HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0276%/8h= +30.2% APRnext payment +$0.34 per $10,000 · paid last 24h +0.049%

Price spread now: GMX against 01 Exchange+0.100%7-day average −0.012% · you sell dearer than you buy

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

Long on 01 Exchange Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.114%+$11 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.100%, 7d avg −0.012%

Together, before fees+0.115%+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and GMX is 0.111% dearer against 01 Exchange than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange HYPEUSD	94.188	−0.0120	get 0.0015% / 1h	28m 16s	$90K	$366K	20x
Short	GMX HYPE/USD [WBTC.b-USDC]	94.282	L +0.0330% / S −0.0156%	get 0.0019% / 1h	28m 16s	$1.4M	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against 01 Exchange. 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 01 ExchangebpFee GMXbpOrdersPrice spread, now +0.100%Rate

Funding earned: $57.89
Price spread: +0.100% → −0.012%: $11.14
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $50.03
Costs to cover: 0.190%
Break-even: 1.0 days

Slippage unknown: 01 Exchange: live order book, 6 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 01 Exchange live order book, 6 min ago	0.64 bp	7.3 bp −$7	18.1 bp −$181	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	−0.0816%	1h	94.248	+0.063%	$210K	$267K	7x	as long as short
Bluefin HYPE-PERP	−0.0608%	1h	94.282	+0.100%	$80K	$150K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0293%	1h	94.418	+0.244%	$22K	$20K	10x	as long as short
Bullet HYPE-USD	−0.0258%	1h	94.231	+0.046%	$112K	$577K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0192%	1h	94.210	+0.023%	$701K	$1.3M	10x	as long as short
01 Exchange HYPEUSDlong	−0.0120%	1h	94.188	long leg	$90K	$366K	20x
Arcus HYPE-USD	−0.0112%	1h	94.204	+0.017%	$1.0M	$3.4M	10x	as long as short
Gate HYPE_USDT	−0.0098%	4h	94.208	+0.021%	$51.5M	$55.3M	75x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.255	+0.071%	$3K	$331	25x	as long as short
Kraken Futures PF_HYPEUSD	−0.0048%	1h	94.326	+0.146%	$18.8M	$35.6M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	−0.0037%	8h	94.380	+0.204%	$317.9M	$294.2M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0010%	4h	94.261	+0.078%	$147K	$678K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.293	+0.111%	$129K	$92K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.352	+0.174%	$1.8M	$5.5M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.232	+0.046%	$19K	$285K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.257	+0.074%	$113K	—	150x	as long as short
Phoenix HYPE	+0.0008%	1h	94.404	+0.229%	$210K	$1.2M	10x	as long as short
Derive HYPE-PERP	+0.0010%	1h	94.160	−0.030%	$16.3M	$7.5M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	94.230	+0.045%	$4.7M	$5.9M	50x	as long as short
Bitget HYPEUSDT	+0.0030%	4h	94.295	+0.114%	$226.8M	$98.3M	75x	as long as short
Vest HYPE-PERP	+0.0037%	1h	94.313	+0.132%	—	$190K	5x	as long as short
Paradex HYPE-USD-PERP	+0.0042%	8h	94.314	+0.134%	$337K	$39K	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0046%	8h	94.390	+0.214%	$117.7M	$327.8M	50x	as long as short
Backpack HYPE_USDC_PERP	+0.0048%	1h	94.308	+0.127%	$7.5M	$10.4M	20x	as long as short
SoDEX HYPE-USD	+0.0048%	1h	94.319	+0.139%	$2.1M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0075%	8h	94.344	+0.166%	$12.9M	$2.9M	50x	as long as short
edgeX HYPEUSDC	+0.0081%	4h	94.269	+0.086%	$5.0M	$31.0M	30x	as long as short
Lighter HYPE	+0.0096%	1h	94.339	+0.160%	$16.2M	$62.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.358	+0.180%	$3.2M	$10.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.199	+0.012%	$148K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.220	+0.034%	$40K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.183	−0.005%	$7.2M	$51.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.322	+0.142%	$2.07B	$689.5M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.357	+0.179%	$9.6M	$38.0M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.282	+0.099%	$10.1M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.365	+0.188%	$380.0M	$932.7M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.213	+0.027%	$219K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.368	+0.191%	$93.0M	$86.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.374	+0.197%	$47.1M	$19.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.232	+0.047%	—	$53.0M	—	as long as short
Variational Omni HYPE	+0.0100%	8h	94.329	+0.150%	$29.9M	$56.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.308	+0.127%	$7.6M	$44.7M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.315	+0.135%	$344K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.250	+0.066%	$694K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.299	+0.118%	$497K	$2.7M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.270	+0.087%	$32K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.450	+0.278%	$1.4M	$6.9M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.276	+0.093%	$18.2M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.329	+0.150%	$399K	$153K	20x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	94.248	+0.064%	$3.1M	$6.4M	20x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	95.170	+1.043%	$31K	$340K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0238%	1h	94.403	+0.228%	$7.5M	$4.4M	50x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	94.218	+0.032%	$82K	$105K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]short	L +0.0330% / S −0.0156%	1h	94.282	+0.100%	$1.4M	—	100x
BloFin HYPE-USDT	+0.0340%	4h	94.351	+0.173%	$17.3M	$12.5M	75x	as long as short