Funding you earn now, next payment 05:00 UTC+0.0139%/8h= +15.2% APRpaid last 24h +0.027%
Price spread now: Kalshi against Ondo Perps+0.164%7-day average +0.009% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.035%−$3 on $10k
+Price spread, last 7 days+0.206%+$21 · spread now +0.164%, 7d avg +0.009%
=Together, before fees+0.171%+ Points / potential airdropOndo Perps: Active · farm board+$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kalshi is 0.155% dearer against Ondo Perps than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps HYPE-USD.P | 92.840 | 0.0036 | pay 0.0005% / 1h | 29m 29s | $699K | $1.1M | 10x |
| Short | Kalshi KXHYPEPERP | 92.992 | 0.0175 | get 0.0175% / 8h | 7h 29m | $1.8M | $5.4M | 2.3x |
Ondo Perps HYPE-USD.P
Kalshi KXHYPEPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Ondo Perps. 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
- $29.13
- Price spread: +0.164% → +0.009%
- $15.5
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- $29.63
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; Kalshi: live order book, 4 min ago. Net counts fees only.
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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Kalshi live order book, 4 min ago | 1.99 bp | 9.9 bp −$10 | 12.2 bp −$122 | 19.9 bp −$1,991 | doesn't fit |
Ondo 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hibachi HYPE/USDT-P | −0.1472% | 1h | 92.689 | −0.163% | $193K | $230K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0300% | 1h | 92.877 | +0.040% | $22K | $21K | 10x | as long as short |
| Arcus HYPE-USD | −0.0194% | 1h | 92.849 | +0.010% | $1.1M | $3.9M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.988 | +0.159% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0062% | 4h | 92.912 | +0.078% | $145K | $681K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.906 | +0.071% | $127K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.935 | +0.103% | $22K | $298K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.943 | +0.111% | $62K | — | 150x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 92.857 | +0.018% | $210K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0033% | 8h | 92.878 | +0.041% | $315.8M | $282.7M | 75x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Phoenix HYPE
Bybit HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bullet HYPE-USD | +0.0036% | 1h | 92.907 | +0.072% | $111K | $577K | 20x | as long as short |
| Ondo Perps HYPE-USD.Plong | +0.0036% | 1h | 92.840 | long leg | $699K | $1.1M | 10x | |
| Phemex HYPEUSDT | +0.0047% | 8h | 92.954 | +0.123% | $12.6M | $2.7M | 50x | as long as short |
| 01 Exchange HYPEUSD | +0.0048% | 1h | 92.886 | +0.050% | $86K | $363K | 20x | as long as short |
| Bitget HYPEUSDT | +0.0056% | 4h | 92.873 | +0.036% | $225.0M | $99.2M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0072% | 1h | 92.868 | +0.030% | $70K | $1.1M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.915 | +0.081% | $16.0M | $62.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.904 | +0.069% | $3.1M | $11.6M | 20x | as long as short |
| edgeX HYPEUSDC | +0.0097% | 4h | 92.935 | +0.102% | $4.9M | $29.6M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 92.922 | +0.088% | $339K | $163K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.870 | +0.032% | $34K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.880 | +0.044% | $7.4M | $46.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.923 | +0.089% | $2.02B | $666.6M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 92.902 | +0.067% | $8.7M | $36.1M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.902 | +0.067% | $10.0M | $15.2M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.876 | +0.039% | $373.5M | $905.6M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 92.879 | +0.042% | $113.9M | $304.2M | 50x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 92.887 | +0.051% | $45.0M | $54.1M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.890 | +0.054% | $91.5M | $81.0M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.888 | +0.052% | $46.1M | $18.4M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 92.886 | +0.050% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.933 | +0.100% | $7.2M | $11.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.959 | +0.128% | $28.6M | $57.4M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.003 | +0.176% | $7.5M | $46.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.975 | +0.145% | $341K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.929 | +0.096% | $668K | $2.9M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.930 | +0.097% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.910 | +0.075% | $471K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.914 | +0.080% | $79K | $167K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 92.910 | +0.075% | $16.0M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.998 | +0.170% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.914 | +0.080% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.072 | +0.250% | $1.4M | $6.3M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.770 | −0.075% | $202K | $13K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.839 | −0.002% | $18.0M | $43.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.915 | +0.081% | $393K | $164K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.040 | +0.215% | $4.7M | $5.6M | 50x | as long as short |
| Kalshi KXHYPEPERPshort | +0.0175% | 8h | 92.992 | +0.164% | $1.8M | $5.4M | 2.3x | |
| Kraken Futures PF_HYPEUSD | +0.0197% | 1h | 92.974 | +0.144% | $20.6M | $30.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0242% | 1h | 92.810 | −0.032% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0265% | 1h | 92.865 | +0.026% | $79K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0154% | 1h | 92.934 | +0.101% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.983 | +0.154% | $16.8M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0514% | 1h | 93.021 | +0.195% | $7.5M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0598% | 1h | 92.939 | +0.107% | $3.2M | $6.4M | 20x | as long as short |
Bullet HYPE-USD
Phemex HYPEUSDT
01 Exchange HYPEUSD
Bitget HYPEUSDT
Popdex HYPEUSDT
Lighter HYPE
Lighter RH HYPE
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
BingX HYPE-USDT
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
HTX HYPE-USDT
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
Kraken Futures PF_HYPEUSD
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC