Funding you earn now, next payment 12:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h −0.065%
Price spread now: Kalshi against BloFin+0.122%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$330.335% of the position
Funding, last 7 days−0.656%−$66 on $10k
+Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.122%, 7d avg +0.029%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kalshi is 0.093% dearer against BloFin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin HYPE-USDT | 94.606 | 0.0116 | pay 0.0058% / 4h | 48m 19s | $17.5M | $11.5M | 75x |
| Short | Kalshi KXHYPEPERP | 94.721 | 0.0118 | get 0.0118% / 8h | 48m 19s | $1.8M | $5.1M | 2.3x |
BloFin HYPE-USDT
Kalshi KXHYPEPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.46
- Price spread: +0.122% → +0.029%
- $9.26
- Slippage, 4 orders
- −$11.48
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$23.76
- Costs to cover
- 0.335%
- Break-even
- 369.2 days
Slippage from BloFin: live order book, 4 min ago; Kalshi: 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 BloFin live order book, 4 min ago | 1.00 bp | 7.2 bp −$7 | 8.4 bp −$84 | 16.2 bp −$1,620 | doesn't fit |
| Sell Kalshi live order book, 3 min ago | 2.53 bp | 9.3 bp −$9 | 10.6 bp −$106 | 19.0 bp −$1,905 | doesn't fit |
HYPE on 55 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_HYPEUSD | −0.0282% | 1h | 94.869 | +0.278% | $18.3M | $32.6M | 50x | as long as short |
| Phemex HYPEUSDT | −0.0231% | 8h | 94.648 | +0.044% | $12.9M | $2.2M | 50x | as long as short |
| Bluefin HYPE-PERP | −0.0230% | 1h | 94.811 | +0.217% | $79K | $131K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0196% | 1h | 94.770 | +0.173% | $677K | $1.3M | 10x | as long as short |
| Lighter HYPE | −0.0120% | 1h | 94.886 | +0.296% | $16.5M | $55.3M | 20x | as long as short |
| Aster HYPEUSDT | −0.0104% | 4h | 94.764 | +0.167% | $9.0M | $34.6M | 300x | as long as short |
| 01 Exchange HYPEUSD | −0.0104% | 1h | 94.832 | +0.239% | $102K | $351K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.894 | +0.304% | $3K | $421 | 25x | as long as short |
| Gate HYPE_USDT | −0.0076% | 4h | 94.783 | +0.187% | $55.9M | $52.7M | 75x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0075% | 4h | 94.816 | +0.222% | $147K | $643K | 20x | as long as short |
Kraken Futures PF_HYPEUSD
Phemex HYPEUSDT
Bluefin HYPE-PERP
Ondo Perps HYPE-USD.P
Lighter HYPE
Aster HYPEUSDT
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Gate HYPE_USDT
Orderly PERP_HYPE_USDCShow all 55 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International HYPE-PERP-INTX | −0.0064% | 1h | 94.860 | +0.268% | $4.8M | $5.4M | 50x | as long as short |
| OKX HYPE-USDT-SWAP | −0.0044% | 8h | 94.826 | +0.233% | $118.9M | $304.3M | 50x | as long as short |
| Aftermath Perps HYPEUSD | −0.0043% | 1h | 94.921 | +0.333% | $22K | $17K | 10x | as long as short |
| Bitget HYPEUSDT | −0.0028% | 4h | 94.850 | +0.258% | $229.7M | $86.1M | 75x | as long as short |
| Phoenix HYPE | −0.0017% | 1h | 94.778 | +0.182% | $199K | $1.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | −0.0001% | 1h | 94.773 | +0.177% | $323K | $924K | 50x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 94.871 | +0.280% | $128K | $96K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.811 | +0.216% | $24K | $249K | 10x | as long as short |
| Derive HYPE-PERP | +0.0001% | 1h | 94.781 | +0.185% | $16.3M | $7.0M | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 94.836 | +0.243% | $99K | — | 150x | as long as short |
| Bullet HYPE-USD | +0.0003% | 1h | 94.814 | +0.219% | $113K | $585K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0021% | 4h | 94.769 | +0.172% | $5.0M | $28.0M | 30x | as long as short |
