Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 162.20 | +0.0096 | pay 0.0012% / 1h | 26m 42s | $117K | $386K | 50x | Long Popdex | |
| SHORT | 162.36 | +0.0100 | get 0.0013% / 1h | 26m 42s | $76.8M | $45.5M | 10x | Short Hyperliquid4% off |
Price gap+0.099%
Funding gap+0.0004% /8h
Funding is ≈ 0, so this is a price-spread trade: +$3 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$1+0.0004% /8h now · paid +0.011% over the last 7D
Price+$3spread +0.099% now, avg +0.065% → +0.034% if it goes back
Costs−$260.262% of $10k · taker + slippage, in and out
Result−$22−0.22%+ Points / potential airdropHyperliquid: Season 2 · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.099%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hAAVE on 42 exchanges
lowest funding firstBefore you open
5 ok · 1 to watch- OK: Fits both order books5.0 / 8.5 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$200 + $1,000Popdex 50x, Hyperliquid 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$0.12Long Popdex: 24 payments, −$2.88; short Hyperliquid: 24 payments, +$3.00.
- OK: Entry gap works for you+0.099% vs +0.065%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$117K vs $76.8M OIPopdex sets your exit cost. Check its book before closing.
- OK: Points on a legHyperliquid Season 2Volume here counts toward the points program.
- OK: No KYC on either legPopdex No · Hyperliquid NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0005%/8h × 21 periods+$1.13
Price spread+0.099% → +0.065% (7d avg)+$3.38
Slippage, 4 orderslive order books−$10.82
Fee Popdex bp × 2 orders−$6.40
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k−$21.71
Costs to cover0.262%Break-even141.0 days
Slippage: Popdex: live order book, 53 min ago; Hyperliquid: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPopdex0.625.0 bp−$517.5 bp−$175doesn’t fitdoesn’t fit
SELL · SHORTHyperliquid1.248.5 bp−$914.2 bp−$14253.9 bp−$5,390216.1 bp−$108.0K
Closing costs about the same again.
| 09-30 01:05 | Reya | Listing | AAVERUSDPERP no longer reported ($AAVE) seen by our collector |
| 09-29 11:00 | Bulk | Listing | AAVE-USD no longer reported ($AAVE) seen by our collector |
| 09-29 08:55 | ApeX Omni | Other | 50 up, 36 down on the ApeX board, median +1.1%. DeFi and payment names swept it: $CRV +21.5%, $HBAR +20.3%, ethereum:0x52a8845df664d76c69d2eea607cd793565af42b8 +15.8%, $XLM +11.2%, $AAVE +11.2%. ethereum:0x52a8845df664d76c69d2eea607cd793565af42b8 has bounced 64% off its August low since ApeX confirmed on 9 Sep that supply is fixed at 500M with no unlocks left. @OfficialApeXdex on X ↗ |
| 09-28 15:17 | OKX | Other | New X Drops just went live in Europe. Trade XDP, HYPE, TAO, LINK, PUMP, UNI, LTC, DOGE, FET, or AAVE for a share of 23M $XDP. $XDP trades get a 3× boost. @okx on X ↗ |
| 09-19 12:00 | KuCoin | Other | Altseason 2026 hasn't officially started—CoinMarketCap's Altcoin Season Index sits near 44, well below the 75 threshold, and Bitcoin dominance is still holding around 58%. But a handful of names are already breaking away: HYPE and ZEC are leading on market cap and momentum, LINK and ONDO anchor the RWA/oracle narrative, while UNI, AAVE, XRP, PENGU, PONS, and Binance Life round out the top 10 watchlist. Which 10 altcoins are traders positioning in before the rotation? We break it all down on the KuCoin Blog 👇 @kucoincom on X ↗ |


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