Funding you earn now, next payment 05:00 UTC+0.0194%/8h= +21.2% APRpaid last 24h +0.087%
Price spread now: Kalshi against Arcus+0.157%7-day average +0.025% · 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−$14as in the Price arb table
costs, in and out, $10k−$270.272% of the position
Funding, last 4 days (all we have)+0.040%+$4 on $10k
+Price spread, last 7 days−0.033%−$3 · spread now +0.157%, 7d avg +0.025%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kalshi is 0.132% dearer against Arcus than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.025%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.040% in total (about 4.1% 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 | Arcus HYPE-USD | 92.860 | −0.0194 | get 0.0024% / 1h | 47m 43s | $1.1M | $3.9M | 10x |
| Short | Kalshi KXHYPEPERP | 93.006 | 0 | get 0.0000% / 8h | 7h 47m | $1.8M | $5.4M | 2.3x |
Arcus HYPE-USD
Kalshi KXHYPEPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Arcus. 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
- $40.65
- Price spread: +0.157% → +0.025%
- $13.22
- Slippage, 4 orders
- −$12.69
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- $26.68
- Costs to cover
- 0.272%
- Break-even
- 2.4 days
Slippage from Arcus: live order book, 1 min ago; Kalshi: 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 Arcus live order book, 1 min ago | 0.05 bp | 2.3 bp −$2 | 4.7 bp −$47 | 19.2 bp −$1,918 | doesn't fit |
| Sell Kalshi live order book, 1 min ago | 3.33 bp | 11.9 bp −$12 | 13.3 bp −$133 | 19.5 bp −$1,950 | doesn't fit |
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 | −0.0728% | 1h | 92.719 | −0.152% | $193K | $229K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0266% | 1h | 92.926 | +0.071% | $22K | $21K | 10x | as long as short |
| Arcus HYPE-USDlong | −0.0194% | 1h | 92.860 | long leg | $1.1M | $3.9M | 10x | |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.930 | +0.075% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0062% | 4h | 92.870 | +0.011% | $157K | $660K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.948 | +0.094% | $127K | $29K | 5x | as long as short |
| Kalshi KXHYPEPERPshort | 0.0000% | 8h | 93.006 | +0.157% | $1.8M | $5.4M | 2.3x | |
| Perpl HYPE | 0.0000% | 43m | 92.980 | +0.129% | $22K | $301K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.936 | +0.082% | $62K | — | 150x | as long as short |
| Phoenix HYPE | +0.0026% | 1h | 93.032 | +0.185% | $210K | $1.2M | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Phoenix HYPEShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HYPEUSDT | +0.0035% | 8h | 92.900 | +0.043% | $316.1M | $282.2M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0040% | 8h | 92.910 | +0.054% | $12.5M | $2.7M | 50x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0046% | 1h | 92.870 | +0.011% | $699K | $1.1M | 10x | as long as short |
| 01 Exchange HYPEUSD | +0.0056% | 1h | 92.904 | +0.047% | $87K | $362K | 20x | as long as short |
| Bullet HYPE-USD | +0.0072% | 1h | 92.901 | +0.045% | $112K | $578K | 20x | as long as short |
| Gate HYPE_USDT | +0.0074% | 4h | 92.908 | +0.052% | $44.7M | $53.8M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0076% | 4h | 92.890 | +0.032% | $225.0M | $99.0M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0086% | 4h | 92.935 | +0.081% | $4.9M | $29.6M | 30x | as long as short |
| Popdex HYPEUSDT | +0.0088% | 1h | 92.875 | +0.016% | $69K | $1.1M | 50x | as long as short |
| Aster HYPEUSDT | +0.0090% | 4h | 92.936 | +0.082% | $8.7M | $36.1M | 300x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.927 | +0.073% | $16.1M | $62.4M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.928 | +0.073% | $3.1M | $11.6M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0097% | 8h | 92.934 | +0.080% | $339K | $163K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.870 | +0.011% | $39K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.984 | +0.134% | $7.4M | $45.8M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.961 | +0.109% | $2.03B | $665.1M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.938 | +0.084% | $10.0M | $15.2M | 20x | as long as short |
| Binance HYPEUSDT | +0.0100% | 4h | 92.911 | +0.055% | $373.6M | $904.0M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 92.912 | +0.056% | $113.9M | $304.5M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.942 | +0.088% | $202K | $13K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 92.917 | +0.061% | $87.4M | $80.1M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 92.920 | +0.065% | $46.1M | $18.4M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 92.898 | +0.041% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.921 | +0.066% | $7.3M | $11.3M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.989 | +0.139% | $28.6M | $57.5M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.015 | +0.167% | $7.5M | $46.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.928 | +0.073% | $351K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.904 | +0.047% | $667K | $2.8M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.984 | +0.133% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.980 | +0.129% | $469K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.876 | +0.017% | $79K | $168K | 20x | as long as short |
| Derive HYPE-PERP | +0.0100% | 1h | 92.886 | +0.028% | $16.1M | $7.5M | 10x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.997 | +0.148% | $31K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.907 | +0.051% | $2.0M | $2.0M | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.855 | −0.005% | $18.0M | $43.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.912 | +0.056% | $393K | $164K | 20x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 92.970 | +0.118% | $4.7M | $5.6M | 50x | as long as short |
| HTX HYPE-USDT | +0.0179% | 4h | 93.116 | +0.276% | $1.4M | $6.3M | 75x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0197% | 1h | 92.978 | +0.127% | $20.6M | $30.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0242% | 1h | 93.150 | +0.312% | $30K | $339K | 12x | as long as short |
| Reya HYPERUSDPERP | +0.0264% | 1h | 92.927 | +0.072% | $79K | $131K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0331% / S −0.0154% | 1h | 92.926 | +0.071% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 92.915 | +0.059% | $16.7M | $11.6M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0363% | 1h | 93.002 | +0.153% | $7.5M | $4.5M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0598% | 1h | 92.941 | +0.087% | $3.1M | $6.4M | 20x | as long as short |
Bybit HYPEUSDT
Phemex HYPEUSDT
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Bullet HYPE-USD
Gate HYPE_USDT
Bitget HYPEUSDT
edgeX HYPEUSDC
Popdex HYPEUSDT
Aster HYPEUSDT
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Vest HYPE-PERP
Polymarket Perps HYPE-USD
Bluefin HYPE-PERP
Derive HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Extended HYPE-USD
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Kraken Futures PF_HYPEUSD
Injective HYPE/USDC PERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC