Settings8H · net · $10k
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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 23:00 UTC−0.0235%/8h= −25.8% APRnext payment −$0.29 per $10,000 · paid last 24h −0.062%
Price spread now: Extended against GMX+0.058%7-day average −0.056% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on GMXShort on Extended
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.171%−$17 on $10k
Price spread, last 3 days (all we have)−0.148%−$15 · spread now +0.058%, 7d avg −0.056%
Together, before fees−0.319%+ Points / potential airdropExtended: Active · farm board−$32 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.114% dearer against GMX than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of −0.056%): +$11 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 39 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX HYPE/USD [WBTC.b-USDC]93.313L +0.0339% / S −0.0165%pay 0.0042% / 1h13m 52s$1.4M—100x
ShortExtended HYPE-USD93.3670.0104get 0.0013% / 1h13m 52s$18.2M$41.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against GMX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$49.4
Price spread: +0.058% → −0.056%
$11.44
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$54.96
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; Extended: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample—————
Sell Extended live order book, 5 min ago0.05 bp2.6 bp −$33.5 bp −$3523.1 bp −$2,306doesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps HYPEUSD−0.0441%1h93.211−0.109%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0352%1h93.222−0.097%$197K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.205−0.116%$1.2M$4.0M10xas long as short
Ondo Perps HYPE-USD.P−0.0123%1h93.210−0.110%$699K$932K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.272−0.044%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0032%1h93.292−0.022%$90K$361K20xas long as short
dYdX HYPE-USD0.0000%1h93.278−0.037%$127K$32K5xas long as short
Popdex HYPEUSDT0.0000%1h93.260−0.057%$58K$1.2M50xas long as short
Perpl HYPE0.0000%43m93.251−0.066%$23K$330K10xas long as short
Aster HYPEUSDT+0.0001%4h93.377+0.069%$8.9M$35.9M300xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.336+0.025%$27K—150xas long as short
Orderly PERP_HYPE_USDC+0.0020%4h93.329+0.017%$172K$517K20xas long as short
Bybit HYPEUSDT+0.0023%8h93.358+0.048%$323.4M$285.5M75xas long as short
Phoenix HYPE+0.0034%1h93.249−0.068%$214K$1.2M10xas long as short
Bullet HYPE-USD+0.0035%1h93.304−0.009%$112K$578K20xas long as short
Derive HYPE-PERP+0.0047%1h93.269−0.047%$16.3M$7.0M10xas long as short
Gate HYPE_USDT+0.0064%4h93.387+0.079%$44.0M$58.7M75xas long as short
MEXC HYPE_USDT+0.0064%4h93.381+0.073%$90.3M$82.3M100xas long as short
Binance HYPEUSDT+0.0065%4h93.383+0.076%$382.3M$894.7M75xas long as short
edgeX HYPEUSDC+0.0085%4h93.171−0.151%$5.1M$29.7M30xas long as short
Lighter HYPE+0.0096%1h93.415+0.109%$18.6M$59.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.397+0.090%$3.1M$12.2M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.331+0.020%$397K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.282−0.033%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.240−0.078%$35K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.255−0.061%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.401+0.094%$2.03B$669.5M10xas long as short
Pacifica HYPE+0.0100%1h93.293−0.021%$10.0M$14.4M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.355+0.045%$114.3M$314.1M50xas long as short
Bulk HYPE-USD+0.0100%1h93.232−0.086%$204K$8K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.398+0.091%$47.0M$18.7M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.369+0.060%$226.4M$103.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.374+0.066%—$53.8M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.400+0.093%$7.9M$10.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.203−0.117%$29.0M$50.5M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.199−0.122%$7.5M$46.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.153−0.171%$414K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.206−0.115%$674K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.284−0.031%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.293−0.021%$493K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.336+0.025%$76K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.353+0.043%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.354+0.044%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.331+0.019%$12.7M$2.6M50xas long as short
Extended HYPE-USDshort+0.0104%1h93.367+0.058%$18.2M$41.7M50x
Kalshi KXHYPEPERP+0.0117%8h93.425+0.120%$1.9M$5.3M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.410+0.104%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0231%4h93.500+0.201%$1.5M$7.7M75xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.140−0.185%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0247%1h93.257−0.060%$77K$159K15xas long as short
BloFin HYPE-USDT+0.0260%4h93.211−0.109%$16.8M$12.4M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.325+0.013%$2.7M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]longL +0.0339% / S −0.0165%1h93.313long leg$1.4M—100x
Deribit HYPE_USDC-PERPETUAL+0.0435%1h93.459+0.157%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSD+0.0465%1h93.493+0.194%$20.9M$29.0M50xas long as short