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 04:00 UTC+0.0136%/8h= +14.8% APRpaid last 24h −0.024%
Price spread now: Kalshi against edgeX+0.091%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$300.301% of the position
Long on edgeXShort on Kalshi
What this pair did over the last
the charts below follow
Funding, last 7 days−0.195%−$20 on $10k
Price spread, last 7 days+0.049%+$5 · spread now +0.091%, 7d avg +0.041%
Together, before fees−0.146%+ Points / potential airdropedgeX: Active · farm board−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kalshi is 0.050% dearer against edgeX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.041%. Mind the row above: over the last 7 days funding on this pair cost −0.195%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX HYPEUSDC94.0340.0057pay 0.0028% / 4h3h 38m$5.1M$29.8M30x
ShortKalshi KXHYPEPERP94.1190.0193get 0.0193% / 8h3h 38m$1.9M$5.1M2.3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kalshi against edgeX. 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
$28.47
Price spread: +0.091% → +0.041%
$5.01
Slippage, 4 orders
−$11.12
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Kalshi: 5 bp × 2 orders
−$10
Net
$3.37
Costs to cover
0.301%
Break-even
6.2 days
Slippage from edgeX: live order book, 1 min ago; Kalshi: live order book, 5 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 edgeX live order book, 1 min ago0.37 bp4.9 bp −$55.1 bp −$5198.5 bp −$9,847doesn't fit
Sell Kalshi live order book, 5 min ago3.40 bp11.9 bp −$1213.5 bp −$13521.3 bp −$2,134doesn't fit

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−0.1472%1h93.931−0.109%$199K$228K7xas long as short
Arcus HYPE-USD−0.0625%1h94.078+0.047%$1.2M$3.8M10xas long as short
Aftermath Perps HYPEUSD−0.0270%1h94.044+0.011%$22K$23K10xas long as short
Phemex HYPEUSDT−0.0194%8h94.071+0.040%$12.8M$2.6M50xas long as short
dYdX HYPE-USD−0.0193%1h94.163+0.138%$128K$29K5xas long as short
Ondo Perps HYPE-USD.P−0.0166%1h93.990−0.046%$705K$935K10xas long as short
Bullet HYPE-USD−0.0083%1h94.194+0.171%$112K$580K20xas long as short
01 Exchange HYPEUSD−0.0080%1h94.237+0.216%$86K$361K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.032−0.002%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0012%4h94.205+0.182%$170K$592K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate HYPE_USDT−0.0012%4h94.203+0.180%$44.5M$59.4M75xas long as short
Bybit HYPEUSDT−0.0010%8h94.182+0.158%$323.7M$281.0M75xas long as short
Perpl HYPE0.0000%43m94.227+0.206%$23K$327K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h94.232+0.211%$27K—150xas long as short
Aster HYPEUSDT+0.0017%4h94.192+0.168%$8.9M$36.1M300xas long as short
Phoenix HYPE+0.0034%1h94.122+0.094%$219K$1.2M10xas long as short
MEXC HYPE_USDT+0.0044%4h94.220+0.198%$88.8M$82.3M100xas long as short
Derive HYPE-PERP+0.0045%1h94.175+0.150%$16.4M$7.3M10xas long as short
Binance HYPEUSDT+0.0046%4h94.208+0.185%$384.6M$892.9M75xas long as short
Bluefin HYPE-PERP+0.0051%1h94.215+0.193%$76K$171K20xas long as short
edgeX HYPEUSDClong+0.0057%4h94.034long leg$5.1M$29.8M30x
OKX HYPE-USDT-SWAP+0.0081%8h94.221+0.199%$116.2M$319.6M50xas long as short
Popdex HYPEUSDT+0.0088%1h94.219+0.197%$64K$1.2M50xas long as short
Lighter HYPE+0.0096%1h94.184+0.159%$19.0M$58.5M20xas long as short
Lighter RH HYPE+0.0096%1h94.168+0.143%$3.1M$12.0M20xas long as short
Aevo HYPE-PERP+0.0096%1h94.206+0.183%$401K$193K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h94.226+0.204%$342K$170K20xas long as short
Katana Perps HYPE-USD+0.0100%8h94.210+0.188%$24K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h94.221+0.200%$6.7M$44.7M10xas long as short
Hyperliquid HYPE+0.0100%1h94.298+0.281%$2.05B$674.1M10xas long as short
Pacifica HYPE+0.0100%1h94.186+0.162%$10.2M$14.6M20xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.229+0.208%$46.7M$18.2M75xas long as short
Bitget HYPEUSDT+0.0100%4h94.252+0.232%$228.6M$101.0M75xas long as short
BingX HYPE-USDT+0.0100%4h94.197+0.174%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.038+0.005%$7.7M$10.4M20xas long as short
Variational Omni HYPE+0.0100%8h94.010−0.025%$31.6M$53.9M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.030−0.004%$7.6M$45.7M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.016−0.019%$340K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h94.047+0.014%$680K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h94.183+0.159%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.216+0.194%$481K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h94.111+0.082%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h94.011−0.024%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h94.120+0.092%$205K$4K10xas long as short
Extended HYPE-USD+0.0104%1h94.202+0.179%$19.0M$43.7M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h94.170+0.145%$4.9M$5.5M50xas long as short
BloFin HYPE-USDT+0.0181%4h94.032−0.002%$17.0M$12.3M75xas long as short
Kalshi KXHYPEPERPshort+0.0193%8h94.119+0.091%$1.9M$5.1M2.3x
Injective HYPE/USDC PERP+0.0205%1h94.260+0.241%$31K$338K12xas long as short
RISEx HYPE/USDC+0.0222%1h94.234+0.213%$2.8M$6.7M20xas long as short
Reya HYPERUSDPERP+0.0251%1h94.187+0.164%$77K$144K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0339% / S −0.0157%1h94.228+0.206%$1.5M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0356%1h94.112+0.083%$7.5M$4.6M50xas long as short
HTX HYPE-USDT+0.0413%4h94.220+0.198%$1.5M$6.3M75xas long as short
Kraken Futures PF_HYPEUSD+0.0671%1h94.111+0.083%$21.0M$29.7M50xas long as short