Funding you earn now, next payment 06:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h +0.004%
Price spread now: Coinbase International against Popdex+0.088%7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$240.245% of the position
Funding, last 4 days (all we have)−0.134%−$13 on $10k
+Price spread, last 4 days (all we have)−0.149%−$15 · spread now +0.088%, 7d avg −0.027%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.114% dearer against Popdex than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.027%. Mind the row above: over the last 4 days funding on this pair cost −0.134%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex HYPEUSDT | 93.598 | 0.0096 | pay 0.0012% / 1h | 47m 45s | $78K | $1.2M | 50x |
| Short | Coinbase International HYPE-PERP-INTX | 93.680 | 0.0120 | get 0.0015% / 1h | 47m 45s | $4.7M | $6.1M | 50x |
Popdex HYPEUSDT
Coinbase International HYPE-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Popdex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $5.04
- Price spread: +0.088% → −0.027%
- $11.44
- Slippage, 4 orders
- −$8.08
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$8
- Costs to cover
- 0.245%
- Break-even
- 18.1 days
Slippage from Popdex: live order book, 1 min ago; Coinbase International: 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 Popdex live order book, 1 min ago | 0.05 bp | 3.3 bp −$3 | 4.3 bp −$43 | 22.8 bp −$2,277 | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 2.67 bp | 9.2 bp −$9 | 14.0 bp −$140 | 36.3 bp −$3,630 | 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 | −0.1136% | 1h | 93.719 | +0.130% | $199K | $242K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0243% | 1h | 93.808 | +0.224% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0133% | 1h | 93.610 | +0.013% | $706K | $1.2M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.589 | −0.010% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0065% | 1h | 93.618 | +0.021% | $111K | $580K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0064% | 1h | 93.618 | +0.021% | $86K | $371K | 20x | as long as short |
| Bluefin HYPE-PERP | −0.0035% | 1h | 93.612 | +0.015% | $79K | $156K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0020% | 4h | 93.610 | +0.013% | $145K | $685K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.698 | +0.107% | $128K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.624 | +0.028% | $21K | $287K | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Bullet HYPE-USD
01 Exchange HYPEUSD
Bluefin HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Perpl HYPEShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.657 | +0.064% | $63K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0006% | 4h | 93.662 | +0.068% | — | $53.7M | — | as long as short |
| Bybit HYPEUSDT | +0.0010% | 8h | 93.650 | +0.056% | $316.3M | $288.0M | 75x | as long as short |
| Phoenix HYPE | +0.0017% | 1h | 93.780 | +0.194% | $210K | $1.1M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0040% | 4h | 93.683 | +0.091% | $225.6M | $99.6M | 75x | as long as short |
| ApeX Omni HYPEUSDT | +0.0074% | 1h | 93.801 | +0.217% | $348K | $1.0M | 50x | as long as short |
| Phemex HYPEUSDT | +0.0074% | 8h | 93.656 | +0.062% | $12.8M | $2.8M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0083% | 8h | 93.647 | +0.052% | $335K | $161K | 20x | as long as short |
| Arcus HYPE-USD | +0.0084% | 1h | 93.590 | −0.009% | $1.0M | $4.0M | 10x | as long as short |
| edgeX HYPEUSDC | +0.0091% | 4h | 93.758 | +0.171% | $5.0M | $30.5M | 30x | as long as short |
| Derive HYPE-PERP | +0.0092% | 1h | 93.587 | −0.012% | $16.3M | $7.4M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.681 | +0.089% | $16.2M | $63.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.681 | +0.089% | $3.1M | $11.1M | 20x | as long as short |
| Popdex HYPEUSDTlong | +0.0096% | 1h | 93.598 | long leg | $78K | $1.2M | 50x | |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.600 | +0.002% | $23K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.606 | +0.008% | $7.4M | $50.9M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.770 | +0.184% | $2.05B | $682.7M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.674 | +0.081% | $8.9M | $37.3M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.670 | +0.077% | $10.1M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.676 | +0.083% | $375.4M | $930.7M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.641 | +0.046% | $115.7M | $316.2M | 50x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.669 | +0.076% | $48.4M | $55.0M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.649 | +0.054% | $88.8M | $83.3M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.625 | +0.029% | $46.3M | $18.8M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.648 | +0.053% | $7.2M | $10.8M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.670 | +0.076% | $28.6M | $56.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.726 | +0.137% | $7.6M | $48.1M | 10x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.679 | +0.087% | $679K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.685 | +0.093% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.633 | +0.037% | $470K | $2.8M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.681 | +0.089% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.632 | +0.036% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.799 | +0.215% | $1.4M | $6.7M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.731 | +0.142% | $216K | $15K | 10x | as long as short |
| Kalshi KXHYPEPERP | +0.0104% | 8h | 93.690 | +0.098% | $1.8M | $5.6M | 2.3x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.622 | +0.025% | $18.2M | $43.3M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.622 | +0.026% | $396K | $159K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTXshort | +0.0120% | 1h | 93.680 | +0.088% | $4.7M | $6.1M | 50x | |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 93.670 | +0.077% | $30K | $339K | 12x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0262% | 1h | 93.715 | +0.125% | $7.4M | $4.2M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0271% | 1h | 93.602 | +0.004% | $77K | $130K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0154% | 1h | 93.664 | +0.071% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.600 | +0.002% | $17.0M | $12.2M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0415% | 1h | 93.702 | +0.111% | $20.9M | $29.6M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0559% | 1h | 93.644 | +0.049% | $3.2M | $6.4M | 20x | as long as short |
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Bybit HYPEUSDT
Phoenix HYPE
Bitget HYPEUSDT
ApeX Omni HYPEUSDT
Phemex HYPEUSDT
Paradex HYPE-USD-PERP
Arcus HYPE-USD
edgeX HYPEUSDC
Derive HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Bulk HYPE-USD
Kalshi KXHYPEPERP
Extended HYPE-USD
Aevo HYPE-PERP
Injective HYPE/USDC PERP
Deribit HYPE_USDC-PERPETUAL
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD
RISEx HYPE/USDC