Funding you earn now, next payment 00:00 UTC+0.0500%/8h= +54.8% APRpaid last 24h +0.010%
Price spread now: Kraken Futures against MEXC+0.075%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$190.191% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 3 days (all we have)−0.075%−$7 · spread now +0.075%, 7d avg +0.030%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Kraken Futures is 0.045% dearer against MEXC than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.030%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.076% in total (about 4.0% 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 | MEXC HYPE_USDT | 94.067 | 0.0076 | pay 0.0038% / 4h | 42m 17s | $88.8M | $81.2M | 100x |
| Short | Kraken Futures PF_HYPEUSD | 94.137 | 0.0576 | get 0.0072% / 1h | 42m 17s | $21.0M | $29.2M | 50x |
MEXC HYPE_USDT
Kraken Futures PF_HYPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against MEXC. 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
- $105.09
- Price spread: +0.075% → +0.030%
- $4.47
- Slippage, 4 orders
- −$5.14
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $90.42
- Costs to cover
- 0.191%
- Break-even
- 1.0 days
Slippage from MEXC: live order book, 2 min ago; Kraken Futures: live order book, 2 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 MEXC live order book, 2 min ago | 0.05 bp | 2.1 bp −$2 | 2.8 bp −$28 | 11.2 bp −$1,118 | 43.6 bp −$21.8K |
| Sell Kraken Futures live order book, 2 min ago | 1.01 bp | 6.1 bp −$6 | 8.6 bp −$86 | 15.5 bp −$1,553 | 56.5 bp −$28.3K |
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 | −0.0616% | 1h | 94.235 | +0.179% | $199K | $230K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0418% | 1h | 94.131 | +0.068% | $22K | $22K | 10x | as long as short |
| Arcus HYPE-USD | −0.0233% | 1h | 93.982 | −0.090% | $1.2M | $3.8M | 10x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 94.076 | +0.010% | $3K | $331 | 25x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 94.120 | +0.057% | $128K | $30K | 5x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 94.053 | −0.015% | $23K | $329K | 10x | as long as short |
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0003% | 1h | 94.072 | +0.005% | $27K | — | 150x | as long as short |
| Ondo Perps HYPE-USD.P | +0.0002% | 1h | 94.030 | −0.039% | $705K | $908K | 10x | as long as short |
| Phoenix HYPE | +0.0009% | 1h | 94.301 | +0.249% | $216K | $1.2M | 10x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0009% | 4h | 94.055 | −0.013% | $164K | $577K | 20x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Arcus HYPE-USD
Hotstuff HYPE-PERP
dYdX HYPE-USD
Perpl HYPE
gTrade (Gains Network) HYPE/USD
Ondo Perps HYPE-USD.P
Phoenix HYPE
Orderly PERP_HYPE_USDCShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit HYPEUSDT | +0.0021% | 8h | 94.020 | −0.050% | $323.8M | $282.5M | 75x | as long as short |
| 01 Exchange HYPEUSD | +0.0032% | 1h | 94.030 | −0.039% | $86K | $364K | 20x | as long as short |
| Aster HYPEUSDT | +0.0039% | 4h | 94.075 | +0.008% | $8.9M | $35.9M | 300x | as long as short |
| Phemex HYPEUSDT | +0.0061% | 8h | 94.015 | −0.055% | $12.8M | $2.6M | 50x | as long as short |
| Gate HYPE_USDT | +0.0070% | 4h | 94.026 | −0.044% | $44.2M | $58.4M | 75x | as long as short |
| Binance HYPEUSDT | +0.0074% | 4h | 94.024 | −0.046% | $384.9M | $891.2M | 75x | as long as short |
| Derive HYPE-PERP | +0.0076% | 1h | 93.986 | −0.086% | $16.5M | $7.1M | 10x | as long as short |
| MEXC HYPE_USDTlong | +0.0076% | 4h | 94.067 | long leg | $88.8M | $81.2M | 100x | |
| edgeX HYPEUSDC | +0.0087% | 4h | 94.189 | +0.130% | $5.1M | $29.9M | 30x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 94.067 | −0.001% | $19.0M | $59.6M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 94.055 | −0.013% | $3.1M | $12.3M | 20x | as long as short |
