HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Popdex against Pacifica−0.020%7-day average +0.007% · 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−$22as in the Price arb table

costs, in and out, $10k−$190.194% of the position

Long on Pacifica Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.009%−$1 on $10k

Price spread, last 7 days+0.009%+$1 · spread now −0.020%, 7d avg +0.007%

Together, before fees0.000%+ Points / potential airdropPacifica: Active · farm board$0 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 0.027% cheaper against Pacifica than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica HYPE	93.375	0.0100	pay 0.0013% / 1h	43m 22s	$10.0M	$14.7M	20x
Short	Popdex HYPEUSDT	93.357	0.0096	get 0.0012% / 1h	43m 22s	$65K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Pacifica. 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 PacificabpFee PopdexbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$0.84
Price spread: −0.020% → +0.007%: −$2.71
Slippage, 4 orders: −$4.98
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$22.93
Costs to cover: 0.194%
Break-even: never at this rate

Slippage from Pacifica: live order book, 11 min ago; Popdex: live order book, 1 min ago.

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 Pacifica live order book, 11 min ago	0.81 bp	5.2 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Popdex live order book, 1 min ago	1.23 bp	4.5 bp −$4	5.1 bp −$51	23.1 bp −$2,308	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	−0.1008%	1h	93.199	−0.189%	$196K	$229K	7x	as long as short
Arcus HYPE-USD	−0.0786%	1h	93.199	−0.189%	$1.2M	$3.9M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0163%	1h	93.341	−0.036%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0134%	1h	93.340	−0.038%	$698K	$979K	10x	as long as short
Backpack HYPE_USDC_PERP	−0.0106%	1h	93.338	−0.040%	$7.8M	$10.4M	20x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	93.366	−0.010%	$85K	$361K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.343	−0.035%	$3K	$331	25x	as long as short
Gate HYPE_USDT	−0.0078%	4h	93.317	−0.062%	$44.2M	$54.0M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0054%	4h	93.305	−0.075%	$156K	$652K	20x	as long as short
Aster HYPEUSDT	−0.0034%	4h	93.351	−0.026%	$8.9M	$36.3M	300x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex HYPEUSDT	−0.0031%	8h	93.331	−0.047%	$12.7M	$2.7M	50x	as long as short
Bluefin HYPE-PERP	−0.0009%	1h	93.343	−0.035%	$79K	$173K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.413	+0.040%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.352	−0.025%	$22K	$333K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.341	−0.037%	$26K	—	150x	as long as short
Bybit HYPEUSDT	+0.0006%	8h	93.330	−0.049%	$319.2M	$283.4M	75x	as long as short
BingX HYPE-USDT	+0.0018%	4h	93.331	−0.047%	—	$54.2M	—	as long as short
MEXC HYPE_USDT	+0.0040%	4h	93.350	−0.027%	$88.1M	$82.4M	100x	as long as short
Bullet HYPE-USD	+0.0042%	1h	93.343	−0.035%	$111K	$579K	20x	as long as short
Binance HYPEUSDT	+0.0044%	4h	93.362	−0.015%	$379.9M	$905.2M	75x	as long as short
edgeX HYPEUSDC	+0.0059%	4h	93.354	−0.023%	$5.1M	$30.0M	30x	as long as short
Phoenix HYPE	+0.0060%	1h	93.266	−0.117%	$212K	$1.2M	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0063%	8h	93.344	−0.034%	$115.0M	$315.2M	50x	as long as short
Derive HYPE-PERP	+0.0065%	1h	93.316	−0.063%	$16.2M	$7.6M	10x	as long as short
Aevo HYPE-PERP	+0.0088%	1h	93.370	−0.006%	$397K	$177K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.370	−0.006%	$16.4M	$62.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.383	+0.008%	$3.1M	$11.8M	20x	as long as short
Popdex HYPEUSDTshort	+0.0096%	1h	93.357	−0.020%	$65K	$1.2M	50x
Paradex HYPE-USD-PERP	+0.0096%	8h	93.426	+0.054%	$339K	$165K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.380	+0.005%	$35K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.356	−0.020%	$6.6M	$44.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.427	+0.055%	$2.04B	$675.7M	10x	as long as short
Pacifica HYPElong	+0.0100%	1h	93.375	long leg	$10.0M	$14.7M	20x
Bulk HYPE-USD	+0.0100%	1h	93.404	+0.030%	$203K	$10K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.353	−0.024%	$46.0M	$18.4M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.362	−0.014%	$225.9M	$100.7M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.241	−0.144%	$30.9M	$55.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.215	−0.172%	$7.5M	$47.7M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.381	+0.006%	$337K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.321	−0.058%	$666K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.370	−0.006%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.360	−0.016%	$467K	$2.5M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.280	−0.102%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.356	−0.021%	$2.0M	$2.0M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.302	−0.078%	$18.4M	$44.4M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0136%	1h	93.260	−0.123%	$4.9M	$5.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0137%	1h	93.130	−0.263%	$30K	$338K	12x	as long as short
BloFin HYPE-USDT	+0.0175%	4h	93.407	+0.034%	$17.0M	$12.1M	75x	as long as short
RISEx HYPE/USDC	+0.0210%	1h	93.380	+0.005%	$2.7M	$6.7M	20x	as long as short
HTX HYPE-USDT	+0.0249%	4h	93.500	+0.134%	$1.4M	$6.1M	75x	as long as short
Reya HYPERUSDPERP	+0.0254%	1h	93.334	−0.044%	$79K	$142K	15x	as long as short
Kalshi KXHYPEPERP	+0.0259%	8h	93.383	+0.008%	$1.9M	$5.2M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0334% / S −0.0158%	1h	93.329	−0.050%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0585%	1h	93.470	+0.101%	$7.5M	$4.5M	50x	as long as short
Kraken Futures PF_HYPEUSD	+0.0682%	1h	93.444	+0.073%	$20.8M	$30.0M	50x	as long as short