Funding you earn now, next payment 02:00 UTC−0.0346%/8h= −37.9% APRnext payment −$0.43 per $10,000 · paid last 24h −0.266%
Price spread now: Hyperliquid against Kraken Futures+0.087%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
The price spread pays, funding is against you. Hyperliquid is 0.087% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.087% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 20 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_CFXUSD | 0.05387 | 0.1213 | pay 0.0152% / 1h | 9m 21s | $33K | $23K | 20x |
| Short | Hyperliquid CFX | 0.05392 | 0.0868 | get 0.0108% / 1h | 9m 21s | $3.2M | $352K | 5x |
Kraken Futures PF_CFXUSD
Hyperliquid CFXFunding 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
- −$72.62
- Price spread: +0.087% → 0.000%
- $8.68
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$82.94
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Hyperliquid: live order book, 2 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 2 min ago | 1.85 bp | 16.8 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
CFX on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster CFXUSDT | +0.0100% | 8h | 0.05379 | −0.158% | $5K | $43K | 5x | as long as short |
| Binance CFXUSDT | +0.0100% | 8h | 0.05381 | −0.107% | $5.4M | $10.5M | 75x | as long as short |
| Bybit CFXUSDT | +0.0100% | 8h | 0.05383 | −0.077% | $2.4M | $1.5M | 25x | as long as short |
| OKX CFX-USDT-SWAP | +0.0100% | 8h | 0.05378 | −0.169% | $2.5M | $5.8M | 20x | as long as short |
| Gate CFX_USDT | +0.0100% | 8h | 0.05379 | −0.151% | $1.1M | $2.6M | 50x | as long as short |
| MEXC CFX_USDT | +0.0100% | 8h | 0.05377 | −0.188% | $3.1M | $1.8M | 125x | as long as short |
| KuCoin CFXUSDTM | +0.0100% | 8h | 0.05382 | −0.095% | $881K | $285K | 75x | as long as short |
| Bitget CFXUSDT | +0.0100% | 8h | 0.05380 | −0.132% | $1.6M | $1.4M | 75x | as long as short |
| BingX CFX-USDT | +0.0100% | 8h | 0.05380 | −0.132% | — | $20.2M | — | as long as short |
| Variational Omni CFX | +0.0100% | 8h | 0.05398 | +0.194% | $42K | $45K | — | as long as short |
Aster CFXUSDT
Binance CFXUSDT
Bybit CFXUSDT
OKX CFX-USDT-SWAP
Gate CFX_USDT
MEXC CFX_USDT
KuCoin CFXUSDTM
Bitget CFXUSDT
BingX CFX-USDT
Variational Omni CFXShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT CFX_USDT_Perp | +0.0100% | 8h | 0.05395 | +0.149% | $512K | $1.7M | 10x | as long as short |
| Extended CFX-USD | +0.0104% | 1h | 0.05379 | −0.157% | $1K | $265K | 10x | as long as short |
| Coinbase International CFX-PERP-INTX | +0.0408% | 1h | 0.05394 | +0.128% | $44K | $125K | 50x | as long as short |
| Hyperliquid CFXshort | +0.0868% | 1h | 0.05392 | +0.087% | $3.2M | $352K | 5x | |
| Kraken Futures PF_CFXUSDlong | +0.1213% | 1h | 0.05387 | long leg | $33K | $23K | 20x | |
| Deribit CFX_USDC-PERPETUAL | +0.3466% | 1h | 0.05402 | +0.276% | $143 | $29 | 10x | as long as short |
GRVT CFX_USDT_Perp
Extended CFX-USD
Coinbase International CFX-PERP-INTX
Deribit CFX_USDC-PERPETUAL