Settings8H · net · $10k
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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 07:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.046%
Price spread now: Popdex against Orderly+0.051%7-day average +0.012% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on OrderlyShort on Popdex
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.061%+$6 on $10k
Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.051%, 7d avg +0.012%
Together, before fees+0.030%+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Popdex is 0.040% dearer against Orderly than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_HYPE_USDC93.559−0.0020get 0.0010% / 4h1h 46m$145K$685K20x
ShortPopdex HYPEUSDT93.6070.0096get 0.0012% / 1h46m 06s$78K$1.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Popdex against Orderly. 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
$24.32
Price spread: +0.051% → +0.012%
$3.96
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Net
$15.88
Costs to cover
0.124%
Break-even
2.4 days
Slippage unknown: Orderly: no order-book sample; Popdex: live order book, 3 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 Orderly no order-book sample—————
Sell Popdex live order book, 3 min ago0.05 bp3.6 bp −$44.5 bp −$4518.9 bp −$1,893doesn't fit
Orderly: 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−0.1096%1h93.581+0.023%$198K$242K7xas long as short
Aftermath Perps HYPEUSD−0.0234%1h93.764+0.219%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0125%1h93.570+0.012%$705K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.621+0.066%$3K$33125xas long as short
Bullet HYPE-USD−0.0071%1h93.591+0.034%$111K$580K20xas long as short
01 Exchange HYPEUSD−0.0064%1h93.625+0.071%$86K$370K20xas long as short
Bluefin HYPE-PERP−0.0035%1h93.576+0.018%$79K$156K20xas long as short
Orderly PERP_HYPE_USDClong−0.0020%4h93.559long leg$145K$685K20x
dYdX HYPE-USD0.0000%1h93.698+0.148%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.652+0.099%$21K$287K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.634+0.080%$63K—150xas long as short
BingX HYPE-USDT+0.0006%4h93.552−0.007%—$53.7M—as long as short
Bybit HYPEUSDT+0.0008%8h93.550−0.010%$316.0M$287.9M75xas long as short
Phoenix HYPE+0.0017%1h93.687+0.137%$209K$1.1M10xas long as short
Bitget HYPEUSDT+0.0040%4h93.573+0.015%$225.4M$99.5M75xas long as short
Phemex HYPEUSDT+0.0074%8h93.592+0.035%$12.8M$2.8M50xas long as short
edgeX HYPEUSDC+0.0082%4h93.648+0.095%$5.0M$30.6M30xas long as short
Paradex HYPE-USD-PERP+0.0082%8h93.656+0.104%$335K$161K20xas long as short
Arcus HYPE-USD+0.0084%1h93.600+0.044%$1.0M$4.0M10xas long as short
Derive HYPE-PERP+0.0092%1h93.549−0.010%$16.3M$7.4M10xas long as short
Lighter HYPE+0.0096%1h93.596+0.039%$16.1M$63.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.597+0.041%$3.1M$11.1M20xas long as short
Popdex HYPEUSDTshort+0.0096%1h93.607+0.051%$78K$1.2M50x
Katana Perps HYPE-USD+0.0100%8h93.630+0.076%$22K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.617+0.061%$7.4M$50.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.659+0.107%$2.05B$682.9M10xas long as short
Aster HYPEUSDT+0.0100%4h93.590+0.033%$8.8M$37.3M300xas long as short
Pacifica HYPE+0.0100%1h93.667+0.115%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.577+0.019%$375.0M$930.7M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.573+0.015%$115.6M$316.0M50xas long as short
Gate HYPE_USDT+0.0100%4h93.558−0.001%$48.4M$55.0M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.560+0.001%$90.0M$83.6M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.561+0.002%$46.2M$18.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.592+0.035%$7.2M$10.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.670+0.118%$28.6M$56.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.726+0.178%$7.6M$48.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.674+0.123%$347K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.649+0.096%$678K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.677+0.126%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.633+0.079%$470K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.702+0.153%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.563+0.004%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.783+0.239%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.731+0.184%$216K$15K10xas long as short
Kalshi KXHYPEPERP+0.0102%8h93.619+0.064%$1.8M$5.6M2.3xas long as short
Extended HYPE-USD+0.0104%1h93.5590.000%$18.2M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.581+0.024%$396K$159K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.610+0.055%$4.7M$6.1M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.640+0.087%$30K$339K12xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0252%1h93.679+0.128%$7.4M$4.2M50xas long as short
Reya HYPERUSDPERP+0.0271%1h93.569+0.011%$77K$130K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h93.625+0.071%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.653+0.100%$17.0M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0415%1h93.648+0.095%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.647+0.095%$3.2M$6.4M20xas long as short