HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.03 per $10,000 · paid last 24h −0.001%

Price spread now: Popdex against ApeX Omni−0.048%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$250.247% of the position

Long on ApeX Omni Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 3 days (all we have)−0.150%−$15 · spread now −0.048%, 7d avg +0.001%

Together, before fees−0.155%−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Popdex is 0.049% cheaper against ApeX Omni than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.001%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni HYPEUSDT	93.558	0.0100	pay 0.0013% / 1h	28m 59s	$406K	$1.0M	50x
Short	Popdex HYPEUSDT	93.513	0.0072	get 0.0009% / 1h	28m 59s	$57K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against ApeX Omni. 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 ApeX OmnibpFee PopdexbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$5.88
Price spread: −0.048% → +0.001%: −$4.89
Slippage, 4 orders: −$8.31
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$35.48
Costs to cover: 0.247%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 5 min ago; Popdex: live order book, just now.

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 ApeX Omni live order book, 5 min ago	3.26 bp	8.3 bp −$8	10.6 bp −$106	doesn't fit	doesn't fit
Sell Popdex live order book, just now	0.21 bp	3.5 bp −$3	4.5 bp −$45	24.7 bp −$2,470	doesn't fit

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	−0.1064%	1h	93.496	−0.067%	$197K	$233K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0276%	1h	93.537	−0.022%	$22K	$22K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0248%	1h	93.440	−0.126%	$701K	$939K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.562	+0.004%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0072%	1h	93.547	−0.012%	$89K	$347K	20x	as long as short
Bullet HYPE-USD	−0.0033%	1h	93.508	−0.053%	$112K	$583K	20x	as long as short
Derive HYPE-PERP	−0.0007%	1h	93.475	−0.089%	$16.4M	$7.1M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.563	+0.006%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.480	−0.083%	$23K	$337K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.552	−0.007%	$20K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0018%	4h	93.538	−0.021%	$9.0M	$35.8M	300x	as long as short
Gate HYPE_USDT	+0.0024%	4h	93.513	−0.048%	$44.1M	$56.6M	75x	as long as short
Bybit HYPEUSDT	+0.0037%	8h	93.530	−0.030%	$325.8M	$287.1M	75x	as long as short
Orderly PERP_HYPE_USDC	+0.0068%	4h	93.516	−0.045%	$175K	$535K	20x	as long as short
Phoenix HYPE	+0.0068%	1h	93.549	−0.010%	$216K	$1.2M	10x	as long as short
Popdex HYPEUSDTshort	+0.0072%	1h	93.513	−0.048%	$57K	$1.2M	50x
Lighter HYPE	+0.0096%	1h	93.569	+0.012%	$18.5M	$59.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.549	−0.010%	$3.1M	$12.3M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0100%	8h	93.504	−0.057%	$340K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.550	−0.009%	$40K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.513	−0.049%	$6.0M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.607	+0.052%	$2.04B	$669.5M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.513	−0.048%	$10.0M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.547	−0.012%	$386.0M	$887.5M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.529	−0.031%	$114.8M	$315.2M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.485	−0.078%	$1.2M	$4.0M	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.510	−0.051%	$93.5M	$82.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.530	−0.030%	$46.4M	$18.7M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.568	+0.011%	$227.3M	$102.2M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.508	−0.053%	—	$54.2M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.551	−0.007%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.541	−0.018%	$28.9M	$49.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.580	+0.024%	$7.5M	$45.2M	10x	as long as short
ApeX Omni HYPEUSDTlong	+0.0100%	1h	93.558	long leg	$406K	$1.0M	50x
StandX HYPE-USD	+0.0100%	1h	93.602	+0.047%	$677K	$2.4M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.555	−0.003%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.545	−0.014%	$494K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.530	−0.030%	$76K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.558	0.000%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.513	−0.048%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.546	−0.013%	$12.7M	$2.6M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.556	−0.002%	$204K	$12K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.536	−0.024%	$18.4M	$41.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.520	−0.040%	$398K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0116%	4h	93.544	−0.015%	$5.1M	$29.6M	30x	as long as short
Kalshi KXHYPEPERP	+0.0126%	8h	93.567	+0.010%	$1.9M	$5.3M	2.3x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0188%	1h	93.619	+0.065%	$7.4M	$4.6M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.560	+0.002%	$4.9M	$5.7M	50x	as long as short
Reya HYPERUSDPERP	+0.0245%	1h	93.512	−0.049%	$78K	$158K	15x	as long as short
Injective HYPE/USDC PERP	+0.0285%	1h	93.510	−0.051%	$30K	$291K	12x	as long as short
HTX HYPE-USDT	+0.0326%	4h	93.681	+0.131%	$1.5M	$7.6M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0164%	1h	93.554	−0.004%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.513	−0.048%	$17.0M	$12.5M	75x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.581	+0.025%	$2.7M	$6.8M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0573%	1h	93.631	+0.078%	$19.2M	$26.0M	50x	as long as short