Funding you earn now, next payment 01:00 UTC−0.0753%/8h= −82.5% APRnext payment −$0.94 per $10,000 · paid last 24h −0.035%
Price spread now: dYdX against Kraken Futures+0.066%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$820.818% of the position
Funding, last 7 days−0.207%−$21 on $10k
+Price spread, last 3 days (all we have)−0.077%−$8 · spread now +0.066%, 7d avg −0.033%
=The price spread pays, funding is against you. dYdX is 0.099% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of −0.033%): +$10 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.207% in total) that is about 3.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.207% in total (about -10.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.94 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 | 93.532 | 0.0675 | pay 0.0084% / 1h | 1m 57s | $20.9M | $29.8M | 50x |
| Short | dYdX HYPE-USD | 93.595 | −0.0078 | pay 0.0010% / 1h | 1m 57s | $128K | $31K | 5x |
Kraken Futures PF_HYPEUSD
dYdX HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$158.13
- Price spread: +0.066% → −0.033%
- $9.91
- Slippage, 4 orders
- −$61.84
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$230.06
- Costs to cover
- 0.818%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; dYdX: live order book, 7 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, 2 min ago | 1.55 bp | 9.8 bp −$10 | 13.2 bp −$132 | 23.0 bp −$2,300 | 72.2 bp −$36.1K |
| Sell dYdX live order book, 7 min ago | 25.82 bp | 30.8 bp −$31 | 37.7 bp −$377 | 143.0 bp −$14.3K | 1105.7 bp −$552.9K |
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 | −0.1120% | 1h | 93.805 | +0.291% | $199K | $228K | 7x | as long as short |
| Arcus HYPE-USD | −0.0625% | 1h | 93.372 | −0.171% | $1.2M | $3.9M | 10x | as long as short |
| Aftermath Perps HYPEUSD | −0.0190% | 1h | 93.839 | +0.327% | $22K | $21K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0104% | 1h | 93.580 | +0.051% | $710K | $963K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.477 | −0.059% | $85K | $359K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.510 | −0.024% | $3K | $331 | 25x | as long as short |
| dYdX HYPE-USDshort | −0.0078% | 1h | 93.595 | +0.066% | $128K | $31K | 5x | |
| Gate HYPE_USDT | −0.0060% | 4h | 93.476 | −0.060% | $44.3M | $60.6M | 75x | as long as short |
| Bullet HYPE-USD | −0.0042% | 1h | 93.435 | −0.104% | $113K | $579K | 20x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0039% | 4h | 93.434 | −0.105% | $158K | $644K | 20x | as long as short |
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Gate HYPE_USDT
Bullet HYPE-USD
Orderly PERP_HYPE_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | −0.0006% | 4h | 93.452 | −0.086% | $8.9M | $36.0M | 300x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.501 | −0.034% | $23K | $327K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 93.469 | −0.068% | $27K | — | 150x | as long as short |
| Bybit HYPEUSDT | +0.0019% | 8h | 93.468 | −0.069% | $321.3M | $279.5M | 75x | as long as short |
| Derive HYPE-PERP | +0.0024% | 1h | 93.440 | −0.099% | $16.3M | $7.5M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0024% | 8h | 93.513 | −0.021% | $12.7M | $2.6M | 50x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.887 | +0.379% | $213K | $1.2M | 10x | as long as short |
| Binance HYPEUSDT | +0.0052% | 4h | 93.488 | −0.047% | $381.8M | $897.8M | 75x | as long as short |
| MEXC HYPE_USDT | +0.0054% | 4h | 93.487 | −0.049% | $87.5M | $83.6M | 100x | as long as short |
| Bluefin HYPE-PERP | +0.0067% | 1h | 93.476 | −0.060% | $76K | $170K | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0071% | 8h | 93.478 | −0.058% | $115.6M | $313.7M | 50x | as long as short |
| edgeX HYPEUSDC | +0.0074% | 4h | 93.859 | +0.349% | $5.1M | $29.7M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.494 | −0.041% | $18.8M | $60.9M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.514 | −0.020% | $3.0M | $12.2M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 93.475 | −0.061% | $64K | $1.2M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.461 | −0.076% | $398K | $180K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.556 | +0.025% | $340K | $165K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.480 | −0.056% | $34K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.523 | −0.010% | $6.6M | $44.6M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.560 | +0.030% | $2.04B | $669.7M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.547 | +0.015% | $10.1M | $14.7M | 20x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.511 | −0.023% | $46.4M | $18.3M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.502 | −0.032% | $226.4M | $100.3M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.495 | −0.040% | — | $53.8M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.437 | −0.102% | $7.9M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.768 | +0.252% | $31.3M | $53.6M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.861 | +0.351% | $7.6M | $46.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.820 | +0.307% | $340K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.742 | +0.224% | $669K | $2.6M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.560 | +0.030% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.496 | −0.039% | $472K | $2.5M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.515 | −0.019% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.457 | −0.081% | $2.0M | $2.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.894 | +0.386% | $204K | $10K | 10x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.466 | −0.071% | $18.3M | $44.9M | 50x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0144% | 1h | 93.540 | +0.008% | $4.9M | $5.5M | 50x | as long as short |
| Injective HYPE/USDC PERP | +0.0205% | 1h | 93.570 | +0.040% | $30K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0217% | 4h | 93.624 | +0.098% | $17.0M | $12.0M | 75x | as long as short |
| RISEx HYPE/USDC | +0.0222% | 1h | 93.510 | −0.024% | $2.7M | $6.7M | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0248% | 8h | 93.761 | +0.244% | $1.9M | $5.2M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0253% | 1h | 93.451 | −0.087% | $79K | $143K | 15x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0333% / S −0.0157% | 1h | 93.476 | −0.061% | $1.4M | — | 100x | as long as short |
| HTX HYPE-USDT | +0.0355% | 4h | 93.650 | +0.126% | $1.5M | $6.0M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0552% | 1h | 93.568 | +0.038% | $7.4M | $4.6M | 50x | as long as short |
| Kraken Futures PF_HYPEUSDlong | +0.0675% | 1h | 93.532 | long leg | $20.9M | $29.8M | 50x |
Aster HYPEUSDT
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Bybit HYPEUSDT
Derive HYPE-PERP
Phemex HYPEUSDT
Phoenix HYPE
Binance HYPEUSDT
MEXC HYPE_USDT
Bluefin HYPE-PERP
OKX HYPE-USDT-SWAP
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
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
SunX HYPE-USDT
SoDEX HYPE-USD
Bulk HYPE-USD
Extended HYPE-USD
Coinbase International HYPE-PERP-INTX
Injective HYPE/USDC PERP
BloFin HYPE-USDT
RISEx HYPE/USDC
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
GMX HYPE/USD [WBTC.b-USDC]
HTX HYPE-USDT
Deribit HYPE_USDC-PERPETUAL