Funding you earn now, next payment 01:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.007%
Price spread now: Popdex against Extended+0.011%7-day average +0.035% · 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−$15as in the Price arb table
costs, in and out, $10k−$120.122% of the position
Funding, last 3 days (all we have)−0.013%−$1 on $10k
+Price spread, last 7 days−0.019%−$2 · spread now +0.011%, 7d avg +0.035%
=Together, before fees−0.032%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Popdex is 0.024% cheaper against Extended than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.035%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended HYPE-USD | 94.019 | 0.0104 | pay 0.0013% / 1h | 39m 39s | $18.9M | $43.5M | 50x |
| Short | Popdex HYPEUSDT | 94.029 | 0.0088 | get 0.0011% / 1h | 39m 39s | $64K | $1.2M | 50x |
Extended HYPE-USD
Popdex HYPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3.36
- Price spread: +0.011% → +0.035%
- −$2.4
- Slippage, 4 orders
- −$0.83
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$17.98
- Costs to cover
- 0.122%
- Break-even
- never at this rate
Slippage from Extended: live order book, 4 min ago; Popdex: live order book, 4 min ago.
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 Extended live order book, 4 min ago | 0.05 bp | 2.6 bp −$3 | 4.0 bp −$40 | 20.2 bp −$2,023 | doesn't fit |
| Sell Popdex live order book, 4 min ago | 0.32 bp | 3.6 bp −$4 | 4.1 bp −$41 | 20.6 bp −$2,059 | 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 | −0.1480% | 1h | 93.977 | −0.045% | $199K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.949 | −0.074% | $1.2M | $3.8M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0279% | 1h | 94.004 | −0.015% | $22K | $23K | 10x | as long as short |
| Phemex HYPEUSDT | −0.0207% | 8h | 94.095 | +0.081% | $12.8M | $2.6M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0182% | 1h | 94.020 | +0.001% | $705K | $937K | 10x | as long as short |
| dYdX HYPE-USD | −0.0168% | 1h | 94.085 | +0.071% | $128K | $29K | 5x | as long as short |
| Bullet HYPE-USD | −0.0089% | 1h | 94.066 | +0.050% | $112K | $580K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 94.057 | +0.041% | $85K | $361K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.074 | +0.059% | $3K | $331 | 25x | as long as short |
| Gate HYPE_USDT | −0.0054% | 4h | 94.051 | +0.034% | $44.4M | $59.3M | 75x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Phemex HYPEUSDT
Ondo Perps HYPE-USD.P
dYdX HYPE-USD
Bullet HYPE-USD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Gate HYPE_USDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HYPEUSDT | −0.0037% | 8h | 94.030 | +0.012% | $323.2M | $280.8M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0012% | 4h | 94.077 | +0.062% | $170K | $592K | 20x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.099 | +0.085% | $23K | $327K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 94.100 | +0.086% | $27K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0017% | 4h | 94.077 | +0.063% | $8.9M | $36.0M | 300x | as long as short |
| Derive HYPE-PERP | +0.0024% | 1h | 94.038 | +0.021% | $16.4M | $7.1M | 10x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 94.122 | +0.110% | $219K | $1.2M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0044% | 4h | 94.067 | +0.051% | $88.9M | $82.2M | 100x | as long as short |
| Bluefin HYPE-PERP | +0.0045% | 1h | 94.071 | +0.056% | $76K | $171K | 20x | as long as short |
| Binance HYPEUSDT | +0.0045% | 4h | 94.067 | +0.052% | $384.0M | $893.7M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0051% | 4h | 93.973 | −0.049% | $5.1M | $29.8M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0081% | 8h | 94.039 | +0.022% | $116.0M | $318.9M | 50x | as long as short |
| Popdex HYPEUSDTshort | +0.0088% | 1h | 94.029 | +0.011% | $64K | $1.2M | 50x | |
| Lighter HYPE | +0.0096% | 1h | 94.122 | +0.110% | $18.9M | $58.4M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.092 | +0.078% | $3.1M | $12.0M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 94.074 | +0.059% | $400K | $193K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 94.105 | +0.092% | $342K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.050 | +0.033% | $24K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.072 | +0.056% | $6.6M | $44.8M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.174 | +0.165% | $2.05B | $673.7M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.084 | +0.069% | $10.2M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.816 | −0.215% | $204K | $5K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.087 | +0.073% | $46.6M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 94.057 | +0.041% | $228.2M | $101.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.043 | +0.026% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.102 | +0.089% | $7.7M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.010 | −0.009% | $31.6M | $53.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.030 | +0.012% | $7.6M | $45.7M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.865 | −0.164% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.051 | +0.034% | $680K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.090 | +0.076% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.088 | +0.074% | $480K | $2.6M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.158 | +0.148% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.081 | +0.066% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USDlong | +0.0104% | 1h | 94.019 | long leg | $18.9M | $43.5M | 50x | |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 94.170 | +0.161% | $4.9M | $5.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0182% | 4h | 94.026 | +0.008% | $17.0M | $12.3M | 75x | as long as short |
| Kalshi KXHYPEPERP | +0.0193% | 8h | 94.147 | +0.136% | $1.9M | $5.1M | 2.3x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 94.260 | +0.257% | $31K | $338K | 12x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 94.083 | +0.068% | $2.8M | $6.7M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0251% | 1h | 94.062 | +0.046% | $79K | $143K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0338% / S −0.0157% | 1h | 94.102 | +0.088% | $1.5M | — | 100x | as long as short |
| HTX HYPE-USDT | +0.0414% | 4h | 94.258 | +0.255% | $1.5M | $6.3M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0462% | 1h | 94.178 | +0.169% | $7.5M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0671% | 1h | 94.171 | +0.162% | $21.0M | $29.7M | 50x | as long as short |
Bybit HYPEUSDT
Orderly PERP_HYPE_USDC
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Derive HYPE-PERP
Phoenix HYPE
MEXC HYPE_USDT
Bluefin HYPE-PERP
Binance HYPEUSDT
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
Coinbase International HYPE-PERP-INTX
BloFin HYPE-USDT
Kalshi KXHYPEPERP
Injective HYPE/USDC PERP
RISEx HYPE/USDC
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
HTX HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD