Funding you earn now, next payment 00:00 UTC+0.0232%/8h= +25.4% APRpaid last 24h +0.096%
Price spread now: BloFin against Kalshi−0.135%59s7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs+$34as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$320.319% of the position
Funding, last 7 days+0.657%+$66 on $10k
+Price spread, last 3 days (all we have)−0.074%−$7 · spread now −0.135%, 7d avg −0.021%
=Funding pays, the price is against you. BloFin is 0.113% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.135% now, against its 7-day average of −0.021%). If the spread goes back, that is −$11 on $10k: about 39 hours of funding at the current rate (+$7 a day). The two prices were read 59 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 | Kalshi KXHYPEPERP | 93.397 | 0.0108 | pay 0.0108% / 8h | 6h 09m | $1.9M | $5.3M | 2.3x |
| Short | BloFin HYPE-USDT | 93.271 | 0.0340 | get 0.0170% / 4h | 2h 09m | $17.1M | $12.4M | 75x |
Kalshi KXHYPEPERP
BloFin HYPE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Kalshi. 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
- $48.75
- Price spread: −0.135% → −0.021%
- −$11.35
- Slippage, 4 orders
- −$9.87
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $5.53
- Costs to cover
- 0.319%
- Break-even
- 6.2 days
Slippage from Kalshi: live order book, 4 min ago; BloFin: live order book, 10 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 Kalshi live order book, 4 min ago | 2.67 bp | 10.3 bp −$10 | 12.4 bp −$124 | 19.7 bp −$1,970 | doesn't fit |
| Sell BloFin live order book, 10 min ago | 0.27 bp | 6.3 bp −$6 | 6.6 bp −$66 | 10.9 bp −$1,090 | doesn't fit |
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 | −0.0896% | 1h | 93.344 | −0.057% | $197K | $233K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0255% | 1h | 93.456 | +0.063% | $22K | $22K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0237% | 1h | 93.230 | −0.179% | $700K | $930K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.285 | −0.120% | $90K | $355K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.289 | −0.116% | $3K | $331 | 25x | as long as short |
| Derive HYPE-PERP | −0.0025% | 1h | 93.232 | −0.177% | $16.4M | $7.1M | 10x | as long as short |
| Bullet HYPE-USD | −0.0019% | 1h | 93.266 | −0.140% | $110K | $581K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.383 | −0.015% | $127K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.302 | −0.101% | $23K | $334K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.316 | −0.087% | $20K | — | 150x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Derive HYPE-PERP
Bullet HYPE-USD
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0010% | 4h | 93.267 | −0.139% | $8.9M | $35.8M | 300x | as long as short |
| Gate HYPE_USDT | +0.0022% | 4h | 93.268 | −0.138% | $43.9M | $57.7M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0030% | 8h | 93.280 | −0.125% | $324.9M | $287.2M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0040% | 1h | 93.268 | −0.138% | $58K | $1.2M | 50x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0054% | 4h | 93.293 | −0.111% | $165K | $538K | 20x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.605 | +0.223% | $216K | $1.2M | 10x | as long as short |
| SoDEX HYPE-USD | +0.0091% | 1h | 93.267 | −0.139% | $2.0M | $2.0M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.315 | −0.088% | $18.6M | $59.9M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.308 | −0.095% | $3.1M | $12.4M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.299 | −0.105% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.310 | −0.093% | $37K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.275 | −0.131% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.365 | −0.034% | $2.03B | $670.4M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.293 | −0.111% | $10.0M | $14.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.267 | −0.139% | $385.0M | $889.7M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.249 | −0.158% | $114.5M | $314.9M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.254 | −0.153% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.285 | −0.120% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.269 | −0.137% | $93.1M | $82.4M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.277 | −0.128% | $46.2M | $18.8M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.286 | −0.119% | $226.7M | $102.6M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.267 | −0.139% | — | $54.2M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.311 | −0.092% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.263 | −0.144% | $29.1M | $50.2M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.311 | −0.092% | $7.5M | $45.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.267 | −0.139% | $405K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.338 | −0.063% | $675K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.316 | −0.087% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.310 | −0.093% | $493K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.276 | −0.130% | $75K | $168K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.354 | −0.046% | $32K | $1.6M | 20x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.321 | −0.081% | $12.7M | $2.6M | 50x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.267 | −0.139% | $18.3M | $41.4M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.300 | −0.104% | $397K | $318K | 20x | as long as short |
| Kalshi KXHYPEPERPlong | +0.0108% | 8h | 93.397 | long leg | $1.9M | $5.3M | 2.3x | |
| edgeX HYPEUSDC | +0.0115% | 4h | 93.290 | −0.115% | $5.1M | $29.4M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.390 | −0.007% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0246% | 1h | 93.278 | −0.127% | $78K | $158K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.910 | +0.549% | $31K | $291K | 12x | as long as short |
| HTX HYPE-USDT | +0.0292% | 4h | 93.462 | +0.070% | $1.5M | $7.7M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0165% | 1h | 93.318 | −0.084% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDTshort | +0.0340% | 4h | 93.271 | −0.135% | $17.1M | $12.4M | 75x | |
| Deribit HYPE_USDC-PERPETUAL | +0.0404% | 1h | 93.402 | +0.005% | $7.4M | $4.6M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.344 | −0.056% | $2.7M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0574% | 1h | 93.415 | +0.019% | $19.1M | $26.2M | 50x | as long as short |
Aster HYPEUSDT
Gate HYPE_USDT
Bybit HYPEUSDT
Popdex HYPEUSDT
Orderly PERP_HYPE_USDC
Phoenix HYPE
SoDEX HYPE-USD
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Arcus HYPE-USD
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Bitget HYPEUSDT
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
SunX HYPE-USDT
Phemex HYPEUSDT
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Injective HYPE/USDC PERP
HTX HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Kraken Futures PF_HYPEUSD