Settings8H · net · $10k
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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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Funding you earn now, next payment 22:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.09 per $10,000 · paid last 24h +0.003%
Price spread now: Popdex against Bullet+0.020%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$240.238% of the position
Long on BulletShort on Popdex
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.003%$0 on $10k
Price spread, last 3 days (all we have)−0.383%−$38 · spread now +0.020%, 7d avg −0.020%
Together, before fees−0.380%−$38 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Popdex is 0.041% dearer against Bullet than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBullet HYPE-USD93.279−0.0043get 0.0005% / 1h1m 52s$111K$580K20x
ShortPopdex HYPEUSDT93.2980.0032get 0.0004% / 1h1m 52s$57K$1.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex against Bullet. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$15.74
Price spread: +0.020% → −0.020%
$4.07
Slippage, 4 orders
−$9.4
Fee Bullet: 4 bp × 2 orders
−$8
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$4
Costs to cover
0.238%
Break-even
8.8 days
Slippage from Bullet: live order book, 22 min ago; Popdex: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bullet live order book, 22 min ago0.48 bp7.1 bp −$79.1 bp −$91doesn't fitdoesn't fit
Sell Popdex live order book, 2 min ago0.16 bp3.4 bp −$33.9 bp −$3921.6 bp −$2,157doesn't fit

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−0.0800%1h93.293+0.015%$197K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0264%1h93.302+0.024%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0222%1h93.230−0.053%$700K$933K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.322+0.046%$90K$360K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.284+0.005%$3K$33125xas long as short
Bullet HYPE-USDlong−0.0043%1h93.279long leg$111K$580K20x
Derive HYPE-PERP−0.0037%1h93.244−0.037%$16.4M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.280+0.001%$127K$32K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.392+0.121%$1.9M$5.3M2.3xas long as short
Perpl HYPE0.0000%43m93.313+0.036%$23K$334K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.335+0.059%$20K—150xas long as short
Aster HYPEUSDT+0.0008%4h93.2790.000%$8.9M$35.8M300xas long as short
Bybit HYPEUSDT+0.0028%8h93.260−0.020%$324.9M$287.3M75xas long as short
Popdex HYPEUSDTshort+0.0032%1h93.298+0.020%$57K$1.2M50x
Gate HYPE_USDT+0.0036%4h93.275−0.004%$44.0M$58.1M75xas long as short
Orderly PERP_HYPE_USDC+0.0050%4h93.318+0.042%$167K$512K20xas long as short
Phoenix HYPE+0.0068%1h93.2790.000%$215K$1.2M10xas long as short
Vest HYPE-PERP+0.0077%1h93.321+0.045%—$454K5xas long as short
SoDEX HYPE-USD+0.0094%1h93.297+0.019%$2.0M$2.0M10xas long as short
Bluefin HYPE-PERP+0.0095%1h93.287+0.009%$76K$168K20xas long as short
Lighter HYPE+0.0096%1h93.337+0.062%$18.6M$60.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.310+0.033%$3.1M$12.4M20xas long as short
StandX HYPE-USD+0.0097%1h93.283+0.004%$674K$2.5M20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.319+0.043%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.310+0.033%$37K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.297+0.020%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.334+0.059%$2.03B$671.6M10xas long as short
Pacifica HYPE+0.0100%1h93.320+0.044%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.268−0.012%$384.8M$889.2M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.261−0.019%$114.7M$314.7M50xas long as short
Arcus HYPE-USD+0.0100%1h93.270−0.010%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.285+0.006%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.268−0.012%$92.7M$82.6M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.2790.000%$46.2M$18.8M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.281+0.002%$226.6M$102.6M75xas long as short
BingX HYPE-USDT+0.0100%4h93.264−0.016%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.299+0.021%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.211−0.073%$29.0M$50.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.271−0.008%$7.5M$45.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.255−0.026%$405K$1.0M50xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.334+0.059%$493K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h93.329+0.054%$32K$1.6M20xas long as short
Phemex HYPEUSDT+0.0100%8h93.297+0.019%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.252−0.029%$18.4M$41.8M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.313+0.036%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0113%4h93.228−0.055%$5.1M$29.4M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.390+0.119%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0246%1h93.297+0.019%$78K$158K15xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0275%1h93.404+0.134%$7.4M$4.6M50xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.910+0.676%$31K$291K12xas long as short
HTX HYPE-USDT+0.0298%4h93.467+0.202%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.330+0.055%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.243−0.039%$17.1M$12.4M75xas long as short
RISEx HYPE/USDC+0.0467%1h93.356+0.083%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.427+0.159%$19.6M$26.8M50xas long as short