Funding you earn now, next payment 00:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h −0.031%
Price spread now: Kalshi against Extended+0.123%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$250.253% of the position
Funding, last 7 days−0.213%−$21 on $10k
+Price spread, last 7 days+0.006%+$1 · spread now +0.123%, 7d avg +0.035%
=Together, before fees−0.208%+ Points / potential airdropExtended: Active · farm board−$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kalshi is 0.089% dearer against Extended than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.035%. Mind the row above: over the last 7 days funding on this pair cost −0.213%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended HYPE-USD | 94.183 | 0.0104 | pay 0.0013% / 1h | 45m 40s | $18.7M | $42.0M | 50x |
| Short | Kalshi KXHYPEPERP | 94.299 | 0.0126 | get 0.0126% / 8h | 4h 45m | $1.9M | $5.0M | 2.3x |
Extended HYPE-USD
Kalshi KXHYPEPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Extended. 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
- $4.56
- Price spread: +0.123% → +0.035%
- $8.88
- Slippage, 4 orders
- −$10.26
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$11.81
- Costs to cover
- 0.253%
- Break-even
- 25.1 days
Slippage from Extended: live order book, 3 min ago; Kalshi: 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 Extended live order book, 3 min ago | 0.05 bp | 3.5 bp −$4 | 6.0 bp −$60 | 25.4 bp −$2,536 | doesn't fit |
| Sell Kalshi live order book, 3 min ago | 3.13 bp | 8.4 bp −$8 | 11.5 bp −$115 | 19.5 bp −$1,949 | 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 | −0.0600% | 1h | 94.163 | −0.021% | $199K | $230K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0448% | 1h | 94.078 | −0.111% | $22K | $22K | 10x | as long as short |
| Arcus HYPE-USD | −0.0233% | 1h | 94.132 | −0.054% | $1.2M | $3.8M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.233 | +0.053% | $3K | $331 | 25x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 94.266 | +0.089% | $128K | $30K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.221 | +0.040% | $23K | $329K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 94.263 | +0.085% | $27K | — | 150x | as long as short |
| Phoenix HYPE | +0.0009% | 1h | 94.176 | −0.007% | $216K | $1.2M | 10x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0013% | 4h | 94.231 | +0.051% | $165K | $552K | 20x | as long as short |
| Bybit HYPEUSDT | +0.0022% | 8h | 94.200 | +0.018% | $324.8M | $281.5M | 75x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Phoenix HYPE
Orderly PERP_HYPE_USDC
Bybit HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps HYPE-USD.P | +0.0035% | 1h | 94.150 | −0.035% | $705K | $909K | 10x | as long as short |
| Aster HYPEUSDT | +0.0043% | 4h | 94.207 | +0.026% | $8.9M | $35.8M | 300x | as long as short |
| Phemex HYPEUSDT | +0.0053% | 8h | 94.184 | +0.001% | $12.8M | $2.6M | 50x | as long as short |
| 01 Exchange HYPEUSD | +0.0064% | 1h | 94.232 | +0.052% | $87K | $364K | 20x | as long as short |
| Gate HYPE_USDT | +0.0074% | 4h | 94.202 | +0.020% | $44.3M | $58.4M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0078% | 4h | 94.193 | +0.011% | $89.0M | $81.1M | 100x | as long as short |
| Binance HYPEUSDT | +0.0079% | 4h | 94.210 | +0.029% | $386.0M | $889.7M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0079% | 4h | 94.119 | −0.067% | $5.1M | $29.8M | 30x | as long as short |
| Derive HYPE-PERP | +0.0095% | 1h | 94.204 | +0.023% | $16.5M | $6.9M | 10x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.260 | +0.083% | $19.1M | $59.3M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.219 | +0.038% | $3.1M | $12.2M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.225 | +0.045% | $64K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 94.210 | +0.029% | $342K | $171K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.240 | +0.061% | $30K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.225 | +0.044% | $5.8M | $44.2M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.235 | +0.055% | $10.2M | $14.5M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 94.200 | +0.018% | $116.1M | $319.5M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.095 | −0.093% | $205K | $7K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.207 | +0.026% | $47.3M | $18.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 94.200 | +0.018% | $228.1M | $102.8M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.197 | +0.015% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.255 | +0.077% | $7.9M | $10.4M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.073 | −0.116% | $32.2M | $53.1M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.151 | −0.033% | $7.6M | $45.4M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.127 | −0.059% | $336K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.199 | +0.017% | $681K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.278 | +0.101% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.267 | +0.089% | $486K | $2.5M | 20x | as long as short |
| Bullet HYPE-USD | +0.0100% | 1h | 94.256 | +0.077% | $113K | $577K | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 94.257 | +0.079% | $76K | $167K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.242 | +0.063% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.250 | +0.071% | $2.0M | $2.0M | 10x | as long as short |
| Injective HYPE/USDC PERP | +0.0104% | 1h | 94.140 | −0.045% | $31K | $338K | 12x | as long as short |
| Extended HYPE-USDlong | +0.0104% | 1h | 94.183 | long leg | $18.7M | $42.0M | 50x | |
| Aevo HYPE-PERP | +0.0104% | 1h | 94.261 | +0.083% | $401K | $318K | 20x | as long as short |
| Kalshi KXHYPEPERPshort | +0.0126% | 8h | 94.299 | +0.123% | $1.9M | $5.0M | 2.3x | |
| Coinbase International HYPE-PERP-INTX | +0.0152% | 1h | 94.210 | +0.029% | $4.9M | $5.7M | 50x | as long as short |
| HTX HYPE-USDT | +0.0232% | 4h | 94.407 | +0.238% | $1.5M | $7.7M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0248% | 1h | 94.237 | +0.057% | $77K | $142K | 15x | as long as short |
| RISEx HYPE/USDC | +0.0284% | 1h | 94.259 | +0.081% | $2.8M | $6.9M | 20x | as long as short |
| BloFin HYPE-USDT | +0.0315% | 4h | 94.189 | +0.007% | $17.0M | $12.4M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0340% / S −0.0165% | 1h | 94.260 | +0.082% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0344% | 1h | 94.344 | +0.171% | $7.4M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSD | +0.0575% | 1h | 94.345 | +0.172% | $21.1M | $29.1M | 50x | as long as short |
| Hyperliquid HYPE | +0.0629% | 1h | 94.272 | +0.095% | $2.06B | $668.0M | 10x | as long as short |
Ondo Perps HYPE-USD.P
Aster HYPEUSDT
Phemex HYPEUSDT
01 Exchange HYPEUSD
Gate HYPE_USDT
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
Derive HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Pacifica HYPE
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
KuCoin HYPEUSDTM
Bitget HYPEUSDT
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
Bullet HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Injective HYPE/USDC PERP
Aevo HYPE-PERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
RISEx HYPE/USDC
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Kraken Futures PF_HYPEUSD
Hyperliquid HYPE