HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1054%/8h= +115.4% APRnext payment +$1.32 per $10,000 · paid last 24h +0.077%

Price spread now: GMX against Arcus+0.069%7-day average +0.052% · you sell dearer than you buy

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

Long on Arcus Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.150%+$15 on $10k

Price spread, last 3 days (all we have)−0.002%$0 · spread now +0.069%, 7d avg +0.052%

Together, before fees+0.148%+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: +$32 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.150% in total (about 16.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.32 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	Arcus HYPE-USD	92.959	−0.0899	get 0.0112% / 1h	58m 29s	$1.2M	$3.8M	10x
Short	GMX HYPE/USD [WBTC.b-USDC]	93.023	L +0.0331% / S −0.0156%	get 0.0019% / 1h	58m 29s	$1.4M	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Arcus. 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 ArcusbpFee GMXbpOrdersPrice spread, now +0.069%Rate

Funding earned: $221.36
Price spread: +0.069% → +0.052%: $1.66
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee GMX: 6 bp × 2 orders: −$12
Net: $206.52
Costs to cover: 0.165%
Break-even: 0.5 days

Slippage unknown: Arcus: live order book, 1 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 Arcus live order book, 1 min ago	0.32 bp	3.2 bp −$3	10.1 bp −$101	29.8 bp −$2,983	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 54 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	−0.1136%	1h	93.123	+0.177%	$196K	$226K	7x	as long as short
Arcus HYPE-USDlong	−0.0899%	1h	92.959	long leg	$1.2M	$3.8M	10x
Ondo Perps HYPE-USD.P	−0.0313%	1h	93.040	+0.087%	$698K	$902K	10x	as long as short
Bluefin HYPE-PERP	−0.0180%	1h	93.168	+0.225%	$79K	$170K	20x	as long as short
01 Exchange HYPEUSD	−0.0096%	1h	93.078	+0.128%	$84K	$346K	20x	as long as short
Bullet HYPE-USD	−0.0095%	1h	93.007	+0.052%	$112K	$578K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.198	+0.257%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0052%	4h	92.992	+0.035%	$155K	$639K	20x	as long as short
Phemex HYPEUSDT	−0.0041%	8h	93.198	+0.257%	$12.6M	$2.7M	50x	as long as short
Aster HYPEUSDT	−0.0005%	4h	93.074	+0.123%	$8.8M	$35.4M	300x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX HYPE-USD	0.0000%	1h	93.100	+0.152%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.092	+0.143%	$22K	$321K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.025	+0.071%	$25K	—	150x	as long as short
Bybit HYPEUSDT	+0.0009%	8h	92.990	+0.033%	$319.1M	$275.7M	75x	as long as short
Gate HYPE_USDT	+0.0012%	4h	92.999	+0.043%	$44.3M	$54.0M	75x	as long as short
BingX HYPE-USDT	+0.0012%	4h	93.020	+0.066%	—	$53.1M	—	as long as short
Aftermath Perps HYPEUSD	+0.0013%	1h	93.325	+0.394%	$22K	$21K	10x	as long as short
Phoenix HYPE	+0.0060%	1h	93.318	+0.386%	$210K	$1.2M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0076%	8h	93.020	+0.066%	$114.2M	$300.1M	50x	as long as short
MEXC HYPE_USDT	+0.0078%	4h	93.017	+0.062%	$87.6M	$79.7M	100x	as long as short
Binance HYPEUSDT	+0.0078%	4h	93.008	+0.053%	$378.2M	$873.5M	75x	as long as short
edgeX HYPEUSDC	+0.0083%	4h	93.256	+0.319%	$5.0M	$30.1M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.097	+0.148%	$16.2M	$61.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.086	+0.137%	$3.1M	$11.5M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.062	+0.111%	$67K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.106	+0.158%	$338K	$162K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.090	+0.141%	$12K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.005	+0.050%	$5.7M	$43.5M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.138	+0.193%	$2.03B	$658.6M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.105	+0.157%	$10.0M	$14.6M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.335	+0.404%	$203K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.081	+0.131%	$46.1M	$17.9M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.012	+0.057%	$225.2M	$96.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.155	+0.211%	$7.4M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.219	+0.279%	$31.1M	$54.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.419	+0.495%	$7.5M	$46.9M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.263	+0.327%	$337K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.218	+0.279%	$665K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.122	+0.175%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.054	+0.102%	$473K	$2.4M	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.171	+0.228%	$16.2M	$7.6M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.298	+0.365%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.194	+0.253%	$2.0M	$1.9M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.034	+0.081%	$18.3M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.191	+0.250%	$396K	$170K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.230	+0.292%	$4.9M	$5.4M	50x	as long as short
HTX HYPE-USDT	+0.0206%	4h	93.361	+0.432%	$1.4M	$5.9M	75x	as long as short
Reya HYPERUSDPERP	+0.0256%	1h	93.002	+0.046%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0278%	8h	93.248	+0.311%	$1.9M	$4.8M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]short	L +0.0331% / S −0.0156%	1h	93.023	+0.069%	$1.4M	—	100x
Deribit HYPE_USDC-PERPETUAL	+0.0372%	1h	93.280	+0.345%	$7.4M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.157	+0.214%	$3.2M	$6.7M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.170	+0.227%	$30K	$338K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0686%	1h	93.276	+0.341%	$20.8M	$30.0M	50x	as long as short