HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0179%/8h= +19.6% APRnext payment +$0.22 per $10,000 · paid last 24h −0.029%

Price spread now: RISEx against GMX+0.111%7-day average +0.004% · you sell dearer than you buy

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

Long on GMX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.072%−$7 on $10k

Price spread, last 4 days (all we have)−0.231%−$23 · spread now +0.111%, 7d avg +0.004%

Together, before fees−0.304%−$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and RISEx is 0.107% dearer against GMX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.004%. Mind the row above: over the last 3 days funding on this pair cost −0.072%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX HYPE/USD [WBTC.b-USDC]	93.234	L +0.0331% / S −0.0156%	pay 0.0041% / 1h	26m 00s	$1.4M	—	100x
Short	RISEx HYPE/USDC	93.338	0.0510	get 0.0064% / 1h	26m 00s	$3.2M	$6.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against GMX. 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 GMXbpFee RISExbpOrdersPrice spread, now +0.111%Rate

Funding earned: $37.58
Price spread: +0.111% → +0.004%: $10.67
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $30.25
Costs to cover: 0.180%
Break-even: 1.4 days

Slippage unknown: GMX: no order-book sample; RISEx: live order book, 3 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 RISEx live order book, 3 min ago	0.75 bp	3.7 bp −$4	6.1 bp −$61	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	−0.1224%	1h	93.247	+0.014%	$197K	$227K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	93.126	−0.116%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0110%	1h	93.180	−0.058%	$698K	$995K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.217	−0.019%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	93.240	+0.006%	$85K	$343K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0045%	4h	93.185	−0.053%	$153K	$652K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0044%	1h	93.383	+0.160%	$22K	$21K	10x	as long as short
Phemex HYPEUSDT	−0.0031%	8h	93.223	−0.012%	$12.6M	$2.7M	50x	as long as short
Bullet HYPE-USD	−0.0026%	1h	93.194	−0.043%	$111K	$578K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.234	0.000%	$128K	$31K	5x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	93.226	−0.009%	$23K	$319K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.220	−0.016%	$61K	—	150x	as long as short
Aster HYPEUSDT	+0.0020%	4h	93.218	−0.018%	$8.8M	$35.5M	300x	as long as short
Phoenix HYPE	+0.0026%	1h	93.609	+0.402%	$213K	$1.2M	10x	as long as short
BingX HYPE-USDT	+0.0032%	4h	93.216	−0.020%	—	$53.0M	—	as long as short
Bybit HYPEUSDT	+0.0042%	8h	93.210	−0.026%	$320.5M	$276.7M	75x	as long as short
Gate HYPE_USDT	+0.0060%	4h	93.204	−0.033%	$44.6M	$55.0M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0074%	8h	93.209	−0.027%	$113.9M	$300.7M	50x	as long as short
Derive HYPE-PERP	+0.0083%	1h	93.173	−0.066%	$16.2M	$7.5M	10x	as long as short
Lighter HYPE	+0.0096%	1h	93.232	−0.003%	$16.2M	$61.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.228	−0.007%	$3.1M	$11.6M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.248	+0.015%	$69K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.264	+0.032%	$339K	$162K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.260	+0.028%	$17K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.221	−0.015%	$5.8M	$43.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.292	+0.062%	$2.04B	$655.0M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.270	+0.038%	$10.0M	$14.7M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.212	−0.024%	$378.2M	$875.7M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.364	+0.139%	$203K	$10K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.215	−0.021%	$89.6M	$80.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.228	−0.007%	$45.8M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.216	−0.020%	$225.4M	$96.4M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.198	−0.039%	$7.4M	$10.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.186	−0.052%	$31.1M	$53.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.348	+0.122%	$7.5M	$45.7M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.581	+0.372%	$340K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.296	+0.066%	$666K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.291	+0.060%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.270	+0.038%	$471K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.188	−0.050%	$79K	$170K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.262	+0.030%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.209	−0.027%	$2.0M	$1.9M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.185	−0.053%	$18.4M	$43.7M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.200	−0.037%	$396K	$162K	20x	as long as short
edgeX HYPEUSDC	+0.0111%	4h	93.350	+0.124%	$5.1M	$29.0M	30x	as long as short
HTX HYPE-USDT	+0.0176%	4h	93.400	+0.178%	$1.4M	$6.0M	75x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.290	+0.060%	$4.8M	$5.5M	50x	as long as short
Reya HYPERUSDPERP	+0.0258%	1h	93.207	−0.030%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0276%	8h	93.272	+0.040%	$1.9M	$5.0M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]long	L +0.0331% / S −0.0156%	1h	93.234	long leg	$1.4M	—	100x
BloFin HYPE-USDT	+0.0340%	4h	93.252	+0.019%	$16.9M	$11.6M	75x	as long as short
RISEx HYPE/USDCshort	+0.0510%	1h	93.338	+0.111%	$3.2M	$6.3M	20x
Injective HYPE/USDC PERP	+0.0519%	1h	93.150	−0.090%	$30K	$339K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0565%	1h	93.307	+0.078%	$7.4M	$4.3M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0686%	1h	93.278	+0.047%	$20.7M	$29.7M	50x	as long as short