HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.021%

Price spread now: Popdex against 01 Exchange−0.028%7-day average −0.023% · 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−$23as in the Price arb table

costs, in and out, $10k−$230.227% of the position

Long on 01 Exchange Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.024%+$2 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.028%, 7d avg −0.023%

Together, before fees+0.033%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange HYPEUSD	93.167	−0.0032	get 0.0004% / 1h	21m 45s	$90K	$361K	20x
Short	Popdex HYPEUSDT	93.141	−0.0016	pay 0.0002% / 1h	21m 45s	$58K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against 01 Exchange. 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 01 ExchangebpFee PopdexbpOrdersPrice spread, now −0.028%Rate

Funding earned: $3.36
Price spread: −0.028% → −0.023%: −$0.51
Slippage, 4 orders: −$9.34
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$19.89
Costs to cover: 0.227%
Break-even: 48.4 days

Slippage from 01 Exchange: live order book, 62 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 01 Exchange live order book, 62 min ago	0.05 bp	6.3 bp −$6	11.1 bp −$111	doesn't fit	doesn't fit
Sell Popdex live order book, 2 min ago	1.94 bp	5.2 bp −$5	6.0 bp −$60	26.0 bp −$2,596	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
Aftermath Perps HYPEUSD	−0.0417%	1h	93.054	−0.121%	$22K	$22K	10x	as long as short
Hibachi HYPE/USDT-P	−0.0296%	1h	93.001	−0.178%	$196K	$230K	7x	as long as short
Arcus HYPE-USD	−0.0131%	1h	93.148	−0.020%	$1.2M	$4.0M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0126%	1h	93.150	−0.018%	$699K	$928K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.113	−0.058%	$3K	$331	25x	as long as short
01 Exchange HYPEUSDlong	−0.0032%	1h	93.167	long leg	$90K	$361K	20x
Popdex HYPEUSDTshort	−0.0016%	1h	93.141	−0.028%	$58K	$1.2M	50x
Aster HYPEUSDT	−0.0008%	4h	93.240	+0.078%	$8.9M	$36.0M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.276	+0.117%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.131	−0.038%	$23K	$331K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.218	+0.055%	$20K	—	150x	as long as short
Bybit HYPEUSDT	+0.0022%	8h	93.203	+0.039%	$323.1M	$287.4M	75x	as long as short
Orderly PERP_HYPE_USDC	+0.0022%	4h	93.210	+0.046%	$172K	$518K	20x	as long as short
Derive HYPE-PERP	+0.0029%	1h	93.150	−0.018%	$16.3M	$7.1M	10x	as long as short
Phoenix HYPE	+0.0034%	1h	93.030	−0.147%	$214K	$1.2M	10x	as long as short
Gate HYPE_USDT	+0.0052%	4h	93.240	+0.078%	$43.9M	$58.5M	75x	as long as short
Bullet HYPE-USD	+0.0061%	1h	93.163	−0.005%	$111K	$580K	20x	as long as short
MEXC HYPE_USDT	+0.0062%	4h	93.243	+0.082%	$90.4M	$82.2M	100x	as long as short
Binance HYPEUSDT	+0.0064%	4h	93.255	+0.095%	$381.9M	$895.8M	75x	as long as short
edgeX HYPEUSDC	+0.0074%	4h	92.953	−0.230%	$5.0M	$29.6M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.297	+0.140%	$18.6M	$59.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.277	+0.118%	$3.1M	$12.2M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.227	+0.065%	$397K	$318K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0098%	8h	93.246	+0.085%	$339K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.110	−0.061%	$34K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.141	−0.028%	$5.9M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.282	+0.123%	$2.03B	$668.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.252	+0.091%	$10.0M	$14.3M	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.208	+0.044%	$113.9M	$314.5M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.030	−0.147%	$203K	$8K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.242	+0.081%	$47.0M	$18.8M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.229	+0.067%	$226.0M	$103.2M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.204	+0.040%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.240	+0.078%	$7.8M	$11.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.933	−0.251%	$28.9M	$50.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.008	−0.170%	$7.5M	$45.9M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.016	−0.162%	$414K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.000	−0.179%	$673K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.142	−0.027%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.189	+0.024%	$493K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.214	+0.050%	$76K	$167K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.159	−0.009%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.206	+0.042%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.188	+0.023%	$12.7M	$2.6M	50x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.225	+0.063%	$18.2M	$42.0M	50x	as long as short
Kalshi KXHYPEPERP	+0.0108%	8h	93.172	+0.005%	$1.9M	$5.3M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.180	+0.014%	$4.9M	$5.7M	50x	as long as short
Injective HYPE/USDC PERP	+0.0239%	1h	92.880	−0.308%	$30K	$338K	12x	as long as short
HTX HYPE-USDT	+0.0241%	4h	93.350	+0.196%	$1.5M	$7.7M	75x	as long as short
Reya HYPERUSDPERP	+0.0247%	1h	93.162	−0.005%	$77K	$159K	15x	as long as short
BloFin HYPE-USDT	+0.0254%	4h	92.996	−0.184%	$16.9M	$12.5M	75x	as long as short
RISEx HYPE/USDC	+0.0280%	1h	93.198	+0.034%	$2.7M	$6.8M	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0158%	1h	93.197	+0.033%	$1.5M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0447%	1h	93.303	+0.146%	$7.4M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0465%	1h	93.317	+0.161%	$20.9M	$29.0M	50x	as long as short