Funding you earn now, next payment 01:00 UTC+0.0837%/8h= +91.7% APRnext payment +$1.05 per $10,000 · paid last 24h +0.033%
Price spread now: Kraken Futures against Ondo Perps+0.129%7-day average +0.120% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.196%+$20 on $10k
+Price spread, last 3 days (all we have)−0.009%−$1 · spread now +0.129%, 7d avg +0.120%
=Together, before fees+0.187%+ Points / potential airdropOndo Perps: Active · farm board+$19 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.120%, so right now this pair is about funding alone: +$25 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.196% in total (about 10.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.05 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 | Ondo Perps HYPE-USD.P | 93.990 | −0.0166 | get 0.0021% / 1h | 38m 19s | $705K | $935K | 10x |
| Short | Kraken Futures PF_HYPEUSD | 94.111 | 0.0671 | get 0.0084% / 1h | 38m 19s | $21.0M | $29.7M | 50x |
Ondo Perps HYPE-USD.P
Kraken Futures PF_HYPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $175.84
- Price spread: +0.129% → +0.120%
- $0.89
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $161.73
- Costs to cover
- 0.150%
- Break-even
- 0.6 days
Slippage unknown: Ondo Perps: no order-book sample; Kraken Futures: live order book, 6 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 Kraken Futures live order book, 6 min ago | 1.01 bp | 8.4 bp −$8 | 12.5 bp −$125 | 21.3 bp −$2,130 | 62.1 bp −$31.1K |
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 | 93.931 | −0.063% | $199K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 94.078 | +0.094% | $1.2M | $3.8M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0270% | 1h | 94.044 | +0.058% | $22K | $23K | 10x | as long as short |
| Phemex HYPEUSDT | −0.0194% | 8h | 94.071 | +0.086% | $12.8M | $2.6M | 50x | as long as short |
| dYdX HYPE-USD | −0.0193% | 1h | 94.163 | +0.184% | $128K | $29K | 5x | as long as short |
| Ondo Perps HYPE-USD.Plong | −0.0166% | 1h | 93.990 | long leg | $705K | $935K | 10x | |
| Bullet HYPE-USD | −0.0083% | 1h | 94.194 | +0.217% | $112K | $580K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 94.237 | +0.263% | $86K | $361K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.032 | +0.045% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0012% | 4h | 94.205 | +0.229% | $170K | $592K | 20x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Phemex HYPEUSDT
dYdX HYPE-USD
Bullet HYPE-USD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate HYPE_USDT | −0.0012% | 4h | 94.203 | +0.227% | $44.5M | $59.4M | 75x | as long as short |
| Bybit HYPEUSDT | −0.0010% | 8h | 94.182 | +0.204% | $323.7M | $281.0M | 75x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.227 | +0.253% | $23K | $327K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 94.232 | +0.257% | $27K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0017% | 4h | 94.192 | +0.215% | $8.9M | $36.1M | 300x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 94.122 | +0.140% | $219K | $1.2M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0044% | 4h | 94.220 | +0.245% | $88.8M | $82.3M | 100x | as long as short |
| Derive HYPE-PERP | +0.0045% | 1h | 94.175 | +0.197% | $16.4M | $7.3M | 10x | as long as short |
| Binance HYPEUSDT | +0.0046% | 4h | 94.208 | +0.232% | $384.6M | $892.9M | 75x | as long as short |
| Bluefin HYPE-PERP | +0.0051% | 1h | 94.215 | +0.239% | $76K | $171K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0057% | 4h | 94.034 | +0.046% | $5.1M | $29.8M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0081% | 8h | 94.221 | +0.246% | $116.2M | $319.6M | 50x | as long as short |
| Popdex HYPEUSDT | +0.0088% | 1h | 94.219 | +0.244% | $64K | $1.2M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.184 | +0.206% | $19.0M | $58.5M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.168 | +0.189% | $3.1M | $12.0M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 94.206 | +0.229% | $401K | $193K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 94.226 | +0.251% | $342K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.210 | +0.234% | $24K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.221 | +0.246% | $6.7M | $44.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.298 | +0.328% | $2.05B | $674.1M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.186 | +0.209% | $10.2M | $14.6M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.229 | +0.254% | $46.7M | $18.2M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 94.252 | +0.279% | $228.6M | $101.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.197 | +0.220% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.038 | +0.051% | $7.7M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.010 | +0.022% | $31.6M | $53.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.030 | +0.043% | $7.6M | $45.7M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.016 | +0.028% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.047 | +0.061% | $680K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.183 | +0.206% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.216 | +0.240% | $481K | $2.6M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.111 | +0.129% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.011 | +0.022% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.120 | +0.138% | $205K | $4K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.202 | +0.225% | $19.0M | $43.7M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 94.170 | +0.192% | $4.9M | $5.5M | 50x | as long as short |
| BloFin HYPE-USDT | +0.0181% | 4h | 94.032 | +0.045% | $17.0M | $12.3M | 75x | as long as short |
| Kalshi KXHYPEPERP | +0.0193% | 8h | 94.119 | +0.137% | $1.9M | $5.1M | 2.3x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 94.260 | +0.287% | $31K | $338K | 12x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 94.234 | +0.260% | $2.8M | $6.7M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0251% | 1h | 94.187 | +0.210% | $77K | $144K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0157% | 1h | 94.228 | +0.253% | $1.5M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0356% | 1h | 94.112 | +0.130% | $7.5M | $4.6M | 50x | as long as short |
| HTX HYPE-USDT | +0.0413% | 4h | 94.220 | +0.245% | $1.5M | $6.3M | 75x | as long as short |
| Kraken Futures PF_HYPEUSDshort | +0.0671% | 1h | 94.111 | +0.129% | $21.0M | $29.7M | 50x |
Gate HYPE_USDT
Bybit HYPEUSDT
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Phoenix HYPE
MEXC HYPE_USDT
Derive HYPE-PERP
Binance HYPEUSDT
Bluefin HYPE-PERP
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Popdex HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
KuCoin HYPEUSDTM
Bitget HYPEUSDT
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
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
BloFin HYPE-USDT
Kalshi KXHYPEPERP
Injective HYPE/USDC PERP
RISEx HYPE/USDC
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
HTX HYPE-USDT