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Funding arb · Price arb /

HYPE

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0722%/8h= +79.0% APRpaid last 24h +0.028%
Price spread now: Kraken Futures against Aster+0.064%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$250.255% of the position
Long on AsterShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days+0.123%+$12 on $10k
Price spread, last 3 days (all we have)−0.084%−$8 · spread now +0.064%, 7d avg +0.046%
Together, before fees+0.039%+ Points / potential airdropAster: Stage 5 · farm board+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.046%, so right now this pair is about funding alone: +$22 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 0.123% in total (about 6.4% 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
LongAster HYPEUSDT93.188−0.0038get 0.0019% / 4h2h 41m$8.8M$36.2M300x
ShortKraken Futures PF_HYPEUSD93.2480.0684get 0.0085% / 1h41m 28s$20.8M$30.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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
$151.52
Price spread: +0.064% → +0.046%
$1.78
Slippage, 4 orders
−$7.49
Fee Aster: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$127.81
Costs to cover
0.255%
Break-even
1.1 days
Slippage from Aster: live order book, 3 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 Aster live order book, 3 min ago0.27 bp4.3 bp −$46.0 bp −$6015.0 bp −$1,495doesn't fit
Sell Kraken Futures live order book, 3 min ago0.86 bp8.0 bp −$810.9 bp −$10921.5 bp −$2,15361.3 bp −$30.7K

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−0.0968%1h93.103−0.091%$196K$229K7xas long as short
Arcus HYPE-USD−0.0786%1h93.079−0.117%$1.2M$3.9M10xas long as short
Aftermath Perps HYPEUSD−0.0163%1h93.316+0.138%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0138%1h93.140−0.052%$696K$977K10xas long as short
Backpack HYPE_USDC_PERP−0.0100%1h93.147−0.044%$7.8M$10.4M20xas long as short
01 Exchange HYPEUSD−0.0080%1h93.209+0.023%$84K$359K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.185−0.003%$3K$33125xas long as short
Gate HYPE_USDT−0.0080%4h93.193+0.005%$44.1M$54.1M75xas long as short
Orderly PERP_HYPE_USDC−0.0056%4h93.107−0.087%$155K$652K20xas long as short
Aster HYPEUSDTlong−0.0038%4h93.188long leg$8.8M$36.2M300x
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bluefin HYPE-PERP−0.0023%1h93.083−0.113%$79K$173K20xas long as short
Phemex HYPEUSDT−0.0023%8h93.218+0.032%$12.6M$2.7M50xas long as short
dYdX HYPE-USD0.0000%1h93.166−0.024%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.192+0.004%$22K$333K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0003%1h93.129−0.064%$25K—150xas long as short
Bybit HYPEUSDT+0.0005%8h93.170−0.019%$318.4M$283.6M75xas long as short
BingX HYPE-USDT+0.0006%4h93.185−0.003%—$54.2M—as long as short
Bullet HYPE-USD+0.0038%1h93.176−0.013%$111K$579K20xas long as short
Binance HYPEUSDT+0.0039%4h93.196+0.009%$379.2M$905.9M75xas long as short
MEXC HYPE_USDT+0.0042%4h93.205+0.018%$87.9M$82.5M100xas long as short
edgeX HYPEUSDC+0.0056%4h93.325+0.147%$5.1M$29.8M30xas long as short
Phoenix HYPE+0.0060%1h93.266+0.084%$212K$1.2M10xas long as short
OKX HYPE-USDT-SWAP+0.0064%8h93.181−0.008%$114.8M$314.9M50xas long as short
Derive HYPE-PERP+0.0065%1h93.091−0.104%$16.2M$7.6M10xas long as short
Aevo HYPE-PERP+0.0088%1h93.094−0.100%$396K$177K20xas long as short
Paradex HYPE-USD-PERP+0.0095%8h93.219+0.033%$339K$165K20xas long as short
Lighter HYPE+0.0096%1h93.167−0.023%$16.4M$62.2M20xas long as short
Lighter RH HYPE+0.0096%1h93.166−0.024%$3.1M$11.8M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.205+0.018%$66K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.250+0.067%$35K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.199+0.012%$6.6M$44.8M10xas long as short
Hyperliquid HYPE+0.0100%1h93.277+0.095%$2.04B$676.1M10xas long as short
Pacifica HYPE+0.0100%1h93.210+0.024%$10.0M$14.7M20xas long as short
Bulk HYPE-USD+0.0100%1h93.404+0.231%$203K$10K10xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.196+0.009%$45.9M$18.4M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.202+0.015%$225.5M$100.8M75xas long as short
Variational Omni HYPE+0.0100%8h93.241+0.056%$30.9M$55.0M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.215+0.029%$7.5M$47.7M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.355+0.179%$337K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h93.389+0.216%$666K$2.6M20xas long as short
Vest HYPE-PERP+0.0100%1h93.234+0.049%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.216+0.030%$466K$2.5M20xas long as short
SunX HYPE-USDT+0.0100%4h93.178−0.011%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.155−0.035%$2.0M$2.0M10xas long as short
Extended HYPE-USD+0.0104%1h93.183−0.006%$18.4M$44.4M50xas long as short
Coinbase International HYPE-PERP-INTX+0.0136%1h93.240+0.056%$4.9M$5.5M50xas long as short
Injective HYPE/USDC PERP+0.0137%1h93.330+0.152%$30K$338K12xas long as short
BloFin HYPE-USDT+0.0175%4h93.407+0.235%$17.0M$12.1M75xas long as short
RISEx HYPE/USDC+0.0210%1h93.242+0.058%$2.7M$6.7M20xas long as short
HTX HYPE-USDT+0.0241%4h93.300+0.120%$1.4M$6.1M75xas long as short
Reya HYPERUSDPERP+0.0254%1h93.186−0.002%$79K$142K15xas long as short
Kalshi KXHYPEPERP+0.0260%8h93.223+0.038%$1.9M$5.2M2.3xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0334% / S −0.0158%1h93.137−0.055%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0437%1h93.225+0.040%$7.4M$4.5M50xas long as short
Kraken Futures PF_HYPEUSDshort+0.0684%1h93.248+0.064%$20.8M$30.0M50x