Funding you earn now, next payment 02:00 UTC+0.0583%/8h= +63.8% APRnext payment +$0.73 per $10,000 · paid last 24h +0.007%
Price spread now: Kraken Futures against SoDEX+0.099%7-day average +0.039% · 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−$28as in the Price arb table
costs, in and out, $10k−$340.343% of the position
Funding, last 3 days (all we have)+0.051%+$5 on $10k
+Price spread, last 3 days (all we have)−0.073%−$7 · spread now +0.099%, 7d avg +0.039%
=Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Kraken Futures is 0.060% dearer against SoDEX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.039%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.051% in total (about 5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.73 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 | SoDEX HYPE-USD | 93.280 | 0.0100 | pay 0.0013% / 1h | 58m 00s | $2.0M | $2.0M | 10x |
| Short | Kraken Futures PF_HYPEUSD | 93.372 | 0.0683 | get 0.0085% / 1h | 58m 00s | $20.8M | $29.8M | 50x |
SoDEX HYPE-USD
Kraken Futures PF_HYPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against SoDEX. 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
- $122.43
- Price spread: +0.099% → +0.039%
- $5.98
- Slippage, 4 orders
- −$16.32
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $94.1
- Costs to cover
- 0.343%
- Break-even
- 1.6 days
Slippage from SoDEX: live order book, 1 min ago; Kraken Futures: live order book, 1 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 SoDEX live order book, 1 min ago | 0.22 bp | 6.5 bp −$6 | 13.2 bp −$132 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 2.09 bp | 9.2 bp −$9 | 9.8 bp −$98 | 18.2 bp −$1,815 | 56.1 bp −$28.1K |
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 | −0.1088% | 1h | 93.283 | +0.003% | $197K | $229K | 7x | as long as short |
| Arcus HYPE-USD | −0.0786% | 1h | 93.161 | −0.128% | $1.2M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0176% | 1h | 93.591 | +0.333% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0160% | 1h | 93.340 | +0.064% | $705K | $961K | 10x | as long as short |
| Backpack HYPE_USDC_PERP | −0.0101% | 1h | 93.241 | −0.042% | $7.8M | $10.6M | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.255 | −0.027% | $3K | $331 | 25x | as long as short |
| Gate HYPE_USDT | −0.0074% | 4h | 93.272 | −0.009% | $44.2M | $53.4M | 75x | as long as short |
| 01 Exchange HYPEUSD | −0.0056% | 1h | 93.369 | +0.095% | $85K | $360K | 20x | as long as short |
| Bluefin HYPE-PERP | −0.0047% | 1h | 93.248 | −0.034% | $79K | $173K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0043% | 4h | 93.267 | −0.014% | $158K | $647K | 20x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
Backpack HYPE_USDC_PERP
Hotstuff HYPE-PERP
Gate HYPE_USDT
01 Exchange HYPEUSD
Bluefin HYPE-PERP
Orderly PERP_HYPE_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | −0.0021% | 4h | 93.262 | −0.019% | $8.9M | $36.2M | 300x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.297 | +0.018% | $128K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.363 | +0.089% | $23K | $330K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.286 | +0.006% | $26K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0018% | 4h | 93.300 | +0.021% | — | $54.0M | — | as long as short |
| Derive HYPE-PERP | +0.0020% | 1h | 93.228 | −0.056% | $16.3M | $7.5M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0024% | 8h | 93.252 | −0.030% | $320.4M | $280.1M | 75x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.488 | +0.223% | $212K | $1.2M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0042% | 4h | 93.304 | +0.026% | $86.9M | $81.1M | 100x | as long as short |
| Binance HYPEUSDT | +0.0043% | 4h | 93.275 | −0.005% | $380.2M | $900.5M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0056% | 8h | 93.314 | +0.036% | $12.7M | $2.7M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0060% | 4h | 93.655 | +0.402% | $5.1M | $29.7M | 30x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0069% | 8h | 93.261 | −0.020% | $115.1M | $313.9M | 50x | as long as short |
| Bullet HYPE-USD | +0.0074% | 1h | 93.307 | +0.029% | $112K | $579K | 20x | as long as short |
| Lighter HYPE | +0.0080% | 1h | 93.327 | +0.050% | $18.6M | $58.3M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0088% | 1h | 93.353 | +0.078% | $64K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0088% | 1h | 93.238 | −0.045% | $397K | $177K | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.297 | +0.018% | $3.1M | $11.6M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0098% | 8h | 93.283 | +0.003% | $339K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.330 | +0.054% | $34K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.365 | +0.091% | $6.6M | $44.7M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.335 | +0.059% | $2.03B | $671.7M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.273 | −0.007% | $10.0M | $14.7M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.273 | −0.008% | $46.3M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.247 | −0.035% | $225.6M | $100.5M | 75x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.379 | +0.106% | $30.9M | $53.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.426 | +0.157% | $7.5M | $46.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.599 | +0.342% | $339K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.373 | +0.100% | $666K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.391 | +0.119% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.385 | +0.113% | $476K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.329 | +0.053% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USDlong | +0.0100% | 1h | 93.280 | long leg | $2.0M | $2.0M | 10x | |
| Bulk HYPE-USD | +0.0100% | 1h | 93.894 | +0.658% | $204K | $10K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.239 | −0.044% | $18.3M | $44.7M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0136% | 1h | 93.270 | −0.011% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0137% | 1h | 93.270 | −0.011% | $30K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0170% | 4h | 93.394 | +0.122% | $17.0M | $12.1M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0210% | 1h | 93.346 | +0.070% | $2.7M | $6.7M | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0251% | 8h | 93.252 | −0.030% | $1.9M | $5.2M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0253% | 1h | 93.345 | +0.070% | $79K | $143K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0334% / S −0.0158% | 1h | 93.312 | +0.035% | $1.4M | — | 100x | as long as short |
| HTX HYPE-USDT | +0.0336% | 4h | 93.500 | +0.236% | $1.5M | $6.0M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0554% | 1h | 93.361 | +0.087% | $7.4M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSDshort | +0.0683% | 1h | 93.372 | +0.099% | $20.8M | $29.8M | 50x |
Aster HYPEUSDT
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Derive HYPE-PERP
Bybit HYPEUSDT
Phoenix HYPE
MEXC HYPE_USDT
Binance HYPEUSDT
Phemex HYPEUSDT
edgeX HYPEUSDC
OKX HYPE-USDT-SWAP
Bullet HYPE-USD
Lighter HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Lighter RH HYPE
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
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
Bulk HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
BloFin HYPE-USDT
RISEx HYPE/USDC
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
HTX HYPE-USDT
Deribit HYPE_USDC-PERPETUAL