Funding you earn now, next payment 04:00 UTC+0.0225%/8h= +24.6% APRpaid last 24h +0.032%
Price spread now: Kraken Futures against edgeX+0.148%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$280.282% of the position
Funding, last 7 days+0.099%+$10 on $10k
+Price spread, last 4 days (all we have)−0.229%−$23 · spread now +0.148%, 7d avg +0.041%
=Together, before fees−0.130%+ Points / potential airdropedgeX: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Kraken Futures is 0.107% dearer against edgeX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.041%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.099% in total (about 5.2% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX HYPEUSDC | 92.611 | 0.0107 | pay 0.0053% / 4h | 25m 05s | $5.0M | $29.5M | 30x |
| Short | Kraken Futures PF_HYPEUSD | 92.748 | 0.0332 | get 0.0041% / 1h | 25m 05s | $20.6M | $30.5M | 50x |
edgeX HYPEUSDC
Kraken Futures PF_HYPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against edgeX. 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
- $47.24
- Price spread: +0.148% → +0.041%
- $10.67
- Slippage, 4 orders
- −$9.22
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $29.69
- Costs to cover
- 0.282%
- Break-even
- 2.6 days
Slippage from edgeX: live order book, 4 min ago; Kraken Futures: live order book, 4 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 edgeX live order book, 4 min ago | 0.32 bp | 4.8 bp −$5 | 5.1 bp −$51 | 168.7 bp −$16.9K | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 1.89 bp | 7.7 bp −$8 | 11.6 bp −$116 | 18.9 bp −$1,886 | 56.2 bp −$28.1K |
HYPE on 55 venues
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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus HYPE-USD | −0.0948% | 1h | 92.574 | −0.040% | $1.1M | $3.9M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0264% | 1h | 92.630 | +0.020% | $194K | $229K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0213% | 1h | 92.594 | −0.019% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.610 | −0.001% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0065% | 4h | 92.670 | +0.063% | $157K | $666K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0032% | 1h | 92.699 | +0.095% | $87K | $359K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.674 | +0.068% | $127K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.692 | +0.087% | $22K | $307K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.718 | +0.115% | $62K | — | 150x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0022% | 1h | 92.640 | +0.031% | $697K | $1.1M | 10x | as long as short |
Arcus HYPE-USD
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Ondo Perps HYPE-USD.PShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex HYPEUSDT | +0.0024% | 8h | 92.693 | +0.088% | $12.5M | $2.7M | 50x | as long as short |
| Bullet HYPE-USD | +0.0028% | 1h | 92.680 | +0.074% | $110K | $578K | 20x | as long as short |
| Aster HYPEUSDT | +0.0033% | 4h | 92.664 | +0.057% | $8.7M | $36.3M | 300x | as long as short |
| BingX HYPE-USDT | +0.0040% | 4h | 92.667 | +0.060% | — | $53.4M | — | as long as short |
| Phoenix HYPE | +0.0043% | 1h | 92.652 | +0.044% | $210K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0051% | 8h | 92.660 | +0.053% | $316.4M | $281.9M | 75x | as long as short |
| Gate HYPE_USDT | +0.0080% | 4h | 92.660 | +0.053% | $44.5M | $55.2M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0085% | 8h | 92.665 | +0.058% | $113.5M | $304.3M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0093% | 8h | 92.674 | +0.068% | $339K | $163K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.680 | +0.074% | $16.0M | $62.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.682 | +0.076% | $3.1M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 92.672 | +0.066% | $69K | $1.1M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.600 | −0.012% | $38K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.629 | +0.020% | $6.4M | $44.8M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.690 | +0.085% | $2.02B | $666.7M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.684 | +0.079% | $10.0M | $15.1M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.665 | +0.058% | $371.9M | $903.9M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.298 | −0.338% | $201K | $13K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.680 | +0.074% | $87.5M | $80.8M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.667 | +0.060% | $46.0M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.657 | +0.049% | $224.6M | $98.3M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.660 | +0.053% | $7.3M | $11.1M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.628 | +0.018% | $28.5M | $57.5M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.667 | +0.060% | $7.5M | $46.5M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.687 | +0.082% | $349K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.632 | +0.022% | $663K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.718 | +0.115% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.685 | +0.080% | $465K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.667 | +0.060% | $78K | $170K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 92.670 | +0.063% | $16.1M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.639 | +0.030% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.681 | +0.075% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 92.837 | +0.244% | $1.4M | $6.2M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.656 | +0.048% | $18.1M | $43.5M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.695 | +0.090% | $392K | $164K | 20x | as long as short |
| edgeX HYPEUSDClong | +0.0107% | 4h | 92.611 | long leg | $5.0M | $29.5M | 30x | |
| Injective HYPE/USDC PERP | +0.0150% | 1h | 92.590 | −0.023% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0160% | 1h | 92.710 | +0.107% | $4.7M | $5.5M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0244% | 8h | 92.727 | +0.125% | $1.8M | $5.4M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0262% | 1h | 92.693 | +0.088% | $79K | $137K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0330% / S −0.0154% | 1h | 92.702 | +0.098% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSDshort | +0.0332% | 1h | 92.748 | +0.148% | $20.6M | $30.5M | 50x | |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.668 | +0.061% | $16.6M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0408% | 1h | 92.775 | +0.177% | $7.5M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0687% | 1h | 92.704 | +0.101% | $3.1M | $6.4M | 20x | as long as short |
Phemex HYPEUSDT
Bullet HYPE-USD
Aster HYPEUSDT
BingX HYPE-USDT
Phoenix HYPE
Bybit HYPEUSDT
Gate HYPE_USDT
OKX HYPE-USDT-SWAP
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC