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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 05:00 UTC−0.0506%/8h= −55.4% APRnext payment −$0.63 per $10,000 · paid last 24h −0.062%
Price spread now: Aftermath Perps against Kraken Futures+0.036%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on Aftermath Perps
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. Aftermath Perps is 0.036% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 6 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_HYPEUSD92.7730.0197pay 0.0025% / 1h22m 32s$20.6M$30.5M50x
ShortAftermath Perps HYPEUSD92.806−0.0309pay 0.0039% / 1h22m 32s$22K$21K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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

Funding earned
−$106.33
Price spread: +0.036% → 0.000%
$3.57
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Aftermath Perps: 4.5 bp × 2 orders
−$9
Net
−$121.76
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Kraken Futures: live order book, 2 min ago; Aftermath Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 2 min ago1.56 bp8.0 bp −$811.4 bp −$11419.7 bp −$1,96964.7 bp −$32.3K
Sell Aftermath Perps no order-book sample—————
Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.1696%1h92.615−0.171%$193K$230K7xas long as short
Aftermath Perps HYPEUSDshort−0.0309%1h92.806+0.036%$22K$21K10x
Arcus HYPE-USD−0.0194%1h92.606−0.180%$1.1M$3.9M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h92.647−0.136%$3K$33125xas long as short
Orderly PERP_HYPE_USDC−0.0060%4h92.702−0.077%$145K$681K20xas long as short
Bullet HYPE-USD−0.0002%1h92.701−0.078%$112K$577K20xas long as short
dYdX HYPE-USD0.0000%1h92.661−0.120%$127K$29K5xas long as short
Perpl HYPE0.0000%43m92.733−0.043%$22K$293K10xas long as short
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h92.738−0.038%$62K—150xas long as short
Ondo Perps HYPE-USD.P+0.0003%1h92.570−0.219%$698K$1.1M10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange HYPEUSD+0.0024%1h92.652−0.131%$86K$364K20xas long as short
Phoenix HYPE+0.0026%1h92.921+0.159%$210K$1.2M10xas long as short
Bybit HYPEUSDT+0.0032%8h92.673−0.108%$315.2M$282.9M75xas long as short
Popdex HYPEUSDT+0.0040%1h92.644−0.139%$70K$1.1M50xas long as short
Bitget HYPEUSDT+0.0046%4h92.633−0.151%$224.3M$98.8M75xas long as short
Phemex HYPEUSDT+0.0055%8h92.716−0.062%$12.5M$2.7M50xas long as short
Gate HYPE_USDT+0.0060%4h92.630−0.154%$45.0M$54.4M75xas long as short
edgeX HYPEUSDC+0.0092%4h92.837+0.068%$4.9M$29.6M30xas long as short
Lighter HYPE+0.0096%1h92.653−0.130%$16.0M$62.7M20xas long as short
Lighter RH HYPE+0.0096%1h92.664−0.118%$3.1M$11.6M20xas long as short
Paradex HYPE-USD-PERP+0.0099%8h92.674−0.107%$338K$163K20xas long as short
Katana Perps HYPE-USD+0.0099%8h92.630−0.154%$34K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h92.626−0.159%$7.4M$46.1M10xas long as short
Hyperliquid HYPE+0.0100%1h92.677−0.104%$2.02B$665.4M10xas long as short
Aster HYPEUSDT+0.0100%4h92.640−0.144%$8.7M$36.2M300xas long as short
Pacifica HYPE+0.0100%1h92.669−0.112%$10.0M$15.2M20xas long as short
Binance HYPEUSDT+0.0100%4h92.688−0.092%$372.8M$905.3M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h92.685−0.095%$113.8M$303.1M50xas long as short
Bulk HYPE-USD+0.0100%1h92.709−0.070%$202K$13K10xas long as short
MEXC HYPE_USDT+0.0100%4h92.638−0.146%$91.0M$81.2M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h92.640−0.144%$46.0M$18.4M75xas long as short
BingX HYPE-USDT+0.0100%4h92.637−0.147%—$53.8M—as long as short
Backpack HYPE_USDC_PERP+0.0100%1h92.716−0.062%$7.2M$11.2M20xas long as short
Variational Omni HYPE+0.0100%8h92.768−0.006%$28.5M$57.3M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h92.808+0.038%$7.5M$46.5M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h92.846+0.078%$341K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h92.765−0.009%$667K$2.9M20xas long as short
Vest HYPE-PERP+0.0100%1h92.736−0.040%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h92.746−0.029%$481K$2.7M20xas long as short
Bluefin HYPE-PERP+0.0100%1h92.704−0.075%$78K$166K20xas long as short
Derive HYPE-PERP+0.0100%1h92.703−0.075%$16.0M$7.6M10xas long as short
SunX HYPE-USDT+0.0100%4h92.740−0.036%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h92.706−0.072%$2.0M$2.0M10xas long as short
HTX HYPE-USDT+0.0100%4h92.900+0.137%$1.4M$6.3M75xas long as short
Extended HYPE-USD+0.0104%1h92.608−0.178%$18.0M$43.6M50xas long as short
Aevo HYPE-PERP+0.0104%1h92.698−0.081%$392K$164K20xas long as short
Kalshi KXHYPEPERP+0.0132%8h92.786+0.014%$1.8M$5.4M2.3xas long as short
Coinbase International HYPE-PERP-INTX+0.0144%1h92.730−0.047%$4.7M$5.6M50xas long as short
Kraken Futures PF_HYPEUSDlong+0.0197%1h92.773long leg$20.6M$30.5M50x
Injective HYPE/USDC PERP+0.0242%1h92.640−0.144%$30K$339K12xas long as short
Reya HYPERUSDPERP+0.0266%1h92.698−0.082%$79K$131K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0331% / S −0.0154%1h92.739−0.037%$1.4M—100xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0332%1h92.799+0.028%$7.5M$4.5M50xas long as short
BloFin HYPE-USDT+0.0340%4h92.682−0.098%$16.7M$11.6M75xas long as short
RISEx HYPE/USDC+0.0598%1h92.698−0.081%$3.1M$6.4M20xas long as short