Funding you earn now, next payment 22:00 UTC+0.0474%/8h= +51.9% APRnext payment +$0.59 per $10,000 · paid last 24h −0.010%
Price spread now: Kraken Futures against Pacifica+0.160%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$220.223% of the position
Funding, last 7 days+0.145%+$14 on $10k
+Price spread, last 3 days (all we have)−0.261%−$26 · spread now +0.160%, 7d avg +0.014%
=Together, before fees−0.116%+ Points / potential airdropPacifica: Active · farm board−$12 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Kraken Futures is 0.146% dearer against Pacifica than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.014%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.145% in total (about 7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.59 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 | Pacifica HYPE | 93.239 | 0.0100 | pay 0.0013% / 1h | 5m 20s | $10.0M | $14.4M | 20x |
| Short | Kraken Futures PF_HYPEUSD | 93.388 | 0.0574 | get 0.0072% / 1h | 5m 20s | $19.2M | $26.3M | 50x |
Pacifica HYPE
Kraken Futures PF_HYPEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Pacifica. 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
- $99.56
- Price spread: +0.160% → +0.014%
- $14.61
- Slippage, 4 orders
- −$4.26
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $91.91
- Costs to cover
- 0.223%
- Break-even
- 0.5 days
Slippage from Pacifica: 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 Pacifica live order book, 4 min ago | 0.05 bp | 4.6 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 0.27 bp | 5.3 bp −$5 | 5.3 bp −$53 | 5.6 bp −$564 | 34.0 bp −$17.0K |
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 | −0.0840% | 1h | 93.256 | +0.018% | $197K | $233K | 7x | as long as short |
| Aftermath Perps HYPEUSD | −0.0259% | 1h | 93.348 | +0.117% | $22K | $22K | 10x | as long as short |
| Ondo Perps HYPE-USD.P | −0.0230% | 1h | 93.210 | −0.031% | $700K | $934K | 10x | as long as short |
| 01 Exchange HYPEUSD | −0.0080% | 1h | 93.258 | +0.020% | $90K | $359K | 20x | as long as short |
| Hotstuff HYPE-PERP | −0.0080% | 1h | 93.220 | −0.020% | $3K | $331 | 25x | as long as short |
| Bullet HYPE-USD | −0.0042% | 1h | 93.206 | −0.035% | $111K | $580K | 20x | as long as short |
| Derive HYPE-PERP | −0.0035% | 1h | 93.193 | −0.050% | $16.3M | $7.1M | 10x | as long as short |
| dYdX HYPE-USD | 0.0000% | 1h | 93.280 | +0.044% | $127K | $32K | 5x | as long as short |
| Kalshi KXHYPEPERP | 0.0000% | 8h | 93.335 | +0.103% | $1.9M | $5.2M | 2.3x | as long as short |
| Perpl HYPE | 0.0000% | 43m | 93.245 | +0.007% | $23K | $335K | 10x | as long as short |
Hibachi HYPE/USDT-P
Aftermath Perps HYPEUSD
Ondo Perps HYPE-USD.P
01 Exchange HYPEUSD
Hotstuff HYPE-PERP
Bullet HYPE-USD
Derive HYPE-PERP
dYdX HYPE-USD
Kalshi KXHYPEPERP
Perpl HYPEShow all 55 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) HYPE/USD | L +0.0002% / S −0.0001% | 1h | 93.282 | +0.046% | $20K | — | 150x | as long as short |
| Aster HYPEUSDT | +0.0009% | 4h | 93.244 | +0.005% | $8.9M | $35.7M | 300x | as long as short |
| Gate HYPE_USDT | +0.0028% | 4h | 93.244 | +0.005% | $43.9M | $57.8M | 75x | as long as short |
| Bybit HYPEUSDT | +0.0030% | 8h | 93.238 | −0.001% | $324.7M | $287.0M | 75x | as long as short |
| Popdex HYPEUSDT | +0.0032% | 1h | 93.240 | +0.001% | $56K | $1.2M | 50x | as long as short |
| Orderly PERP_HYPE_USDC | +0.0052% | 4h | 93.261 | +0.024% | $166K | $539K | 20x | as long as short |
| Phoenix HYPE | +0.0068% | 1h | 93.279 | +0.043% | $215K | $1.2M | 10x | as long as short |
| Vest HYPE-PERP | +0.0082% | 1h | 93.259 | +0.022% | — | $454K | 5x | as long as short |
| SoDEX HYPE-USD | +0.0084% | 1h | 93.220 | −0.020% | $2.0M | $2.0M | 10x | as long as short |
| Bluefin HYPE-PERP | +0.0096% | 1h | 93.269 | +0.032% | $76K | $168K | 20x | as long as short |
| Lighter HYPE | +0.0096% | 1h | 93.251 | +0.012% | $18.6M | $60.0M | 20x | as long as short |
| Lighter RH HYPE | +0.0096% | 1h | 93.238 | −0.001% | $3.1M | $12.4M | 20x | as long as short |
