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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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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
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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+0.0412%/8h= +45.2% APRnext payment +$0.52 per $10,000 · paid last 24h +0.066%
Price spread now: Kraken Futures against gTrade (Gains Network)+0.034%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on gTrade (Gains Network)Short on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Kraken Futures is 0.034% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) HYPE/USD93.737L +0.0002% / S −0.0002%pay 0.0000% / 1h51m 17s$63K—150x
ShortKraken Futures PF_HYPEUSD93.7680.0415get 0.0052% / 1h51m 17s$20.9M$29.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against gTrade (Gains Network). 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
$86.61
Price spread: +0.034% → 0.000%
$3.41
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$70.03
Costs to cover
0.200%
Break-even
1.3 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Kraken Futures: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample—————
Sell Kraken Futures live order book, 3 min ago2.13 bp10.3 bp −$1013.0 bp −$13016.3 bp −$1,63359.1 bp −$29.5K
gTrade (Gains Network): 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.1160%1h93.719−0.019%$199K$242K7xas long as short
Aftermath Perps HYPEUSD−0.0263%1h93.883+0.156%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0109%1h93.630−0.114%$706K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.712−0.026%$3K$33125xas long as short
01 Exchange HYPEUSD−0.0064%1h93.732−0.005%$86K$372K20xas long as short
Bullet HYPE-USD−0.0040%1h93.703−0.036%$111K$581K20xas long as short
Bluefin HYPE-PERP−0.0036%1h93.694−0.045%$79K$156K20xas long as short
Orderly PERP_HYPE_USDC−0.0019%4h93.672−0.069%$149K$681K20xas long as short
dYdX HYPE-USD0.0000%1h93.734−0.003%$129K$29K5xas long as short
Perpl HYPE0.0000%43m93.729−0.008%$22K$285K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDlongL +0.0002% / S −0.0002%1h93.737long leg$63K—150x
BingX HYPE-USDT+0.0010%4h93.705−0.034%—$53.8M—as long as short
Bybit HYPEUSDT+0.0013%8h93.684−0.056%$316.5M$287.6M75xas long as short
Phoenix HYPE+0.0017%1h93.780+0.046%$210K$1.1M10xas long as short
Bitget HYPEUSDT+0.0040%4h93.700−0.039%$225.7M$99.5M75xas long as short
Phemex HYPEUSDT+0.0064%8h93.747+0.011%$12.8M$2.8M50xas long as short
ApeX Omni HYPEUSDT+0.0074%1h93.801+0.069%$348K$1.0M50xas long as short
Arcus HYPE-USD+0.0084%1h93.681−0.059%$1.0M$4.0M10xas long as short
Paradex HYPE-USD-PERP+0.0086%8h93.740+0.004%$335K$161K20xas long as short
edgeX HYPEUSDC+0.0091%4h93.758+0.023%$5.0M$30.5M30xas long as short
Derive HYPE-PERP+0.0092%1h93.670−0.071%$16.3M$7.5M10xas long as short
Lighter HYPE+0.0096%1h93.715−0.023%$16.2M$63.5M20xas long as short
Lighter RH HYPE+0.0096%1h93.713−0.025%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.724−0.013%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.700−0.039%$23K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.698−0.041%$7.4M$50.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.789+0.056%$2.05B$681.3M10xas long as short
Aster HYPEUSDT+0.0100%4h93.716−0.022%$8.9M$37.4M300xas long as short
Pacifica HYPE+0.0100%1h93.735−0.002%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.700−0.039%$375.7M$930.4M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.692−0.047%$115.7M$316.2M50xas long as short
Gate HYPE_USDT+0.0100%4h93.704−0.035%$48.4M$54.9M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.697−0.042%$89.0M$83.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.707−0.031%$46.3M$18.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.736−0.001%$7.2M$10.8M20xas long as short
Variational Omni HYPE+0.0100%8h93.759+0.024%$28.7M$56.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.822+0.091%$7.6M$48.1M10xas long as short
StandX HYPE-USD+0.0100%1h93.767+0.033%$679K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.768+0.033%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.725−0.012%$470K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.774+0.040%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.700−0.039%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.923+0.199%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.731−0.006%$216K$15K10xas long as short
Extended HYPE-USD+0.0104%1h93.668−0.073%$18.2M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.697−0.042%$396K$159K20xas long as short
Kalshi KXHYPEPERP+0.0107%8h93.828+0.098%$1.8M$5.6M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.760+0.025%$4.7M$6.1M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h94.610+0.932%$31K$339K12xas long as short
Reya HYPERUSDPERP+0.0271%1h93.683−0.057%$77K$130K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h93.736−0.001%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0337%1h93.800+0.068%$7.4M$4.2M50xas long as short
BloFin HYPE-USDT+0.0340%4h93.769+0.035%$17.0M$12.2M75xas long as short
Kraken Futures PF_HYPEUSDshort+0.0415%1h93.768+0.034%$20.9M$29.6M50x
RISEx HYPE/USDC+0.0559%1h93.753+0.017%$3.2M$6.4M20xas long as short