Funding you earn now, next payment 04:00 UTC−0.0284%/8h= −31.1% APRpaid last 24h −0.058%
Price spread now: Gate against Kraken Futures−0.102%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$380.375% of the position
Funding, last 7 days−0.188%−$19 on $10k
+Price spread, last 4 days (all we have)+0.198%+$20 · spread now −0.102%, 7d avg −0.059%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Gate is 0.042% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.059%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.188% in total (about -9.8% a year). A funding rate is set anew for every payment. 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 | 92.618 | 0.0332 | pay 0.0042% / 1h | 51m 34s | $20.6M | $30.3M | 50x |
| Short | Gate HYPE_USDT | 92.524 | 0.0048 | get 0.0024% / 4h | 51m 34s | $44.4M | $54.5M | 75x |
Kraken Futures PF_HYPEUSD
Gate HYPE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$59.7
- Price spread: −0.102% → −0.059%
- −$4.22
- Slippage, 4 orders
- −$12.5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$101.42
- Costs to cover
- 0.375%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; Gate: live order book, 2 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, 3 min ago | 1.40 bp | 8.0 bp −$8 | 11.9 bp −$119 | 18.9 bp −$1,890 | 66.8 bp −$33.4K |
| Sell Gate live order book, 2 min ago | 0.05 bp | 8.5 bp −$9 | 14.6 bp −$146 | 30.4 bp −$3,036 | 52.9 bp −$26.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus HYPE-USD | −0.0948% | 1h | 92.414 | −0.220% | $1.2M | $3.8M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0760% | 1h | 92.788 | +0.183% | $195K | $227K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0110% | 1h | 92.696 | +0.084% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0104% | 1h | 92.530 | −0.095% | $86K | $351K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.555 | −0.068% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0065% | 4h | 92.552 | −0.071% | $158K | $663K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0059% | 1h | 92.720 | +0.110% | $699K | $1.1M | 10x | as long as short |
| Bullet HYPE-USD | −0.0052% | 1h | 92.518 | −0.108% | $110K | $579K | 20x | as long as short |
| Aster HYPEUSDT | −0.0003% | 4h | 92.498 | −0.130% | $8.7M | $36.2M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.516 | −0.110% | $127K | $31K | 5x | as long as short |
Arcus HYPE-USD
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Ondo Perps HYPE-USD.P
Bullet HYPE-USD
Aster HYPEUSDT
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 | 92.520 | −0.106% | $23K | $309K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.520 | −0.106% | $62K | — | 150x | as long as short |
| Derive HYPE-PERP | +0.0018% | 1h | 92.535 | −0.089% | $16.0M | $7.5M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0026% | 8h | 92.568 | −0.054% | $12.5M | $2.7M | 50x | as long as short |
| BingX HYPE-USDT | +0.0032% | 4h | 92.516 | −0.110% | — | $53.2M | — | as long as short |
| Bybit HYPEUSDT | +0.0038% | 8h | 92.520 | −0.106% | $317.6M | $279.2M | 75x | as long as short |
| Phoenix HYPE | +0.0043% | 1h | 92.855 | +0.256% | $211K | $1.2M | 10x | as long as short |
| Gate HYPE_USDTshort | +0.0048% | 4h | 92.524 | −0.102% | $44.4M | $54.5M | 75x | |
| Popdex HYPEUSDT | +0.0072% | 1h | 92.529 | −0.096% | $67K | $1.2M | 50x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0074% | 8h | 92.521 | −0.105% | $113.1M | $300.8M | 50x | as long as short |
| Binance HYPEUSDT | +0.0079% | 4h | 92.524 | −0.102% | $372.0M | $892.2M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0084% | 4h | 92.518 | −0.108% | $87.6M | $80.2M | 100x | as long as short |
| Paradex HYPE-USD-PERP | +0.0092% | 8h | 92.546 | −0.078% | $338K | $162K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.520 | −0.106% | $16.0M | $62.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.515 | −0.111% | $3.1M | $11.6M | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 92.530 | −0.095% | $14K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.525 | −0.101% | $5.8M | $43.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.578 | −0.043% | $2.02B | $657.9M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.552 | −0.071% | $10.0M | $14.9M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.800 | +0.196% | $202K | $13K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.529 | −0.096% | $45.8M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.516 | −0.110% | $223.9M | $97.5M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.550 | −0.073% | $7.4M | $10.0M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.820 | +0.218% | $28.4M | $57.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.799 | +0.195% | $7.5M | $45.8M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.847 | +0.247% | $339K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.793 | +0.189% | $665K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.585 | −0.035% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.546 | −0.078% | $467K | $2.6M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.628 | +0.011% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.578 | −0.043% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 92.721 | +0.111% | $1.4M | $6.2M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0103% | 4h | 92.776 | +0.170% | $5.1M | $29.2M | 30x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.495 | −0.133% | $18.1M | $43.3M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.580 | −0.041% | $391K | $164K | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0150% | 1h | 93.000 | +0.412% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0160% | 1h | 92.630 | +0.013% | $4.7M | $5.5M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0260% | 1h | 92.515 | −0.111% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0263% | 8h | 92.699 | +0.087% | $1.8M | $5.4M | 2.3x | as long as short |
| BloFin HYPE-USDT | +0.0325% | 4h | 92.787 | +0.182% | $16.8M | $11.5M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0330% / S −0.0153% | 1h | 92.602 | −0.018% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSDlong | +0.0332% | 1h | 92.618 | long leg | $20.6M | $30.3M | 50x | |
| Deribit HYPE_USDC-PERPETUAL | +0.0473% | 1h | 92.680 | +0.067% | $7.5M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0687% | 1h | 92.603 | −0.016% | $3.1M | $6.4M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.1674% | 1h | 92.565 | −0.057% | $78K | $169K | 20x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Derive HYPE-PERP
Phemex HYPEUSDT
BingX HYPE-USDT
Bybit HYPEUSDT
Phoenix HYPE
Popdex HYPEUSDT
OKX HYPE-USDT-SWAP
Binance HYPEUSDT
MEXC HYPE_USDT
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
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
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
edgeX HYPEUSDC
Extended HYPE-USD
Aevo HYPE-PERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Bluefin HYPE-PERP