Funding you earn now, next payment 05:00 UTC+0.0401%/8h= +43.9% APRnext payment +$0.50 per $10,000 · paid last 24h +0.017%
Price spread now: RISEx against Kraken Futures−0.017%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$260.256% of the position
Funding, last 4 days (all we have)+0.067%+$7 on $10k
+Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.017%, 7d avg −0.020%
=The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.067% in total (about 6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.50 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 | 92.838 | 0.0197 | pay 0.0025% / 1h | 41m 36s | $20.6M | $30.5M | 50x |
| Short | RISEx HYPE/USDC | 92.822 | 0.0598 | get 0.0075% / 1h | 41m 36s | $3.1M | $6.4M | 20x |
Kraken Futures PF_HYPEUSD
RISEx HYPE/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $84.13
- Price spread: −0.017% → −0.020%
- $0.3
- Slippage, 4 orders
- −$9.59
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $58.85
- Costs to cover
- 0.256%
- Break-even
- 2.1 days
Slippage from Kraken Futures: live order book, 2 min ago; RISEx: live order book, 2 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, 2 min ago | 2.04 bp | 8.3 bp −$8 | 9.7 bp −$97 | 15.4 bp −$1,539 | 69.7 bp −$34.9K |
| Sell RISEx live order book, 2 min ago | 0.86 bp | 3.9 bp −$4 | 5.9 bp −$59 | 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 | −0.1024% | 1h | 92.750 | −0.095% | $193K | $229K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0272% | 1h | 92.870 | +0.035% | $22K | $21K | 10x | as long as short |
| Arcus HYPE-USD | −0.0194% | 1h | 92.720 | −0.127% | $1.1M | $3.9M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.768 | −0.075% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0063% | 4h | 92.748 | −0.097% | $158K | $667K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.839 | +0.002% | $127K | $29K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 92.918 | +0.086% | $1.8M | $5.4M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.813 | −0.027% | $22K | $301K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.795 | −0.046% | $62K | — | 150x | as long as short |
| Bullet HYPE-USD | +0.0013% | 1h | 92.771 | −0.072% | $112K | $577K | 20x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bullet HYPE-USDShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps HYPE-USD.P | +0.0021% | 1h | 92.690 | −0.159% | $697K | $1.1M | 10x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 92.899 | +0.066% | $210K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0032% | 8h | 92.745 | −0.100% | $315.7M | $282.7M | 75x | as long as short |
| Gate HYPE_USDT | +0.0042% | 4h | 92.755 | −0.089% | $44.7M | $53.9M | 75x | as long as short |
| 01 Exchange HYPEUSD | +0.0048% | 1h | 92.785 | −0.057% | $87K | $362K | 20x | as long as short |
| Phemex HYPEUSDT | +0.0049% | 8h | 92.781 | −0.061% | $12.5M | $2.7M | 50x | as long as short |
| Bitget HYPEUSDT | +0.0070% | 4h | 92.757 | −0.087% | $224.7M | $99.1M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0080% | 1h | 92.746 | −0.099% | $69K | $1.1M | 50x | as long as short |
| Aster HYPEUSDT | +0.0095% | 4h | 92.763 | −0.080% | $8.7M | $36.1M | 300x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.777 | −0.066% | $16.0M | $62.4M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.782 | −0.060% | $3.1M | $11.6M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 92.772 | −0.070% | $339K | $163K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0099% | 4h | 92.912 | +0.080% | $4.9M | $29.5M | 30x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.750 | −0.094% | $39K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.831 | −0.008% | $7.5M | $45.9M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.805 | −0.035% | $2.02B | $665.5M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.787 | −0.055% | $10.0M | $15.2M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.752 | −0.092% | $372.8M | $904.9M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 92.750 | −0.094% | $113.7M | $304.0M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.923 | +0.092% | $202K | $13K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.752 | −0.092% | $87.1M | $80.1M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.759 | −0.085% | $46.0M | $18.4M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 92.754 | −0.090% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.784 | −0.058% | $7.2M | $11.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.879 | +0.044% | $28.6M | $57.4M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.881 | +0.047% | $7.5M | $46.7M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.846 | +0.009% | $350K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.940 | +0.110% | $668K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.849 | +0.012% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.820 | −0.019% | $468K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.764 | −0.079% | $78K | $167K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 92.744 | −0.101% | $16.0M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.777 | −0.065% | $31K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.771 | −0.072% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.719 | −0.128% | $18.0M | $43.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.771 | −0.072% | $392K | $164K | 20x | as long as short |
| HTX HYPE-USDT | +0.0141% | 4h | 92.950 | +0.121% | $1.4M | $6.3M | 75x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 92.810 | −0.030% | $4.7M | $5.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSDlong | +0.0197% | 1h | 92.838 | long leg | $20.6M | $30.5M | 50x | |
| Injective HYPE/USDC PERP | +0.0242% | 1h | 92.860 | +0.024% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0264% | 1h | 92.765 | −0.079% | $79K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0154% | 1h | 92.783 | −0.058% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.918 | +0.086% | $16.8M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0353% | 1h | 92.862 | +0.026% | $7.5M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDCshort | +0.0598% | 1h | 92.822 | −0.017% | $3.1M | $6.4M | 20x |
Ondo Perps HYPE-USD.P
Phoenix HYPE
Bybit HYPEUSDT
Gate HYPE_USDT
01 Exchange HYPEUSD
Phemex HYPEUSDT
Bitget HYPEUSDT
Popdex HYPEUSDT
Aster HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
edgeX HYPEUSDC
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
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
Extended HYPE-USD
Aevo HYPE-PERP
HTX HYPE-USDT
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL