HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Popdex against StandX−0.094%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−$31as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on StandX Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.008%−$1 on $10k

Price spread, last 7 days+0.099%+$10 · spread now −0.094%, 7d avg +0.005%

Together, before fees+0.091%+ Points / potential airdropStandX: Active · farm board+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Popdex is 0.099% cheaper against StandX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX HYPE-USD	95.146	0.0100	pay 0.0013% / 1h	14m 43s	$692K	$2.7M	20x
Short	Popdex HYPEUSDT	95.057	0.0096	get 0.0012% / 1h	14m 43s	$150K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against StandX. 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 StandXbpFee PopdexbpOrdersPrice spread, now −0.094%Rate

Funding earned: −$0.84
Price spread: −0.094% → +0.005%: −$9.86
Slippage, 4 orders: −$6.88
Fee StandX: 4 bp × 2 orders: −$8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$31.98
Costs to cover: 0.213%
Break-even: never at this rate

Slippage from StandX: live order book, 4 min ago; Popdex: live order book, 4 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 StandX live order book, 4 min ago	2.05 bp	6.0 bp −$6	6.0 bp −$60	11.4 bp −$1,136	doesn't fit
Sell Popdex live order book, 4 min ago	0.42 bp	3.7 bp −$4	4.8 bp −$48	27.7 bp −$2,767	doesn't fit

HYPE on 54 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	−0.0808%	1h	95.071	−0.079%	$212K	$265K	7x	as long as short
Bluefin HYPE-PERP	−0.0543%	1h	95.009	−0.144%	$79K	$148K	20x	as long as short
Phemex HYPEUSDT	−0.0264%	8h	95.057	−0.094%	$13.0M	$2.8M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0257%	1h	95.009	−0.144%	$22K	$19K	10x	as long as short
Bullet HYPE-USD	−0.0210%	1h	95.045	−0.106%	$113K	$577K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0135%	1h	95.040	−0.111%	$705K	$1.3M	10x	as long as short
dYdX HYPE-USD	−0.0128%	1h	95.078	−0.071%	$130K	$93K	5x	as long as short
01 Exchange HYPEUSD	−0.0112%	1h	95.099	−0.049%	$90K	$356K	20x	as long as short
Arcus HYPE-USD	−0.0112%	1h	95.064	−0.086%	$1.0M	$3.2M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.099	−0.049%	$3K	$331	25x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_HYPEUSD	−0.0047%	1h	95.055	−0.095%	$18.9M	$35.7M	50x	as long as short
Bybit HYPEUSDT	−0.0016%	8h	95.080	−0.069%	$319.5M	$288.5M	75x	as long as short
Gate HYPE_USDT	−0.0008%	4h	95.080	−0.069%	$52.7M	$56.4M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0005%	4h	95.045	−0.106%	$147K	$670K	20x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	95.155	+0.009%	$1.9M	$5.5M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	95.111	−0.037%	$19K	$274K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.070	−0.080%	$85K	—	150x	as long as short
Phoenix HYPE	+0.0008%	1h	95.182	+0.038%	$212K	$1.2M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	95.090	−0.059%	$4.7M	$5.8M	50x	as long as short
Vest HYPE-PERP	+0.0029%	1h	95.155	+0.010%	—	$126K	5x	as long as short
OKX HYPE-USDT-SWAP	+0.0037%	8h	95.081	−0.068%	$118.6M	$322.9M	50x	as long as short
Bitget HYPEUSDT	+0.0040%	4h	95.080	−0.069%	$228.2M	$94.8M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0048%	8h	95.129	−0.018%	$340K	$38K	20x	as long as short
Backpack HYPE_USDC_PERP	+0.0057%	1h	95.059	−0.091%	$7.6M	$10.1M	20x	as long as short
SoDEX HYPE-USD	+0.0094%	1h	95.061	−0.089%	$2.1M	$1.9M	10x	as long as short
Lighter HYPE	+0.0096%	1h	95.096	−0.053%	$16.3M	$63.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.109	−0.039%	$3.2M	$10.4M	20x	as long as short
Popdex HYPEUSDTshort	+0.0096%	1h	95.057	−0.094%	$150K	$1.2M	50x
edgeX HYPEUSDC	+0.0096%	4h	95.126	−0.021%	$5.1M	$31.1M	30x	as long as short
Aster HYPEUSDT	+0.0097%	4h	95.088	−0.061%	$9.0M	$36.7M	300x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0097%	1h	95.143	−0.003%	$7.5M	$4.4M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	95.110	−0.038%	$40K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.053	−0.097%	$6.6M	$51.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.234	+0.092%	$2.10B	$678.3M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.128	−0.018%	$10.3M	$14.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	95.109	−0.038%	$382.9M	$916.0M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.126	−0.021%	$222K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	95.093	−0.056%	$98.2M	$89.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.083	−0.066%	$47.4M	$18.6M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	95.085	−0.064%	—	$52.8M	—	as long as short
Variational Omni HYPE	+0.0100%	8h	95.091	−0.058%	$29.9M	$56.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.104	−0.044%	$7.7M	$44.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.124	−0.023%	$348K	$1.0M	50x	as long as short
StandX HYPE-USDlong	+0.0100%	1h	95.146	long leg	$692K	$2.7M	20x
Polymarket Perps HYPE-USD	+0.0100%	1h	95.060	−0.090%	$500K	$2.7M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.009	−0.144%	$33K	$1.5M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.194	+0.050%	$1.4M	$6.7M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	95.043	−0.108%	$18.3M	$42.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	95.048	−0.103%	$402K	$148K	20x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	95.088	−0.060%	$3.1M	$6.3M	20x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	95.380	+0.246%	$31K	$340K	12x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	95.040	−0.111%	$85K	$94K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0155%	1h	95.120	−0.027%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	95.062	−0.088%	$17.2M	$12.3M	75x	as long as short