HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0123%/8h= −13.5% APRnext payment −$0.15 per $10,000 · paid last 24h −0.038%

Price spread now: StandX against Kraken Futures−0.130%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on Kraken Futures Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.117%−$12 on $10k

Price spread, last 4 days (all we have)+0.128%+$13 · spread now −0.130%, 7d avg −0.037%

Together, before fees+0.011%+ Points / potential airdropStandX: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and StandX is 0.092% cheaper against Kraken Futures than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.037%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_HYPEUSD	94.349	0.0223	pay 0.0028% / 1h	54m 13s	$20.2M	$30.3M	50x
Short	StandX HYPE-USD	94.227	0.0100	get 0.0013% / 1h	54m 13s	$681K	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.130%Rate

Funding earned: −$25.82
Price spread: −0.130% → −0.037%: −$9.25
Slippage, 4 orders: −$9.57
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee StandX: 4 bp × 2 orders: −$8
Net: −$62.63
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; StandX: live order book, 5 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, 5 min ago	1.49 bp	8.6 bp −$9	9.8 bp −$98	21.7 bp −$2,165	62.4 bp −$31.2K
Sell StandX live order book, 5 min ago	1.33 bp	5.3 bp −$5	5.7 bp −$57	17.8 bp −$1,777	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	−0.1120%	1h	94.148	−0.213%	$201K	$234K	7x	as long as short
Bluefin HYPE-PERP	−0.0394%	1h	94.314	−0.037%	$80K	$155K	20x	as long as short
Bullet HYPE-USD	−0.0234%	1h	94.342	−0.008%	$112K	$575K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0206%	1h	94.260	−0.095%	$709K	$1.2M	10x	as long as short
Aftermath Perps HYPEUSD	−0.0165%	1h	94.227	−0.130%	$22K	$21K	10x	as long as short
01 Exchange HYPEUSD	−0.0112%	1h	94.354	+0.005%	$87K	$366K	20x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	94.250	−0.105%	$3K	$331	25x	as long as short
Arcus HYPE-USD	−0.0045%	1h	94.340	−0.010%	$1.0M	$3.6M	10x	as long as short
Derive HYPE-PERP	−0.0040%	1h	94.253	−0.102%	$16.4M	$7.5M	10x	as long as short
ApeX Omni HYPEUSDT	−0.0034%	1h	94.057	−0.310%	$362K	$1.0M	50x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	−0.0013%	8h	94.291	−0.062%	$317.3M	$289.6M	75x	as long as short
BingX HYPE-USDT	−0.0012%	4h	94.309	−0.043%	—	$53.6M	—	as long as short
Orderly PERP_HYPE_USDC	−0.0005%	4h	94.318	−0.033%	$146K	$685K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	94.266	−0.089%	$129K	$26K	5x	as long as short
Kalshi KXHYPEPERP	0.0000%	8h	94.375	+0.027%	$1.8M	$5.5M	2.3x	as long as short
Perpl HYPE	0.0000%	43m	94.388	+0.041%	$19K	$287K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S 0.0000%	1h	94.370	+0.022%	$117K	—	150x	as long as short
Phoenix HYPE	+0.0017%	1h	94.296	−0.057%	$209K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0038%	4h	94.305	−0.047%	$226.8M	$100.2M	75x	as long as short
Phemex HYPEUSDT	+0.0049%	8h	94.281	−0.072%	$12.9M	$2.9M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0060%	8h	94.368	+0.020%	$337K	$156K	20x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0064%	1h	94.340	−0.010%	$4.7M	$6.2M	50x	as long as short
OKX HYPE-USDT-SWAP	+0.0089%	8h	94.319	−0.032%	$117.5M	$323.6M	50x	as long as short
edgeX HYPEUSDC	+0.0089%	4h	94.094	−0.270%	$5.0M	$30.6M	30x	as long as short
Lighter HYPE	+0.0096%	1h	94.301	−0.052%	$16.3M	$63.8M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.331	−0.019%	$3.2M	$10.7M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	94.350	+0.001%	$82K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	94.340	−0.010%	$17K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	94.320	−0.032%	$7.3M	$50.8M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.418	+0.073%	$2.08B	$688.0M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.311	−0.041%	$8.8M	$37.3M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	94.346	−0.004%	$10.2M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.338	−0.012%	$377.5M	$933.0M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	94.065	−0.301%	$217K	$12K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.308	−0.044%	$49.4M	$56.2M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.312	−0.040%	$91.3M	$82.0M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.312	−0.040%	$46.9M	$18.6M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.293	−0.060%	$7.6M	$10.5M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	94.098	−0.267%	$29.2M	$55.2M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	94.139	−0.223%	$7.6M	$46.1M	10x	as long as short
StandX HYPE-USDshort	+0.0100%	1h	94.227	−0.130%	$681K	$2.7M	20x
Vest HYPE-PERP	+0.0100%	1h	94.381	+0.033%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	94.369	+0.021%	$496K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	94.324	−0.027%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.302	−0.050%	$2.1M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.422	+0.077%	$1.4M	$6.8M	75x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.287	−0.066%	$18.3M	$43.4M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.424	+0.079%	$399K	$159K	20x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0132%	1h	94.397	+0.051%	$7.4M	$4.3M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0151% / S +0.0021%	1h	94.388	+0.041%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0185%	1h	94.550	+0.213%	$31K	$339K	12x	as long as short
Kraken Futures PF_HYPEUSDlong	+0.0223%	1h	94.349	long leg	$20.2M	$30.3M	50x
RISEx HYPE/USDC	+0.0249%	1h	94.393	+0.046%	$3.2M	$6.4M	20x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	94.317	−0.034%	$83K	$123K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	94.226	−0.131%	$17.0M	$12.4M	75x	as long as short