Funding you earn now, next payment 22:00 UTC+0.0148%/8h= +16.2% APRnext payment +$0.18 per $10,000 · paid last 24h +0.039%
Price spread now: Hyperliquid against Kraken Futures+0.050%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$290.288% of the position
Funding, last 7 days+0.084%+$8 on $10k
+Price spread, last 3 days (all we have)+0.395%+$40 · spread now +0.050%, 7d avg +0.048%
=Together, before fees+0.480%+ Points / potential airdropHyperliquid: Season 2 · farm board+$48 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.048%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_BNBUSD | 803.07 | 0.0038 | pay 0.0005% / 1h | 52m 39s | $2.5M | $919K | 50x |
| Short | Hyperliquid BNB | 803.48 | 0.0186 | get 0.0023% / 1h | 52m 39s | $51.6M | $21.3M | 10x |
Kraken Futures PF_BNBUSD
Hyperliquid BNBFunding 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
- $31
- Price spread: +0.050% → +0.048%
- $0.24
- Slippage, 4 orders
- −$9.78
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $2.45
- Costs to cover
- 0.288%
- Break-even
- 6.4 days
Slippage from Kraken Futures: live order book, 1 min ago; Hyperliquid: live order book, 11 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, 1 min ago | 2.86 bp | 8.8 bp −$9 | 9.9 bp −$99 | 35.0 bp −$3,504 | 134.2 bp −$67.1K |
| Sell Hyperliquid live order book, 11 min ago | 0.12 bp | 4.7 bp −$5 | 7.2 bp −$72 | doesn't fit | doesn't fit |
BNB on 46 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX BNB/USD [WBTC.b-USDC] | L −0.0195% / S +0.0371% | 1h | 803.20 | +0.015% | $48K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 803.42 | +0.043% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perp | 0.0000% | 8h | 804.43 | +0.168% | $3.0M | $30.3M | 10x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 803.80 | +0.090% | $110K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 803.92 | +0.105% | $869K | $3.0M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 803.27 | +0.025% | $9.8M | — | 150x | as long as short |
| Kraken Futures PF_BNBUSDlong | +0.0038% | 1h | 803.07 | long leg | $2.5M | $919K | 50x | |
| Variational Omni BNB | +0.0068% | 8h | 803.35 | +0.034% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDT | +0.0070% | 8h | 802.71 | −0.045% | — | $34.5M | — | as long as short |
| Aster BNBUSDT | +0.0087% | 8h | 803.26 | +0.023% | $6.3M | $18.9M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
GRVT BNB_USDT_Perp
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDT
Aster BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International BNB-PERP-INTX | +0.0088% | 1h | 803.99 | +0.114% | $608K | $899K | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 802.85 | −0.028% | $2.8M | $4.2M | 20x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 802.35 | −0.090% | $1.4M | $2.8M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 802.99 | −0.011% | $1.2M | $923K | 20x | as long as short |
| Bybit BNBUSDT | +0.0100% | 8h | 802.30 | −0.096% | $138.9M | $83.5M | 75x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 802.60 | −0.059% | $55.0M | $115.4M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 802.90 | −0.022% | $52K | $191K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 802.45 | −0.078% | $35.9M | $58.2M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 802.75 | −0.040% | $28.1M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 802.34 | −0.092% | $79.0M | $24.6M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 804.47 | +0.174% | $4.2M | $76.8M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 803.95 | +0.109% | $159K | $437K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 803.20 | +0.016% | $118K | $869K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 803.05 | −0.003% | $388K | $595K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 803.26 | +0.023% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 803.97 | +0.111% | $13K | $1.7M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 803.10 | +0.003% | $395K | $1.0M | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0100% | 1h | 803.57 | +0.062% | $1.6M | $162K | 25x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 803.03 | −0.006% | $8.2M | $7.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 803.36 | +0.036% | $78K | $19K | 50x | as long as short |
| MEXC BNB_USDT | +0.0102% | 8h | 803.70 | +0.078% | $84.3M | $13.5M | 200x | as long as short |
| Binance BNBUSDT | +0.0102% | 8h | 803.26 | +0.024% | $518.1M | $807.4M | 75x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 802.28 | −0.099% | $1.9M | $6.1M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 803.04 | −0.004% | $386K | $40K | 10x | as long as short |
| Phemex BNBUSDT | +0.0121% | 8h | 803.66 | +0.073% | $70.1M | $51.9M | 50x | as long as short |
| Phoenix BNB | +0.0125% | 1h | 805.11 | +0.253% | $173K | $35K | 10x | as long as short |
| Bulk BNB-USD | +0.0140% | 1h | 805.09 | +0.250% | $650K | $11K | 10x | as long as short |
| Hyperliquid BNBshort | +0.0186% | 1h | 803.48 | +0.050% | $51.6M | $21.3M | 10x | |
| dYdX BNB-USD | +0.0192% | 1h | 803.01 | −0.008% | $170K | $55K | 10x | as long as short |
| RISEx BNB/USDC | +0.0209% | 1h | 802.99 | −0.011% | $1.1M | $1.4M | 20x | as long as short |
| BloFin BNB-USDT | +0.0222% | 8h | 803.74 | +0.083% | $18.8M | $3.1M | 75x | as long as short |
| Hibachi BNB/USDT-P | +0.0248% | 1h | 803.12 | +0.005% | $71K | $48K | 12x | as long as short |
| Reya BNBRUSDPERP | +0.0335% | 1h | 803.06 | −0.002% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0344% | 1h | 803.51 | +0.054% | $28K | $1K | 10x | as long as short |
| Injective BNB/USDC PERP | +0.0353% | 1h | 804.92 | +0.230% | $19K | $526K | 30x | as long as short |
| Backpack BNB_USDC_PERP | +0.0666% | 1h | 804.22 | +0.143% | $3.0M | $5.3M | 40x | as long as short |
Coinbase International BNB-PERP-INTX
Lighter BNB
Nado BNB-PERP
Pacifica BNB
Bybit BNBUSDT
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
Deribit BNB_USDC-PERPETUAL
HTX BNB-USDT
Paradex BNB-USD-PERP
MEXC BNB_USDT
Binance BNBUSDT
Extended BNB-USD
Aevo BNB-PERP
Phemex BNBUSDT
Phoenix BNB
Bulk BNB-USD
dYdX BNB-USD
RISEx BNB/USDC
BloFin BNB-USDT
Hibachi BNB/USDT-P
Reya BNBRUSDPERP
01 Exchange BNBUSD
Injective BNB/USDC PERP
Backpack BNB_USDC_PERP