HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0944%/8h= +103.4% APRnext payment +$1.18 per $10,000 · paid last 24h +0.013%

Price spread now: Kraken Futures against Aftermath Perps+0.080%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Kraken Futures is 0.080% dearer against Aftermath Perps than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps HYPEUSD	94.036	−0.0273	get 0.0034% / 1h	38m 42s	$22K	$23K	10x
Short	Kraken Futures PF_HYPEUSD	94.111	0.0671	get 0.0084% / 1h	38m 42s	$21.0M	$29.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aftermath Perps. 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 Aftermath PerpsbpFee Kraken FuturesbpOrdersPrice spread, now +0.080%Rate

Funding earned: $198.29
Price spread: +0.080% → 0.000%: $8.04
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $187.34
Costs to cover: 0.190%
Break-even: 0.4 days

Slippage unknown: Aftermath Perps: no order-book sample; Kraken Futures: live order book, 5 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 5 min ago	1.01 bp	8.4 bp −$8	12.5 bp −$125	21.3 bp −$2,130	62.1 bp −$31.1K

Aftermath Perps: 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	−0.1472%	1h	93.969	−0.071%	$199K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	93.949	−0.092%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps HYPEUSDlong	−0.0273%	1h	94.036	long leg	$22K	$23K	10x
Phemex HYPEUSDT	−0.0194%	8h	94.071	+0.037%	$12.8M	$2.6M	50x	as long as short
dYdX HYPE-USD	−0.0193%	1h	94.163	+0.136%	$128K	$29K	5x	as long as short
Ondo Perps HYPE-USD.P	−0.0182%	1h	94.020	−0.017%	$705K	$937K	10x	as long as short
Bullet HYPE-USD	−0.0085%	1h	94.024	−0.013%	$112K	$580K	20x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	94.057	+0.023%	$85K	$361K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.074	+0.041%	$3K	$331	25x	as long as short
Gate HYPE_USDT	−0.0054%	4h	94.110	+0.079%	$44.5M	$59.3M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	−0.0033%	8h	94.170	+0.143%	$323.7M	$281.0M	75x	as long as short
Orderly PERP_HYPE_USDC	−0.0012%	4h	94.035	−0.001%	$170K	$592K	20x	as long as short
Perpl HYPE	0.0000%	43m	94.084	+0.051%	$23K	$327K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.064	+0.030%	$27K	—	150x	as long as short
Aster HYPEUSDT	+0.0017%	4h	94.109	+0.078%	$8.9M	$36.1M	300x	as long as short
Derive HYPE-PERP	+0.0024%	1h	93.986	−0.053%	$16.4M	$7.1M	10x	as long as short
Phoenix HYPE	+0.0034%	1h	94.122	+0.092%	$219K	$1.2M	10x	as long as short
MEXC HYPE_USDT	+0.0044%	4h	94.154	+0.126%	$88.8M	$82.2M	100x	as long as short
Bluefin HYPE-PERP	+0.0045%	1h	94.018	−0.019%	$76K	$170K	20x	as long as short
Binance HYPEUSDT	+0.0046%	4h	94.181	+0.154%	$384.5M	$893.0M	75x	as long as short
edgeX HYPEUSDC	+0.0057%	4h	94.034	−0.002%	$5.1M	$29.8M	30x	as long as short
OKX HYPE-USDT-SWAP	+0.0081%	8h	94.189	+0.163%	$116.1M	$319.4M	50x	as long as short
Popdex HYPEUSDT	+0.0088%	1h	94.029	−0.007%	$64K	$1.2M	50x	as long as short
Lighter HYPE	+0.0096%	1h	94.184	+0.157%	$19.0M	$58.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.168	+0.141%	$3.1M	$12.0M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	94.035	0.000%	$400K	$193K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.226	+0.202%	$342K	$170K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.050	+0.015%	$24K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.044	+0.009%	$6.6M	$44.7M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.207	+0.182%	$2.05B	$673.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.186	+0.160%	$10.2M	$14.6M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.816	−0.234%	$204K	$5K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.126	+0.096%	$46.6M	$18.2M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.131	+0.101%	$228.3M	$101.0M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.116	+0.085%	—	$54.1M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.038	+0.002%	$7.7M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.010	−0.027%	$31.6M	$53.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.030	−0.006%	$7.6M	$45.7M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.016	−0.021%	$340K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.051	+0.016%	$680K	$2.5M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.075	+0.042%	—	$454K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.050	+0.015%	$480K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.111	+0.080%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.011	−0.026%	$2.0M	$2.0M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.170	+0.142%	$19.0M	$43.7M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.170	+0.143%	$4.9M	$5.5M	50x	as long as short
BloFin HYPE-USDT	+0.0181%	4h	94.032	−0.004%	$17.0M	$12.3M	75x	as long as short
Kalshi KXHYPEPERP	+0.0193%	8h	94.119	+0.089%	$1.9M	$5.1M	2.3x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.260	+0.238%	$31K	$338K	12x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	94.083	+0.050%	$2.8M	$6.7M	20x	as long as short
Reya HYPERUSDPERP	+0.0251%	1h	94.030	−0.007%	$79K	$143K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0338% / S −0.0157%	1h	94.061	+0.027%	$1.5M	—	100x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0356%	1h	94.112	+0.081%	$7.5M	$4.6M	50x	as long as short
HTX HYPE-USDT	+0.0413%	4h	94.220	+0.196%	$1.5M	$6.3M	75x	as long as short
Kraken Futures PF_HYPEUSDshort	+0.0671%	1h	94.111	+0.080%	$21.0M	$29.7M	50x