HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0468%/8h= +51.3% APRnext payment +$0.59 per $10,000 · paid last 24h −0.010%

Price spread now: Kraken Futures against Aevo+0.103%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$460.459% of the position

Long on Aevo Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 3 days (all we have)−0.073%−$7 · spread now +0.103%, 7d avg +0.031%

Together, before fees−0.035%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Kraken Futures is 0.072% dearer against Aevo than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.031%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.038% in total (about 2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.59 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo HYPE-PERP	93.611	0.0104	pay 0.0013% / 1h	26m 41s	$398K	$318K	20x
Short	Kraken Futures PF_HYPEUSD	93.707	0.0572	get 0.0072% / 1h	26m 41s	$19.2M	$26.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aevo. 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 AevobpFee Kraken FuturesbpOrdersPrice spread, now +0.103%Rate

Funding earned: $98.32
Price spread: +0.103% → +0.031%: $7.21
Slippage, 4 orders: −$19.92
Fee Aevo: 8 bp × 2 orders: −$16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $59.6
Costs to cover: 0.459%
Break-even: 2.8 days

Slippage from Aevo: live order book, 62 min ago; Kraken Futures: live order book, 2 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 Aevo live order book, 62 min ago	6.65 bp	16.8 bp −$17	18.3 bp −$183	20.3 bp −$2,031	doesn't fit
Sell Kraken Futures live order book, 2 min ago	1.34 bp	6.5 bp −$6	8.6 bp −$86	18.2 bp −$1,823	42.0 bp −$21.0K

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	−0.1016%	1h	93.493	−0.126%	$197K	$233K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0279%	1h	93.540	−0.076%	$22K	$22K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0243%	1h	93.570	−0.043%	$702K	$939K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.557	−0.057%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0072%	1h	93.688	+0.083%	$90K	$349K	20x	as long as short
Bullet HYPE-USD	−0.0037%	1h	93.584	−0.029%	$112K	$583K	20x	as long as short
Derive HYPE-PERP	−0.0009%	1h	93.553	−0.062%	$16.4M	$7.1M	10x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.644	+0.036%	$127K	$32K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.583	−0.030%	$23K	$337K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	93.631	+0.021%	$20K	—	150x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0020%	4h	93.648	+0.040%	$9.0M	$35.8M	300x	as long as short
Gate HYPE_USDT	+0.0032%	4h	93.653	+0.045%	$44.0M	$56.9M	75x	as long as short
Bybit HYPEUSDT	+0.0036%	8h	93.627	+0.017%	$326.1M	$287.0M	75x	as long as short
Orderly PERP_HYPE_USDC	+0.0067%	4h	93.598	−0.014%	$175K	$535K	20x	as long as short
Phoenix HYPE	+0.0068%	1h	93.590	−0.022%	$216K	$1.2M	10x	as long as short
Popdex HYPEUSDT	+0.0072%	1h	93.561	−0.053%	$57K	$1.2M	50x	as long as short
Lighter HYPE	+0.0096%	1h	93.709	+0.105%	$18.6M	$59.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.672	+0.065%	$3.1M	$12.3M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0100%	8h	93.676	+0.070%	$340K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.640	+0.031%	$40K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.559	−0.055%	$6.0M	$44.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.690	+0.085%	$2.04B	$669.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.673	+0.066%	$10.0M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.684	+0.078%	$386.5M	$887.6M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.626	+0.016%	$115.0M	$315.6M	50x	as long as short
Arcus HYPE-USD	+0.0100%	1h	93.613	+0.002%	$1.2M	$4.0M	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.674	+0.068%	$93.7M	$82.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.677	+0.071%	$46.5M	$18.7M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.665	+0.058%	$227.5M	$102.2M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	93.650	+0.042%	—	$54.2M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.644	+0.036%	$7.9M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.541	−0.075%	$28.9M	$49.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.580	−0.033%	$7.5M	$45.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.558	−0.056%	$406K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.586	−0.026%	$677K	$2.4M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.595	−0.017%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.614	+0.004%	$494K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.635	+0.026%	$76K	$168K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.601	−0.010%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.596	−0.016%	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	93.601	−0.010%	$12.8M	$2.6M	50x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.556	−0.058%	$204K	$12K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.624	+0.014%	$18.3M	$41.1M	50x	as long as short
Aevo HYPE-PERPlong	+0.0104%	1h	93.611	long leg	$398K	$318K	20x
edgeX HYPEUSDC	+0.0116%	4h	93.544	−0.072%	$5.1M	$29.6M	30x	as long as short
Kalshi KXHYPEPERP	+0.0127%	8h	93.658	+0.051%	$1.9M	$5.3M	2.3x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0134%	1h	93.693	+0.088%	$7.4M	$4.6M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0208%	1h	93.640	+0.031%	$4.9M	$5.7M	50x	as long as short
Reya HYPERUSDPERP	+0.0245%	1h	93.563	−0.051%	$78K	$158K	15x	as long as short
Injective HYPE/USDC PERP	+0.0285%	1h	93.500	−0.118%	$30K	$291K	12x	as long as short
HTX HYPE-USDT	+0.0318%	4h	93.707	+0.103%	$1.5M	$7.6M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0164%	1h	93.624	+0.014%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.597	−0.015%	$17.1M	$12.5M	75x	as long as short
RISEx HYPE/USDC	+0.0467%	1h	93.702	+0.097%	$2.8M	$6.8M	20x	as long as short
Kraken Futures PF_HYPEUSDshort	+0.0572%	1h	93.707	+0.103%	$19.2M	$26.0M	50x