Funding you earn now, next payment 06:00 UTC−0.0242%/8h= −26.5% APRnext payment −$0.30 per $10,000 · paid last 24h −0.035%
Price spread now: ApeX Omni against Kraken Futures+0.132%75s7-day average −0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$380.378% of the position
Funding, last 7 days−0.113%−$11 on $10k
+Price spread, last 4 days (all we have)−0.234%−$23 · spread now +0.132%, 7d avg −0.045%
=The price spread pays, funding is against you. ApeX Omni is 0.177% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of −0.045%): +$18 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 7 days (−0.113% in total) that is about 11 days. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.113% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.30 per $10,000. 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 | Kraken Futures PF_HYPEUSD | 93.158 | 0.0342 | pay 0.0043% / 1h | 26m 15s | $20.8M | $29.5M | 50x |
| Short | ApeX Omni HYPEUSDT | 93.281 | 0.0100 | get 0.0013% / 1h | 26m 15s | $342K | $1.0M | 50x |
Kraken Futures PF_HYPEUSD
ApeX Omni HYPEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$50.81
- Price spread: +0.132% → −0.045%
- $17.69
- Slippage, 4 orders
- −$17.8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$70.93
- Costs to cover
- 0.378%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; ApeX Omni: 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 Kraken Futures live order book, 3 min ago | 2.14 bp | 10.4 bp −$10 | 14.1 bp −$141 | 20.1 bp −$2,007 | 72.5 bp −$36.2K |
| Sell ApeX Omni live order book, 3 min ago | 2.90 bp | 7.9 bp −$8 | 12.2 bp −$122 | doesn't fit | 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 | −0.101% | $197K | $237K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0364% | 1h | 93.192 | +0.037% | $22K | $21K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.092 | −0.071% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0074% | 1h | 93.059 | −0.106% | $111K | $580K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0022% | 4h | 93.102 | −0.060% | $146K | $666K | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0008% | 1h | 93.152 | −0.006% | $87K | $365K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.139 | −0.020% | $128K | $29K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.086 | −0.077% | $22K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.115 | −0.046% | $62K | — | 150x | as long as short |
| Arcus HYPE-USD | +0.0011% | 1h | 93.102 | −0.060% | $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 | 93.103 | −0.059% | $225.0M | $98.9M | 75x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0017% | 1h | 93.080 | −0.083% | $702K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0017% | 8h | 93.090 | −0.073% | $316.3M | $282.4M | 75x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.282 | +0.133% | $207K | $1.2M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0057% | 8h | 93.125 | −0.035% | $12.7M | $2.8M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0094% | 8h | 93.172 | +0.016% | $339K | $157K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.113 | −0.048% | $16.1M | $63.2M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.135 | −0.024% | $3.1M | $11.5M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.130 | −0.030% | $75K | $1.2M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0098% | 4h | 93.253 | +0.103% | $5.0M | $29.9M | 30x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.120 | −0.040% | $28K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.120 | −0.040% | $7.9M | $48.4M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.167 | +0.010% | $2.03B | $669.2M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.096 | −0.066% | $8.7M | $36.4M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.157 | −0.001% | $10.0M | $15.3M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.106 | −0.056% | $373.1M | $912.0M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.100 | −0.062% | $114.3M | $308.6M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.230 | +0.077% | $215K | $15K | 10x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.078 | −0.086% | $46.7M | $54.4M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.091 | −0.072% | $90.7M | $81.2M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.124 | −0.036% | $46.0M | $18.9M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.090 | −0.073% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.147 | −0.012% | $7.3M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.131 | −0.029% | $28.5M | $56.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.241 | +0.089% | $7.5M | $47.0M | 10x | as long as short |
| ApeX Omni HYPEUSDTshort | +0.0100% | 1h | 93.281 | +0.132% | $342K | $1.0M | 50x | |
| StandX HYPE-USD | +0.0100% | 1h | 93.185 | +0.029% | $667K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.167 | +0.010% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.121 | −0.039% | $482K | $2.7M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.105 | −0.057% | $79K | $166K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 93.087 | −0.075% | $16.1M | $7.4M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.130 | −0.030% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.100 | −0.062% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.250 | +0.099% | $1.4M | $6.5M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.077 | −0.087% | $18.1M | $43.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.108 | −0.054% | $394K | $158K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0109% | 8h | 93.184 | +0.028% | $1.8M | $5.6M | 2.3x | as long as short |
| Injective HYPE/USDC PERP | +0.0122% | 1h | 93.620 | +0.496% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.150 | −0.008% | $4.6M | $5.8M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0269% | 1h | 93.094 | −0.068% | $80K | $127K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0154% | 1h | 93.102 | −0.060% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.096 | −0.066% | $16.8M | $11.9M | 75x | as long as short |
| Kraken Futures PF_HYPEUSDlong | +0.0342% | 1h | 93.158 | long leg | $20.8M | $29.5M | 50x | |
| Deribit HYPE_USDC-PERPETUAL | +0.0469% | 1h | 93.201 | +0.046% | $7.5M | $4.0M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0527% | 1h | 93.198 | +0.043% | $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
edgeX HYPEUSDC
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
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
Kalshi KXHYPEPERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC