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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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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 07:00 UTC−0.0233%/8h= −25.5% APRpaid last 24h −0.063%
Price spread now: SunX against GMX+0.083%7-day average +0.050% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on GMXShort on SunX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.197%−$20 on $10k
Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.083%, 7d avg +0.050%
Together, before fees−0.299%−$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.033% dearer against GMX than usual: you sell high and buy low (spread +0.083% now, against its 7-day average of +0.050%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 11 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX HYPE/USD [WBTC.b-USDC]93.664L +0.0333% / S −0.0154%pay 0.0042% / 1h48m 54s$1.4M—100x
ShortSunX HYPE-USDT93.7410.0100get 0.0050% / 4h1h 48m$32K$1.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
−$48.84
Price spread: +0.083% → +0.050%
$3.32
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$65.52
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; SunX: live order book, 6 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 SunX live order book, 6 min ago19.32 bp34.1 bp −$34doesn't fitdoesn't fitdoesn'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
Hibachi HYPE/USDT-P−0.1136%1h93.719+0.060%$199K$242K7xas long as short
Aftermath Perps HYPEUSD−0.0248%1h93.846+0.195%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0106%1h93.760+0.103%$706K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.716+0.056%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0064%1h93.687+0.025%$86K$372K20xas long as short
Bullet HYPE-USD−0.0053%1h93.613−0.054%$111K$581K20xas long as short
Bluefin HYPE-PERP−0.0029%1h93.599−0.069%$79K$156K20xas long as short
Orderly PERP_HYPE_USDC−0.0019%4h93.600−0.068%$145K$681K20xas long as short
dYdX HYPE-USD0.0000%1h93.743+0.085%$129K$29K5xas long as short
Perpl HYPE0.0000%43m93.679+0.016%$22K$285K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.646−0.019%$63K—150xas long as short
Bybit HYPEUSDT+0.0010%8h93.610−0.057%$316.2M$288.0M75xas long as short
BingX HYPE-USDT+0.0010%4h93.610−0.057%—$53.9M—as long as short
Phoenix HYPE+0.0017%1h93.780+0.124%$210K$1.1M10xas long as short
Bitget HYPEUSDT+0.0040%4h93.629−0.037%$225.5M$99.6M75xas long as short
Phemex HYPEUSDT+0.0071%8h93.624−0.042%$12.8M$2.8M50xas long as short
ApeX Omni HYPEUSDT+0.0074%1h93.801+0.147%$348K$1.0M50xas long as short
Arcus HYPE-USD+0.0084%1h93.593−0.075%$1.0M$4.0M10xas long as short
Paradex HYPE-USD-PERP+0.0085%8h93.690+0.029%$335K$161K20xas long as short
edgeX HYPEUSDC+0.0091%4h93.758+0.101%$5.0M$30.5M30xas long as short
Derive HYPE-PERP+0.0092%1h93.581−0.088%$16.3M$7.4M10xas long as short
Lighter HYPE+0.0096%1h93.598−0.070%$16.2M$63.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.583−0.086%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.670+0.007%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.680+0.018%$23K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.698+0.037%$7.4M$50.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.704+0.043%$2.05B$682.6M10xas long as short
Aster HYPEUSDT+0.0100%4h93.601−0.067%$8.9M$37.4M300xas long as short
Pacifica HYPE+0.0100%1h93.697+0.036%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.622−0.044%$375.2M$931.2M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.600−0.068%$115.6M$316.1M50xas long as short
Gate HYPE_USDT+0.0100%4h93.582−0.087%$48.3M$54.9M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.579−0.090%$88.8M$83.3M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.591−0.077%$46.2M$18.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.611−0.056%$7.2M$10.8M20xas long as short
Variational Omni HYPE+0.0100%8h93.670+0.006%$28.6M$56.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.726+0.067%$7.6M$48.1M10xas long as short
StandX HYPE-USD+0.0100%1h93.812+0.159%$679K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.723+0.064%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.664+0.001%$470K$2.8M20xas long as short
SunX HYPE-USDTshort+0.0100%4h93.741+0.083%$32K$1.6M20x
SoDEX HYPE-USD+0.0100%1h93.598−0.070%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.807+0.153%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.731+0.072%$216K$15K10xas long as short
Extended HYPE-USD+0.0104%1h93.551−0.120%$18.2M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.622−0.045%$396K$159K20xas long as short
Kalshi KXHYPEPERP+0.0106%8h93.653−0.011%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.820+0.167%$4.7M$6.1M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.670+0.007%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0271%1h93.602−0.066%$77K$130K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0273%1h93.703+0.042%$7.4M$4.2M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]longL +0.0333% / S −0.0154%1h93.664long leg$1.4M—100x
BloFin HYPE-USDT+0.0340%4h93.600−0.068%$17.0M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0415%1h93.673+0.010%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.716+0.056%$3.2M$6.4M20xas long as short