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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 01:00 UTC+0.0330%/8h= +36.2% APRnext payment +$0.41 per $10,000 · paid last 24h +0.002%
Price spread now: Popdex against Aftermath Perps−0.204%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on Aftermath PerpsShort on Popdex
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. Popdex is 0.204% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.204% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 2.1 days of funding at the current rate (+$10 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAftermath Perps HYPEUSD94.151−0.0234get 0.0029% / 1h29m 45s$22K$23K10x
ShortPopdex HYPEUSDT93.9590.0096get 0.0012% / 1h29m 45s$66K$1.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex against Aftermath Perps. 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
$69.4
Price spread: −0.204% → 0.000%
−$20.4
Slippage, 4 orders
no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
$33.59
Costs to cover
0.154%
Break-even
3.6 days
Slippage unknown: Aftermath Perps: no order-book sample; Popdex: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aftermath Perps no order-book sample—————
Sell Popdex live order book, 4 min ago0.37 bp3.6 bp −$44.1 bp −$4117.8 bp −$1,783doesn't fit
Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.1432%1h94.067−0.089%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h93.928−0.237%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSDlong−0.0234%1h94.151long leg$22K$23K10x
Ondo Perps HYPE-USD.P−0.0160%1h93.990−0.171%$706K$956K10xas long as short
dYdX HYPE-USD−0.0153%1h94.048−0.110%$129K$31K5xas long as short
Phemex HYPEUSDT−0.0104%8h94.018−0.141%$12.8M$2.6M50xas long as short
Bullet HYPE-USD−0.0098%1h93.961−0.202%$112K$580K20xas long as short
01 Exchange HYPEUSD−0.0080%1h93.970−0.192%$85K$361K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.037−0.121%$3K$33125xas long as short
Bybit HYPEUSDT−0.0025%8h93.973−0.189%$322.7M$280.7M75xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_HYPE_USDC−0.0017%4h93.950−0.214%$159K$645K20xas long as short
Perpl HYPE0.0000%43m94.035−0.123%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h94.001−0.159%$27K—150xas long as short
Gate HYPE_USDT+0.0006%4h93.983−0.179%$44.5M$59.7M75xas long as short
Aster HYPEUSDT+0.0019%4h93.982−0.180%$8.9M$36.1M300xas long as short
Phoenix HYPE+0.0034%1h94.342+0.203%$219K$1.2M10xas long as short
MEXC HYPE_USDT+0.0048%4h93.995−0.166%$89.1M$82.6M100xas long as short
Binance HYPEUSDT+0.0048%4h93.983−0.178%$383.3M$893.4M75xas long as short
Derive HYPE-PERP+0.0056%1h93.935−0.230%$16.4M$7.3M10xas long as short
edgeX HYPEUSDC+0.0061%4h94.240+0.094%$5.1M$29.9M30xas long as short
OKX HYPE-USDT-SWAP+0.0080%8h93.975−0.187%$115.9M$318.2M50xas long as short
Lighter HYPE+0.0096%1h94.024−0.135%$19.2M$59.6M20xas long as short
Lighter RH HYPE+0.0096%1h94.003−0.157%$3.0M$12.1M20xas long as short
Popdex HYPEUSDTshort+0.0096%1h93.959−0.204%$66K$1.2M50x
Aevo HYPE-PERP+0.0096%1h93.963−0.199%$400K$188K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h94.061−0.095%$342K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h94.050−0.107%$26K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.951−0.212%$6.6M$44.8M10xas long as short
Hyperliquid HYPE+0.0100%1h94.082−0.073%$2.05B$677.3M10xas long as short
Pacifica HYPE+0.0100%1h94.061−0.095%$10.2M$14.6M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.011−0.149%$46.6M$18.1M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.990−0.171%$227.9M$100.9M75xas long as short
BingX HYPE-USDT+0.0100%4h94.000−0.160%—$54.0M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.012−0.148%$7.7M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h94.030−0.128%$31.5M$54.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.271+0.127%$7.6M$45.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.209+0.061%$341K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h94.018−0.141%$680K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h94.026−0.132%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.984−0.177%$480K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.963−0.200%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h94.052−0.105%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.975−0.187%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h94.120−0.033%$205K$4K10xas long as short
Extended HYPE-USD+0.0104%1h93.979−0.183%$18.8M$44.5M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h94.030−0.129%$4.9M$5.5M50xas long as short
BloFin HYPE-USDT+0.0193%4h94.099−0.055%$17.0M$12.2M75xas long as short
Injective HYPE/USDC PERP+0.0205%1h88.460−6.045%$29K$338K12xas long as short
Kalshi KXHYPEPERP+0.0222%8h94.102−0.052%$1.9M$5.1M2.3xas long as short
RISEx HYPE/USDC+0.0222%1h94.001−0.159%$2.8M$6.7M20xas long as short
Reya HYPERUSDPERP+0.0251%1h93.952−0.212%$79K$146K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0152%1h93.999−0.162%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0409%1h94.076−0.080%$7.5M$4.7M50xas long as short
HTX HYPE-USDT+0.0420%4h94.200+0.052%$1.5M$6.3M75xas long as short
Kraken Futures PF_HYPEUSD+0.0671%1h94.076−0.080%$21.0M$29.7M50xas long as short