Funding you earn now, next payment 03:00 UTC−0.0585%/8h= −64.1% APRnext payment −$0.73 per $10,000 · paid last 24h −0.018%
Price spread now: SoDEX against Kraken Futures−0.056%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$310.313% of the position
Funding, last 3 days (all we have)−0.065%−$7 on $10k
+Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.056%, 7d avg −0.040%
=The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: −$18 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.065% in total (about -7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.73 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 | 93.350 | 0.0685 | pay 0.0086% / 1h | 11m 13s | $20.7M | $29.8M | 50x |
| Short | SoDEX HYPE-USD | 93.298 | 0.0100 | get 0.0013% / 1h | 11m 13s | $2.0M | $2.0M | 10x |
Kraken Futures PF_HYPEUSD
SoDEX HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$122.94
- Price spread: −0.056% → −0.040%
- −$1.56
- Slippage, 4 orders
- −$13.28
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$155.78
- Costs to cover
- 0.313%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; SoDEX: live order book, 3 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 | 7.2 bp −$7 | 12.2 bp −$122 | 21.1 bp −$2,114 | 68.0 bp −$34.0K |
| Sell SoDEX live order book, 3 min ago | 0.05 bp | 6.8 bp −$7 | 11.8 bp −$118 | 99.9 bp −$9,994 | 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 | −0.1000% | 1h | 93.101 | −0.267% | $197K | $227K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.117 | −0.249% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0130% | 1h | 93.170 | −0.193% | $698K | $1.0M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.234 | −0.124% | $3K | $331 | 25x | as long as short |
| Aftermath Perps HYPEUSD | −0.0064% | 1h | 93.218 | −0.142% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.262 | −0.094% | $85K | $345K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0048% | 4h | 93.270 | −0.086% | $155K | $654K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0003% | 8h | 93.277 | −0.078% | $12.6M | $2.7M | 50x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.241 | −0.116% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.238 | −0.120% | $23K | $319K | 10x | 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
Orderly PERP_HYPE_USDC
Phemex HYPEUSDT
dYdX HYPE-USD
Perpl HYPEShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.268 | −0.088% | $63K | — | 150x | as long as short |
| Bullet HYPE-USD | +0.0008% | 1h | 93.226 | −0.132% | $111K | $579K | 20x | as long as short |
| Aster HYPEUSDT | +0.0018% | 4h | 93.257 | −0.100% | $8.8M | $35.9M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.156 | −0.208% | $212K | $1.2M | 10x | as long as short |
| BingX HYPE-USDT | +0.0036% | 4h | 93.251 | −0.106% | — | $52.9M | — | as long as short |
| Gate HYPE_USDT | +0.0046% | 4h | 93.250 | −0.107% | $44.6M | $55.5M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0047% | 8h | 93.292 | −0.062% | $320.9M | $276.9M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0077% | 8h | 93.294 | −0.060% | $113.7M | $299.6M | 50x | as long as short |
| Derive HYPE-PERP | +0.0086% | 1h | 93.247 | −0.110% | $16.2M | $7.5M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.307 | −0.046% | $16.2M | $62.1M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.300 | −0.053% | $3.1M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.243 | −0.114% | $67K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.280 | −0.075% | $339K | $162K | 20x | as long as short |
| MEXC HYPE_USDT | +0.0098% | 4h | 93.298 | −0.056% | $89.6M | $81.2M | 100x | as long as short |
| Binance HYPEUSDT | +0.0098% | 4h | 93.293 | −0.061% | $377.2M | $880.2M | 75x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.230 | −0.128% | $24K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.243 | −0.115% | $5.8M | $43.0M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.298 | −0.056% | $2.03B | $657.5M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.252 | −0.105% | $10.0M | $14.8M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.256 | −0.101% | $45.9M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.288 | −0.066% | $225.6M | $96.4M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.115 | −0.252% | $7.3M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.377 | +0.029% | $31.1M | $53.8M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.122 | −0.244% | $7.5M | $46.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.125 | −0.241% | $338K | $998K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.143 | −0.222% | $665K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.261 | −0.095% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.276 | −0.079% | $473K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.268 | −0.088% | $79K | $167K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.328 | −0.023% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USDshort | +0.0100% | 1h | 93.298 | −0.056% | $2.0M | $2.0M | 10x | |
| Bulk HYPE-USD | +0.0100% | 1h | 93.155 | −0.209% | $203K | $10K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.273 | −0.082% | $18.3M | $42.9M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.287 | −0.068% | $397K | $162K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0112% | 4h | 93.083 | −0.286% | $5.0M | $28.9M | 30x | as long as short |
| HTX HYPE-USDT | +0.0137% | 4h | 93.400 | +0.054% | $1.4M | $6.0M | 75x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.340 | −0.011% | $4.8M | $5.5M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0259% | 1h | 93.236 | −0.122% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0268% | 8h | 93.317 | −0.035% | $1.9M | $5.2M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.269 | −0.086% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0338% | 4h | 93.247 | −0.110% | $17.0M | $11.5M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0436% | 1h | 93.390 | +0.043% | $7.5M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.338 | −0.013% | $3.2M | $6.3M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.160 | −0.203% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSDlong | +0.0685% | 1h | 93.350 | long leg | $20.7M | $29.8M | 50x |
gTrade (Gains Network) HYPE/USD
Bullet HYPE-USD
Aster HYPEUSDT
Phoenix HYPE
BingX HYPE-USDT
Gate HYPE_USDT
Bybit HYPEUSDT
OKX HYPE-USDT-SWAP
Derive HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
MEXC HYPE_USDT
Binance HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
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
SunX HYPE-USDT
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
HTX HYPE-USDT
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC
Injective HYPE/USDC PERP