HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.016%

Price spread now: GMX against StandX−0.221%7-day average +0.015% · you buy dearer than you sell

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

Long on StandX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.065%+$6 on $10k

Price spread, last 4 days (all we have)+0.228%+$23 · spread now −0.221%, 7d avg +0.015%

Together, before fees+0.293%+ Points / potential airdropStandX: Active · farm board+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.236% cheaper against StandX than usual: you would sell low and buy high (spread −0.221% now, against its 7-day average of +0.015%). If the spread goes back, that is −$24 on $10k: about 14 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX HYPE-USD	93.565	0.0100	pay 0.0013% / 1h	29m 07s	$668K	$2.6M	20x
Short	GMX HYPE/USD [WBTC.b-USDC]	93.358	L +0.0331% / S −0.0156%	get 0.0019% / 1h	29m 07s	$1.4M	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against StandX. 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 StandXbpFee GMXbpOrdersPrice spread, now −0.221%Rate

Funding earned: $11.66
Price spread: −0.221% → +0.015%: −$23.59
Slippage, 4 orders: no order book: not counted
Fee StandX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$31.92
Costs to cover: 0.200%
Break-even: 26.2 days

Slippage unknown: StandX: live order book, 5 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 StandX live order book, 5 min ago	1.34 bp	5.3 bp −$5	5.5 bp −$55	11.5 bp −$1,153	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	−0.1296%	1h	93.492	−0.078%	$198K	$227K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	93.259	−0.327%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0102%	1h	93.320	−0.262%	$699K	$996K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.383	−0.195%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	93.372	−0.206%	$85K	$343K	20x	as long as short
Phemex HYPEUSDT	−0.0051%	8h	93.315	−0.267%	$12.6M	$2.7M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0047%	1h	93.448	−0.125%	$22K	$21K	10x	as long as short
Orderly PERP_HYPE_USDC	−0.0043%	4h	93.327	−0.254%	$153K	$652K	20x	as long as short
Bullet HYPE-USD	−0.0007%	1h	93.331	−0.251%	$111K	$578K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.408	−0.168%	$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	93.357	−0.222%	$23K	$319K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.347	−0.233%	$62K	—	150x	as long as short
BingX HYPE-USDT	+0.0024%	4h	93.301	−0.282%	—	$53.0M	—	as long as short
Phoenix HYPE	+0.0026%	1h	93.609	+0.047%	$213K	$1.2M	10x	as long as short
Aster HYPEUSDT	+0.0030%	4h	93.346	−0.234%	$8.8M	$35.5M	300x	as long as short
Bybit HYPEUSDT	+0.0039%	8h	93.280	−0.305%	$320.8M	$276.9M	75x	as long as short
Gate HYPE_USDT	+0.0058%	4h	93.301	−0.282%	$44.6M	$55.0M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0075%	8h	93.264	−0.322%	$114.0M	$301.5M	50x	as long as short
Derive HYPE-PERP	+0.0083%	1h	93.301	−0.282%	$16.2M	$7.5M	10x	as long as short
Lighter HYPE	+0.0096%	1h	93.322	−0.260%	$16.2M	$61.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.327	−0.254%	$3.1M	$11.6M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.375	−0.203%	$69K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.418	−0.157%	$339K	$162K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.400	−0.176%	$17K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.400	−0.177%	$5.8M	$43.2M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.364	−0.215%	$2.04B	$654.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.399	−0.177%	$10.0M	$14.7M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.277	−0.308%	$378.4M	$876.4M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.364	−0.215%	$203K	$10K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.302	−0.281%	$89.7M	$80.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.341	−0.239%	$46.0M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.300	−0.283%	$225.6M	$96.6M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.273	−0.312%	$7.4M	$10.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.546	−0.020%	$31.2M	$53.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.614	+0.053%	$7.6M	$45.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.581	+0.017%	$340K	$1.0M	50x	as long as short
StandX HYPE-USDlong	+0.0100%	1h	93.565	long leg	$668K	$2.6M	20x
Vest HYPE-PERP	+0.0100%	1h	93.428	−0.146%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.389	−0.188%	$471K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.296	+0.781%	$80K	$170K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.436	−0.138%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.313	−0.269%	$2.0M	$1.9M	10x	as long as short
edgeX HYPEUSDC	+0.0102%	4h	93.459	−0.113%	$5.1M	$29.7M	30x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.286	−0.298%	$18.4M	$43.7M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.321	−0.260%	$397K	$162K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.390	−0.187%	$4.8M	$5.5M	50x	as long as short
HTX HYPE-USDT	+0.0180%	4h	93.500	−0.069%	$1.4M	$6.0M	75x	as long as short
Reya HYPERUSDPERP	+0.0258%	1h	93.333	−0.248%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0280%	8h	93.416	−0.159%	$1.9M	$5.0M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]short	L +0.0331% / S −0.0156%	1h	93.358	−0.221%	$1.4M	—	100x
BloFin HYPE-USDT	+0.0340%	4h	93.339	−0.242%	$16.9M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0361%	1h	93.402	−0.174%	$7.4M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.464	−0.108%	$3.2M	$6.3M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.280	−0.305%	$30K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0685%	1h	93.373	−0.205%	$20.7M	$29.8M	50x	as long as short