Funding you earn now, next payment 08:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h 0.000%
Price spread now: edgeX against Kalshi+0.074%7-day average −0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$280.282% of the position
Funding, last 7 days+0.176%+$18 on $10k
+Price spread, last 7 days−0.139%−$14 · spread now +0.074%, 7d avg −0.037%
=Together, before fees+0.037%+ Points / potential airdropedgeX: Active · farm board+$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.111% dearer against Kalshi than usual: you sell high and buy low (spread +0.074% now, against its 7-day average of −0.037%): +$11 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 33 days. Mind the row above: over the last 7 days funding on this pair paid +0.176%, 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 | Kalshi KXHYPEPERP | 93.184 | 0.0109 | pay 0.0109% / 8h | 6h 26m | $1.8M | $5.6M | 2.3x |
| Short | edgeX HYPEUSDC | 93.253 | 0.0098 | get 0.0049% / 4h | 2h 26m | $5.0M | $29.9M | 30x |
Kalshi KXHYPEPERP
edgeX HYPEUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Kalshi. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$2.33
- Price spread: +0.074% → −0.037%
- $11.13
- Slippage, 4 orders
- −$9.19
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$19.39
- Costs to cover
- 0.282%
- Break-even
- never at this rate
Slippage from Kalshi: live order book, 2 min ago; edgeX: live order book, 3 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 Kalshi live order book, 2 min ago | 3.06 bp | 8.2 bp −$8 | 12.3 bp −$123 | 19.9 bp −$1,994 | doesn't fit |
| Sell edgeX live order book, 3 min ago | 0.22 bp | 4.7 bp −$5 | 4.9 bp −$49 | 140.2 bp −$14.0K | doesn't fit |
HYPE on 55 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 | −0.1472% | 1h | 93.064 | −0.129% | $197K | $237K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0363% | 1h | 93.229 | +0.048% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.092 | −0.099% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0074% | 1h | 93.059 | −0.134% | $111K | $580K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0023% | 4h | 93.114 | −0.075% | $146K | $665K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0008% | 1h | 93.152 | −0.034% | $87K | $365K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.139 | −0.048% | $128K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.086 | −0.105% | $22K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.133 | −0.054% | $62K | — | 150x | as long as short |
| Arcus HYPE-USD | +0.0011% | 1h | 93.102 | −0.088% | $1.0M | $3.9M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
Orderly PERP_HYPE_USDC
01 Exchange HYPEUSD
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Arcus HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget HYPEUSDT | +0.0012% | 4h | 93.097 | −0.093% | $224.9M | $98.8M | 75x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0017% | 1h | 93.080 | −0.112% | $702K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0017% | 8h | 93.092 | −0.099% | $316.3M | $282.5M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.282 | +0.105% | $207K | $1.2M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0056% | 8h | 93.129 | −0.059% | $12.7M | $2.8M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0094% | 8h | 93.172 | −0.012% | $339K | $157K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.143 | −0.044% | $16.1M | $63.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.135 | −0.053% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.130 | −0.058% | $75K | $1.2M | 50x | as long as short |
| edgeX HYPEUSDCshort | +0.0098% | 4h | 93.253 | +0.074% | $5.0M | $29.9M | 30x | |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.120 | −0.069% | $28K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.120 | −0.068% | $7.9M | $48.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.167 | −0.018% | $2.03B | $669.2M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.120 | −0.069% | $8.7M | $36.4M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.157 | −0.029% | $10.0M | $15.3M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.129 | −0.059% | $373.2M | $912.0M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.089 | −0.102% | $114.3M | $308.5M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.230 | +0.049% | $215K | $15K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.121 | −0.068% | $46.7M | $54.4M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.134 | −0.054% | $90.8M | $81.2M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.135 | −0.053% | $46.0M | $18.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.129 | −0.059% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.147 | −0.040% | $7.3M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.131 | −0.057% | $28.5M | $56.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.241 | +0.061% | $7.5M | $47.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.281 | +0.104% | $342K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.185 | +0.001% | $667K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.167 | −0.018% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.121 | −0.068% | $482K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.087 | −0.104% | $79K | $166K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.080 | −0.111% | $16.1M | $7.4M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.132 | −0.056% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.094 | −0.097% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.300 | +0.124% | $1.4M | $6.5M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.097 | −0.093% | $18.1M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.088 | −0.103% | $394K | $158K | 20x | as long as short |
| Kalshi KXHYPEPERPlong | +0.0109% | 8h | 93.184 | long leg | $1.8M | $5.6M | 2.3x | |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 93.620 | +0.468% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.150 | −0.036% | $4.6M | $5.8M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0269% | 1h | 93.094 | −0.096% | $80K | $127K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0154% | 1h | 93.120 | −0.069% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.096 | −0.094% | $16.8M | $11.9M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0342% | 1h | 93.162 | −0.023% | $20.8M | $29.5M | 50x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0512% | 1h | 93.192 | +0.009% | $7.5M | $4.0M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 93.198 | +0.014% | $3.2M | $6.3M | 20x | as long as short |
Bitget HYPEUSDT
Ondo Perps HYPE-USD.P
Bybit HYPEUSDT
Phoenix HYPE
Phemex HYPEUSDT
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Kraken Futures PF_HYPEUSD
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC