HYPE

Alert

Funding spread now, next payment 16:00 UTC+0.0511%/8h

paid, last 24h−0.008%paid, last 3 days+0.164%to open and closeno order book

Long on Katana Perps Short on Kraken Futures

The current rate is far above what this pair has been paying: over the last 3 days it paid 0.164% in total (about 18.0% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps HYPE-USD	93.180	0.0099	pay 0.0099% / 8h	29m 09s	$20K	$1.7M	10x
Short	Kraken Futures PF_HYPEUSD	93.344	0.0611	get 0.0076% / 1h	29m 09s	$16.5M	$21.3M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Katana PerpsbpFee Kraken FuturesbpOrdersRate

Funding earned: $107.4
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $93.6
Break-even: 0.9 days

Slippage unknown: Katana Perps: no order-book sample; Kraken Futures: live order book, 1 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.176%
Avg gap 7d: +0.051%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Katana Perps no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 1 min ago	1.88 bp	7.6 bp −$8	11.0 bp −$110	17.1 bp −$1,713	64.4 bp −$32.2K

Katana Perps: 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 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.0360%	1h	$207K	$199K	7x	as long as short
Orderly PERP_HYPE_USDC	−0.0141%	4h	$169K	$376K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
BingX HYPE-USDT	−0.0016%	4h	—	$51.9M	—	as long as short
OKX HYPE-USDT-SWAP	−0.0012%	8h	$115.8M	$312.8M	50x	as long as short
Bybit HYPEUSDT	−0.0008%	8h	$325.5M	$284.9M	75x	as long as short
Perpl HYPE	0.0000%	43m	$32K	$340K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	$33K	—	150x	as long as short
dYdX HYPE-USD	+0.0043%	1h	$127K	$26K	5x	as long as short
Gate HYPE_USDT	+0.0072%	4h	$44.3M	$55.1M	75x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Lighter HYPE	+0.0096%	1h	$18.6M	$57.3M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.2M	$11.8M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$152K	$1.1M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0096%	1h	$4.9M	$5.3M	50x	as long as short
Katana Perps HYPE-USDlong	+0.0099%	8h	$20K	$1.7M	10x
Nado HYPE-PERP	+0.0100%	1h	$5.7M	$42.7M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	$8.5M	$35.7M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	$11.3M	$12.3M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$395.4M	$822.1M	75x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$698K	$973K	10x	as long as short
Arcus HYPE-USD	+0.0100%	1h	$1.2M	$4.2M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$212K	$10K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$95.3M	$85.4M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$43.7M	$20.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$229.2M	$100.3M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.3M	$9.0M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$29.7M	$52.3M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$425K	$967K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$705K	$2.1M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	—	$407K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	$461K	$2.5M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$111K	$580K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$72K	$197K	20x	as long as short
Derive HYPE-PERP	+0.0100%	1h	$16.5M	$7.1M	10x	as long as short
SunX HYPE-USDT	+0.0100%	4h	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	$2.0M	$1.9M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	$12.6M	$2.3M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0103%	8h	$336K	$288K	20x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.1M	$41.4M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$396K	$340K	20x	as long as short
edgeX HYPEUSDC	+0.0104%	4h	$5.0M	$27.6M	30x	as long as short
01 Exchange HYPEUSD	+0.0112%	1h	$84K	$301K	20x	as long as short
Kalshi KXHYPEPERP	+0.0143%	8h	$1.6M	$4.5M	2.3x	as long as short
Aftermath Perps HYPEUSD	+0.0146%	1h	$22K	$34K	10x	as long as short
Hyperliquid HYPE	+0.0156%	1h	$2.02B	$602.3M	10x	as long as short
Reya HYPERUSDPERP	+0.0222%	1h	$73K	$168K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$18.1M	$12.4M	75x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0344% / S −0.0161%	1h	$1.5M	—	100x	as long as short
Phoenix HYPE	+0.0357%	1h	$294K	$1.1M	10x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0372%	1h	$7.3M	$4.6M	50x	as long as short
HTX HYPE-USDT	+0.0397%	4h	$1.5M	$6.7M	75x	as long as short
RISEx HYPE/USDC	+0.0500%	1h	$2.5M	$7.3M	20x	as long as short
Kraken Futures PF_HYPEUSDshort	+0.0611%	1h	$16.5M	$21.3M	50x
Injective HYPE/USDC PERP	+0.1001%	1h	$23K	$320K	12x	as long as short