Funding you earn now, next payment 05:00 UTC+0.0093%/8h= +10.1% APRnext payment +$0.12 per $10,000 · paid last 24h +0.030%
Price spread now: Kraken Futures against Extended+0.106%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$250.253% of the position
Funding, last 7 days+0.088%+$9 on $10k
+Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.106%, 7d avg +0.080%
=Together, before fees−0.023%+ Points / potential airdropExtended: Active · farm board−$2 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 0.026% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.080%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended HYPE-USD | 92.949 | 0.0104 | pay 0.0013% / 1h | 31m 09s | $18.0M | $43.6M | 50x |
| Short | Kraken Futures PF_HYPEUSD | 93.048 | 0.0197 | get 0.0025% / 1h | 31m 09s | $20.6M | $30.5M | 50x |
Extended HYPE-USD
Kraken Futures PF_HYPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- $19.45
- Price spread: +0.106% → +0.080%
- $2.65
- Slippage, 4 orders
- −$10.31
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$3.21
- Costs to cover
- 0.253%
- Break-even
- 8.2 days
Slippage from Extended: live order book, 3 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Extended live order book, 3 min ago | 0.05 bp | 2.6 bp −$3 | 5.7 bp −$57 | 26.3 bp −$2,626 | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 0.65 bp | 12.0 bp −$12 | 15.0 bp −$150 | 21.1 bp −$2,108 | 57.4 bp −$28.7K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1472% | 1h | 92.689 | −0.281% | $193K | $230K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0296% | 1h | 92.878 | −0.076% | $22K | $21K | 10x | as long as short |
| Arcus HYPE-USD | −0.0194% | 1h | 92.935 | −0.015% | $1.1M | $3.9M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.894 | −0.059% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0062% | 4h | 92.950 | +0.001% | $145K | $681K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.901 | −0.052% | $127K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.984 | +0.037% | $22K | $298K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.007 | +0.062% | $62K | — | 150x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 92.857 | −0.099% | $210K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0033% | 8h | 92.980 | +0.033% | $316.0M | $282.5M | 75x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Phoenix HYPE
Bybit HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bullet HYPE-USD | +0.0042% | 1h | 92.980 | +0.033% | $111K | $577K | 20x | as long as short |
| Phemex HYPEUSDT | +0.0044% | 8h | 92.998 | +0.052% | $12.6M | $2.7M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0048% | 1h | 92.860 | −0.096% | $699K | $1.1M | 10x | as long as short |
| 01 Exchange HYPEUSD | +0.0048% | 1h | 93.001 | +0.056% | $86K | $362K | 20x | as long as short |
| Bitget HYPEUSDT | +0.0056% | 4h | 92.980 | +0.033% | $225.2M | $99.2M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0072% | 1h | 92.988 | +0.042% | $70K | $1.1M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0094% | 4h | 92.814 | −0.146% | $4.9M | $29.6M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.001 | +0.056% | $16.0M | $62.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.000 | +0.055% | $3.1M | $11.6M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 92.922 | −0.030% | $339K | $163K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.950 | +0.001% | $34K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.915 | −0.037% | $7.4M | $46.0M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.020 | +0.076% | $2.03B | $666.5M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 92.985 | +0.038% | $8.7M | $36.1M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.955 | +0.006% | $10.0M | $15.2M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.987 | +0.041% | $373.9M | $905.7M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 92.979 | +0.032% | $114.0M | $304.8M | 50x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 92.967 | +0.019% | $45.1M | $54.1M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.997 | +0.051% | $89.3M | $80.6M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.964 | +0.016% | $46.1M | $18.4M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 92.992 | +0.046% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.999 | +0.053% | $7.3M | $11.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.959 | +0.010% | $28.6M | $57.4M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.875 | −0.080% | $7.5M | $46.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.853 | −0.104% | $341K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.896 | −0.057% | $668K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.010 | +0.065% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.016 | +0.072% | $471K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.980 | +0.033% | $79K | $167K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 92.963 | +0.014% | $16.0M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.008 | +0.063% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.977 | +0.030% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.770 | −0.193% | $202K | $13K | 10x | as long as short |
| Extended HYPE-USDlong | +0.0104% | 1h | 92.949 | long leg | $18.0M | $43.6M | 50x | |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.976 | +0.029% | $393K | $164K | 20x | as long as short |
| HTX HYPE-USDT | +0.0109% | 4h | 93.108 | +0.171% | $1.4M | $6.3M | 75x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.040 | +0.098% | $4.7M | $5.6M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0164% | 8h | 92.991 | +0.045% | $1.8M | $5.4M | 2.3x | as long as short |
| Kraken Futures PF_HYPEUSDshort | +0.0197% | 1h | 93.048 | +0.106% | $20.6M | $30.5M | 50x | |
| Injective HYPE/USDC PERP | +0.0242% | 1h | 92.810 | −0.150% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0265% | 1h | 92.997 | +0.051% | $79K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0154% | 1h | 93.002 | +0.057% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.983 | +0.036% | $16.8M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0427% | 1h | 93.067 | +0.127% | $7.5M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0598% | 1h | 93.035 | +0.092% | $3.2M | $6.4M | 20x | as long as short |
Bullet HYPE-USD
Phemex HYPEUSDT
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Bitget HYPEUSDT
Popdex HYPEUSDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
BingX HYPE-USDT
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
Bulk HYPE-USD
Aevo HYPE-PERP
HTX HYPE-USDT
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC