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 22:00 UTC+0.0427%/8h= +46.8% APRnext payment +$0.53 per $10,000 · paid last 24h +0.026%
Price spread now: RISEx against Popdex+0.080%7-day average −0.009% · 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−$6as in the Price arb table
costs, in and out, $10k−$150.147% of the position
Long on PopdexShort on RISEx
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.109%+$11 on $10k
Price spread, last 7 days−0.057%−$6 · spread now +0.080%, 7d avg −0.009%
Together, before fees+0.052%+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and RISEx is 0.089% dearer against Popdex than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.009%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.109% in total (about 12.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex HYPEUSDT93.3470.0040pay 0.0005% / 1h11m 49s$58K$1.2M50x
ShortRISEx HYPE/USDC93.4220.0467get 0.0058% / 1h11m 49s$2.8M$6.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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
$89.66
Price spread: +0.080% → −0.009%
$8.94
Slippage, 4 orders
−$2.31
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee RISEx: 3 bp × 2 orders
−$6
Net
$83.89
Costs to cover
0.147%
Break-even
0.5 days
Slippage from Popdex: live order book, 2 min ago; RISEx: live order book, 2 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 ago0.32 bp3.6 bp −$44.1 bp −$4122.0 bp −$2,203doesn't fit
Sell RISEx live order book, 2 min ago0.05 bp4.5 bp −$56.4 bp −$64doesn'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−0.0928%1h93.452+0.113%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0263%1h93.583+0.252%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0234%1h93.410+0.067%$702K$932K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.359+0.013%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0072%1h93.364+0.018%$90K$348K20xas long as short
Derive HYPE-PERP−0.0025%1h93.309−0.041%$16.4M$7.1M10xas long as short
Bullet HYPE-USD−0.0019%1h93.364+0.018%$111K$581K20xas long as short
dYdX HYPE-USD0.0000%1h93.459+0.120%$127K$32K5xas long as short
Perpl HYPE0.0000%43m93.395+0.051%$23K$337K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.391+0.048%$20K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT+0.0015%4h93.314−0.035%$8.9M$35.8M300xas long as short
Gate HYPE_USDT+0.0024%4h93.287−0.064%$43.9M$57.6M75xas long as short
Bybit HYPEUSDT+0.0033%8h93.276−0.076%$324.8M$287.1M75xas long as short
Popdex HYPEUSDTlong+0.0040%1h93.347long leg$58K$1.2M50x
Orderly PERP_HYPE_USDC+0.0057%4h93.357+0.011%$162K$541K20xas long as short
Phoenix HYPE+0.0068%1h93.605+0.276%$216K$1.2M10xas long as short
Lighter HYPE+0.0096%1h93.376+0.031%$18.6M$59.8M20xas long as short
Lighter RH HYPE+0.0096%1h93.367+0.021%$3.1M$12.4M20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.377+0.032%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.380+0.035%$37K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.345−0.002%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.387+0.043%$2.03B$670.9M10xas long as short
Pacifica HYPE+0.0100%1h93.376+0.031%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.280−0.072%$385.1M$889.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.268−0.085%$114.5M$314.9M50xas long as short
Arcus HYPE-USD+0.0100%1h93.337−0.011%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.690+0.367%$205K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.321−0.028%$93.3M$82.4M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.331−0.017%$46.3M$18.7M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.297−0.054%$226.7M$102.5M75xas long as short
BingX HYPE-USDT+0.0100%4h93.284−0.067%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.378+0.033%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.561+0.229%$29.2M$50.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.632+0.306%$7.5M$45.3M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.558+0.226%$406K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.510+0.175%$676K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.415+0.073%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.406+0.063%$493K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.346−0.001%$76K$168K20xas long as short
SunX HYPE-USDT+0.0100%4h93.409+0.066%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.328−0.020%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.380+0.035%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.316−0.033%$18.3M$41.4M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.402+0.059%$397K$318K20xas long as short
Kalshi KXHYPEPERP+0.0112%8h93.442+0.102%$1.9M$5.3M2.3xas long as short
edgeX HYPEUSDC+0.0118%4h93.534+0.201%$5.1M$29.7M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.430+0.089%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0246%1h93.348+0.001%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.400+0.057%$30K$291K12xas long as short
HTX HYPE-USDT+0.0296%4h93.550+0.217%$1.5M$7.6M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0328%1h93.457+0.118%$7.4M$4.6M50xas long as short
BloFin HYPE-USDT+0.0340%4h93.405+0.062%$17.1M$12.4M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0346% / S −0.0171%1h93.401+0.058%$1.5M—100xas long as short
RISEx HYPE/USDCshort+0.0467%1h93.422+0.080%$2.8M$6.8M20x
Kraken Futures PF_HYPEUSD+0.0574%1h93.449+0.110%$19.1M$26.1M50xas long as short