Funding you earn now, next payment 03:00 UTC+0.0228%/8h= +25.0% APRpaid last 24h +0.032%
Price spread now: Deribit against KuCoin+0.088%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$370.369% of the position
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 4 days (all we have)−0.219%−$22 · spread now +0.088%, 7d avg +0.050%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Deribit is 0.038% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.050%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.022% in total (about -1.1% 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 | KuCoin HYPEUSDTM | 93.399 | 0.0100 | pay 0.0050% / 4h | 1h 35m | $45.9M | $18.1M | 75x |
| Short | Deribit HYPE_USDC-PERPETUAL | 93.481 | 0.0328 | get 0.0041% / 1h | 35m 45s | $7.5M | $4.4M | 50x |
KuCoin HYPEUSDTM
Deribit HYPE_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against KuCoin. 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
- $47.88
- Price spread: +0.088% → +0.050%
- $3.77
- Slippage, 4 orders
- −$17.95
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $14.71
- Costs to cover
- 0.369%
- Break-even
- 4.8 days
Slippage from KuCoin: live order book, 3 min ago; Deribit: 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 KuCoin live order book, 3 min ago | 0.43 bp | 11.8 bp −$12 | 15.4 bp −$154 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 3 min ago | 3.53 bp | 7.0 bp −$7 | 12.0 bp −$120 | 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 | −0.1296% | 1h | 93.292 | −0.115% | $196K | $226K | 7x | as long as short |
| Arcus HYPE-USD | −0.0899% | 1h | 93.240 | −0.170% | $1.2M | $3.8M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0099% | 1h | 93.300 | −0.106% | $699K | $982K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.343 | −0.060% | $3K | $331 | 25x | as long as short |
| Phemex HYPEUSDT | −0.0062% | 8h | 93.367 | −0.034% | $12.6M | $2.7M | 50x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.351 | −0.051% | $85K | $344K | 20x | as long as short |
| Aftermath Perps HYPEUSD | −0.0053% | 1h | 93.379 | −0.022% | $22K | $21K | 10x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0045% | 4h | 93.354 | −0.048% | $155K | $634K | 20x | as long as short |
| Bullet HYPE-USD | −0.0016% | 1h | 93.392 | −0.007% | $112K | $577K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.361 | −0.041% | $128K | $31K | 5x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Phemex HYPEUSDT
01 Exchange HYPEUSD
Aftermath Perps HYPEUSD
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
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 | 93.398 | −0.001% | $23K | $322K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.414 | +0.016% | $62K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0020% | 4h | 93.399 | 0.000% | $8.8M | $35.5M | 300x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.398 | −0.001% | $213K | $1.2M | 10x | as long as short |
| BingX HYPE-USDT | +0.0026% | 4h | 93.386 | −0.014% | — | $53.0M | — | as long as short |
| Bybit HYPEUSDT | +0.0032% | 8h | 93.340 | −0.063% | $321.2M | $277.1M | 75x | as long as short |
| Gate HYPE_USDT | +0.0058% | 4h | 93.394 | −0.005% | $44.6M | $54.8M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0078% | 8h | 93.340 | −0.063% | $114.1M | $301.8M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.376 | −0.025% | $16.3M | $61.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.397 | −0.002% | $3.1M | $11.6M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.341 | −0.062% | $69K | $1.2M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0096% | 4h | 93.350 | −0.052% | $89.8M | $80.7M | 100x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 93.391 | −0.009% | $339K | $162K | 20x | as long as short |
| Binance HYPEUSDT | +0.0098% | 4h | 93.367 | −0.034% | $378.6M | $876.6M | 75x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.340 | −0.063% | $17K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.388 | −0.012% | $5.8M | $43.3M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.433 | +0.036% | $2.04B | $653.5M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.382 | −0.018% | $10.0M | $14.6M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.580 | +0.194% | $204K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTMlong | +0.0100% | 4h | 93.399 | long leg | $45.9M | $18.1M | 75x | |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.347 | −0.056% | $225.7M | $96.6M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.377 | −0.024% | $7.4M | $10.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.367 | −0.034% | $31.1M | $53.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.307 | −0.099% | $7.5M | $45.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.310 | −0.095% | $339K | $999K | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.386 | −0.014% | $666K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.392 | −0.008% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.381 | −0.019% | $472K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.375 | −0.026% | $79K | $170K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.373 | −0.028% | $16.2M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.449 | +0.054% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.401 | +0.002% | $2.0M | $1.9M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.376 | −0.025% | $18.4M | $43.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.393 | −0.007% | $397K | $162K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0108% | 4h | 93.349 | −0.053% | $5.1M | $29.6M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.420 | +0.022% | $4.8M | $5.6M | 50x | as long as short |
| HTX HYPE-USDT | +0.0194% | 4h | 93.546 | +0.157% | $1.4M | $6.0M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0258% | 1h | 93.358 | −0.044% | $79K | $140K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0277% | 8h | 93.458 | +0.063% | $1.9M | $5.0M | 2.3x | as long as short |
| Deribit HYPE_USDC-PERPETUALshort | +0.0328% | 1h | 93.481 | +0.088% | $7.5M | $4.4M | 50x | |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0156% | 1h | 93.410 | +0.012% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0336% | 4h | 93.364 | −0.037% | $17.0M | $11.6M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0510% | 1h | 93.453 | +0.057% | $3.2M | $6.4M | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0519% | 1h | 93.180 | −0.234% | $30K | $339K | 12x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0685% | 1h | 93.444 | +0.048% | $20.8M | $29.9M | 50x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Phoenix HYPE
BingX HYPE-USDT
Bybit HYPEUSDT
Gate HYPE_USDT
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
MEXC HYPE_USDT
Paradex HYPE-USD-PERP
Binance HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
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
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
RISEx HYPE/USDC
Injective HYPE/USDC PERP
Kraken Futures PF_HYPEUSD