After costs, if the gap returns to its 7d average, $10k−$16
spread now−0.023%7d average−0.040%fees + slippage, in and out−$17spread needed0.173%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex HYPEUSDT | 94.031 | 0.0096 | pay 0.0012% / 1h | 59m 30s | $161K | $1.1M | 50x |
| Short | edgeX HYPEUSDC | 94.010 | 0.0110 | get 0.0055% / 4h | 59m 30s | $5.1M | $26.2M | 30x |
Popdex HYPEUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$2.26
- Funding while held
- $0.42
- Slippage, 4 orders
- −$1.92
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$19.16
- Spread needed to break even
- 0.173%
Slippage from Popdex: live order book, 1 min ago; edgeX: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0014%
- Per $10,000 a day
- +$0.42
- Average in range /8h
- —
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, 1 min ago | 0.43 bp | 3.8 bp −$4 | 4.9 bp −$49 | 41.3 bp −$4,134 | doesn't fit |
| Sell edgeX live order book, 1 min ago | 0.37 bp | 4.9 bp −$5 | 5.1 bp −$51 | 142.1 bp −$14.2K | doesn't fit |
HYPE price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni93.890cheapestOndo Perps93.930+0.042%Bybit93.970+0.085%Derive93.970+0.085%Bluefin93.980+0.095%Arcus93.981+0.096%Extended93.990+0.106%BloFin93.992+0.108%gTrade (Gains Network)94.000+0.117%KuCoin94.002+0.119%Phemex94.002+0.119%Orderly94.008+0.125%GMX94.010+0.127%Katana Perps94.010+0.127%BingX94.011+0.128%SoDEX94.011+0.128%Hibachi94.014+0.132%Reya94.016+0.133%OKX94.016+0.134%01 Exchange94.016+0.134%Coinbase International94.020+0.138%Gate94.021+0.139%Bitget94.021+0.139%Aevo94.025+0.143%StandX94.026+0.144%Polymarket Perps94.026+0.144%dYdX94.027+0.146%Backpack94.028+0.147%
Variational Omni
Ondo Perps
Bybit
Derive
Bluefin
Arcus
Extended
BloFin
gTrade (Gains Network)
KuCoin
Phemex
Orderly
GMX
Katana Perps
BingX
SoDEX
Hibachi
Reya
OKX
Coinbase International
Gate
Bitget
Aevo
StandX
Polymarket Perps
dYdX
BackpackPopdex94.031+0.150%
Vest94.043+0.162%MEXC94.043+0.162%Perpl94.045+0.164%Aster94.047+0.167%Kraken Futures94.056+0.176%Binance94.057+0.177%Hyperliquid94.059+0.180%Bullet94.059+0.180%Kalshi94.060+0.181%Deribit94.060+0.181%Nado94.066+0.188%Paradex94.085+0.207%Hotstuff94.087+0.209%Pacifica94.088+0.210%RISEx94.088+0.211%SunX94.092+0.215%Lighter RH94.101+0.224%Aftermath Perps94.122+0.246%Lighter94.127+0.252%HTX94.167+0.295%ApeX Omni94.220+0.351%Phoenix94.285+0.420%Bulk94.380+0.521%Injective94.390+0.532%
Vest
MEXC
Perpl
Aster
Kraken Futures
Binance
Hyperliquid
Bullet
Deribit
Nado
Paradex
Hotstuff
Pacifica
RISEx
SunX
Lighter RH
Lighter
HTX
ApeX Omni
Phoenix
Bulk
InjectiveHYPE on 54 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni HYPE | −0.149% | +0.0100% | 8h | $30.8M | $50.8M | — | as long as short |
| Ondo Perps HYPE-USD.P | −0.107% | +0.0100% | 1h | $704K | $904K | 10x | as long as short |
| Bybit HYPEUSDT | −0.065% | +0.0003% | 8h | $327.0M | $280.2M | 75x | as long as short |
| Derive HYPE-PERP | −0.065% | +0.0100% | 1h | $16.7M | $7.1M | 10x | as long as short |
| Bluefin HYPE-PERP | −0.054% | +0.0100% | 1h | $69K | $192K | 20x | as long as short |
| Arcus HYPE-USD | −0.053% | +0.0100% | 1h | $1.2M | $4.1M | 10x | as long as short |
| Extended HYPE-USD | −0.043% | +0.0104% | 1h | $18.5M | $38.8M | 50x | as long as short |
| BloFin HYPE-USDT | −0.041% | +0.0340% | 4h | $17.8M | $11.9M | 75x | as long as short |
| gTrade (Gains Network) HYPE/USD | −0.033% | L +0.0002% / S −0.0001% | 1h | $33K | — | 150x | as long as short |
| KuCoin HYPEUSDTM | −0.031% | +0.0100% | 4h | $44.6M | $19.7M | 75x | as long as short |
Show all 54 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex HYPEUSDT | −0.031% | +0.0087% | 8h | $12.7M | $2.2M | 50x | as long as short |
