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: StandX against Popdex−0.102%7-day average −0.006% · 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−$27as in the Price arb table

costs, in and out, $10k−$170.172% of the position

Long on Popdex Short on StandX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.008%+$1 on $10k

Price spread, last 7 days+0.130%+$13 · spread now −0.102%, 7d avg −0.006%

Together, before fees+0.138%+ Points / potential airdropStandX: Active · 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: StandX is 0.096% cheaper against Popdex than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex HYPEUSDT	93.722	0.0096	pay 0.0012% / 1h	48m 30s	$77K	$1.1M	50x
Short	StandX HYPE-USD	93.626	0.0100	get 0.0013% / 1h	48m 30s	$670K	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.102%Rate

Funding earned: $0.84
Price spread: −0.102% → −0.006%: −$9.63
Slippage, 4 orders: −$2.77
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee StandX: 4 bp × 2 orders: −$8
Net: −$25.96
Costs to cover: 0.172%
Break-even: 223.3 days

Slippage from Popdex: live order book, 6 min ago; StandX: live order book, just now.

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	0.11 bp	3.4 bp −$3	3.9 bp −$39	20.2 bp −$2,023	doesn't fit
Sell StandX live order book, just now	1.23 bp	5.2 bp −$5	5.5 bp −$55	14.1 bp −$1,413	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	−0.1848%	1h	93.418	−0.324%	$196K	$232K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0371%	1h	93.566	−0.166%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.494	−0.243%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0032%	4h	93.520	−0.216%	$146K	$663K	20x	as long as short
Bullet HYPE-USD	−0.0029%	1h	93.707	−0.016%	$112K	$578K	20x	as long as short
01 Exchange HYPEUSD	−0.0024%	1h	93.727	+0.005%	$88K	$365K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0001%	1h	93.510	−0.226%	$704K	$1.2M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.635	−0.093%	$128K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.704	−0.020%	$22K	$290K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.730	+0.009%	$62K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus HYPE-USD	+0.0011%	1h	93.686	−0.038%	$1.0M	$3.9M	10x	as long as short
Bitget HYPEUSDT	+0.0018%	4h	93.705	−0.018%	$226.7M	$98.8M	75x	as long as short
Phemex HYPEUSDT	+0.0024%	8h	93.557	−0.176%	$12.6M	$2.7M	50x	as long as short
Bybit HYPEUSDT	+0.0025%	8h	93.680	−0.045%	$318.6M	$283.7M	75x	as long as short
Phoenix HYPE	+0.0026%	1h	93.701	−0.022%	$210K	$1.2M	10x	as long as short
edgeX HYPEUSDC	+0.0083%	4h	93.497	−0.240%	$5.0M	$29.9M	30x	as long as short
Paradex HYPE-USD-PERP	+0.0095%	8h	93.723	+0.001%	$341K	$162K	20x	as long as short
Lighter HYPE	+0.0096%	1h	93.699	−0.025%	$16.2M	$63.0M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.691	−0.033%	$3.1M	$11.4M	20x	as long as short
Popdex HYPEUSDTlong	+0.0096%	1h	93.722	long leg	$77K	$1.1M	50x
Katana Perps HYPE-USD	+0.0099%	8h	93.690	−0.034%	$28K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.717	−0.005%	$7.8M	$48.4M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.760	+0.041%	$2.04B	$667.0M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.704	−0.019%	$8.8M	$36.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.722	0.000%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.722	0.000%	$375.8M	$911.0M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.710	−0.013%	$115.0M	$310.1M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.614	−0.115%	$204K	$3K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.680	−0.045%	$46.5M	$54.0M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.714	−0.009%	$92.3M	$80.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.728	+0.006%	$46.9M	$18.7M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.713	−0.010%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.582	−0.149%	$7.3M	$10.9M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.649	−0.078%	$28.7M	$56.6M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.675	−0.050%	$7.6M	$47.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.596	−0.134%	$343K	$1.0M	50x	as long as short
StandX HYPE-USDshort	+0.0100%	1h	93.626	−0.102%	$670K	$2.9M	20x
Vest HYPE-PERP	+0.0100%	1h	93.731	+0.009%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.728	+0.006%	$491K	$2.7M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.517	−0.219%	$79K	$166K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	93.521	−0.215%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.494	−0.243%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.530	−0.205%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.670	−0.055%	$1.4M	$6.4M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.680	−0.045%	$18.2M	$43.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.539	−0.195%	$395K	$161K	20x	as long as short
Kalshi KXHYPEPERP	+0.0120%	8h	93.569	−0.163%	$1.8M	$5.6M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0122%	1h	93.440	−0.301%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	93.560	−0.173%	$4.8M	$5.6M	50x	as long as short
Reya HYPERUSDPERP	+0.0268%	1h	93.697	−0.027%	$80K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0332% / S −0.0154%	1h	93.724	+0.003%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.529	−0.206%	$16.9M	$11.9M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0340%	1h	93.613	−0.117%	$20.9M	$29.6M	50x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0434%	1h	93.635	−0.093%	$7.5M	$4.0M	50x	as long as short
RISEx HYPE/USDC	+0.0527%	1h	93.788	+0.071%	$3.2M	$6.3M	20x	as long as short