Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

HYPE

all HYPE markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 07:00 UTC+0.0316%/8h= +34.6% APRpaid last 24h +0.037%
Price spread now: Kraken Futures against SunX+0.010%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$740.743% of the position
Long on SunXShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days+0.115%+$12 on $10k
Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.010%, 7d avg −0.021%
Together, before fees+0.058%+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Kraken Futures is 0.031% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.021%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.115% in total (about 6.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX HYPE-USDT93.4040.0100pay 0.0050% / 4h1h 36m$32K$1.6M20x
ShortKraken Futures PF_HYPEUSD93.4130.0416get 0.0052% / 1h36m 06s$20.8M$29.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against SunX. 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

Funding earned
$66.43
Price spread: +0.010% → −0.021%
$3.1
Slippage, 4 orders
−$56.33
Fee SunX: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$4.8
Costs to cover
0.743%
Break-even
7.5 days
Slippage from SunX: live order book, 9 min ago; Kraken Futures: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 9 min ago19.33 bp24.1 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures live order book, 3 min ago0.27 bp7.6 bp −$88.0 bp −$8015.5 bp −$1,54951.0 bp −$25.5K

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−0.1056%1h93.428+0.026%$198K$240K7xas long as short
Aftermath Perps HYPEUSD−0.0190%1h93.549+0.156%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0103%1h93.340−0.069%$703K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.463+0.063%$3K$33125xas long as short
Bullet HYPE-USD−0.0066%1h93.329−0.080%$110K$580K20xas long as short
01 Exchange HYPEUSD−0.0048%1h93.413+0.010%$86K$369K20xas long as short
Bluefin HYPE-PERP−0.0033%1h93.313−0.097%$79K$155K20xas long as short
Orderly PERP_HYPE_USDC−0.0021%4h93.327−0.082%$145K$685K20xas long as short
dYdX HYPE-USD0.0000%1h93.447+0.046%$128K$28K5xas long as short
Kalshi KXHYPEPERP0.0000%8h93.470+0.071%$1.8M$5.6M2.3xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Perpl HYPE0.0000%43m93.408+0.004%$20K$289K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h93.368−0.039%$83K—150xas long as short
Bybit HYPEUSDT+0.0002%8h93.324−0.086%$314.9M$288.0M75xas long as short
BingX HYPE-USDT+0.0002%4h93.335−0.074%—$53.6M—as long as short
Derive HYPE-PERP+0.0010%1h93.422+0.020%$16.2M$7.4M10xas long as short
Phoenix HYPE+0.0017%1h93.482+0.084%$209K$1.1M10xas long as short
Bitget HYPEUSDT+0.0042%4h93.359−0.048%$225.0M$99.8M75xas long as short
Paradex HYPE-USD-PERP+0.0077%8h93.429+0.026%$334K$161K20xas long as short
Arcus HYPE-USD+0.0084%1h93.375−0.031%$1.0M$4.0M10xas long as short
edgeX HYPEUSDC+0.0086%4h93.443+0.042%$5.0M$30.5M30xas long as short
Phemex HYPEUSDT+0.0090%8h93.387−0.018%$12.7M$2.8M50xas long as short
Lighter HYPE+0.0096%1h93.356−0.051%$16.1M$63.9M20xas long as short
Lighter RH HYPE+0.0096%1h93.365−0.042%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.390−0.015%$80K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.400−0.004%$21K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.402−0.002%$7.4M$50.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.445+0.044%$2.04B$681.3M10xas long as short
Aster HYPEUSDT+0.0100%4h93.366−0.040%$8.8M$37.1M300xas long as short
Pacifica HYPE+0.0100%1h93.433+0.031%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.349−0.059%$373.7M$930.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.342−0.066%$115.2M$314.6M50xas long as short
Gate HYPE_USDT+0.0100%4h93.347−0.061%$48.4M$55.2M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.351−0.057%$89.2M$83.9M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.360−0.047%$46.2M$18.7M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.365−0.042%$7.2M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h93.479+0.080%$28.6M$56.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.540+0.146%$7.5M$48.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.577+0.185%$347K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.507+0.110%$677K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h93.455+0.055%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.396−0.009%$469K$2.8M20xas long as short
SunX HYPE-USDTlong+0.0100%4h93.404long leg$32K$1.6M20x
SoDEX HYPE-USD+0.0100%1h93.342−0.066%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.500+0.103%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.507+0.110%$216K$15K10xas long as short
Extended HYPE-USD+0.0104%1h93.318−0.092%$18.2M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.344−0.065%$395K$159K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.390−0.015%$4.7M$6.1M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.430+0.028%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0271%1h93.348−0.060%$77K$129K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0332% / S −0.0154%1h93.388−0.017%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0339%1h93.435+0.033%$7.4M$4.2M50xas long as short
BloFin HYPE-USDT+0.0340%4h93.480+0.081%$16.9M$12.2M75xas long as short
Kraken Futures PF_HYPEUSDshort+0.0416%1h93.413+0.010%$20.8M$29.6M50x
RISEx HYPE/USDC+0.0559%1h93.388−0.018%$3.2M$6.4M20xas long as short