HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.06 per $10,000 · paid last 24h +0.016%

Price spread now: GMX against Aevo+0.032%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 Aevo Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.062%+$6 on $10k

Price spread, last 4 days (all we have)+0.379%+$38 · spread now +0.032%, 7d avg +0.012%

Together, before fees+0.441%+$44 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo HYPE-PERP	94.640	0.0104	pay 0.0013% / 1h	35m 36s	$400K	$153K	20x
Short	GMX HYPE/USD [WBTC.b-USDC]	94.670	L +0.0331% / S −0.0156%	get 0.0019% / 1h	35m 36s	$1.4M	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aevo. 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 AevobpFee GMXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $10.85
Price spread: +0.032% → +0.012%: $1.97
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee GMX: 6 bp × 2 orders: −$12
Net: −$15.18
Costs to cover: 0.280%
Break-even: 16.8 days

Slippage unknown: Aevo: live order book, 63 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 Aevo live order book, 63 min ago	35.01 bp	43.2 bp −$43	43.2 bp −$432	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	−0.0952%	1h	94.552	−0.092%	$207K	$268K	7x	as long as short
Bluefin HYPE-PERP	−0.0611%	1h	94.615	−0.026%	$80K	$150K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0311%	1h	94.683	+0.046%	$22K	$20K	10x	as long as short
Bullet HYPE-USD	−0.0212%	1h	94.592	−0.050%	$112K	$578K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0155%	1h	94.590	−0.052%	$704K	$1.3M	10x	as long as short
Arcus HYPE-USD	−0.0112%	1h	94.585	−0.058%	$1.0M	$3.5M	10x	as long as short
Gate HYPE_USDT	−0.0082%	4h	94.658	+0.020%	$51.5M	$54.9M	75x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	94.720	+0.085%	$90K	$366K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.588	−0.054%	$3K	$331	25x	as long as short
Phemex HYPEUSDT	−0.0065%	8h	94.634	−0.006%	$12.9M	$2.9M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_HYPEUSD	−0.0047%	1h	94.639	0.000%	$19.0M	$35.4M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0006%	4h	94.628	−0.012%	$147K	$682K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.650	+0.012%	$130K	$94K	5x	as long as short
Bybit HYPEUSDT	0.0000%	8h	94.640	+0.001%	$318.5M	$296.6M	75x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.743	+0.109%	$1.8M	$5.6M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.601	−0.040%	$19K	$286K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.653	+0.015%	$123K	—	150x	as long as short
Phoenix HYPE	+0.0008%	1h	94.747	+0.114%	$210K	$1.2M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	94.590	−0.052%	$4.7M	$6.4M	50x	as long as short
Bitget HYPEUSDT	+0.0028%	4h	94.679	+0.042%	$227.5M	$99.6M	75x	as long as short
Derive HYPE-PERP	+0.0034%	1h	94.592	−0.050%	$16.3M	$7.5M	10x	as long as short
Vest HYPE-PERP	+0.0048%	1h	94.666	+0.028%	—	$190K	5x	as long as short
OKX HYPE-USDT-SWAP	+0.0052%	8h	94.638	−0.002%	$118.1M	$329.8M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0052%	8h	94.672	+0.034%	$338K	$154K	20x	as long as short
Backpack HYPE_USDC_PERP	+0.0095%	1h	94.590	−0.052%	$7.6M	$10.6M	20x	as long as short
edgeX HYPEUSDC	+0.0096%	4h	94.547	−0.098%	$5.0M	$30.8M	30x	as long as short
Lighter HYPE	+0.0096%	1h	94.650	+0.011%	$16.2M	$62.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.649	+0.010%	$3.2M	$10.3M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.586	−0.057%	$148K	$1.3M	50x	as long as short
SoDEX HYPE-USD	+0.0098%	1h	94.659	+0.021%	$2.1M	$2.0M	10x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.660	+0.022%	$40K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.608	−0.033%	$7.3M	$51.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.764	+0.132%	$2.08B	$686.0M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.628	−0.012%	$9.7M	$37.5M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.681	+0.044%	$10.2M	$14.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.650	+0.011%	$381.1M	$938.8M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.564	−0.080%	$220K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.651	+0.012%	$93.9M	$85.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.642	+0.003%	$47.2M	$19.2M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.656	+0.017%	—	$53.5M	—	as long as short
Variational Omni HYPE	+0.0100%	8h	94.619	−0.021%	$30.0M	$56.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.563	−0.081%	$7.6M	$44.7M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.555	−0.089%	$345K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.556	−0.088%	$694K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.675	+0.038%	$499K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.651	+0.012%	$33K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.753	+0.120%	$1.4M	$6.9M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.646	+0.007%	$18.4M	$43.4M	50x	as long as short
Aevo HYPE-PERPlong	+0.0104%	1h	94.640	long leg	$400K	$153K	20x
RISEx HYPE/USDC	+0.0133%	1h	94.710	+0.075%	$3.1M	$6.4M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0141%	1h	94.724	+0.089%	$7.5M	$4.4M	50x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	95.170	+0.561%	$31K	$340K	12x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	94.629	−0.011%	$85K	$113K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]short	L +0.0331% / S −0.0156%	1h	94.670	+0.032%	$1.4M	—	100x
BloFin HYPE-USDT	+0.0340%	4h	94.614	−0.027%	$17.3M	$12.6M	75x	as long as short