HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.12 per $10,000 · paid last 24h +0.025%

Price spread now: Popdex against gTrade (Gains Network)+0.096%110s7-day average −0.004% · 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—prices read too far apart to compare

costs, in and out, $10k−$2872.871% of the position

Long on gTrade (Gains Network)Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.093%+$9 on $10k

Price spread, last 4 days (all we have)−0.130%−$13 · spread now +0.096%, 7d avg −0.004%

Together, before fees−0.037%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Popdex is 0.099% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.004%. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) HYPE/USD	94.763	L +0.0002% / S 0.0000%	pay 0.0000% / 1h	52m 34s	$124K	—	150x
Short	Popdex HYPEUSDT	94.853	0.0096	get 0.0012% / 1h	52m 34s	$144K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee PopdexbpOrdersPrice spread, now +0.096%Rate

Funding earned: $19.77
Price spread: +0.096% → −0.004%: $9.94
Slippage, 4 orders: −$270.7
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$257.39
Costs to cover: 2.871%
Break-even: 98.1 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 11 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 11 min ago	130.00 bp	135.0 bp −$135	135.0 bp −$1,350	731.2 bp −$73.1K	7341.5 bp −$3.67M
Sell Popdex live order book, 2 min ago	5.33 bp	8.5 bp −$9	10.0 bp −$100	58.7 bp −$5,869	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	−0.1440%	1h	94.577	−0.196%	$207K	$267K	7x	as long as short
Phemex HYPEUSDT	−0.0507%	8h	94.813	+0.053%	$12.9M	$2.9M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0312%	1h	94.675	−0.092%	$22K	$20K	10x	as long as short
Bluefin HYPE-PERP	−0.0306%	1h	94.783	+0.022%	$80K	$150K	20x	as long as short
Bullet HYPE-USD	−0.0144%	1h	94.845	+0.087%	$112K	$576K	20x	as long as short
Arcus HYPE-USD	−0.0112%	1h	94.789	+0.028%	$1.0M	$3.5M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.756	−0.007%	$3K	$331	25x	as long as short
Ondo Perps HYPE-USD.P	−0.0074%	1h	94.810	+0.050%	$714K	$1.2M	10x	as long as short
01 Exchange HYPEUSD	−0.0072%	1h	94.869	+0.112%	$88K	$364K	20x	as long as short
Kraken Futures PF_HYPEUSD	−0.0047%	1h	94.882	+0.127%	$20.3M	$30.3M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_HYPE_USDC	−0.0007%	4h	94.799	+0.039%	$147K	$685K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.808	+0.048%	$130K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.930	+0.177%	$1.9M	$5.5M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.846	+0.088%	$19K	$285K	10x	as long as short
gTrade (Gains Network) HYPE/USDlong	L +0.0002% / S 0.0000%	1h	94.763	long leg	$124K	—	150x
Phoenix HYPE	+0.0008%	1h	94.810	+0.050%	$208K	$1.2M	10x	as long as short
Bitget HYPEUSDT	+0.0012%	4h	94.820	+0.061%	$227.4M	$99.6M	75x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	94.800	+0.040%	$4.7M	$6.2M	50x	as long as short
Derive HYPE-PERP	+0.0022%	1h	94.691	−0.075%	$16.4M	$7.4M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0051%	8h	94.873	+0.116%	$339K	$154K	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0064%	8h	94.835	+0.077%	$118.2M	$327.6M	50x	as long as short
Vest HYPE-PERP	+0.0069%	1h	94.861	+0.104%	—	$190K	5x	as long as short
Lighter HYPE	+0.0080%	1h	94.832	+0.073%	$16.3M	$61.8M	20x	as long as short
edgeX HYPEUSDC	+0.0083%	4h	94.539	−0.236%	$5.0M	$30.7M	30x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.827	+0.068%	$3.2M	$10.2M	20x	as long as short
Popdex HYPEUSDTshort	+0.0096%	1h	94.853	+0.096%	$144K	$1.2M	50x
Katana Perps HYPE-USD	+0.0100%	8h	94.840	+0.082%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.811	+0.052%	$7.3M	$52.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.919	+0.165%	$2.09B	$688.3M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.827	+0.069%	$9.6M	$37.6M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.869	+0.112%	$10.2M	$14.8M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.844	+0.086%	$380.9M	$933.5M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	94.822	+0.063%	$317.8M	$288.8M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.685	−0.082%	$219K	$12K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.828	+0.069%	$51.0M	$53.7M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.834	+0.075%	$93.8M	$84.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.830	+0.071%	$47.0M	$18.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.847	+0.089%	—	$53.4M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.821	+0.062%	$7.6M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.549	−0.225%	$29.9M	$55.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.656	−0.113%	$7.6M	$44.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.534	−0.241%	$351K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.702	−0.064%	$693K	$2.7M	20x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.884	+0.128%	$500K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.946	+0.194%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.825	+0.066%	$2.1M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.976	+0.225%	$1.4M	$6.9M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.822	+0.062%	$18.4M	$43.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.826	+0.067%	$401K	$153K	20x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	94.889	+0.134%	$3.2M	$6.4M	20x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	94.950	+0.198%	$31K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.820	+0.061%	$83K	$118K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0327% / S −0.0152%	1h	94.868	+0.111%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0340%	1h	94.918	+0.164%	$7.5M	$4.4M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.800	+0.040%	$17.2M	$12.5M	75x	as long as short