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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
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Alert: spread
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Funding you earn now, next payment 09:00 UTC+0.0929%/8h= +101.7% APRnext payment +$1.16 per $10,000 · paid last 24h +0.323%
Price spread now: Kraken Futures against Hibachi+0.105%7-day average +0.118% · you sell dearer than you buy
Net, funding: paid 7d − costs+$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$750.747% of the position
Long on HibachiShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days+1.869%+$187 on $10k
Price spread, last 4 days (all we have)−0.381%−$38 · spread now +0.105%, 7d avg +0.118%
Together, before fees+1.487%+ Points / potential airdropHibachi: Active · farm board+$149 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.118%, so right now this pair is about funding alone: +$28 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi HYPE/USDT-P94.507−0.0976get 0.0122% / 1h36m 28s$207K$268K7x
ShortKraken Futures PF_HYPEUSD94.607−0.0047pay 0.0006% / 1h36m 28s$19.0M$35.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Hibachi. 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
$195
Price spread: +0.105% → +0.118%
−$1.22
Slippage, 4 orders
−$55.68
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$119.11
Costs to cover
0.747%
Break-even
2.7 days
Slippage from Hibachi: live order book, 62 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
LegHalf-spread$10k$100k$1M$5M
Buy Hibachi live order book, 62 min ago17.49 bp34.1 bp −$3454.2 bp −$542doesn't fitdoesn't fit
Sell Kraken Futures live order book, 3 min ago1.96 bp9.6 bp −$1017.5 bp −$17541.9 bp −$4,191doesn't fit

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-Plong−0.0976%1h94.507long leg$207K$268K7x
Bluefin HYPE-PERP−0.0615%1h94.589+0.086%$80K$150K20xas long as short
Aftermath Perps HYPEUSD−0.0314%1h94.681+0.183%$22K$20K10xas long as short
Bullet HYPE-USD−0.0200%1h94.618+0.117%$112K$578K20xas long as short
Ondo Perps HYPE-USD.P−0.0148%1h94.530+0.024%$704K$1.3M10xas long as short
Arcus HYPE-USD−0.0112%1h94.585+0.082%$1.0M$3.5M10xas long as short
01 Exchange HYPEUSD−0.0080%1h94.607+0.105%$90K$366K20xas long as short
Hotstuff HYPE-PERP−0.0080%1h94.588+0.085%$3K$33125xas long as short
Gate HYPE_USDT−0.0080%4h94.588+0.085%$51.4M$54.9M75xas long as short
Phemex HYPEUSDT−0.0060%8h94.610+0.109%$12.9M$2.9M50xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_HYPEUSDshort−0.0047%1h94.607+0.105%$19.0M$35.3M50x
Orderly PERP_HYPE_USDC−0.0006%4h94.596+0.094%$147K$682K20xas long as short
dYdX HYPE-USD0.0000%1h94.650+0.151%$130K$94K5xas long as short
Bybit HYPEUSDT0.0000%8h94.569+0.065%$318.2M$296.5M75xas long as short
Kalshi KXHYPEPERP0.0000%8h94.679+0.182%$1.8M$5.6M2.3xas long as short
Perpl HYPE0.0000%43m94.603+0.101%$19K$286K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0001%1h94.630+0.130%$95K—150xas long as short
Phoenix HYPE+0.0008%1h94.747+0.253%$210K$1.2M10xas long as short
Coinbase International HYPE-PERP-INTX+0.0016%1h94.600+0.098%$4.7M$6.4M50xas long as short
Bitget HYPEUSDT+0.0026%4h94.590+0.087%$227.2M$99.7M75xas long as short
Derive HYPE-PERP+0.0045%1h94.575+0.071%$16.3M$7.5M10xas long as short
Vest HYPE-PERP+0.0048%1h94.666+0.167%—$190K5xas long as short
OKX HYPE-USDT-SWAP+0.0052%8h94.574+0.070%$118.1M$329.5M50xas long as short
Paradex HYPE-USD-PERP+0.0052%8h94.638+0.138%$338K$154K20xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0056%1h94.699+0.203%$7.5M$4.4M50xas long as short
SoDEX HYPE-USD+0.0092%1h94.631+0.131%$2.1M$2.0M10xas long as short
edgeX HYPEUSDC+0.0096%4h94.547+0.042%$5.0M$30.8M30xas long as short
Lighter HYPE+0.0096%1h94.617+0.115%$16.2M$62.6M20xas long as short
Lighter RH HYPE+0.0096%1h94.621+0.120%$3.2M$10.3M20xas long as short
Popdex HYPEUSDT+0.0096%1h94.586+0.083%$148K$1.3M50xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h94.606+0.104%$7.6M$10.7M20xas long as short
Katana Perps HYPE-USD+0.0100%8h94.560+0.056%$40K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h94.608+0.107%$7.3M$51.8M10xas long as short
Hyperliquid HYPE+0.0100%1h94.732+0.238%$2.08B$685.8M10xas long as short
Aster HYPEUSDT+0.0100%4h94.582+0.079%$9.7M$37.6M300xas long as short
Pacifica HYPE+0.0100%1h94.632+0.131%$10.2M$14.5M20xas long as short
Binance HYPEUSDT+0.0100%4h94.605+0.103%$381.0M$938.8M75xas long as short
Bulk HYPE-USD+0.0100%1h94.564+0.060%$220K$14K10xas long as short
MEXC HYPE_USDT+0.0100%4h94.609+0.107%$93.8M$85.9M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h94.591+0.088%$47.2M$19.2M75xas long as short
BingX HYPE-USDT+0.0100%4h94.585+0.082%—$53.5M—as long as short
Variational Omni HYPE+0.0100%8h94.549+0.044%$30.0M$56.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h94.563+0.059%$7.6M$44.7M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h94.555+0.050%$345K$1.1M50xas long as short
StandX HYPE-USD+0.0100%1h94.556+0.051%$694K$2.7M20xas long as short
Polymarket Perps HYPE-USD+0.0100%1h94.675+0.177%$499K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h94.675+0.177%$33K$1.6M20xas long as short
HTX HYPE-USDT+0.0100%4h94.750+0.257%$1.4M$6.9M75xas long as short
Extended HYPE-USD+0.0104%1h94.566+0.062%$18.4M$43.4M50xas long as short
Aevo HYPE-PERP+0.0104%1h94.610+0.109%$400K$153K20xas long as short
RISEx HYPE/USDC+0.0133%1h94.633+0.133%$3.1M$6.4M20xas long as short
Injective HYPE/USDC PERP+0.0153%1h95.170+0.701%$31K$340K12xas long as short
Reya HYPERUSDPERP+0.0271%1h94.595+0.092%$85K$118K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0156%1h94.658+0.160%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h94.614+0.113%$17.3M$12.6M75xas long as short