Funding you earn now, next payment 07:00 UTC+0.0338%/8h= +37.0% APRpaid last 24h +0.034%
Price spread now: Kraken Futures against Paradex+0.128%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$280.277% of the position
Funding, last 4 days (all we have)+0.064%+$6 on $10k
+Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.128%, 7d avg +0.019%
=Together, before fees−0.073%+ Points / potential airdropParadex: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Kraken Futures is 0.109% dearer against Paradex than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.019%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.064% in total (about 6.0% a year). A funding rate is set anew for every payment. 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 | Paradex HYPE-USD-PERP | 93.545 | 0.0077 | pay 0.0077% / 8h | 1h 43m | $334K | $161K | 20x |
| Short | Kraken Futures PF_HYPEUSD | 93.664 | 0.0415 | get 0.0052% / 1h | 43m 28s | $20.9M | $29.6M | 50x |
Paradex HYPE-USD-PERP
Kraken Futures PF_HYPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Paradex. 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
- $70.94
- Price spread: +0.128% → +0.019%
- $10.93
- Slippage, 4 orders
- −$13.66
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $54.21
- Costs to cover
- 0.277%
- Break-even
- 1.7 days
Slippage from Paradex: live order book, 1 min ago; Kraken Futures: live order book, 6 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 Paradex live order book, 1 min ago | 1.66 bp | 3.7 bp −$4 | 9.5 bp −$95 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 6 min ago | 1.76 bp | 9.0 bp −$9 | 9.7 bp −$97 | 19.5 bp −$1,945 | 51.5 bp −$25.7K |
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 | −0.1080% | 1h | 93.575 | +0.032% | $198K | $241K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0222% | 1h | 93.705 | +0.172% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0138% | 1h | 93.500 | −0.048% | $705K | $1.2M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.561 | +0.018% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0064% | 1h | 93.599 | +0.058% | $87K | $369K | 20x | as long as short |
| Bullet HYPE-USD | −0.0064% | 1h | 93.577 | +0.035% | $111K | $580K | 20x | as long as short |
| Bluefin HYPE-PERP | −0.0034% | 1h | 93.605 | +0.065% | $79K | $155K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0022% | 4h | 93.534 | −0.011% | $145K | $685K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.515 | −0.032% | $128K | $28K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.735 | +0.204% | $1.8M | $5.6M | 2.3x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
Bullet HYPE-USD
Bluefin HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Kalshi KXHYPEPERPShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl HYPE | 0.0000% | 43m | 93.612 | +0.073% | $20K | $290K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.610 | +0.070% | $83K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0005% | 8h | 93.552 | +0.008% | $316.0M | $288.5M | 75x | as long as short |
| BingX HYPE-USDT | +0.0006% | 4h | 93.571 | +0.028% | — | $53.7M | — | as long as short |
| Phoenix HYPE | +0.0017% | 1h | 93.654 | +0.117% | $209K | $1.1M | 10x | as long as short |
| Derive HYPE-PERP | +0.0024% | 1h | 93.547 | +0.003% | $16.3M | $7.4M | 10x | as long as short |
| Bitget HYPEUSDT | +0.0040% | 4h | 93.576 | +0.034% | $225.5M | $99.7M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0075% | 8h | 93.630 | +0.091% | $12.8M | $2.8M | 50x | as long as short |
| Paradex HYPE-USD-PERPlong | +0.0077% | 8h | 93.545 | long leg | $334K | $161K | 20x | |
| edgeX HYPEUSDC | +0.0082% | 4h | 93.576 | +0.034% | $5.0M | $30.6M | 30x | as long as short |
| Arcus HYPE-USD | +0.0084% | 1h | 93.560 | +0.017% | $1.0M | $4.0M | 10x | as long as short |
| Popdex HYPEUSDT | +0.0088% | 1h | 93.574 | +0.032% | $78K | $1.2M | 50x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.518 | −0.028% | $16.1M | $63.7M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.571 | +0.028% | $3.1M | $11.1M | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.570 | +0.027% | $22K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.645 | +0.108% | $7.4M | $50.9M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.666 | +0.129% | $2.05B | $683.0M | 10x | as long as short |
| Aster HYPEUSDT | +0.0100% | 4h | 93.570 | +0.027% | $8.8M | $37.3M | 300x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.583 | +0.041% | $10.1M | $15.4M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 93.588 | +0.046% | $375.1M | $931.0M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.560 | +0.017% | $115.6M | $316.0M | 50x | as long as short |
| Gate HYPE_USDT | +0.0100% | 4h | 93.567 | +0.024% | $48.3M | $55.1M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.581 | +0.039% | $89.9M | $83.7M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.573 | +0.030% | $46.3M | $18.8M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.593 | +0.052% | $7.2M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.579 | +0.036% | $28.6M | $56.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.664 | +0.128% | $7.5M | $48.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.589 | +0.048% | $347K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.638 | +0.100% | $678K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.633 | +0.094% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.590 | +0.049% | $470K | $2.8M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.638 | +0.100% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.566 | +0.023% | $2.0M | $1.9M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 93.776 | +0.247% | $1.4M | $6.7M | 75x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.731 | +0.199% | $216K | $15K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.587 | +0.045% | $18.2M | $43.3M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.589 | +0.047% | $396K | $159K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0120% | 1h | 93.710 | +0.177% | $4.7M | $6.1M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 93.520 | −0.026% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0271% | 1h | 93.557 | +0.013% | $77K | $130K | 15x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0295% | 1h | 93.670 | +0.134% | $7.4M | $4.2M | 50x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0332% / S −0.0154% | 1h | 93.612 | +0.072% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.686 | +0.151% | $17.0M | $12.2M | 75x | as long as short |
| Kraken Futures PF_HYPEUSDshort | +0.0415% | 1h | 93.664 | +0.128% | $20.9M | $29.6M | 50x | |
| RISEx HYPE/USDC | +0.0559% | 1h | 93.623 | +0.084% | $3.2M | $6.4M | 20x | as long as short |
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
BingX HYPE-USDT
Phoenix HYPE
Derive HYPE-PERP
Bitget HYPEUSDT
Phemex HYPEUSDT
edgeX HYPEUSDC
Arcus HYPE-USD
Popdex HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Aster HYPEUSDT
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Gate HYPE_USDT
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Backpack HYPE_USDC_PERP
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
HTX HYPE-USDT
Bulk HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
Deribit HYPE_USDC-PERPETUAL
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
RISEx HYPE/USDC