Funding you earn now, next payment 05:14 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.018%
Price spread now: Popdex against Perpl0.000%7-day average −0.011% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.078%+$8 on $10k
+Price spread, last 4 days (all we have)−0.224%−$22 · spread now 0.000%, 7d avg −0.011%
=Together, before fees−0.145%+ Points / potential airdropPerpl: Active · farm board−$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl HYPE | 93.347 | 0 | get 0.0000% / 43m | 3m 49s | $22K | $290K | 10x |
| Short | Popdex HYPEUSDT | 93.347 | 0.0096 | get 0.0012% / 1h | 23m 49s | $75K | $1.2M | 50x |
Perpl HYPE
Popdex HYPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex against Perpl. 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
- $20.16
- Price spread: 0.000% → −0.011%
- $1.14
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- $1.1
- Costs to cover
- 0.202%
- Break-even
- 6.6 days
Slippage unknown: Perpl: no order-book sample; Popdex: live order book, just now. Net counts fees only.
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 Perpl no order-book sample | — | — | — | — | — |
| Sell Popdex live order book, just now | 0.05 bp | 3.6 bp −$4 | 4.4 bp −$44 | 25.7 bp −$2,572 | doesn't fit |
Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1424% | 1h | 93.245 | −0.109% | $197K | $237K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0375% | 1h | 93.237 | −0.118% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.291 | −0.060% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0065% | 1h | 93.315 | −0.034% | $111K | $581K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0021% | 4h | 93.316 | −0.033% | $145K | $671K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0008% | 1h | 93.376 | +0.031% | $87K | $365K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.304 | −0.046% | $128K | $29K | 5x | as long as short |
| Perpl HYPElong | 0.0000% | 43m | 93.347 | long leg | $22K | $290K | 10x | |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.350 | +0.003% | $62K | — | 150x | as long as short |
| Arcus HYPE-USD | +0.0011% | 1h | 93.275 | −0.077% | $1.0M | $3.9M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
dYdX HYPE-USD
gTrade (Gains Network) HYPE/USD
Arcus HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget HYPEUSDT | +0.0014% | 4h | 93.250 | −0.104% | $225.0M | $99.0M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0018% | 8h | 93.260 | −0.093% | $316.7M | $282.2M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.282 | −0.069% | $207K | $1.2M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0035% | 1h | 93.240 | −0.114% | $702K | $1.2M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0058% | 8h | 93.343 | −0.004% | $12.7M | $2.8M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0085% | 4h | 93.101 | −0.263% | $4.9M | $29.9M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0094% | 8h | 93.322 | −0.026% | $340K | $157K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.351 | +0.004% | $16.1M | $63.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.350 | +0.003% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDTshort | +0.0096% | 1h | 93.347 | 0.000% | $75K | $1.2M | 50x | |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.260 | −0.093% | $28K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.284 | −0.067% | $8.0M | $48.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.313 | −0.036% | $2.03B | $665.4M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.279 | −0.073% | $8.7M | $36.4M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.310 | −0.039% | $10.1M | $15.3M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.280 | −0.071% | $374.1M | $912.2M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.274 | −0.078% | $114.5M | $309.2M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.230 | −0.125% | $215K | $15K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.265 | −0.088% | $46.9M | $54.4M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.255 | −0.098% | $90.5M | $81.3M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.245 | −0.109% | $46.1M | $18.8M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.260 | −0.093% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.341 | −0.006% | $7.1M | $10.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.070 | −0.297% | $28.4M | $56.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.241 | −0.113% | $7.5M | $47.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.095 | −0.270% | $341K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.296 | −0.054% | $668K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.361 | +0.015% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.346 | −0.001% | $484K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.353 | +0.007% | $79K | $166K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.337 | −0.010% | $16.1M | $7.4M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.375 | +0.030% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.359 | +0.013% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.450 | +0.111% | $1.4M | $6.5M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.228 | −0.127% | $18.1M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.357 | +0.011% | $395K | $158K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0105% | 8h | 93.353 | +0.007% | $1.8M | $5.6M | 2.3x | as long as short |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 93.620 | +0.293% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.370 | +0.025% | $4.6M | $5.8M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0269% | 1h | 93.327 | −0.021% | $80K | $127K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0154% | 1h | 93.336 | −0.012% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.269 | −0.083% | $16.8M | $11.9M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0341% | 1h | 93.403 | +0.061% | $20.8M | $29.5M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0489% | 1h | 93.445 | +0.105% | $7.5M | $4.0M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 93.373 | +0.029% | $3.2M | $6.2M | 20x | as long as short |
Bitget HYPEUSDT
Bybit HYPEUSDT
Phoenix HYPE
Ondo Perps HYPE-USD.P
Phemex HYPEUSDT
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
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
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC