HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0586%/8h= +64.2% APRnext payment +$0.73 per $10,000 · paid last 24h +0.019%

Price spread now: Kraken Futures against StandX−0.019%7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on StandX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 4 days (all we have)−0.352%−$35 · spread now −0.019%, 7d avg +0.039%

Together, before fees−0.266%+ Points / potential airdropStandX: Active · farm board−$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.058% cheaper against StandX than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.039%). If the spread goes back, that is −$6 on $10k: about 8 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.086% in total) that is about 4.7 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.086% in total (about 4.5% 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	StandX HYPE-USD	93.296	0.0100	pay 0.0013% / 1h	26m 23s	$666K	$2.6M	20x
Short	Kraken Futures PF_HYPEUSD	93.278	0.0686	get 0.0086% / 1h	26m 23s	$20.7M	$29.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 StandXbpFee Kraken FuturesbpOrdersPrice spread, now −0.019%Rate

Funding earned: $123.05
Price spread: −0.019% → +0.039%: −$5.8
Slippage, 4 orders: −$11.16
Fee StandX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $88.09
Costs to cover: 0.292%
Break-even: 2.0 days

Slippage from StandX: live order book, 2 min ago; Kraken Futures: live order book, 3 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 StandX live order book, 2 min ago	1.18 bp	5.2 bp −$5	5.4 bp −$54	12.4 bp −$1,240	doesn't fit
Sell Kraken Futures live order book, 3 min ago	1.28 bp	8.0 bp −$8	11.7 bp −$117	18.8 bp −$1,884	50.3 bp −$25.1K

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	−0.1224%	1h	93.247	−0.052%	$197K	$227K	7x	as long as short
Arcus HYPE-USD	−0.0899%	1h	93.126	−0.182%	$1.2M	$3.8M	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0110%	1h	93.180	−0.124%	$698K	$995K	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.217	−0.085%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0056%	1h	93.240	−0.060%	$85K	$343K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0045%	4h	93.185	−0.119%	$153K	$652K	20x	as long as short
Aftermath Perps HYPEUSD	−0.0044%	1h	93.383	+0.094%	$22K	$21K	10x	as long as short
Phemex HYPEUSDT	−0.0038%	8h	93.261	−0.038%	$12.6M	$2.7M	50x	as long as short
Bullet HYPE-USD	−0.0026%	1h	93.194	−0.109%	$111K	$578K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.234	−0.067%	$128K	$31K	5x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Perpl HYPE	0.0000%	43m	93.226	−0.075%	$23K	$319K	10x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.220	−0.082%	$61K	—	150x	as long as short
Aster HYPEUSDT	+0.0020%	4h	93.245	−0.055%	$8.8M	$35.5M	300x	as long as short
Phoenix HYPE	+0.0026%	1h	93.609	+0.335%	$213K	$1.2M	10x	as long as short
BingX HYPE-USDT	+0.0032%	4h	93.216	−0.086%	—	$53.0M	—	as long as short
Bybit HYPEUSDT	+0.0042%	8h	93.210	−0.092%	$320.5M	$276.7M	75x	as long as short
Gate HYPE_USDT	+0.0060%	4h	93.206	−0.096%	$44.6M	$55.0M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0074%	8h	93.203	−0.100%	$113.9M	$300.7M	50x	as long as short
Derive HYPE-PERP	+0.0083%	1h	93.173	−0.132%	$16.2M	$7.5M	10x	as long as short
Lighter HYPE	+0.0096%	1h	93.251	−0.048%	$16.2M	$61.9M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.241	−0.059%	$3.1M	$11.6M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.248	−0.051%	$69K	$1.2M	50x	as long as short
Paradex HYPE-USD-PERP	+0.0097%	8h	93.264	−0.035%	$339K	$162K	20x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.260	−0.039%	$17K	$1.6M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.221	−0.081%	$5.8M	$43.1M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.300	+0.004%	$2.04B	$655.0M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	93.270	−0.028%	$10.0M	$14.7M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.218	−0.084%	$378.2M	$875.6M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.364	+0.073%	$203K	$10K	10x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.207	−0.095%	$89.6M	$80.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.223	−0.078%	$45.8M	$18.1M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	93.209	−0.093%	$225.3M	$96.4M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.218	−0.084%	$7.4M	$10.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.546	+0.268%	$31.2M	$53.7M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.348	+0.056%	$7.5M	$45.7M	10x	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	93.581	+0.305%	$340K	$1.0M	50x	as long as short
StandX HYPE-USDlong	+0.0100%	1h	93.296	long leg	$666K	$2.6M	20x
Vest HYPE-PERP	+0.0100%	1h	93.291	−0.006%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.270	−0.028%	$471K	$2.6M	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	93.188	−0.116%	$79K	$170K	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.262	−0.036%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.209	−0.093%	$2.0M	$1.9M	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.182	−0.123%	$18.4M	$43.7M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	93.200	−0.103%	$396K	$162K	20x	as long as short
edgeX HYPEUSDC	+0.0111%	4h	93.350	+0.058%	$5.1M	$29.0M	30x	as long as short
HTX HYPE-USDT	+0.0174%	4h	93.442	+0.156%	$1.4M	$6.0M	75x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0176%	1h	93.290	−0.006%	$4.8M	$5.5M	50x	as long as short
Reya HYPERUSDPERP	+0.0258%	1h	93.207	−0.096%	$79K	$140K	15x	as long as short
Kalshi KXHYPEPERP	+0.0277%	8h	93.296	0.000%	$1.9M	$5.0M	2.3x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0331% / S −0.0156%	1h	93.234	−0.066%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.252	−0.047%	$16.9M	$11.6M	75x	as long as short
RISEx HYPE/USDC	+0.0510%	1h	93.338	+0.045%	$3.2M	$6.3M	20x	as long as short
Injective HYPE/USDC PERP	+0.0519%	1h	93.150	−0.156%	$30K	$339K	12x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0565%	1h	93.307	+0.012%	$7.4M	$4.3M	50x	as long as short
Kraken Futures PF_HYPEUSDshort	+0.0686%	1h	93.278	−0.019%	$20.7M	$29.7M	50x