HYPE

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0311%/8h= −34.1% APRnext payment −$0.39 per $10,000 · paid last 24h −0.037%

Price spread now: Aevo against Kraken Futures−0.055%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$500.499% of the position

Long on Kraken Futures Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.110%−$11 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.055%, 7d avg −0.037%

Together, before fees−0.093%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.037%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.110% in total (about -5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.39 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	Kraken Futures PF_HYPEUSD	93.673	0.0415	pay 0.0052% / 1h	49m 16s	$20.9M	$29.6M	50x
Short	Aevo HYPE-PERP	93.622	0.0104	get 0.0013% / 1h	49m 16s	$396K	$159K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Kraken Futures. 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 Kraken FuturesbpFee AevobpOrdersPrice spread, now −0.055%Rate

Funding earned: −$65.35
Price spread: −0.055% → −0.037%: −$1.71
Slippage, 4 orders: −$23.88
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$116.94
Costs to cover: 0.499%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Aevo: live order book, 60 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 Kraken Futures live order book, 5 min ago	2.13 bp	9.0 bp −$9	13.1 bp −$131	19.5 bp −$1,951	62.3 bp −$31.2K
Sell Aevo live order book, 60 min ago	7.18 bp	15.2 bp −$15	17.4 bp −$174	19.6 bp −$1,957	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	−0.1136%	1h	93.719	+0.049%	$199K	$242K	7x	as long as short
Aftermath Perps HYPEUSD	−0.0248%	1h	93.846	+0.185%	$22K	$21K	10x	as long as short
Ondo Perps HYPE-USD.P	−0.0106%	1h	93.760	+0.093%	$706K	$1.2M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	93.716	+0.046%	$3K	$331	25x	as long as short
01 Exchange HYPEUSD	−0.0064%	1h	93.687	+0.015%	$86K	$372K	20x	as long as short
Bullet HYPE-USD	−0.0053%	1h	93.613	−0.064%	$111K	$581K	20x	as long as short
Bluefin HYPE-PERP	−0.0029%	1h	93.599	−0.079%	$79K	$156K	20x	as long as short
Orderly PERP_HYPE_USDC	−0.0019%	4h	93.600	−0.078%	$145K	$681K	20x	as long as short
dYdX HYPE-USD	0.0000%	1h	93.743	+0.075%	$129K	$29K	5x	as long as short
Perpl HYPE	0.0000%	43m	93.679	+0.006%	$22K	$285K	10x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0002%	1h	93.646	−0.029%	$63K	—	150x	as long as short
Bybit HYPEUSDT	+0.0010%	8h	93.580	−0.099%	$316.1M	$287.9M	75x	as long as short
BingX HYPE-USDT	+0.0010%	4h	93.596	−0.082%	—	$53.9M	—	as long as short
Phoenix HYPE	+0.0017%	1h	93.780	+0.114%	$210K	$1.1M	10x	as long as short
Bitget HYPEUSDT	+0.0040%	4h	93.599	−0.079%	$225.5M	$99.6M	75x	as long as short
Phemex HYPEUSDT	+0.0071%	8h	93.624	−0.052%	$12.8M	$2.8M	50x	as long as short
ApeX Omni HYPEUSDT	+0.0074%	1h	93.801	+0.137%	$348K	$1.0M	50x	as long as short
Arcus HYPE-USD	+0.0084%	1h	93.593	−0.085%	$1.0M	$4.0M	10x	as long as short
Paradex HYPE-USD-PERP	+0.0085%	8h	93.690	+0.019%	$335K	$161K	20x	as long as short
edgeX HYPEUSDC	+0.0091%	4h	93.758	+0.091%	$5.0M	$30.5M	30x	as long as short
Derive HYPE-PERP	+0.0092%	1h	93.581	−0.098%	$16.3M	$7.4M	10x	as long as short
Lighter HYPE	+0.0096%	1h	93.598	−0.080%	$16.2M	$63.6M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	93.583	−0.096%	$3.1M	$11.1M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	93.670	−0.003%	$78K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	93.680	+0.008%	$23K	$1.7M	10x	as long as short
Nado HYPE-PERP	+0.0100%	1h	93.698	+0.027%	$7.4M	$50.9M	10x	as long as short
Hyperliquid HYPE	+0.0100%	1h	93.760	+0.093%	$2.05B	$682.2M	10x	as long as short
Aster HYPEUSDT	+0.0100%	4h	93.614	−0.063%	$8.9M	$37.4M	300x	as long as short
Pacifica HYPE	+0.0100%	1h	93.697	+0.026%	$10.1M	$15.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	93.582	−0.097%	$375.0M	$930.5M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	93.594	−0.084%	$115.6M	$316.0M	50x	as long as short
Gate HYPE_USDT	+0.0100%	4h	93.595	−0.083%	$48.3M	$54.9M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	93.575	−0.105%	$88.8M	$83.2M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	93.603	−0.075%	$46.2M	$18.8M	75x	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	93.611	−0.066%	$7.2M	$10.8M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	93.670	−0.004%	$28.6M	$56.1M	—	as long as short
GRVT HYPE_USDT_Perp	+0.0100%	4h	93.726	+0.057%	$7.6M	$48.1M	10x	as long as short
StandX HYPE-USD	+0.0100%	1h	93.812	+0.148%	$679K	$2.8M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	93.723	+0.054%	—	$243K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	93.664	−0.010%	$470K	$2.8M	20x	as long as short
SunX HYPE-USDT	+0.0100%	4h	93.741	+0.073%	$32K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	93.598	−0.080%	$2.0M	$1.9M	10x	as long as short
HTX HYPE-USDT	+0.0100%	4h	93.807	+0.143%	$1.4M	$6.7M	75x	as long as short
Bulk HYPE-USD	+0.0100%	1h	93.731	+0.062%	$216K	$15K	10x	as long as short
Extended HYPE-USD	+0.0104%	1h	93.570	−0.109%	$18.2M	$43.3M	50x	as long as short
Aevo HYPE-PERPshort	+0.0104%	1h	93.622	−0.055%	$396K	$159K	20x
Kalshi KXHYPEPERP	+0.0106%	8h	93.653	−0.021%	$1.8M	$5.6M	2.3x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0120%	1h	93.820	+0.157%	$4.7M	$6.1M	50x	as long as short
Injective HYPE/USDC PERP	+0.0205%	1h	93.670	−0.003%	$30K	$339K	12x	as long as short
Reya HYPERUSDPERP	+0.0271%	1h	93.602	−0.076%	$77K	$130K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0273%	1h	93.703	+0.032%	$7.4M	$4.2M	50x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0333% / S −0.0154%	1h	93.664	−0.010%	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	93.600	−0.078%	$17.0M	$12.2M	75x	as long as short
Kraken Futures PF_HYPEUSDlong	+0.0415%	1h	93.673	long leg	$20.9M	$29.6M	50x
RISEx HYPE/USDC	+0.0559%	1h	93.716	+0.046%	$3.2M	$6.4M	20x	as long as short