HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h +0.004%

Price spread now: Aevo against Popdex−0.034%7-day average −0.001% · 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−$41as in the Price arb table

costs, in and out, $10k−$380.375% of the position

Long on Popdex Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.010%+$1 on $10k

Price spread, last 3 days (all we have)−0.072%−$7 · spread now −0.034%, 7d avg −0.001%

Together, before fees−0.062%−$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aevo is 0.032% cheaper against Popdex than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of −0.001%). If the spread goes back, that is −$3 on $10k: about 25 hours of funding at the current rate (+$3 a day). At the pace of the last 3 days (+0.010% in total) that is about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex HYPEUSDT	93.125	0	get 0.0000% / 1h	37m 10s	$58K	$1.2M	50x
Short	Aevo HYPE-PERP	93.094	0.0104	get 0.0013% / 1h	37m 10s	$396K	$318K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Popdex. 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 PopdexbpFee AevobpOrdersPrice spread, now −0.034%Rate

Funding earned: $21.84
Price spread: −0.034% → −0.001%: −$3.2
Slippage, 4 orders: −$15.12
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$18.88
Costs to cover: 0.375%
Break-even: 13.1 days

Slippage from Popdex: live order book, 2 min ago; Aevo: live order book, 47 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 Popdex live order book, 2 min ago	0.05 bp	3.3 bp −$3	4.5 bp −$45	36.0 bp −$3,597	doesn't fit
Sell Aevo live order book, 47 min ago	4.37 bp	13.2 bp −$13	17.1 bp −$171	22.6 bp −$2,259	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
Aftermath Perps HYPEUSD	−0.0362%	1h	93.223	+0.105%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0184%	1h	93.205	+0.086%	$197K	$230K	7x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.101	−0.026%	$1.2M	$4.0M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0103%	1h	93.150	+0.027%	$700K	$924K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.161	+0.039%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0016%	1h	93.125	0.000%	$90K	$361K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.189	+0.069%	$127K	$32K	5x	as long as short
Popdex HYPEUSDTlong	0.0000%	1h	93.125	long leg	$58K	$1.2M	50x
Perpl HYPE	0.0000%	43m	93.144	+0.021%	$23K	$331K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.150	+0.027%	$20K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0008%	4h	93.111	−0.015%	$8.8M	$36.0M	300x	as long as short
Bybit HYPEUSDT	+0.0027%	8h	93.090	−0.038%	$323.1M	$286.9M	75x	as long as short
Orderly PERP_HYPE_USDC	+0.0033%	4h	93.112	−0.014%	$171K	$519K	20x	as long as short
Phoenix HYPE	+0.0034%	1h	93.374	+0.267%	$214K	$1.2M	10x	as long as short
Bullet HYPE-USD	+0.0035%	1h	93.106	−0.020%	$111K	$579K	20x	as long as short
Gate HYPE_USDT	+0.0038%	4h	93.089	−0.039%	$43.8M	$57.9M	75x	as long as short
Derive HYPE-PERP	+0.0039%	1h	93.083	−0.045%	$16.3M	$7.1M	10x	as long as short
Binance HYPEUSDT	+0.0089%	4h	93.088	−0.040%	$382.7M	$892.5M	75x	as long as short
MEXC HYPE_USDT	+0.0090%	4h	93.083	−0.045%	$89.8M	$81.8M	100x	as long as short
Lighter HYPE	+0.0096%	1h	93.152	+0.029%	$18.5M	$58.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.123	−0.002%	$3.1M	$12.1M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0098%	8h	93.143	+0.019%	$338K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.150	+0.027%	$40K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.120	−0.006%	$5.9M	$44.0M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.126	+0.001%	$2.02B	$670.2M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.153	+0.030%	$10.0M	$14.3M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.092	−0.035%	$113.8M	$313.5M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.390	+0.285%	$204K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.115	−0.011%	$47.1M	$18.9M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.116	−0.010%	$225.7M	$102.8M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.098	−0.029%	—	$53.8M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.118	−0.008%	$7.8M	$11.2M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.354	+0.246%	$29.0M	$50.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.268	+0.153%	$7.5M	$46.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.246	+0.130%	$412K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.210	+0.091%	$674K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.183	+0.062%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.158	+0.035%	$493K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.116	−0.010%	$76K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.178	+0.057%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.105	−0.021%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.153	+0.030%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.089	−0.039%	$18.2M	$42.1M	50x	as long as short
Aevo HYPE-PERPshort	+0.0104%	1h	93.094	−0.034%	$396K	$318K	20x
edgeX HYPEUSDC	+0.0106%	4h	93.228	+0.111%	$5.1M	$29.6M	30x	as long as short
Kalshi KXHYPEPERP	+0.0108%	8h	93.221	+0.103%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.190	+0.070%	$4.9M	$5.7M	50x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	93.070	−0.059%	$30K	$338K	12x	as long as short
Reya HYPERUSDPERP	+0.0247%	1h	93.100	−0.027%	$78K	$158K	15x	as long as short
HTX HYPE-USDT	+0.0259%	4h	93.300	+0.188%	$1.5M	$7.7M	75x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.204	+0.085%	$2.8M	$6.8M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0319%	1h	93.211	+0.092%	$7.4M	$4.6M	50x	as long as short
BloFin HYPE-USDT	+0.0329%	4h	93.087	−0.041%	$16.9M	$12.4M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0340% / S −0.0159%	1h	93.154	+0.032%	$1.5M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0466%	1h	93.200	+0.080%	$20.8M	$28.9M	50x	as long as short