Funding you earn now, next payment 23:00 UTC−0.0360%/8h= −39.5% APRnext payment −$0.45 per $10,000 · paid last 24h +0.004%
Price spread now: Extended against Kraken Futures−0.009%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$220.220% of the position
Funding, last 7 days−0.035%−$3 on $10k
+Price spread, last 3 days (all we have)+0.014%+$1 · spread now −0.009%, 7d avg −0.076%
=Together, before fees−0.021%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.067% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.009% now, against its 7-day average of −0.076%): +$7 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.035% in total) that is about 14 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.035% in total (about -1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.45 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 | 93.551 | 0.0464 | pay 0.0058% / 1h | 4m 29s | $20.9M | $28.9M | 50x |
| Short | Extended HYPE-USD | 93.542 | 0.0104 | get 0.0013% / 1h | 4m 29s | $18.3M | $41.7M | 50x |
Kraken Futures PF_HYPEUSD
Extended HYPE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$75.66
- Price spread: −0.009% → −0.076%
- $6.71
- Slippage, 4 orders
- −$7.03
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$90.98
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Extended: live order book, 5 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 | 0.86 bp | 10.4 bp −$10 | 16.9 bp −$169 | 23.6 bp −$2,358 | 74.1 bp −$37.1K |
| Sell Extended live order book, 5 min ago | 0.05 bp | 2.6 bp −$3 | 3.1 bp −$31 | 22.6 bp −$2,258 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps HYPEUSD | −0.0477% | 1h | 93.324 | −0.243% | $22K | $22K | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0416% | 1h | 93.238 | −0.335% | $197K | $229K | 7x | as long as short |
| Arcus HYPE-USD | −0.0131% | 1h | 93.506 | −0.048% | $1.2M | $3.9M | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0127% | 1h | 93.500 | −0.055% | $699K | $899K | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.591 | +0.043% | $3K | $331 | 25x | as long as short |
| 01 Exchange HYPEUSD | −0.0024% | 1h | 93.603 | +0.055% | $91K | $358K | 20x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.615 | +0.068% | $127K | $32K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.408 | −0.153% | $23K | $330K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 93.463 | −0.094% | $27K | — | 150x | as long as short |
| Popdex HYPEUSDT | +0.0008% | 1h | 93.571 | +0.021% | $62K | $1.2M | 50x | as long as short |
Aftermath Perps HYPEUSD
Hibachi HYPE/USDT-P
Arcus HYPE-USD
Ondo Perps HYPE-USD.P
Hotstuff HYPE-PERP
01 Exchange HYPEUSD
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Popdex HYPEUSDTShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0008% | 4h | 93.573 | +0.023% | $8.9M | $35.7M | 300x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0016% | 4h | 93.446 | −0.112% | $176K | $524K | 20x | as long as short |
| Bybit HYPEUSDT | +0.0020% | 8h | 93.561 | +0.010% | $323.9M | $281.3M | 75x | as long as short |
| Phoenix HYPE | +0.0034% | 1h | 93.456 | −0.102% | $214K | $1.2M | 10x | as long as short |
| Bullet HYPE-USD | +0.0056% | 1h | 93.432 | −0.128% | $112K | $577K | 20x | as long as short |
| Derive HYPE-PERP | +0.0059% | 1h | 93.404 | −0.157% | $16.3M | $7.0M | 10x | as long as short |
| MEXC HYPE_USDT | +0.0060% | 4h | 93.577 | +0.028% | $90.4M | $82.4M | 100x | as long as short |
| edgeX HYPEUSDC | +0.0063% | 4h | 93.210 | −0.365% | $5.1M | $29.6M | 30x | as long as short |
| Binance HYPEUSDT | +0.0064% | 4h | 93.574 | +0.024% | $384.1M | $885.8M | 75x | as long as short |
| Gate HYPE_USDT | +0.0064% | 4h | 93.580 | +0.031% | $44.2M | $58.9M | 75x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.652 | +0.108% | $18.6M | $59.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.635 | +0.090% | $3.1M | $12.2M | 20x | as long as short |
| Aevo HYPE-PERP | +0.0096% | 1h | 93.459 | −0.098% | $398K | $318K | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.585 | +0.036% | $340K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.600 | +0.052% | $29K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.538 | −0.014% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.628 | +0.082% | $2.04B | $664.2M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 93.625 | +0.079% | $10.1M | $14.5M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.574 | +0.024% | $114.4M | $312.9M | 50x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.621 | +0.075% | $47.2M | $18.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.571 | +0.021% | $227.0M | $102.6M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.582 | +0.033% | — | $53.9M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.462 | −0.095% | $7.9M | $10.6M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.352 | −0.213% | $30.8M | $51.9M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.317 | −0.250% | $7.5M | $45.6M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.209 | −0.366% | $415K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.453 | −0.105% | $676K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 93.564 | +0.014% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.588 | +0.039% | $495K | $2.5M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 93.434 | −0.125% | $76K | $166K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.475 | −0.081% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 93.435 | −0.124% | $2.0M | $2.0M | 10x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.399 | −0.163% | $12.7M | $2.6M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.280 | −0.290% | $204K | $8K | 10x | as long as short |
| Extended HYPE-USDshort | +0.0104% | 1h | 93.542 | −0.009% | $18.3M | $41.7M | 50x | |
| Kalshi KXHYPEPERP | +0.0120% | 8h | 93.500 | −0.055% | $1.9M | $5.2M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0176% | 1h | 93.490 | −0.065% | $4.9M | $5.7M | 50x | as long as short |
| HTX HYPE-USDT | +0.0219% | 4h | 93.585 | +0.036% | $1.5M | $7.7M | 75x | as long as short |
| Injective HYPE/USDC PERP | +0.0239% | 1h | 93.350 | −0.215% | $30K | $338K | 12x | as long as short |
| BloFin HYPE-USDT | +0.0242% | 4h | 93.400 | −0.162% | $16.9M | $12.4M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0248% | 1h | 93.556 | +0.005% | $77K | $159K | 15x | as long as short |
| RISEx HYPE/USDC | +0.0280% | 1h | 93.637 | +0.091% | $2.7M | $6.8M | 20x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0340% / S −0.0165% | 1h | 93.464 | −0.093% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0403% | 1h | 93.537 | −0.015% | $7.4M | $4.5M | 50x | as long as short |
| Kraken Futures PF_HYPEUSDlong | +0.0464% | 1h | 93.551 | long leg | $20.9M | $28.9M | 50x |
Aster HYPEUSDT
Orderly PERP_HYPE_USDC
Bybit HYPEUSDT
Phoenix HYPE
Bullet HYPE-USD
Derive HYPE-PERP
MEXC HYPE_USDT
edgeX HYPEUSDC
Binance HYPEUSDT
Gate HYPE_USDT
Lighter HYPE
Lighter RH HYPE
Aevo HYPE-PERP
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
OKX HYPE-USDT-SWAP
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
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Phemex HYPEUSDT
Bulk HYPE-USD
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Injective HYPE/USDC PERP
BloFin HYPE-USDT
Reya HYPERUSDPERP
RISEx HYPE/USDC
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL