Funding you earn now, next payment 06:00 UTC+0.0097%/8h= +10.6% APRnext payment +$0.12 per $10,000 · paid last 24h +0.048%
Price spread now: GMX against Ondo Perps−0.033%7-day average +0.094% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.140%+$14 on $10k
+Price spread, last 4 days (all we have)+0.219%+$22 · spread now −0.033%, 7d avg +0.094%
=Together, before fees+0.359%+ Points / potential airdropOndo Perps: Active · farm board+$36 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.127% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.094%). If the spread goes back, that is −$13 on $10k: about 4.4 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps HYPE-USD.P | 94.130 | 0.0057 | pay 0.0007% / 1h | 1m 16s | $709K | $1.2M | 10x |
| Short | GMX HYPE/USD [WBTC.b-USDC] | 94.099 | L +0.0333% / S −0.0154% | get 0.0019% / 1h | 1m 16s | $1.4M | — | 100x |
Ondo Perps HYPE-USD.P
GMX HYPE/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Ondo Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $20.38
- Price spread: −0.033% → +0.094%
- −$12.75
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$9.37
- Costs to cover
- 0.170%
- Break-even
- 10.2 days
Slippage unknown: Ondo Perps: no order-book sample; 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Ondo Perps no order-book sample | — | — | — | — | — |
| Sell GMX no order-book sample | — | — | — | — | — |
Ondo Perps and 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 | 94.260 | +0.138% | $202K | $241K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0287% | 1h | 94.275 | +0.155% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.328 | +0.210% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0016% | 4h | 94.043 | −0.092% | $150K | $681K | 20x | as long as short |
| Bullet HYPE-USD | −0.0003% | 1h | 94.076 | −0.057% | $112K | $580K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 94.272 | +0.150% | $129K | $29K | 5x | as long as short |
| 01 Exchange HYPEUSD | 0.0000% | 1h | 94.185 | +0.058% | $86K | $372K | 20x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.210 | +0.085% | $22K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 94.098 | −0.034% | $63K | — | 150x | as long as short |
| Arcus HYPE-USD | +0.0011% | 1h | 94.153 | +0.024% | $1.0M | $4.0M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
dYdX HYPE-USD
01 Exchange HYPEUSD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Arcus HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX HYPE-USDT | +0.0014% | 4h | 94.045 | −0.090% | — | $53.7M | — | as long as short |
| Bybit HYPEUSDT | +0.0019% | 8h | 94.036 | −0.100% | $317.6M | $287.2M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 94.438 | +0.327% | $211K | $1.2M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0038% | 4h | 94.061 | −0.073% | $226.9M | $99.4M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0041% | 8h | 94.092 | −0.040% | $12.8M | $2.8M | 50x | as long as short |
| Ondo Perps HYPE-USD.Plong | +0.0057% | 1h | 94.130 | long leg | $709K | $1.2M | 10x | |
| Paradex HYPE-USD-PERP | +0.0094% | 8h | 94.211 | +0.086% | $342K | $158K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0095% | 4h | 94.230 | +0.106% | $5.0M | $30.5M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.073 | −0.061% | $16.3M | $63.8M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.068 | −0.066% | $3.1M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.169 | +0.041% | $78K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.180 | +0.053% | $22K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.074 | −0.059% | $6.2M | $49.6M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.198 | +0.072% | $2.06B | $680.1M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 94.075 | −0.058% | $8.9M | $37.1M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.215 | +0.090% | $10.2M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 94.063 | −0.071% | $378.1M | $926.7M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 94.057 | −0.078% | $116.2M | $317.3M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.213 | +0.089% | $217K | $15K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 94.077 | −0.056% | $48.2M | $55.9M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 94.062 | −0.072% | $90.7M | $82.9M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.072 | −0.062% | $46.5M | $18.9M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.106 | −0.025% | $7.2M | $10.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.388 | +0.275% | $28.9M | $56.5M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.307 | +0.188% | $7.7M | $48.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.313 | +0.194% | $344K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.247 | +0.124% | $674K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.238 | +0.115% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.145 | +0.016% | $478K | $2.8M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 94.046 | −0.089% | $80K | $167K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 94.065 | −0.069% | $16.4M | $7.4M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.281 | +0.160% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.058 | −0.076% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 94.200 | +0.074% | $1.4M | $6.6M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.044 | −0.092% | $18.3M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 94.067 | −0.067% | $398K | $159K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0116% | 8h | 94.177 | +0.050% | $1.8M | $5.6M | 2.3x | as long as short |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 94.610 | +0.510% | $31K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 94.140 | +0.011% | $4.7M | $6.1M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0186% | 1h | 94.150 | +0.021% | $7.4M | $4.1M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0270% | 1h | 94.075 | −0.059% | $77K | $130K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC]short | L +0.0333% / S −0.0154% | 1h | 94.099 | −0.033% | $1.4M | — | 100x | |
| Kraken Futures PF_HYPEUSD | +0.0338% | 1h | 94.132 | +0.002% | $21.0M | $29.6M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 94.076 | −0.057% | $17.0M | $12.2M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 94.217 | +0.093% | $3.2M | $6.3M | 20x | as long as short |
BingX HYPE-USDT
Bybit HYPEUSDT
Phoenix HYPE
Bitget HYPEUSDT
Phemex HYPEUSDT
Paradex HYPE-USD-PERP
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Deribit HYPE_USDC-PERPETUAL
Reya HYPERUSDPERP
Kraken Futures PF_HYPEUSD
BloFin HYPE-USDT
RISEx HYPE/USDC