.0M	50x	as long as short
Derive HYPE-PERP	+0.0083%	1h	93.192	−0.063%	$16.2M	$7.5M	10x	as long as short
Lighter HYPE	+0.0096%	1h	93.234	−0.018%	$16.2M	$61.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.233	−0.019%	$3.1M	$11.6M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.244	−0.007%	$69K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.289	+0.041%	$339K	$162K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.260	+0.010%	$17K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.254	+0.004%	$5.8M	$43.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.288	+0.040%	$2.04B	$654.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.278	+0.029%	$10.0M	$14.7M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.216	−0.037%	$378.2M	$876.1M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.364	+0.122%	$203K	$10K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.213	−0.040%	$89.6M	$80.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.226	−0.027%	$45.8M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.217	−0.036%	$225.4M	$96.5M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.218	−0.035%	$7.4M	$10.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.546	+0.316%	$31.2M	$53.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.348	+0.104%	$7.5M	$45.7M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.581	+0.354%	$340K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.415	+0.176%	$667K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.305	+0.059%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.280	+0.031%	$471K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.188	−0.067%	$79K	$170K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.290	+0.042%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.215	−0.038%	$2.0M	$1.9M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.195	−0.060%	$18.4M	$43.7M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.222	−0.030%	$397K	$162K	20x	as long as short
edgeX HYPEUSDC	+0.0111%	4h	93.350	+0.107%	$5.1M	$29.0M	30x	as long as short
HTX HYPE-USDT	+0.0174%	4h	93.442	+0.205%	$1.4M	$6.0M	75x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.280	+0.031%	$4.8M	$5.5M	50x	as long as short
Reya HYPERUSDPERP	+0.0258%	1h	93.231	−0.021%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0277%	8h	93.296	+0.049%	$1.9M	$5.0M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]long	L +0.0331% / S −0.0156%	1h	93.251	long leg	$1.4M	—	100x
BloFin HYPE-USDT	+0.0340%	4h	93.252	+0.001%	$16.9M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0501%	1h	93.312	+0.066%	$7.4M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.334	+0.089%	$3.2M	$6.3M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.150	−0.108%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSDshort	+0.0686%	1h	93.281	+0.033%	$20.7M	$29.7M	50x