Funding you earn now, next payment 03:00 UTC−0.0346%/8h= −37.8% APRnext payment −$0.43 per $10,000 · paid last 24h +0.007%
Price spread now: Deribit against Kraken Futures+0.006%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$370.371% of the position
Funding, last 7 days−0.123%−$12 on $10k
+Price spread, last 4 days (all we have)+0.005%$0 · spread now +0.006%, 7d avg +0.006%
=The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.123% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.43 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_HYPEUSD | 93.458 | 0.0685 | pay 0.0086% / 1h | 34m 05s | $20.8M | $29.8M | 50x |
| Short | Deribit HYPE_USDC-PERPETUAL | 93.464 | 0.0339 | get 0.0042% / 1h | 34m 05s | $7.4M | $4.4M | 50x |
Kraken Futures PF_HYPEUSD
Deribit HYPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Kraken Futures. 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
- −$72.59
- Price spread: +0.006% → +0.006%
- $0.07
- Slippage, 4 orders
- −$20.1
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$109.62
- Costs to cover
- 0.371%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Deribit: live order book, 5 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 Kraken Futures live order book, 5 min ago | 0.05 bp | 10.6 bp −$11 | 12.9 bp −$129 | 19.8 bp −$1,985 | 64.8 bp −$32.4K |
| Sell Deribit live order book, 5 min ago | 3.53 bp | 7.0 bp −$7 | 12.0 bp −$120 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1288% | 1h | 93.317 | −0.151% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.210 | −0.266% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0110% | 1h | 93.330 | −0.137% | $699K | $982K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.329 | −0.138% | $3K | $331 | 25x | as long as short |
| Aftermath Perps HYPEUSD | −0.0058% | 1h | 93.385 | −0.079% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.370 | −0.094% | $85K | $344K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0052% | 8h | 93.379 | −0.085% | $12.6M | $2.7M | 50x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0044% | 4h | 93.346 | −0.120% | $154K | $642K | 20x | as long as short |
| Bullet HYPE-USD | −0.0006% | 1h | 93.348 | −0.118% | $111K | $578K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.361 | −0.104% | $128K | $31K | 5x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Phemex HYPEUSDT
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
dYdX HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 93.362 | −0.103% | $23K | $322K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.360 | −0.105% | $62K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0022% | 4h | 93.429 | −0.031% | $8.8M | $35.5M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.393 | −0.070% | $213K | $1.2M | 10x | as long as short |
| BingX HYPE-USDT | +0.0026% | 4h | 93.487 | +0.031% | — | $53.0M | — | as long as short |
| Bybit HYPEUSDT | +0.0030% | 8h | 93.500 | +0.045% | $321.7M | $277.3M | 75x | as long as short |
| Gate HYPE_USDT | +0.0046% | 4h | 93.493 | +0.037% | $44.6M | $54.9M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0077% | 8h | 93.453 | −0.006% | $114.1M | $302.2M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.415 | −0.046% | $16.3M | $61.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.414 | −0.047% | $3.1M | $11.6M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.355 | −0.110% | $69K | $1.2M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0096% | 4h | 93.405 | −0.057% | $89.8M | $80.8M | 100x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.353 | −0.112% | $339K | $162K | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.487 | +0.030% | $379.1M | $876.3M | 75x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.370 | −0.094% | $17K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.340 | −0.126% | $5.8M | $43.3M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.486 | +0.030% | $2.04B | $653.7M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.357 | −0.108% | $10.0M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.364 | −0.101% | $203K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.398 | −0.064% | $45.9M | $18.1M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.494 | +0.038% | $226.1M | $96.6M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.380 | −0.084% | $7.4M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.367 | −0.098% | $31.1M | $53.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.365 | −0.100% | $7.5M | $45.5M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.333 | −0.134% | $339K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.424 | −0.037% | $667K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.401 | −0.061% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.389 | −0.074% | $472K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.338 | −0.129% | $79K | $170K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.333 | −0.134% | $16.2M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.412 | −0.049% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.385 | −0.078% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.387 | −0.076% | $18.4M | $43.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.368 | −0.096% | $397K | $162K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0110% | 4h | 93.315 | −0.154% | $5.1M | $29.7M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.420 | −0.041% | $4.8M | $5.6M | 50x | as long as short |
| HTX HYPE-USDT | +0.0190% | 4h | 93.501 | +0.046% | $1.4M | $6.0M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0258% | 1h | 93.348 | −0.118% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0278% | 8h | 93.420 | −0.041% | $1.9M | $5.0M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.379 | −0.085% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0338% | 4h | 93.380 | −0.084% | $17.0M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUALshort | +0.0339% | 1h | 93.464 | +0.006% | $7.4M | $4.4M | 50x | |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.426 | −0.035% | $3.2M | $6.3M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.220 | −0.255% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSDlong | +0.0685% | 1h | 93.458 | long leg | $20.8M | $29.8M | 50x |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Phoenix HYPE
BingX HYPE-USDT
Bybit HYPEUSDT
Gate HYPE_USDT
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
MEXC HYPE_USDT
Paradex HYPE-USD-PERP
Binance HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
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
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
RISEx HYPE/USDC
Injective HYPE/USDC PERP