HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0176%/8h= +19.3% APRnext payment +$0.22 per $10,000 · paid last 24h +0.050%

Price spread now: Popdex against Hotstuff+0.062%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Popdex is 0.062% dearer against Hotstuff than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff HYPE-PERP	93.236	−0.0080	get 0.0010% / 1h	28m 41s	$3K	$331	25x
Short	Popdex HYPEUSDT	93.294	0.0096	get 0.0012% / 1h	28m 41s	$75K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Hotstuff. 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 HotstuffbpFee PopdexbpOrdersPrice spread, now +0.062%Rate

Funding earned: $36.96
Price spread: +0.062% → 0.000%: $6.22
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: $31.78
Costs to cover: 0.114%
Break-even: 1.0 days

Slippage unknown: Hotstuff: no order-book sample; Popdex: live order book, just now. Net counts fees only.

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 Hotstuff no order-book sample	—	—	—	—	—
Sell Popdex live order book, just now	0.32 bp	3.6 bp −$4	4.1 bp −$41	27.1 bp −$2,705	doesn't fit

Hotstuff: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.1528%	1h	93.137	−0.106%	$196K	$234K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0370%	1h	93.259	+0.024%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERPlong	−0.0080%	1h	93.236	long leg	$3K	$331	25x
Bullet HYPE-USD	−0.0058%	1h	93.249	+0.014%	$111K	$578K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0023%	4h	93.211	−0.027%	$146K	$662K	20x	as long as short
01 Exchange HYPEUSD	−0.0016%	1h	93.311	+0.080%	$87K	$365K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.218	−0.020%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.255	+0.020%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.280	+0.047%	$62K	—	150x	as long as short
Arcus HYPE-USD	+0.0011%	1h	93.126	−0.118%	$1.0M	$3.9M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget HYPEUSDT	+0.0014%	4h	93.147	−0.095%	$225.1M	$98.8M	75x	as long as short
Bybit HYPEUSDT	+0.0017%	8h	93.122	−0.122%	$316.4M	$282.7M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0022%	1h	93.160	−0.082%	$702K	$1.2M	10x	as long as short
Phoenix HYPE	+0.0026%	1h	93.282	+0.049%	$207K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0049%	8h	93.222	−0.015%	$12.7M	$2.8M	50x	as long as short
edgeX HYPEUSDC	+0.0088%	4h	93.175	−0.065%	$5.0M	$30.0M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0094%	8h	93.200	−0.039%	$339K	$157K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.166	−0.075%	$16.1M	$63.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.165	−0.076%	$3.1M	$11.5M	20x	as long as short
Popdex HYPEUSDTshort	+0.0096%	1h	93.294	+0.062%	$75K	$1.2M	50x
Katana Perps HYPE-USD	+0.0100%	8h	93.170	−0.071%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.279	+0.047%	$8.0M	$48.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.232	−0.004%	$2.03B	$669.1M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.169	−0.071%	$8.7M	$36.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.171	−0.070%	$10.0M	$15.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.153	−0.089%	$373.3M	$912.4M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.141	−0.102%	$114.3M	$308.7M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.230	−0.007%	$215K	$15K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.150	−0.092%	$46.7M	$54.3M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.146	−0.097%	$90.8M	$81.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.146	−0.097%	$46.0M	$18.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.150	−0.092%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.221	−0.016%	$7.3M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.131	−0.113%	$28.5M	$56.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.193	−0.046%	$7.5M	$47.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.165	−0.076%	$342K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.238	+0.002%	$667K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.325	+0.095%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.279	+0.046%	$483K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.232	−0.004%	$79K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.211	−0.026%	$16.1M	$7.4M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.260	+0.026%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.191	−0.048%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.425	+0.203%	$1.4M	$6.5M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.118	−0.126%	$18.1M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.223	−0.014%	$394K	$158K	20x	as long as short
Kalshi KXHYPEPERP	+0.0106%	8h	93.272	+0.039%	$1.8M	$5.6M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	93.190	−0.049%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.310	+0.079%	$4.6M	$5.8M	50x	as long as short
Reya HYPERUSDPERP	+0.0269%	1h	93.257	+0.022%	$80K	$127K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.274	+0.041%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.309	+0.078%	$16.8M	$11.9M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0342%	1h	93.251	+0.016%	$20.8M	$29.6M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0447%	1h	93.306	+0.075%	$7.5M	$4.0M	50x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	93.213	−0.025%	$3.2M	$6.3M	20x	as long as short