HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Popdex against StandX+0.009%7-day average +0.006% · 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−$17as in the Price arb table

costs, in and out, $10k−$170.175% of the position

Long on StandX Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.007%−$1 on $10k

Price spread, last 7 days−0.022%−$2 · spread now +0.009%, 7d avg +0.006%

Together, before fees−0.030%+ Points / potential airdropStandX: Active · farm board−$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX HYPE-USD	92.701	0.0100	pay 0.0013% / 1h	16m 31s	$666K	$2.7M	20x
Short	Popdex HYPEUSDT	92.709	0.0096	get 0.0012% / 1h	16m 31s	$69K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against StandX. 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 StandXbpFee PopdexbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$0.84
Price spread: +0.009% → +0.006%: $0.3
Slippage, 4 orders: −$3.05
Fee StandX: 4 bp × 2 orders: −$8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$17.99
Costs to cover: 0.175%
Break-even: never at this rate

Slippage from StandX: live order book, 2 min ago; Popdex: live order book, 3 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 StandX live order book, 2 min ago	1.35 bp	5.3 bp −$5	5.6 bp −$56	12.2 bp −$1,217	doesn't fit
Sell Popdex live order book, 3 min ago	0.11 bp	3.4 bp −$3	4.5 bp −$45	19.3 bp −$1,932	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	92.663	−0.041%	$1.1M	$3.9M	10x	as long as short
Hibachi HYPE/USDT-P	−0.0256%	1h	92.657	−0.047%	$194K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0246%	1h	92.707	+0.006%	$22K	$21K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.724	+0.025%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0065%	4h	92.703	+0.002%	$157K	$666K	20x	as long as short
01 Exchange HYPEUSD	−0.0016%	1h	92.740	+0.042%	$86K	$361K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.770	+0.075%	$127K	$31K	5x	as long as short
Perpl HYPE	0.0000%	43m	92.707	+0.007%	$22K	$304K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.725	+0.026%	$62K	—	150x	as long as short
Phemex HYPEUSDT	+0.0025%	8h	92.731	+0.032%	$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
Ondo Perps HYPE-USD.P	+0.0033%	1h	92.660	−0.044%	$697K	$1.1M	10x	as long as short
BingX HYPE-USDT	+0.0038%	4h	92.702	+0.001%	—	$53.4M	—	as long as short
Bullet HYPE-USD	+0.0041%	1h	92.678	−0.025%	$110K	$578K	20x	as long as short
Phoenix HYPE	+0.0043%	1h	92.817	+0.125%	$210K	$1.2M	10x	as long as short
Aster HYPEUSDT	+0.0044%	4h	92.714	+0.014%	$8.7M	$36.2M	300x	as long as short
Bybit HYPEUSDT	+0.0045%	8h	92.700	−0.001%	$316.5M	$281.3M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0090%	8h	92.710	+0.010%	$113.6M	$303.7M	50x	as long as short
Gate HYPE_USDT	+0.0090%	4h	92.700	−0.001%	$44.5M	$55.3M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0094%	8h	92.737	+0.039%	$338K	$163K	20x	as long as short
Lighter HYPE	+0.0096%	1h	92.729	+0.030%	$16.0M	$62.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.727	+0.028%	$3.1M	$11.7M	20x	as long as short
Popdex HYPEUSDTshort	+0.0096%	1h	92.709	+0.009%	$69K	$1.1M	50x
Katana Perps HYPE-USD	+0.0099%	8h	92.710	+0.010%	$38K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.709	+0.008%	$7.1M	$45.3M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.761	+0.065%	$2.02B	$663.6M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.741	+0.043%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.713	+0.013%	$372.4M	$902.7M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.690	−0.012%	$87.4M	$80.8M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.710	+0.010%	$45.9M	$18.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	92.713	+0.013%	$224.4M	$98.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.728	+0.029%	$7.3M	$11.1M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.688	−0.014%	$28.6M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.808	+0.116%	$7.5M	$46.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.760	+0.064%	$350K	$1.0M	50x	as long as short
StandX HYPE-USDlong	+0.0100%	1h	92.701	long leg	$666K	$2.7M	20x
Vest HYPE-PERP	+0.0100%	1h	92.769	+0.074%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	92.729	+0.030%	$469K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.717	+0.017%	$78K	$170K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.718	+0.019%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.733	+0.035%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.733	+0.035%	$2.0M	$2.0M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	92.896	+0.210%	$1.4M	$6.2M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.701	0.000%	$202K	$13K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.683	−0.019%	$18.1M	$43.4M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.733	+0.034%	$392K	$164K	20x	as long as short
edgeX HYPEUSDC	+0.0110%	4h	92.754	+0.057%	$5.0M	$29.6M	30x	as long as short
Injective HYPE/USDC PERP	+0.0150%	1h	93.000	+0.323%	$30K	$339K	12x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0160%	1h	92.750	+0.053%	$4.7M	$5.5M	50x	as long as short
Kalshi KXHYPEPERP	+0.0237%	8h	92.792	+0.098%	$1.8M	$5.4M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0262%	1h	92.703	+0.002%	$79K	$132K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	92.744	+0.047%	$1.4M	—	100x	as long as short
Kraken Futures PF_HYPEUSD	+0.0332%	1h	92.797	+0.103%	$20.6M	$30.5M	50x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.733	+0.035%	$16.7M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0375%	1h	92.824	+0.133%	$7.5M	$4.4M	50x	as long as short
RISEx HYPE/USDC	+0.0687%	1h	92.778	+0.083%	$3.2M	$6.4M	20x	as long as short