HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0253%/8h= −27.7% APRnext payment −$0.32 per $10,000 · paid last 24h +0.060%

Price spread now: Kraken Futures against gTrade (Gains Network)+0.085%188s7-day average +0.032% · 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—prices read too far apart to compare

costs, in and out, $10k−$2842.837% of the position

Long on gTrade (Gains Network)Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.188%+$19 on $10k

Price spread, last 4 days (all we have)−0.474%−$47 · spread now +0.085%, 7d avg +0.032%

Together, before fees−0.287%−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.053% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of +0.032%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 17 hours. Mind the row above: over the last 4 days funding on this pair paid +0.188%, so the current rate has only just turned against you. The two prices were read 188 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) HYPE/USD	95.169	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	28m 53s	$114K	—	150x
Short	Kraken Futures PF_HYPEUSD	95.250	−0.0251	pay 0.0031% / 1h	28m 53s	$18.5M	$35.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against gTrade (Gains Network). 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

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee Kraken FuturesbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$53.11
Price spread: +0.085% → +0.032%: $5.33
Slippage, 4 orders: −$263.71
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$331.49
Costs to cover: 2.837%
Break-even: never at this rate

Slippage from gTrade (Gains Network): virtual book (oracle exchange), 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 gTrade (Gains Network) virtual book (oracle exchange), 3 min ago	130.00 bp	135.0 bp −$135	135.0 bp −$1,350	731.2 bp −$73.1K	7341.6 bp −$3.67M
Sell Kraken Futures live order book, 3 min ago	0.89 bp	7.7 bp −$8	13.9 bp −$139	24.0 bp −$2,403	180.4 bp −$90.2K

HYPE on 54 exchanges

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
Phemex HYPEUSDT	−0.0262%	8h	95.173	+0.004%	$13.0M	$2.3M	50x	as long as short
Kraken Futures PF_HYPEUSDshort	−0.0251%	1h	95.250	+0.085%	$18.5M	$35.0M	50x
Hibachi HYPE/USDT-P	−0.0232%	1h	95.274	+0.110%	$218K	$275K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0192%	1h	95.172	+0.004%	$22K	$17K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0146%	1h	95.080	−0.093%	$687K	$1.3M	10x	as long as short
Arcus HYPE-USD	−0.0130%	1h	95.182	+0.014%	$1.0M	$2.4M	10x	as long as short
01 Exchange HYPEUSD	−0.0112%	1h	95.216	+0.050%	$102K	$344K	20x	as long as short
Bullet HYPE-USD	−0.0085%	1h	95.201	+0.034%	$113K	$580K	20x	as long as short
Gate HYPE_USDT	−0.0082%	4h	95.197	+0.030%	$55.3M	$53.6M	75x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.162	−0.007%	$3K	$331	25x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bluefin HYPE-PERP	−0.0064%	1h	95.217	+0.051%	$79K	$134K	20x	as long as short
Aster HYPEUSDT	−0.0061%	4h	95.203	+0.036%	$9.0M	$32.7M	300x	as long as short
Lighter HYPE	−0.0056%	1h	95.220	+0.054%	$16.5M	$58.1M	20x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0056%	1h	95.230	+0.064%	$4.7M	$5.5M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0055%	4h	95.196	+0.029%	$148K	$642K	20x	as long as short
OKX HYPE-USDT-SWAP	−0.0021%	8h	95.199	+0.032%	$119.1M	$303.8M	50x	as long as short
ApeX Omni HYPEUSDT	−0.0017%	1h	95.150	−0.020%	$342K	$901K	50x	as long as short
Phoenix HYPE	−0.0008%	1h	95.062	−0.112%	$202K	$1.1M	10x	as long as short
Bitget HYPEUSDT	−0.0002%	4h	95.204	+0.037%	$228.9M	$85.7M	75x	as long as short
Perpl HYPE	0.0000%	43m	95.214	+0.047%	$24K	$250K	10x	as long as short
Deribit HYPE_USDC-PERPETUAL	0.0000%	1h	95.296	+0.134%	$7.5M	$4.3M	50x	as long as short
gTrade (Gains Network) HYPE/USDlong	L +0.0002% / S −0.0001%	1h	95.169	long leg	$114K	—	150x
Popdex HYPEUSDT	+0.0008%	1h	95.224	+0.058%	$275K	$1.0M	50x	as long as short
Bybit HYPEUSDT	+0.0022%	8h	95.206	+0.039%	$321.9M	$263.6M	75x	as long as short
dYdX HYPE-USD	+0.0038%	1h	95.147	−0.023%	$128K	$94K	5x	as long as short
edgeX HYPEUSDC	+0.0048%	4h	95.101	−0.072%	$5.1M	$28.8M	30x	as long as short
MEXC HYPE_USDT	+0.0056%	4h	95.212	+0.045%	$90.0M	$84.0M	100x	as long as short
Binance HYPEUSDT	+0.0056%	4h	95.214	+0.048%	$382.9M	$849.4M	75x	as long as short
BingX HYPE-USDT	+0.0058%	4h	95.207	+0.040%	—	$49.0M	—	as long as short
StandX HYPE-USD	+0.0080%	1h	95.082	−0.091%	$692K	$2.7M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0084%	8h	95.138	−0.032%	$339K	$30K	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.234	+0.069%	$3.4M	$10.1M	20x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	95.229	+0.063%	$403K	$125K	20x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	95.180	+0.012%	$39K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.215	+0.049%	$7.3M	$50.9M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.180	+0.012%	$10.3M	$13.1M	20x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.174	+0.006%	$230K	$17K	10x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.178	+0.010%	$47.6M	$17.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	95.176	+0.008%	$7.0M	$11.7M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.093	−0.080%	$29.6M	$52.9M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.129	−0.042%	$7.7M	$40.5M	10x	as long as short
Vest HYPE-PERP	+0.0100%	1h	95.257	+0.093%	—	$80K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	95.252	+0.087%	$504K	$2.5M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.242	+0.077%	$33K	$1.4M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	95.220	+0.054%	$2.1M	$334K	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.327	+0.166%	$1.4M	$5.2M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	95.174	+0.005%	$18.3M	$39.1M	50x	as long as short
Kalshi KXHYPEPERP	+0.0128%	8h	95.274	+0.111%	$1.8M	$5.1M	2.3x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	95.152	−0.017%	$3.1M	$5.2M	20x	as long as short
Hyperliquid HYPE	+0.0205%	1h	95.325	+0.164%	$2.11B	$646.1M	10x	as long as short
BloFin HYPE-USDT	+0.0230%	4h	95.206	+0.039%	$17.4M	$11.4M	75x	as long as short
Reya HYPERUSDPERP	+0.0269%	1h	95.098	−0.075%	$85K	$90K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0155%	1h	95.255	+0.090%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0969%	1h	95.500	+0.348%	$31K	$334K	12x	as long as short