HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0423%/8h= +46.3% APRnext payment +$0.53 per $10,000 · paid last 24h +0.065%

Price spread now: Injective against Popdex−0.173%46s7-day average +0.163% · you buy dearer than you sell

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

Long on Popdex Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.733%+$73 on $10k

Price spread, last 3 days (all we have)−0.062%−$6 · spread now −0.173%, 7d avg +0.163%

Together, before fees+0.671%+$67 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.336% cheaper against Popdex than usual: you would sell low and buy high (spread −0.173% now, against its 7-day average of +0.163%). If the spread goes back, that is −$34 on $10k: about 2.7 days of funding at the current rate (+$13 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex HYPEUSDT	93.091	0.0096	pay 0.0012% / 1h	54m 32s	$68K	$1.2M	50x
Short	Injective HYPE/USDC PERP	92.930	0.0519	get 0.0065% / 1h	54m 32s	$30K	$338K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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

Position, each leg$Hold fordaysFee PopdexbpFee InjectivebpOrdersPrice spread, now −0.173%Rate

Funding earned: $88.74
Price spread: −0.173% → +0.163%: −$33.59
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $48.72
Costs to cover: 0.064%
Break-even: 3.2 days

Slippage unknown: Popdex: live order book, 5 min ago; Injective: live order book, 10 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 Popdex live order book, 5 min ago	0.11 bp	3.4 bp −$3	4.0 bp −$40	29.7 bp −$2,970	doesn't fit
Sell Injective live order book, 10 min ago	44.26 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

HYPE on 54 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	−0.1144%	1h	93.108	+0.018%	$196K	$226K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	92.973	−0.127%	$1.2M	$3.8M	10x	as long as short
Bluefin HYPE-PERP	−0.0329%	1h	92.965	−0.135%	$79K	$170K	20x	as long as short
ApeX Omni HYPEUSDT	−0.0172%	1h	93.008	−0.089%	$336K	$1.0M	50x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	93.092	+0.001%	$84K	$346K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.079	−0.013%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0051%	4h	92.984	−0.115%	$155K	$639K	20x	as long as short
Bullet HYPE-USD	−0.0045%	1h	93.012	−0.085%	$111K	$578K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0018%	1h	93.000	−0.098%	$696K	$906K	10x	as long as short
Aster HYPEUSDT	−0.0009%	4h	93.084	−0.008%	$8.8M	$35.4M	300x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex HYPEUSDT	−0.0002%	8h	93.040	−0.055%	$12.6M	$2.7M	50x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.063	−0.030%	$128K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.011	−0.086%	$22K	$321K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.020	−0.076%	$25K	—	150x	as long as short
BingX HYPE-USDT	+0.0008%	4h	93.078	−0.014%	—	$53.2M	—	as long as short
Bybit HYPEUSDT	+0.0017%	8h	93.074	−0.018%	$320.5M	$275.8M	75x	as long as short
Aftermath Perps HYPEUSD	+0.0017%	1h	93.219	+0.137%	$22K	$21K	10x	as long as short
Gate HYPE_USDT	+0.0028%	4h	93.073	−0.019%	$44.4M	$54.2M	75x	as long as short
Phoenix HYPE	+0.0060%	1h	93.056	−0.038%	$210K	$1.2M	10x	as long as short
MEXC HYPE_USDT	+0.0076%	4h	93.088	−0.003%	$87.6M	$79.8M	100x	as long as short
OKX HYPE-USDT-SWAP	+0.0077%	8h	93.085	−0.006%	$114.3M	$300.1M	50x	as long as short
Binance HYPEUSDT	+0.0078%	4h	93.096	+0.005%	$378.6M	$872.7M	75x	as long as short
edgeX HYPEUSDC	+0.0091%	4h	92.963	−0.138%	$5.0M	$29.7M	30x	as long as short
Lighter HYPE	+0.0096%	1h	93.091	−0.001%	$16.3M	$61.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.080	−0.012%	$3.1M	$11.5M	20x	as long as short
Popdex HYPEUSDTlong	+0.0096%	1h	93.091	long leg	$68K	$1.2M	50x
Paradex HYPE-USD-PERP	+0.0097%	8h	93.117	+0.028%	$338K	$162K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.060	−0.033%	$38K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.088	−0.003%	$5.7M	$43.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.147	+0.060%	$2.03B	$652.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.093	+0.002%	$10.0M	$14.6M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.083	−0.009%	$46.0M	$18.0M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.082	−0.010%	$225.2M	$96.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.044	−0.050%	$7.3M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.170	+0.084%	$31.0M	$54.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.978	−0.121%	$7.5M	$46.3M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.240	+0.160%	$665K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.124	+0.035%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.108	+0.018%	$473K	$2.4M	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.962	−0.138%	$16.1M	$7.6M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.110	+0.020%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.000	−0.098%	$2.0M	$1.9M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.998	−0.100%	$202K	$10K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.057	−0.036%	$18.3M	$43.5M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.996	−0.102%	$396K	$170K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.070	−0.023%	$4.9M	$5.4M	50x	as long as short
HTX HYPE-USDT	+0.0211%	4h	93.167	+0.082%	$1.4M	$5.9M	75x	as long as short
Reya HYPERUSDPERP	+0.0257%	1h	93.086	−0.006%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0273%	8h	93.088	−0.003%	$1.9M	$4.8M	2.3x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0287%	1h	93.079	−0.013%	$7.4M	$4.4M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.028	−0.067%	$1.4M	—	100x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.189	+0.105%	$3.2M	$6.7M	20x	as long as short
Injective HYPE/USDC PERPshort	+0.0519%	1h	92.930	−0.173%	$30K	$338K	12x
Kraken Futures PF_HYPEUSD	+0.0687%	1h	93.071	−0.021%	$20.7M	$30.0M	50x	as long as short