| Binance HYPEUSDT | +0.0026% | 4h | 94.796 | +0.201% | $382.2M | $851.6M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0027% | 8h | 94.850 | +0.258% | $320.2M | $263.3M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0028% | 4h | 94.784 | +0.188% | $88.6M | $82.7M | 100x | as long as short |
| BingX HYPE-USDT | +0.0034% | 4h | 94.778 | +0.182% | — | $49.7M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0041% | 1h | 94.662 | +0.059% | $6.8M | $12.3M | 20x | as long as short |
| Lighter RH HYPE | +0.0056% | 1h | 94.874 | +0.283% | $3.2M | $9.9M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0056% | 1h | 94.822 | +0.228% | $273K | $1.0M | 50x | as long as short |
| SoDEX HYPE-USD | +0.0067% | 1h | 94.846 | +0.254% | $2.1M | $335K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0086% | 4h | 94.773 | +0.177% | $47.3M | $17.8M | 75x | as long as short |
| Aevo HYPE-PERP | +0.0088% | 1h | 94.887 | +0.297% | $401K | $125K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0092% | 8h | 94.912 | +0.324% | $339K | $31K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 94.740 | +0.142% | $39K | $1.5M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.785 | +0.189% | $7.2M | $50.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.909 | +0.320% | $2.10B | $643.4M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.915 | +0.326% | $10.2M | $12.8M | 20x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 94.848 | +0.256% | $1.0M | $2.8M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 95.036 | +0.455% | $228K | $20K | 10x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.740 | +0.142% | $30.0M | $52.4M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.770 | +0.173% | $7.7M | $41.1M | 10x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.854 | +0.262% | $690K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.843 | +0.250% | — | $80K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.825 | +0.231% | $491K | $2.4M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.909 | +0.320% | $32K | $1.4M | 20x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 94.751 | +0.153% | $1.4M | $5.3M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.808 | +0.214% | $18.1M | $37.6M | 50x | as long as short |
| BloFin HYPE-USDTlong | +0.0116% | 4h | 94.606 | long leg | $17.5M | $11.5M | 75x | |
| Kalshi KXHYPEPERPshort | +0.0118% | 8h | 94.721 | +0.122% | $1.8M | $5.1M | 2.3x | |
| RISEx HYPE/USDC | +0.0138% | 1h | 94.840 | +0.247% | $3.1M | $5.2M | 20x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0224% | 1h | 94.926 | +0.338% | $7.5M | $4.2M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0268% | 1h | 94.749 | +0.151% | $84K | $90K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0330% / S −0.0155% | 1h | 94.831 | +0.237% | $1.4M | — | 100x | as long as short |
| Hibachi HYPE/USDT-P | +0.1000% | 1h | 94.909 | +0.320% | $214K | $277K | 7x | as long as short |
| Injective HYPE/USDC PERP | +0.1234% | 1h | 95.420 | +0.860% | $31K | $334K | 12x | as long as short |
Coinbase International HYPE-PERP-INTX
OKX HYPE-USDT-SWAP
Aftermath Perps HYPEUSD
Bitget HYPEUSDT
Phoenix HYPE
ApeX Omni HYPEUSDT
dYdX HYPE-USD
Perpl HYPE
Derive HYPE-PERP
gTrade (Gains Network) HYPE/USD
Bullet HYPE-USD
edgeX HYPEUSDC
Binance HYPEUSDT
Bybit HYPEUSDT
MEXC HYPE_USDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Lighter RH HYPE
Popdex HYPEUSDT
SoDEX HYPE-USD
KuCoin HYPEUSDTM
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Arcus HYPE-USD
Bulk HYPE-USD
Variational Omni HYPE
GRVT HYPE_USDT_Perp
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
HTX HYPE-USDT
Extended HYPE-USD
RISEx HYPE/USDC
Deribit HYPE_USDC-PERPETUAL
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
Hibachi HYPE/USDT-P
Injective HYPE/USDC PERP