HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Popdex against SoDEX−0.001%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$210.212% of the position

Long on SoDEX Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.001%, 7d avg +0.005%

Together, before fees+0.111%+$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX HYPE-USD	93.010	0.0100	pay 0.0013% / 1h	51m 57s	$2.0M	$2.0M	10x
Short	Popdex HYPEUSDT	93.009	0.0096	get 0.0012% / 1h	51m 57s	$70K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against SoDEX. 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 SoDEXbpFee PopdexbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$0.84
Price spread: −0.001% → +0.005%: −$0.61
Slippage, 4 orders: −$6.81
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$22.66
Costs to cover: 0.212%
Break-even: never at this rate

Slippage from SoDEX: live order book, 2 min ago; Popdex: live order book, 2 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 SoDEX live order book, 2 min ago	0.22 bp	7.4 bp −$7	12.2 bp −$122	96.3 bp −$9,635	doesn't fit
Sell Popdex live order book, 2 min ago	0.22 bp	3.4 bp −$3	4.2 bp −$42	22.0 bp −$2,201	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	−0.0592%	1h	92.832	−0.191%	$194K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0268%	1h	92.881	−0.139%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	92.978	−0.034%	$1.1M	$3.9M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.986	−0.026%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0062%	4h	92.967	−0.046%	$158K	$659K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.023	+0.014%	$128K	$29K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	93.064	+0.058%	$1.8M	$5.4M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	93.022	+0.013%	$22K	$301K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.036	+0.028%	$62K	—	150x	as long as short
Gate HYPE_USDT	+0.0012%	4h	93.010	0.000%	$44.7M	$53.7M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix HYPE	+0.0026%	1h	92.888	−0.131%	$210K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0037%	8h	92.987	−0.025%	$12.6M	$2.7M	50x	as long as short
Bybit HYPEUSDT	+0.0037%	8h	93.000	−0.011%	$316.3M	$282.3M	75x	as long as short
01 Exchange HYPEUSD	+0.0064%	1h	93.044	+0.037%	$87K	$362K	20x	as long as short
Ondo Perps HYPE-USD.P	+0.0070%	1h	92.920	−0.097%	$697K	$1.1M	10x	as long as short
Bullet HYPE-USD	+0.0079%	1h	93.023	+0.014%	$112K	$578K	20x	as long as short
Bitget HYPEUSDT	+0.0080%	4h	93.006	−0.004%	$225.3M	$99.0M	75x	as long as short
edgeX HYPEUSDC	+0.0081%	4h	92.806	−0.219%	$4.9M	$29.6M	30x	as long as short
Aster HYPEUSDT	+0.0082%	4h	93.027	+0.018%	$8.7M	$36.2M	300x	as long as short
Lighter HYPE	+0.0096%	1h	93.013	+0.004%	$16.1M	$62.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.011	+0.001%	$3.1M	$11.6M	20x	as long as short
Popdex HYPEUSDTshort	+0.0096%	1h	93.009	−0.001%	$70K	$1.1M	50x
Paradex HYPE-USD-PERP	+0.0096%	8h	93.031	+0.022%	$339K	$163K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.990	−0.022%	$39K	$1.7M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0099%	8h	93.019	+0.010%	$114.0M	$305.0M	50x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.975	−0.038%	$7.5M	$45.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.053	+0.046%	$2.03B	$664.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.041	+0.033%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.015	+0.005%	$374.1M	$904.0M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.942	−0.073%	$202K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.009	−0.001%	$87.9M	$79.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.000	−0.011%	$46.2M	$18.4M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.007	−0.003%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.012	+0.002%	$7.3M	$11.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.709	−0.324%	$28.4M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.766	−0.262%	$7.5M	$46.3M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.797	−0.229%	$350K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.967	−0.046%	$668K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.058	+0.051%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.053	+0.046%	$469K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.010	0.000%	$79K	$168K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.000	−0.010%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.003	−0.008%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USDlong	+0.0100%	1h	93.010	long leg	$2.0M	$2.0M	10x
Extended HYPE-USD	+0.0104%	1h	92.983	−0.029%	$18.1M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.013	+0.003%	$393K	$164K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.060	+0.054%	$4.7M	$5.6M	50x	as long as short
HTX HYPE-USDT	+0.0158%	4h	93.145	+0.145%	$1.4M	$6.3M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0197%	1h	93.079	+0.074%	$20.6M	$30.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	92.750	−0.280%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0264%	1h	93.017	+0.007%	$79K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	93.029	+0.021%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.994	−0.017%	$16.8M	$11.7M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0449%	1h	93.108	+0.105%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	93.074	+0.069%	$3.2M	$6.4M	20x	as long as short