Funding you earn now, next payment 22:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.03 per $10,000 · paid last 24h −0.003%
Price spread now: Popdex against Pacifica−0.014%7-day average +0.008% · 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−$18as in the Price arb table
costs, in and out, $10k−$160.157% of the position
Funding, last 3 days (all we have)−0.006%−$1 on $10k
+Price spread, last 7 days+0.013%+$1 · spread now −0.014%, 7d avg +0.008%
=Together, before fees+0.007%+ Points / potential airdropPacifica: Active · farm board+$1 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 0.022% cheaper against Pacifica than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.008%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica HYPE | 93.353 | 0.0100 | pay 0.0013% / 1h | 37m 46s | $10.0M | $14.4M | 20x |
| Short | Popdex HYPEUSDT | 93.340 | 0.0072 | get 0.0009% / 1h | 37m 46s | $56K | $1.2M | 50x |
Pacifica HYPE
Popdex HYPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against Pacifica. 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
- −$5.88
- Price spread: −0.014% → +0.008%
- −$2.21
- Slippage, 4 orders
- −$1.26
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$23.75
- Costs to cover
- 0.157%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 1 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 Pacifica live order book, 1 min ago | 0.05 bp | 4.5 bp −$4 | doesn't fit | doesn't fit | doesn't fit |
| Sell Popdex live order book, 1 min ago | 0.32 bp | 3.5 bp −$4 | 4.1 bp −$41 | 16.7 bp −$1,672 | 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 | −0.1160% | 1h | 93.364 | +0.012% | $197K | $233K | 7x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0258% | 1h | 93.250 | −0.110% | $700K | $941K | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0237% | 1h | 93.363 | +0.010% | $22K | $22K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0088% | 1h | 93.364 | +0.012% | $89K | $347K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.300 | −0.057% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0008% | 1h | 93.381 | +0.030% | $112K | $583K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.316 | −0.040% | $127K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.305 | −0.051% | $23K | $337K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.420 | +0.072% | $20K | — | 150x | as long as short |
| Derive HYPE-PERP | +0.0003% | 1h | 93.351 | −0.002% | $16.4M | $7.1M | 10x | as long as short |
Hibachi HYPE/USDT-P
Ondo Perps HYPE-USD.P
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Derive HYPE-PERPShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0009% | 4h | 93.411 | +0.062% | $8.9M | $35.9M | 300x | as long as short |
| Gate HYPE_USDT | +0.0012% | 4h | 93.414 | +0.065% | $44.1M | $56.5M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0035% | 8h | 93.420 | +0.072% | $325.5M | $287.3M | 75x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.527 | +0.186% | $216K | $1.2M | 10x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0071% | 4h | 93.403 | +0.054% | $180K | $529K | 20x | as long as short |
| Popdex HYPEUSDTshort | +0.0072% | 1h | 93.340 | −0.014% | $56K | $1.2M | 50x | |
| Lighter HYPE | +0.0096% | 1h | 93.449 | +0.103% | $18.5M | $59.5M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.426 | +0.078% | $3.1M | $12.3M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0100% | 8h | 93.343 | −0.011% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.350 | −0.003% | $40K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.340 | −0.014% | $6.0M | $44.2M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.486 | +0.143% | $2.03B | $667.7M | 10x | as long as short |
| Pacifica HYPElong | +0.0100% | 1h | 93.353 | long leg | $10.0M | $14.4M | 20x | |
| Binance HYPEUSDT | +0.0100% | 4h | 93.413 | +0.064% | $385.6M | $888.6M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.417 | +0.069% | $114.8M | $315.4M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.312 | −0.044% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.403 | +0.053% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.420 | +0.072% | $92.8M | $82.0M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.453 | +0.107% | $46.4M | $19.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.446 | +0.100% | $227.0M | $102.2M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.416 | +0.067% | — | $54.2M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.434 | +0.087% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.375 | +0.024% | $28.9M | $49.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.408 | +0.059% | $7.5M | $44.9M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.381 | +0.030% | $405K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.453 | +0.107% | $676K | $2.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.372 | +0.020% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.362 | +0.010% | $493K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.416 | +0.067% | $76K | $169K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.433 | +0.086% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.394 | +0.044% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.389 | +0.039% | $12.7M | $2.6M | 50x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.412 | +0.063% | $18.4M | $41.1M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.413 | +0.064% | $397K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0109% | 4h | 93.377 | +0.026% | $5.1M | $29.5M | 30x | as long as short |
| Kalshi KXHYPEPERP | +0.0109% | 8h | 93.399 | +0.049% | $1.9M | $5.3M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.400 | +0.050% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0245% | 1h | 93.341 | −0.013% | $78K | $158K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.310 | −0.046% | $30K | $231K | 12x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0338% / S −0.0164% | 1h | 93.416 | +0.068% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0339% | 1h | 93.503 | +0.161% | $7.4M | $4.6M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.314 | −0.042% | $17.0M | $12.5M | 75x | as long as short |
| HTX HYPE-USDT | +0.0346% | 4h | 93.503 | +0.161% | $1.5M | $7.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.410 | +0.061% | $2.8M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0573% | 1h | 93.523 | +0.182% | $19.2M | $25.9M | 50x | as long as short |
Aster HYPEUSDT
Gate HYPE_USDT
Bybit HYPEUSDT
Phoenix HYPE
Orderly PERP_HYPE_USDC
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Arcus HYPE-USD
Bulk HYPE-USD
MEXC HYPE_USDT
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
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Injective HYPE/USDC PERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
BloFin HYPE-USDT
HTX HYPE-USDT
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD