HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0377%/8h= +41.3% APRnext payment +$0.47 per $10,000 · paid last 24h −0.067%

Price spread now: gTrade (Gains Network) against Kraken Futures+0.007%7-day average −0.032% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.187%−$19 on $10k

Price spread, last 4 days (all we have)+0.382%+$38 · spread now +0.007%, 7d avg −0.032%

Together, before fees+0.195%+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and gTrade (Gains Network) is 0.039% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.032%. Mind the row above: over the last 4 days funding on this pair cost −0.187%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_HYPEUSD	94.984	−0.0376	get 0.0047% / 1h	19m 19s	$18.6M	$35.5M	50x
Short	gTrade (Gains Network) HYPE/USD	94.990	L +0.0002% / S −0.0001%	get 0.0000% / 1h	19m 19s	$99K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 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 Kraken FuturesbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.007%Rate

Funding earned: $79.21
Price spread: +0.007% → −0.032%: $3.88
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $63.09
Costs to cover: 0.200%
Break-even: 1.4 days

Slippage unknown: Kraken Futures: live order book, 3 min ago; gTrade (Gains Network): 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 3 min ago	1.68 bp	10.3 bp −$10	12.1 bp −$121	17.7 bp −$1,767	60.0 bp −$30.0K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 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
Hibachi HYPE/USDT-P	−0.1408%	1h	94.803	−0.190%	$211K	$262K	7x	as long as short
Bluefin HYPE-PERP	−0.0570%	1h	95.002	+0.019%	$79K	$139K	20x	as long as short
Kraken Futures PF_HYPEUSDlong	−0.0376%	1h	94.984	long leg	$18.6M	$35.5M	50x
Bullet HYPE-USD	−0.0344%	1h	94.970	−0.014%	$113K	$581K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0250%	1h	94.960	−0.025%	$691K	$1.3M	10x	as long as short
Phemex HYPEUSDT	−0.0180%	8h	94.864	−0.126%	$12.9M	$2.8M	50x	as long as short
Arcus HYPE-USD	−0.0159%	1h	94.887	−0.102%	$1.1M	$2.6M	10x	as long as short
01 Exchange HYPEUSD	−0.0152%	1h	95.001	+0.018%	$92K	$349K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0147%	1h	94.960	−0.025%	$22K	$17K	10x	as long as short
Vest HYPE-PERP	−0.0090%	1h	95.010	+0.028%	—	$80K	5x	as long as short

Show all 54 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff HYPE-PERP	−0.0080%	1h	94.882	−0.107%	$3K	$331	25x	as long as short
Gate HYPE_USDT	−0.0072%	4h	94.978	−0.006%	$54.2M	$54.6M	75x	as long as short
Coinbase International HYPE-PERP-INTX	−0.0024%	1h	94.990	+0.007%	$4.7M	$5.6M	50x	as long as short
Orderly PERP_HYPE_USDC	−0.0023%	4h	94.942	−0.044%	$147K	$646K	20x	as long as short
SoDEX HYPE-USD	−0.0011%	1h	94.979	−0.005%	$2.1M	$378K	10x	as long as short
Aster HYPEUSDT	−0.0001%	4h	94.947	−0.039%	$9.0M	$34.3M	300x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.928	−0.059%	$130K	$92K	5x	as long as short
Perpl HYPE	0.0000%	43m	94.955	−0.031%	$23K	$263K	10x	as long as short
OKX HYPE-USDT-SWAP	+0.0001%	8h	94.964	−0.021%	$118.8M	$312.5M	50x	as long as short
gTrade (Gains Network) HYPE/USDshort	L +0.0002% / S −0.0001%	1h	94.990	+0.007%	$99K	—	150x
BingX HYPE-USDT	+0.0002%	4h	94.960	−0.025%	—	$49.3M	—	as long as short
Phoenix HYPE	+0.0017%	1h	94.881	−0.108%	$200K	$1.0M	10x	as long as short
Bulk HYPE-USD	+0.0031%	1h	95.069	+0.090%	$231K	$12K	10x	as long as short
Bybit HYPEUSDT	+0.0033%	8h	94.980	−0.004%	$320.2M	$272.8M	75x	as long as short
Bitget HYPEUSDT	+0.0034%	4h	94.971	−0.013%	$228.2M	$89.7M	75x	as long as short
Lighter HYPE	+0.0040%	1h	94.885	−0.104%	$16.2M	$61.1M	20x	as long as short
Paradex HYPE-USD-PERP	+0.0061%	8h	94.902	−0.086%	$339K	$36K	20x	as long as short
Polymarket Perps HYPE-USD	+0.0088%	1h	94.997	+0.014%	$499K	$2.5M	20x	as long as short
edgeX HYPEUSDC	+0.0093%	4h	94.934	−0.053%	$5.0M	$29.9M	30x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.905	−0.083%	$3.2M	$10.0M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.979	−0.005%	$270K	$1.1M	50x	as long as short
Katana Perps HYPE-USD	+0.0099%	8h	94.920	−0.067%	$39K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.892	−0.096%	$7.3M	$53.2M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.086	+0.108%	$2.11B	$656.7M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.917	−0.070%	$10.2M	$13.6M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.970	−0.014%	$381.6M	$877.5M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.971	−0.013%	$89.2M	$87.6M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.967	−0.018%	$47.2M	$17.9M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.998	+0.015%	$7.8M	$10.2M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.906	−0.082%	$29.8M	$54.5M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.825	−0.168%	$7.7M	$41.2M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.974	−0.010%	$348K	$965K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.957	−0.028%	$691K	$2.7M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.947	−0.039%	$33K	$1.4M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.966	−0.019%	$1.4M	$6.4M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.950	−0.036%	$18.2M	$40.9M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.936	−0.051%	$401K	$130K	20x	as long as short
Kalshi KXHYPEPERP	+0.0108%	8h	94.987	+0.003%	$1.8M	$5.2M	2.3x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0118%	1h	95.074	+0.095%	$7.5M	$4.3M	50x	as long as short
RISEx HYPE/USDC	+0.0166%	1h	94.939	−0.047%	$3.2M	$5.9M	20x	as long as short
Reya HYPERUSDPERP	+0.0270%	1h	94.884	−0.105%	$85K	$99K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	95.011	+0.029%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.965	−0.020%	$17.3M	$11.8M	75x	as long as short
Injective HYPE/USDC PERP	+0.0850%	1h	95.480	+0.523%	$31K	$335K	12x	as long as short