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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC−0.0369%/8h= −40.4% APRpaid last 24h +0.031%
Price spread now: HTX against Kraken Futures+0.111%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$340.343% of the position
Long on Kraken FuturesShort on HTX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.019%−$2 on $10k
Price spread, last 3 days (all we have)−0.186%−$19 · spread now +0.111%, 7d avg +0.005%
Together, before fees−0.205%−$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.106% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.111% now, against its 7-day average of +0.005%): +$11 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.019% in total) that is about 39 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.019% in total (about -1.0% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_HYPEUSD93.6080.0580pay 0.0072% / 1h25m 34s$20.9M$29.5M50x
ShortHTX HYPE-USDT93.7120.0211get 0.0106% / 4h25m 34s$1.5M$7.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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

Funding earned
−$77.42
Price spread: +0.111% → +0.005%
$10.65
Slippage, 4 orders
−$12.31
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$101.09
Costs to cover
0.343%
Break-even
never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; HTX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 4 min ago0.05 bp6.5 bp −$715.2 bp −$15225.3 bp −$2,53376.0 bp −$38.0K
Sell HTX live order book, 3 min ago0.85 bp11.5 bp −$1114.9 bp −$14949.9 bp −$4,991doesn't fit

HYPE on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.0904%1h93.545−0.067%$198K$229K7xas long as short
Aftermath Perps HYPEUSD−0.0376%1h93.683+0.080%$22K$22K10xas long as short
Arcus HYPE-USD−0.0233%1h93.354−0.271%$1.2M$3.8M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.496−0.119%$3K$33125xas long as short
Ondo Perps HYPE-USD.P−0.0078%1h93.440−0.179%$703K$909K10xas long as short
01 Exchange HYPEUSD−0.0048%1h93.427−0.193%$86K$366K20xas long as short
Derive HYPE-PERP−0.0017%1h93.462−0.156%$16.3M$7.1M10xas long as short
dYdX HYPE-USD0.0000%1h93.492−0.124%$127K$30K5xas long as short
Perpl HYPE0.0000%43m93.577−0.033%$23K$329K10xas long as short
Orderly PERP_HYPE_USDC+0.0002%4h93.540−0.072%$166K$583K20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.554−0.057%$26K—150xas long as short
Phoenix HYPE+0.0009%1h93.687+0.085%$214K$1.2M10xas long as short
Aster HYPEUSDT+0.0011%4h93.465−0.152%$8.9M$36.0M300xas long as short
Bybit HYPEUSDT+0.0018%8h93.449−0.169%$321.1M$283.3M75xas long as short
Binance HYPEUSDT+0.0052%4h93.454−0.164%$381.9M$895.9M75xas long as short
MEXC HYPE_USDT+0.0054%4h93.442−0.177%$87.6M$81.8M100xas long as short
edgeX HYPEUSDC+0.0064%4h93.635+0.030%$5.1M$29.7M30xas long as short
Phemex HYPEUSDT+0.0070%8h93.537−0.075%$12.7M$2.6M50xas long as short
Gate HYPE_USDT+0.0078%4h93.436−0.183%$43.9M$59.5M75xas long as short
Popdex HYPEUSDT+0.0088%1h93.455−0.163%$59K$1.2M50xas long as short
Bullet HYPE-USD+0.0090%1h93.531−0.082%$113K$577K20xas long as short
Lighter HYPE+0.0096%1h93.501−0.114%$18.8M$60.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.458−0.160%$3.0M$12.3M20xas long as short
Aevo HYPE-PERP+0.0096%1h93.527−0.086%$398K$318K20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h93.488−0.128%$340K$171K20xas long as short
Katana Perps HYPE-USD+0.0099%8h93.440−0.179%$43K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.507−0.107%$5.7M$44.4M10xas long as short
Pacifica HYPE+0.0100%1h93.485−0.131%$10.1M$14.5M20xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.457−0.161%$115.1M$320.0M50xas long as short
Bulk HYPE-USD+0.0100%1h93.625+0.018%$204K$7K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.507−0.108%$46.3M$18.6M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.449−0.169%$226.4M$102.6M75xas long as short
BingX HYPE-USDT+0.0100%4h93.451−0.167%—$54.1M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.521−0.093%$7.8M$10.5M20xas long as short
Variational Omni HYPE+0.0100%8h93.574−0.036%$31.2M$54.0M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.619+0.012%$7.6M$45.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.646+0.041%$346K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.611+0.004%$677K$2.5M20xas long as short
Vest HYPE-PERP+0.0100%1h93.603−0.005%—$454K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.560−0.051%$490K$2.4M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.510−0.104%$76K$171K20xas long as short
SunX HYPE-USDT+0.0100%4h93.567−0.043%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.511−0.103%$2.0M$2.0M10xas long as short
Injective HYPE/USDC PERP+0.0104%1h94.410+0.857%$31K$338K12xas long as short
Extended HYPE-USD+0.0104%1h93.419−0.202%$18.3M$42.8M50xas long as short
Kalshi KXHYPEPERP+0.0132%8h93.660+0.056%$1.9M$5.0M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0152%1h93.550−0.062%$4.9M$5.7M50xas long as short
Hyperliquid HYPE+0.0199%1h93.502−0.113%$2.03B$676.9M10xas long as short
HTX HYPE-USDTshort+0.0211%4h93.712+0.111%$1.5M$7.8M75x
BloFin HYPE-USDT+0.0229%4h93.600−0.008%$17.1M$12.6M75xas long as short
Reya HYPERUSDPERP+0.0249%1h93.529−0.084%$77K$142K15xas long as short
RISEx HYPE/USDC+0.0284%1h93.483−0.133%$2.8M$6.9M20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0337% / S −0.0163%1h93.549−0.062%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0381%1h93.619+0.012%$7.4M$4.6M50xas long as short
Kraken Futures PF_HYPEUSDlong+0.0580%1h93.608long leg$20.9M$29.5M50x