Funding you earn now, next payment 01:00 UTC+0.0311%/8h= +34.1% APRnext payment +$0.39 per $10,000 · paid last 24h −0.013%
Price spread now: Hyperliquid against Kraken Futures+0.061%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$940.939% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 3 days (all we have)−0.306%−$31 · spread now +0.061%, 7d avg +0.001%
=Together, before fees−0.297%+ Points / potential airdropHyperliquid: Season 2 · farm board−$30 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Hyperliquid is 0.060% dearer against Kraken Futures than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.001%.
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 | Kraken Futures PF_APEUSD | 0.1472 | −0.0211 | get 0.0026% / 1h | 42m 39s | $411K | $602K | 20x |
| Short | Hyperliquid APE | 0.1472 | 0.0100 | get 0.0013% / 1h | 42m 39s | $1.3M | $371K | 5x |
Kraken Futures PF_APEUSD
Hyperliquid APEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Kraken Futures. 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
- $65.34
- Price spread: +0.061% → +0.001%
- $5.99
- Slippage, 4 orders
- −$74.93
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$22.6
- Costs to cover
- 0.939%
- Break-even
- 9.4 days
Slippage from Kraken Futures: live order book, 30 min ago; Hyperliquid: live order book, 8 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 Kraken Futures live order book, 30 min ago | 10.28 bp | 27.6 bp −$28 | 172.4 bp −$1,724 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 1.02 bp | 17.2 bp −$17 | doesn't fit | 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_APEUSDlong | −0.0211% | 1h | 0.1472 | long leg | $411K | $602K | 20x | |
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1472 | −0.004% | $1K | — | 100x | as long as short |
| dYdX APE-USD | 0.0000% | 1h | 0.1471 | −0.011% | $9K | $5 | 5x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −16.080% | — | — | — | as long as short |
| Deribit APE_USDC-PERPETUAL | 0.0000% | 1h | 0.1472 | +0.027% | $11K | $18K | 25x | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −6.361% | $1K | $12K | 5.5x | as long as short |
| Hyperliquid APEshort | +0.0100% | 1h | 0.1472 | +0.061% | $1.3M | $371K | 5x | |
| Aster APEUSDT | +0.0100% | 8h | 0.1472 | +0.003% | $122K | $22K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1471 | −0.018% | $4.2M | $6.2M | 50x | as long as short |
| Bybit APEUSDT | +0.0100% | 8h | 0.1471 | −0.014% | $3.7M | $2.7M | 50x | as long as short |
GMX APE/USD [APE-USDC]
dYdX APE-USD
Reya APERUSDPERP
Deribit APE_USDC-PERPETUAL
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 | 0.1471 | −0.020% | $1.3M | $1.4M | 20x | as long as short |
| Gate APE_USDT | +0.0100% | 8h | 0.1472 | +0.034% | $628K | $298K | 50x | as long as short |
| MEXC APE_USDT | +0.0100% | 8h | 0.1471 | −0.041% | $4.1M | $927K | 50x | as long as short |
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1471 | −0.041% | $1.8M | $2.3M | 50x | as long as short |
| Bitget APEUSDT | +0.0100% | 8h | 0.1472 | +0.027% | $2.1M | $553K | 25x | as long as short |
| BingX APE-USDT | +0.0100% | 8h | 0.1471 | −0.041% | — | $13.0M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1470 | −0.141% | $7K | $12K | — | as long as short |
| BloFin APE-USDT | +0.0101% | 8h | 0.1470 | −0.109% | $221K | $49K | 75x | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1471 | −0.041% | $7K | $251K | 10x | as long as short |
| Coinbase International APE-PERP-INTX | +0.0840% | 1h | 0.1473 | +0.095% | $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
BloFin APE-USDT
Extended APE-USD
Coinbase International APE-PERP-INTX