Funding you earn now, next payment 04:00 UTC+0.0233%/8h= +25.5% APRpaid last 24h +0.033%
Price spread now: Kraken Futures against KuCoin+0.075%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$370.372% of the position
Funding, last 7 days+0.112%+$11 on $10k
+Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.075%, 7d avg +0.045%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Kraken Futures is 0.030% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.045%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.112% in total (about 5.9% a year). A funding rate is set anew for every payment. 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 | KuCoin HYPEUSDTM | 92.278 | 0.0100 | pay 0.0050% / 4h | 35m 17s | $45.8M | $18.3M | 75x |
| Short | Kraken Futures PF_HYPEUSD | 92.347 | 0.0333 | get 0.0042% / 1h | 35m 17s | $20.5M | $30.5M | 50x |
KuCoin HYPEUSDTM
Kraken Futures PF_HYPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- $48.98
- Price spread: +0.075% → +0.045%
- $3.03
- Slippage, 4 orders
- −$15.17
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $14.85
- Costs to cover
- 0.372%
- Break-even
- 4.9 days
Slippage from KuCoin: live order book, 4 min ago; Kraken Futures: live order book, 4 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 KuCoin live order book, 4 min ago | 0.32 bp | 9.3 bp −$9 | 14.8 bp −$148 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 2.17 bp | 9.2 bp −$9 | 10.0 bp −$100 | 17.6 bp −$1,760 | 53.9 bp −$26.9K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Arcus HYPE-USD | −0.0948% | 1h | 92.234 | −0.048% | $1.0M | $3.8M | 10x | as long as short |
| Hibachi HYPE/USDT-P | −0.0360% | 1h | 92.205 | −0.079% | $193K | $229K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0162% | 1h | 92.269 | −0.010% | $22K | $21K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0088% | 1h | 92.300 | +0.024% | $86K | $356K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 92.221 | −0.062% | $3K | $331 | 25x | as long as short |
| Orderly PERP_HYPE_USDC | −0.0070% | 4h | 92.262 | −0.017% | $157K | $663K | 20x | as long as short |
| Bullet HYPE-USD | −0.0034% | 1h | 92.230 | −0.052% | $110K | $580K | 20x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0023% | 1h | 92.160 | −0.128% | $693K | $1.1M | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 92.261 | −0.019% | $127K | $31K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 92.266 | −0.013% | $22K | $309K | 10x | as long as short |
Arcus HYPE-USD
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Orderly PERP_HYPE_USDC
Bullet HYPE-USD
Ondo Perps HYPE-USD.P
dYdX HYPE-USD
Perpl HYPEShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster HYPEUSDT | +0.0001% | 4h | 92.273 | −0.005% | $8.7M | $36.3M | 300x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0002% | 1h | 92.266 | −0.013% | $61K | — | 150x | as long as short |
| BingX HYPE-USDT | +0.0034% | 4h | 92.256 | −0.024% | — | $53.3M | — | as long as short |
| Phoenix HYPE | +0.0043% | 1h | 92.257 | −0.023% | $209K | $1.2M | 10x | as long as short |
| Bybit HYPEUSDT | +0.0057% | 8h | 92.255 | −0.025% | $315.4M | $281.6M | 75x | as long as short |
| Gate HYPE_USDT | +0.0062% | 4h | 92.236 | −0.046% | $44.3M | $55.0M | 75x | as long as short |
| Phemex HYPEUSDT | +0.0071% | 8h | 92.187 | −0.099% | $12.4M | $2.7M | 50x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0079% | 8h | 92.271 | −0.008% | $112.8M | $302.4M | 50x | as long as short |
| MEXC HYPE_USDT | +0.0084% | 4h | 92.255 | −0.025% | $87.1M | $80.6M | 100x | as long as short |
| Binance HYPEUSDT | +0.0086% | 4h | 92.266 | −0.013% | $369.8M | $902.4M | 75x | as long as short |
| edgeX HYPEUSDC | +0.0088% | 4h | 92.224 | −0.059% | $4.9M | $29.6M | 30x | as long as short |
