HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.01 per $10,000 · paid last 24h +0.036%

Price spread now: GMX against Coinbase International−0.131%7-day average +0.046% · you buy dearer than you sell

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

Long on Coinbase International Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.195%+$19 on $10k

Price spread, last 3 days (all we have)+0.259%+$26 · spread now −0.131%, 7d avg +0.046%

Together, before fees+0.453%+$45 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and GMX is 0.177% cheaper against Coinbase International than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.046%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.195%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International HYPE-PERP-INTX	93.440	0.0176	pay 0.0022% / 1h	13m 08s	$4.9M	$5.7M	50x
Short	GMX HYPE/USD [WBTC.b-USDC]	93.318	L +0.0339% / S −0.0165%	get 0.0021% / 1h	13m 08s	$1.4M	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Coinbase International. 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 Coinbase InternationalbpFee GMXbpOrdersPrice spread, now −0.131%Rate

Funding earned: −$2.35
Price spread: −0.131% → +0.046%: −$17.66
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$42
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: 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 Coinbase International live order book, 1 min ago	3.21 bp	8.5 bp −$9	14.4 bp −$144	43.5 bp −$4,348	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
Aftermath Perps HYPEUSD	−0.0447%	1h	93.240	−0.215%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0352%	1h	93.222	−0.233%	$197K	$230K	7x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.238	−0.216%	$1.2M	$3.9M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0125%	1h	93.310	−0.139%	$699K	$934K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.373	−0.072%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0024%	1h	93.321	−0.127%	$90K	$360K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.388	−0.056%	$127K	$32K	5x	as long as short
Popdex HYPEUSDT	0.0000%	1h	93.285	−0.166%	$57K	$1.2M	50x	as long as short
Perpl HYPE	0.0000%	43m	93.303	−0.146%	$23K	$330K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.325	−0.123%	$27K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0003%	4h	93.344	−0.103%	$8.9M	$35.8M	300x	as long as short
Orderly PERP_HYPE_USDC	+0.0019%	4h	93.329	−0.119%	$172K	$519K	20x	as long as short
Bybit HYPEUSDT	+0.0022%	8h	93.310	−0.139%	$323.2M	$283.8M	75x	as long as short
Phoenix HYPE	+0.0034%	1h	93.249	−0.204%	$214K	$1.2M	10x	as long as short
Bullet HYPE-USD	+0.0041%	1h	93.295	−0.155%	$112K	$578K	20x	as long as short
Derive HYPE-PERP	+0.0047%	1h	93.257	−0.196%	$16.3M	$7.0M	10x	as long as short
Gate HYPE_USDT	+0.0060%	4h	93.330	−0.118%	$44.0M	$58.7M	75x	as long as short
MEXC HYPE_USDT	+0.0064%	4h	93.328	−0.120%	$90.2M	$82.3M	100x	as long as short
Binance HYPEUSDT	+0.0067%	4h	93.315	−0.134%	$382.0M	$893.5M	75x	as long as short
edgeX HYPEUSDC	+0.0085%	4h	93.171	−0.287%	$5.1M	$29.7M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.371	−0.074%	$18.6M	$59.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.352	−0.094%	$3.1M	$12.2M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.315	−0.134%	$397K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.352	−0.094%	$339K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.260	−0.193%	$35K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.347	−0.099%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.348	−0.098%	$2.03B	$669.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.344	−0.103%	$10.0M	$14.4M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.322	−0.126%	$114.2M	$313.4M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.232	−0.222%	$204K	$8K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.322	−0.126%	$47.0M	$18.7M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.331	−0.117%	$226.4M	$102.8M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.321	−0.127%	—	$53.7M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.339	−0.108%	$7.9M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.203	−0.253%	$29.0M	$50.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.199	−0.258%	$7.5M	$46.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.153	−0.307%	$414K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.269	−0.183%	$675K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.323	−0.125%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.304	−0.146%	$493K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.298	−0.152%	$76K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.349	−0.097%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.310	−0.139%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.278	−0.173%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.281	−0.170%	$18.2M	$41.7M	50x	as long as short
Kalshi KXHYPEPERP	+0.0119%	8h	93.367	−0.078%	$1.9M	$5.2M	2.3x	as long as short
Coinbase International HYPE-PERP-INTXlong	+0.0176%	1h	93.440	long leg	$4.9M	$5.7M	50x
HTX HYPE-USDT	+0.0229%	4h	93.513	+0.078%	$1.5M	$7.7M	75x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	93.420	−0.021%	$30K	$338K	12x	as long as short
Reya HYPERUSDPERP	+0.0247%	1h	93.279	−0.172%	$77K	$159K	15x	as long as short
BloFin HYPE-USDT	+0.0268%	4h	93.316	−0.133%	$16.8M	$12.4M	75x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.341	−0.106%	$2.7M	$6.8M	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]short	L +0.0339% / S −0.0165%	1h	93.318	−0.131%	$1.4M	—	100x
Deribit HYPE_USDC-PERPETUAL	+0.0371%	1h	93.407	−0.035%	$7.4M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0465%	1h	93.439	−0.001%	$20.9M	$29.0M	50x	as long as short