| Paradex HYPE-USD-PERP | +0.0099% | 8h | 93.234 | −0.005% | $339K | $170K | 20x | as long as short |
| Katana Perps HYPE-USD | +0.0100% | 8h | 93.280 | +0.044% | $36K | $1.6M | 10x | as long as short |
| Nado HYPE-PERP | +0.0100% | 1h | 93.243 | +0.004% | $5.9M | $44.1M | 10x | as long as short |
| Hyperliquid HYPE | +0.0100% | 1h | 93.307 | +0.073% | $2.03B | $671.2M | 10x | as long as short |
| Pacifica HYPElong | +0.0100% | 1h | 93.239 | long leg | $10.0M | $14.4M | 20x | |
| Binance HYPEUSDT | +0.0100% | 4h | 93.243 | +0.004% | $384.8M | $889.0M | 75x | as long as short |
| OKX HYPE-USDT-SWAP | +0.0100% | 8h | 93.240 | +0.001% | $114.6M | $314.5M | 50x | as long as short |
| Arcus HYPE-USD | +0.0100% | 1h | 93.206 | −0.035% | $1.2M | $4.0M | 10x | as long as short |
| Bulk HYPE-USD | +0.0100% | 1h | 93.285 | +0.049% | $204K | $12K | 10x | as long as short |
| MEXC HYPE_USDT | +0.0100% | 4h | 93.242 | +0.003% | $93.0M | $82.5M | 100x | as long as short |
| KuCoin HYPEUSDTM | +0.0100% | 4h | 93.244 | +0.005% | $46.2M | $18.8M | 75x | as long as short |
| Bitget HYPEUSDT | +0.0100% | 4h | 93.262 | +0.025% | $226.5M | $102.6M | 75x | as long as short |
| BingX HYPE-USDT | +0.0100% | 4h | 93.241 | +0.002% | — | $54.2M | — | as long as short |
| Backpack HYPE_USDC_PERP | +0.0100% | 1h | 93.262 | +0.025% | $7.9M | $11.7M | 20x | as long as short |
| Variational Omni HYPE | +0.0100% | 8h | 93.211 | −0.030% | $29.0M | $50.3M | — | as long as short |
| GRVT HYPE_USDT_Perp | +0.0100% | 4h | 93.304 | +0.070% | $7.5M | $45.2M | 10x | as long as short |
| ApeX Omni HYPEUSDT | +0.0100% | 1h | 93.323 | +0.090% | $405K | $1.0M | 50x | as long as short |
| StandX HYPE-USD | +0.0100% | 1h | 93.270 | +0.033% | $674K | $2.5M | 20x | as long as short |
| Polymarket Perps HYPE-USD | +0.0100% | 1h | 93.265 | +0.028% | $492K | $2.6M | 20x | as long as short |
| SunX HYPE-USDT | +0.0100% | 4h | 93.290 | +0.055% | $32K | $1.6M | 20x | as long as short |
| Phemex HYPEUSDT | +0.0100% | 8h | 93.274 | +0.038% | $12.7M | $2.6M | 50x | as long as short |
| Extended HYPE-USD | +0.0104% | 1h | 93.229 | −0.011% | $18.4M | $41.7M | 50x | as long as short |
| Aevo HYPE-PERP | +0.0104% | 1h | 93.257 | +0.019% | $397K | $318K | 20x | as long as short |
| edgeX HYPEUSDC | +0.0113% | 4h | 93.268 | +0.031% | $5.1M | $29.4M | 30x | as long as short |
| Coinbase International HYPE-PERP-INTX | +0.0208% | 1h | 93.260 | +0.023% | $4.9M | $5.7M | 50x | as long as short |
| Reya HYPERUSDPERP | +0.0246% | 1h | 93.242 | +0.004% | $78K | $158K | 15x | as long as short |
| Injective HYPE/USDC PERP | +0.0285% | 1h | 93.910 | +0.720% | $31K | $291K | 12x | as long as short |
| HTX HYPE-USDT | +0.0292% | 4h | 93.450 | +0.226% | $1.5M | $7.6M | 75x | as long as short |
| GMX HYPE/USD [WBTC.b-USDC] | L +0.0339% / S −0.0165% | 1h | 93.277 | +0.040% | $1.4M | — | 100x | as long as short |
| BloFin HYPE-USDT | +0.0340% | 4h | 93.275 | +0.039% | $17.1M | $12.5M | 75x | as long as short |
| Deribit HYPE_USDC-PERPETUAL | +0.0350% | 1h | 93.360 | +0.130% | $7.4M | $4.6M | 50x | as long as short |
| RISEx HYPE/USDC | +0.0467% | 1h | 93.307 | +0.073% | $2.8M | $6.8M | 20x | as long as short |
| Kraken Futures PF_HYPEUSDshort | +0.0574% | 1h | 93.388 | +0.160% | $19.2M | $26.3M | 50x |
gTrade (Gains Network) HYPE/USD
Aster HYPEUSDT
Gate HYPE_USDT
Bybit HYPEUSDT
Popdex HYPEUSDT
Orderly PERP_HYPE_USDC
Phoenix HYPE
Vest HYPE-PERP
SoDEX HYPE-USD
Bluefin HYPE-PERP
Lighter HYPE
Lighter RH HYPE
Paradex HYPE-USD-PERP
Katana Perps HYPE-USD
Nado HYPE-PERP
Hyperliquid HYPE
Binance HYPEUSDT
OKX HYPE-USDT-SWAP
Arcus HYPE-USD
Bulk HYPE-USD
MEXC HYPE_USDT
KuCoin HYPEUSDTM
Bitget HYPEUSDT
BingX HYPE-USDT
Backpack HYPE_USDC_PERP
Variational Omni HYPE
GRVT HYPE_USDT_Perp
ApeX Omni HYPEUSDT
StandX HYPE-USD
Polymarket Perps HYPE-USD
SunX HYPE-USDT
Phemex HYPEUSDT
Extended HYPE-USD
Aevo HYPE-PERP
edgeX HYPEUSDC
Coinbase International HYPE-PERP-INTX
Reya HYPERUSDPERP
Injective HYPE/USDC PERP
HTX HYPE-USDT
GMX HYPE/USD [WBTC.b-USDC]
BloFin HYPE-USDT
Deribit HYPE_USDC-PERPETUAL
RISEx HYPE/USDC