HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.12 per $10,000 · paid last 24h −0.025%

Price spread now: gTrade (Gains Network) against Popdex−0.032%50s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Popdex Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.032% cheaper against Popdex than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex HYPEUSDT	94.140	0.0096	pay 0.0012% / 1h	14m 35s	$72K	$1.2M	50x
Short	gTrade (Gains Network) HYPE/USD	94.110	L +0.0002% / S −0.0002%	get 0.0000% / 1h	14m 35s	$63K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.032%Rate

Funding earned: −$19.7
Price spread: −0.032% → 0.000%: −$3.19
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$39.29
Costs to cover: 0.164%
Break-even: never at this rate

Slippage unknown: Popdex: live order book, 5 min ago; gTrade (Gains Network): no order-book sample. 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 Popdex live order book, 5 min ago	1.06 bp	4.3 bp −$4	6.2 bp −$62	49.7 bp −$4,965	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.1328%	1h	94.084	−0.060%	$199K	$239K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0396%	1h	93.861	−0.296%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.111	−0.031%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0021%	1h	94.103	−0.040%	$112K	$580K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0017%	4h	94.069	−0.075%	$147K	$678K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.106	−0.037%	$129K	$29K	5x	as long as short
01 Exchange HYPEUSD	0.0000%	1h	94.156	+0.017%	$86K	$372K	20x	as long as short
Perpl HYPE	0.0000%	43m	94.127	−0.014%	$23K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USDshort	L +0.0002% / S −0.0002%	1h	94.110	−0.032%	$63K	—	150x
Arcus HYPE-USD	+0.0011%	1h	94.122	−0.019%	$1.0M	$3.9M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget HYPEUSDT	+0.0020%	4h	94.147	+0.007%	$227.1M	$99.3M	75x	as long as short
Bybit HYPEUSDT	+0.0024%	8h	94.111	−0.031%	$319.3M	$284.0M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	94.174	+0.036%	$209K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0026%	8h	94.117	−0.024%	$12.8M	$2.8M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0070%	1h	94.080	−0.064%	$709K	$1.2M	10x	as long as short
edgeX HYPEUSDC	+0.0094%	4h	94.117	−0.024%	$5.0M	$30.2M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	94.183	+0.046%	$342K	$158K	20x	as long as short
Lighter HYPE	+0.0096%	1h	94.153	+0.013%	$16.3M	$63.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.155	+0.016%	$3.1M	$11.5M	20x	as long as short
Popdex HYPEUSDTlong	+0.0096%	1h	94.140	long leg	$72K	$1.2M	50x
Katana Perps HYPE-USD	+0.0100%	8h	94.110	−0.032%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.124	−0.018%	$7.2M	$48.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.202	+0.066%	$2.06B	$675.6M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.145	+0.005%	$8.8M	$36.5M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.174	+0.036%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.149	+0.010%	$378.0M	$919.7M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.106	−0.036%	$116.3M	$315.1M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.358	−0.831%	$216K	$15K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.146	+0.006%	$48.0M	$55.3M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.159	+0.020%	$90.4M	$81.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.151	+0.012%	$46.5M	$18.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.149	+0.010%	—	$53.6M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.130	−0.011%	$7.2M	$10.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.099	−0.043%	$28.9M	$56.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.979	−0.171%	$7.7M	$48.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.161	+0.022%	$345K	$994K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.124	−0.017%	$673K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.191	+0.054%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.144	+0.004%	$484K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.107	−0.035%	$80K	$165K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	94.085	−0.058%	$16.2M	$7.4M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.167	+0.029%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.111	−0.031%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.246	+0.113%	$1.4M	$6.5M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.135	−0.006%	$18.3M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.092	−0.051%	$398K	$159K	20x	as long as short
Kalshi KXHYPEPERP	+0.0121%	8h	94.154	+0.015%	$1.8M	$5.6M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	94.180	+0.042%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.140	0.000%	$4.7M	$6.0M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0239%	1h	94.182	+0.045%	$7.5M	$4.1M	50x	as long as short
Reya HYPERUSDPERP	+0.0270%	1h	94.108	−0.034%	$80K	$127K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0154%	1h	94.106	−0.036%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0338%	1h	94.195	+0.059%	$21.0M	$29.6M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.105	−0.037%	$16.8M	$12.0M	75x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	94.205	+0.069%	$3.2M	$6.3M	20x	as long as short