Funding you earn now, next payment 23:29 UTC+0.0162%/8h= +17.7% APRpaid last 24h −0.010%
Price spread now: Kalshi against Perpl+0.036%7-day average +0.022% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.044%−$4 on $10k
+Price spread, last 3 days (all we have)−0.063%−$6 · spread now +0.036%, 7d avg +0.022%
=Together, before fees−0.106%+ Points / potential airdropPerpl: Active · farm board−$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Perpl HYPE | 94.012 | 0 | get 0.0000% / 43m | 37m 43s | $23K | $329K | 10x |
| Short | Kalshi KXHYPEPERP | 94.045 | 0.0162 | get 0.0162% / 8h | 3h 58m | $1.9M | $5.1M | 2.3x |
Perpl HYPE
Kalshi KXHYPEPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Perpl. 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
- $34.01
- Price spread: +0.036% → +0.022%
- $1.35
- Slippage, 4 orders
- no order book: not counted
- Fee Perpl: 6.9 bp × 2 orders
- −$13.8
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- $11.56
- Costs to cover
- 0.238%
- Break-even
- 4.6 days
Slippage unknown: Perpl: no order-book sample; Kalshi: live order book, 5 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 Perpl no order-book sample | — | — | — | — | — |
| Sell Kalshi live order book, 5 min ago | 2.92 bp | 8.7 bp −$9 | 12.1 bp −$121 | 20.0 bp −$1,996 | doesn't fit |
Perpl: 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 | −0.1416% | 1h | 93.956 | −0.059% | $199K | $229K | 7x | as long as short |
| dYdX HYPE-USD | −0.0717% | 1h | 93.909 | −0.109% | $128K | $30K | 5x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.855 | −0.167% | $1.2M | $3.8M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0339% | 1h | 93.995 | −0.018% | $22K | $22K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0120% | 1h | 93.967 | −0.047% | $86K | $367K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0087% | 1h | 93.810 | −0.214% | $705K | $923K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.955 | −0.060% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0051% | 1h | 93.986 | −0.027% | $112K | $578K | 20x | as long as short |
| Derive HYPE-PERP | −0.0015% | 1h | 93.908 | −0.110% | $16.4M | $7.2M | 10x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0007% | 4h | 93.971 | −0.043% | $169K | $594K | 20x | as long as short |
Hibachi HYPE/USDT-P
dYdX HYPE-USD
Arcus HYPE-USD
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
Bullet HYPE-USD
Derive HYPE-PERP
Orderly PERP_HYPE_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPElong | 0.0000% | 43m | 94.012 | long leg | $23K | $329K | 10x | |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 94.001 | −0.011% | $27K | — | 150x | as long as short |
| Phoenix HYPE | +0.0009% | 1h | 94.114 | +0.109% | $218K | $1.2M | 10x | as long as short |
| Aster HYPEUSDT | +0.0015% | 4h | 93.944 | −0.072% | $8.9M | $36.2M | 300x | as long as short |
| Popdex HYPEUSDT | +0.0016% | 1h | 93.967 | −0.047% | $60K | $1.2M | 50x | as long as short |
| Phemex HYPEUSDT | +0.0023% | 8h | 94.030 | +0.020% | $12.8M | $2.6M | 50x | as long as short |
| Binance HYPEUSDT | +0.0044% | 4h | 93.951 | −0.064% | $383.8M | $899.7M | 75x | as long as short |
| SoDEX HYPE-USD | +0.0045% | 1h | 93.972 | −0.042% | $2.0M | $2.0M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0046% | 4h | 93.952 | −0.063% | $88.2M | $81.1M | 100x | as long as short |
| edgeX HYPEUSDC | +0.0053% | 4h | 93.991 | −0.021% | $5.1M | $29.7M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0085% | 8h | 93.965 | −0.050% | $116.0M | $322.6M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.996 | −0.017% | $18.9M | $58.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.963 | −0.052% | $3.1M | $12.0M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 94.004 | −0.008% | $400K | $190K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 94.001 | −0.011% | $341K | $171K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.040 | +0.030% | $42K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.023 | +0.013% | $6.6M | $44.9M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 94.056 | +0.047% | $2.05B | $680.5M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.975 | −0.039% | $10.1M | $14.6M | 20x | as long as short |
| Bybit HYPEUSDT | +0.0100% | 8h | 93.930 | −0.087% | $323.2M | $283.6M | 75x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.950 | −0.066% | $44.3M | $58.3M | 75x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.957 | −0.058% | $46.5M | $18.5M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.975 | −0.039% | $227.7M | $101.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.955 | −0.060% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.971 | −0.043% | $7.7M | $10.5M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.972 | −0.042% | $31.4M | $54.2M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.052 | +0.043% | $7.6M | $45.4M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.033 | +0.023% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.047 | +0.038% | $680K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.043 | +0.033% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.034 | +0.024% | $472K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.016 | +0.005% | $32K | $1.6M | 20x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 94.146 | +0.143% | $1.5M | $7.8M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.944 | −0.072% | $205K | $6K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.947 | −0.069% | $18.4M | $42.6M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 94.080 | +0.073% | $4.9M | $5.7M | 50x | as long as short |
| Kalshi KXHYPEPERPshort | +0.0162% | 8h | 94.045 | +0.036% | $1.9M | $5.1M | 2.3x | |
| BloFin HYPE-USDT | +0.0188% | 4h | 93.972 | −0.042% | $17.0M | $12.6M | 75x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 93.990 | −0.023% | $31K | $338K | 12x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 94.006 | −0.006% | $2.8M | $6.9M | 20x | as long as short |
| Reya HYPERUSDPERP | +0.0250% | 1h | 94.000 | −0.012% | $77K | $142K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0338% / S −0.0157% | 1h | 93.998 | −0.014% | $1.5M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0378% | 1h | 94.079 | +0.072% | $7.5M | $4.7M | 50x | as long as short |
| Bluefin HYPE-PERP | +0.0558% | 1h | 93.999 | −0.013% | $76K | $171K | 20x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0671% | 1h | 94.089 | +0.083% | $21.0M | $29.5M | 50x | as long as short |
gTrade (Gains Network) HYPE/USD
Phoenix HYPE
Aster HYPEUSDT
Popdex HYPEUSDT
Phemex HYPEUSDT
Binance HYPEUSDT
SoDEX HYPE-USD
MEXC HYPE_USDT
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Lighter HYPE
Lighter RH HYPE
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bybit HYPEUSDT
Gate HYPE_USDT
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
HTX HYPE-USDT
Bulk HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
BloFin HYPE-USDT
Injective HYPE/USDC PERP
RISEx HYPE/USDC
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Bluefin HYPE-PERP
Kraken Futures PF_HYPEUSD