Settings8H · net · $10k
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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 05:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.031%
Price spread now: Kraken Futures against Bulk+0.182%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$280.281% of the position
Long on BulkShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.061%+$6 on $10k
Price spread, last 4 days (all we have)−0.218%−$22 · spread now +0.182%, 7d avg −0.004%
Together, before fees−0.157%−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.186% dearer against Bulk than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk HYPE-USD93.1250.0100pay 0.0013% / 1h8m 05s$203K$3K10x
ShortKraken Futures PF_HYPEUSD93.2940.0196get 0.0025% / 1h8m 05s$20.8M$29.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bulk. 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
$20.18
Price spread: +0.182% → −0.004%
$18.58
Slippage, 4 orders
−$11.07
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$10.69
Costs to cover
0.281%
Break-even
3.3 days
Slippage from Bulk: live order book, 46 min ago; Kraken Futures: live order book, 1 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 Bulk live order book, 46 min ago0.54 bp4.8 bp −$57.2 bp −$7213.2 bp −$1,32241.1 bp −$20.6K
Sell Kraken Futures live order book, 1 min ago1.66 bp9.9 bp −$1012.9 bp −$12918.4 bp −$1,83658.7 bp −$29.3K

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
Hibachi HYPE/USDT-P−0.1824%1h92.940−0.198%$194K$230K7xas long as short
Aftermath Perps HYPEUSD−0.0317%1h93.073−0.056%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h93.086−0.042%$1.1M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.022−0.111%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0050%4h93.179+0.058%$146K$670K20xas long as short
Bullet HYPE-USD−0.0005%1h93.162+0.040%$111K$578K20xas long as short
dYdX HYPE-USD0.0000%1h93.076−0.053%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.202+0.083%$22K$293K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.228+0.110%$62K—150xas long as short
Ondo Perps HYPE-USD.P+0.0002%1h93.050−0.081%$700K$1.1M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange HYPEUSD+0.0016%1h93.155+0.032%$87K$365K20xas long as short
Phoenix HYPE+0.0026%1h93.132+0.008%$209K$1.2M10xas long as short
Bybit HYPEUSDT+0.0030%8h93.216+0.098%$317.7M$284.4M75xas long as short
Bitget HYPEUSDT+0.0032%4h93.236+0.119%$225.5M$98.8M75xas long as short
Phemex HYPEUSDT+0.0032%8h93.177+0.056%$12.6M$2.7M50xas long as short
Popdex HYPEUSDT+0.0056%1h93.129+0.004%$76K$1.1M50xas long as short
Gate HYPE_USDT+0.0080%4h93.237+0.120%$45.6M$54.9M75xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.139+0.015%$339K$162K20xas long as short
Lighter HYPE+0.0096%1h93.225+0.108%$16.1M$62.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.231+0.114%$3.1M$11.7M20xas long as short
edgeX HYPEUSDC+0.0099%4h93.100−0.027%$4.9M$29.7M30xas long as short
Katana Perps HYPE-USD+0.0099%8h93.090−0.038%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.138+0.014%$6.8M$46.4M10xas long as short
Hyperliquid HYPE+0.0100%1h93.286+0.173%$2.03B$664.4M10xas long as short
Aster HYPEUSDT+0.0100%4h93.206+0.087%$8.7M$36.3M300xas long as short
Pacifica HYPE+0.0100%1h93.127+0.002%$10.0M$15.3M20xas long as short
Binance HYPEUSDT+0.0100%4h93.225+0.107%$374.1M$909.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.253+0.137%$114.3M$305.9M50xas long as short
Bulk HYPE-USDlong+0.0100%1h93.125long leg$203K$3K10x
MEXC HYPE_USDT+0.0100%4h93.244+0.128%$92.0M$81.5M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.211+0.092%$46.2M$18.5M75xas long as short
BingX HYPE-USDT+0.0100%4h93.217+0.099%—$53.8M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.275+0.161%$7.3M$11.0M20xas long as short
Variational Omni HYPE+0.0100%8h93.028−0.104%$28.6M$56.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.156+0.034%$7.5M$46.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.126+0.001%$342K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.110−0.016%$665K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.179+0.058%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.168+0.046%$488K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.236+0.119%$79K$167K20xas long as short
Derive HYPE-PERP+0.0100%1h93.207+0.088%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.257+0.142%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.217+0.099%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h93.300+0.188%$1.4M$6.3M75xas long as short
Extended HYPE-USD+0.0104%1h93.192+0.072%$18.1M$43.5M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.238+0.122%$394K$164K20xas long as short
Kalshi KXHYPEPERP+0.0121%8h93.319+0.208%$1.8M$5.5M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.230+0.113%$4.7M$5.6M50xas long as short
Kraken Futures PF_HYPEUSDshort+0.0196%1h93.294+0.182%$20.8M$29.4M50x
Injective HYPE/USDC PERP+0.0242%1h93.020−0.113%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0266%1h93.184+0.064%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.218+0.100%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.029−0.103%$16.8M$11.8M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0522%1h93.313+0.202%$7.5M$4.5M50xas long as short
RISEx HYPE/USDC+0.0598%1h93.183+0.062%$3.2M$6.2M20xas long as short