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Funding arb · Price arb /

HYPE

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 03:00 UTC+0.0663%/8h= +72.6% APRpaid last 24h +0.036%
Price spread now: Kraken Futures against Aster+0.145%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$260.259% of the position
Long on AsterShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days+0.134%+$13 on $10k
Price spread, last 4 days (all we have)−0.528%−$53 · spread now +0.145%, 7d avg +0.047%
Together, before fees−0.394%+ Points / potential airdropAster: Stage 5 · farm board−$39 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Kraken Futures is 0.098% dearer against Aster than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.047%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.134% in total (about 7.0% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster HYPEUSDT93.1760.0022pay 0.0011% / 4h1h 09m$8.8M$35.9M300x
ShortKraken Futures PF_HYPEUSD93.3120.0686get 0.0086% / 1h9m 31s$20.7M$29.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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

Funding earned
$139.29
Price spread: +0.145% → +0.047%
$9.83
Slippage, 4 orders
−$7.95
Fee Aster: 4 bp × 2 orders
−$8
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$123.17
Costs to cover
0.259%
Break-even
0.8 days
Slippage from Aster: live order book, 5 min ago; Kraken Futures: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 5 min ago0.48 bp4.6 bp −$55.0 bp −$5011.1 bp −$1,106doesn't fit
Sell Kraken Futures live order book, 5 min ago1.40 bp9.6 bp −$1010.6 bp −$10615.8 bp −$1,58448.3 bp −$24.1K

HYPE on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.0976%1h93.211+0.037%$197K$226K7xas long as short
Arcus HYPE-USD−0.0899%1h93.011−0.177%$1.2M$3.8M10xas long as short
Ondo Perps HYPE-USD.P−0.0132%1h93.090−0.093%$698K$1.0M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.163−0.014%$3K$33125xas long as short
Aftermath Perps HYPEUSD−0.0077%1h93.219+0.046%$22K$21K10xas long as short
01 Exchange HYPEUSD−0.0056%1h93.151−0.027%$85K$345K20xas long as short
Orderly PERP_HYPE_USDC−0.0048%4h93.217+0.044%$155K$654K20xas long as short
Phemex HYPEUSDT−0.0011%8h93.219+0.046%$12.6M$2.7M50xas long as short
dYdX HYPE-USD0.0000%1h93.226+0.054%$128K$31K5xas long as short
Perpl HYPE0.0000%43m93.155−0.023%$23K$316K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.164−0.014%$62K—150xas long as short
Bullet HYPE-USD+0.0005%1h93.137−0.042%$111K$579K20xas long as short
Aster HYPEUSDTlong+0.0022%4h93.176long leg$8.8M$35.9M300x
Phoenix HYPE+0.0026%1h93.210+0.036%$213K$1.2M10xas long as short
BingX HYPE-USDT+0.0036%4h93.133−0.046%—$53.0M—as long as short
Gate HYPE_USDT+0.0046%4h93.146−0.033%$44.5M$55.6M75xas long as short
Bybit HYPEUSDT+0.0047%8h93.128−0.052%$320.4M$277.0M75xas long as short
OKX HYPE-USDT-SWAP+0.0074%8h93.116−0.065%$113.6M$298.9M50xas long as short
Derive HYPE-PERP+0.0086%1h93.202+0.027%$16.2M$7.5M10xas long as short
Lighter HYPE+0.0096%1h93.146−0.032%$16.2M$62.1M20xas long as short
Lighter RH HYPE+0.0096%1h93.138−0.041%$3.1M$11.7M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.138−0.041%$67K$1.2M50xas long as short
Paradex HYPE-USD-PERP+0.0096%8h93.153−0.025%$339K$162K20xas long as short
MEXC HYPE_USDT+0.0098%4h93.116−0.065%$89.4M$81.2M100xas long as short
Katana Perps HYPE-USD+0.0100%8h93.120−0.060%$24K$1.6M10xas long as short
Nado HYPE-PERP+0.0100%1h93.125−0.055%$5.8M$43.0M10xas long as short
Hyperliquid HYPE+0.0100%1h93.194+0.019%$2.03B$653.4M10xas long as short
Pacifica HYPE+0.0100%1h93.160−0.018%$10.0M$14.8M20xas long as short
Binance HYPEUSDT+0.0100%4h93.119−0.062%$376.5M$880.1M75xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.136−0.043%$45.8M$18.2M75xas long as short
Bitget HYPEUSDT+0.0100%4h93.130−0.050%$225.2M$96.4M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.186+0.010%$7.4M$10.2M20xas long as short
Variational Omni HYPE+0.0100%8h93.197+0.022%$31.4M$53.7M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.289+0.120%$7.5M$46.2M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.125−0.055%$338K$998K50xas long as short
StandX HYPE-USD+0.0100%1h93.310+0.143%$667K$2.7M20xas long as short
Vest HYPE-PERP+0.0100%1h93.201+0.026%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.158−0.020%$472K$2.6M20xas long as short
Bluefin HYPE-PERP+0.0100%1h93.197+0.022%$79K$167K20xas long as short
SunX HYPE-USDT+0.0100%4h93.323+0.157%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.238+0.066%$2.0M$2.0M10xas long as short
Bulk HYPE-USD+0.0100%1h93.155−0.023%$203K$10K10xas long as short
Extended HYPE-USD+0.0104%1h93.088−0.094%$18.3M$42.8M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.233+0.061%$397K$162K20xas long as short
edgeX HYPEUSDC+0.0104%4h93.205+0.030%$5.0M$28.9M30xas long as short
HTX HYPE-USDT+0.0133%4h93.433+0.275%$1.4M$6.0M75xas long as short
Coinbase International HYPE-PERP-INTX+0.0176%1h93.300+0.133%$4.8M$5.5M50xas long as short
Reya HYPERUSDPERP+0.0259%1h93.106−0.076%$79K$140K15xas long as short
Kalshi KXHYPEPERP+0.0269%8h93.302+0.135%$1.9M$5.2M2.3xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0308%1h93.304+0.137%$7.4M$4.3M50xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h93.251+0.081%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0338%4h93.247+0.076%$17.0M$11.5M75xas long as short
RISEx HYPE/USDC+0.0510%1h93.209+0.035%$3.2M$6.3M20xas long as short
Injective HYPE/USDC PERP+0.0519%1h93.160−0.018%$30K$339K12xas long as short
Kraken Futures PF_HYPEUSDshort+0.0686%1h93.312+0.145%$20.7M$29.8M50x