HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Popdex against Polymarket Perps−0.021%7-day average +0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$170.165% of the position

Long on Polymarket Perps Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.011%+$1 on $10k

Price spread, last 7 days+0.116%+$12 · spread now −0.021%, 7d avg +0.053%

Together, before fees+0.127%+$13 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: Popdex is 0.075% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps HYPE-USD	93.252	0.0100	pay 0.0013% / 1h	30m 29s	$483K	$2.7M	20x
Short	Popdex HYPEUSDT	93.232	0.0096	get 0.0012% / 1h	30m 29s	$75K	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Polymarket Perps. 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 Polymarket PerpsbpFee PopdexbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$0.84
Price spread: −0.021% → +0.053%: −$7.48
Slippage, 4 orders: −$2.1
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$24.82
Costs to cover: 0.165%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; Popdex: live order book, 4 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 Polymarket Perps live order book, 3 min ago	0.70 bp	4.8 bp −$5	5.2 bp −$52	10.9 bp −$1,091	doesn't fit
Sell Popdex live order book, 4 min ago	0.11 bp	3.4 bp −$3	4.8 bp −$48	51.4 bp −$5,135	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	−0.1568%	1h	93.135	−0.125%	$196K	$234K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0361%	1h	93.251	−0.001%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.195	−0.061%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0059%	1h	93.242	−0.011%	$110K	$578K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0023%	4h	93.157	−0.102%	$146K	$662K	20x	as long as short
01 Exchange HYPEUSD	−0.0016%	1h	93.261	+0.010%	$87K	$366K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.219	−0.035%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.204	−0.052%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.258	+0.006%	$62K	—	150x	as long as short
Arcus HYPE-USD	+0.0011%	1h	93.184	−0.073%	$1.0M	$4.0M	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget HYPEUSDT	+0.0016%	4h	93.223	−0.031%	$225.2M	$99.0M	75x	as long as short
Bybit HYPEUSDT	+0.0019%	8h	93.230	−0.024%	$316.7M	$282.9M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0026%	1h	93.170	−0.088%	$702K	$1.2M	10x	as long as short
Phoenix HYPE	+0.0026%	1h	93.263	+0.012%	$207K	$1.2M	10x	as long as short
Phemex HYPEUSDT	+0.0054%	8h	93.201	−0.055%	$12.6M	$2.7M	50x	as long as short
edgeX HYPEUSDC	+0.0088%	4h	93.175	−0.082%	$5.0M	$30.0M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0094%	8h	93.231	−0.022%	$339K	$162K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.217	−0.037%	$16.1M	$63.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.209	−0.046%	$3.1M	$11.5M	20x	as long as short
Popdex HYPEUSDTshort	+0.0096%	1h	93.232	−0.021%	$75K	$1.2M	50x
Katana Perps HYPE-USD	+0.0100%	8h	93.170	−0.088%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.228	−0.026%	$8.0M	$48.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.274	+0.024%	$2.03B	$669.0M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.245	−0.008%	$8.7M	$36.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.231	−0.023%	$10.0M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.239	−0.014%	$373.6M	$912.7M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.231	−0.023%	$114.3M	$309.4M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.230	−0.024%	$215K	$15K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.228	−0.026%	$46.7M	$54.3M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.240	−0.013%	$91.0M	$81.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.208	−0.047%	$46.1M	$18.9M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.237	−0.016%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.225	−0.029%	$7.3M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.131	−0.130%	$28.5M	$56.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.218	−0.036%	$7.5M	$47.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.165	−0.093%	$342K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.217	−0.038%	$667K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.286	+0.036%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USDlong	+0.0100%	1h	93.252	long leg	$483K	$2.7M	20x
Bluefin HYPE-PERP	+0.0100%	1h	93.169	−0.089%	$79K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.154	−0.105%	$16.1M	$7.4M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.210	−0.045%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.162	−0.097%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.329	+0.083%	$1.4M	$6.5M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.149	−0.110%	$18.1M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.178	−0.080%	$394K	$158K	20x	as long as short
Kalshi KXHYPEPERP	+0.0108%	8h	93.259	+0.008%	$1.8M	$5.7M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	93.120	−0.142%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.230	−0.024%	$4.8M	$5.6M	50x	as long as short
Reya HYPERUSDPERP	+0.0269%	1h	93.231	−0.023%	$80K	$127K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.258	+0.007%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.160	−0.099%	$16.9M	$11.9M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0342%	1h	93.225	−0.029%	$20.8M	$29.6M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0426%	1h	93.257	+0.005%	$7.5M	$4.0M	50x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	93.276	+0.025%	$3.2M	$6.3M	20x	as long as short