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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 05:00 UTC−0.0277%/8h= −30.4% APRnext payment −$0.35 per $10,000 · paid last 24h −0.085%
Price spread now: Hotstuff against Kraken Futures+0.106%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on Hotstuff
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
The price spread pays, funding is against you. Hotstuff is 0.106% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.106% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 31 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_HYPEUSD92.7680.0197pay 0.0025% / 1h21m 27s$20.6M$29.5M50x
ShortHotstuff HYPE-PERP92.866−0.0080pay 0.0010% / 1h21m 27s$3K$33125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff 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

Funding earned
−$58.21
Price spread: +0.106% → 0.000%
$10.61
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$62.6
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Kraken Futures: live order book, 3 min ago; Hotstuff: 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
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 3 min ago1.56 bp8.0 bp −$811.4 bp −$11419.7 bp −$1,96964.7 bp −$32.3K
Sell Hotstuff no order-book sample—————
Hotstuff: 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−0.1712%1h92.605−0.176%$193K$232K7xas long as short
Aftermath Perps HYPEUSD−0.0303%1h92.786+0.020%$22K$21K10xas long as short
Arcus HYPE-USD−0.0194%1h92.841+0.079%$1.1M$3.9M10xas long as short
Hotstuff HYPE-PERPshort−0.0080%1h92.866+0.106%$3K$33125x
Orderly PERP_HYPE_USDC−0.0060%4h92.697−0.076%$145K$681K20xas long as short
Bullet HYPE-USD−0.0003%1h92.702−0.071%$112K$577K20xas long as short
dYdX HYPE-USD0.0000%1h92.850+0.089%$127K$29K5xas long as short
Perpl HYPE0.0000%43m92.870+0.110%$22K$293K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.735−0.035%$62K—150xas long as short
Ondo Perps HYPE-USD.P+0.0018%1h92.830+0.067%$697K$1.1M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange HYPEUSD+0.0024%1h92.908+0.151%$87K$364K20xas long as short
Phoenix HYPE+0.0026%1h92.921+0.165%$208K$1.2M10xas long as short
Bybit HYPEUSDT+0.0032%8h92.880+0.121%$316.0M$283.3M75xas long as short
Popdex HYPEUSDT+0.0040%1h92.890+0.132%$81K$1.1M50xas long as short
Bitget HYPEUSDT+0.0044%4h92.891+0.133%$224.9M$99.0M75xas long as short
Phemex HYPEUSDT+0.0060%8h92.700−0.073%$12.5M$2.7M50xas long as short
Gate HYPE_USDT+0.0092%4h92.858+0.097%$45.1M$54.5M75xas long as short
Lighter HYPE+0.0096%1h92.820+0.057%$16.0M$62.7M20xas long as short
Lighter RH HYPE+0.0096%1h92.800+0.035%$3.1M$11.6M20xas long as short
edgeX HYPEUSDC+0.0098%4h92.694−0.079%$4.9M$29.6M30xas long as short
Paradex HYPE-USD-PERP+0.0099%8h92.874+0.114%$339K$163K20xas long as short
Katana Perps HYPE-USD+0.0099%8h92.870+0.110%$34K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h92.805+0.040%$7.4M$46.1M10xas long as short
Hyperliquid HYPE+0.0100%1h92.906+0.149%$2.02B$666.6M10xas long as short
Aster HYPEUSDT+0.0100%4h92.867+0.108%$8.7M$36.2M300xas long as short
Pacifica HYPE+0.0100%1h92.854+0.093%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h92.880+0.121%$373.5M$906.5M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h92.885+0.127%$114.1M$304.0M50xas long as short
Bulk HYPE-USD+0.0100%1h92.709−0.063%$202K$13K10xas long as short
MEXC HYPE_USDT+0.0100%4h92.855+0.094%$91.3M$81.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.831+0.068%$46.2M$18.4M75xas long as short
BingX HYPE-USDT+0.0100%4h92.860+0.100%—$53.9M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.693−0.080%$7.2M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h92.7680.000%$28.5M$57.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.808+0.044%$7.5M$46.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.725−0.046%$340K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h92.765−0.003%$667K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h92.877+0.118%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.908+0.151%$487K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.702−0.071%$78K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h92.690−0.083%$16.0M$7.6M10xas long as short
SunX HYPE-USDT+0.0100%4h92.670−0.105%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.702−0.071%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h92.812+0.048%$1.4M$6.3M75xas long as short
Extended HYPE-USD+0.0104%1h92.834+0.072%$18.0M$43.6M50xas long as short
Aevo HYPE-PERP+0.0104%1h92.691−0.082%$392K$164K20xas long as short
Kalshi KXHYPEPERP+0.0132%8h92.718−0.053%$1.8M$5.4M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h92.770+0.003%$4.7M$5.6M50xas long as short
Kraken Futures PF_HYPEUSDlong+0.0197%1h92.768long leg$20.6M$29.5M50x
Injective HYPE/USDC PERP+0.0242%1h92.640−0.138%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0266%1h92.873+0.113%$79K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h92.738−0.032%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h92.682−0.092%$16.7M$11.6M75xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0343%1h92.797+0.032%$7.5M$4.5M50xas long as short
RISEx HYPE/USDC+0.0598%1h92.924+0.168%$3.2M$6.4M20xas long as short