Funding you earn now, next payment 23:00 UTC+0.0163%/8h= +17.9% APRpaid last 24h +0.057%
Price spread now: RISEx against Kalshi−0.094%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$290.288% of the position
Funding, last 3 days (all we have)+0.208%+$21 on $10k
+Price spread, last 7 days+0.001%$0 · spread now −0.094%, 7d avg −0.009%
=Funding pays, the price is against you. RISEx is 0.085% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.094% now, against its 7-day average of −0.009%). If the spread goes back, that is −$9 on $10k: about 42 hours of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXHYPEPERP | 93.365 | 0.0117 | pay 0.0117% / 8h | 5h 08m | $1.9M | $5.2M | 2.3x |
| Short | RISEx HYPE/USDC | 93.277 | 0.0280 | get 0.0035% / 1h | 8m 29s | $2.7M | $6.8M | 20x |
Kalshi KXHYPEPERP
RISEx HYPE/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $34.24
- Price spread: −0.094% → −0.009%
- −$8.53
- Slippage, 4 orders
- −$12.83
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$3.13
- Costs to cover
- 0.288%
- Break-even
- 7.6 days
Slippage from Kalshi: live order book, 5 min ago; RISEx: live order book, 1 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, 5 min ago | 2.52 bp | 10.4 bp −$10 | 12.7 bp −$127 | 20.2 bp −$2,023 | doesn't fit |
| Sell RISEx live order book, 1 min ago | 1.28 bp | 4.3 bp −$4 | 5.4 bp −$54 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps HYPEUSD | −0.0466% | 1h | 93.232 | −0.142% | $22K | $22K | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0400% | 1h | 93.275 | −0.096% | $197K | $229K | 7x | as long as short |
| Arcus HYPE-USD | −0.0131% | 1h | 93.203 | −0.174% | $1.2M | $3.9M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0126% | 1h | 93.160 | −0.220% | $699K | $895K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.297 | −0.073% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0024% | 1h | 93.246 | −0.127% | $90K | $358K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.308 | −0.061% | $127K | $32K | 5x | as long as short |
| Popdex HYPEUSDT | 0.0000% | 1h | 93.220 | −0.155% | $58K | $1.2M | 50x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.247 | −0.126% | $23K | $330K | 10x | as long as short |
| Aster HYPEUSDT | +0.0002% | 4h | 93.291 | −0.079% | $8.9M | $35.7M | 300x | as long as short |
Aftermath Perps HYPEUSD
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
dYdX HYPE-USD
Popdex HYPEUSDT
Perpl HYPE
Aster HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.264 | −0.108% | $27K | — | 150x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0017% | 4h | 93.303 | −0.066% | $176K | $524K | 20x | as long as short |
| Bybit HYPEUSDT | +0.0022% | 8h | 93.210 | −0.166% | $322.8M | $282.9M | 75x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.306 | −0.063% | $214K | $1.2M | 10x | as long as short |
| Bullet HYPE-USD | +0.0047% | 1h | 93.232 | −0.142% | $111K | $577K | 20x | as long as short |
| Derive HYPE-PERP | +0.0050% | 1h | 93.255 | −0.118% | $16.3M | $7.0M | 10x | as long as short |
| Binance HYPEUSDT | +0.0062% | 4h | 93.251 | −0.123% | $382.8M | $887.6M | 75x | as long as short |
| Gate HYPE_USDT | +0.0062% | 4h | 93.273 | −0.099% | $44.0M | $58.8M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0062% | 4h | 93.231 | −0.144% | $90.1M | $82.3M | 100x | as long as short |
| edgeX HYPEUSDC | +0.0080% | 4h | 93.250 | −0.123% | $5.1M | $29.6M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.348 | −0.018% | $18.6M | $59.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.331 | −0.036% | $3.1M | $12.2M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.301 | −0.068% | $397K | $318K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.306 | −0.063% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.250 | −0.123% | $35K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.288 | −0.082% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.272 | −0.100% | $2.03B | $661.0M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.319 | −0.049% | $10.1M | $14.5M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.221 | −0.154% | $114.1M | $312.3M | 50x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.255 | −0.118% | $47.0M | $18.5M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.239 | −0.135% | $226.1M | $102.7M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.268 | −0.104% | — | $53.7M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.326 | −0.042% | $7.8M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.212 | −0.163% | $30.8M | $51.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.339 | −0.028% | $7.5M | $45.7M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.280 | −0.091% | $415K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.273 | −0.099% | $675K | $2.4M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.283 | −0.087% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.259 | −0.114% | $493K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.303 | −0.066% | $75K | $166K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.311 | −0.058% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.297 | −0.073% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.299 | −0.071% | $12.7M | $2.6M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.280 | −0.091% | $204K | $8K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.226 | −0.148% | $18.2M | $41.7M | 50x | as long as short |
| Kalshi KXHYPEPERPlong | +0.0117% | 8h | 93.365 | long leg | $1.9M | $5.2M | 2.3x | |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.270 | −0.102% | $4.9M | $5.7M | 50x | as long as short |
| HTX HYPE-USDT | +0.0222% | 4h | 93.452 | +0.093% | $1.5M | $7.7M | 75x | as long as short |
| Injective HYPE/USDC PERP | +0.0239% | 1h | 93.530 | +0.177% | $30K | $338K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0247% | 1h | 93.236 | −0.138% | $77K | $159K | 15x | as long as short |
| BloFin HYPE-USDT | +0.0250% | 4h | 93.270 | −0.102% | $16.9M | $12.4M | 75x | as long as short |
| RISEx HYPE/USDCshort | +0.0280% | 1h | 93.277 | −0.094% | $2.7M | $6.8M | 20x | |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0165% | 1h | 93.316 | −0.052% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0425% | 1h | 93.391 | +0.028% | $7.4M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0465% | 1h | 93.422 | +0.062% | $20.9M | $28.9M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Orderly PERP_HYPE_USDC
Bybit HYPEUSDT
Phoenix HYPE
Bullet HYPE-USD
Derive HYPE-PERP
Binance HYPEUSDT
Gate HYPE_USDT
MEXC HYPE_USDT
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
OKX HYPE-USDT-SWAP
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
SoDEX HYPE-USD
Phemex HYPEUSDT
Bulk HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD