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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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0177%/8h= +19.4% APRnext payment +$0.22 per $10,000 · paid last 24h +0.045%
Price spread now: Deribit against Popdex+0.035%7-day average +0.041% · 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−$21as in the Price arb table
costs, in and out, $10k−$210.205% of the position
Long on PopdexShort on Deribit
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.012%+$1 on $10k
Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.035%, 7d avg +0.041%
Together, before fees−0.038%−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.041%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex HYPEUSDT93.6700.0096pay 0.0012% / 1h48m 46s$78K$1.2M50x
ShortDeribit HYPE_USDC-PERPETUAL93.7030.0273get 0.0034% / 1h48m 46s$7.4M$4.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Deribit against Popdex. 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
$37.17
Price spread: +0.035% → +0.041%
−$0.59
Slippage, 4 orders
−$7.11
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$16.07
Costs to cover
0.205%
Break-even
4.0 days
Slippage from Popdex: live order book, just now; Deribit: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Popdex live order book, just now0.05 bp3.3 bp −$34.3 bp −$4322.8 bp −$2,277doesn't fit
Sell Deribit live order book, 5 min ago0.53 bp8.9 bp −$913.7 bp −$137doesn't fitdoesn't fit

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−0.1136%1h93.719+0.053%$199K$242K7xas long as short
Aftermath Perps HYPEUSD−0.0248%1h93.846+0.188%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0106%1h93.760+0.096%$706K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.716+0.049%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0064%1h93.687+0.018%$86K$372K20xas long as short
Bullet HYPE-USD−0.0053%1h93.613−0.061%$111K$581K20xas long as short
Bluefin HYPE-PERP−0.0029%1h93.599−0.076%$79K$156K20xas long as short
Orderly PERP_HYPE_USDC−0.0019%4h93.600−0.075%$145K$681K20xas long as short
dYdX HYPE-USD0.0000%1h93.743+0.078%$129K$29K5xas long as short
Perpl HYPE0.0000%43m93.679+0.009%$22K$285K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.646−0.026%$63K—150xas long as short
Bybit HYPEUSDT+0.0010%8h93.610−0.064%$316.2M$288.0M75xas long as short
BingX HYPE-USDT+0.0010%4h93.610−0.064%—$53.9M—as long as short
Phoenix HYPE+0.0017%1h93.780+0.117%$210K$1.1M10xas long as short
Bitget HYPEUSDT+0.0040%4h93.629−0.044%$225.5M$99.6M75xas long as short
Phemex HYPEUSDT+0.0071%8h93.624−0.049%$12.8M$2.8M50xas long as short
ApeX Omni HYPEUSDT+0.0074%1h93.801+0.140%$348K$1.0M50xas long as short
Arcus HYPE-USD+0.0084%1h93.593−0.082%$1.0M$4.0M10xas long as short
Paradex HYPE-USD-PERP+0.0085%8h93.690+0.022%$335K$161K20xas long as short
edgeX HYPEUSDC+0.0091%4h93.758+0.094%$5.0M$30.5M30xas long as short
Derive HYPE-PERP+0.0092%1h93.581−0.095%$16.3M$7.4M10xas long as short
Lighter HYPE+0.0096%1h93.598−0.077%$16.2M$63.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.583−0.093%$3.1M$11.1M20xas long as short
Popdex HYPEUSDTlong+0.0096%1h93.670long leg$78K$1.2M50x
Katana Perps HYPE-USD+0.0100%8h93.680+0.011%$23K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.698+0.030%$7.4M$50.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.704+0.036%$2.05B$682.6M10xas long as short
Aster HYPEUSDT+0.0100%4h93.601−0.074%$8.9M$37.4M300xas long as short
Pacifica HYPE+0.0100%1h93.697+0.029%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.622−0.051%$375.2M$931.2M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.600−0.075%$115.6M$316.1M50xas long as short
Gate HYPE_USDT+0.0100%4h93.582−0.094%$48.3M$54.9M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.579−0.097%$88.8M$83.3M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.591−0.084%$46.2M$18.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.611−0.063%$7.2M$10.8M20xas long as short
Variational Omni HYPE+0.0100%8h93.6700.000%$28.6M$56.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.726+0.060%$7.6M$48.1M10xas long as short
StandX HYPE-USD+0.0100%1h93.812+0.152%$679K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.723+0.057%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.664−0.006%$470K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.741+0.076%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.598−0.077%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.807+0.146%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.731+0.065%$216K$15K10xas long as short
Extended HYPE-USD+0.0104%1h93.551−0.127%$18.2M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.622−0.051%$396K$159K20xas long as short
Kalshi KXHYPEPERP+0.0106%8h93.653−0.018%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.820+0.160%$4.7M$6.1M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.6700.000%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0271%1h93.602−0.073%$77K$130K15xas long as short
Deribit HYPE_USDC-PERPETUALshort+0.0273%1h93.703+0.035%$7.4M$4.2M50x
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h93.664−0.007%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.600−0.075%$17.0M$12.2M75xas long as short
Kraken Futures PF_HYPEUSD+0.0415%1h93.673+0.003%$20.9M$29.6M50xas long as short
RISEx HYPE/USDC+0.0559%1h93.716+0.049%$3.2M$6.4M20xas long as short