HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0144%/8h= −15.8% APRnext payment −$0.18 per $10,000 · paid last 24h −0.021%

Price spread now: 01 Exchange against Popdex+0.136%58s7-day average +0.023% · 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—prices read too far apart to compare

costs, in and out, $10k−$260.262% of the position

Long on Popdex Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.023%−$2 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.136%, 7d avg +0.023%

Together, before fees−0.142%−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. 01 Exchange is 0.113% dearer against Popdex than usual: you sell high and buy low (spread +0.136% now, against its 7-day average of +0.023%): +$11 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 3 days (−0.023% in total) that is about 16 days. The two prices were read 58 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	93.561	0.0072	pay 0.0009% / 1h	26m 36s	$57K	$1.2M	50x
Short	01 Exchange HYPEUSD	93.688	−0.0072	pay 0.0009% / 1h	26m 36s	$90K	$349K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.136%Rate

Funding earned: −$30.24
Price spread: +0.136% → +0.023%: $11.31
Slippage, 4 orders: −$12.78
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$45.12
Costs to cover: 0.262%
Break-even: never at this rate

Slippage from Popdex: live order book, 3 min ago; 01 Exchange: live order book, 62 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	0.21 bp	3.4 bp −$3	4.0 bp −$40	20.2 bp −$2,022	doesn't fit
Sell 01 Exchange live order book, 62 min ago	0.21 bp	10.5 bp −$11	27.2 bp −$272	doesn't fit	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	−0.1016%	1h	93.493	−0.073%	$197K	$233K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0279%	1h	93.540	−0.023%	$22K	$22K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0243%	1h	93.570	+0.010%	$702K	$939K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.557	−0.004%	$3K	$331	25x	as long as short
01 Exchange HYPEUSDshort	−0.0072%	1h	93.688	+0.136%	$90K	$349K	20x
Bullet HYPE-USD	−0.0037%	1h	93.584	+0.025%	$112K	$583K	20x	as long as short
Derive HYPE-PERP	−0.0009%	1h	93.553	−0.009%	$16.4M	$7.1M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.644	+0.089%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.583	+0.023%	$23K	$337K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.631	+0.074%	$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	+0.0020%	4h	93.648	+0.093%	$9.0M	$35.8M	300x	as long as short
Gate HYPE_USDT	+0.0032%	4h	93.653	+0.098%	$44.0M	$56.9M	75x	as long as short
Bybit HYPEUSDT	+0.0036%	8h	93.627	+0.071%	$326.1M	$287.0M	75x	as long as short
Orderly PERP_HYPE_USDC	+0.0067%	4h	93.598	+0.040%	$175K	$535K	20x	as long as short
Phoenix HYPE	+0.0068%	1h	93.590	+0.031%	$216K	$1.2M	10x	as long as short
Popdex HYPEUSDTlong	+0.0072%	1h	93.561	long leg	$57K	$1.2M	50x
Lighter HYPE	+0.0096%	1h	93.709	+0.159%	$18.6M	$59.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.672	+0.119%	$3.1M	$12.3M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0100%	8h	93.676	+0.123%	$340K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.640	+0.084%	$40K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.559	−0.002%	$6.0M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.690	+0.138%	$2.04B	$669.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.673	+0.119%	$10.0M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.684	+0.131%	$386.5M	$887.6M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.626	+0.069%	$115.0M	$315.6M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.613	+0.056%	$1.2M	$4.0M	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.674	+0.121%	$93.7M	$82.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.677	+0.124%	$46.5M	$18.7M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.665	+0.111%	$227.5M	$102.2M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.650	+0.095%	—	$54.2M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.644	+0.089%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.541	−0.022%	$28.9M	$49.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.580	+0.021%	$7.5M	$45.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.558	−0.003%	$406K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.586	+0.027%	$677K	$2.4M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.595	+0.036%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.614	+0.057%	$494K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.635	+0.079%	$76K	$168K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.601	+0.043%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.596	+0.037%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.601	+0.043%	$12.8M	$2.6M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.556	−0.005%	$204K	$12K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.624	+0.068%	$18.3M	$41.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.611	+0.053%	$398K	$318K	20x	as long as short
edgeX HYPEUSDC	+0.0116%	4h	93.544	−0.018%	$5.1M	$29.6M	30x	as long as short
Kalshi KXHYPEPERP	+0.0127%	8h	93.658	+0.104%	$1.9M	$5.3M	2.3x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0134%	1h	93.693	+0.141%	$7.4M	$4.6M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.640	+0.084%	$4.9M	$5.7M	50x	as long as short
Reya HYPERUSDPERP	+0.0245%	1h	93.563	+0.002%	$78K	$158K	15x	as long as short
Injective HYPE/USDC PERP	+0.0285%	1h	93.500	−0.065%	$30K	$291K	12x	as long as short
HTX HYPE-USDT	+0.0318%	4h	93.707	+0.156%	$1.5M	$7.6M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0164%	1h	93.624	+0.067%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.597	+0.038%	$17.1M	$12.5M	75x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.702	+0.151%	$2.8M	$6.8M	20x	as long as short
Kraken Futures PF_HYPEUSD	+0.0572%	1h	93.707	+0.156%	$19.2M	$26.0M	50x	as long as short