data as of
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Funding arb /

HYPE

all HYPE markets
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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 spread now, next payment 20:00 UTC−0.0005%/8h
next payment, per $10,000−$0.05paid, last 24h−0.033%paid, last 3 days−0.089%to open and close $10k−$65
Long on ParadexShort on Kalshi
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex HYPE-USD-PERP92.9580.0130pay 0.0130% / 8h7h 37m$337K$287K20x
ShortKalshi KXHYPEPERP92.9290.0124get 0.0124% / 8h3h 37m$1.7M$4.7M2.3x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$1.13
Slippage, 4 orders
−$50.55
Fee Paradex: 2 bp × 2 orders
−$4
Fee Kalshi: 5 bp × 2 orders
−$10
Net
−$65.68
Break-even
never at this rate
Slippage from Paradex: live order book, 8 min ago; Kalshi: live order book, 2 min ago.

Price risk

price view
Price gap now
−0.031%
Avg gap 7d
+0.010%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex live order book, 8 min ago19.37 bp21.4 bp −$21148.2 bp −$1,482doesn't fitdoesn't fit
Sell Kalshi live order book, 2 min ago2.31 bp9.8 bp −$1011.6 bp −$11616.8 bp −$1,676doesn't fit

HYPE on 54 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Hotstuff HYPE-PERP−0.0080%1h$3K$30725xas long as short
Orderly PERP_HYPE_USDC−0.0036%4h$169K$381K20xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h$18K—150xas long as short
dYdX HYPE-USD+0.0039%1h$127K$26K5xas long as short
BingX HYPE-USDT+0.0040%4h—$51.9M—as long as short
OKX HYPE-USDT-SWAP+0.0067%8h$115.1M$310.5M50xas long as short
Lighter RH HYPE+0.0096%1h$3.2M$11.9M20xas long as short
Popdex HYPEUSDT+0.0096%1h$155K$1.1M50xas long as short
Katana Perps HYPE-USD+0.0100%8h$33K$1.8M10xas long as short
Nado HYPE-PERP+0.0100%1h$5.6M$42.8M10xas long as short
Show all 54 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Aster HYPEUSDT+0.0100%4h$8.8M$35.7M300xas long as short
Pacifica HYPE+0.0100%1h$11.3M$12.3M20xas long as short
Binance HYPEUSDT+0.0100%4h$394.7M$840.0M75xas long as short
Bybit HYPEUSDT+0.0100%8h$324.5M$284.0M75xas long as short
Ondo Perps HYPE-USD.P+0.0100%1h$698K$972K10xas long as short
Arcus HYPE-USD+0.0100%1h$1.2M$4.2M10xas long as short
Bulk HYPE-USD+0.0100%1h$211K$10K10xas long as short
Gate HYPE_USDT+0.0100%4h$44.2M$53.6M75xas long as short
MEXC HYPE_USDT+0.0100%4h$97.7M$85.6M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h$44.9M$19.7M75xas long as short
Bitget HYPEUSDT+0.0100%4h$227.9M$100.7M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h$8.4M$9.9M20xas long as short
Variational Omni HYPE+0.0100%8h$29.5M$50.9M—as long as short
ApeX Omni HYPEUSDT+0.0100%1h$429K$957K50xas long as short
StandX HYPE-USD+0.0100%1h$666K$2.2M20xas long as short
Vest HYPE-PERP+0.0100%1h—$407K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h$466K$2.4M20xas long as short
Bullet HYPE-USD+0.0100%1h$112K$578K20xas long as short
Derive HYPE-PERP+0.0100%1h$16.4M$7.2M10xas long as short
SunX HYPE-USDT+0.0100%4h$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h$2.0M$1.9M10xas long as short
Phemex HYPEUSDT+0.0100%8h$12.6M$2.3M50xas long as short
Extended HYPE-USD+0.0104%1h$18.2M$41.9M50xas long as short
Aevo HYPE-PERP+0.0104%1h$395K$340K20xas long as short
edgeX HYPEUSDC+0.0108%4h$5.1M$28.5M30xas long as short
Hyperliquid HYPE+0.0109%1h$2.00B$612.0M10xas long as short
Perpl HYPE+0.0112%43m$31K$350K10xas long as short
Kalshi KXHYPEPERPshort+0.0124%8h$1.7M$4.7M2.3x
Paradex HYPE-USD-PERPlong+0.0130%8h$337K$287K20x
Coinbase International HYPE-PERP-INTX+0.0152%1h$4.9M$5.4M50xas long as short
01 Exchange HYPEUSD+0.0160%1h$90K$322K20xas long as short
Lighter HYPE+0.0216%1h$18.4M$56.6M20xas long as short
Reya HYPERUSDPERP+0.0228%1h$73K$166K15xas long as short
Aftermath Perps HYPEUSD+0.0322%1h$22K$35K10xas long as short
BloFin HYPE-USDT+0.0340%4h$17.6M$12.4M75xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0351% / S −0.0170%1h$1.5M—100xas long as short
Injective HYPE/USDC PERP+0.0356%1h$22K$256K12xas long as short
Phoenix HYPE+0.0386%1h$295K$1.0M10xas long as short
Kraken Futures PF_HYPEUSD+0.0410%1h$16.3M$20.7M50xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0439%1h$7.4M$4.7M50xas long as short
RISEx HYPE/USDC+0.0620%1h$2.5M$7.3M20xas long as short
Hibachi HYPE/USDT-P+0.0632%1h$194K$230K7xas long as short
HTX HYPE-USDT+0.0720%4h$1.5M$7.0M75xas long as short
Bluefin HYPE-PERP+0.6985%1h$73K$190K20xas long as short