HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0089%/8h= −9.8% APRnext payment −$0.11 per $10,000 · paid last 24h −0.069%

Price spread now: Popdex against Injective−0.339%7-day average −0.152% · you buy dearer than you sell

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

Long on Injective Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.743%−$74 on $10k

Price spread, last 4 days (all we have)+0.574%+$57 · spread now −0.339%, 7d avg −0.152%

Together, before fees−0.169%−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Popdex is 0.187% cheaper against Injective than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.152%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective HYPE/USDC PERP	94.740	0.0185	pay 0.0023% / 1h	15m 07s	$31K	$340K	12x
Short	Popdex HYPEUSDT	94.419	0.0096	get 0.0012% / 1h	15m 07s	$79K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Injective. 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 InjectivebpFee PopdexbpOrdersPrice spread, now −0.339%Rate

Funding earned: −$18.79
Price spread: −0.339% → −0.152%: −$18.65
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$43.87
Costs to cover: 0.064%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 24 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Injective live order book, 24 min ago	24.33 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Popdex live order book, 4 min ago	0.16 bp	3.4 bp −$3	4.4 bp −$44	24.1 bp −$2,410	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
Hibachi HYPE/USDT-P	−0.1704%	1h	94.362	−0.399%	$202K	$255K	7x	as long as short
Bluefin HYPE-PERP	−0.0394%	1h	94.381	−0.379%	$80K	$152K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0214%	1h	94.390	−0.369%	$712K	$1.2M	10x	as long as short
Bullet HYPE-USD	−0.0185%	1h	94.428	−0.329%	$111K	$576K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0154%	1h	94.355	−0.406%	$22K	$20K	10x	as long as short
01 Exchange HYPEUSD	−0.0112%	1h	94.444	−0.312%	$88K	$366K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.424	−0.334%	$3K	$331	25x	as long as short
Derive HYPE-PERP	−0.0061%	1h	94.393	−0.367%	$16.4M	$7.5M	10x	as long as short
Arcus HYPE-USD	−0.0045%	1h	94.413	−0.345%	$1.0M	$3.6M	10x	as long as short
Lighter HYPE	−0.0032%	1h	94.427	−0.330%	$16.4M	$64.6M	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	−0.0019%	8h	94.440	−0.317%	$317.4M	$288.9M	75x	as long as short
BingX HYPE-USDT	−0.0018%	4h	94.440	−0.317%	—	$52.8M	—	as long as short
Orderly PERP_HYPE_USDC	−0.0008%	4h	94.398	−0.361%	$147K	$686K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.464	−0.291%	$130K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.507	−0.246%	$1.9M	$5.6M	2.3x	as long as short
Phoenix HYPE	0.0000%	1h	94.517	−0.235%	$209K	$1.1M	10x	as long as short
Perpl HYPE	0.0000%	43m	94.416	−0.342%	$19K	$287K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.439	−0.318%	$124K	—	150x	as long as short
Polymarket Perps HYPE-USD	+0.0011%	1h	94.448	−0.308%	$498K	$2.8M	20x	as long as short
Bitget HYPEUSDT	+0.0026%	4h	94.432	−0.325%	$226.8M	$100.1M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0035%	8h	94.452	−0.304%	$337K	$154K	20x	as long as short
Phemex HYPEUSDT	+0.0037%	8h	94.457	−0.299%	$12.9M	$2.9M	50x	as long as short
Vest HYPE-PERP	+0.0041%	1h	94.483	−0.271%	—	$190K	5x	as long as short
SoDEX HYPE-USD	+0.0052%	1h	94.426	−0.331%	$2.1M	$1.9M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0064%	1h	94.470	−0.285%	$4.7M	$6.2M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0066%	8h	94.440	−0.317%	$117.7M	$325.6M	50x	as long as short
edgeX HYPEUSDC	+0.0083%	4h	94.437	−0.320%	$5.0M	$30.8M	30x	as long as short
Gate HYPE_USDT	+0.0094%	4h	94.439	−0.318%	$50.3M	$56.8M	75x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.433	−0.324%	$3.2M	$10.8M	20x	as long as short
Popdex HYPEUSDTshort	+0.0096%	1h	94.419	−0.339%	$79K	$1.2M	50x
Katana Perps HYPE-USD	+0.0100%	8h	94.430	−0.327%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.430	−0.328%	$7.2M	$52.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.519	−0.233%	$2.08B	$688.1M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.454	−0.302%	$8.8M	$37.1M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.456	−0.300%	$10.2M	$15.0M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.441	−0.316%	$378.7M	$933.5M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.307	−0.457%	$218K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.440	−0.317%	$89.6M	$84.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.445	−0.311%	$46.9M	$18.9M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.409	−0.349%	$7.6M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.390	−0.369%	$29.6M	$54.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.361	−0.400%	$7.6M	$45.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.316	−0.448%	$370K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.457	−0.299%	$683K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.477	−0.278%	$32K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.536	−0.215%	$1.4M	$6.8M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.392	−0.367%	$18.3M	$43.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.399	−0.360%	$399K	$154K	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0150% / S +0.0022%	1h	94.452	−0.304%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0163%	1h	94.520	−0.232%	$7.5M	$4.3M	50x	as long as short
Injective HYPE/USDC PERPlong	+0.0185%	1h	94.740	long leg	$31K	$340K	12x
Kraken Futures PF_HYPEUSD	+0.0223%	1h	94.459	−0.297%	$20.2M	$30.2M	50x	as long as short
RISEx HYPE/USDC	+0.0249%	1h	94.451	−0.306%	$3.2M	$6.4M	20x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.388	−0.371%	$85K	$120K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.400	−0.359%	$17.1M	$12.4M	75x	as long as short