Funding you earn now, next payment 01:00 UTC−0.0312%/8h= −34.2% APRnext payment −$0.39 per $10,000 · paid last 24h +0.013%
Price spread now: Kraken Futures against Hyperliquid−0.004%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$960.962% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 3 days (all we have)+0.249%+$25 · spread now −0.004%, 7d avg −0.001%
=Together, before fees+0.239%+ Points / potential airdropHyperliquid: Season 2 · farm board+$24 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.010% in total (about -0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.39 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 | Hyperliquid APE | 0.1464 | 0.0100 | pay 0.0013% / 1h | 18m 38s | $1.3M | $369K | 5x |
| Short | Kraken Futures PF_APEUSD | 0.1464 | −0.0212 | pay 0.0027% / 1h | 18m 38s | $407K | $592K | 20x |
Hyperliquid APE
Kraken Futures PF_APEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Hyperliquid. 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
- −$65.57
- Price spread: −0.004% → −0.001%
- −$0.25
- Slippage, 4 orders
- −$77.16
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$161.98
- Costs to cover
- 0.962%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 2 min ago; Kraken Futures: live order book, 54 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 Hyperliquid live order book, 2 min ago | 1.02 bp | 22.8 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 54 min ago | 10.28 bp | 27.9 bp −$28 | 103.9 bp −$1,039 | doesn't fit | doesn't fit |
APE on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_APEUSDshort | −0.0212% | 1h | 0.1464 | −0.004% | $407K | $592K | 20x | |
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1466 | +0.111% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −15.654% | — | — | — | as long as short |
| Deribit APE_USDC-PERPETUAL | 0.0000% | 1h | 0.1465 | +0.055% | $11K | $18K | 25x | as long as short |
| dYdX APE-USD | +0.0027% | 1h | 0.1462 | −0.160% | $9K | $5 | 5x | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −5.887% | $1K | $12K | 5.5x | as long as short |
| Hyperliquid APElong | +0.0100% | 1h | 0.1464 | long leg | $1.3M | $369K | 5x | |
| Aster APEUSDT | +0.0100% | 8h | 0.1463 | −0.057% | $122K | $22K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1462 | −0.131% | $4.1M | $6.3M | 50x | as long as short |
| Bybit APEUSDT | +0.0100% | 8h | 0.1462 | −0.164% | $3.6M | $2.8M | 50x | as long as short |
GMX APE/USD [APE-USDC]
Reya APERUSDPERP
Deribit APE_USDC-PERPETUAL
dYdX APE-USD
Injective APE/USDC PERP
Aster APEUSDT
Binance APEUSDT
Bybit APEUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1462 | −0.184% | $1.3M | $1.3M | 20x | as long as short |
| Gate APE_USDT | +0.0100% | 8h | 0.1464 | −0.007% | $625K | $300K | 50x | as long as short |
| MEXC APE_USDT | +0.0100% | 8h | 0.1461 | −0.219% | $4.3M | $949K | 50x | as long as short |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1461 | −0.219% | $1.8M | $2.3M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1463 | −0.082% | $2.1M | $543K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1462 | −0.150% | — | $13.0M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1465 | +0.028% | $7K | $12K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1462 | −0.162% | $5K | $206K | 10x | as long as short |
| BloFin APE-USDT | +0.0110% | 8h | 0.1468 | +0.260% | $220K | $49K | 75x | as long as short |
| Coinbase International APE-PERP-INTX | +0.0840% | 1h | 0.1475 | +0.738% | $99K | $7K | 25x | as long as short |
OKX APE-USDT-SWAP
Gate APE_USDT
MEXC APE_USDT
KuCoin APEUSDTM
Bitget APEUSDT
BingX APE-USDT
Variational Omni APE
Extended APE-USD
BloFin APE-USDT
Coinbase International APE-PERP-INTX