| Paradex HYPE-USD-PERP | +0.0092% | 8h | 92.301 | +0.025% | $338K | $163K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 92.251 | −0.029% | $16.0M | $62.5M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 92.256 | −0.024% | $3.1M | $11.7M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 92.269 | −0.010% | $68K | $1.2M | 50x | as long as short |
| Derive HYPE-PERP | +0.0097% | 1h | 92.250 | −0.030% | $16.0M | $7.5M | 10x | as long as short |
| Katana Perps HYPE-USD | +0.0099% | 8h | 92.270 | −0.009% | $38K | $1.7M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 92.270 | −0.008% | $6.8M | $44.2M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 92.309 | +0.034% | $2.01B | $665.4M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 92.291 | +0.014% | $10.0M | $15.0M | 20x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 92.245 | −0.036% | $201K | $13K | 10x | as long as short |
| KuCoin HYPEUSDTMlong | +0.0100% | 4h | 92.278 | long leg | $45.8M | $18.3M | 75x | |
| Bitget HYPEUSDT | +0.0100% | 4h | 92.281 | +0.003% | $223.8M | $98.4M | 75x | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 92.185 | −0.101% | $7.3M | $10.8M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 92.139 | −0.151% | $28.2M | $57.4M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 92.255 | −0.025% | $7.5M | $46.1M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 92.201 | −0.083% | $337K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 92.239 | −0.042% | $662K | $2.7M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 92.301 | +0.025% | — | $243K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 92.270 | −0.009% | $475K | $2.6M | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 92.244 | −0.037% | $78K | $170K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 92.334 | +0.061% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 92.280 | +0.002% | $2.0M | $2.0M | 10x | as long as short |
| HTX HYPE-USDT | +0.0100% | 4h | 92.300 | +0.024% | $1.4M | $6.2M | 75x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 92.257 | −0.023% | $18.1M | $43.5M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 92.269 | −0.010% | $390K | $164K | 20x | as long as short |
| Injective HYPE/USDC PERP | +0.0150% | 1h | 92.180 | −0.106% | $30K | $339K | 12x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0160% | 1h | 92.320 | +0.046% | $4.7M | $5.5M | 50x | as long as short |
| Kalshi KXHYPEPERP | +0.0251% | 8h | 92.200 | −0.085% | $1.8M | $5.4M | 2.3x | as long as short |
| Reya HYPERUSDPERP | +0.0261% | 1h | 92.235 | −0.047% | $79K | $137K | 15x | as long as short |
| BloFin HYPE-USDT | +0.0324% | 4h | 92.213 | −0.070% | $16.7M | $11.5M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0330% / S −0.0154% | 1h | 92.257 | −0.023% | $1.4M | — | 100x | as long as short |
| Kraken Futures PF_HYPEUSDshort | +0.0333% | 1h | 92.347 | +0.075% | $20.5M | $30.5M | 50x | |
| Deribit HYPE_USDC-PERPETUAL | +0.0476% | 1h | 92.378 | +0.108% | $7.5M | $4.4M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0687% | 1h | 92.344 | +0.071% | $3.1M | $6.4M | 20x | as long as short |
Aster HYPEUSDT
gTrade (Gains Network) HYPE/USD
BingX HYPE-USDT
Phoenix HYPE
Bybit HYPEUSDT
Gate HYPE_USDT
Phemex HYPEUSDT
OKX HYPE-USDT-SWAP
MEXC HYPE_USDT
Binance HYPEUSDT
edgeX HYPEUSDC
Paradex HYPE-USD-PERP
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Derive HYPE-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Pacifica HYPE
Bulk HYPE-USD
Bitget HYPEUSDT
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
HTX HYPE-USDT
Extended HYPE-USD
Aevo HYPE-PERP
Injective HYPE/USDC PERP
Coinbase International HYPE-PERP-INTX
Kalshi KXHYPEPERP
Reya HYPERUSDPERP
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC