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Funding arb · Price arb /

HYPE

all HYPE markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0479%/8h= +52.5% APRnext payment +$0.60 per $10,000 · paid last 24h +0.068%
Price spread now: Kraken Futures against 01 Exchange+0.024%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$340.343% of the position
Long on 01 ExchangeShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.109%+$11 on $10k
Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.024%, 7d avg +0.013%
Together, before fees+0.037%+$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.109% in total (about 10.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.60 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange HYPEUSD93.625−0.0064get 0.0008% / 1h45m 56s$86K$370K20x
ShortKraken Futures PF_HYPEUSD93.6480.0415get 0.0052% / 1h45m 56s$20.9M$29.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against 01 Exchange. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$100.65
Price spread: +0.024% → +0.013%
$1.18
Slippage, 4 orders
−$17.26
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$67.57
Costs to cover
0.343%
Break-even
2.3 days
Slippage from 01 Exchange: live order book, 63 min ago; Kraken Futures: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange live order book, 63 min ago0.37 bp6.8 bp −$714.5 bp −$145doesn't fitdoesn't fit
Sell Kraken Futures live order book, 3 min ago1.76 bp9.0 bp −$99.7 bp −$9719.5 bp −$1,94551.5 bp −$25.7K

HYPE on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hibachi HYPE/USDT-P−0.1096%1h93.581−0.047%$198K$242K7xas long as short
Aftermath Perps HYPEUSD−0.0234%1h93.764+0.149%$22K$21K10xas long as short
Ondo Perps HYPE-USD.P−0.0125%1h93.570−0.059%$705K$1.2M10xas long as short
Hotstuff HYPE-PERP−0.0080%1h93.621−0.004%$3K$33125xas long as short
Bullet HYPE-USD−0.0071%1h93.591−0.036%$111K$580K20xas long as short
01 Exchange HYPEUSDlong−0.0064%1h93.625long leg$86K$370K20x
Bluefin HYPE-PERP−0.0035%1h93.576−0.052%$79K$156K20xas long as short
Orderly PERP_HYPE_USDC−0.0020%4h93.559−0.070%$145K$685K20xas long as short
dYdX HYPE-USD0.0000%1h93.698+0.078%$128K$29K5xas long as short
Perpl HYPE0.0000%43m93.652+0.029%$21K$287K10xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) HYPE/USDL +0.0002% / S −0.0002%1h93.634+0.010%$63K—150xas long as short
BingX HYPE-USDT+0.0006%4h93.552−0.078%—$53.7M—as long as short
Bybit HYPEUSDT+0.0008%8h93.550−0.080%$316.0M$287.9M75xas long as short
Phoenix HYPE+0.0017%1h93.687+0.066%$209K$1.1M10xas long as short
Bitget HYPEUSDT+0.0040%4h93.575−0.053%$225.3M$99.5M75xas long as short
Phemex HYPEUSDT+0.0074%8h93.592−0.035%$12.8M$2.8M50xas long as short
edgeX HYPEUSDC+0.0082%4h93.648+0.024%$5.0M$30.6M30xas long as short
Paradex HYPE-USD-PERP+0.0082%8h93.656+0.034%$335K$161K20xas long as short
Arcus HYPE-USD+0.0084%1h93.600−0.027%$1.0M$4.0M10xas long as short
Derive HYPE-PERP+0.0092%1h93.549−0.081%$16.3M$7.4M10xas long as short
Lighter HYPE+0.0096%1h93.596−0.032%$16.1M$63.6M20xas long as short
Lighter RH HYPE+0.0096%1h93.597−0.030%$3.1M$11.1M20xas long as short
Popdex HYPEUSDT+0.0096%1h93.607−0.019%$78K$1.2M50xas long as short
Katana Perps HYPE-USD+0.0100%8h93.630+0.005%$22K$1.7M10xas long as short
Nado HYPE-PERP+0.0100%1h93.617−0.009%$7.4M$50.9M10xas long as short
Hyperliquid HYPE+0.0100%1h93.659+0.036%$2.05B$682.9M10xas long as short
Aster HYPEUSDT+0.0100%4h93.577−0.051%$8.8M$37.3M300xas long as short
Pacifica HYPE+0.0100%1h93.667+0.045%$10.1M$15.4M20xas long as short
Binance HYPEUSDT+0.0100%4h93.571−0.058%$375.0M$930.7M75xas long as short
OKX HYPE-USDT-SWAP+0.0100%8h93.560−0.069%$115.6M$316.0M50xas long as short
Gate HYPE_USDT+0.0100%4h93.558−0.072%$48.4M$55.0M75xas long as short
MEXC HYPE_USDT+0.0100%4h93.572−0.057%$90.0M$83.6M100xas long as short
KuCoin HYPEUSDTM+0.0100%4h93.564−0.065%$46.2M$18.8M75xas long as short
Backpack HYPE_USDC_PERP+0.0100%1h93.592−0.035%$7.2M$10.7M20xas long as short
Variational Omni HYPE+0.0100%8h93.670+0.048%$28.6M$56.1M—as long as short
GRVT HYPE_USDT_Perp+0.0100%4h93.726+0.108%$7.6M$48.1M10xas long as short
ApeX Omni HYPEUSDT+0.0100%1h93.674+0.052%$347K$1.0M50xas long as short
StandX HYPE-USD+0.0100%1h93.649+0.026%$678K$2.8M20xas long as short
Vest HYPE-PERP+0.0100%1h93.677+0.055%—$243K5xas long as short
Polymarket Perps HYPE-USD+0.0100%1h93.633+0.009%$470K$2.8M20xas long as short
SunX HYPE-USDT+0.0100%4h93.702+0.082%$32K$1.6M20xas long as short
SoDEX HYPE-USD+0.0100%1h93.563−0.066%$2.0M$1.9M10xas long as short
HTX HYPE-USDT+0.0100%4h93.783+0.169%$1.4M$6.7M75xas long as short
Bulk HYPE-USD+0.0100%1h93.731+0.113%$216K$15K10xas long as short
Kalshi KXHYPEPERP+0.0102%8h93.619−0.006%$1.8M$5.6M2.3xas long as short
Extended HYPE-USD+0.0104%1h93.550−0.080%$18.2M$43.3M50xas long as short
Aevo HYPE-PERP+0.0104%1h93.581−0.047%$396K$159K20xas long as short
Coinbase International HYPE-PERP-INTX+0.0120%1h93.610−0.016%$4.7M$6.1M50xas long as short
Injective HYPE/USDC PERP+0.0205%1h93.640+0.016%$30K$339K12xas long as short
Deribit HYPE_USDC-PERPETUAL+0.0252%1h93.679+0.058%$7.4M$4.2M50xas long as short
Reya HYPERUSDPERP+0.0271%1h93.569−0.060%$77K$130K15xas long as short
GMX HYPE/USD [WBTC.b-USDC]L +0.0333% / S −0.0154%1h93.6250.000%$1.4M—100xas long as short
BloFin HYPE-USDT+0.0340%4h93.653+0.030%$17.0M$12.2M75xas long as short
Kraken Futures PF_HYPEUSDshort+0.0415%1h93.648+0.024%$20.9M$29.6M50x
RISEx HYPE/USDC+0.0559%1h93.647+0.024%$3.2M$6.4M20xas long as short