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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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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 05:00 UTC−0.0281%/8h= −30.8% APRpaid last 24h +0.006%
Price spread now: Aftermath Perps against Kalshi+0.031%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on KalshiShort on Aftermath Perps
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. Aftermath Perps is 0.031% dearer against Kalshi than usual: you sell high and buy low (spread +0.031% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 9 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXHYPEPERP92.7950get 0.0000% / 8h7h 57m$1.8M$5.4M2.3x
ShortAftermath Perps HYPEUSD92.823−0.0281pay 0.0035% / 1h57m 01s$22K$21K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Kalshi. 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
−$59.06
Price spread: +0.031% → 0.000%
$3.05
Slippage, 4 orders
no order book: not counted
Fee Kalshi: 5 bp × 2 orders
−$10
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$75.01
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Kalshi: live order book, 2 min ago; Aftermath Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kalshi live order book, 2 min ago3.50 bp10.5 bp −$1112.5 bp −$12517.3 bp −$1,735doesn't fit
Sell Aftermath Perps no order-book sample—————
Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0472%1h92.744−0.055%$193K$228K7xas long as short
Aftermath Perps HYPEUSDshort−0.0281%1h92.823+0.031%$22K$21K10x
Arcus HYPE-USD−0.0194%1h92.736−0.064%$1.1M$3.9M10xas long as short
Gate HYPE_USDT−0.0148%4h92.727−0.073%$44.4M$53.4M75xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.807+0.013%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0063%4h92.702−0.100%$157K$653K20xas long as short
dYdX HYPE-USD0.0000%1h92.772−0.024%$127K$29K5xas long as short
Kalshi KXHYPEPERPlong0.0000%8h92.795long leg$1.8M$5.4M2.3x
Perpl HYPE0.0000%43m92.769−0.029%$22K$302K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.778−0.018%$62K—150xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex HYPEUSDT+0.0040%8h92.758−0.040%$12.5M$2.7M50xas long as short
Bybit HYPEUSDT+0.0041%8h92.710−0.092%$315.8M$281.7M75xas long as short
Phoenix HYPE+0.0043%1h92.888+0.100%$210K$1.2M10xas long as short
01 Exchange HYPEUSD+0.0048%1h92.792−0.003%$87K$362K20xas long as short
Popdex HYPEUSDT+0.0048%1h92.761−0.037%$69K$1.1M50xas long as short
Bullet HYPE-USD+0.0057%1h92.753−0.045%$111K$579K20xas long as short
Aster HYPEUSDT+0.0070%4h92.751−0.048%$8.7M$36.2M300xas long as short
Bitget HYPEUSDT+0.0084%4h92.731−0.069%$224.5M$98.7M75xas long as short
edgeX HYPEUSDC+0.0093%4h92.869+0.080%$4.9M$29.5M30xas long as short
Paradex HYPE-USD-PERP+0.0096%8h92.790−0.005%$339K$163K20xas long as short
Lighter HYPE+0.0096%1h92.748−0.051%$16.0M$62.2M20xas long as short
Lighter RH HYPE+0.0096%1h92.753−0.045%$3.1M$11.6M20xas long as short
OKX HYPE-USDT-SWAP+0.0099%8h92.732−0.068%$113.7M$303.2M50xas long as short
Katana Perps HYPE-USD+0.0099%8h92.760−0.038%$38K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h92.755−0.043%$7.4M$45.7M10xas long as short
Hyperliquid HYPE+0.0100%1h92.801+0.006%$2.02B$664.0M10xas long as short
Pacifica HYPE+0.0100%1h92.798+0.003%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h92.734−0.066%$372.6M$902.3M75xas long as short
Ondo Perps HYPE-USD.P+0.0100%1h92.720−0.081%$698K$1.1M10xas long as short
Bulk HYPE-USD+0.0100%1h92.800+0.005%$202K$13K10xas long as short
MEXC HYPE_USDT+0.0100%4h92.735−0.065%$88.0M$79.7M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.737−0.063%$46.1M$18.4M75xas long as short
BingX HYPE-USDT+0.0100%4h92.735−0.065%—$53.8M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.780−0.016%$7.3M$11.3M20xas long as short
Variational Omni HYPE+0.0100%8h92.859+0.069%$28.5M$57.4M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.886+0.098%$7.5M$46.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.892+0.105%$350K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h92.845+0.054%$667K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h92.833+0.041%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.791−0.004%$468K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.708−0.094%$78K$168K20xas long as short
Derive HYPE-PERP+0.0100%1h92.714−0.088%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h92.756−0.042%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.728−0.072%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h92.900+0.113%$1.4M$6.3M75xas long as short
Extended HYPE-USD+0.0104%1h92.707−0.095%$18.1M$43.5M50xas long as short
Aevo HYPE-PERP+0.0104%1h92.765−0.032%$392K$164K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h92.800+0.005%$4.7M$5.5M50xas long as short
Kraken Futures PF_HYPEUSD+0.0197%1h92.799+0.004%$20.6M$30.4M50xas long as short
Injective HYPE/USDC PERP+0.0242%1h93.050+0.275%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0263%1h92.746−0.053%$79K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0330% / S −0.0154%1h92.758−0.040%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h92.727−0.073%$16.7M$11.6M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0440%1h92.842+0.051%$7.5M$4.5M50xas long as short
RISEx HYPE/USDC+0.0598%1h92.826+0.033%$3.2M$6.4M20xas long as short