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Funding arb · Price arb /

HYPE

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 23:00 UTC+0.0462%/8h= +50.6% APRpaid last 24h +0.011%
Price spread now: Kraken Futures against Aster+0.117%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$260.261% of the position
Long on AsterShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days+0.095%+$10 on $10k
Price spread, last 3 days (all we have)−0.166%−$17 · spread now +0.117%, 7d avg +0.045%
Together, before fees−0.071%+ Points / potential airdropAster: Stage 5 · farm board−$7 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 Aster than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.045%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.095% in total (about 5.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster HYPEUSDT93.2790.0003pay 0.0001% / 4h1h 11m$8.9M$35.8M300x
ShortKraken Futures PF_HYPEUSD93.3880.0465get 0.0058% / 1h11m 04s$20.9M$28.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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

Funding earned
$97.1
Price spread: +0.117% → +0.045%
$7.21
Slippage, 4 orders
−$8.07
Fee Aster: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$78.23
Costs to cover
0.261%
Break-even
1.4 days
Slippage from Aster: live order book, 3 min ago; Kraken Futures: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 3 min ago0.59 bp4.6 bp −$54.9 bp −$4910.6 bp −$1,058doesn't fit
Sell Kraken Futures live order book, 3 min ago1.18 bp6.3 bp −$67.3 bp −$7313.3 bp −$1,33258.2 bp −$29.1K

HYPE on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps HYPEUSD−0.0451%1h93.227−0.056%$22K$22K10xas long as short
Hibachi HYPE/USDT-P−0.0384%1h93.322+0.046%$197K$230K7xas long as short
Arcus HYPE-USD−0.0131%1h93.196−0.089%$1.2M$3.9M10xas long as short
Ondo Perps HYPE-USD.P−0.0123%1h93.190−0.095%$699K$912K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.287+0.009%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0024%1h93.262−0.018%$90K$359K20xas long as short
dYdX HYPE-USD0.0000%1h93.308+0.031%$127K$32K5xas long as short
Popdex HYPEUSDT0.0000%1h93.244−0.038%$57K$1.2M50xas long as short
Perpl HYPE0.0000%43m93.261−0.020%$23K$330K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.287+0.009%$27K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster HYPEUSDTlong+0.0003%4h93.279long leg$8.9M$35.8M300x
Orderly PERP_HYPE_USDC+0.0018%4h93.293+0.015%$176K$524K20xas long as short
Bybit HYPEUSDT+0.0022%8h93.280+0.001%$323.1M$283.2M75xas long as short
Phoenix HYPE+0.0034%1h93.333+0.058%$214K$1.2M10xas long as short
Bullet HYPE-USD+0.0046%1h93.254−0.027%$112K$578K20xas long as short
Derive HYPE-PERP+0.0050%1h93.245−0.037%$16.3M$7.0M10xas long as short
Gate HYPE_USDT+0.0064%4h93.256−0.025%$44.0M$58.7M75xas long as short
Binance HYPEUSDT+0.0065%4h93.282+0.003%$382.9M$889.4M75xas long as short
MEXC HYPE_USDT+0.0066%4h93.282+0.003%$90.2M$82.3M100xas long as short
edgeX HYPEUSDC+0.0080%4h93.297+0.019%$5.1M$29.6M30xas long as short
Lighter HYPE+0.0096%1h93.335+0.060%$18.6M$59.0M20xas long as short
Lighter RH HYPE+0.0096%1h93.312+0.035%$3.1M$12.2M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.291+0.013%$397K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.282+0.004%$339K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h93.270−0.010%$35K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.285+0.007%$5.9M$44.1M10xas long as short
Hyperliquid HYPE+0.0100%1h93.302+0.025%$2.03B$669.9M10xas long as short
Pacifica HYPE+0.0100%1h93.292+0.014%$10.0M$14.4M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.276−0.003%$114.2M$313.1M50xas long as short
Bulk HYPE-USD+0.0100%1h93.232−0.050%$204K$8K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.296+0.018%$47.0M$18.7M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.294+0.016%$226.3M$102.8M75xas long as short
BingX HYPE-USDT+0.0100%4h93.273−0.006%—$53.7M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.289+0.011%$7.8M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.203−0.081%$29.0M$50.5M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.339+0.064%$7.5M$45.7M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.280+0.001%$415K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.317+0.041%$675K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.300+0.022%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.272−0.008%$493K$2.5M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.285+0.006%$75K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.301+0.024%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.277−0.002%$2.0M$2.0M10xas long as short
Phemex HYPEUSDT+0.0100%8h93.299+0.021%$12.7M$2.6M50xas long as short
Extended HYPE-USD+0.0104%1h93.262−0.018%$18.2M$41.7M50xas long as short
Kalshi KXHYPEPERP+0.0118%8h93.346+0.072%$1.9M$5.2M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.440+0.173%$4.9M$5.7M50xas long as short
HTX HYPE-USDT+0.0225%4h93.410+0.140%$1.5M$7.7M75xas long as short
Injective HYPE/USDC PERP+0.0239%1h93.210−0.074%$30K$338K12xas long as short
Reya HYPERUSDPERP+0.0247%1h93.235−0.047%$77K$159K15xas long as short
BloFin HYPE-USDT+0.0260%4h93.271−0.009%$16.8M$12.4M75xas long as short
RISEx HYPE/USDC+0.0280%1h93.308+0.031%$2.7M$6.8M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0165%1h93.282+0.004%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0350%1h93.371+0.099%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSDshort+0.0465%1h93.388+0.117%$20.9M$28.9M50x