Funding you earn now, next payment 03:00 UTC+0.0188%/8h= +20.6% APRnext payment +$0.23 per $10,000 · paid last 24h −0.004%
Price spread now: Injective against GMX−0.098%57s7-day average +0.154% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.470%+$47 on $10k
+Price spread, last 4 days (all we have)−0.131%−$13 · spread now −0.098%, 7d avg +0.154%
=Funding pays, the price is against you. Injective is 0.252% cheaper against GMX than usual: you would sell low and buy high (spread −0.098% now, against its 7-day average of +0.154%). If the spread goes back, that is −$25 on $10k: about 4.5 days of funding at the current rate (+$6 a day). At the pace of the last 3 days (+0.470% in total) that is about 42 hours. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX HYPE/USD [WBTC.b-USDC] | 93.251 | L +0.0331% / S −0.0156% | pay 0.0041% / 1h | 10m 08s | $1.4M | — | 100x |
| Short | Injective HYPE/USDC PERP | 93.160 | 0.0519 | get 0.0065% / 1h | 10m 08s | $30K | $339K | 12x |
GMX HYPE/USD [WBTC.b-USDC]
Injective HYPE/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $39.45
- Price spread: −0.098% → +0.154%
- −$25.18
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $2.26
- Costs to cover
- 0.120%
- Break-even
- 6.6 days
Slippage unknown: GMX: no order-book sample; Injective: live order book, 54 min ago. 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 GMX no order-book sample | — | — | — | — | — |
| Sell Injective live order book, 54 min ago | 44.26 bp | doesn't fit | doesn't fit | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.0984% | 1h | 93.267 | +0.017% | $197K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.182 | −0.075% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0129% | 1h | 93.170 | −0.087% | $698K | $1.0M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.300 | +0.052% | $3K | $331 | 25x | as long as short |
| Aftermath Perps HYPEUSD | −0.0074% | 1h | 93.238 | −0.014% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0048% | 1h | 93.309 | +0.062% | $85K | $345K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0048% | 4h | 93.217 | −0.037% | $155K | $654K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0011% | 8h | 93.219 | −0.035% | $12.6M | $2.7M | 50x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.319 | +0.072% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.259 | +0.008% | $23K | $319K | 10x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Orderly PERP_HYPE_USDC
Phemex HYPEUSDT
dYdX HYPE-USD
Perpl HYPEShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.252 | 0.000% | $63K | — | 150x | as long as short |
| Bullet HYPE-USD | +0.0005% | 1h | 93.217 | −0.037% | $111K | $579K | 20x | as long as short |
| Aster HYPEUSDT | +0.0024% | 4h | 93.264 | +0.014% | $8.8M | $35.9M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.156 | −0.102% | $212K | $1.2M | 10x | as long as short |
| BingX HYPE-USDT | +0.0036% | 4h | 93.207 | −0.048% | — | $53.0M | — | as long as short |
| Gate HYPE_USDT | +0.0046% | 4h | 93.217 | −0.037% | $44.5M | $55.5M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0047% | 8h | 93.192 | −0.064% | $320.6M | $277.0M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0074% | 8h | 93.185 | −0.071% | $113.7M | $299.2M | 50x | as long as short |
| Derive HYPE-PERP | +0.0086% | 1h | 93.202 | −0.053% | $16.2M | $7.5M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.246 | −0.005% | $16.2M | $62.1M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.243 | −0.009% | $3.1M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.290 | +0.041% | $67K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.336 | +0.090% | $340K | $162K | 20x | as long as short |
| MEXC HYPE_USDT | +0.0098% | 4h | 93.199 | −0.056% | $89.5M | $81.2M | 100x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.236 | −0.017% | $377.0M | $880.3M | 75x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.230 | −0.023% | $24K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.290 | +0.041% | $5.8M | $43.0M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.252 | +0.001% | $2.03B | $657.5M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.337 | +0.092% | $10.0M | $14.8M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.231 | −0.022% | $45.8M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.187 | −0.069% | $225.4M | $96.4M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.186 | −0.070% | $7.4M | $10.2M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.197 | −0.059% | $31.4M | $53.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.122 | −0.139% | $7.5M | $46.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.125 | −0.136% | $338K | $998K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.265 | +0.014% | $666K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.325 | +0.079% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.299 | +0.051% | $473K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.197 | −0.058% | $79K | $167K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.323 | +0.077% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.238 | −0.014% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.155 | −0.104% | $203K | $10K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.191 | −0.065% | $18.3M | $42.9M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.233 | −0.019% | $397K | $162K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0112% | 4h | 93.083 | −0.181% | $5.0M | $28.9M | 30x | as long as short |
| HTX HYPE-USDT | +0.0133% | 4h | 93.433 | +0.195% | $1.4M | $6.0M | 75x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.300 | +0.052% | $4.8M | $5.5M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0259% | 1h | 93.213 | −0.042% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0269% | 8h | 93.302 | +0.054% | $1.9M | $5.2M | 2.3x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0308% | 1h | 93.304 | +0.056% | $7.4M | $4.3M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC]long | L +0.0331% / S −0.0156% | 1h | 93.251 | long leg | $1.4M | — | 100x | |
| BloFin HYPE-USDT | +0.0338% | 4h | 93.247 | −0.005% | $17.0M | $11.5M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.387 | +0.145% | $3.2M | $6.3M | 20x | as long as short |
| Injective HYPE/USDC PERPshort | +0.0519% | 1h | 93.160 | −0.098% | $30K | $339K | 12x | |
| Kraken Futures PF_HYPEUSD | +0.0686% | 1h | 93.312 | +0.064% | $20.7M | $29.8M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Bullet HYPE-USD
Aster HYPEUSDT
Phoenix HYPE
BingX HYPE-USDT
Gate HYPE_USDT
Bybit HYPEUSDT
OKX HYPE-USDT-SWAP
Derive HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
MEXC HYPE_USDT
Binance HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
HTX HYPE-USDT
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
Deribit HYPE_USDC-PERPETUAL
BloFin HYPE-USDT
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD