Funding you earn now, next payment 05:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h +0.001%
Price spread now: Coinbase International against Popdex+0.045%7-day average −0.027% · 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−$20as in the Price arb table
costs, in and out, $10k−$270.271% of the position
Funding, last 4 days (all we have)−0.135%−$13 on $10k
+Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.045%, 7d avg −0.027%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.072% dearer against Popdex than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.027%. Mind the row above: over the last 4 days funding on this pair cost −0.135%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex HYPEUSDT | 93.758 | 0.0096 | pay 0.0012% / 1h | 21m 13s | $73K | $1.2M | 50x |
| Short | Coinbase International HYPE-PERP-INTX | 93.800 | 0.0144 | get 0.0018% / 1h | 21m 13s | $4.6M | $5.8M | 50x |
Popdex HYPEUSDT
Coinbase International HYPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Popdex. 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
- $10.08
- Price spread: +0.045% → −0.027%
- $7.21
- Slippage, 4 orders
- −$10.69
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$9.8
- Costs to cover
- 0.271%
- Break-even
- 13.8 days
Slippage from Popdex: live order book, 3 min ago; Coinbase International: live order book, 3 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, 3 min ago | 0.05 bp | 3.3 bp −$3 | 4.2 bp −$42 | 21.3 bp −$2,126 | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 4.29 bp | 10.9 bp −$11 | 15.8 bp −$158 | 33.6 bp −$3,357 | 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 | −0.1392% | 1h | 93.393 | −0.390% | $197K | $238K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0396% | 1h | 93.328 | −0.458% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.513 | −0.261% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0049% | 1h | 93.749 | −0.009% | $111K | $581K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0019% | 4h | 93.684 | −0.079% | $146K | $672K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.560 | −0.211% | $128K | $29K | 5x | as long as short |
| 01 Exchange HYPEUSD | 0.0000% | 1h | 93.791 | +0.035% | $88K | $365K | 20x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.772 | +0.015% | $22K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.760 | +0.002% | $62K | — | 150x | as long as short |
| Arcus HYPE-USD | +0.0011% | 1h | 93.637 | −0.129% | $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
dYdX HYPE-USD
01 Exchange HYPEUSD
Perpl HYPE
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 | +0.0012% | 4h | 93.801 | +0.046% | $226.3M | $98.9M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0018% | 8h | 93.722 | −0.038% | $318.2M | $282.3M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.624 | −0.143% | $208K | $1.2M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0032% | 1h | 93.620 | −0.147% | $704K | $1.2M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0046% | 8h | 93.732 | −0.028% | $12.8M | $2.8M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0094% | 4h | 93.211 | −0.583% | $5.0M | $29.9M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0094% | 8h | 93.566 | −0.205% | $340K | $157K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.725 | −0.035% | $16.2M | $63.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.741 | −0.018% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDTlong | +0.0096% | 1h | 93.758 | long leg | $73K | $1.2M | 50x | |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.690 | −0.073% | $28K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.731 | −0.029% | $8.0M | $48.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.810 | +0.056% | $2.04B | $667.5M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.715 | −0.046% | $8.7M | $36.4M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.590 | −0.179% | $10.1M | $15.3M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.743 | −0.016% | $375.9M | $913.3M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.802 | +0.047% | $115.4M | $312.1M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.358 | −0.427% | $216K | $15K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.792 | +0.036% | $47.3M | $54.5M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.784 | +0.028% | $90.5M | $81.6M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.753 | −0.005% | $46.3M | $18.8M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.789 | +0.033% | — | $53.8M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.778 | +0.021% | $7.2M | $10.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.070 | −0.734% | $28.4M | $56.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.275 | −0.515% | $7.5M | $47.3M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.227 | −0.566% | $342K | $997K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.427 | −0.353% | $668K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.723 | −0.037% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.730 | −0.030% | $486K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.721 | −0.039% | $79K | $166K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.698 | −0.064% | $16.2M | $7.4M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.593 | −0.176% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.717 | −0.044% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.849 | +0.097% | $1.4M | $6.5M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.678 | −0.085% | $18.2M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.716 | −0.044% | $396K | $158K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0113% | 8h | 93.680 | −0.083% | $1.8M | $5.6M | 2.3x | as long as short |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 93.620 | −0.147% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTXshort | +0.0144% | 1h | 93.800 | +0.045% | $4.6M | $5.8M | 50x | |
| Reya HYPERUSDPERP | +0.0269% | 1h | 93.767 | +0.009% | $80K | $127K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0154% | 1h | 93.765 | +0.007% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0340% | 1h | 93.796 | +0.040% | $20.9M | $29.4M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.730 | −0.030% | $16.8M | $12.0M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0486% | 1h | 93.802 | +0.047% | $7.5M | $4.1M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 93.742 | −0.017% | $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
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
Kraken Futures PF_HYPEUSD
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC