HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0895%/8h= −98.0% APRnext payment −$1.12 per $10,000 · paid last 24h −0.013%

Price spread now: Aftermath Perps against Kraken Futures−0.155%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Aftermath Perps

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 against this trade now: funding costs −$27 a day on $10k at the current rate, and Aftermath Perps is 0.155% cheaper against Kraken Futures than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_HYPEUSD	94.290	0.0670	pay 0.0084% / 1h	25m 39s	$21.1M	$29.7M	50x
Short	Aftermath Perps HYPEUSD	94.144	−0.0225	pay 0.0028% / 1h	25m 39s	$22K	$21K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Kraken Futures. 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

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Aftermath PerpsbpOrdersPrice spread, now −0.155%Rate

Funding earned: −$187.87
Price spread: −0.155% → 0.000%: −$15.52
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$222.39
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 3 min ago; Aftermath Perps: no order-book sample. Net counts fees only.

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 Kraken Futures live order book, 3 min ago	1.33 bp	8.8 bp −$9	14.1 bp −$141	20.5 bp −$2,053	62.6 bp −$31.3K
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath 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 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	−0.1376%	1h	94.105	−0.196%	$199K	$228K	7x	as long as short
Arcus HYPE-USD	−0.0625%	1h	94.076	−0.227%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps HYPEUSDshort	−0.0225%	1h	94.144	−0.155%	$22K	$21K	10x
Ondo Perps HYPE-USD.P	−0.0142%	1h	94.090	−0.212%	$711K	$959K	10x	as long as short
dYdX HYPE-USD	−0.0131%	1h	94.204	−0.091%	$129K	$31K	5x	as long as short
Phemex HYPEUSDT	−0.0115%	8h	94.166	−0.132%	$12.8M	$2.6M	50x	as long as short
Bullet HYPE-USD	−0.0102%	1h	94.160	−0.138%	$113K	$580K	20x	as long as short
01 Exchange HYPEUSD	−0.0080%	1h	94.172	−0.125%	$86K	$359K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.124	−0.176%	$3K	$331	25x	as long as short
Bybit HYPEUSDT	−0.0020%	8h	94.150	−0.149%	$323.4M	$280.4M	75x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_HYPE_USDC	−0.0019%	4h	94.155	−0.143%	$160K	$645K	20x	as long as short
Perpl HYPE	0.0000%	43m	94.135	−0.165%	$23K	$327K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	94.206	−0.089%	$27K	—	150x	as long as short
Gate HYPE_USDT	+0.0014%	4h	94.179	−0.118%	$44.6M	$59.8M	75x	as long as short
Aster HYPEUSDT	+0.0020%	4h	94.166	−0.132%	$8.9M	$36.1M	300x	as long as short
Phoenix HYPE	+0.0034%	1h	94.121	−0.180%	$219K	$1.2M	10x	as long as short
Derive HYPE-PERP	+0.0040%	1h	94.146	−0.153%	$16.5M	$7.3M	10x	as long as short
MEXC HYPE_USDT	+0.0048%	4h	94.205	−0.090%	$89.4M	$82.7M	100x	as long as short
Binance HYPEUSDT	+0.0051%	4h	94.188	−0.109%	$384.2M	$893.4M	75x	as long as short
edgeX HYPEUSDC	+0.0059%	4h	94.004	−0.304%	$5.1M	$29.9M	30x	as long as short
OKX HYPE-USDT-SWAP	+0.0079%	8h	94.170	−0.128%	$116.1M	$318.6M	50x	as long as short
Lighter HYPE	+0.0096%	1h	94.238	−0.055%	$19.2M	$59.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.221	−0.073%	$3.0M	$12.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.168	−0.130%	$66K	$1.2M	50x	as long as short
Aevo HYPE-PERP	+0.0096%	1h	94.165	−0.133%	$401K	$180K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0099%	8h	94.207	−0.089%	$342K	$165K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.130	−0.170%	$24K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.147	−0.151%	$6.6M	$44.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.296	+0.006%	$2.06B	$677.6M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	94.210	−0.085%	$10.2M	$14.6M	20x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.209	−0.086%	$46.7M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	94.188	−0.108%	$228.4M	$100.8M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	94.160	−0.138%	—	$54.0M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.159	−0.139%	$7.7M	$10.4M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.149	−0.149%	$31.5M	$54.0M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.088	−0.215%	$7.6M	$46.0M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	94.057	−0.247%	$340K	$1.1M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	94.130	−0.170%	$681K	$2.6M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	94.187	−0.109%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.186	−0.111%	$481K	$2.5M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	94.183	−0.114%	$76K	$170K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.246	−0.047%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.195	−0.101%	$2.0M	$2.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.151	−0.148%	$205K	$2K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.145	−0.154%	$18.8M	$44.4M	50x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0144%	1h	94.030	−0.276%	$4.9M	$5.5M	50x	as long as short
BloFin HYPE-USDT	+0.0198%	4h	94.138	−0.161%	$17.0M	$12.2M	75x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	94.490	+0.212%	$31K	$338K	12x	as long as short
RISEx HYPE/USDC	+0.0222%	1h	94.183	−0.114%	$2.8M	$6.7M	20x	as long as short
Kalshi KXHYPEPERP	+0.0225%	8h	94.221	−0.073%	$1.9M	$5.1M	2.3x	as long as short
Reya HYPERUSDPERP	+0.0251%	1h	94.167	−0.131%	$79K	$142K	15x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0155%	1h	94.212	−0.083%	$1.4M	—	100x	as long as short
HTX HYPE-USDT	+0.0415%	4h	94.349	+0.062%	$1.5M	$6.3M	75x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0429%	1h	94.289	−0.001%	$7.5M	$4.6M	50x	as long as short
Kraken Futures PF_HYPEUSDlong	+0.0670%	1h	94.290	long leg	$21.1M	$29.7M	50x