HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.004%

Price spread now: Popdex against Lighter RH−0.043%51s7-day average +0.010% · 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—prices read too far apart to compare

costs, in and out, $10k−$130.127% of the position

Long on Lighter RH Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 7 days+0.036%+$4 · spread now −0.043%, 7d avg +0.010%

Together, before fees+0.035%+ Points / potential airdropLighter RH: Points live · farm board+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Popdex is 0.053% cheaper against Lighter RH than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.010%. The two prices were read 51 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	Lighter RH HYPE	94.260	0.0096	pay 0.0012% / 1h	37m 42s	$3.1M	$12.1M	20x
Short	Popdex HYPEUSDT	94.219	0.0088	get 0.0011% / 1h	37m 42s	$64K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Lighter RH. 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 Lighter RHbpFee PopdexbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$1.68
Price spread: −0.043% → +0.010%: −$5.33
Slippage, 4 orders: −$6.27
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$19.68
Costs to cover: 0.127%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 6 min ago; Popdex: live order book, 1 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 Lighter RH live order book, 6 min ago	1.12 bp	1.4 bp −$1	5.1 bp −$51	33.2 bp −$3,321	doesn't fit
Sell Popdex live order book, 1 min ago	1.70 bp	4.9 bp −$5	5.9 bp −$59	29.5 bp −$2,953	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	−0.1472%	1h	93.931	−0.349%	$199K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	94.137	−0.130%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0270%	1h	94.044	−0.229%	$22K	$23K	10x	as long as short
Phemex HYPEUSDT	−0.0248%	8h	94.207	−0.056%	$12.8M	$2.6M	50x	as long as short
dYdX HYPE-USD	−0.0202%	1h	94.245	−0.016%	$129K	$30K	5x	as long as short
Ondo Perps HYPE-USD.P	−0.0164%	1h	94.180	−0.085%	$705K	$937K	10x	as long as short
Bullet HYPE-USD	−0.0083%	1h	94.194	−0.070%	$112K	$580K	20x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	94.237	−0.024%	$86K	$361K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.032	−0.242%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0012%	4h	94.205	−0.058%	$170K	$592K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	−0.0010%	8h	94.213	−0.050%	$323.7M	$280.7M	75x	as long as short
Gate HYPE_USDT	−0.0006%	4h	94.227	−0.035%	$44.6M	$59.4M	75x	as long as short
Perpl HYPE	0.0000%	43m	94.227	−0.035%	$23K	$327K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.232	−0.030%	$27K	—	150x	as long as short
Aster HYPEUSDT	+0.0018%	4h	94.248	−0.013%	$8.9M	$36.1M	300x	as long as short
Phoenix HYPE	+0.0034%	1h	94.122	−0.146%	$219K	$1.2M	10x	as long as short
MEXC HYPE_USDT	+0.0044%	4h	94.250	−0.011%	$89.2M	$82.3M	100x	as long as short
Derive HYPE-PERP	+0.0045%	1h	94.175	−0.090%	$16.4M	$7.3M	10x	as long as short
Binance HYPEUSDT	+0.0046%	4h	94.247	−0.014%	$384.8M	$893.6M	75x	as long as short
Bluefin HYPE-PERP	+0.0051%	1h	94.215	−0.048%	$76K	$171K	20x	as long as short
edgeX HYPEUSDC	+0.0057%	4h	94.034	−0.240%	$5.1M	$29.8M	30x	as long as short
OKX HYPE-USDT-SWAP	+0.0081%	8h	94.241	−0.020%	$116.3M	$319.6M	50x	as long as short
Popdex HYPEUSDTshort	+0.0088%	1h	94.219	−0.043%	$64K	$1.2M	50x
Lighter HYPE	+0.0096%	1h	94.304	+0.046%	$19.1M	$58.7M	20x	as long as short
Lighter RH HYPElong	+0.0096%	1h	94.260	long leg	$3.1M	$12.1M	20x
Aevo HYPE-PERP	+0.0096%	1h	94.206	−0.058%	$401K	$193K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.281	+0.022%	$342K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.220	−0.042%	$24K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.221	−0.041%	$6.7M	$44.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.346	+0.091%	$2.05B	$674.5M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.263	+0.003%	$10.2M	$14.6M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.272	+0.013%	$46.7M	$18.2M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.242	−0.019%	$228.6M	$101.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.236	−0.025%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.265	+0.005%	$7.8M	$10.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.010	−0.265%	$31.6M	$53.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.030	−0.244%	$7.6M	$45.7M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.016	−0.259%	$340K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.047	−0.226%	$680K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.183	−0.081%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.216	−0.047%	$481K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.268	+0.008%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.236	−0.025%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.120	−0.149%	$205K	$4K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.209	−0.054%	$19.2M	$44.0M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.260	0.000%	$4.9M	$5.5M	50x	as long as short
BloFin HYPE-USDT	+0.0181%	4h	94.032	−0.242%	$17.0M	$12.3M	75x	as long as short
Kalshi KXHYPEPERP	+0.0198%	8h	94.281	+0.022%	$1.9M	$5.1M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.260	0.000%	$31K	$338K	12x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	94.272	+0.013%	$2.8M	$6.7M	20x	as long as short
Reya HYPERUSDPERP	+0.0251%	1h	94.187	−0.077%	$77K	$144K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0157%	1h	94.228	−0.034%	$1.5M	—	100x	as long as short
HTX HYPE-USDT	+0.0430%	4h	94.403	+0.152%	$1.5M	$6.3M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0450%	1h	94.326	+0.070%	$7.5M	$4.7M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0669%	1h	94.327	+0.071%	$21.1M	$29.7M	50x	as long as short