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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 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.028%
Price spread now: Popdex against Gate−0.021%7-day average +0.020% · 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−$32as in the Price arb table
costs, in and out, $10k−$280.276% of the position
Long on GateShort on Popdex
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.035%+$3 on $10k
Price spread, last 7 days+0.017%+$2 · spread now −0.021%, 7d avg +0.020%
Together, before fees+0.052%+$5 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 0.041% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate HYPE_USDT93.2600.0028pay 0.0014% / 4h2h 04m$43.9M$57.8M75x
ShortPopdex HYPEUSDT93.2400.0032get 0.0004% / 1h4m 51s$56K$1.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex against Gate. 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
$0.84
Price spread: −0.021% → +0.020%
−$4.14
Slippage, 4 orders
−$6.25
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
−$30.95
Costs to cover
0.276%
Break-even
264.9 days
Slippage from Gate: 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
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 4 min ago0.75 bp10.6 bp −$1113.7 bp −$13731.8 bp −$3,17655.4 bp −$27.7K
Sell Popdex live order book, 4 min ago0.27 bp3.5 bp −$44.1 bp −$4124.4 bp −$2,443doesn't fit

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−0.0840%1h93.256−0.004%$197K$233K7xas long as short
Aftermath Perps HYPEUSD−0.0259%1h93.348+0.094%$22K$22K10xas long as short
Ondo Perps HYPE-USD.P−0.0230%1h93.210−0.054%$700K$934K10xas long as short
01 Exchange HYPEUSD−0.0080%1h93.258−0.002%$90K$359K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.220−0.043%$3K$33125xas long as short
Bullet HYPE-USD−0.0042%1h93.206−0.058%$111K$580K20xas long as short
Derive HYPE-PERP−0.0035%1h93.193−0.072%$16.3M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.280+0.021%$127K$32K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.300+0.043%$1.9M$5.3M2.3xas long as short
Perpl HYPE0.0000%43m93.245−0.016%$23K$335K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.282+0.024%$20K—150xas long as short
Aster HYPEUSDT+0.0009%4h93.264+0.004%$8.9M$35.8M300xas long as short
Gate HYPE_USDTlong+0.0028%4h93.260long leg$43.9M$57.8M75x
Bybit HYPEUSDT+0.0030%8h93.2600.000%$324.8M$287.1M75xas long as short
Popdex HYPEUSDTshort+0.0032%1h93.240−0.021%$56K$1.2M50x
Orderly PERP_HYPE_USDC+0.0052%4h93.261+0.001%$166K$539K20xas long as short
Phoenix HYPE+0.0068%1h93.279+0.020%$215K$1.2M10xas long as short
Vest HYPE-PERP+0.0082%1h93.259−0.001%—$454K5xas long as short
SoDEX HYPE-USD+0.0084%1h93.243−0.018%$2.0M$2.0M10xas long as short
Bluefin HYPE-PERP+0.0096%1h93.269+0.010%$76K$168K20xas long as short
Lighter HYPE+0.0096%1h93.288+0.031%$18.6M$60.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.272+0.013%$3.1M$12.4M20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.234−0.028%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.280+0.021%$36K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.243−0.019%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.325+0.070%$2.03B$671.3M10xas long as short
Pacifica HYPE+0.0100%1h93.239−0.023%$10.0M$14.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.271+0.012%$384.9M$889.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.253−0.008%$114.6M$314.6M50xas long as short
Arcus HYPE-USD+0.0100%1h93.206−0.058%$1.2M$4.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.285+0.027%$204K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h93.291+0.033%$93.1M$82.5M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.293+0.035%$46.2M$18.8M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.281+0.023%$226.6M$102.6M75xas long as short
BingX HYPE-USDT+0.0100%4h93.261+0.001%—$54.2M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.289+0.031%$7.9M$11.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.211−0.053%$29.0M$50.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.304+0.047%$7.5M$45.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.323+0.068%$405K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.270+0.011%$674K$2.5M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.265+0.005%$492K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h93.290+0.032%$32K$1.6M20xas long as short
Phemex HYPEUSDT+0.0100%8h93.254−0.006%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.258−0.002%$18.4M$41.7M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.257−0.004%$397K$318K20xas long as short
edgeX HYPEUSDC+0.0113%4h93.268+0.009%$5.1M$29.4M30xas long as short
Coinbase International HYPE-PERP-INTX+0.0208%1h93.2600.000%$4.9M$5.7M50xas long as short
Reya HYPERUSDPERP+0.0246%1h93.242−0.019%$78K$158K15xas long as short
Injective HYPE/USDC PERP+0.0285%1h93.910+0.697%$31K$291K12xas long as short
HTX HYPE-USDT+0.0295%4h93.433+0.186%$1.5M$7.6M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.277+0.018%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.244−0.017%$17.1M$12.4M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0350%1h93.360+0.107%$7.4M$4.6M50xas long as short
RISEx HYPE/USDC+0.0467%1h93.307+0.050%$2.8M$6.8M20xas long as short
Kraken Futures PF_HYPEUSD+0.0574%1h93.404+0.154%$19.5M$26.6M50xas long as short