HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.004%

Price spread now: Aevo against Popdex+0.006%7-day average −0.002% · 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−$58as in the Price arb table

costs, in and out, $10k−$590.588% of the position

Long on Popdex Short on Aevo

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 4 days (all we have)−0.136%−$14 · spread now +0.006%, 7d avg −0.002%

Together, before fees−0.125%−$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex HYPEUSDT	92.762	0.0096	pay 0.0012% / 1h	19m 58s	$69K	$1.1M	50x
Short	Aevo HYPE-PERP	92.768	0.0104	get 0.0013% / 1h	19m 58s	$392K	$164K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo 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 AevobpOrdersPrice spread, now +0.006%Rate

Funding earned: $1.68
Price spread: +0.006% → −0.002%: $0.8
Slippage, 4 orders: −$36.38
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$56.3
Costs to cover: 0.588%
Break-even: 241.6 days

Slippage from Popdex: live order book, 4 min ago; Aevo: live order book, 39 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	0.05 bp	3.3 bp −$3	4.9 bp −$49	31.1 bp −$3,106	doesn't fit
Sell Aevo live order book, 39 min ago	17.65 bp	25.9 bp −$26	26.0 bp −$260	30.7 bp −$3,067	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
Arcus HYPE-USD	−0.0948%	1h	92.714	−0.052%	$1.1M	$3.9M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0240%	1h	92.701	−0.065%	$194K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0234%	1h	92.688	−0.079%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.779	+0.018%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0063%	4h	92.738	−0.026%	$157K	$666K	20x	as long as short
01 Exchange HYPEUSD	−0.0024%	1h	92.797	+0.038%	$86K	$361K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.770	+0.009%	$127K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.763	+0.001%	$22K	$304K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.782	+0.022%	$62K	—	150x	as long as short
Phemex HYPEUSDT	+0.0018%	8h	92.717	−0.049%	$12.5M	$2.7M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet HYPE-USD	+0.0031%	1h	92.761	−0.001%	$111K	$579K	20x	as long as short
Ondo Perps HYPE-USD.P	+0.0038%	1h	92.690	−0.078%	$697K	$1.1M	10x	as long as short
BingX HYPE-USDT	+0.0040%	4h	92.759	−0.003%	—	$53.4M	—	as long as short
Aster HYPEUSDT	+0.0042%	4h	92.768	+0.007%	$8.7M	$36.2M	300x	as long as short
Phoenix HYPE	+0.0043%	1h	92.652	−0.119%	$210K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0049%	8h	92.733	−0.031%	$316.7M	$281.8M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0088%	8h	92.748	−0.015%	$113.7M	$304.1M	50x	as long as short
Gate HYPE_USDT	+0.0090%	4h	92.755	−0.008%	$44.5M	$55.3M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0094%	8h	92.811	+0.053%	$339K	$163K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.787	+0.027%	$16.0M	$62.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.785	+0.025%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDTlong	+0.0096%	1h	92.762	long leg	$69K	$1.1M	50x
Katana Perps HYPE-USD	+0.0099%	8h	92.740	−0.024%	$38K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.788	+0.029%	$7.1M	$45.2M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.787	+0.027%	$2.02B	$663.4M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.825	+0.068%	$10.0M	$15.1M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.764	+0.002%	$372.5M	$904.2M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.775	+0.014%	$87.6M	$80.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.779	+0.018%	$46.0M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.735	−0.029%	$224.5M	$98.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.748	−0.015%	$7.3M	$11.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.688	−0.080%	$28.6M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.707	−0.059%	$7.5M	$46.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.679	−0.089%	$350K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.729	−0.036%	$665K	$2.7M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	92.800	+0.041%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.781	+0.020%	$466K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.741	−0.023%	$79K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.752	−0.011%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.776	+0.015%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.768	+0.006%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.902	+0.151%	$1.4M	$6.2M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.701	−0.065%	$202K	$13K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.744	−0.019%	$18.1M	$43.5M	50x	as long as short
Aevo HYPE-PERPshort	+0.0104%	1h	92.768	+0.006%	$392K	$164K	20x
edgeX HYPEUSDC	+0.0116%	4h	92.666	−0.103%	$5.0M	$29.5M	30x	as long as short
Injective HYPE/USDC PERP	+0.0150%	1h	93.000	+0.257%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0160%	1h	92.810	+0.052%	$4.7M	$5.5M	50x	as long as short
Kalshi KXHYPEPERP	+0.0240%	8h	92.830	+0.073%	$1.8M	$5.4M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0262%	1h	92.740	−0.024%	$79K	$132K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	92.774	+0.013%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0332%	1h	92.835	+0.078%	$20.6M	$30.5M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.771	+0.010%	$16.7M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0461%	1h	92.866	+0.112%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0687%	1h	92.852	+0.097%	$3.2M	$6.4M	20x	as long as short