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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0242%/8h= +26.5% APRpaid last 24h +0.056%
Price spread now: Kraken Futures against BingX+0.044%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$300.304% of the position
Long on BingXShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days+0.208%+$21 on $10k
Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.044%, 7d avg +0.051%
Together, before fees+0.201%+$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.051%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX HYPE-USDT94.367−0.0019get 0.0009% / 4h12m 13s—$52.8M—
ShortKraken Futures PF_HYPEUSD94.4080.0223get 0.0028% / 1h12m 13s$20.2M$30.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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
$50.74
Price spread: +0.044% → +0.051%
−$0.74
Slippage, 4 orders
−$10.38
Fee BingX: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$19.62
Costs to cover
0.304%
Break-even
4.3 days
Slippage from BingX: live order book, 7 min ago; Kraken Futures: live order book, 2 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 BingX live order book, 7 min ago0.11 bp5.5 bp −$55.8 bp −$5810.8 bp −$1,08415.3 bp −$7,662
Sell Kraken Futures live order book, 2 min ago0.26 bp12.5 bp −$1316.2 bp −$16222.0 bp −$2,20171.4 bp −$35.7K

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−0.1672%1h94.413+0.049%$204K$266K7xas long as short
Bluefin HYPE-PERP−0.0393%1h94.351−0.017%$80K$151K20xas long as short
Ondo Perps HYPE-USD.P−0.0215%1h94.390+0.024%$712K$1.2M10xas long as short
Bullet HYPE-USD−0.0186%1h94.400+0.035%$112K$575K20xas long as short
Aftermath Perps HYPEUSD−0.0166%1h94.421+0.057%$22K$20K10xas long as short
01 Exchange HYPEUSD−0.0112%1h94.428+0.065%$88K$365K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.442+0.079%$3K$33125xas long as short
Arcus HYPE-USD−0.0045%1h94.413+0.049%$1.0M$3.5M10xas long as short
Derive HYPE-PERP−0.0036%1h94.320−0.050%$16.4M$7.4M10xas long as short
Lighter HYPE−0.0032%1h94.379+0.013%$16.4M$64.6M20xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit HYPEUSDT−0.0021%8h94.361−0.006%$317.1M$288.8M75xas long as short
BingX HYPE-USDTlong−0.0019%4h94.367long leg—$52.8M—
Orderly PERP_HYPE_USDC−0.0008%4h94.355−0.013%$147K$686K20xas long as short
dYdX HYPE-USD0.0000%1h94.464+0.103%$130K$94K5xas long as short
Kalshi KXHYPEPERP0.0000%8h94.507+0.148%$1.9M$5.6M2.3xas long as short
Phoenix HYPE0.0000%1h94.527+0.170%$209K$1.1M10xas long as short
Perpl HYPE0.0000%43m94.422+0.058%$19K$286K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S 0.0000%1h94.410+0.046%$124K—150xas long as short
Polymarket Perps HYPE-USD+0.0014%1h94.443+0.081%$498K$2.8M20xas long as short
Bitget HYPEUSDT+0.0022%4h94.351−0.017%$226.5M$100.1M75xas long as short
Phemex HYPEUSDT+0.0035%8h94.376+0.010%$12.9M$2.9M50xas long as short
Paradex HYPE-USD-PERP+0.0038%8h94.449+0.087%$337K$154K20xas long as short
Vest HYPE-PERP+0.0048%1h94.495+0.135%—$190K5xas long as short
SoDEX HYPE-USD+0.0054%1h94.375+0.008%$2.1M$1.9M10xas long as short
Coinbase International HYPE-PERP-INTX+0.0064%1h94.420+0.056%$4.7M$6.2M50xas long as short
OKX HYPE-USDT-SWAP+0.0065%8h94.374+0.007%$117.7M$325.1M50xas long as short
edgeX HYPEUSDC+0.0083%4h94.403+0.038%$5.0M$30.8M30xas long as short
Gate HYPE_USDT+0.0090%4h94.371+0.004%$50.3M$56.8M75xas long as short
Lighter RH HYPE+0.0096%1h94.379+0.013%$3.2M$10.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.416+0.052%$79K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h94.400+0.035%$28K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h94.412+0.047%$7.2M$52.9M10xas long as short
Hyperliquid HYPE+0.0100%1h94.464+0.103%$2.08B$688.5M10xas long as short
Aster HYPEUSDT+0.0100%4h94.397+0.031%$8.8M$37.1M300xas long as short
Pacifica HYPE+0.0100%1h94.444+0.081%$10.2M$15.0M20xas long as short
Binance HYPEUSDT+0.0100%4h94.378+0.012%$378.4M$932.8M75xas long as short
Bulk HYPE-USD+0.0100%1h94.307−0.064%$218K$12K10xas long as short
MEXC HYPE_USDT+0.0100%4h94.374+0.007%$89.6M$84.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.360−0.007%$46.9M$18.9M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.344−0.024%$7.6M$10.6M20xas long as short
Variational Omni HYPE+0.0100%8h94.390+0.025%$29.6M$54.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.449+0.087%$7.6M$45.8M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.394+0.029%$353K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h94.454+0.092%$683K$2.6M20xas long as short
SunX HYPE-USDT+0.0100%4h94.493+0.134%$32K$1.6M20xas long as short
HTX HYPE-USDT+0.0100%4h94.512+0.154%$1.4M$6.8M75xas long as short
Extended HYPE-USD+0.0104%1h94.342−0.026%$18.3M$43.1M50xas long as short
Aevo HYPE-PERP+0.0104%1h94.364−0.003%$399K$153K20xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0150% / S +0.0022%1h94.434+0.071%$1.4M—100xas long as short
Injective HYPE/USDC PERP+0.0185%1h94.740+0.395%$31K$340K12xas long as short
Kraken Futures PF_HYPEUSDshort+0.0223%1h94.408+0.044%$20.2M$30.2M50x
Deribit HYPE_USDC-PERPETUAL+0.0237%1h94.467+0.106%$7.4M$4.3M50xas long as short
RISEx HYPE/USDC+0.0249%1h94.446+0.084%$3.2M$6.4M20xas long as short
Reya HYPERUSDPERP+0.0272%1h94.398+0.033%$83K$122K15xas long as short
BloFin HYPE-USDT+0.0340%4h94.436+0.073%$17.1M$12.4M75xas long as short