HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0160%/8h= −17.5% APRnext payment −$0.20 per $10,000 · paid last 24h −0.022%

Price spread now: 01 Exchange against Popdex+0.016%7-day average +0.023% · 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−$200.205% of the position

Long on Popdex Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.025%−$2 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now +0.016%, 7d avg +0.023%

Together, before fees−0.025%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.023%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex HYPEUSDT	93.917	0.0064	pay 0.0008% / 1h	50m 10s	$61K	$1.2M	50x
Short	01 Exchange HYPEUSD	93.932	−0.0096	pay 0.0012% / 1h	50m 10s	$85K	$364K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.016%Rate

Funding earned: −$33.6
Price spread: +0.016% → +0.023%: −$0.7
Slippage, 4 orders: −$7.09
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$54.8
Costs to cover: 0.205%
Break-even: never at this rate

Slippage from Popdex: live order book, 4 min ago; 01 Exchange: live order book, 24 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, 4 min ago	0.21 bp	3.4 bp −$3	3.9 bp −$39	22.9 bp −$2,291	doesn't fit
Sell 01 Exchange live order book, 24 min ago	0.16 bp	6.7 bp −$7	10.2 bp −$102	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	−0.1384%	1h	93.992	+0.080%	$199K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	93.800	−0.125%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0301%	1h	93.954	+0.039%	$22K	$23K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0161%	1h	93.850	−0.071%	$705K	$928K	10x	as long as short
Gate HYPE_USDT	−0.0126%	4h	93.835	−0.087%	$44.4M	$59.2M	75x	as long as short
Phemex HYPEUSDT	−0.0120%	8h	93.860	−0.061%	$12.8M	$2.6M	50x	as long as short
dYdX HYPE-USD	−0.0102%	1h	93.917	0.000%	$128K	$29K	5x	as long as short
01 Exchange HYPEUSDshort	−0.0096%	1h	93.932	+0.016%	$85K	$364K	20x
Bullet HYPE-USD	−0.0090%	1h	93.910	−0.007%	$113K	$580K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.897	−0.021%	$3K	$331	25x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	−0.0025%	8h	93.822	−0.101%	$322.6M	$283.0M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0010%	4h	93.866	−0.054%	$169K	$594K	20x	as long as short
Derive HYPE-PERP	0.0000%	1h	93.806	−0.118%	$16.4M	$7.2M	10x	as long as short
Perpl HYPE	0.0000%	43m	93.938	+0.022%	$23K	$329K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	93.943	+0.028%	$27K	—	150x	as long as short
Aster HYPEUSDT	+0.0017%	4h	93.925	+0.008%	$8.9M	$36.1M	300x	as long as short
Phoenix HYPE	+0.0034%	1h	93.829	−0.094%	$218K	$1.2M	10x	as long as short
edgeX HYPEUSDC	+0.0042%	4h	93.948	+0.033%	$5.1M	$29.8M	30x	as long as short
MEXC HYPE_USDT	+0.0044%	4h	93.851	−0.070%	$88.1M	$81.9M	100x	as long as short
Binance HYPEUSDT	+0.0045%	4h	93.846	−0.076%	$383.2M	$896.2M	75x	as long as short
Popdex HYPEUSDTlong	+0.0064%	1h	93.917	long leg	$61K	$1.2M	50x
Bluefin HYPE-PERP	+0.0079%	1h	93.839	−0.083%	$76K	$171K	20x	as long as short
OKX HYPE-USDT-SWAP	+0.0081%	8h	93.835	−0.087%	$115.9M	$320.8M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.927	+0.011%	$18.9M	$58.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.883	−0.036%	$3.0M	$12.0M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	93.860	−0.061%	$399K	$191K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	93.935	+0.020%	$341K	$171K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.910	−0.007%	$39K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.897	−0.021%	$6.6M	$44.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.952	+0.037%	$2.04B	$675.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.918	+0.001%	$10.1M	$14.6M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.854	−0.067%	$46.5M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.861	−0.060%	$227.6M	$101.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.832	−0.091%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.872	−0.048%	$7.7M	$10.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.890	−0.028%	$31.3M	$54.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.981	+0.068%	$7.6M	$45.4M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.029	+0.119%	$340K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.911	−0.006%	$679K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.943	+0.028%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.944	+0.029%	$480K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.969	+0.055%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.868	−0.052%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.944	+0.028%	$205K	$6K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.835	−0.087%	$18.4M	$42.5M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.950	+0.035%	$4.9M	$5.5M	50x	as long as short
Kalshi KXHYPEPERP	+0.0171%	8h	93.968	+0.054%	$1.9M	$5.1M	2.3x	as long as short
BloFin HYPE-USDT	+0.0179%	4h	93.916	−0.001%	$17.0M	$12.3M	75x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	93.810	−0.114%	$31K	$338K	12x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	93.963	+0.049%	$2.8M	$6.8M	20x	as long as short
Reya HYPERUSDPERP	+0.0250%	1h	93.918	+0.001%	$79K	$146K	15x	as long as short
HTX HYPE-USDT	+0.0310%	4h	94.050	+0.142%	$1.5M	$7.4M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0336%	1h	93.959	+0.045%	$7.5M	$4.7M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0157%	1h	93.939	+0.024%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0672%	1h	93.938	+0.023%	$21.0M	$29.7M	50x	as long as short