Funding you earn now, next payment 02:00 UTC−0.0474%/8h= −51.9% APRnext payment −$0.59 per $10,000 · paid last 24h +0.022%
Price spread now: RISEx against Kraken Futures+0.013%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$270.266% of the position
Funding, last 3 days (all we have)+0.071%+$7 on $10k
+Price spread, last 3 days (all we have)−0.015%−$1 · spread now +0.013%, 7d avg −0.021%
=The price spread pays, funding is against you. RISEx is 0.034% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.013% now, against its 7-day average of −0.021%): +$3 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 6 hours. Mind the row above: over the last 3 days funding on this pair paid +0.071%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.071% in total (about 7.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.59 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 | 93.253 | 0.0684 | pay 0.0085% / 1h | 45m 07s | $20.8M | $30.0M | 50x |
| Short | RISEx HYPE/USDC | 93.265 | 0.0210 | get 0.0026% / 1h | 45m 07s | $2.7M | $6.7M | 20x |
Kraken Futures PF_HYPEUSD
RISEx HYPE/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- −$99.61
- Price spread: +0.013% → −0.021%
- $3.37
- Slippage, 4 orders
- −$10.64
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$122.88
- Costs to cover
- 0.266%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; RISEx: live order book, 4 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, 4 min ago | 1.87 bp | 10.2 bp −$10 | 16.0 bp −$160 | 22.7 bp −$2,270 | 74.2 bp −$37.1K |
| Sell RISEx live order book, 4 min ago | 1.71 bp | 4.7 bp −$5 | 6.7 bp −$67 | 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 | −0.1024% | 1h | 93.288 | +0.038% | $197K | $229K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 93.105 | −0.159% | $1.2M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0173% | 1h | 93.350 | +0.104% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0129% | 1h | 93.240 | −0.014% | $698K | $977K | 10x | as long as short |
| Backpack HYPE_USDC_PERP | −0.0120% | 1h | 93.168 | −0.091% | $7.8M | $10.4M | 20x | as long as short |
| Gate HYPE_USDT | −0.0088% | 4h | 93.192 | −0.065% | $44.1M | $54.0M | 75x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.204 | −0.052% | $84K | $361K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.238 | −0.016% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0054% | 4h | 93.184 | −0.074% | $156K | $652K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0036% | 8h | 93.238 | −0.016% | $12.6M | $2.7M | 50x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Backpack HYPE_USDC_PERP
Gate HYPE_USDT
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Phemex HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | −0.0029% | 4h | 93.195 | −0.062% | $8.8M | $36.3M | 300x | as long as short |
| Bluefin HYPE-PERP | −0.0009% | 1h | 93.169 | −0.090% | $79K | $174K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.239 | −0.015% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.221 | −0.035% | $22K | $333K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.226 | −0.029% | $25K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0010% | 8h | 93.210 | −0.046% | $318.9M | $283.2M | 75x | as long as short |
| BingX HYPE-USDT | +0.0018% | 4h | 93.190 | −0.067% | — | $54.3M | — | as long as short |
| Bullet HYPE-USD | +0.0042% | 1h | 93.218 | −0.037% | $111K | $579K | 20x | as long as short |
| Binance HYPEUSDT | +0.0044% | 4h | 93.225 | −0.030% | $380.0M | $905.1M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0044% | 4h | 93.161 | −0.099% | $88.0M | $82.4M | 100x | as long as short |
| edgeX HYPEUSDC | +0.0059% | 4h | 93.354 | +0.108% | $5.1M | $30.0M | 30x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.190 | −0.067% | $212K | $1.2M | 10x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0064% | 8h | 93.224 | −0.031% | $114.9M | $315.2M | 50x | as long as short |
| Derive HYPE-PERP | +0.0067% | 1h | 93.161 | −0.098% | $16.2M | $7.6M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.188 | −0.070% | $16.4M | $62.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.179 | −0.079% | $3.1M | $11.8M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.234 | −0.020% | $65K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.180 | −0.078% | $396K | $177K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0096% | 8h | 93.239 | −0.015% | $339K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.270 | +0.018% | $35K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.205 | −0.051% | $6.5M | $44.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.292 | +0.042% | $2.04B | $675.3M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.265 | +0.013% | $10.0M | $14.7M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.404 | +0.162% | $203K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.199 | −0.058% | $45.9M | $18.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.215 | −0.041% | $225.6M | $100.7M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.241 | −0.013% | $30.9M | $55.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.420 | +0.179% | $7.5M | $47.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.381 | +0.137% | $337K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.351 | +0.105% | $666K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.279 | +0.028% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.240 | −0.014% | $467K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.252 | −0.001% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.187 | −0.071% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.162 | −0.098% | $18.4M | $44.4M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.260 | +0.008% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 93.130 | −0.132% | $30K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0175% | 4h | 93.407 | +0.165% | $17.0M | $12.1M | 75x | as long as short |
| RISEx HYPE/USDCshort | +0.0210% | 1h | 93.265 | +0.013% | $2.7M | $6.7M | 20x | |
| HTX HYPE-USDT | +0.0251% | 4h | 93.350 | +0.104% | $1.4M | $6.1M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0254% | 1h | 93.199 | −0.058% | $79K | $142K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0260% | 8h | 93.346 | +0.100% | $1.9M | $5.2M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0334% / S −0.0158% | 1h | 93.225 | −0.029% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0501% | 1h | 93.299 | +0.049% | $7.4M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSDlong | +0.0684% | 1h | 93.253 | long leg | $20.8M | $30.0M | 50x |
Aster HYPEUSDT
Bluefin HYPE-PERP
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
BingX HYPE-USDT
Bullet HYPE-USD
Binance HYPEUSDT
MEXC HYPE_USDT
edgeX HYPEUSDC
Phoenix HYPE
OKX HYPE-USDT-SWAP
Derive HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
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
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
BloFin HYPE-USDT
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL