Funding you earn now, next payment 02:00 UTC+0.0835%/8h= +91.4% APRnext payment +$1.04 per $10,000 · paid last 24h +0.040%
Price spread now: Kraken Futures against Ondo Perps+0.304%7-day average +0.120% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 3 days (all we have)−0.210%−$21 · spread now +0.304%, 7d avg +0.120%
=Together, before fees−0.001%+ Points / potential airdropOndo Perps: Active · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Kraken Futures is 0.184% dearer against Ondo Perps than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.120%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.210% in total (about 10.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.04 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 | Ondo Perps HYPE-USD.P | 93.080 | −0.0152 | get 0.0019% / 1h | 39m 03s | $696K | $981K | 10x |
| Short | Kraken Futures PF_HYPEUSD | 93.363 | 0.0683 | get 0.0085% / 1h | 39m 03s | $20.8M | $30.2M | 50x |
Ondo Perps HYPE-USD.P
Kraken Futures PF_HYPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Ondo Perps. 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
- $175.37
- Price spread: +0.304% → +0.120%
- $18.36
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $178.73
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; Kraken Futures: live order book, 5 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 5 min ago | 0.86 bp | 8.0 bp −$8 | 10.9 bp −$109 | 21.5 bp −$2,153 | 61.3 bp −$30.7K |
Ondo Perps: 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 | −0.0944% | 1h | 92.980 | −0.107% | $196K | $229K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 92.992 | −0.095% | $1.2M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0167% | 1h | 93.221 | +0.152% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.Plong | −0.0152% | 1h | 93.080 | long leg | $696K | $981K | 10x | |
| Gate HYPE_USDT | −0.0096% | 4h | 93.250 | +0.183% | $44.2M | $54.2M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | −0.0090% | 1h | 93.247 | +0.179% | $7.8M | $10.4M | 20x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.153 | +0.078% | $84K | $357K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.062 | −0.019% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0057% | 4h | 93.228 | +0.159% | $156K | $652K | 20x | as long as short |
| Aster HYPEUSDT | −0.0042% | 4h | 93.249 | +0.182% | $8.8M | $36.3M | 300x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Gate HYPE_USDT
Backpack HYPE_USDC_PERP
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Aster HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bluefin HYPE-PERP | −0.0028% | 1h | 93.257 | +0.190% | $79K | $174K | 20x | as long as short |
| Phemex HYPEUSDT | −0.0025% | 8h | 93.199 | +0.128% | $12.6M | $2.7M | 50x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.089 | +0.009% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.255 | +0.188% | $22K | $333K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.286 | +0.222% | $25K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0003% | 8h | 93.230 | +0.161% | $320.7M | $286.0M | 75x | as long as short |
| BingX HYPE-USDT | +0.0006% | 4h | 93.256 | +0.189% | — | $54.3M | — | as long as short |
| Bullet HYPE-USD | +0.0030% | 1h | 93.263 | +0.197% | $111K | $579K | 20x | as long as short |
| MEXC HYPE_USDT | +0.0040% | 4h | 93.248 | +0.180% | $87.6M | $82.5M | 100x | as long as short |
| Binance HYPEUSDT | +0.0040% | 4h | 93.246 | +0.178% | $379.3M | $906.9M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0056% | 4h | 93.325 | +0.263% | $5.1M | $29.8M | 30x | as long as short |
| Phoenix HYPE | +0.0060% | 1h | 93.233 | +0.164% | $212K | $1.2M | 10x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0067% | 8h | 93.234 | +0.165% | $114.8M | $315.3M | 50x | as long as short |
| Derive HYPE-PERP | +0.0067% | 1h | 93.215 | +0.145% | $16.2M | $7.6M | 10x | as long as short |
| Aevo HYPE-PERP | +0.0088% | 1h | 93.277 | +0.212% | $397K | $177K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0095% | 8h | 93.239 | +0.171% | $339K | $165K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.269 | +0.203% | $16.4M | $62.3M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.265 | +0.199% | $3.1M | $11.9M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.152 | +0.077% | $65K | $1.2M | 50x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.020 | −0.064% | $18K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.215 | +0.145% | $5.6M | $45.3M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.334 | +0.273% | $2.04B | $668.3M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.157 | +0.083% | $10.0M | $14.8M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.404 | +0.348% | $203K | $10K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.281 | +0.216% | $46.0M | $18.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.255 | +0.188% | $225.6M | $100.8M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.151 | +0.076% | $30.9M | $55.0M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.195 | +0.124% | $7.5M | $48.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.355 | +0.295% | $337K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.050 | −0.032% | $664K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.242 | +0.174% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.208 | +0.138% | $466K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.322 | +0.260% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.260 | +0.193% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.205 | +0.135% | $18.3M | $44.5M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.310 | +0.247% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 93.050 | −0.032% | $30K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0175% | 4h | 93.407 | +0.351% | $17.0M | $12.1M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.162 | +0.088% | $2.7M | $6.7M | 20x | as long as short |
| HTX HYPE-USDT | +0.0237% | 4h | 93.400 | +0.344% | $1.4M | $6.1M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0254% | 1h | 93.254 | +0.187% | $79K | $142K | 15x | as long as short |
| Kalshi KXHYPEPERP | +0.0260% | 8h | 93.286 | +0.221% | $1.9M | $5.2M | 2.3x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0334% / S −0.0158% | 1h | 93.279 | +0.214% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0672% | 1h | 93.369 | +0.310% | $7.4M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSDshort | +0.0683% | 1h | 93.363 | +0.304% | $20.8M | $30.2M | 50x |
Bluefin HYPE-PERP
Phemex HYPEUSDT
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
BingX HYPE-USDT
Bullet HYPE-USD
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
Phoenix HYPE
OKX HYPE-USDT-SWAP
Derive HYPE-PERP
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
BloFin HYPE-USDT
RISEx HYPE/USDC
HTX HYPE-USDT
Reya HYPERUSDPERP
Kalshi KXHYPEPERP
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL