HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0066%/8h= +7.2% APRnext payment +$0.08 per $10,000 · paid last 24h +0.018%

Price spread now: GMX against Popdex+0.107%49s7-day average +0.010% · you sell dearer than you buy

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

Long on Popdex Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.073%+$7 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.107%, 7d avg +0.010%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GMX is 0.097% dearer against Popdex than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.010%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex HYPEUSDT	92.804	0.0088	pay 0.0011% / 1h	45m 33s	$70K	$1.1M	50x
Short	GMX HYPE/USD [WBTC.b-USDC]	92.903	L +0.0331% / S −0.0154%	get 0.0019% / 1h	45m 33s	$1.4M	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Popdex. 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 PopdexbpFee GMXbpOrdersPrice spread, now +0.107%Rate

Funding earned: $13.86
Price spread: +0.107% → +0.010%: $9.72
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee GMX: 6 bp × 2 orders: −$12
Net: $5.17
Costs to cover: 0.184%
Break-even: 4.4 days

Slippage unknown: Popdex: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Popdex live order book, 4 min ago	0.64 bp	3.9 bp −$4	5.1 bp −$51	16.3 bp −$1,631	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.0904%	1h	92.783	−0.023%	$193K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0263%	1h	92.889	+0.092%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	92.774	−0.032%	$1.1M	$3.9M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.917	+0.122%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0062%	4h	92.892	+0.095%	$158K	$661K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.854	+0.054%	$127K	$29K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	92.932	+0.138%	$1.8M	$5.4M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	92.845	+0.044%	$22K	$301K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.916	+0.120%	$62K	—	150x	as long as short
Gate HYPE_USDT	+0.0008%	4h	92.797	−0.008%	$44.7M	$53.8M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps HYPE-USD.P	+0.0019%	1h	92.820	+0.017%	$698K	$1.1M	10x	as long as short
Bullet HYPE-USD	+0.0023%	1h	92.866	+0.067%	$112K	$578K	20x	as long as short
Phoenix HYPE	+0.0026%	1h	92.899	+0.102%	$210K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0032%	8h	92.790	−0.015%	$315.9M	$282.6M	75x	as long as short
01 Exchange HYPEUSD	+0.0048%	1h	92.837	+0.036%	$87K	$362K	20x	as long as short
Phemex HYPEUSDT	+0.0049%	8h	92.922	+0.127%	$12.5M	$2.7M	50x	as long as short
Bitget HYPEUSDT	+0.0074%	4h	92.789	−0.016%	$224.8M	$99.1M	75x	as long as short
Popdex HYPEUSDTlong	+0.0088%	1h	92.804	long leg	$70K	$1.1M	50x
Aster HYPEUSDT	+0.0090%	4h	92.821	+0.019%	$8.7M	$36.1M	300x	as long as short
Lighter HYPE	+0.0096%	1h	92.828	+0.026%	$16.0M	$62.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.842	+0.041%	$3.1M	$11.6M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	92.824	+0.022%	$339K	$163K	20x	as long as short
edgeX HYPEUSDC	+0.0099%	4h	92.872	+0.073%	$4.9M	$29.6M	30x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.800	−0.004%	$39K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.805	+0.001%	$7.4M	$45.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.854	+0.054%	$2.02B	$665.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.822	+0.019%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.803	−0.001%	$373.2M	$904.1M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	92.799	−0.005%	$113.8M	$304.2M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.942	+0.148%	$202K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.801	−0.003%	$87.2M	$80.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.842	+0.041%	$46.0M	$18.4M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	92.800	−0.004%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.900	+0.103%	$7.3M	$11.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.879	+0.081%	$28.6M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.944	+0.151%	$7.5M	$46.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.852	+0.052%	$350K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.859	+0.059%	$667K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.866	+0.067%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.839	+0.038%	$468K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.891	+0.094%	$79K	$167K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.884	+0.086%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.880	+0.082%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.908	+0.112%	$2.0M	$2.0M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.768	−0.039%	$18.0M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.919	+0.124%	$393K	$164K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	92.930	+0.136%	$4.7M	$5.6M	50x	as long as short
HTX HYPE-USDT	+0.0176%	4h	93.064	+0.280%	$1.4M	$6.3M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0197%	1h	92.962	+0.170%	$20.6M	$30.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	93.150	+0.373%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0264%	1h	92.794	−0.011%	$79K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]short	L +0.0331% / S −0.0154%	1h	92.903	+0.107%	$1.4M	—	100x
BloFin HYPE-USDT	+0.0340%	4h	92.867	+0.068%	$16.7M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0439%	1h	93.004	+0.216%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	92.871	+0.072%	$3.1M	$6.4M	20x	as long as short