Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.057%
Price spread now: Hyperliquid against Popdex−0.067%47s7-day average +0.003% · 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—prices read too far apart to compare
costs, in and out, $10k−$170.174% of the position
Funding, last 3 days (all we have)+0.068%+$7 on $10k
+Price spread, last 7 days+0.069%+$7 · spread now −0.067%, 7d avg +0.003%
=Together, before fees+0.137%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 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: Hyperliquid is 0.070% cheaper against Popdex than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.003%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex HYPEUSDT | 94.017 | 0.0096 | pay 0.0012% / 1h | 8m 37s | $65K | $1.2M | 50x |
| Short | Hyperliquid HYPE | 93.954 | 0.0100 | get 0.0013% / 1h | 8m 37s | $2.05B | $668.4M | 10x |
Popdex HYPEUSDT
Hyperliquid HYPEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Popdex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
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: −0.067% → +0.003%
- −$6.99
- Slippage, 4 orders
- −$2.04
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$23.59
- Costs to cover
- 0.174%
- Break-even
- 203.6 days
Slippage from Popdex: live order book, 6 min ago; Hyperliquid: live order book, 6 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, 6 min ago | 0.85 bp | 4.1 bp −$4 | 5.2 bp −$52 | 43.0 bp −$4,299 | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 0.05 bp | 4.6 bp −$5 | 5.7 bp −$57 | 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 | −0.1168% | 1h | 93.966 | −0.055% | $199K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.778 | −0.254% | $1.2M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0210% | 1h | 93.984 | −0.035% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0099% | 1h | 93.860 | −0.167% | $710K | $958K | 10x | as long as short |
| Phemex HYPEUSDT | −0.0095% | 8h | 93.940 | −0.082% | $12.8M | $2.6M | 50x | as long as short |
| dYdX HYPE-USD | −0.0087% | 1h | 93.911 | −0.112% | $129K | $31K | 5x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 94.018 | +0.001% | $86K | $359K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.036 | +0.020% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0048% | 1h | 93.989 | −0.030% | $113K | $580K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0029% | 4h | 93.938 | −0.084% | $159K | $643K | 20x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Phemex HYPEUSDT
dYdX HYPE-USD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
Orderly PERP_HYPE_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HYPE_USDT | −0.0012% | 4h | 93.896 | −0.129% | $44.4M | $60.3M | 75x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.046 | +0.030% | $23K | $327K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 94.010 | −0.007% | $27K | — | 150x | as long as short |
| Derive HYPE-PERP | +0.0009% | 1h | 93.925 | −0.097% | $16.4M | $7.3M | 10x | as long as short |
| Aster HYPEUSDT | +0.0012% | 4h | 93.908 | −0.116% | $8.9M | $36.0M | 300x | as long as short |
| Bybit HYPEUSDT | +0.0015% | 8h | 93.877 | −0.149% | $323.1M | $279.7M | 75x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 94.071 | +0.057% | $218K | $1.2M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0052% | 4h | 93.899 | −0.126% | $88.4M | $83.3M | 100x | as long as short |
| Binance HYPEUSDT | +0.0056% | 4h | 93.891 | −0.135% | $383.3M | $894.4M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0065% | 4h | 93.937 | −0.085% | $5.1M | $29.6M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0073% | 8h | 93.881 | −0.145% | $116.1M | $314.8M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.924 | −0.098% | $18.9M | $60.7M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.905 | −0.119% | $3.0M | $12.2M | 20x | as long as short |
| Popdex HYPEUSDTlong | +0.0096% | 1h | 94.017 | long leg | $65K | $1.2M | 50x | |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.969 | −0.051% | $400K | $180K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.928 | −0.094% | $341K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.030 | +0.014% | $31K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.020 | +0.004% | $6.6M | $44.6M | 10x | as long as short |
| Hyperliquid HYPEshort | +0.0100% | 1h | 93.954 | −0.067% | $2.05B | $668.4M | 10x | |
| Pacifica HYPE | +0.0100% | 1h | 93.912 | −0.112% | $10.1M | $14.7M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.528 | −0.520% | $204K | $12K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.896 | −0.129% | $46.6M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.883 | −0.143% | $227.3M | $100.2M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.888 | −0.137% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.871 | −0.155% | $7.9M | $10.5M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.920 | −0.104% | $31.4M | $53.7M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.053 | +0.038% | $7.6M | $46.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.946 | −0.076% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.959 | −0.062% | $671K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.050 | +0.035% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.049 | +0.034% | $475K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.926 | −0.097% | $76K | $170K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.049 | +0.034% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.955 | −0.066% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.869 | −0.157% | $18.4M | $45.2M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.970 | −0.050% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 94.490 | +0.503% | $31K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0212% | 4h | 94.058 | +0.044% | $17.1M | $12.1M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 93.927 | −0.095% | $2.7M | $6.7M | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0241% | 8h | 94.083 | +0.070% | $1.9M | $5.1M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0252% | 1h | 93.976 | −0.043% | $79K | $143K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0335% / S −0.0158% | 1h | 94.009 | −0.008% | $1.4M | — | 100x | as long as short |
| HTX HYPE-USDT | +0.0366% | 4h | 94.211 | +0.206% | $1.5M | $5.9M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0431% | 1h | 94.060 | +0.046% | $7.5M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0672% | 1h | 94.012 | −0.005% | $21.0M | $29.8M | 50x | as long as short |
Gate HYPE_USDT
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Derive HYPE-PERP
Aster HYPEUSDT
Bybit HYPEUSDT
Phoenix HYPE
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
BloFin HYPE-USDT
RISEx HYPE/USDC
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
HTX HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD