HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0397%/8h= −43.4% APRnext payment −$0.50 per $10,000 · paid last 24h −0.094%

Price spread now: 01 Exchange against GMX−0.049%7-day average +0.013% · you buy dearer than you sell

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

Long on GMX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.239%−$24 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.049%, 7d avg +0.013%

Together, before fees−0.190%−$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and 01 Exchange is 0.063% cheaper against GMX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX HYPE/USD [WBTC.b-USDC]	93.664	L +0.0333% / S −0.0154%	pay 0.0042% / 1h	48m 14s	$1.4M	—	100x
Short	01 Exchange HYPEUSD	93.618	−0.0064	pay 0.0008% / 1h	48m 14s	$86K	$371K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.049%Rate

Funding earned: −$83.27
Price spread: −0.049% → +0.013%: −$6.29
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$108.56
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; 01 Exchange: live order book, 61 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 01 Exchange live order book, 61 min ago	0.37 bp	7.1 bp −$7	13.8 bp −$138	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	−0.1136%	1h	93.719	+0.059%	$199K	$242K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0243%	1h	93.808	+0.153%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0133%	1h	93.610	−0.058%	$706K	$1.2M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.589	−0.080%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0065%	1h	93.618	−0.050%	$111K	$580K	20x	as long as short
01 Exchange HYPEUSDshort	−0.0064%	1h	93.618	−0.049%	$86K	$371K	20x
Bluefin HYPE-PERP	−0.0035%	1h	93.612	−0.056%	$79K	$156K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0020%	4h	93.610	−0.058%	$145K	$685K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.622	−0.045%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.624	−0.043%	$21K	$287K	10x	as long as short

Show 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	93.657	−0.007%	$63K	—	150x	as long as short
Bybit HYPEUSDT	+0.0010%	8h	93.610	−0.058%	$316.2M	$288.0M	75x	as long as short
BingX HYPE-USDT	+0.0010%	4h	93.625	−0.042%	—	$53.7M	—	as long as short
Phoenix HYPE	+0.0017%	1h	93.780	+0.124%	$210K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0040%	4h	93.626	−0.041%	$225.5M	$99.6M	75x	as long as short
ApeX Omni HYPEUSDT	+0.0074%	1h	93.801	+0.146%	$348K	$1.0M	50x	as long as short
Phemex HYPEUSDT	+0.0074%	8h	93.656	−0.009%	$12.8M	$2.8M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0083%	8h	93.647	−0.019%	$335K	$161K	20x	as long as short
Arcus HYPE-USD	+0.0084%	1h	93.590	−0.079%	$1.0M	$4.0M	10x	as long as short
edgeX HYPEUSDC	+0.0091%	4h	93.758	+0.100%	$5.0M	$30.5M	30x	as long as short
Derive HYPE-PERP	+0.0092%	1h	93.587	−0.083%	$16.3M	$7.4M	10x	as long as short
Lighter HYPE	+0.0096%	1h	93.631	−0.036%	$16.1M	$63.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.618	−0.049%	$3.1M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.598	−0.071%	$78K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.600	−0.069%	$23K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.606	−0.063%	$7.4M	$50.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.707	+0.046%	$2.05B	$682.6M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.636	−0.030%	$8.9M	$37.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.670	+0.006%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.633	−0.033%	$375.2M	$931.1M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.624	−0.043%	$115.7M	$316.1M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.624	−0.043%	$48.4M	$55.0M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.611	−0.057%	$88.8M	$83.3M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.660	−0.005%	$46.3M	$18.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.611	−0.057%	$7.2M	$10.8M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.670	+0.006%	$28.6M	$56.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.726	+0.066%	$7.6M	$48.1M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.679	+0.016%	$679K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.685	+0.022%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.633	−0.033%	$470K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.681	+0.018%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.632	−0.035%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.799	+0.144%	$1.4M	$6.7M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.731	+0.071%	$216K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.596	−0.073%	$18.2M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.622	−0.045%	$396K	$159K	20x	as long as short
Kalshi KXHYPEPERP	+0.0106%	8h	93.653	−0.012%	$1.8M	$5.6M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	93.680	+0.017%	$4.7M	$6.1M	50x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	93.670	+0.006%	$30K	$339K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0262%	1h	93.715	+0.054%	$7.4M	$4.2M	50x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	93.602	−0.067%	$77K	$130K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]long	L +0.0333% / S −0.0154%	1h	93.664	long leg	$1.4M	—	100x
BloFin HYPE-USDT	+0.0340%	4h	93.600	−0.069%	$17.0M	$12.2M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0415%	1h	93.702	+0.040%	$20.9M	$29.6M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	93.644	−0.022%	$3.2M	$6.4M	20x	as long as short