HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0444%/8h= −48.6% APRnext payment −$0.55 per $10,000 · paid last 24h −0.034%

Price spread now: GMX against RISEx−0.061%7-day average −0.006% · you buy dearer than you sell

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

Long on RISEx Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.062%−$6 on $10k

Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.061%, 7d avg −0.006%

Together, before fees+0.056%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and GMX is 0.055% cheaper against RISEx than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.006%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.062% in total (about -6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.55 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx HYPE/USDC	93.289	0.0598	pay 0.0075% / 1h	17m 29s	$3.2M	$6.3M	20x
Short	GMX HYPE/USD [WBTC.b-USDC]	93.232	L +0.0331% / S −0.0154%	get 0.0019% / 1h	17m 29s	$1.4M	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against RISEx. 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 RISExbpFee GMXbpOrdersPrice spread, now −0.061%Rate

Funding earned: −$93.18
Price spread: −0.061% → −0.006%: −$5.51
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: −$116.69
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 2 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 RISEx live order book, 2 min ago	0.05 bp	5.5 bp −$6	7.5 bp −$75	doesn't fit	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	−0.1744%	1h	92.865	−0.454%	$194K	$232K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0303%	1h	92.926	−0.389%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	93.202	−0.093%	$1.1M	$3.9M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.219	−0.075%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0053%	4h	93.214	−0.080%	$146K	$674K	20x	as long as short
Bullet HYPE-USD	−0.0007%	1h	93.222	−0.071%	$112K	$577K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.254	−0.037%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.236	−0.057%	$22K	$293K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.234	−0.059%	$62K	—	150x	as long as short
Ondo Perps HYPE-USD.P	+0.0016%	1h	93.160	−0.138%	$697K	$1.1M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange HYPEUSD	+0.0024%	1h	93.253	−0.039%	$87K	$365K	20x	as long as short
Phoenix HYPE	+0.0026%	1h	92.923	−0.392%	$208K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0031%	8h	93.210	−0.085%	$317.9M	$284.3M	75x	as long as short
Bitget HYPEUSDT	+0.0042%	4h	93.210	−0.085%	$225.6M	$99.1M	75x	as long as short
Phemex HYPEUSDT	+0.0043%	8h	93.109	−0.193%	$12.6M	$2.7M	50x	as long as short
Popdex HYPEUSDT	+0.0048%	1h	93.215	−0.079%	$76K	$1.1M	50x	as long as short
Gate HYPE_USDT	+0.0076%	4h	93.222	−0.072%	$45.4M	$54.6M	75x	as long as short
edgeX HYPEUSDC	+0.0093%	4h	92.807	−0.517%	$4.9M	$29.6M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.250	−0.042%	$16.0M	$62.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.259	−0.032%	$3.2M	$11.6M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0098%	8h	93.255	−0.037%	$339K	$163K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	93.260	−0.031%	$40K	$1.7M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.250	−0.042%	$8.7M	$36.4M	300x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.212	−0.083%	$7.2M	$46.2M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.266	−0.025%	$2.03B	$668.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.256	−0.036%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.263	−0.028%	$375.3M	$910.2M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.210	−0.085%	$114.2M	$306.2M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.709	−0.622%	$202K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.234	−0.059%	$91.7M	$81.3M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.215	−0.079%	$46.3M	$18.5M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.219	−0.075%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.183	−0.114%	$7.3M	$11.2M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.839	−0.483%	$28.5M	$57.2M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.866	−0.453%	$7.5M	$46.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.950	−0.363%	$341K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.943	−0.371%	$668K	$2.9M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.227	−0.066%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.262	−0.029%	$489K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.220	−0.074%	$79K	$167K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.982	−0.329%	$16.0M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.915	−0.401%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.005	−0.304%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.283	−0.006%	$1.4M	$6.3M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.189	−0.108%	$18.1M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.000	−0.309%	$393K	$164K	20x	as long as short
Kalshi KXHYPEPERP	+0.0128%	8h	93.156	−0.143%	$1.8M	$5.5M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.140	−0.160%	$4.7M	$5.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0196%	1h	93.192	−0.104%	$20.7M	$29.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	93.150	−0.149%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0266%	1h	93.209	−0.086%	$80K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]short	L +0.0331% / S −0.0154%	1h	93.232	−0.061%	$1.4M	—	100x
BloFin HYPE-USDT	+0.0340%	4h	92.937	−0.377%	$16.8M	$11.8M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0438%	1h	93.100	−0.203%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDClong	+0.0598%	1h	93.289	long leg	$3.2M	$6.3M	20x