HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0147%/8h= −16.1% APRnext payment −$0.18 per $10,000 · paid last 24h +0.041%

Price spread now: Kraken Futures against StandX−0.124%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on StandX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.128%+$13 on $10k

Price spread, last 4 days (all we have)−0.247%−$25 · spread now −0.124%, 7d avg +0.037%

Together, before fees−0.119%+ Points / potential airdropStandX: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Kraken Futures is 0.162% cheaper against StandX than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.037%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.128%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX HYPE-USD	95.261	0.0100	pay 0.0013% / 1h	4m 00s	$693K	$2.7M	20x
Short	Kraken Futures PF_HYPEUSD	95.143	−0.0047	pay 0.0006% / 1h	4m 00s	$18.9M	$35.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against StandX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee StandXbpFee Kraken FuturesbpOrdersPrice spread, now −0.124%Rate

Funding earned: −$30.9
Price spread: −0.124% → +0.037%: −$16.17
Slippage, 4 orders: −$8.2
Fee StandX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$73.27
Costs to cover: 0.262%
Break-even: never at this rate

Slippage from StandX: live order book, 5 min ago; Kraken Futures: live order book, 5 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 StandX live order book, 5 min ago	0.68 bp	4.7 bp −$5	4.9 bp −$49	12.4 bp −$1,238	doesn't fit
Sell Kraken Futures live order book, 5 min ago	0.52 bp	10.1 bp −$10	16.8 bp −$168	31.5 bp −$3,150	613.1 bp −$306.5K

HYPE on 54 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	−0.0984%	1h	95.153	−0.114%	$212K	$265K	7x	as long as short
Bluefin HYPE-PERP	−0.0543%	1h	95.116	−0.152%	$79K	$148K	20x	as long as short
Phemex HYPEUSDT	−0.0236%	8h	95.135	−0.132%	$13.0M	$2.8M	50x	as long as short
Aftermath Perps HYPEUSD	−0.0231%	1h	95.209	−0.055%	$22K	$19K	10x	as long as short
Bullet HYPE-USD	−0.0202%	1h	95.139	−0.128%	$113K	$580K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0141%	1h	95.130	−0.138%	$696K	$1.3M	10x	as long as short
01 Exchange HYPEUSD	−0.0112%	1h	95.202	−0.062%	$91K	$357K	20x	as long as short
Arcus HYPE-USD	−0.0112%	1h	95.180	−0.085%	$1.0M	$3.1M	10x	as long as short
dYdX HYPE-USD	−0.0105%	1h	95.179	−0.086%	$131K	$93K	5x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	95.158	−0.108%	$3K	$331	25x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_HYPEUSDshort	−0.0047%	1h	95.143	−0.124%	$18.9M	$35.6M	50x
Gate HYPE_USDT	−0.0038%	4h	95.118	−0.150%	$53.1M	$57.0M	75x	as long as short
Vest HYPE-PERP	−0.0016%	1h	95.235	−0.027%	—	$97K	5x	as long as short
Orderly PERP_HYPE_USDC	−0.0006%	4h	95.117	−0.151%	$148K	$668K	20x	as long as short
BingX HYPE-USDT	−0.0004%	4h	95.117	−0.151%	—	$50.7M	—	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	95.280	+0.020%	$1.9M	$5.3M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	95.187	−0.078%	$19K	$272K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	95.137	−0.130%	$87K	—	150x	as long as short
Bybit HYPEUSDT	+0.0004%	8h	95.160	−0.106%	$319.9M	$282.9M	75x	as long as short
Phoenix HYPE	+0.0008%	1h	95.295	+0.036%	$212K	$1.2M	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0016%	1h	95.170	−0.096%	$4.7M	$5.7M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0032%	8h	95.165	−0.101%	$118.7M	$322.1M	50x	as long as short
Bitget HYPEUSDT	+0.0046%	4h	95.172	−0.093%	$228.6M	$93.7M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0049%	8h	95.175	−0.090%	$340K	$38K	20x	as long as short
Backpack HYPE_USDC_PERP	+0.0057%	1h	95.087	−0.183%	$7.5M	$10.1M	20x	as long as short
Aster HYPEUSDT	+0.0083%	4h	95.124	−0.144%	$9.0M	$36.4M	300x	as long as short
SoDEX HYPE-USD	+0.0089%	1h	95.139	−0.128%	$2.1M	$1.7M	10x	as long as short
Lighter HYPE	+0.0096%	1h	95.145	−0.122%	$16.3M	$64.2M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	95.148	−0.119%	$3.2M	$10.4M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	95.207	−0.057%	$273K	$1.3M	50x	as long as short
edgeX HYPEUSDC	+0.0097%	4h	95.221	−0.042%	$5.1M	$31.0M	30x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	95.180	−0.085%	$40K	$1.5M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	95.205	−0.059%	$7.2M	$55.5M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	95.250	−0.012%	$2.10B	$672.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	95.199	−0.065%	$10.3M	$14.1M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	95.138	−0.129%	$382.9M	$910.4M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	95.176	−0.089%	$222K	$14K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	95.124	−0.144%	$87.3M	$89.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	95.139	−0.128%	$47.5M	$18.3M	75x	as long as short
Variational Omni HYPE	+0.0100%	8h	95.229	−0.033%	$29.9M	$55.8M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	95.275	+0.015%	$7.7M	$43.5M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	95.259	−0.002%	$349K	$1.0M	50x	as long as short
StandX HYPE-USDlong	+0.0100%	1h	95.261	long leg	$693K	$2.7M	20x
Polymarket Perps HYPE-USD	+0.0100%	1h	95.201	−0.063%	$501K	$2.6M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	95.063	−0.208%	$33K	$1.5M	20x	as long as short
HTX HYPE-USDT	+0.0100%	4h	95.289	+0.029%	$1.4M	$6.7M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	95.150	−0.117%	$18.2M	$42.1M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	95.160	−0.106%	$402K	$136K	20x	as long as short
RISEx HYPE/USDC	+0.0133%	1h	95.178	−0.087%	$3.2M	$6.3M	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0149%	1h	95.234	−0.028%	$7.5M	$4.4M	50x	as long as short
Injective HYPE/USDC PERP	+0.0153%	1h	95.480	+0.230%	$31K	$340K	12x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	95.129	−0.139%	$84K	$92K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0330% / S −0.0155%	1h	95.211	−0.052%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	95.168	−0.098%	$17.2M	$12.3M	75x	as long as short