HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0463%/8h= +50.7% APRnext payment +$0.58 per $10,000 · paid last 24h +0.066%

Price spread now: RISEx against Popdex+0.031%7-day average −0.007% · 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−$160.164% of the position

Long on Popdex Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.143%+$14 on $10k

Price spread, last 7 days−0.016%−$2 · spread now +0.031%, 7d avg −0.007%

Together, before fees+0.127%+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and RISEx is 0.038% dearer against Popdex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.007%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.143% in total (about 14.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.58 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex HYPEUSDT	93.724	0.0096	pay 0.0012% / 1h	51m 23s	$78K	$1.2M	50x
Short	RISEx HYPE/USDC	93.753	0.0559	get 0.0070% / 1h	51m 23s	$3.2M	$6.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.031%Rate

Funding earned: $97.24
Price spread: +0.031% → −0.007%: $3.83
Slippage, 4 orders: −$4.02
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee RISEx: 3 bp × 2 orders: −$6
Net: $84.65
Costs to cover: 0.164%
Break-even: 0.9 days

Slippage from Popdex: live order book, 3 min ago; RISEx: live order book, 3 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, 3 min ago	0.37 bp	3.6 bp −$4	4.7 bp −$47	33.9 bp −$3,390	doesn't fit
Sell RISEx live order book, 3 min ago	1.49 bp	4.5 bp −$4	5.9 bp −$59	doesn't fit	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	−0.1160%	1h	93.719	−0.006%	$199K	$242K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0263%	1h	93.883	+0.170%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0109%	1h	93.630	−0.100%	$706K	$1.2M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.712	−0.013%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0064%	1h	93.732	+0.009%	$86K	$372K	20x	as long as short
Bullet HYPE-USD	−0.0040%	1h	93.703	−0.022%	$111K	$581K	20x	as long as short
Bluefin HYPE-PERP	−0.0036%	1h	93.694	−0.032%	$79K	$156K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0019%	4h	93.672	−0.055%	$149K	$681K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.734	+0.011%	$129K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.729	+0.005%	$22K	$285K	10x	as long as short

Show 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	93.737	+0.013%	$63K	—	150x	as long as short
BingX HYPE-USDT	+0.0010%	4h	93.705	−0.020%	—	$53.8M	—	as long as short
Bybit HYPEUSDT	+0.0013%	8h	93.684	−0.043%	$316.5M	$287.6M	75x	as long as short
Phoenix HYPE	+0.0017%	1h	93.780	+0.060%	$210K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0040%	4h	93.700	−0.026%	$225.7M	$99.5M	75x	as long as short
Phemex HYPEUSDT	+0.0064%	8h	93.747	+0.025%	$12.8M	$2.8M	50x	as long as short
ApeX Omni HYPEUSDT	+0.0074%	1h	93.801	+0.082%	$348K	$1.0M	50x	as long as short
Arcus HYPE-USD	+0.0084%	1h	93.681	−0.046%	$1.0M	$4.0M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0086%	8h	93.740	+0.017%	$335K	$161K	20x	as long as short
edgeX HYPEUSDC	+0.0091%	4h	93.758	+0.036%	$5.0M	$30.5M	30x	as long as short
Derive HYPE-PERP	+0.0092%	1h	93.670	−0.058%	$16.3M	$7.5M	10x	as long as short
Lighter HYPE	+0.0096%	1h	93.715	−0.010%	$16.2M	$63.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.713	−0.012%	$3.1M	$11.1M	20x	as long as short
Popdex HYPEUSDTlong	+0.0096%	1h	93.724	long leg	$78K	$1.2M	50x
Katana Perps HYPE-USD	+0.0100%	8h	93.700	−0.026%	$23K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.698	−0.027%	$7.4M	$50.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.789	+0.069%	$2.05B	$681.3M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.716	−0.009%	$8.9M	$37.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.735	+0.012%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.700	−0.026%	$375.7M	$930.4M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.692	−0.034%	$115.7M	$316.2M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.704	−0.021%	$48.4M	$54.9M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.697	−0.029%	$89.0M	$83.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.707	−0.018%	$46.3M	$18.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.736	+0.013%	$7.2M	$10.8M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.759	+0.037%	$28.7M	$56.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.822	+0.104%	$7.6M	$48.1M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.767	+0.046%	$679K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.768	+0.047%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.725	+0.001%	$470K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.774	+0.053%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.700	−0.026%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.923	+0.212%	$1.4M	$6.7M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.731	+0.008%	$216K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.668	−0.060%	$18.2M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.697	−0.029%	$396K	$159K	20x	as long as short
Kalshi KXHYPEPERP	+0.0107%	8h	93.828	+0.111%	$1.8M	$5.6M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	93.760	+0.038%	$4.7M	$6.1M	50x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.610	+0.945%	$31K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	93.683	−0.044%	$77K	$130K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0154%	1h	93.736	+0.012%	$1.4M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0337%	1h	93.800	+0.081%	$7.4M	$4.2M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.769	+0.048%	$17.0M	$12.2M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0415%	1h	93.768	+0.047%	$20.9M	$29.6M	50x	as long as short
RISEx HYPE/USDCshort	+0.0559%	1h	93.753	+0.031%	$3.2M	$6.4M	20x