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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%
Price spread now: StandX against Popdex+0.117%7-day average −0.006% · 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−$9as in the Price arb table
costs, in and out, $10k−$210.213% of the position
Long on PopdexShort on StandX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.007%+$1 on $10k
Price spread, last 7 days−0.122%−$12 · spread now +0.117%, 7d avg −0.006%
Together, before fees−0.115%+ Points / potential airdropStandX: Active · farm board−$11 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: StandX is 0.124% dearer against Popdex than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPopdex HYPEUSDT93.6920.0096pay 0.0012% / 1h15m 24s$67K$1.2M50x
ShortStandX HYPE-USD93.8020.0100get 0.0013% / 1h15m 24s$669K$2.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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
$0.84
Price spread: +0.117% → −0.006%
$12.38
Slippage, 4 orders
−$6.85
Fee Popdex: 3.2 bp × 2 orders
−$6.4
Fee StandX: 4 bp × 2 orders
−$8
Net
−$8.03
Costs to cover
0.213%
Break-even
74.0 days
Slippage from Popdex: live order book, 4 min ago; StandX: live order book, 3 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, 4 min ago0.37 bp3.7 bp −$44.6 bp −$4624.5 bp −$2,450doesn't fit
Sell StandX live order book, 3 min ago2.72 bp6.7 bp −$76.7 bp −$6715.1 bp −$1,511doesn't fit

HYPE on 54 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−0.1056%1h93.599−0.099%$197K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.612−0.085%$1.2M$3.8M10xas long as short
Phemex HYPEUSDT−0.0124%8h93.726+0.036%$12.7M$2.7M50xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.733+0.044%$3K$33125xas long as short
Aftermath Perps HYPEUSD−0.0076%1h93.771+0.085%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0071%1h93.650−0.045%$701K$921K10xas long as short
Orderly PERP_HYPE_USDC−0.0057%4h93.694+0.002%$156K$646K20xas long as short
01 Exchange HYPEUSD−0.0048%1h93.708+0.017%$85K$349K20xas long as short
Backpack HYPE_USDC_PERP−0.0028%1h93.714+0.023%$7.7M$10.3M20xas long as short
Gate HYPE_USDT−0.0008%4h93.716+0.026%$44.4M$55.2M75xas long as short
Show all 54 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDT−0.0002%4h93.742+0.053%$8.9M$35.8M300xas long as short
dYdX HYPE-USD0.0000%1h93.751+0.063%$129K$31K5xas long as short
Perpl HYPE0.0000%43m93.707+0.016%$22K$325K10xas long as short
BingX HYPE-USDT+0.0002%4h93.722+0.032%—$53.6M—as long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.742+0.054%$26K—150xas long as short
Bybit HYPEUSDT+0.0010%8h93.710+0.019%$321.7M$279.9M75xas long as short
Phoenix HYPE+0.0060%1h93.766+0.079%$213K$1.2M10xas long as short
MEXC HYPE_USDT+0.0068%4h93.721+0.031%$89.0M$83.3M100xas long as short
Binance HYPEUSDT+0.0070%4h93.722+0.032%$381.5M$889.2M75xas long as short
OKX HYPE-USDT-SWAP+0.0071%8h93.730+0.041%$115.3M$307.6M50xas long as short
Bullet HYPE-USD+0.0071%1h93.722+0.032%$111K$577K20xas long as short
edgeX HYPEUSDC+0.0085%4h93.690−0.002%$5.1M$30.0M30xas long as short
Lighter HYPE+0.0096%1h93.755+0.068%$16.4M$62.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.737+0.048%$3.1M$11.9M20xas long as short
Popdex HYPEUSDTlong+0.0096%1h93.692long leg$67K$1.2M50x
Aevo HYPE-PERP+0.0096%1h93.717+0.027%$399K$175K20xas long as short
Paradex HYPE-USD-PERP+0.0096%8h93.846+0.164%$341K$164K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.710+0.019%$21K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.724+0.034%$5.7M$44.7M10xas long as short
Hyperliquid HYPE+0.0100%1h93.819+0.136%$2.05B$666.2M10xas long as short
Pacifica HYPE+0.0100%1h93.750+0.062%$10.1M$14.7M20xas long as short
Bulk HYPE-USD+0.0100%1h93.760+0.073%$204K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.741+0.052%$46.4M$18.0M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.726+0.036%$227.0M$98.2M75xas long as short
Variational Omni HYPE+0.0100%8h93.718+0.027%$31.2M$54.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.737+0.048%$7.6M$47.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.706+0.015%$339K$1.0M50xas long as short
StandX HYPE-USDshort+0.0100%1h93.802+0.117%$669K$2.6M20x
Vest HYPE-PERP+0.0100%1h93.769+0.082%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.758+0.070%$476K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.6920.000%$79K$170K20xas long as short
Derive HYPE-PERP+0.0100%1h93.699+0.007%$16.3M$7.7M10xas long as short
SunX HYPE-USDT+0.0100%4h93.825+0.142%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.722+0.032%$2.0M$1.9M10xas long as short
Extended HYPE-USD+0.0104%1h93.702+0.010%$18.3M$44.0M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.800+0.115%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.670−0.023%$30K$339K12xas long as short
HTX HYPE-USDT+0.0191%4h93.900+0.222%$1.4M$5.9M75xas long as short
RISEx HYPE/USDC+0.0210%1h93.794+0.109%$3.2M$7.0M20xas long as short
Reya HYPERUSDPERP+0.0255%1h93.724+0.034%$80K$140K15xas long as short
Kalshi KXHYPEPERP+0.0280%8h93.796+0.111%$1.9M$4.9M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0156%1h93.745+0.056%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0358%1h93.816+0.132%$7.4M$4.4M50xas long as short
Kraken Futures PF_HYPEUSD+0.0680%1h93.817+0.134%$21.0M$29.8M50xas long as short