HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0012%/8h= −1.3% APRnext payment −$0.02 per $10,000 · paid last 24h +0.005%

Price spread now: Popdex against Vest−0.067%7-day average +0.003% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Vest Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.117%+$12 on $10k

Price spread, last 4 days (all we have)−0.114%−$11 · spread now −0.067%, 7d avg +0.003%

Together, before fees+0.003%+ Points / potential airdropVest: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Popdex is 0.070% cheaper against Vest than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.003%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.117%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest HYPE-PERP	92.866	0.0100	pay 0.0013% / 1h	44m 53s	—	$243K	5x
Short	Popdex HYPEUSDT	92.804	0.0088	get 0.0011% / 1h	44m 53s	$70K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against Vest. 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 VestbpFee PopdexbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$2.52
Price spread: −0.067% → +0.003%: −$6.99
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$17.91
Costs to cover: 0.084%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Popdex: live order book, 4 min ago. Net counts fees only.

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 Vest no order-book sample	—	—	—	—	—
Sell Popdex live order book, 4 min ago	0.64 bp	3.9 bp −$4	4.5 bp −$45	24.1 bp −$2,414	doesn't fit

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0904%	1h	92.783	−0.090%	$193K	$229K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0262%	1h	92.888	+0.024%	$22K	$21K	10x	as long as short
Arcus HYPE-USD	−0.0194%	1h	92.774	−0.099%	$1.1M	$3.9M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	92.917	+0.054%	$3K	$331	25x	as long as short
Orderly PERP_HYPE_USDC	−0.0062%	4h	92.859	−0.008%	$158K	$665K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	92.854	−0.013%	$127K	$29K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	92.906	+0.043%	$1.8M	$5.4M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	92.845	−0.023%	$22K	$301K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	92.856	−0.011%	$62K	—	150x	as long as short
Bullet HYPE-USD	+0.0006%	1h	92.778	−0.095%	$112K	$578K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate HYPE_USDT	+0.0008%	4h	92.848	−0.020%	$44.7M	$53.8M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0019%	1h	92.820	−0.050%	$698K	$1.1M	10x	as long as short
Phoenix HYPE	+0.0026%	1h	92.899	+0.035%	$210K	$1.2M	10x	as long as short
Bybit HYPEUSDT	+0.0032%	8h	92.842	−0.026%	$316.0M	$282.7M	75x	as long as short
01 Exchange HYPEUSD	+0.0048%	1h	92.837	−0.032%	$87K	$362K	20x	as long as short
Phemex HYPEUSDT	+0.0051%	8h	92.884	+0.019%	$12.5M	$2.7M	50x	as long as short
Bitget HYPEUSDT	+0.0074%	4h	92.847	−0.021%	$224.9M	$99.1M	75x	as long as short
Popdex HYPEUSDTshort	+0.0088%	1h	92.804	−0.067%	$70K	$1.1M	50x
Aster HYPEUSDT	+0.0090%	4h	92.859	−0.008%	$8.7M	$36.1M	300x	as long as short
Lighter HYPE	+0.0096%	1h	92.876	+0.010%	$16.1M	$62.4M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	92.877	+0.011%	$3.1M	$11.6M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	92.824	−0.046%	$339K	$163K	20x	as long as short
edgeX HYPEUSDC	+0.0099%	4h	92.872	+0.006%	$4.9M	$29.6M	30x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	92.800	−0.072%	$39K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	92.805	−0.066%	$7.4M	$45.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	92.898	+0.034%	$2.02B	$665.3M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	92.822	−0.048%	$10.0M	$15.2M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	92.858	−0.009%	$373.4M	$904.2M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	92.856	−0.011%	$113.9M	$304.4M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	92.942	+0.081%	$202K	$13K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	92.858	−0.009%	$87.3M	$80.1M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	92.867	+0.001%	$46.0M	$18.4M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	92.860	−0.007%	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	92.880	+0.015%	$7.3M	$11.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	92.879	+0.013%	$28.6M	$57.4M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	92.944	+0.083%	$7.5M	$46.6M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	92.852	−0.016%	$350K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	92.859	−0.008%	$667K	$2.8M	20x	as long as short
Vest HYPE-PERPlong	+0.0100%	1h	92.866	long leg	—	$243K	5x
Polymarket Perps HYPE-USD	+0.0100%	1h	92.839	−0.030%	$468K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	92.849	−0.019%	$79K	$167K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	92.829	−0.040%	$16.1M	$7.5M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	92.805	−0.066%	$31K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	92.868	+0.002%	$2.0M	$2.0M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	92.832	−0.037%	$18.0M	$43.6M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	92.870	+0.004%	$393K	$164K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	92.880	+0.015%	$4.7M	$5.6M	50x	as long as short
HTX HYPE-USDT	+0.0164%	4h	93.064	+0.213%	$1.4M	$6.3M	75x	as long as short
Kraken Futures PF_HYPEUSD	+0.0197%	1h	92.930	+0.069%	$20.6M	$30.5M	50x	as long as short
Injective HYPE/USDC PERP	+0.0242%	1h	92.740	−0.136%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0264%	1h	92.794	−0.078%	$79K	$131K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0154%	1h	92.820	−0.050%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	92.796	−0.076%	$16.7M	$11.6M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0407%	1h	92.954	+0.094%	$7.5M	$4.5M	50x	as long as short
RISEx HYPE/USDC	+0.0598%	1h	92.871	+0.004%	$3.1M	$6.4M	20x	as long as short