HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0313%/8h= −34.2% APRnext payment −$0.39 per $10,000 · paid last 24h −0.046%

Price spread now: Vest against Kraken Futures−0.407%7-day average −0.049% · you buy dearer than you sell

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

Long on Kraken Futures Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.198%−$20 on $10k

Price spread, last 4 days (all we have)+0.342%+$34 · spread now −0.407%, 7d avg −0.049%

Together, before fees+0.143%+ Points / potential airdropVest: Active · farm board+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Vest is 0.358% cheaper against Kraken Futures than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of −0.049%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_HYPEUSD	94.262	0.0413	pay 0.0052% / 1h	26m 00s	$21.0M	$29.5M	50x
Short	Vest HYPE-PERP	93.879	0.0100	get 0.0013% / 1h	26m 00s	—	$243K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpOrdersPrice spread, now −0.407%Rate

Funding earned: −$65.64
Price spread: −0.407% → −0.049%: −$35.77
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$113.41
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 3 min ago; Vest: 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	0.64 bp	10.6 bp −$11	14.0 bp −$140	20.3 bp −$2,026	71.1 bp −$35.6K
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	−0.0992%	1h	93.495	−0.814%	$198K	$238K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0191%	1h	93.590	−0.713%	$22K	$21K	10x	as long as short
BingX HYPE-USDT	−0.0100%	4h	94.210	−0.056%	—	$53.5M	—	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.665	−0.634%	$3K	$331	25x	as long as short
Bullet HYPE-USD	−0.0066%	1h	93.879	−0.407%	$111K	$579K	20x	as long as short
Ondo Perps HYPE-USD.P	−0.0062%	1h	93.650	−0.650%	$705K	$1.2M	10x	as long as short
01 Exchange HYPEUSD	−0.0040%	1h	93.899	−0.385%	$86K	$368K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0017%	4h	94.032	−0.244%	$146K	$683K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.880	−0.406%	$129K	$26K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.907	−0.377%	$20K	$290K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit HYPEUSDT	+0.0002%	8h	94.199	−0.067%	$318.4M	$288.2M	75x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0001%	1h	94.048	−0.227%	$83K	—	150x	as long as short
Bluefin HYPE-PERP	+0.0006%	1h	94.072	−0.202%	$79K	$155K	20x	as long as short
Derive HYPE-PERP	+0.0007%	1h	93.302	−1.018%	$16.2M	$7.5M	10x	as long as short
Phoenix HYPE	+0.0017%	1h	93.623	−0.678%	$208K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0050%	4h	94.262	0.000%	$227.1M	$99.7M	75x	as long as short
Paradex HYPE-USD-PERP	+0.0078%	8h	93.823	−0.466%	$335K	$161K	20x	as long as short
Phemex HYPEUSDT	+0.0081%	8h	94.187	−0.080%	$12.9M	$2.8M	50x	as long as short
Arcus HYPE-USD	+0.0084%	1h	93.785	−0.506%	$1.0M	$4.0M	10x	as long as short
edgeX HYPEUSDC	+0.0093%	4h	93.551	−0.755%	$5.0M	$30.5M	30x	as long as short
Lighter HYPE	+0.0096%	1h	94.222	−0.043%	$16.2M	$64.1M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	94.210	−0.056%	$3.2M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.865	−0.422%	$78K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.770	−0.522%	$21K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.855	−0.432%	$7.5M	$50.6M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	94.395	+0.140%	$2.07B	$689.0M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	94.168	−0.100%	$8.9M	$37.1M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.773	−0.520%	$10.1M	$15.5M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	94.217	−0.048%	$377.0M	$931.4M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	94.216	−0.049%	$116.3M	$317.3M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	94.231	−0.033%	$48.9M	$55.9M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	94.255	−0.008%	$89.7M	$84.6M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	94.285	+0.024%	$46.7M	$18.7M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	94.311	+0.052%	$7.2M	$10.6M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.449	−0.863%	$28.7M	$56.3M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.492	−0.817%	$7.5M	$48.1M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.566	−0.739%	$354K	$1.0M	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.643	−0.657%	$678K	$2.7M	20x	as long as short
Vest HYPE-PERPshort	+0.0100%	1h	93.879	−0.407%	—	$243K	5x
Polymarket Perps HYPE-USD	+0.0100%	1h	93.895	−0.390%	$471K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.925	−0.358%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	94.141	−0.129%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	94.352	+0.095%	$1.4M	$6.7M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.438	−0.874%	$216K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	94.223	−0.041%	$18.2M	$43.3M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	94.104	−0.168%	$398K	$159K	20x	as long as short
Kalshi KXHYPEPERP	+0.0105%	8h	94.131	−0.139%	$1.8M	$5.6M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	94.190	−0.077%	$4.7M	$6.2M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0151% / S +0.0022%	1h	93.681	−0.617%	$1.4M	—	100x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	93.540	−0.766%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0272%	1h	93.879	−0.407%	$77K	$129K	15x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.642	−0.658%	$16.9M	$12.2M	75x	as long as short
Kraken Futures PF_HYPEUSDlong	+0.0413%	1h	94.262	long leg	$21.0M	$29.5M	50x
Deribit HYPE_USDC-PERPETUAL	+0.0462%	1h	94.187	−0.080%	$7.5M	$4.2M	50x	as long as short
RISEx HYPE/USDC	+0.0559%	1h	93.935	−0.347%	$3.2M	$6.3M	20x	as long as short