HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0153%/8h= +16.7% APRnext payment +$0.19 per $10,000 · paid last 24h +0.072%

Price spread now: RISEx against Popdex+0.032%7-day average −0.007% · 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−$12as in the Price arb table

costs, in and out, $10k−$160.159% of the position

Long on Popdex Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.154%+$15 on $10k

Price spread, last 7 days−0.031%−$3 · spread now +0.032%, 7d avg −0.007%

Together, before fees+0.124%+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and RISEx is 0.039% dearer against Popdex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex HYPEUSDT	94.424	0.0096	pay 0.0012% / 1h	10m 30s	$79K	$1.2M	50x
Short	RISEx HYPE/USDC	94.454	0.0249	get 0.0031% / 1h	10m 30s	$3.2M	$6.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.032%Rate

Funding earned: $32.07
Price spread: +0.032% → −0.007%: $3.86
Slippage, 4 orders: −$3.54
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee RISEx: 3 bp × 2 orders: −$6
Net: $19.99
Costs to cover: 0.159%
Break-even: 2.6 days

Slippage from Popdex: live order book, 4 min ago; RISEx: 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 Popdex live order book, 4 min ago	0.74 bp	4.0 bp −$4	4.6 bp −$46	19.5 bp −$1,947	doesn't fit
Sell RISEx live order book, 4 min ago	1.01 bp	4.0 bp −$4	5.0 bp −$50	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	−0.1656%	1h	94.413	−0.011%	$204K	$266K	7x	as long as short
Bluefin HYPE-PERP	−0.0394%	1h	94.367	−0.060%	$80K	$152K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0206%	1h	94.380	−0.047%	$711K	$1.2M	10x	as long as short
Bullet HYPE-USD	−0.0191%	1h	94.383	−0.044%	$112K	$575K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0166%	1h	94.427	+0.003%	$22K	$20K	10x	as long as short
01 Exchange HYPEUSD	−0.0112%	1h	94.447	+0.024%	$88K	$365K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.398	−0.028%	$3K	$331	25x	as long as short
Arcus HYPE-USD	−0.0045%	1h	94.404	−0.021%	$1.0M	$3.5M	10x	as long as short
Derive HYPE-PERP	−0.0036%	1h	94.320	−0.110%	$16.4M	$7.4M	10x	as long as short
Bybit HYPEUSDT	−0.0020%	8h	94.420	−0.004%	$317.3M	$288.4M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX HYPE-USDT	−0.0020%	4h	94.394	−0.032%	—	$52.8M	—	as long as short
Lighter HYPE	−0.0016%	1h	94.396	−0.029%	$16.4M	$64.6M	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0008%	4h	94.385	−0.041%	$147K	$686K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.388	−0.038%	$129K	$94K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.485	+0.065%	$1.9M	$5.6M	2.3x	as long as short
Phoenix HYPE	0.0000%	1h	94.527	+0.109%	$209K	$1.1M	10x	as long as short
Perpl HYPE	0.0000%	43m	94.422	−0.002%	$19K	$286K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.430	+0.006%	$124K	—	150x	as long as short
Polymarket Perps HYPE-USD	+0.0017%	1h	94.471	+0.050%	$498K	$2.8M	20x	as long as short
Bitget HYPEUSDT	+0.0020%	4h	94.421	−0.003%	$226.6M	$100.1M	75x	as long as short
Phemex HYPEUSDT	+0.0035%	8h	94.376	−0.051%	$12.9M	$2.9M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0039%	8h	94.419	−0.006%	$337K	$154K	20x	as long as short
SoDEX HYPE-USD	+0.0055%	1h	94.402	−0.023%	$2.1M	$1.9M	10x	as long as short
Vest HYPE-PERP	+0.0055%	1h	94.500	+0.080%	—	$190K	5x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0064%	1h	94.420	−0.004%	$4.7M	$6.2M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0065%	8h	94.450	+0.028%	$117.8M	$325.2M	50x	as long as short
edgeX HYPEUSDC	+0.0083%	4h	94.403	−0.022%	$5.0M	$30.8M	30x	as long as short
Gate HYPE_USDT	+0.0090%	4h	94.403	−0.022%	$50.4M	$56.8M	75x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.396	−0.030%	$3.2M	$10.9M	20x	as long as short
Popdex HYPEUSDTlong	+0.0096%	1h	94.424	long leg	$79K	$1.2M	50x
Katana Perps HYPE-USD	+0.0100%	8h	94.410	−0.015%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.415	−0.010%	$7.2M	$52.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.494	+0.074%	$2.08B	$689.0M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.423	−0.001%	$8.8M	$36.9M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.444	+0.021%	$10.2M	$15.0M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.424	0.000%	$378.6M	$932.1M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.307	−0.124%	$218K	$12K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.403	−0.022%	$89.7M	$84.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.398	−0.028%	$46.9M	$18.9M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.392	−0.034%	$7.6M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.383	−0.043%	$29.7M	$54.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.478	+0.057%	$7.6M	$45.8M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.458	+0.036%	$350K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.389	−0.037%	$682K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.487	+0.067%	$32K	$1.6M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.542	+0.125%	$1.4M	$6.8M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.387	−0.039%	$18.3M	$43.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.360	−0.068%	$399K	$153K	20x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0150% / S +0.0022%	1h	94.459	+0.037%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0185%	1h	94.740	+0.335%	$31K	$340K	12x	as long as short
Kraken Futures PF_HYPEUSD	+0.0223%	1h	94.440	+0.017%	$20.2M	$30.2M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0248%	1h	94.502	+0.083%	$7.4M	$4.3M	50x	as long as short
RISEx HYPE/USDCshort	+0.0249%	1h	94.454	+0.032%	$3.2M	$6.4M	20x
Reya HYPERUSDPERP	+0.0272%	1h	94.436	+0.012%	$83K	$122K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.399	−0.026%	$17.1M	$12.4M	75x	as long as short