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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 06:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.038%
Price spread now: GMX against OKX+0.052%52s7-day average +0.033% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on OKXShort on GMX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.092%+$9 on $10k
Price spread, last 4 days (all we have)+0.053%+$5 · spread now +0.052%, 7d avg +0.033%
Together, before fees+0.145%+$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX HYPE-USDT-SWAP93.5000.0100pay 0.0100% / 8h2h 49m$114.7M$309.3M50x
ShortGMX HYPE/USD [WBTC.b-USDC]93.548L +0.0332% / S −0.0154%get 0.0019% / 1h49m 36s$1.4M—100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against OKX. 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
$11.31
Price spread: +0.052% → +0.033%
$1.93
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
−$8.76
Costs to cover
0.220%
Break-even
12.4 days
Slippage unknown: OKX: live order book, 4 min ago; 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 OKX live order book, 4 min ago0.05 bp6.7 bp −$79.5 bp −$9518.4 bp −$1,835doesn't fit
Sell GMX no order-book sample—————
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−0.1848%1h93.418−0.087%$196K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0373%1h93.547+0.050%$22K$21K10xas long as short
Bullet HYPE-USD−0.0082%1h93.541+0.044%$112K$578K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.494−0.006%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0033%4h93.512+0.013%$146K$663K20xas long as short
01 Exchange HYPEUSD−0.0032%1h93.528+0.030%$88K$365K20xas long as short
Ondo Perps HYPE-USD.P−0.0011%1h93.580+0.086%$704K$1.2M10xas long as short
dYdX HYPE-USD0.0000%1h93.530+0.032%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.556+0.060%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.557+0.061%$62K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus HYPE-USD+0.0011%1h93.473−0.029%$1.0M$3.9M10xas long as short
Phemex HYPEUSDT+0.0018%8h93.489−0.012%$12.6M$2.7M50xas long as short
Bitget HYPEUSDT+0.0018%4h93.501+0.001%$226.2M$99.0M75xas long as short
Bybit HYPEUSDT+0.0025%8h93.490−0.011%$318.0M$283.6M75xas long as short
Phoenix HYPE+0.0026%1h93.701+0.215%$210K$1.2M10xas long as short
edgeX HYPEUSDC+0.0083%4h93.497−0.003%$5.0M$29.9M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.552+0.056%$340K$162K20xas long as short
Lighter HYPE+0.0096%1h93.522+0.023%$16.2M$63.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.522+0.024%$3.1M$11.4M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.501+0.001%$77K$1.1M50xas long as short
Katana Perps HYPE-USD+0.0099%8h93.5000.000%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.511+0.012%$7.6M$48.3M10xas long as short
Hyperliquid HYPE+0.0100%1h93.567+0.072%$2.04B$666.3M10xas long as short
Aster HYPEUSDT+0.0100%4h93.496−0.004%$8.7M$36.4M300xas long as short
Pacifica HYPE+0.0100%1h93.547+0.050%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.502+0.002%$374.9M$910.9M75xas long as short
OKX HYPE-USDT-SWAPlong+0.0100%8h93.500long leg$114.7M$309.3M50x
Bulk HYPE-USD+0.0100%1h93.614+0.122%$204K$3K10xas long as short
Gate HYPE_USDT+0.0100%4h93.5000.000%$46.4M$54.0M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.508+0.009%$92.0M$80.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.522+0.024%$46.8M$18.7M75xas long as short
BingX HYPE-USDT+0.0100%4h93.498−0.002%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.516+0.017%$7.3M$10.8M20xas long as short
Variational Omni HYPE+0.0100%8h93.649+0.159%$28.7M$56.6M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.675+0.187%$7.6M$47.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.596+0.103%$343K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.626+0.135%$670K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.574+0.079%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.527+0.029%$490K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.493−0.007%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.486−0.015%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.580+0.086%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.463−0.040%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.650+0.160%$1.4M$6.4M75xas long as short
Extended HYPE-USD+0.0104%1h93.475−0.027%$18.2M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.526+0.028%$395K$161K20xas long as short
Kalshi KXHYPEPERP+0.0120%8h93.666+0.178%$1.8M$5.6M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.570+0.075%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.550+0.053%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0268%1h93.496−0.004%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]shortL +0.0332% / S −0.0154%1h93.548+0.052%$1.4M—100x
BloFin HYPE-USDT+0.0340%4h93.673+0.185%$16.9M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0341%1h93.526+0.028%$20.8M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0381%1h93.572+0.077%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.568+0.073%$3.2M$6.3M20xas long as short