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 06:00 UTC+0.0341%/8h= +37.3% APRnext payment +$0.43 per $10,000 · paid last 24h +0.063%
Price spread now: Kraken Futures against dYdX+0.016%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1031.027% of the position
Long on dYdXShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days+0.254%+$25 on $10k
Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.016%, 7d avg +0.034%
Together, before fees+0.261%+$26 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.034%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX HYPE-USD93.4650get 0.0000% / 1h35m 40s$128K$29K5x
ShortKraken Futures PF_HYPEUSD93.4790.0341get 0.0043% / 1h35m 40s$20.8M$29.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against dYdX. 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
$71.56
Price spread: +0.016% → +0.034%
−$1.85
Slippage, 4 orders
−$82.66
Fee dYdX: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$32.95
Costs to cover
1.027%
Break-even
10.2 days
Slippage from dYdX: live order book, 13 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 dYdX live order book, 13 min ago36.06 bp41.1 bp −$4148.2 bp −$482123.1 bp −$12.3K1048.6 bp −$524.3K
Sell Kraken Futures live order book, 3 min ago2.14 bp9.7 bp −$1012.4 bp −$12420.5 bp −$2,05458.1 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
Hibachi HYPE/USDT-P−0.1664%1h93.244−0.236%$196K$234K7xas long as short
Aftermath Perps HYPEUSD−0.0378%1h93.333−0.140%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.469+0.005%$3K$33125xas long as short
Bullet HYPE-USD−0.0079%1h93.385−0.085%$111K$578K20xas long as short
Orderly PERP_HYPE_USDC−0.0022%4h93.395−0.074%$146K$663K20xas long as short
01 Exchange HYPEUSD−0.0016%1h93.505+0.043%$88K$366K20xas long as short
dYdX HYPE-USDlong0.0000%1h93.465long leg$128K$29K5x
Perpl HYPE0.0000%43m93.433−0.033%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.413−0.055%$62K—150xas long as short
Arcus HYPE-USD+0.0011%1h93.447−0.019%$1.0M$4.0M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget HYPEUSDT+0.0016%4h93.472+0.008%$225.9M$98.9M75xas long as short
Bybit HYPEUSDT+0.0021%8h93.457−0.008%$317.6M$283.7M75xas long as short
Ondo Perps HYPE-USD.P+0.0022%1h93.430−0.037%$702K$1.2M10xas long as short
Phoenix HYPE+0.0026%1h93.305−0.171%$209K$1.2M10xas long as short
Phemex HYPEUSDT+0.0037%8h93.447−0.019%$12.6M$2.7M50xas long as short
edgeX HYPEUSDC+0.0094%4h93.304−0.172%$5.0M$30.0M30xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.500+0.038%$340K$162K20xas long as short
Lighter HYPE+0.0096%1h93.470+0.006%$16.1M$63.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.468+0.004%$3.1M$11.4M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.479+0.015%$76K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.450−0.016%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.369−0.102%$8.0M$48.5M10xas long as short
Hyperliquid HYPE+0.0100%1h93.501+0.039%$2.04B$668.5M10xas long as short
Aster HYPEUSDT+0.0100%4h93.480+0.016%$8.7M$36.5M300xas long as short
Pacifica HYPE+0.0100%1h93.504+0.042%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.490+0.028%$374.6M$913.5M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.483+0.020%$114.7M$309.9M50xas long as short
Gate HYPE_USDT+0.0100%4h93.471+0.007%$46.7M$54.2M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.477+0.013%$90.0M$80.9M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.481+0.018%$46.2M$18.9M75xas long as short
BingX HYPE-USDT+0.0100%4h93.473+0.009%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.484+0.021%$7.3M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.351−0.122%$28.6M$56.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.365−0.106%$7.5M$47.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.132−0.356%$342K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.336−0.138%$668K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.425−0.042%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.406−0.063%$484K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.383−0.087%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.372−0.099%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.385−0.085%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.402−0.067%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.600+0.145%$1.4M$6.5M75xas long as short
Bulk HYPE-USD+0.0100%1h93.344−0.129%$215K$15K10xas long as short
Extended HYPE-USD+0.0104%1h93.453−0.012%$18.1M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.398−0.071%$395K$161K20xas long as short
Kalshi KXHYPEPERP+0.0112%8h93.470+0.006%$1.8M$5.7M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.290−0.187%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.490+0.027%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0268%1h93.376−0.095%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.404−0.065%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.342−0.131%$16.9M$11.9M75xas long as short
Kraken Futures PF_HYPEUSDshort+0.0341%1h93.479+0.016%$20.8M$29.6M50x
Deribit HYPE_USDC-PERPETUAL+0.0424%1h93.487+0.024%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.541+0.082%$3.2M$6.2M20xas long as short