Settings8H · net · $10k
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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0009%/8h= +1.0% APRnext payment +$0.01 per $10,000 · paid last 24h −0.003%
Price spread now: Bullet against Popdex+0.010%7-day average +0.020% · 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−$25as in the Price arb table
costs, in and out, $10k−$240.238% of the position
Long on PopdexShort on Bullet
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.003%$0 on $10k
Price spread, last 3 days (all we have)+0.215%+$21 · spread now +0.010%, 7d avg +0.020%
Together, before fees+0.211%+$21 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex HYPEUSDT93.9300.0064pay 0.0008% / 1h2m 07s$60K$1.2M50x
ShortBullet HYPE-USD93.9390.0073get 0.0009% / 1h2m 07s$112K$578K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bullet 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

Funding earned
$1.95
Price spread: +0.010% → +0.020%
−$0.98
Slippage, 4 orders
−$9.43
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee Bullet: 4 bp × 2 orders
−$8
Net
−$22.86
Costs to cover
0.238%
Break-even
89.1 days
Slippage from Popdex: live order book, 2 min ago; Bullet: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Popdex live order book, 2 min ago0.16 bp3.4 bp −$34.1 bp −$4116.3 bp −$1,633doesn't fit
Sell Bullet live order book, 12 min ago0.27 bp10.0 bp −$1014.3 bp −$143doesn't fitdoesn't fit

HYPE on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.1376%1h93.897−0.036%$199K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0346%1h93.948+0.020%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.820−0.117%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0130%1h93.950+0.021%$704K$925K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.924−0.006%$86K$368K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.931+0.001%$3K$33125xas long as short
Derive HYPE-PERP−0.0012%1h93.900−0.032%$16.4M$7.2M10xas long as short
dYdX HYPE-USD−0.0007%1h93.976+0.049%$128K$30K5xas long as short
Orderly PERP_HYPE_USDC−0.0006%4h93.984+0.057%$169K$594K20xas long as short
Perpl HYPE0.0000%43m93.978+0.052%$23K$329K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.990+0.064%$27K—150xas long as short
Phoenix HYPE+0.0009%1h93.898−0.034%$217K$1.2M10xas long as short
Aster HYPEUSDT+0.0017%4h93.961+0.033%$8.9M$36.1M300xas long as short
Bybit HYPEUSDT+0.0018%8h93.970+0.043%$323.4M$283.9M75xas long as short
Phemex HYPEUSDT+0.0030%8h93.928−0.002%$12.8M$2.6M50xas long as short
MEXC HYPE_USDT+0.0046%4h93.979+0.052%$88.4M$82.3M100xas long as short
Binance HYPEUSDT+0.0047%4h93.987+0.061%$384.1M$898.7M75xas long as short
edgeX HYPEUSDC+0.0064%4h93.859−0.075%$5.1M$29.7M30xas long as short
Popdex HYPEUSDTlong+0.0064%1h93.930long leg$60K$1.2M50x
Gate HYPE_USDT+0.0068%4h93.978+0.051%$44.2M$60.1M75xas long as short
Bullet HYPE-USDshort+0.0073%1h93.939+0.010%$112K$578K20x
OKX HYPE-USDT-SWAP+0.0088%8h93.984+0.057%$116.0M$322.9M50xas long as short
Lighter HYPE+0.0096%1h94.029+0.106%$18.9M$60.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.993+0.067%$3.1M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.967+0.039%$400K$318K20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.990+0.064%$42K$1.6M10xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.960+0.032%$341K$171K20xas long as short
Nado HYPE-PERP+0.0100%1h93.941+0.012%$6.6M$44.9M10xas long as short
Hyperliquid HYPE+0.0100%1h94.073+0.152%$2.05B$680.1M10xas long as short
Pacifica HYPE+0.0100%1h93.951+0.023%$10.1M$14.5M20xas long as short
Bulk HYPE-USD+0.0100%1h93.889−0.044%$205K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.996+0.070%$46.5M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.995+0.069%$227.7M$102.0M75xas long as short
BingX HYPE-USDT+0.0100%4h93.968+0.040%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.001+0.076%$7.9M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h93.812−0.125%$31.3M$54.2M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.864−0.071%$7.6M$45.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.817−0.120%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h94.046+0.123%$680K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h94.005+0.080%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.996+0.070%$472K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.963+0.035%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h93.973+0.046%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.967+0.039%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.511%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.940+0.010%$18.4M$42.8M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h94.070+0.149%$4.9M$5.7M50xas long as short
Kalshi KXHYPEPERP+0.0157%8h94.054+0.132%$1.9M$5.1M2.3xas long as short
BloFin HYPE-USDT+0.0185%4h93.999+0.073%$17.0M$12.6M75xas long as short
HTX HYPE-USDT+0.0194%4h94.100+0.181%$1.5M$7.8M75xas long as short
Reya HYPERUSDPERP+0.0250%1h93.966+0.038%$77K$142K15xas long as short
RISEx HYPE/USDC+0.0284%1h93.982+0.055%$2.8M$6.9M20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0324%1h94.067+0.146%$7.5M$4.6M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0338% / S −0.0156%1h93.993+0.067%$1.5M—100xas long as short
Kraken Futures PF_HYPEUSD+0.0577%1h94.082+0.162%$21.0M$29.5M50xas long as short