Funding you earn now, next payment 06:00 UTC−0.0237%/8h= −26.0% APRpaid last 24h −0.060%
Price spread now: Paradex against GMX+0.004%7-day average +0.007% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.191%−$19 on $10k
+Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.004%, 7d avg +0.007%
=Together, before fees−0.239%+ Points / potential airdropParadex: Active · farm board−$24 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX HYPE/USD [WBTC.b-USDC] | 93.548 | L +0.0332% / S −0.0154% | pay 0.0042% / 1h | 49m 42s | $1.4M | — | 100x |
| Short | Paradex HYPE-USD-PERP | 93.552 | 0.0095 | get 0.0095% / 8h | 2h 49m | $340K | $162K | 20x |
GMX HYPE/USD [WBTC.b-USDC]
Paradex HYPE-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$49.86
- Price spread: +0.004% → +0.007%
- −$0.31
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$66.17
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Paradex: live order book, 64 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 Paradex live order book, 64 min ago | 1.18 bp | 3.2 bp −$3 | 6.7 bp −$67 | 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 | −0.1880% | 1h | 93.511 | −0.040% | $197K | $232K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0373% | 1h | 93.547 | −0.001% | $22K | $21K | 10x | as long as short |
| Bullet HYPE-USD | −0.0082% | 1h | 93.541 | −0.008% | $112K | $578K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.613 | +0.069% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0033% | 4h | 93.512 | −0.039% | $146K | $663K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0024% | 1h | 93.615 | +0.071% | $88K | $365K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0011% | 1h | 93.580 | +0.034% | $704K | $1.2M | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.530 | −0.020% | $128K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.556 | +0.008% | $22K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.557 | +0.009% | $62K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Bullet HYPE-USD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
Ondo Perps HYPE-USD.P
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus HYPE-USD | +0.0011% | 1h | 93.473 | −0.081% | $1.0M | $3.9M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0018% | 8h | 93.489 | −0.064% | $12.6M | $2.7M | 50x | as long as short |
| Bitget HYPEUSDT | +0.0018% | 4h | 93.504 | −0.048% | $226.2M | $99.0M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0024% | 8h | 93.510 | −0.041% | $318.0M | $283.6M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.701 | +0.163% | $210K | $1.2M | 10x | as long as short |
| edgeX HYPEUSDC | +0.0083% | 4h | 93.497 | −0.055% | $5.0M | $29.9M | 30x | as long as short |
| Paradex HYPE-USD-PERPshort | +0.0095% | 8h | 93.552 | +0.004% | $340K | $162K | 20x | |
| Lighter HYPE | +0.0096% | 1h | 93.522 | −0.029% | $16.2M | $63.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.522 | −0.028% | $3.1M | $11.4M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.600 | +0.055% | $77K | $1.1M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 93.580 | +0.034% | $28K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.597 | +0.052% | $7.6M | $48.3M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.567 | +0.020% | $2.04B | $666.3M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.512 | −0.039% | $8.7M | $36.4M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.547 | −0.002% | $10.1M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.501 | −0.051% | $374.9M | $911.1M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.510 | −0.041% | $114.7M | $309.3M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.614 | +0.070% | $204K | $3K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.512 | −0.039% | $46.4M | $54.0M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.508 | −0.043% | $92.0M | $80.2M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.522 | −0.028% | $46.8M | $18.7M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.498 | −0.054% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.516 | −0.035% | $7.3M | $10.8M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.649 | +0.107% | $28.7M | $56.6M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.576 | +0.029% | $7.5M | $47.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.516 | −0.035% | $343K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.661 | +0.120% | $670K | $2.9M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.647 | +0.105% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.602 | +0.057% | $490K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.493 | −0.059% | $79K | $166K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.486 | −0.067% | $16.1M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.580 | +0.034% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.463 | −0.091% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.650 | +0.109% | $1.4M | $6.4M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.472 | −0.082% | $18.2M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.526 | −0.024% | $395K | $161K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0120% | 8h | 93.666 | +0.126% | $1.8M | $5.6M | 2.3x | as long as short |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 93.570 | +0.023% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.550 | +0.002% | $4.8M | $5.6M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0268% | 1h | 93.544 | −0.005% | $80K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC]long | L +0.0332% / S −0.0154% | 1h | 93.548 | long leg | $1.4M | — | 100x | |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.673 | +0.133% | $16.9M | $11.9M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0341% | 1h | 93.526 | −0.024% | $20.8M | $29.6M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0381% | 1h | 93.572 | +0.025% | $7.5M | $4.0M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 93.666 | +0.126% | $3.2M | $6.3M | 20x | as long as short |
Arcus HYPE-USD
Phemex HYPEUSDT
Bitget HYPEUSDT
Bybit HYPEUSDT
Phoenix HYPE
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
BingX HYPE-USDT
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
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC