Funding you earn now, next payment 04:00 UTC−0.0255%/8h= −27.9% APRnext payment −$0.32 per $10,000 · paid last 24h +0.014%
Price spread now: Hyperliquid against Kraken Futures−0.269%7-day average −0.164% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$800.799% of the position
Funding, last 7 days+0.022%+$2 on $10k
+Price spread, last 4 days (all we have)−0.248%−$25 · spread now −0.269%, 7d avg −0.164%
=Together, before fees−0.226%+ Points / potential airdropHyperliquid: Season 2 · farm board−$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Hyperliquid is 0.104% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.164%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.022% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.32 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_ATOMUSD | 1.8137 | 0.0355 | pay 0.0044% / 1h | 55m 36s | $3.1M | $712K | 50x |
| Short | Hyperliquid ATOM | 1.8088 | 0.0100 | get 0.0013% / 1h | 55m 36s | $2.8M | $745K | 5x |
Kraken Futures PF_ATOMUSD
Hyperliquid ATOMFunding 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
- −$53.56
- Price spread: −0.269% → −0.164%
- −$10.45
- Slippage, 4 orders
- −$60.87
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$143.88
- Costs to cover
- 0.799%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; Hyperliquid: live order book, 6 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, 3 min ago | 13.81 bp | 18.8 bp −$19 | 91.2 bp −$912 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 1.66 bp | 13.5 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
ATOM on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International ATOM-PERP-INTX | −0.0312% | 1h | 1.7940 | −1.085% | $25K | $5K | 25x | as long as short |
| Variational Omni ATOM | −0.0068% | 8h | 1.8102 | −0.192% | $577K | $74K | — | as long as short |
| Bybit ATOMUSDT | −0.0031% | 8h | 1.8095 | −0.230% | $15.1M | $9.8M | 75x | as long as short |
| OKX ATOM-USDT-SWAP | −0.0024% | 8h | 1.8070 | −0.368% | $5.1M | $5.5M | 50x | as long as short |
| dYdX ATOM-USD | 0.0000% | 1h | 1.8097 | −0.220% | $63K | $4K | 10x | as long as short |
| Deribit ATOM_USDC-PERPETUAL | 0.0000% | 1h | 1.8122 | −0.081% | $498 | $10K | 25x | as long as short |
| gTrade (Gains Network) ATOM/USD | L +0.0001% / S +0.0001% | 1h | 1.8116 | −0.114% | $804 | — | 150x | as long as short |
| BloFin ATOM-USDT | +0.0078% | 8h | 1.8040 | −0.533% | $1.1M | $297K | 75x | as long as short |
| Hyperliquid ATOMshort | +0.0100% | 1h | 1.8088 | −0.269% | $2.8M | $745K | 5x | |
| Aster ATOMUSDT | +0.0100% | 8h | 1.8076 | −0.336% | $980K | $239K | 20x | as long as short |
Coinbase International ATOM-PERP-INTX
Variational Omni ATOM
Bybit ATOMUSDT
OKX ATOM-USDT-SWAP
dYdX ATOM-USD
Deribit ATOM_USDC-PERPETUAL
gTrade (Gains Network) ATOM/USD
BloFin ATOM-USDT
Aster ATOMUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ATOMUSDT | +0.0100% | 8h | 1.8090 | −0.258% | $21.5M | $29.7M | 75x | as long as short |
| Gate ATOM_USDT | +0.0100% | 8h | 1.8100 | −0.203% | $2.5M | $807K | 75x | as long as short |
| MEXC ATOM_USDT | +0.0100% | 8h | 1.8080 | −0.313% | $8.5M | $3.0M | 200x | as long as short |
| KuCoin ATOMUSDTM | +0.0100% | 8h | 1.8110 | −0.147% | $1.6M | $672K | 50x | as long as short |
| Bitget ATOMUSDT | +0.0100% | 8h | 1.8086 | −0.280% | $6.8M | $2.6M | 75x | as long as short |
| BingX ATOM-USDT | +0.0100% | 8h | 1.8100 | −0.203% | — | $24.6M | — | as long as short |
| edgeX ATOMUSDC | +0.0100% | 4h | 1.8040 | −0.535% | $444K | $294K | 10x | as long as short |
| GRVT ATOM_USDT_Perp | +0.0100% | 8h | 1.8024 | −0.620% | $761K | $2.7M | 10x | as long as short |
| HTX ATOM-USDT | +0.0100% | 8h | 1.8085 | −0.285% | $315K | $175K | 75x | as long as short |
| Phemex ATOMUSDT | +0.0100% | 8h | 1.8110 | −0.147% | $1.6M | $1.9M | 50x | as long as short |
| Extended ATOM-USD | +0.0104% | 1h | 1.8094 | −0.234% | $5K | $204K | 10x | as long as short |
| Injective ATOM/USDC PERP | +0.0116% | 1h | 1.8090 | −0.258% | $660 | $290K | 12x | as long as short |
| GMX ATOM/USD [ETH-USDC] | L +0.0198% / S −0.1417% | 1h | 1.8120 | −0.093% | $3K | — | 120x | as long as short |
| Reya ATOMRUSDPERP | +0.0228% | 1h | 1.8112 | −0.136% | $2K | — | 25x | as long as short |
| Kraken Futures PF_ATOMUSDlong | +0.0355% | 1h | 1.8137 | long leg | $3.1M | $712K | 50x |
Binance ATOMUSDT
Gate ATOM_USDT
MEXC ATOM_USDT
KuCoin ATOMUSDTM
Bitget ATOMUSDT
BingX ATOM-USDT
edgeX ATOMUSDC
GRVT ATOM_USDT_Perp
HTX ATOM-USDT
Phemex ATOMUSDT
Extended ATOM-USD
Injective ATOM/USDC PERP
GMX ATOM/USD [ETH-USDC]
Reya ATOMRUSDPERP