| Orderly PERP_HYPE_USDC | −0.024% | −0.0213% | 4h | $170K | $414K | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | −0.023% | L +0.0345% / S −0.0160% | 1h | $1.5M | — | 100x | as long as short |
| edgeX HYPEUSDCshort | −0.023% | +0.0110% | 4h | $5.1M | $26.2M | 30x | |
| Katana Perps HYPE-USD | −0.022% | +0.0099% | 8h | $9K | $1.6M | 10x | as long as short |
| BingX HYPE-USDT | −0.021% | −0.0052% | 4h | — | $49.6M | — | as long as short |
| SoDEX HYPE-USD | −0.021% | +0.0100% | 1h | $2.0M | $1.9M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.018% | −0.0688% | 1h | $202K | $179K | 7x | as long as short |
| Reya HYPERUSDPERP | −0.016% | +0.0219% | 1h | $74K | $175K | 15x | as long as short |
| OKX HYPE-USDT-SWAP | −0.016% | −0.0046% | 8h | $117.8M | $301.9M | 50x | as long as short |
| 01 Exchange HYPEUSD | −0.016% | −0.0040% | 1h | $84K | $292K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | −0.012% | +0.0032% | 1h | $5.0M | $5.2M | 50x | as long as short |
| Gate HYPE_USDT | −0.011% | +0.0062% | 4h | $44.3M | $53.2M | 75x | as long as short |
| Bitget HYPEUSDT | −0.011% | +0.0100% | 4h | $233.4M | $92.8M | 75x | as long as short |
| Aevo HYPE-PERP | −0.006% | +0.0104% | 1h | $400K | $342K | 20x | as long as short |
| StandX HYPE-USD | −0.005% | +0.0100% | 1h | $721K | $2.0M | 20x | as long as short |
| Polymarket Perps HYPE-USD | −0.005% | +0.0100% | 1h | $465K | $2.4M | 20x | as long as short |
| dYdX HYPE-USD | −0.004% | +0.0054% | 1h | $128K | $23K | 5x | as long as short |
| Backpack HYPE_USDC_PERP | −0.003% | +0.0100% | 1h | $8.0M | $8.5M | 20x | as long as short |
| Popdex HYPEUSDTlong | 0.000% | +0.0096% | 1h | $161K | $1.1M | 50x | |
| Vest HYPE-PERP | +0.012% | +0.0100% | 1h | — | $407K | 5x | as long as short |
| MEXC HYPE_USDT | +0.013% | +0.0100% | 4h | $94.7M | $81.3M | 100x | as long as short |
| Perpl HYPE | +0.015% | 0.0000% | 43m | $33K | $349K | 10x | as long as short |
| Aster HYPEUSDT | +0.017% | +0.0100% | 4h | $8.9M | $32.8M | 300x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.027% | −0.0294% | 1h | $16.8M | $20.6M | 50x | as long as short |
| Binance HYPEUSDT | +0.028% | +0.0100% | 4h | $397.8M | $783.2M | 75x | as long as short |
| Hyperliquid HYPE | +0.030% | +0.0100% | 1h | $2.05B | $561.4M | 10x | as long as short |
| Bullet HYPE-USD | +0.030% | +0.0100% | 1h | $112K | $580K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.031% | +0.0160% | 8h | $1.7M | $4.1M | 2.3x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.031% | +0.0346% | 1h | $7.3M | $4.6M | 50x | as long as short |
| Nado HYPE-PERP | +0.038% | +0.0100% | 1h | $5.7M | $42.9M | 10x | as long as short |
| Paradex HYPE-USD-PERP | +0.057% | +0.0098% | 8h | $338K | $288K | 20x | as long as short |
| Hotstuff HYPE-PERP | +0.060% | −0.0080% | 1h | $3K | $307 | 25x | as long as short |
| Pacifica HYPE | +0.060% | +0.0100% | 1h | $11.4M | $12.0M | 20x | as long as short |
| RISEx HYPE/USDC | +0.061% | +0.0500% | 1h | $2.5M | $7.2M | 20x | as long as short |
| SunX HYPE-USDT | +0.065% | +0.0100% | 4h | $28K | $1.5M | 20x | as long as short |
| Lighter RH HYPE | +0.074% | +0.0096% | 1h | $3.1M | $11.2M | 20x | as long as short |
| Aftermath Perps HYPEUSD | +0.097% | +0.0110% | 1h | $22K | $35K | 10x | as long as short |
| Lighter HYPE | +0.102% | +0.0096% | 1h | $18.9M | $52.9M | 20x | as long as short |
| HTX HYPE-USDT | +0.145% | +0.0304% | 4h | $1.5M | $6.5M | 75x | as long as short |
| ApeX Omni HYPEUSDT | +0.201% | +0.0100% | 1h | $425K | $948K | 50x | as long as short |
| Phoenix HYPE | +0.270% | +0.0152% | 1h | $297K | $1.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.371% | +0.0100% | 1h | $214K | $10K | 10x | as long as short |
| Injective HYPE/USDC PERP | +0.382% | +0.0375% | 1h | $24K | $320K | 12x | as long as short |