Funding you earn now, next payment 06:00 UTC−0.0118%/8h= −13.0% APRnext payment −$0.15 per $10,000 · paid last 24h +0.093%
Price spread now: Hyperliquid against Kraken Futures−0.006%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$610.609% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)−1.009%−$101 · spread now −0.006%, 7d avg +0.015%
=Together, before fees−1.021%+ Points / potential airdropHyperliquid: Season 2 · farm board−$102 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Hyperliquid is 0.020% cheaper against Kraken Futures than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.015%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_APTUSD | 0.7586 | 0.0218 | pay 0.0027% / 1h | 43m 47s | $526K | $625K | 50x |
| Short | Hyperliquid APT | 0.7586 | 0.0100 | get 0.0013% / 1h | 43m 47s | $4.9M | $6.3M | 10x |
Kraken Futures PF_APTUSD
Hyperliquid APTFunding 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
- −$24.84
- Price spread: −0.006% → +0.015%
- −$2.05
- Slippage, 4 orders
- −$41.94
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$87.83
- Costs to cover
- 0.609%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 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, 4 min ago | 6.57 bp | 19.2 bp −$19 | 61.4 bp −$614 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 1.31 bp | 10.3 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
APT on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7586 | −0.006% | $20K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7586 | −0.006% | $6K | $556K | 50x | as long as short |
| Variational Omni APT | +0.0009% | 8h | 0.7578 | −0.109% | $506K | $416K | — | as long as short |
| Orderly PERP_APT_USDC | +0.0018% | 8h | 0.7585 | −0.019% | $10K | $7K | 10x | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | +2.551% | $2K | $240K | 12x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7584 | −0.032% | $405K | $425K | 10x | as long as short |
| Hyperliquid APTshort | +0.0100% | 1h | 0.7586 | −0.006% | $4.9M | $6.3M | 10x | |
| Aster APTUSDT | +0.0100% | 8h | 0.7581 | −0.077% | $93K | $959K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7582 | −0.057% | $27.4M | $107.0M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7580 | −0.085% | $27.0M | $40.8M | 50x | as long as short |
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
Variational Omni APT
Orderly PERP_APT_USDC
Injective APT/USDC PERP
Lighter APT
Aster APTUSDT
Binance APTUSDT
Bybit APTUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7580 | −0.085% | $5.6M | $25.0M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7581 | −0.072% | $2.6M | $5.0M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7584 | −0.032% | $29.9M | $15.2M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7577 | −0.124% | $4.9M | $12.2M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7580 | −0.085% | $8.6M | $13.1M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7584 | −0.032% | — | $26.2M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7589 | +0.034% | $188K | $357K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7600 | +0.179% | $61K | $578K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7567 | −0.256% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7584 | −0.032% | $95 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7585 | −0.019% | $248K | $149K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7573 | −0.181% | $78K | $583K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7585 | −0.019% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0136% / S −0.0090% | 1h | 0.7583 | −0.041% | $16K | — | 100x | as long as short |
| Kraken Futures PF_APTUSDlong | +0.0218% | 1h | 0.7586 | long leg | $526K | $625K | 50x | |
| BloFin APT-USDT | +0.0220% | 8h | 0.7576 | −0.138% | $1.4M | $968K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0320% | 1h | 0.7630 | +0.574% | $220K | $460K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0491% | 1h | 0.7584 | −0.028% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0684% | 1h | 0.7581 | −0.076% | $53K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.6568% | 1h | 0.7747 | +2.116% | $2K | — | 5x | as long as short |
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDT
Backpack APT_USDC_PERP
ApeX Omni APTUSDT
SunX APT-USDT
SoDEX APT-USD
HTX APT-USDT
Extended APT-USD
Aevo APT-PERP
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD