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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 08:00 UTC0.0000%/8h= −0.1% APRpaid last 24h +0.008%
Price spread now: Katana Perps against KuCoin+0.135%58s7-day average −0.049% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on KuCoinShort on Katana Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.013%−$1 on $10k
Price spread, last 7 days−0.204%−$20 · spread now +0.135%, 7d avg −0.049%
Together, before fees−0.217%−$22 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Katana Perps is 0.184% dearer against KuCoin than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.049%. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin HYPEUSDTM93.3240.0100pay 0.0050% / 4h2h 34m$46.1M$18.9M75x
ShortKatana Perps HYPE-USD93.4500.0100get 0.0100% / 8h2h 34m$28K$1.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps against KuCoin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$0.1
Price spread: +0.135% → −0.049%
$18.42
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
$2.51
Costs to cover
0.158%
Break-even
from the start
Slippage unknown: KuCoin: live order book, 9 min ago; Katana Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 9 min ago0.54 bp10.5 bp −$1016.1 bp −$161doesn't fitdoesn't fit
Sell Katana Perps no order-book sample—————
Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.1664%1h93.244−0.085%$196K$234K7xas long as short
Aftermath Perps HYPEUSD−0.0381%1h93.358+0.037%$22K$21K10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.469+0.155%$3K$33125xas long as short
Bullet HYPE-USD−0.0071%1h93.494+0.182%$112K$578K20xas long as short
Orderly PERP_HYPE_USDC−0.0022%4h93.508+0.197%$146K$662K20xas long as short
01 Exchange HYPEUSD−0.0016%1h93.505+0.194%$88K$366K20xas long as short
dYdX HYPE-USD0.0000%1h93.367+0.046%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.487+0.174%$22K$290K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.534+0.224%$62K—150xas long as short
Arcus HYPE-USD+0.0011%1h93.447+0.132%$1.0M$4.0M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget HYPEUSDT+0.0016%4h93.305−0.020%$225.6M$98.9M75xas long as short
Bybit HYPEUSDT+0.0021%8h93.287−0.040%$317.0M$283.2M75xas long as short
Ondo Perps HYPE-USD.P+0.0022%1h93.430+0.114%$702K$1.2M10xas long as short
Phoenix HYPE+0.0026%1h93.434+0.118%$209K$1.2M10xas long as short
Phemex HYPEUSDT+0.0033%8h93.518+0.208%$12.6M$2.7M50xas long as short
edgeX HYPEUSDC+0.0094%4h93.304−0.021%$5.0M$30.0M30xas long as short
Paradex HYPE-USD-PERP+0.0094%8h93.356+0.034%$340K$162K20xas long as short
Lighter HYPE+0.0096%1h93.333+0.010%$16.1M$63.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.343+0.020%$3.1M$11.4M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.479+0.166%$76K$1.2M50xas long as short
Katana Perps HYPE-USDshort+0.0100%8h93.450+0.135%$28K$1.7M10x
Nado HYPE-PERP+0.0100%1h93.470+0.157%$8.0M$48.5M10xas long as short
Hyperliquid HYPE+0.0100%1h93.409+0.091%$2.03B$668.6M10xas long as short
Aster HYPEUSDT+0.0100%4h93.367+0.046%$8.7M$36.5M300xas long as short
Pacifica HYPE+0.0100%1h93.339+0.016%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.316−0.008%$373.9M$913.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.303−0.023%$114.4M$309.5M50xas long as short
Gate HYPE_USDT+0.0100%4h93.352+0.030%$46.7M$54.2M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.312−0.013%$89.8M$80.9M100xas long as short
KuCoin HYPEUSDTMlong+0.0100%4h93.324long leg$46.1M$18.9M75x
BingX HYPE-USDT+0.0100%4h93.347+0.025%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.529+0.220%$7.3M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.351+0.028%$28.6M$56.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.365+0.044%$7.5M$47.0M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.331+0.008%$342K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.336+0.013%$668K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h93.522+0.213%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.512+0.201%$484K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.516+0.206%$79K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h93.496+0.184%$16.1M$7.5M10xas long as short
SunX HYPE-USDT+0.0100%4h93.475+0.162%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.523+0.213%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.600+0.296%$1.4M$6.5M75xas long as short
Bulk HYPE-USD+0.0100%1h93.344+0.022%$215K$15K10xas long as short
Extended HYPE-USD+0.0104%1h93.337+0.014%$18.1M$43.2M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.520+0.209%$395K$161K20xas long as short
Kalshi KXHYPEPERP+0.0112%8h93.541+0.233%$1.8M$5.7M2.3xas long as short
Injective HYPE/USDC PERP+0.0122%1h93.350+0.028%$30K$339K12xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h93.500+0.189%$4.8M$5.6M50xas long as short
Reya HYPERUSDPERP+0.0269%1h93.495+0.183%$80K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.526+0.217%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.516+0.206%$16.9M$11.9M75xas long as short
Kraken Futures PF_HYPEUSD+0.0340%1h93.596+0.291%$20.9M$29.6M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0509%1h93.608+0.304%$7.5M$4.0M50xas long as short
RISEx HYPE/USDC+0.0527%1h93.541+0.233%$3.2M$6.2M20xas long as short