| Popdex HYPEUSDT | +0.0096% | 1h | 94.045 | −0.023% | $63K | $1.2M | 50x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 94.071 | +0.004% | $342K | $171K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 94.100 | +0.035% | $29K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 94.035 | −0.034% | $5.7M | $44.3M | 10x | as long as short |
| Pacifica HYPE | +0.0100% | 1h | 94.098 | +0.033% | $10.2M | $14.5M | 20x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 94.026 | −0.044% | $116.0M | $319.9M | 50x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 94.095 | +0.030% | $205K | $7K | 10x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 94.061 | −0.006% | $47.2M | $18.4M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 94.039 | −0.030% | $227.8M | $102.8M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 94.037 | −0.032% | — | $54.0M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 94.103 | +0.038% | $7.9M | $10.5M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 94.203 | +0.145% | $31.9M | $53.2M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 94.223 | +0.166% | $7.6M | $45.0M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 94.200 | +0.141% | $336K | $1.1M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 94.233 | +0.176% | $681K | $2.5M | 20x | as long as short |
| Vest HYPE-PERP | +0.0100% | 1h | 94.105 | +0.040% | — | $454K | 5x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 94.062 | −0.005% | $492K | $2.5M | 20x | as long as short |
| Bullet HYPE-USD | +0.0100% | 1h | 94.025 | −0.045% | $112K | $579K | 20x | as long as short |
| Bluefin HYPE-PERP | +0.0100% | 1h | 94.025 | −0.045% | $76K | $167K | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 94.046 | −0.022% | $32K | $1.6M | 20x | as long as short |
| SoDEX HYPE-USD | +0.0100% | 1h | 94.026 | −0.044% | $2.0M | $2.0M | 10x | as long as short |
| Injective HYPE/USDC PERP | +0.0104% | 1h | 94.160 | +0.099% | $31K | $338K | 12x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 94.009 | −0.062% | $18.4M | $42.6M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 94.038 | −0.031% | $400K | $318K | 20x | as long as short |
| Kalshi KXHYPEPERP | +0.0132% | 8h | 94.095 | +0.030% | $1.9M | $5.0M | 2.3x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0152% | 1h | 94.080 | +0.014% | $4.9M | $5.7M | 50x | as long as short |
| HTX HYPE-USDT | +0.0226% | 4h | 94.232 | +0.175% | $1.5M | $7.8M | 75x | as long as short |
| Reya HYPERUSDPERP | +0.0248% | 1h | 94.029 | −0.041% | $77K | $142K | 15x | as long as short |
| RISEx HYPE/USDC | +0.0284% | 1h | 94.097 | +0.031% | $2.8M | $6.9M | 20x | as long as short |
| BloFin HYPE-USDT | +0.0309% | 4h | 94.057 | −0.011% | $17.0M | $12.6M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0340% / S −0.0165% | 1h | 94.053 | −0.015% | $1.4M | — | 100x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0398% | 1h | 94.143 | +0.081% | $7.4M | $4.6M | 50x | as long as short |
| Hyperliquid HYPE | +0.0508% | 1h | 94.123 | +0.060% | $2.05B | $668.8M | 10x | as long as short |
| Kraken Futures PF_HYPEUSDshort | +0.0576% | 1h | 94.137 | +0.075% | $21.0M | $29.2M | 50x |
Bybit HYPEUSDT
01 Exchange HYPEUSD
Aster HYPEUSDT
Phemex HYPEUSDT
Gate HYPE_USDT
Binance HYPEUSDT
Derive HYPE-PERP
edgeX HYPEUSDC
Lighter HYPE
Lighter RH HYPE
Popdex HYPEUSDT
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Pacifica HYPE
OKX HYPE-USDT-SWAP
Bulk HYPE-USD
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
Bullet HYPE-USD
Bluefin HYPE-PERP
SunX HYPE-USDT
SoDEX HYPE-USD
Injective HYPE/USDC PERP
Extended HYPE-USD
Aevo HYPE-PERP
Kalshi KXHYPEPERP
Coinbase International HYPE-PERP-INTX
HTX HYPE-USDT
Reya HYPERUSDPERP
RISEx HYPE/USDC
BloFin HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
Deribit HYPE_USDC-PERPETUAL
Hyperliquid HYPE